Host Hotels & Resorts (HST) 10-Q 5 Nov 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Nov. 01, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,018
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 Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		742,062,448
HOST HOTELS & RESORTS L.P.
Document 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
Entity Small Business	false
Entity Emerging Growth Company	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions		Sep. 30, 2018	Dec. 31, 2017
ASSETS
Property and equipment, net		$ 9,775	$ 9,692
Assets held for sale		274	250
Due from managers		141	79
Advances to and investments in affiliates		320	327
Furniture, fixtures and equipment replacement fund		205	195
Other		171	237
Cash and cash equivalents		1,269	913
Total assets		12,155	11,693
Debt
Senior notes		2,781	2,778
Credit facility, including term loans of $997 and $996, respectively		1,292	1,170
Other debt		6	6
Total debt		4,079	3,954
Accounts payable and accrued expenses		265	283
Other		246	287
Total liabilities		4,590	4,524
Partnership interests		170	167
Host Hotels & Resorts, Inc. stockholders’ equity:
Common stock, par value $.01, 1,050 million shares authorized, 740 million shares and 739.1 million shares issued and outstanding, respectively		7	7
Additional paid-in capital		8,108	8,097
Accumulated other comprehensive loss		(65)	(60)
Deficit		(728)	(1,071)
Total equity of Host Hotels & Resorts, Inc. stockholders		7,322	6,973
Non-controlling interests—other consolidated partnerships		73	29
Total equity		7,395	7,002
Total liabilities, non-controlling interests and equity		12,155	11,693
Host Hotels & Resorts, L.P. capital:
Accumulated other comprehensive loss		(65)	(60)
HOST HOTELS & RESORTS L.P.
ASSETS
Property and equipment, net		9,775	9,692
Assets held for sale		274	250
Due from managers		141	79
Advances to and investments in affiliates		320	327
Furniture, fixtures and equipment replacement fund		205	195
Other		171	237
Cash and cash equivalents		1,269	913
Total assets		12,155	11,693
Debt
Senior notes		2,781	2,778
Credit facility, including term loans of $997 and $996, respectively		1,292	1,170
Other debt		6	6
Total debt		4,079	3,954
Accounts payable and accrued expenses		265	283
Other		246	287
Total liabilities		4,590	4,524
Partnership interests	[1]	170	167
Host Hotels & Resorts, Inc. stockholders’ equity:
Accumulated other comprehensive loss		(65)	(60)
Total equity		7,395	7,002
Total liabilities, non-controlling interests and equity		12,155	11,693
Host Hotels & Resorts, L.P. capital:
General partner		1	1
Limited partner		7,386	7,032
Accumulated other comprehensive loss		(65)	(60)
Total Host Hotels & Resorts, L.P. capital		7,322	6,973
Non-controlling interests—consolidated partnerships		73	29
Total capital		$ 7,395	$ 7,002
[1]	The book value recorded is equal to the greater of redemption value or historical cost.

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (Unaudited) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Credit facility	$ 1,292	$ 1,170
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,050,000,000	1,050,000,000
Common stock, shares issued	740,000,000	739,100,000
Common stock, shares outstanding	740,000,000	739,100,000
Term Loan
Credit facility	$ 997	$ 996

