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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUES        
Revenues $ 1,299 $ 1,254 $ 4,163 $ 4,043
EXPENSES        
Other property-level expenses 90 97 287 294
Depreciation and amortization 412 176 779 534
Corporate and other expenses 24 24 82 79
Gain on insurance and business interruption settlements   (1)   (6)
Total operating costs and expenses 1,391 1,127 3,821 3,501
OPERATING PROFIT (LOSS) (92) 127 342 542
Interest income 3 2 8 4
Interest expense (45) (43) (134) (125)
Gain on sale of assets 547 59 667 105
Gain (loss) on foreign currency transactions and derivatives 1 (2)   (4)
Equity in earnings of affiliates 6 4 25 19
INCOME BEFORE INCOME TAXES 420 147 908 541
Provision for income taxes (42) (42) (63) (63)
NET INCOME 378 105 845 478
Less: Net (income) loss attributable to non-controlling interests (56) (1) (61) (6)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY $ 322 $ 104 $ 784 $ 472
Basic earnings per common share $ 0.43 $ 0.14 $ 1.06 $ 0.64
Diluted earnings per common share $ 0.43 $ 0.14 $ 1.06 $ 0.64
HOST HOTELS & RESORTS L.P.        
REVENUES        
Revenues $ 1,299 $ 1,254 $ 4,163 $ 4,043
EXPENSES        
Other property-level expenses 90 97 287 294
Depreciation and amortization 412 176 779 534
Corporate and other expenses 24 24 82 79
Gain on insurance and business interruption settlements   (1)   (6)
Total operating costs and expenses 1,391 1,127 3,821 3,501
OPERATING PROFIT (LOSS) (92) 127 342 542
Interest income 3 2 8 4
Interest expense (45) (43) (134) (125)
Gain on sale of assets 547 59 667 105
Gain (loss) on foreign currency transactions and derivatives 1 (2)   (4)
Equity in earnings of affiliates 6 4 25 19
INCOME BEFORE INCOME TAXES 420 147 908 541
Provision for income taxes (42) (42) (63) (63)
NET INCOME 378 105 845 478
Less: Net (income) loss attributable to non-controlling interests (53) 1 (53)  
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY $ 325 $ 106 $ 792 $ 478
Basic earnings per common share $ 0.44 $ 0.14 $ 1.08 $ 0.65
Diluted earnings per common share $ 0.44 $ 0.14 $ 1.08 $ 0.65
Rooms        
REVENUES        
Revenues $ 874 $ 860 $ 2,691 $ 2,643
EXPENSES        
Expenses 234 227 696 676
Rooms | HOST HOTELS & RESORTS L.P.        
REVENUES        
Revenues 874 860 2,691 2,643
EXPENSES        
Expenses 234 227 696 676
Food and Beverage        
REVENUES        
Revenues 337 314 1,199 1,152
EXPENSES        
Expenses 254 242 822 794
Food and Beverage | HOST HOTELS & RESORTS L.P.        
REVENUES        
Revenues 337 314 1,199 1,152
EXPENSES        
Expenses 254 242 822 794
Other Departmental and Support Expenses        
REVENUES        
Revenues 88 80 273 248
EXPENSES        
Expenses 321 309 972 952
Other Departmental and Support Expenses | HOST HOTELS & RESORTS L.P.        
REVENUES        
Revenues 88 80 273 248
EXPENSES        
Expenses 321 309 972 952
Management Fees        
EXPENSES        
Expenses 56 53 183 178
Management Fees | HOST HOTELS & RESORTS L.P.        
EXPENSES        
Expenses $ 56 $ 53 $ 183 $ 178