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Equity of Host Inc. and Capital of Host L.P. (Tables)
9 Months Ended
Sep. 30, 2015
Equity [Abstract]  
Equity Allocation between Controlling and Non-Controlling Interests

Equity of Host Inc. is allocated between controlling and non-controlling interests as follows (in millions):

 

 

Equity of

Host Inc.

 

Non-redeemable, non-controlling interests

 

Total equity

 

Redeemable, non-controlling interests

 

Balance, December 31, 2014

$

7,336

 

$

32

 

$

7,368

 

$

225

 

Net income

 

395

 

 

5

 

 

400

 

 

5

 

Issuance of common stock

 

22

 

 

 

 

22

 

 

 

Repurchase of common stock

 

(352

)

 

 

 

(352

)

 

 

Dividends declared on common stock

 

(449

)

 

 

 

(449

)

 

 

Distributions to non-controlling interests

 

 

 

(6

)

 

(6

)

 

(5

)

Other changes in ownership

 

77

 

 

(3

)

 

74

 

 

(77

)

Other comprehensive loss

 

(69

)

 

 

 

(69

)

 

 

Balance, September 30, 2015

$

6,960

 

$

28

 

$

6,988

 

$

148

 

 

Capital Allocation between Controlling and Non-Controlling Interests

Capital of Host L.P. is allocated between controlling and non-controlling interests as follows (in millions):

 

 

 

 

 

 

 

 

 

 

 

Limited

 

 

 

 

 

Non-

 

 

 

 

Partnership

 

 

Capital of

 

controlling

 

Total

 

Interests of

 

 

Host L.P.

 

Interests

 

Capital

 

Third Parties

 

Balance, December 31, 2014

$

7,336

 

$

32

 

$

7,368

 

$

225

 

Net income

 

395

 

 

5

 

 

400

 

 

5

 

Issuance of common OP units

 

22

 

 

 

 

22

 

 

 

Repurchase of common OP units

 

(352

)

 

 

 

(352

)

 

 

Distributions declared on common OP units

 

(449

)

 

 

 

(449

)

 

(5

)

Distributions to non-controlling interests

 

 

 

(6

)

 

(6

)

 

 

Other changes in ownership

 

77

 

 

(3

)

 

74

 

 

(77

)

Other comprehensive loss

 

(69

)

 

 

 

(69

)

 

 

Balance, September 30, 2015

$

6,960

 

$

28

 

$

6,988

 

$

148