Host Hotels & Resorts (HST) 10-Q 2 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 31, 2017
Document And Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Trading Symbol	HST
Entity Registrant Name	HOST HOTELS & RESORTS, INC.
Entity Central Index Key	1,070,750
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		740,088,192
HOST HOTELS & RESORTS L.P.
Document And Entity Information [Line Items]
Entity Registrant Name	HOST HOTELS & RESORTS L.P.
Entity Central Index Key	1,061,937
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions		Sep. 30, 2017	Dec. 31, 2016
ASSETS
Property and equipment, net		$ 10,014	$ 10,145
Assets held for sale		67	150
Due from managers		116	55
Advances to and investments in affiliates		319	286
Furniture, fixtures and equipment replacement fund		183	173
Other		283	225
Restricted cash			2
Cash and cash equivalents		789	372
Total assets		11,771	11,408
Debt
Senior notes		2,777	2,380
Credit facility, including term loans of $996 million and $997 million, respectively		1,184	1,206
Mortgage debt and other			63
Total debt		3,961	3,649
Accounts payable and accrued expenses		250	278
Other		295	283
Total liabilities		4,506	4,210
Partnership interests		157	165
Host Hotels & Resorts, Inc. stockholders’ equity:
Common stock, par value $.01, 1,050 million shares authorized, 738.9 million shares and 737.8 million shares issued and outstanding, respectively		7	7
Additional paid-in capital		8,103	8,077
Accumulated other comprehensive loss		(57)	(83)
Deficit		(974)	(1,007)
Total equity of Host Hotels & Resorts, Inc. stockholders		7,079	6,994
Non-controlling interests—other consolidated partnerships		29	39
Total equity		7,108	7,033
Total liabilities, non-controlling interests and equity		11,771	11,408
Host Hotels & Resorts, L.P. capital:
Accumulated other comprehensive loss		(57)	(83)
HOST HOTELS & RESORTS L.P.
ASSETS
Property and equipment, net		10,014	10,145
Assets held for sale		67	150
Due from managers		116	55
Advances to and investments in affiliates		319	286
Furniture, fixtures and equipment replacement fund		183	173
Other		283	225
Restricted cash			2
Cash and cash equivalents		789	372
Total assets		11,771	11,408
Debt
Senior notes		2,777	2,380
Credit facility, including term loans of $996 million and $997 million, respectively		1,184	1,206
Mortgage debt and other			63
Total debt		3,961	3,649
Accounts payable and accrued expenses		250	278
Other		295	283
Total liabilities		4,506	4,210
Partnership interests	[1]	157	165
Host Hotels & Resorts, Inc. stockholders’ equity:
Accumulated other comprehensive loss		(57)	(83)
Total equity		7,108	7,033
Total liabilities, non-controlling interests and equity		11,771	11,408
Host Hotels & Resorts, L.P. capital:
General partner		1	1
Limited partner		7,135	7,076
Accumulated other comprehensive loss		(57)	(83)
Total Host Hotels & Resorts, L.P. capital		7,079	6,994
Non-controlling interests—consolidated partnerships		29	39
Total capital		$ 7,108	$ 7,033
[1]	The book value recorded is equal to the greater of redemption value or historical cost.

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (Unaudited) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Credit facility	$ 1,184	$ 1,206
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,050,000,000	1,050,000,000
Common stock, shares issued	738,900,000	737,800,000
Common stock, shares outstanding	738,900,000	737,800,000
HOST HOTELS & RESORTS L.P.
Credit facility	$ 1,184	$ 1,206
Term Loan
Credit facility	996	997
Term Loan | HOST HOTELS & RESORTS L.P.
Credit facility	$ 996	$ 997

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
REVENUES
Rooms	$ 860	$ 879	$ 2,643	$ 2,655
Food and beverage	314	336	1,152	1,183
Other	80	80	248	255
Total revenues	1,254	1,295	4,043	4,093
EXPENSES
Rooms	227	225	676	674
Food and beverage	242	257	794	830
Other departmental and support expenses	309	321	952	981
Management fees	53	54	178	177
Other property-level expenses	97	96	294	289
Depreciation and amortization	176	182	534	541
Corporate and other expenses	24	28	79	82
Gain on insurance and business interruption settlements	(1)	(12)	(6)	(15)
Total operating costs and expenses	1,127	1,151	3,501	3,559
OPERATING PROFIT	127	144	542	534
Interest income	2		4	2
Interest expense	(43)	(38)	(125)	(116)
Gain on sale of assets	59	14	105	245
Gain (loss) on foreign currency transactions and derivatives	(2)	(1)	(4)	1
Equity in earnings of affiliates	4	8	19	19
INCOME BEFORE INCOME TAXES	147	127	541	685
Provision for income taxes	(42)	(19)	(63)	(42)
NET INCOME	105	108	478	643
Less: Net (income) loss attributable to non-controlling interests	(1)	(1)	(6)	(7)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 104	$ 107	$ 472	$ 636
Basic earnings per common share	$ 0.14	$ 0.14	$ 0.64	$ 0.85
Diluted earnings per common share	$ 0.14	$ 0.14	$ 0.64	$ 0.85
HOST HOTELS & RESORTS L.P.
REVENUES
Rooms	$ 860	$ 879	$ 2,643	$ 2,655
Food and beverage	314	336	1,152	1,183
Other	80	80	248	255
Total revenues	1,254	1,295	4,043	4,093
EXPENSES
Rooms	227	225	676	674
Food and beverage	242	257	794	830
Other departmental and support expenses	309	321	952	981
Management fees	53	54	178	177
Other property-level expenses	97	96	294	289
Depreciation and amortization	176	182	534	541
Corporate and other expenses	24	28	79	82
Gain on insurance and business interruption settlements	(1)	(12)	(6)	(15)
Total operating costs and expenses	1,127	1,151	3,501	3,559
OPERATING PROFIT	127	144	542	534
Interest income	2		4	2
Interest expense	(43)	(38)	(125)	(116)
Gain on sale of assets	59	14	105	245
Gain (loss) on foreign currency transactions and derivatives	(2)	(1)	(4)	1
Equity in earnings of affiliates	4	8	19	19
INCOME BEFORE INCOME TAXES	147	127	541	685
Provision for income taxes	(42)	(19)	(63)	(42)
NET INCOME	105	108	478	643
Less: Net (income) loss attributable to non-controlling interests	1			1
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 106	$ 108	$ 478	$ 644
Basic earnings per common share	$ 0.14	$ 0.15	$ 0.65	$ 0.87
Diluted earnings per common share	$ 0.14	$ 0.15	$ 0.65	$ 0.87

