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Acquisitions (Tables)
6 Months Ended
Jun. 30, 2015
Business Combinations [Abstract]  
Estimated Fair Value of Assets Acquired and Liabilities Assumed in Acquisitions

The following table summarizes the estimated fair value of the assets acquired and liabilities assumed related to this acquisition (in millions):

 

Property and equipment

 

$

400

 

Other assets

 

 

1

 

Total assets

 

 

401

 

Other liabilities

 

 

(1

)

Net assets acquired

 

$

400

 

 

Summary of Unaudited Consolidated Pro Forma Results of Operations

Our summarized unaudited consolidated pro forma results of operations, assuming the acquisition completed during 2015 occurred on January 1, 2014, are as follows (in millions, except per share and per unit amounts):

 

 

Quarter ended June 30,

 

 

Year-to-date ended June 30,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Revenues

 

$

1,478

 

 

$

1,461

 

 

$

2,838

 

 

$

2,810

 

Income from continuing operations

 

 

226

 

 

 

163

 

 

 

345

 

 

 

361

 

Net income

 

 

226

 

 

 

163

 

 

 

345

 

 

 

361

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Host Inc.:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Host Inc.

 

$

222

 

 

$

159

 

 

$

335

 

 

$

351

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

.29

 

 

$

.21

 

 

$

.44

 

 

$

.46

 

Diluted earnings per common share

 

$

.29

 

 

$

.21

 

 

$

.44

 

 

$

.46

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Host L.P.:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Host L.P.

 

$

225

 

 

$

161

 

 

$

339

 

 

$

356

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common unit

 

$

.30

 

 

$

.21

 

 

$

.45

 

 

$

.48

 

Diluted earnings per common unit

 

$

.30

 

 

$

.21

 

 

$

.45

 

 

$

.48