CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
OPERATING ACTIVITIES
NET INCOME	$ 535	$ 313
Adjustments to reconcile to cash provided by operations:
Depreciation and amortization	359	351
Amortization of finance costs, discounts and premiums, net	3	13
Non-cash loss on extinguishment of debt		6
Stock compensation expense	6	8
Deferred income taxes	13	(1)
Gain on sale of assets	(231)	(57)
(Gain) loss on foreign currency transactions and derivatives	(3)	2
Gain on property insurance settlement	(1)
Equity in earnings of affiliates	(11)	(26)
Change in due from managers	(67)	(60)
Distributions from equity investments	18	11
Changes in other assets	(2)	33
Changes in other liabilities	(7)	(44)
Cash provided by operating activities	612	549
INVESTING ACTIVITIES
Proceeds from sales of assets, net	441	174
Return of investment	9
Advances to and investments in affiliates	(1)	(2)
Acquisitions	(50)	(402)
Capital expenditures:
Renewals and replacements	(161)	(219)
Redevelopment and acquisition-related investments	(141)	(101)
Change in furniture, fixtures and equipment ("FF&E") replacement fund	(40)	(11)
Change in restricted cash for investing activities		(3)
Cash provided by (used in) investing activities	57	(564)
FINANCING ACTIVITIES
Financing costs		(4)
Issuances of debt		499
Draws on credit facility	449	250
Repayment of credit facility	(490)	(170)
Repurchase/redemption of senior notes		(500)
Mortgage debt and other prepayments and scheduled maturities	(120)
Common stock repurchase	(162)	(131)
Dividends on common stock	(300)	(348)
Other financing activities	(4)	(2)
Cash used in financing activities	(627)	(406)
Effects of exchange rate changes on cash held	3	(8)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	45	(429)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	221	666
CASH AND CASH EQUIVALENTS, END OF PERIOD	266	237
Supplemental disclosure of cash flow information:
Interest paid - periodic interest expense	68	85
Interest paid - debt extinguishments		15
Total interest paid	68	100
Income taxes paid	12	6
HOST HOTELS & RESORTS L.P.
OPERATING ACTIVITIES
NET INCOME	535	313
Adjustments to reconcile to cash provided by operations:
Depreciation and amortization	359	351
Amortization of finance costs, discounts and premiums, net	3	13
Non-cash loss on extinguishment of debt		6
Stock compensation expense	6	8
Deferred income taxes	13	(1)
Gain on sale of assets	(231)	(57)
(Gain) loss on foreign currency transactions and derivatives	(3)	2
Gain on property insurance settlement	(1)
Equity in earnings of affiliates	(11)	(26)
Change in due from managers	(67)	(60)
Distributions from equity investments	18	11
Changes in other assets	(2)	33
Changes in other liabilities	(7)	(44)
Cash provided by operating activities	612	549
INVESTING ACTIVITIES
Proceeds from sales of assets, net	441	174
Return of investment	9
Advances to and investments in affiliates	(1)	(2)
Acquisitions	(50)	(402)
Capital expenditures:
Renewals and replacements	(161)	(219)
Redevelopment and acquisition-related investments	(141)	(101)
Change in furniture, fixtures and equipment ("FF&E") replacement fund	(40)	(11)
Change in restricted cash for investing activities		(3)
Cash provided by (used in) investing activities	57	(564)
FINANCING ACTIVITIES
Financing costs		(4)
Issuances of debt		499
Draws on credit facility	449	250
Repayment of credit facility	(490)	(170)
Repurchase/redemption of senior notes		(500)
Mortgage debt and other prepayments and scheduled maturities	(120)
Repurchase of common OP units	(162)	(131)
Distributions on common OP units	(303)	(352)
Other financing activities	(1)	2
Cash used in financing activities	(627)	(406)
Effects of exchange rate changes on cash held	3	(8)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	45	(429)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	221	666
CASH AND CASH EQUIVALENTS, END OF PERIOD	266	237
Supplemental disclosure of cash flow information:
Interest paid - periodic interest expense	68	85
Interest paid - debt extinguishments		15
Total interest paid	68	100
Income taxes paid	$ 12	$ 6