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
NET INCOME	$ 105	$ 108	$ 478	$ 643
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation and other comprehensive income of unconsolidated affiliates	11	(1)	26	13
Change in fair value of derivative instruments	(4)		(14)	(2)
Amounts reclassified from other comprehensive income (loss)	13	(7)	14	17
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX	20	(8)	26	28
COMPREHENSIVE INCOME	125	100	504	671
Less: Comprehensive (income) loss attributable to non-controlling interests	(1)	(1)	(7)	(7)
COMPREHENSIVE INCOME ATTRIBUTABLE TO REPORTING ENTITY	124	99	497	664
HOST HOTELS & RESORTS L.P.
NET INCOME	105	108	478	643
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation and other comprehensive income of unconsolidated affiliates	11	(1)	26	13
Change in fair value of derivative instruments	(4)		(14)	(2)
Amounts reclassified from other comprehensive income (loss)	13	(7)	14	17
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX	20	(8)	26	28
COMPREHENSIVE INCOME	125	100	504	671
Less: Comprehensive (income) loss attributable to non-controlling interests	1		(1)	1
COMPREHENSIVE INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 126	$ 100	$ 503	$ 672

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
OPERATING ACTIVITIES
NET INCOME	$ 105	$ 108	$ 478	$ 643
Adjustments to reconcile to cash provided by operations:
Depreciation and amortization	176	182	534	541
Amortization of finance costs, discounts and premiums, net			5	4
Stock compensation expense			8	8
Deferred income taxes			37	29
Gain on sale of assets	(59)	(14)	(105)	(245)
(Gain) loss on foreign currency transactions and derivatives	2	1	4	(1)
Gain on property insurance settlement			(1)	(1)
Equity in earnings of affiliates	(4)	(8)	(19)	(19)
Change in due from managers			(60)	(63)
Distributions from investments in affiliates			14	20
Changes in other assets			(17)	(1)
Changes in other liabilities			(14)
Cash provided by operating activities			864	915
INVESTING ACTIVITIES
Proceeds from sales of assets, net			472	464
Return of investments in affiliates			4	23
Advances to and investments in affiliates			(1)	(4)
Acquisitions			(467)	(54)
Capital expenditures:
Renewals and replacements			(155)	(222)
Redevelopment and acquisition-related investments			(53)	(192)
Cash provided by (used in) investing activities			(200)	15
FINANCING ACTIVITIES
Financing costs			(9)
Issuances of debt			398
Draws on credit facility			340	598
Repayment of credit facility			(379)	(590)
Mortgage debt and other prepayments and scheduled maturities			(69)	(137)
Common stock repurchase				(206)
Dividends on common stock			(480)	(448)
Distributions and payments to non-controlling interests			(47)	(6)
Other financing activities			2
Cash used in financing activities			(244)	(789)
Effects of exchange rate changes on cash held			5	6
INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH			425	147
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD			547	377
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	972	524	972	524
Supplemental disclosure of cash flow information:
Cash and cash equivalents	789	340	789	340
Restricted cash		2		2
Cash included in furniture, fixtures and equipment replacement fund	183	182	183	182
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	972	524	972	524
Total interest paid			108	105
Income taxes paid			38	14
HOST HOTELS & RESORTS L.P.
OPERATING ACTIVITIES
NET INCOME	105	108	478	643
Adjustments to reconcile to cash provided by operations:
Depreciation and amortization	176	182	534	541
Amortization of finance costs, discounts and premiums, net			5	4
Stock compensation expense			8	8
Deferred income taxes			37	29
Gain on sale of assets	(59)	(14)	(105)	(245)
(Gain) loss on foreign currency transactions and derivatives	2	1	4	(1)
Gain on property insurance settlement			(1)	(1)
Equity in earnings of affiliates	(4)	(8)	(19)	(19)
Change in due from managers			(60)	(63)
Distributions from investments in affiliates			14	20
Changes in other assets			(17)	(1)
Changes in other liabilities			(14)
Cash provided by operating activities			864	915
INVESTING ACTIVITIES
Proceeds from sales of assets, net			472	464
Return of investments in affiliates			4	23
Advances to and investments in affiliates			(1)	(4)
Acquisitions			(467)	(54)
Capital expenditures:
Renewals and replacements			(155)	(222)
Redevelopment and acquisition-related investments			(53)	(192)
Cash provided by (used in) investing activities			(200)	15
FINANCING ACTIVITIES
Financing costs			(9)
Issuances of debt			398
Draws on credit facility			340	598
Repayment of credit facility			(379)	(590)
Mortgage debt and other prepayments and scheduled maturities			(69)	(137)
Repurchase of common OP units				(206)
Distributions on common OP units			(486)	(453)
Distributions and payments to non-controlling interests			(41)	(1)
Other financing activities			2
Cash used in financing activities			(244)	(789)
Effects of exchange rate changes on cash held			5	6
INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH			425	147
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD			547	377
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	972	524	972	524
Supplemental disclosure of cash flow information:
Cash and cash equivalents	789	340	789	340
Restricted cash		2		2
Cash included in furniture, fixtures and equipment replacement fund	183	182	183	182
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	$ 972	$ 524	972	524
Total interest paid			108	105
Income taxes paid			$ 38	$ 14