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
REVENUES
Revenues	$ 1,299	$ 1,254	$ 4,163	$ 4,043
EXPENSES
Other property-level expenses	90	97	287	294
Depreciation and amortization	412	176	779	534
Corporate and other expenses	24	24	82	79
Gain on insurance and business interruption settlements		(1)		(6)
Total operating costs and expenses	1,391	1,127	3,821	3,501
OPERATING PROFIT (LOSS)	(92)	127	342	542
Interest income	3	2	8	4
Interest expense	(45)	(43)	(134)	(125)
Gain on sale of assets	547	59	667	105
Gain (loss) on foreign currency transactions and derivatives	1	(2)		(4)
Equity in earnings of affiliates	6	4	25	19
INCOME BEFORE INCOME TAXES	420	147	908	541
Provision for income taxes	(42)	(42)	(63)	(63)
NET INCOME	378	105	845	478
Less: Net (income) loss attributable to non-controlling interests	(56)	(1)	(61)	(6)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 322	$ 104	$ 784	$ 472
Basic earnings per common share	$ 0.43	$ 0.14	$ 1.06	$ 0.64
Diluted earnings per common share	$ 0.43	$ 0.14	$ 1.06	$ 0.64
HOST HOTELS & RESORTS L.P.
REVENUES
Revenues	$ 1,299	$ 1,254	$ 4,163	$ 4,043
EXPENSES
Other property-level expenses	90	97	287	294
Depreciation and amortization	412	176	779	534
Corporate and other expenses	24	24	82	79
Gain on insurance and business interruption settlements		(1)		(6)
Total operating costs and expenses	1,391	1,127	3,821	3,501
OPERATING PROFIT (LOSS)	(92)	127	342	542
Interest income	3	2	8	4
Interest expense	(45)	(43)	(134)	(125)
Gain on sale of assets	547	59	667	105
Gain (loss) on foreign currency transactions and derivatives	1	(2)		(4)
Equity in earnings of affiliates	6	4	25	19
INCOME BEFORE INCOME TAXES	420	147	908	541
Provision for income taxes	(42)	(42)	(63)	(63)
NET INCOME	378	105	845	478
Less: Net (income) loss attributable to non-controlling interests	(53)	1	(53)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 325	$ 106	$ 792	$ 478
Basic earnings per common share	$ 0.44	$ 0.14	$ 1.08	$ 0.65
Diluted earnings per common share	$ 0.44	$ 0.14	$ 1.08	$ 0.65
Rooms
REVENUES
Revenues	$ 874	$ 860	$ 2,691	$ 2,643
EXPENSES
Expenses	234	227	696	676
Rooms | HOST HOTELS & RESORTS L.P.
REVENUES
Revenues	874	860	2,691	2,643
EXPENSES
Expenses	234	227	696	676
Food and Beverage
REVENUES
Revenues	337	314	1,199	1,152
EXPENSES
Expenses	254	242	822	794
Food and Beverage | HOST HOTELS & RESORTS L.P.
REVENUES
Revenues	337	314	1,199	1,152
EXPENSES
Expenses	254	242	822	794
Other Departmental and Support Expenses
REVENUES
Revenues	88	80	273	248
EXPENSES
Expenses	321	309	972	952
Other Departmental and Support Expenses | HOST HOTELS & RESORTS L.P.
REVENUES
Revenues	88	80	273	248
EXPENSES
Expenses	321	309	972	952
Management Fees
EXPENSES
Expenses	56	53	183	178
Management Fees | HOST HOTELS & RESORTS L.P.
EXPENSES
Expenses	$ 56	$ 53	$ 183	$ 178

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
NET INCOME	$ 378	$ 105	$ 845	$ 478
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation and other comprehensive income (loss) of unconsolidated affiliates	(2)	11	(10)	26
Change in fair value of derivative instruments	0	(4)	0	(14)
Amounts reclassified from other comprehensive income (loss)	5	13	5	14
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX	3	20	(5)	26
COMPREHENSIVE INCOME	381	125	840	504
Less: Comprehensive (income) loss attributable to non-controlling interests	(56)	(1)	(61)	(7)
COMPREHENSIVE INCOME ATTRIBUTABLE TO REPORTING ENTITY	325	124	779	497
HOST HOTELS & RESORTS L.P.
NET INCOME	378	105	845	478
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation and other comprehensive income (loss) of unconsolidated affiliates	(2)	11	(10)	26
Change in fair value of derivative instruments	0	(4)	0	(14)
Amounts reclassified from other comprehensive income (loss)	5	13	5	14
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX	3	20	(5)	26
COMPREHENSIVE INCOME	381	125	840	504
Less: Comprehensive (income) loss attributable to non-controlling interests	(53)	1	(53)	(1)
COMPREHENSIVE INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 328	$ 126	$ 787	$ 503

