CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
REVENUES
Rooms	$ 870	$ 884	$ 2,625	$ 2,613
Food and beverage	337	330	1,160	1,150
Other	80	80	268	271
Total revenues	1,287	1,294	4,053	4,034
EXPENSES
Rooms	228	236	681	696
Food and beverage	258	260	830	829
Other departmental and support expenses	322	314	973	949
Management fees	51	55	171	171
Other property-level expenses	99	94	296	289
Depreciation and amortization	180	178	535	524
Corporate and other expenses	21	(38)	68	25
Gain on insurance settlements	(4)	(7)	(4)	(10)
Total operating costs and expenses	1,155	1,092	3,550	3,473
OPERATING PROFIT	132	202	503	561
Interest income		1	2	3
Interest expense	(49)	(51)	(173)	(164)
Gain on sale of assets	5	1	62	112
Loss on foreign currency transactions and derivatives	(1)	(1)	(3)	(2)
Equity in earnings (losses) of affiliates	7	(1)	27	(4)
INCOME BEFORE INCOME TAXES	94	151	418	506
Provision for income taxes	(9)	(6)	(13)	(17)
NET INCOME	85	145	405	489
Less: Net (income) loss attributable to non-controlling interests		(1)	(10)	(11)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 85	$ 144	$ 395	$ 478
Basic earnings per common share	$ 0.11	$ 0.19	$ 0.53	$ 0.63
Diluted earnings per common share	$ 0.11	$ 0.19	$ 0.53	$ 0.63
HOST HOTELS & RESORTS L.P.
REVENUES
Rooms	$ 870	$ 884	$ 2,625	$ 2,613
Food and beverage	337	330	1,160	1,150
Other	80	80	268	271
Total revenues	1,287	1,294	4,053	4,034
EXPENSES
Rooms	228	236	681	696
Food and beverage	258	260	830	829
Other departmental and support expenses	322	314	973	949
Management fees	51	55	171	171
Other property-level expenses	99	94	296	289
Depreciation and amortization	180	178	535	524
Corporate and other expenses	21	(38)	68	25
Gain on insurance settlements	(4)	(7)	(4)	(10)
Total operating costs and expenses	1,155	1,092	3,550	3,473
OPERATING PROFIT	132	202	503	561
Interest income		1	2	3
Interest expense	(49)	(51)	(173)	(164)
Gain on sale of assets	5	1	62	112
Loss on foreign currency transactions and derivatives	(1)	(1)	(3)	(2)
Equity in earnings (losses) of affiliates	7	(1)	27	(4)
INCOME BEFORE INCOME TAXES	94	151	418	506
Provision for income taxes	(9)	(6)	(13)	(17)
NET INCOME	85	145	405	489
Less: Net (income) loss attributable to non-controlling interests	1	1	(5)	(4)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 86	$ 146	$ 400	$ 485
Basic earnings per common share	$ 0.12	$ 0.19	$ 0.54	$ 0.65
Diluted earnings per common share	$ 0.12	$ 0.19	$ 0.54	$ 0.65