Organization

Organization	9 Months Ended
	Sep. 30, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization	1. Organization Description of Business Host Hotels & Resorts, Inc. operates as a self-managed and self-administered real estate investment trust (“REIT”), with its operations conducted solely through Host Hotels & Resorts, L.P. and its subsidiaries. Host Hotels & Resorts, L.P., a Delaware limited partnership, operates through an umbrella partnership structure, with Host Hotels & Resorts, Inc., a Maryland corporation, as its sole general partner. In the notes to these unaudited condensed consolidated financial statements, we use the terms “we” or “our” to refer to Host Hotels & Resorts, Inc. and Host Hotels & Resorts, L.P. together, unless the context indicates otherwise. We also use the term “Host Inc.” specifically to refer to Host Hotels & Resorts, Inc. and the term “Host L.P.” specifically to refer to Host Hotels & Resorts, L.P. in cases where it is important to distinguish between Host Inc. and Host L.P. As of September 30, 2017, Host Inc. holds approximately 99% of Host L.P.’s OP units. Consolidated Portfolio As of September 30, 2017, our consolidated portfolio, primarily consisting of luxury and upper upscale hotels, is located in the following countries: Hotels United States 88 Brazil 3 Canada 2 Mexico 1 Total 94 Joint Ventures We own a non-controlling interest in a joint venture in Europe (“Euro JV”) that owns hotels in two separate funds in seven countries. We own a 32.1% interest in the first fund (“Euro JV Fund I”) (3 hotels) and a 33.4% interest in the second fund (“Euro JV Fund II”) (7 hotels). We also own non-controlling interests in an additional six joint ventures that own eight hotels.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies We have condensed or omitted certain information and footnote disclosures normally included in financial statements presented in accordance with GAAP in the accompanying unaudited condensed consolidated financial statements. We believe the disclosures made herein are adequate to prevent the information presented from being misleading. However, the financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10–K for the year ended December 31, 2016. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. In our opinion, the accompanying unaudited condensed consolidated financial statements reflect all adjustments necessary to present fairly our financial position as of September 30, 2017, and the results of our operations for the quarter and year-to-date periods ended September 30, 2017 and 2016, respectively, and cash flows for the year-to-date periods ended September 30, 2017 and 2016, respectively. Interim results are not necessarily indicative of full year performance because of the impact of seasonal variations. Three of our partnerships are considered variable interest entities (VIEs) as the general partner maintains control over the decisions that most significantly impact the partnerships. This includes the operating partnership, Host L.P., which is consolidated by Host Inc., of which Host Inc. is the sole general partner and holds approximately 99% of its partnership interests; the consolidated partnership that owns the Houston Airport Marriott at George Bush Intercontinental; and the unconsolidated partnership that owns the Philadelphia Marriott Downtown. Host Inc.’s sole significant asset is its investment in Host L.P. and, consequently, substantially all of Host Inc.’s assets and liabilities consist of the assets and liabilities of Host L.P. All of Host Inc.’s debt is an obligation of Host L.P. and may be settled only with assets of Host L.P. Reclassifications Certain prior year financial statement amounts have been reclassified to conform with the current year presentation. New Accounting Standards In August 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2017-12, Derivatives and Hedging (Topic 815) In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805) In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230) In March 2016, the FASB issued ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). Income – Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20) In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842),

Earnings Per Common Share (Unit

Earnings Per Common Share (Unit)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Common Share (Unit)	3. Earnings Per Common Share (Unit) Basic earnings per common share (unit) is computed by dividing net income attributable to common stockholders (unitholders) by the weighted average number of shares of Host Inc. common stock or Host L.P. common units outstanding. Diluted earnings per common share (unit) is computed by dividing net income attributable to common stockholders (unitholders), as adjusted for potentially dilutive securities, by the weighted average number of shares of Host Inc. common stock or Host L.P. common units outstanding plus other potentially dilutive securities. Dilutive securities may include shares granted under comprehensive stock plans or the common OP units distributed to Host Inc. to support such shares granted, and other non-controlling interests that have the option to convert their limited partnership interests to common OP units. No effect is shown for any securities that are anti-dilutive. We have 8.3 million common OP units which are convertible into 8.5 million common shares which are not included in Host Inc.’s calculation of earnings per share as their effect is not dilutive. The calculation of Host Inc. basic and diluted earnings per common share is shown below (in millions, except per share amounts): Quarter ended September 30, Year-to-date ended September 30, 2017 2016 2017 2016 Net income $ 105 $ 108 $ 478 $ 643 Less: Net income attributable to non-controlling interests (1 ) (1 ) (6 ) (7 ) Net income attributable to Host Inc. $ 104 $ 107 $ 472 $ 636 Basic weighted average shares outstanding 738.8 740.6 738.5 744.8 Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market 0.2 0.5 0.2 0.4 Diluted weighted average shares outstanding 739.0 741.1 738.7 745.2 Basic earnings per common share $ .14 $ .14 $ .64 $ .85 Diluted earnings per common share $ .14 $ .14 $ .64 $ .85 The calculation of Host L.P. basic and diluted earnings per unit is shown below (in millions, except per unit amounts): Quarter ended September 30, Year-to-date ended September 30, 2017 2016 2017 2016 Net income $ 105 $ 108 $ 478 $ 643 Less: Net loss attributable to non-controlling interests 1 — — 1 Net income attributable to Host L.P. $ 106 $ 108 $ 478 $ 644 Basic weighted average units outstanding 731.6 733.8 731.4 738.1 Assuming distribution of common units to support shares granted under the comprehensive stock plans, less shares assumed purchased at market 0.2 0.5 0.2 0.4 Diluted weighted average units outstanding 731.8 734.3 731.6 738.5 Basic earnings per common unit $ .14 $ .15 $ .65 $ .87 Diluted earnings per common unit $ .14 $ .15 $ .65 $ .87

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2017
Property Plant And Equipment [Abstract]
Property and Equipment	4. Property and Equipment Property and equipment consists of the following (in millions): September 30, 2017 December 31, 2016 Land and land improvements $ 2,072 $ 2,047 Buildings and leasehold improvements 13,658 13,483 Furniture and equipment 2,362 2,377 Construction in progress 94 86 18,186 17,993 Less accumulated depreciation and amortization (8,172 ) (7,848 ) $ 10,014 $ 10,145

Debt

Debt	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Debt	5. Debt Credit Facility. During the quarter, we repaid A$50 million ($39 million) under the revolver portion of our credit facility. As of September 30, 2017, we had $807 million of available capacity under the revolver portion of our credit facility. Mortgage Debt . In connection with the sale of the Hilton Melbourne South Wharf hotel, we repaid the A$86 million ($69 million) mortgage loan secured by the property.

