Geographic and Business Segment Information

12 Months Ended

Dec. 31, 2011

Geographic and Business Segment Information

17. Geographic and Business Segment Information

We consider each one of our hotels to be an operating segment, none of which meets the threshold for a reportable segment. We also allocate resources and assess operating performance based on individual hotels. All of our other real estate investment activities (primarily our office buildings) are immaterial and meet the aggregation criteria, and thus, we report one segment: hotel ownership. Our foreign operations consist of hotels in six countries. In June 2011, we transferred our hotel in the United Kingdom to the Euro JV Fund II. There were no intersegment sales during the periods presented. The following table presents revenues and long-lived assets for each of the geographical areas in which we operate (in millions):

	2011				2010				2009
	Revenues		Property and Equipment, net		Revenues		Property and Equipment, net		Revenues		Property and Equipment, net
United States	$	4,722	$	10,874	$	4,244	$	10,095	$	3,997	$	10,013
Australia		27		136		—		—		—		—
Brazil		33		42		8		48		—		—
Canada		115		126		109		131		96		135
Chile		28		58		29		56		25		53
Mexico		24		23		21		29		17		30
New Zealand		32		124		—		—		—		—
United Kingdom		17		—		17		155		—		—
Total	$	4,998	$	11,383	$	4,428	$	10,514	$	4,135	$	10,231