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
OPERATING ACTIVITIES
NET INCOME	$ 378	$ 105	$ 845	$ 478
Adjustments to reconcile to cash provided by operations:
Depreciation and amortization	412	176	779	534
Amortization of finance costs, discounts and premiums, net			5	5
Stock compensation expense			11	8
Deferred income taxes				37
Gain on sale of assets	(547)	(59)	(667)	(105)
Loss on foreign currency transactions and derivatives	(1)	2		4
Gain on property insurance settlement				(1)
Equity in earnings of affiliates	(6)	(4)	(25)	(19)
Change in due from managers			(55)	(57)
Distributions from investments in affiliates			24	14
Changes in other assets			(7)	(17)
Changes in other liabilities			31	(14)
Net cash provided by operating activities			941	867
INVESTING ACTIVITIES
Proceeds from sales of assets, net			1,130	472
Return of investments in affiliates			1	4
Advances to and investments in affiliates			(4)	(1)
Acquisitions			(1,025)	(467)
Capital expenditures:
Renewals and replacements			(214)	(155)
Return on investment			(106)	(53)
Property insurance proceeds			8
Net cash used in investing activities			(210)	(200)
FINANCING ACTIVITIES
Financing costs				(9)
Issuances of debt				398
Draws on credit facility			360	340
Repayment of credit facility			(225)	(379)
Mortgage debt and other prepayments and scheduled maturities				(69)
Dividends on common stock			(481)	(480)
Distributions and payments to non-controlling interests			(6)	(47)
Other financing activities			(9)	2
Net cash used in financing activities			(361)	(244)
Effects of exchange rate changes on cash held			(4)	5
INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH			366	428
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD			1,109	544
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	1,475	972	1,475	972
Supplemental disclosure of cash flow information:
Cash and cash equivalents	1,269	789	1,269	789
Restricted cash (included in other assets)	1		1
Cash included in furniture, fixtures and equipment replacement fund	205	183	205	183
Total cash and cash equivalents and restricted cash shown in the statements of cash flows	1,475	972	1,475	972
Total interest paid			122	108
Income taxes paid			31	38
HOST HOTELS & RESORTS L.P.
OPERATING ACTIVITIES
NET INCOME	378	105	845	478
Adjustments to reconcile to cash provided by operations:
Depreciation and amortization	412	176	779	534
Amortization of finance costs, discounts and premiums, net			5	5
Stock compensation expense			11	8
Deferred income taxes				37
Gain on sale of assets	(547)	(59)	(667)	(105)
Loss on foreign currency transactions and derivatives	(1)	2		4
Gain on property insurance settlement				(1)
Equity in earnings of affiliates	(6)	(4)	(25)	(19)
Change in due from managers			(55)	(57)
Distributions from investments in affiliates			24	14
Changes in other assets			(7)	(17)
Changes in other liabilities			31	(14)
Net cash provided by operating activities			941	867
INVESTING ACTIVITIES
Proceeds from sales of assets, net			1,130	472
Return of investments in affiliates			1	4
Advances to and investments in affiliates			(4)	(1)
Acquisitions			(1,025)	(467)
Capital expenditures:
Renewals and replacements			(214)	(155)
Return on investment			(106)	(53)
Property insurance proceeds			8
Net cash used in investing activities			(210)	(200)
FINANCING ACTIVITIES
Financing costs				(9)
Issuances of debt				398
Draws on credit facility			360	340
Repayment of credit facility			(225)	(379)
Mortgage debt and other prepayments and scheduled maturities				(69)
Distributions on common OP units			(486)	(486)
Distributions and payments to non-controlling interests			(1)	(41)
Other financing activities			(9)	2
Net cash used in financing activities			(361)	(244)
Effects of exchange rate changes on cash held			(4)	5
INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH			366	428
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD			1,109	544
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	1,475	972	1,475	972
Supplemental disclosure of cash flow information:
Cash and cash equivalents	1,269	789	1,269	789
Restricted cash (included in other assets)	1		1
Cash included in furniture, fixtures and equipment replacement fund	205	183	205	183
Total cash and cash equivalents and restricted cash shown in the statements of cash flows	$ 1,475	$ 972	1,475	972
Total interest paid			122	108
Income taxes paid			$ 31	$ 38