Equity of Host Inc. and Capital

Equity of Host Inc. and Capital of Host L.P.	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Equity of Host Inc. and Capital of Host L.P.	6. Equity of Host Inc. and Capital of Host L.P. Equity of Host Inc. Equity of Host Inc. is allocated between controlling and non-controlling interests as follows (in millions): Equity of Host Inc. Non-redeemable, non-controlling interests Total equity Redeemable, non-controlling interests Balance, December 31, 2016 $ 6,994 $ 39 $ 7,033 $ 165 Net income 472 — 472 6 Issuance of common stock for comprehensive stock plans 17 — 17 — Dividends declared on common stock (443 ) — (443 ) — Distributions to non-controlling interests — (14 ) (14 ) (5 ) Changes in ownership and other 14 3 17 (9 ) Other comprehensive income 25 1 26 — Balance, September 30, 2017 $ 7,079 $ 29 $ 7,108 $ 157 Capital of Host L.P. As of September 30, 2017, Host Inc. is the owner of approximately 99% of Host L.P.’s common OP units. The remaining common OP units are held by third party limited partners. Each common OP unit may be redeemed for cash or, at the election of Host Inc., Host Inc. common stock, based on the conversion ratio of 1.021494 shares of Host Inc. common stock for each common OP unit. In exchange for any shares issued by Host Inc., Host L.P. will issue common OP units to Host Inc. based on the applicable conversion ratio. Additionally, funds used by Host Inc. to pay dividends on its common stock are provided by distributions from Host L.P. Capital of Host L.P. is allocated between controlling and non-controlling interests as follows (in millions): Capital of Host L.P. Non-controlling interests Total capital Limited partnership interest of third parties Balance, December 31, 2016 $ 6,994 $ 39 $ 7,033 $ 165 Net income 472 — 472 6 Issuance of common OP units to Host Inc. for comprehensive stock plans 17 — 17 — Distributions declared on common OP units (443 ) — (443 ) (5 ) Distributions to non-controlling interests — (14 ) (14 ) — Changes in ownership and other 14 3 17 (9 ) Other comprehensive income 25 1 26 — Balance, September 30, 2017 $ 7,079 $ 29 $ 7,108 $ 157 Dividends/Distributions On September 18, 2017, Host Inc.’s Board of Directors declared a regular quarterly cash dividend of $0.20 per share on its common stock. The dividend was paid on October 16, 2017 to stockholders of record as of September 29, 2017. Accordingly, Host L.P. made a distribution of $0.2042988 per unit on its common OP units based on the current conversion ratio.

Dispositions

Dispositions	9 Months Ended
	Sep. 30, 2017
Disposal Group Not Discontinued Operation Disposal Disclosures [Abstract]
Dispositions	7. Dispositions During the third quarter 2017, we sold the Hilton Melbourne South Wharf for A$230 million ($184 million) and the Sheraton Indianapolis at Keystone Crossing for $66 million, and recorded a total gain of approximately $58 million. In connection with the sale of the Hilton Melbourne South Wharf, we recorded taxes of $22 million associated with the gain on sale. As of September 30, 2017, the Key Bridge Marriott has been classified as held for sale.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	8. Fair Value Measurements Derivatives and Hedging Foreign Investment Hedging Instruments. We have three foreign currency forward sale contracts in the aggregate notional amount of $70 million that hedge a portion of the foreign currency exposure resulting from the eventual repatriation of our Canadian dollar and euro net investments in foreign operations. These derivatives are considered hedges of the foreign currency exposure of a net investment in a foreign operation. The contracts are required to be measured at fair value on a recurring basis using significant other observable inputs (Level 2) in the GAAP fair value hierarchy. As a result, we recorded a liability of $4 million and an asset of $12 million as of September 30, 2017 and December 31, 2016, respectively, related to these foreign currency forward sale contracts. These contracts are marked-to-market with changes in fair value recorded to other comprehensive income (loss). We recorded losses of $4 million and $1 million for the quarters ended September 30, 2017 and 2016, respectively, and losses of $14 million and $3 million for the year-to-date periods ended September 30, 2017 and 2016, respectively. The foreign currency forward sale contracts are valued based on the forward yield curve of the foreign currency to U.S. dollar forward exchange rate on the date of measurement. We also evaluate counterparty credit risk when we calculate the fair value of the derivatives. In addition to the foreign currency forward sale contracts, we have designated $128 million of the foreign currency draws on our credit facility as hedges of net investments in foreign operations. Changes in fair value of the designated credit facility draws are recorded to other comprehensive income (loss). We recorded a loss of $4 million and a gain of $2 million for the quarters ended September 30, 2017 and 2016, respectively, and losses of $12 million and $5 million for the year-to-date periods ended September 30, 2017 and 2016, respectively. Other Liabilities Fair Value of Other Financial Liabilities. We did not elect the fair value measurement option for any of our other financial liabilities. The fair values of our secured debt and our credit facility are determined based on the expected future payments discounted at risk-adjusted rates. Our senior notes are valued based on quoted market prices. The fair values of financial instruments not included in this table are estimated to be equal to their carrying amounts. The fair value of certain financial liabilities is shown below (in millions): September 30, 2017 December 31, 2016 Carrying Amount Fair Value Carrying Amount Fair Value Financial liabilities Senior notes (Level 1) $ 2,777 $ 2,952 $ 2,380 $ 2,477 Credit facility (Level 2) 1,184 1,193 1,206 1,211 Mortgage debt and other, excluding capital leases (Level — — 62 62

Geographic Information

Geographic Information	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Geographic Information	9. Geographic Information We consider each of our hotels to be an operating segment, none of which meets the threshold for a reportable segment. We also allocate resources and assess operating performance based on individual hotels. All of our other real estate investment activities (primarily office buildings and apartments) are immaterial and, with our operating segments, meet the aggregation criteria, and thus, we report one segment: hotel ownership. Our consolidated foreign operations consist of hotels in three countries as of September 30, 2017. There were no intersegment sales during the periods presented. The following table presents total revenues and property and equipment for each of the geographical areas in which we operate (in millions): Revenues Revenues Property and Equipment, net Quarter ended September 30, Year-to-date ended September 30, September 30, December 31, 2017 2016 2017 2016 2017 2016 United States $ 1,225 $ 1,247 $ 3,947 $ 3,959 $ 9,864 $ 9,913 Australia 2 8 18 24 — 85 Brazil 5 15 16 29 62 63 Canada 16 16 42 40 73 71 Chile — — — 9 — — Mexico 6 6 20 21 15 13 New Zealand — 3 — 11 — — Total $ 1,254 $ 1,295 $ 4,043 $ 4,093 $ 10,014 $ 10,145

