CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
REVENUES
Rooms		$ 3,465	$ 3,452	$ 3,317
Food and beverage		1,568	1,546	1,503
Other		354	356	346
Total revenues		5,387	5,354	5,166
EXPENSES
Rooms		902	924	894
Food and beverage		1,110	1,109	1,095
Other departmental and support expenses		1,295	1,264	1,249
Management fees		226	227	222
Other property-level expenses		396	386	376
Depreciation and amortization		716	701	697
Corporate and other expenses		94	43	121
Gain on insurance settlements		(2)	(10)
Total operating costs and expenses		4,737	4,644	4,654
OPERATING PROFIT		650	710	512
Interest income		4	4	4
Interest expense	[1]	(234)	(214)	(304)
Gain on sale of assets		95	236	33
Gain (loss) on foreign currency transactions and derivatives		(5)	(1)	3
Equity in earnings (losses) of affiliates		70	26	(17)
INCOME BEFORE INCOME TAXES		580	761	231
Provision for income taxes		(9)	(14)	(21)
INCOME FROM CONTINUING OPERATIONS		571	747	210
Income from discontinued operations, net of tax				115
NET INCOME		571	747	325
Less: Net income attributable to non-controlling interests		(13)	(15)	(8)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY		$ 558	$ 732	$ 317
Basic earnings per common share/unit:
Continuing operations		$ 0.74	$ 0.97	$ 0.27
Discontinued operations				0.16
Basic earnings per common share/unit		0.74	0.97	0.43
Diluted earnings per common share/unit:
Continuing operations		0.74	0.96	0.27
Discontinued operations				0.15
Diluted earnings per common share/unit		$ 0.74	$ 0.96	$ 0.42
HOST HOTELS & RESORTS L.P.
REVENUES
Rooms		$ 3,465	$ 3,452	$ 3,317
Food and beverage		1,568	1,546	1,503
Other		354	356	346
Total revenues		5,387	5,354	5,166
EXPENSES
Rooms		902	924	894
Food and beverage		1,110	1,109	1,095
Other departmental and support expenses		1,295	1,264	1,249
Management fees		226	227	222
Other property-level expenses		396	386	376
Depreciation and amortization		716	701	697
Corporate and other expenses		94	43	121
Gain on insurance settlements		(2)	(10)
Total operating costs and expenses		4,737	4,644	4,654
OPERATING PROFIT		650	710	512
Interest income		4	4	4
Interest expense		(234)	(214)	(304)
Gain on sale of assets		95	236	33
Gain (loss) on foreign currency transactions and derivatives		(5)	(1)	3
Equity in earnings (losses) of affiliates		70	26	(17)
INCOME BEFORE INCOME TAXES		580	761	231
Provision for income taxes		(9)	(14)	(21)
INCOME FROM CONTINUING OPERATIONS		571	747	210
Income from discontinued operations, net of tax				115
NET INCOME		571	747	325
Less: Net income attributable to non-controlling interests		(6)	(6)	(4)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY		$ 565	$ 741	$ 321
Basic earnings per common share/unit:
Continuing operations		$ 0.76	$ 0.99	$ 0.28
Discontinued operations				0.15
Basic earnings per common share/unit		0.76	0.99	0.43
Diluted earnings per common share/unit:
Continuing operations		0.76	0.99	0.28
Discontinued operations				0.15
Diluted earnings per common share/unit		$ 0.76	$ 0.99	$ 0.43

[1] Interest expense and interest paid for 2015, 2014 and 2013 include cash prepayment premiums of approximately $30 million, $2 million and $23 million, respectively.