CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Millions	12 Months Ended
	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
OPERATING ACTIVITIES
NET INCOME	$ 1,151	$ 571	$ 771
Adjustments to reconcile net income to net cash provided by operations:
Depreciation and amortization	944	751	724
Amortization of finance costs, discounts and premiums, net	7	7	7
Stock compensation expense	14	11	12
Deferred income taxes	4	38	27
Gain on sale of assets	(902)	(108)	(253)
(Gain) loss on foreign currency transactions and derivatives		2	(4)
Gain on property insurance settlement		(1)	(1)
Equity in earnings of affiliates	(30)	(30)	(21)
Change in due from managers	13	(27)	(6)
Distributions from investments in affiliates	58	40	29
Changes in other assets	(5)	(18)	11
Changes in other liabilities	46	(6)	6
Net cash provided by operating activities	1,300	1,230	1,302
INVESTING ACTIVITIES
Proceeds from sales of assets, net	1,605	481	465
Return of investments in affiliates	1	13	23
Advances to and investments in affiliates	(7)	(30)	(5)
Acquisitions	(1,025)	(468)	(63)
Capital expenditures:
Renewals and replacements	(274)	(205)	(293)
Return on investment	(200)	(72)	(226)
Property insurance proceeds		14
Net cash provided by (used in) investing activities	100	(267)	(99)
FINANCING ACTIVITIES
Financing costs		(9)
Issuances of debt		404
Draws on credit facility	360	340	734
Repayment of credit facility	(462)	(395)	(816)
Mortgage debt and other prepayments and scheduled maturities	(1)	(69)	(137)
Common stock repurchase			(218)
Dividends on common stock	(629)	(628)	(596)
Distributions and payments to non-controlling interests	(8)	(49)	(8)
Other financing activities	(8)	4	4
Net cash used in financing activities	(748)	(402)	(1,037)
Effects of exchange rate changes on cash held	(5)	4	1
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	647	565	167
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR	1,109	544	377
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR	1,756	1,109	544
Supplemental disclosure of cash flow information:
Cash and cash equivalents	1,542	913	372
Restricted cash (included in other assets)	1	1	2
Cash included in furniture, fixtures and equipment replacement fund	213	195	170
Total cash and cash equivalents and restricted cash shown in the statements of cash flows	1,756	1,109	544
HOST HOTELS & RESORTS L.P.
OPERATING ACTIVITIES
NET INCOME	1,151	571	771
Adjustments to reconcile net income to net cash provided by operations:
Depreciation and amortization	944	751	724
Amortization of finance costs, discounts and premiums, net	7	7	7
Stock compensation expense	14	11	12
Deferred income taxes	4	38	27
Gain on sale of assets	(902)	(108)	(253)
(Gain) loss on foreign currency transactions and derivatives		2	(4)
Gain on property insurance settlement		(1)	(1)
Equity in earnings of affiliates	(30)	(30)	(21)
Change in due from managers	13	(27)	(6)
Distributions from investments in affiliates	58	40	29
Changes in other assets	(5)	(18)	11
Changes in other liabilities	46	(6)	6
Net cash provided by operating activities	1,300	1,230	1,302
INVESTING ACTIVITIES
Proceeds from sales of assets, net	1,605	481	465
Return of investments in affiliates	1	13	23
Advances to and investments in affiliates	(7)	(30)	(5)
Acquisitions	(1,025)	(468)	(63)
Capital expenditures:
Renewals and replacements	(274)	(205)	(293)
Return on investment	(200)	(72)	(226)
Property insurance proceeds		14
Net cash provided by (used in) investing activities	100	(267)	(99)
FINANCING ACTIVITIES
Financing costs		(9)
Issuances of debt		404
Draws on credit facility	360	340	734
Repayment of credit facility	(462)	(395)	(816)
Mortgage debt and other prepayments and scheduled maturities	(1)	(69)	(137)
Repurchase of common OP units			(218)
Distributions on common OP units	(636)	(635)	(603)
Distributions and payments to non-controlling interests	(1)	(42)	(1)
Other financing activities	(8)	4	4
Net cash used in financing activities	(748)	(402)	(1,037)
Effects of exchange rate changes on cash held	(5)	4	1
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	647	565	167
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR	1,109	544	377
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR	1,756	1,109	544
Supplemental disclosure of cash flow information:
Cash and cash equivalents	1,542	913	372
Restricted cash (included in other assets)	1	1	2
Cash included in furniture, fixtures and equipment replacement fund	213	195	170
Total cash and cash equivalents and restricted cash shown in the statements of cash flows	$ 1,756	$ 1,109	$ 544