Non-Controlling Interests

Non-Controlling Interests	9 Months Ended
	Sep. 30, 2017
Noncontrolling Interest [Abstract]
Non-Controlling Interests	10. Non-controlling Interests Host Inc.’s treatment of the non-controlling interests of Host L.P.: Host Inc. adjusts the non-controlling interests of Host L.P. each period so that the amount presented equals the greater of its carrying value based on accumulated historical cost or its redemption value. The historical cost is based on the proportional relationship between the historical cost of equity held by our common stockholders relative to that of the unitholders of Host L.P. The redemption value is based on the amount of cash or Host Inc. common stock, at our option, that would be paid to the non-controlling interests of Host L.P. if it were terminated. Therefore, the redemption value of the common OP units is equivalent to the number of shares that would be issued upon conversion of the common OP units held by third parties valued at the market price of Host Inc. common stock at the balance sheet date. One common OP unit may be exchanged for 1.021494 shares of Host Inc. common stock. Non-controlling interests of Host L.P. are classified in the mezzanine section of our balance sheets as they do not meet the requirements for equity classification because the redemption feature requires the delivery of registered shares. The table below details the historical cost and redemption values for the non-controlling interests: September 30, 2017 December 31, 2016 Common OP units outstanding (millions) 8.3 8.6 Market price per Host Inc. common share $ 18.49 $ 18.84 Shares issuable upon conversion of one common OP unit 1.021494 1.021494 Redemption value (millions) $ 157 $ 165 Historical cost (millions) 82 84 Book value (millions) (1) 157 165 ___________ (1) The book value recorded is equal to the greater of redemption value or historical cost. Other Consolidated Partnerships. We consolidate three majority-owned partnerships that have third-party, non-controlling partners. The third-party partnership interests are included in non-controlling interests — other consolidated partnerships on the balance sheets and totaled $29 million and $39 million as of September 30, 2017 and December 31, 2016, respectively

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2017
Loss Contingency [Abstract]
Contingencies	11. Contingencies All of our hotels in Houston and Florida were affected by Hurricanes Harvey and Irma in August and September 2017, respectively. All four of our hotels in Houston were able to remain operational during the hurricane. In Florida, due to evacuation mandates and loss of commercial power, seven of the nine properties were closed for a period of time. We are still evaluating the property and business interruption impact to our hotels. However, our current estimate of the book value of the property and equipment written off, and the related repairs and cleanup costs, is approximately $31 million and have recorded a corresponding insurance receivable of $31 million. We believe our insurance coverage should be sufficient to cover a substantial portion of the property damage to the hotels and the near-term loss of business.

Legal Proceedings

Legal Proceedings	9 Months Ended
	Sep. 30, 2017
Commitments And Contingencies Disclosure [Abstract]
Legal Proceedings	12. Legal Proceedings We are involved in various legal proceedings in the normal course of business regarding the operation of our hotels and company matters. To the extent not covered by insurance, these legal proceedings generally fall into the following broad categories: disputes involving hotel-level contracts, employment litigation, compliance with laws such as the Americans with Disabilities Act, tax disputes and other general matters. Under our management agreements, our operators have broad latitude to resolve individual hotel-level claims for amounts generally less than $150,000. However, for matters exceeding such threshold, our operators may not settle claims without our consent. Based on our analysis of legal proceedings with which we currently are involved or of which we are aware and our experience in resolving similar claims in the past, we have accrued approximately $4 million as of September 30, 2017 related to such claims. We have estimated that, in the aggregate, our losses related to these proceedings could be as much as $17 million. We believe this range represents the maximum potential loss for all our legal proceedings. We are not aware of any other matters with a reasonably possible unfavorable outcome for which disclosure of a loss contingency is required. No assurances can be given as to the outcome of any pending legal proceedings.

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Reclassifications	Reclassifications Certain prior year financial statement amounts have been reclassified to conform with the current year presentation.
New Accounting Standards	New Accounting Standards In August 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2017-12, Derivatives and Hedging (Topic 815) In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805) In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230) In March 2016, the FASB issued ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). Income – Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20) In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842),

Organization (Tables)

Organization (Tables)	9 Months Ended
	Sep. 30, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Consolidated Portfolio of Hotels by Location	As of September 30, 2017, our consolidated portfolio, primarily consisting of luxury and upper upscale hotels, is located in the following countries: Hotels United States 88 Brazil 3 Canada 2 Mexico 1 Total 94

Earnings Per Common Share (Un21

Earnings Per Common Share (Unit) (Tables)	9 Months Ended
	Sep. 30, 2017
Earnings Per Common Share (Unit)	The calculation of Host Inc. basic and diluted earnings per common share is shown below (in millions, except per share amounts): Quarter ended September 30, Year-to-date ended September 30, 2017 2016 2017 2016 Net income $ 105 $ 108 $ 478 $ 643 Less: Net income attributable to non-controlling interests (1 ) (1 ) (6 ) (7 ) Net income attributable to Host Inc. $ 104 $ 107 $ 472 $ 636 Basic weighted average shares outstanding 738.8 740.6 738.5 744.8 Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market 0.2 0.5 0.2 0.4 Diluted weighted average shares outstanding 739.0 741.1 738.7 745.2 Basic earnings per common share $ .14 $ .14 $ .64 $ .85 Diluted earnings per common share $ .14 $ .14 $ .64 $ .85
HOST HOTELS & RESORTS L.P.
Earnings Per Common Share (Unit)	The calculation of Host L.P. basic and diluted earnings per unit is shown below (in millions, except per unit amounts): Quarter ended September 30, Year-to-date ended September 30, 2017 2016 2017 2016 Net income $ 105 $ 108 $ 478 $ 643 Less: Net loss attributable to non-controlling interests 1 — — 1 Net income attributable to Host L.P. $ 106 $ 108 $ 478 $ 644 Basic weighted average units outstanding 731.6 733.8 731.4 738.1 Assuming distribution of common units to support shares granted under the comprehensive stock plans, less shares assumed purchased at market 0.2 0.5 0.2 0.4 Diluted weighted average units outstanding 731.8 734.3 731.6 738.5 Basic earnings per common unit $ .14 $ .15 $ .65 $ .87 Diluted earnings per common unit $ .14 $ .15 $ .65 $ .87

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2017
Property Plant And Equipment [Abstract]
Property and Equipment	Property and equipment consists of the following (in millions): September 30, 2017 December 31, 2016 Land and land improvements $ 2,072 $ 2,047 Buildings and leasehold improvements 13,658 13,483 Furniture and equipment 2,362 2,377 Construction in progress 94 86 18,186 17,993 Less accumulated depreciation and amortization (8,172 ) (7,848 ) $ 10,014 $ 10,145

