CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
OPERATING ACTIVITIES
NET INCOME	$ 320	$ 344
Adjustments to reconcile to cash provided by operations:
Depreciation and amortization	355	346
Amortization of finance costs, discounts and premiums, net	13	13
Non-cash loss on extinguishment of debt	6	2
Stock compensation expense	8	10
Deferred income taxes	(1)	(3)
Gain on sale of assets	(57)	(111)
Loss on foreign currency transactions and derivatives	2	1
Equity in (earnings) losses of affiliates	(20)	3
Change in due from managers	(60)	(76)
Distributions from equity investments	7
Changes in other assets	33	6
Changes in other liabilities	(44)	(10)
Cash provided by operating activities	562	525
INVESTING ACTIVITIES
Proceeds from sales of assets, net	174	274
Return of investment		42
Acquisitions	(402)	(73)
Advances to and investments in affiliates	(2)	(32)
Capital expenditures:
Renewals and replacements	(220)	(147)
Redevelopment and acquisition-related investments	(101)	(36)
New development		(5)
Change in furniture, fixtures and equipment ("FF&E") replacement fund	(12)	(11)
Change in restricted cash for investing activities	(3)
Cash provided by (used in) investing activities	(566)	12
FINANCING ACTIVITIES
Financing costs	(4)	(4)
Issuances of debt	499
Draws on credit facility	250
Repayment of credit facility	(170)	(225)
Repurchase/redemption of senior notes	(500)	(150)
Mortgage debt and other prepayments and scheduled maturities		(373)
Common stock repurchase	(131)
Dividends on common stock	(348)	(204)
Other financing activities	(6)	(4)
Cash used in financing activities	(410)	(960)
Effects of exchange rate changes on cash held	(8)	2
DECREASE IN CASH AND CASH EQUIVALENTS	(422)	(421)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	684	861
CASH AND CASH EQUIVALENTS, END OF PERIOD	262	440
Supplemental disclosure of cash flow information:
Interest paid - periodic interest expense	88	93
Interest paid - debt extinguishments	15	2
Total interest paid	103	95
Income taxes paid	6	14
HOST HOTELS & RESORTS L.P.
OPERATING ACTIVITIES
NET INCOME	320	344
Adjustments to reconcile to cash provided by operations:
Depreciation and amortization	355	346
Amortization of finance costs, discounts and premiums, net	13	13
Non-cash loss on extinguishment of debt	6	2
Stock compensation expense	8	10
Deferred income taxes	(1)	(3)
Gain on sale of assets	(57)	(111)
Loss on foreign currency transactions and derivatives	2	1
Equity in (earnings) losses of affiliates	(20)	3
Change in due from managers	(60)	(76)
Distributions from equity investments	7
Changes in other assets	33	6
Changes in other liabilities	(44)	(10)
Cash provided by operating activities	562	525
INVESTING ACTIVITIES
Proceeds from sales of assets, net	174	274
Return of investment		42
Acquisitions	(402)	(73)
Advances to and investments in affiliates	(2)	(32)
Capital expenditures:
Renewals and replacements	(220)	(147)
Redevelopment and acquisition-related investments	(101)	(36)
New development		(5)
Change in furniture, fixtures and equipment ("FF&E") replacement fund	(12)	(11)
Change in restricted cash for investing activities	(3)
Cash provided by (used in) investing activities	(566)	12
FINANCING ACTIVITIES
Financing costs	(4)	(4)
Issuances of debt	499
Draws on credit facility	250
Repayment of credit facility	(170)	(225)
Repurchase/redemption of senior notes	(500)	(150)
Mortgage debt and other prepayments and scheduled maturities		(373)
Repurchase of common OP units	(131)
Distributions on common OP units	(352)	(207)
Other financing activities	(2)	(1)
Cash used in financing activities	(410)	(960)
Effects of exchange rate changes on cash held	(8)	2
DECREASE IN CASH AND CASH EQUIVALENTS	(422)	(421)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	684	861
CASH AND CASH EQUIVALENTS, END OF PERIOD	262	440
Supplemental disclosure of cash flow information:
Interest paid - periodic interest expense	88	93
Interest paid - debt extinguishments	15	2
Total interest paid	103	95
Income taxes paid	$ 6	$ 14