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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
REVENUES    
Rooms $ 844 $ 843
Food and beverage 413 422
Other 89 83
Total revenues 1,346 1,348
EXPENSES    
Rooms 224 219
Food and beverage 278 277
Other departmental and support expenses 315 319
Management fees 54 56
Other property-level expenses 98 100
Depreciation and amortization 178 180
Corporate and other expenses 28 29
Gain on insurance and business interruption settlements   (3)
Total operating costs and expenses 1,175 1,177
OPERATING PROFIT 171 171
Interest income 3 1
Interest expense (44) (39)
Gain on sale of assets 120 17
Loss on foreign currency transactions and derivatives   (2)
Equity in earnings of affiliates 10 7
INCOME BEFORE INCOME TAXES 260 155
Benefit (provision) for income taxes (4) 6
NET INCOME 256 161
Less: Net (income) loss attributable to non-controlling interests (3) (3)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY $ 253 $ 158
Basic earnings per common share $ 0.34 $ 0.21
Diluted earnings per common share $ 0.34 $ 0.21
HOST HOTELS & RESORTS L.P.    
REVENUES    
Rooms $ 844 $ 843
Food and beverage 413 422
Other 89 83
Total revenues 1,346 1,348
EXPENSES    
Rooms 224 219
Food and beverage 278 277
Other departmental and support expenses 315 319
Management fees 54 56
Other property-level expenses 98 100
Depreciation and amortization 178 180
Corporate and other expenses 28 29
Gain on insurance and business interruption settlements   (3)
Total operating costs and expenses 1,175 1,177
OPERATING PROFIT 171 171
Interest income 3 1
Interest expense (44) (39)
Gain on sale of assets 120 17
Loss on foreign currency transactions and derivatives   (2)
Equity in earnings of affiliates 10 7
INCOME BEFORE INCOME TAXES 260 155
Benefit (provision) for income taxes (4) 6
NET INCOME 256 161
Less: Net (income) loss attributable to non-controlling interests   (1)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY $ 256 $ 160
Basic earnings per common share $ 0.35 $ 0.22
Diluted earnings per common share $ 0.35 $ 0.22