Equity of Host Inc. and Capit23

Equity of Host Inc. and Capital of Host L.P. (Tables)	9 Months Ended
	Sep. 30, 2017
HOST HOTELS & RESORTS, INC.
Equity Allocation between Controlling and Non-Controlling Interests	Equity of Host Inc. is allocated between controlling and non-controlling interests as follows (in millions): Equity of Host Inc. Non-redeemable, non-controlling interests Total equity Redeemable, non-controlling interests Balance, December 31, 2016 $ 6,994 $ 39 $ 7,033 $ 165 Net income 472 — 472 6 Issuance of common stock for comprehensive stock plans 17 — 17 — Dividends declared on common stock (443 ) — (443 ) — Distributions to non-controlling interests — (14 ) (14 ) (5 ) Changes in ownership and other 14 3 17 (9 ) Other comprehensive income 25 1 26 — Balance, September 30, 2017 $ 7,079 $ 29 $ 7,108 $ 157
HOST HOTELS & RESORTS L.P.
Capital Allocation between Controlling and Non-Controlling Interests	Capital of Host L.P. is allocated between controlling and non-controlling interests as follows (in millions): Capital of Host L.P. Non-controlling interests Total capital Limited partnership interest of third parties Balance, December 31, 2016 $ 6,994 $ 39 $ 7,033 $ 165 Net income 472 — 472 6 Issuance of common OP units to Host Inc. for comprehensive stock plans 17 — 17 — Distributions declared on common OP units (443 ) — (443 ) (5 ) Distributions to non-controlling interests — (14 ) (14 ) — Changes in ownership and other 14 3 17 (9 ) Other comprehensive income 25 1 26 — Balance, September 30, 2017 $ 7,079 $ 29 $ 7,108 $ 157

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Fair Values of Certain Financial Liabilities and Other Financial Instruments	The fair value of certain financial liabilities is shown below (in millions): September 30, 2017 December 31, 2016 Carrying Amount Fair Value Carrying Amount Fair Value Financial liabilities Senior notes (Level 1) $ 2,777 $ 2,952 $ 2,380 $ 2,477 Credit facility (Level 2) 1,184 1,193 1,206 1,211 Mortgage debt and other, excluding capital leases (Level — — 62 62

Geographic Information (Tables)

Geographic Information (Tables)	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Revenues and Long-Lived Assets by Geographical Area	The following table presents total revenues and property and equipment for each of the geographical areas in which we operate (in millions): Revenues Revenues Property and Equipment, net Quarter ended September 30, Year-to-date ended September 30, September 30, December 31, 2017 2016 2017 2016 2017 2016 United States $ 1,225 $ 1,247 $ 3,947 $ 3,959 $ 9,864 $ 9,913 Australia 2 8 18 24 — 85 Brazil 5 15 16 29 62 63 Canada 16 16 42 40 73 71 Chile — — — 9 — — Mexico 6 6 20 21 15 13 New Zealand — 3 — 11 — — Total $ 1,254 $ 1,295 $ 4,043 $ 4,093 $ 10,014 $ 10,145

Non-controlling Interests (Tabl

Non-controlling Interests (Tables)	9 Months Ended
	Sep. 30, 2017
Noncontrolling Interest [Abstract]
Historical Cost and Redemption Values for the Non-Controlling Interests	The table below details the historical cost and redemption values for the non-controlling interests: September 30, 2017 December 31, 2016 Common OP units outstanding (millions) 8.3 8.6 Market price per Host Inc. common share $ 18.49 $ 18.84 Shares issuable upon conversion of one common OP unit 1.021494 1.021494 Redemption value (millions) $ 157 $ 165 Historical cost (millions) 82 84 Book value (millions) (1) 157 165 ___________ (1) The book value recorded is equal to the greater of redemption value or historical cost.

Organization - Additional Infor

Organization - Additional Information (Detail)	Sep. 30, 2017HotelFundCountryJointVenture
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Number of hotels	94
European Joint Venture
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Number of funds | Fund	2
Foreign operations, number of countries | Country	7
European Joint Venture | Fund I
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Investment ownership percentage	32.10%
Number of hotels	3
European Joint Venture | Fund II
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Investment ownership percentage	33.40%
Number of hotels	7
Other Joint Venture
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Number of hotels	8
Number of joint ventures | JointVenture	6
HOST HOTELS & RESORTS, INC.
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Percentage of the common OP units	99.00%

Consolidated Portfolio of Hotel

Consolidated Portfolio of Hotels by Location (Detail)	Sep. 30, 2017Hotel
Real Estate Properties [Line Items]
Hotels	94
United States
Real Estate Properties [Line Items]
Hotels	88
Brazil
Real Estate Properties [Line Items]
Hotels	3
Canada
Real Estate Properties [Line Items]
Hotels	2
Mexico
Real Estate Properties [Line Items]
Hotels	1

Summary of Significant Accoun29

Summary of Significant Accounting Policies - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2017USD ($)GroundLease
ASU 2016-02
Significant Accounting Policies [Line Items]
Number of ground leases | GroundLease	25
Percentage of annual operating lease payments	85.00%
ASU 2016-02 | Asset | Minimum
Significant Accounting Policies [Line Items]
Adjustment applied due to new accounting principle in period of adoption	$ 400,000,000
ASU 2016-02 | Asset | Maximum
Significant Accounting Policies [Line Items]
Adjustment applied due to new accounting principle in period of adoption	500,000,000
ASU 2016-02 | Liability | Minimum
Significant Accounting Policies [Line Items]
Adjustment applied due to new accounting principle in period of adoption	400,000,000
ASU 2016-02 | Liability | Maximum
Significant Accounting Policies [Line Items]
Adjustment applied due to new accounting principle in period of adoption	$ 500,000,000
HOST HOTELS & RESORTS, INC.
Significant Accounting Policies [Line Items]
Percentage of the common OP units	99.00%
HOST HOTELS & RESORTS, INC. | Sole General Partner | Variable Interest Entities
Significant Accounting Policies [Line Items]
Percentage of the common OP units	99.00%

Earnings Per Common Share (Un30

Earnings Per Common Share (Unit) - Additional Information (Detail) - HOST HOTELS & RESORTS, INC. shares in Millions	9 Months Ended
	Sep. 30, 2017shares
Shares Subject To Mandatory Redemption By Settlement Terms [Line Items]
Common OP units outstanding	8.3
Number of common shares that would be outstanding if OP units were converted	8.5

