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Equity of Host Inc. and Capital of Host L.P. (Tables)
9 Months Ended
Sep. 30, 2014
Equity [Abstract]  
Equity Allocation between Controlling and Non-Controlling Interests

Equity of Host Inc. is allocated between controlling and non-controlling interests as follows (in millions):

 

 

Equity of

Host Inc.

 

Non-redeemable, non-controlling interests

 

Total equity

 

Redeemable, non-controlling interests

 

Balance, December 31,2013

$

7,228

 

$

34

 

$

7,262

 

$

190

 

Net income

 

478

 

 

4

 

 

482

 

 

7

 

Issuance of common stock

 

15

 

 

 

 

15

 

 

 

Dividends declared on common stock

 

(370

)

 

 

 

(370

)

 

 

Distributions to non-controlling interests

 

 

 

(5

)

 

(5

)

 

(4

)

Other changes in ownership

 

(13

)

 

2

 

 

(11

)

 

11

 

Other comprehensive loss

 

(23

)

 

 

 

(23

)

 

 

Balance, September 30, 2014

$

7,315

 

$

35

 

$

7,350

 

$

204

 

 

Capital Allocation between Controlling and Non-Controlling Interests

Capital of Host L.P. is allocated between controlling and non-controlling interests as follows (in millions):

 

 

 

 

 

 

 

 

 

 

 

Limited

 

 

 

 

 

Non-

 

 

 

 

Partnership

 

 

Capital of

 

controlling

 

Total

 

Interests of

 

 

Host L.P.

 

Interests

 

Capital

 

Third Parties

 

Balance, December 31, 2013

$

7,228

 

$

34

 

$

7,262

 

$

190

 

Net income

 

478

 

 

4

 

 

482

 

 

7

 

Issuance of common OP units

 

15

 

 

 

 

15

 

 

 

Distributions declared on common OP units

 

(370

)

 

 

 

(370

)

 

(4

)

Distributions to non-controlling interests

 

 

 

(5

)

 

(5

)

 

 

Other changes in ownership

 

(13

)

 

2

 

 

(11

)

 

11

 

Other comprehensive loss

 

(23

)

 

 

 

(23

)

 

 

Balance, September 30, 2014

$

7,315

 

$

35

 

$

7,350

 

$

204