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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Discontinued operations:      
Amortization of debt premiums/discounts, net $ 32 [1],[2] $ 34 [1],[2] $ 31 [1],[3]
Deferred income taxes (11) (36) (38)
Non-cash loss (gain) on extinguishment of debt 4 [2] 1 [2] (2) [3]
HOST HOTELS & RESORTS, INC.
      
OPERATING ACTIVITIES      
NET LOSS (16) (132) (258)
Discontinued operations:      
(Gain) loss on dispositions   2 (26)
Depreciation 3 2 90
Depreciation and amortization 652 591 613
Amortization of deferred financing costs 11 12 14
Amortization of debt premiums/discounts, net 19 31 31
Deferred income taxes (11) (36) (38)
Net gains on property transactions and other (7) (1) (14)
(Gain) loss on foreign currency transactions and derivatives (3) 6 (5)
Non-cash loss (gain) on extinguishment of debt 4 1 (5)
Equity in (earnings) losses of affiliates (4) 1 32
Distributions from equity investments   2 1
Change in due from managers   (9) 34
Change in cash restricted for operating activities   (25)  
Changes in other assets (9) 44 (12)
Changes in other liabilities 22 31 95
Cash provided by operating activities 661 520 552
INVESTING ACTIVITIES      
Proceeds from sales of assets, net 6 12 199
Acquisitions (1,047) (342)  
Deposits for acquisitions   (38)  
Proceeds from transfer of Le Méridien Piccadilly to the Euro JV Fund II 40    
Proceeds from sale of interest in CBM Joint Venture LLC     13
Deferred sale proceeds received from HPT   17.0  
Investment in affiliates (49) (1) (7)
Return of capital from investments 1   39
Purchase of mortgage note on a portfolio of hotels   (53)  
Capital expenditures:      
Renewals and replacements (327) (195) (164)
Redevelopment and other investments (215) (114) (176)
Change in furniture, fixtures & equipment (FF&E) replacement fund 4 (17) (6)
Change in FF&E replacement funds designated as restricted cash   22 (14)
Property insurance proceeds 11 3  
Cash used in investing activities (1,576) (706) (116)
FINANCING ACTIVITIES      
Financing costs (23) (10) (20)
Issuances of debt 955 500 906
Draws on credit facility 153 56  
Repayment on credit facility (90)   (410)
Repurchase/redemption of senior notes, including exchangeable debentures (404) (821) (139)
Mortgage debt prepayments and scheduled maturities (210) (364) (342)
Scheduled principal repayments (5) (13) (14)
Common stock issuance 323 406 767
Redemption of preferred stock   (101)  
Dividends on common stock (70) (20) (42)
Dividends on preferred stock   (6) (9)
Distributions to non-controlling interests (5) (4) (3)
Contributions from non-controlling interests 1 11  
Change in cash restricted for financing activities 3 23 4
Cash provided by (used in) financing activities 628 (343) 698
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (287) (529) 1,134
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 1,113 1,642 508
CASH AND CASH EQUIVALENTS, END OF YEAR 826 1,113 1,642
HOST HOTELS & RESORTS L.P.
      
OPERATING ACTIVITIES      
NET LOSS (16) (132) (258)
Discontinued operations:      
(Gain) loss on dispositions   2 (26)
Depreciation 3 2 90
Depreciation and amortization 652 591 613
Amortization of deferred financing costs 11 12 14
Amortization of debt premiums/discounts, net 19 31 31
Deferred income taxes (11) (36) (38)
Net gains on property transactions and other (7) (1) (14)
(Gain) loss on foreign currency transactions and derivatives (3) 6 (5)
Non-cash loss (gain) on extinguishment of debt 4 1 (5)
Equity in (earnings) losses of affiliates (4) 1 32
Distributions from equity investments   2 1
Change in due from managers   (9) 34
Change in cash restricted for operating activities   (25)  
Changes in other assets (9) 44 (12)
Changes in other liabilities 22 31 95
Cash provided by operating activities 661 520 552
INVESTING ACTIVITIES      
Proceeds from sales of assets, net 6 12 199
Acquisitions (1,047) (342)  
Deposits for acquisitions   (38)  
Proceeds from transfer of Le Méridien Piccadilly to the Euro JV Fund II 40    
Proceeds from sale of interest in CBM Joint Venture LLC     13
Deferred sale proceeds received from HPT   17.0  
Investment in affiliates (49) (1) (7)
Return of capital from investments 1   39
Purchase of mortgage note on a portfolio of hotels   (53)  
Capital expenditures:      
Renewals and replacements (327) (195) (164)
Redevelopment and other investments (215) (114) (176)
Change in furniture, fixtures & equipment (FF&E) replacement fund 4 (17) (6)
Change in FF&E replacement funds designated as restricted cash   22 (14)
Property insurance proceeds 11 3  
Cash used in investing activities (1,576) (706) (116)
FINANCING ACTIVITIES      
Financing costs (23) (10) (20)
Issuances of debt 955 500 906
Draws on credit facility 153 56  
Repayment on credit facility (90)   (410)
Repurchase/redemption of senior notes, including exchangeable debentures (404) (821) (139)
Mortgage debt prepayments and scheduled maturities (210) (364) (342)
Scheduled principal repayments (5) (13) (14)
Change in cash restricted for financing activities 3 23 4
Cash provided by (used in) financing activities 628 (343) 698
Common OP unit issuance 323 406 767
Redemption of preferred OP units   (101)  
Distributions on common OP units (71) (20) (43)
Distributions on preferred OP units   (6) (9)
Distributions to non-controlling interests (4) (4) (2)
Contributions from non-controlling interests 1 11  
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (287) (529) 1,134
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 1,113 1,642 508
CASH AND CASH EQUIVALENTS, END OF YEAR $ 826 $ 1,113 $ 1,642
[1] Primarily represents the amortization of the debt discount on our Debentures, which is non-cash interest expense.
[2] Interest expense and interest paid for 2011 and 2010 includes cash prepayment premiums of approximately $5 million and $20 million, respectively. No significant prepayment premium was paid in 2009.
[3] Interest expense and interest paid for 2009 is net of $7 million received in connection with the 2007 defeasance of $514 million in collateralized mortgage-backed securities.