Host Inc. Earnings (Loss) Per C

Host Inc. Earnings (Loss) Per Common Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Earnings Per Share [Abstract]
NET INCOME	$ 105	$ 108	$ 478	$ 643
Less: Net (income) loss attributable to non-controlling interests	(1)	(1)	(6)	(7)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 104	$ 107	$ 472	$ 636
Basic weighted average shares outstanding	738.8	740.6	738.5	744.8
Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market	0.2	0.5	0.2	0.4
Diluted weighted average shares/units outstanding	739	741.1	738.7	745.2
Basic earnings per common share	$ 0.14	$ 0.14	$ 0.64	$ 0.85
Diluted earnings per common share	$ 0.14	$ 0.14	$ 0.64	$ 0.85

Host LP Earnings (Loss) Per Com

Host LP Earnings (Loss) Per Common Unit (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Earnings Per Share Diluted [Line Items]
NET INCOME	$ 105	$ 108	$ 478	$ 643
Less: Net (income) loss attributable to non-controlling interests	(1)	(1)	(6)	(7)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 104	$ 107	$ 472	$ 636
Basic weighted average shares outstanding	738.8	740.6	738.5	744.8
Assuming distribution of common units to support shares granted under the comprehensive stock plans, less shares assumed purchased at market	0.2	0.5	0.2	0.4
Diluted weighted average shares/units outstanding	739	741.1	738.7	745.2
Basic earnings per common share	$ 0.14	$ 0.14	$ 0.64	$ 0.85
Diluted earnings per common share	$ 0.14	$ 0.14	$ 0.64	$ 0.85
HOST HOTELS & RESORTS L.P.
Earnings Per Share Diluted [Line Items]
NET INCOME	$ 105	$ 108	$ 478	$ 643
Less: Net (income) loss attributable to non-controlling interests	1			1
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 106	$ 108	$ 478	$ 644
Basic weighted average shares outstanding	731.6	733.8	731.4	738.1
Assuming distribution of common units to support shares granted under the comprehensive stock plans, less shares assumed purchased at market	0.2	0.5	0.2	0.4
Diluted weighted average shares/units outstanding	731.8	734.3	731.6	738.5
Basic earnings per common share	$ 0.14	$ 0.15	$ 0.65	$ 0.87
Diluted earnings per common share	$ 0.14	$ 0.15	$ 0.65	$ 0.87

Summary of Property and Equipme

Summary of Property and Equipment (Detail) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Property Plant And Equipment [Abstract]
Land and land improvements	$ 2,072	$ 2,047
Buildings and leasehold improvements	13,658	13,483
Furniture and equipment	2,362	2,377
Construction in progress	94	86
Property, Plant and Equipment, Gross, Total	18,186	17,993
Less accumulated depreciation and amortization	(8,172)	(7,848)
Property and equipment, net	$ 10,014	$ 10,145

Debt - Additional Information (

Debt - Additional Information (Detail) AUD in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2017AUD	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)
Debt Instrument [Line Items]
Repayment of line of credit facility			$ 379	$ 590
Repayment of mortgage loan			69	$ 137
Hilton Melbourne South Wharf Hotel mortgage loan
Debt Instrument [Line Items]
Repayment of mortgage loan	$ 69	AUD 86
Revolver
Debt Instrument [Line Items]
Repayment of line of credit facility	39	AUD 50
Line of credit facility remaining borrowing capacity	$ 807		$ 807

Equity Allocation between Contr

Equity Allocation between Controlling and Non-Controlling Interests (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Stockholders Equity Note [Line Items]
Beginning Balance			$ 7,033
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 104	$ 107	472	$ 636
Other comprehensive income	20	$ (8)	26	$ 28
Ending Balance	7,108		7,108
HOST HOTELS & RESORTS, INC.
Stockholders Equity Note [Line Items]
Beginning Balance			7,033
Net income			472
Issuance of common stock for comprehensive stock plans			17
Dividends declared on common stock			(443)
Distributions to non-controlling interests			(14)
Changes in ownership and other			17
Other comprehensive income			26
Ending Balance	7,108		7,108
HOST HOTELS & RESORTS, INC. | Parent
Stockholders Equity Note [Line Items]
Beginning Balance			6,994
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY			472
Issuance of common stock for comprehensive stock plans			17
Dividends declared on common stock			(443)
Changes in ownership and other			14
Other comprehensive income			25
Ending Balance	7,079		7,079
HOST HOTELS & RESORTS, INC. | Non-redeemable, non-controlling interest
Stockholders Equity Note [Line Items]
Beginning Balance			39
Distributions to non-controlling interests			(14)
Changes in ownership and other			3
Other comprehensive income			1
Ending Balance	29		29
HOST HOTELS & RESORTS, INC. | Redeemable non-controlling interests
Stockholders Equity Note [Line Items]
Beginning Balance			165
Net income			6
Distributions to non-controlling interests			(5)
Changes in ownership and other			(9)
Ending Balance	$ 157		$ 157

Equity of Host Inc. and Capit36

Equity of Host Inc. and Capital of Host L.P. - Additional Information (Detail)	Sep. 18, 2017$ / shares	Sep. 30, 2017$ / shares	Dec. 31, 2016
HOST HOTELS & RESORTS, INC.
Stockholders Equity Note [Line Items]
Percentage of the common OP units		99.00%
Dividend declaration date	Sep. 18, 2017
Dividend per share, declared	$ 0.20
Dividend paid date	Oct. 16, 2017
Dividend record date	Sep. 29, 2017
HOST HOTELS & RESORTS L.P.
Stockholders Equity Note [Line Items]
Shares issuable upon conversion of one common OP unit		1.021494	1.021494
Common OP units, distribution paid		$ 0.2042988

Capital Allocation between Cont

Capital Allocation between Controlling and Non-Controlling Interests (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Limited Partners Capital Account [Line Items]
Beginning Balance			$ 7,033
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 104	$ 107	472	$ 636
Other comprehensive income	20	(8)	26	28
Ending Balance	7,108		7,108
HOST HOTELS & RESORTS L.P.
Limited Partners Capital Account [Line Items]
Beginning Balance			7,033
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	106	108	478	644
Net income			472
Issuance of common stock for comprehensive stock plans			17
Distributions declared on common OP units			(443)
Distributions to non-controlling interests			(14)
Changes in ownership and other			17
Other comprehensive income	20	$ (8)	26	$ 28
Ending Balance	7,108		7,108
HOST HOTELS & RESORTS L.P. | Parent
Limited Partners Capital Account [Line Items]
Beginning Balance			6,994
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY			472
Issuance of common stock for comprehensive stock plans			17
Distributions declared on common OP units			(443)
Changes in ownership and other			14
Other comprehensive income			25
Ending Balance	7,079		7,079
HOST HOTELS & RESORTS L.P. | Non-controlling Interests
Limited Partners Capital Account [Line Items]
Beginning Balance			39
Distributions to non-controlling interests			(14)
Changes in ownership and other			3
Other comprehensive income			1
Ending Balance	29		29
HOST HOTELS & RESORTS L.P. | Limited partnership interests of third parties
Limited Partners Capital Account [Line Items]
Beginning Balance			165
Net income			6
Distributions declared on common OP units			(5)
Changes in ownership and other			(9)
Ending Balance	$ 157		$ 157

