Earnings Per Common Share (Unit) (Tables)

6 Months Ended

Jun. 30, 2017

The calculation of Host Inc. basic and diluted earnings per common share is shown below (in millions, except per share amounts):

	Quarter ended June 30,						Year-to-date ended June 30,
	2017			2016			2017			2016
Net income	$	212		$	351		$	373		$	535
Less: Net income attributable to non-controlling interests		(2	)		(4	)		(5	)		(6	)
Net income attributable to Host Inc.	$	210		$	347		$	368		$	529

Basic weighted average shares outstanding		738.6			744.0			738.3			746.8
Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market		0.2			0.3			0.2			0.3
Diluted weighted average shares outstanding		738.8			744.3			738.5			747.1

Basic earnings per common share	$	.28		$	.47		$	.50		$	.71
Diluted earnings per common share	$	.28		$	.47		$	.50		$	.71

The calculation of Host L.P. basic and diluted earnings per unit is shown below (in millions, except per unit amounts):

	Quarter ended June 30,				Year-to-date ended June 30,
	2017		2016		2017			2016
Net income	$	212	$	351	$	373		$	535
Less: Net (income) loss attributable to non- controlling interests		—		1		(1	)		1
Net income attributable to Host L.P.	$	212	$	352	$	372		$	536

Basic weighted average units outstanding		731.5		737.4		731.2			740.2
Assuming distribution of common units to support shares granted under the comprehensive stock plans, less shares assumed purchased at market		0.1		0.3		0.2			0.3
Diluted weighted average units outstanding		731.6		737.7		731.4			740.5

Basic earnings per common unit	$	.29	$	.48	$	.51		$	.72
Diluted earnings per common unit	$	.29	$	.48	$	.51		$	.72