CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015		Dec. 31, 2014
REVENUES
Rooms	$ 3,492	$ 3,465		$ 3,452
Food and beverage	1,599	1,568		1,546
Other	339	317		323
Total revenues	5,430	5,350		5,321
EXPENSES
Rooms	893	902		924
Food and beverage	1,114	1,110		1,109
Other departmental and support expenses	1,306	1,295		1,264
Management fees	236	226		227
Other property-level expenses	382	386		377
Depreciation and amortization	724	708		693
Corporate and other expenses	106	94		43
Gain on insurance and business interruption settlements	(15)	(2)		(10)
Total operating costs and expenses	4,746	4,719		4,627
OPERATING PROFIT	684	631		694
Interest income	3	4		4
Interest expense	(154)	(227)	[1]	(207)	[1]
Gain on sale of assets	253	95		236
Gain (loss) on foreign currency transactions and derivatives	4	(5)		(1)
Equity in earnings of affiliates	21	76		29
INCOME BEFORE INCOME TAXES	811	574		755
Provision for income taxes	(40)	(9)		(14)
NET INCOME	771	565		741
Less: Net (income) loss attributable to non-controlling interests	(9)	(7)		(9)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 762	$ 558		$ 732
Basic earnings per common share	$ 1.03	$ 0.74		$ 0.97
Diluted earnings per common share	$ 1.02	$ 0.74		$ 0.96
HOST HOTELS & RESORTS L.P.
REVENUES
Rooms	$ 3,492	$ 3,465		$ 3,452
Food and beverage	1,599	1,568		1,546
Other	339	317		323
Total revenues	5,430	5,350		5,321
EXPENSES
Rooms	893	902		924
Food and beverage	1,114	1,110		1,109
Other departmental and support expenses	1,306	1,295		1,264
Management fees	236	226		227
Other property-level expenses	382	386		377
Depreciation and amortization	724	708		693
Corporate and other expenses	106	94		43
Gain on insurance and business interruption settlements	(15)	(2)		(10)
Total operating costs and expenses	4,746	4,719		4,627
OPERATING PROFIT	684	631		694
Interest income	3	4		4
Interest expense	(154)	(227)		(207)
Gain on sale of assets	253	95		236
Gain (loss) on foreign currency transactions and derivatives	4	(5)		(1)
Equity in earnings of affiliates	21	76		29
INCOME BEFORE INCOME TAXES	811	574		755
Provision for income taxes	(40)	(9)		(14)
NET INCOME	771	565		741
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 771	$ 565		$ 741
Basic earnings per common share	$ 1.05	$ 0.76		$ 0.99
Diluted earnings per common share	$ 1.05	$ 0.76		$ 0.99

[1] Interest expense and interest paid for 2015 and 2014 include cash prepayment premiums of approximately $30 million and $2 million, respectively.