Dispositions - Additional Infor

Dispositions - Additional Information (Detail) AUD in Millions, $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2017AUD	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sales of assets, net				$ 472	$ 464
Total gain on sale of assets	$ 59		$ 14	$ 105	$ 245
Hilton Melbourne South Wharf Hotel
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sales of assets, net	184	AUD 230
Tax effect of disposition	22
Sheraton Indianapolis Hotel at Keystone Crossing
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sales of assets, net	66
Hilton Melbourne South Wharf Hotel and Sheraton Indianapolis Hotel
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Total gain on sale of assets	$ 58

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)Contract	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)Contract	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Credit facility	$ 1,184		$ 1,184		$ 1,206
Foreign currency translation and other comprehensive income (loss) of unconsolidated affiliates	11	$ (1)	26	$ 13
Designated as Hedging Instrument
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Credit facility	128		128
Foreign currency translation and other comprehensive income (loss) of unconsolidated affiliates	$ (4)	2	$ (12)	(5)
Foreign currency forward sale contracts
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Number of foreign currency forward contracts outstanding | Contract	3		3
Aggregate notional amount	$ 70		$ 70
Change in fair value losses	(4)	$ (1)	(14)	$ (3)
Financial assets and liabilities measured on recurring basis | Significant Other Observable Inputs (Level 2) | Foreign currency forward sale contracts
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value of derivative assets					$ 12
Fair value of derivative liability	$ 4		$ 4

Fair Values of Certain Financia

Fair Values of Certain Financial Liabilities and Other Financial Instruments (Detail) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Financial liabilities
Senior notes	$ 2,777	$ 2,380
Credit facility, carrying value	1,184	1,206
Mortgage debt and other, excluding capital leases, carrying value		62
Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial liabilities
Senior notes (Level 1), fair value	2,952	2,477
Significant Other Observable Inputs (Level 2)
Financial liabilities
Credit facility (Level 2), fair value	$ 1,193	1,211
Significant Other Observable Inputs (Level 2) | Mortgage debt and other, excluding capital leases
Financial liabilities
Mortgage debt and other, excluding capital leases (Level 2), fair value		$ 62

Geographic Information - Additi

Geographic Information - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2017CountrySegment
Segment Reporting Information [Line Items]
Number of operating segments | Segment	1
Non-US
Segment Reporting Information [Line Items]
Foreign operations, number of countries | Country	3

Revenues and Long-Lived Assets

Revenues and Long-Lived Assets by Geographical Area (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Segment Reporting Information [Line Items]
Revenues	$ 1,254	$ 1,295	$ 4,043	$ 4,093
Property and equipment, net	10,014		10,014		$ 10,145
United States
Segment Reporting Information [Line Items]
Revenues	1,225	1,247	3,947	3,959
Property and equipment, net	9,864		9,864		9,913
Australia
Segment Reporting Information [Line Items]
Revenues	2	8	18	24
Property and equipment, net					85
Brazil
Segment Reporting Information [Line Items]
Revenues	5	15	16	29
Property and equipment, net	62		62		63
Canada
Segment Reporting Information [Line Items]
Revenues	16	16	42	40
Property and equipment, net	73		73		71
Chile
Segment Reporting Information [Line Items]
Revenues				9
Mexico
Segment Reporting Information [Line Items]
Revenues	6	6	20	21
Property and equipment, net	$ 15		$ 15		$ 13
New Zealand
Segment Reporting Information [Line Items]
Revenues		$ 3		$ 11

Non-Controlling Interests - Add

Non-Controlling Interests - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2017USD ($)Entity	Dec. 31, 2016USD ($)
Minority Interest [Line Items]
Number of majority-owned partnerships that have third-party, non-controlling partners that have been consolidated | Entity	3
Non-controlling interests—other consolidated partnerships | $	$ 29	$ 39
HOST HOTELS & RESORTS L.P.
Minority Interest [Line Items]
OP units conversion basis	One common OP unit may be exchanged for 1.021494 shares of Host Inc
Shares issuable upon conversion of one OP unit	1.021494	1.021494

Historical Cost and Redemption

Historical Cost and Redemption Values for Non-Controlling Interests (Detail) $ / shares in Units, shares in Millions, $ in Millions		Sep. 30, 2017USD ($)$ / sharesshares	Dec. 31, 2016USD ($)$ / sharesshares
Shares Subject To Mandatory Redemption By Settlement Terms [Line Items]
Book value (millions)		$ 157	$ 165
HOST HOTELS & RESORTS L.P.
Shares Subject To Mandatory Redemption By Settlement Terms [Line Items]
Common OP units outstanding | shares		8.3	8.6
Market price per Host Inc. common share | $ / shares		$ 18.49	$ 18.84
Shares issuable upon conversion of one common OP unit		1.021494	1.021494
Redemption value (millions)		$ 157	$ 165
Historical cost (millions)		82	84
Book value (millions)	[1]	$ 157	$ 165
[1]	The book value recorded is equal to the greater of redemption value or historical cost.

Contingencies - Additional Info

Contingencies - Additional Information (Detail) $ in Millions	Sep. 30, 2017USD ($)Hotel	Aug. 31, 2017Hotel
Hurricanes Harvey and Irma
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss | $	$ 31
Insurance receivable | $	$ 31
Houston | Hurricane Harvey
Loss Contingencies [Line Items]
Number of hotels affected		4
Florida | Hurricane Irma
Loss Contingencies [Line Items]
Number of hotels affected	9
Number of hotels closed for a period of time	7

Legal Proceedings - Additional

Legal Proceedings - Additional Information (Detail)	Sep. 30, 2017USD ($)
Loss Contingencies [Line Items]
Loss contingency accrual	$ 4,000,000
Maximum
Loss Contingencies [Line Items]
Estimate of possible losses	17,000,000
Other Litigation Cases
Loss Contingencies [Line Items]
Estimate of possible losses	$ 150,000