Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

As of December 31, 2020, the hotels in our consolidated portfolio are in the following countries:

The table below details the historical cost and redemption values for the non-controlling interests of Host L.P.:

	As of December 31,
	2020		2019
OP units outstanding (millions)		7.2		7.5
Market price per Host Inc. common share	$	14.63	$	18.55
Shares issuable upon conversion of one OP unit		1.021494		1.021494
Redemption value (millions)	$	108	$	142
Historical cost (millions)		67		79
Book value (millions) ⁽¹⁾		108		142
___________

(1)The book value recorded is equal to the greater of the redemption value or the historical cost.

The components of total accumulated other comprehensive income (loss) in the balance sheets are as follows (in millions):

	As of December 31,
	2020			2019
Gain on foreign currency forward contracts	$	2		$	3
Loss on interest rate swap cash flow hedges		(3	)		(3	)
Foreign currency translation		(74	)		(57	)
Other comprehensive loss attributable to non-controlling interests		1			1
Total accumulated other comprehensive loss	$	(74	)	$	(56	)

The calculation of Host Inc. basic and diluted earnings (loss) per common share is shown below (in millions, except per share amounts):

	Year ended December 31,
	2020			2019			2018
Net income (loss)	$	(741	)	$	932		$	1,151
Less: Net (income) loss attributable to non-controlling interests		9			(12	)		(64	)
Net income (loss) attributable to Host Inc.	$	(732	)	$	920		$	1,087

Basic weighted average shares outstanding		705.9			730.3			739.8
Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market		—			0.8			0.8
Diluted weighted average shares outstanding		705.9			731.1			740.6

Basic earnings (loss) per common share	$	(1.04	)	$	1.26		$	1.47
Diluted earnings (loss) per common share	$	(1.04	)	$	1.26		$	1.47

The calculation of Host L.P. basic and diluted earnings (loss) per common unit is shown below (in millions, except per unit amounts):

	Year ended December 31,
	2020			2019			2018
Net income (loss)	$	(741	)	$	932		$	1,151
Less: Net (income) loss attributable to non- controlling interests		1			(2	)		(52	)
Net income (loss) attributable to Host L.P.	$	(740	)	$	930		$	1,099

Basic weighted average units outstanding		698.4			722.5			732.2
Assuming distribution of common units to support shares granted under the comprehensive stock plans, less shares assumed purchased at market		—			0.8			0.8
Diluted weighted average units outstanding		698.4			723.3			733.0

Basic earnings (loss) per common unit	$	(1.06	)	$	1.29		$	1.50
Diluted earnings (loss) per common unit	$	(1.06	)	$	1.29		$	1.50