Organization

Organization	9 Months Ended
	Sep. 30, 2018
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, 2018, Host Inc. holds approximately 99% of Host L.P.’s OP units. Consolidated Portfolio As of September 30, 2018, 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 Total 93 Joint Ventures We own an approximate 33% non-controlling interest in a joint venture in Europe (“Euro JV”) that owns 11 hotels in two separate funds in seven countries. We also own non-controlling interests in an additional six joint ventures that own ten hotels.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2018
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, 2017. 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, 2018, and the results of our operations for the quarter and year-to-date periods ended September 30, 2018 and 2017, respectively, and cash flows for the year-to-date periods ended September 30, 2018 and 2017, 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. These VIEs include 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 consists 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 Leases. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which affects aspects of accounting for lease agreements. Under the new standard, all leases, including operating leases, will require recognition of the lease assets and lease liabilities by lessees on the balance sheet. However, the effect on the statement of operations and the statement of cash flows largely is unchanged. The standard is effective for fiscal years beginning after December 15, 2018. The current standard requires adoption using a modified retrospective approach, with the option of restatement of the comparative periods presented in the year of adoption or applying the new standard only in the year of adoption with a cumulative-effect adjustment in the period of adoption. The primary impact of the new standard will be to the treatment of our 25 ground leases, which represent approximately 85% of our annual operating lease payments. We believe that application of this standard will result in us recording a right of use asset and the related lease liability of between $500 million and $600 million for the ground leases, although changes in discount rates, ground lease terms or other variables may have a significant effect on the calculation of this recorded amount. As noted above, we expect that the adoption of this standard will have minimal impact on our income statement. We expect to adopt the new standard on January 1, 2019 and use the effective date as our date of initial application. We also expect to elect all of the new standard’s available transition practical expedients. Consequently, financial information will not be updated and disclosures required under the new standard will not be provided for dates and periods before January 1, 2019. Business Combinations. We adopted ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business on January 1, 2018. The standard adopts a two-step approach wherein, if substantially all of the fair value of the gross assets acquired is concentrated in a single (group of similar) identifiable asset(s), then the transaction will be considered an asset purchase. We anticipate that most of our future hotel purchases will be considered asset purchases as opposed to business combinations, although this determination will be made on a transaction-by-transaction basis. This standard was adopted on a prospective basis and, therefore, it did not affect the accounting for any of our previous transactions. Revenue Recognition. We adopted ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), on January 1, 2018 . The standard sets forth steps to determine the timing and amount of revenue to be recognized to depict the transfer of goods or services in an amount that reflects the consideration that an entity expects in exchange. We also adopted ASU No. 2017-05, Other Income – Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20) , which provides further guidance on accounting for the derecognition and partial sales of a non-financial asset. This standard may allow for earlier gain recognition for certain sale transactions pursuant to which we have continuing involvement with the asset that was sold. We adopted these standards using a modified retrospective approach with a cumulative effect recognized in our equity balance on the date of adoption and no restatements of prior period amounts. When applying the new standard for the cumulative effect, we elected to apply the new standard only to contracts that were not considered completed as of the date of adoption. Transition adjustment. As a result of the adoption of this standard on January 1, 2018, total liabilities were reduced by $4.5 million, and total equity of Host Inc. stockholders and total Host L.P. partner capital increased by $4.5 million. This adjustment is related to a previously deferred gain on the sale of the Atlanta Marriott Marquis in 2013 that would have qualified for recognition under the new standard. Adoption did not have an effect on our income statement for the quarter and year-to-date ended September 30, 2018 and 2017. Policy Disclosure. There has been no significant change to our method of revenue recognition for our primary operations; however, we have updated our accounting policy and disclosures for the revenue recognition standard. See Note 4 for this disclosure.

Earnings Per Common Share (Unit

Earnings Per Common Share (Unit)	9 Months Ended
	Sep. 30, 2018
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 7.9 million common OP units which are convertible into 8.1 million common shares that 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, 2018 2017 2018 2017 Net income $ 378 $ 105 $ 845 $ 478 Less: Net income attributable to non-controlling interests (56 ) (1 ) (61 ) (6 ) Net income attributable to Host Inc. $ 322 $ 104 $ 784 $ 472 Basic weighted average shares outstanding 739.9 738.8 739.6 738.5 Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market 0.6 0.2 0.6 0.2 Diluted weighted average shares outstanding 740.5 739.0 740.2 738.7 Basic earnings per common share $ .43 $ .14 $ 1.06 $ .64 Diluted earnings per common share $ .43 $ .14 $ 1.06 $ .64 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, 2018 2017 2018 2017 Net income $ 378 $ 105 $ 845 $ 478 Less: Net (income) loss attributable to non- controlling interests (53 ) 1 (53 ) — Net income attributable to Host L.P. $ 325 $ 106 $ 792 $ 478 Basic weighted average units outstanding 732.3 731.6 732.1 731.4 Assuming distribution of common units to support shares granted under the comprehensive stock plans, less shares assumed purchased at market 0.6 0.2 0.6 0.2 Diluted weighted average units outstanding 732.9 731.8 732.7 731.6 Basic earnings per common unit $ .44 $ .14 $ 1.08 $ .65 Diluted earnings per common unit $ .44 $ .14 $ 1.08 $ .65

Revenue

Revenue	9 Months Ended
	Sep. 30, 2018
Revenue From Contract With Customer [Abstract]
Revenue	4. Revenue Substantially all of our operating results represent revenues and expenses generated by property-level operations. The majority of customers make payments when services are provided to them. Due to the short-term nature of our contracts and the almost concurrent receipt of payment, we have no significant performance obligations outstanding at quarter end. We collect sales, use, occupancy and similar taxes at our hotels, which we present on a net basis (excluded from revenues) on our statements of operations. Revenues are recognized when the performance obligations have been met, as follows: Income statement line item Recognition method Rooms revenues Rooms revenues represent revenues from the occupancy of our hotel rooms and are driven by the occupancy and average daily rate charged. Rooms revenues do not include ancillary services or fees charged. The contracts for room stays with customers generally are very short term in duration and revenues are recognized over time during the course of the hotel stay. Food and beverage revenues Food and beverage revenues consist of revenues from group functions, which may include banquet revenues and audio-visual revenues, as well as outlet revenues from the restaurants and lounges at our properties. Revenues are recognized at a point in time as the services or products are provided. Our hotels may employ third parties to provide certain services at the property, for example, audio and visual services. We evaluate each of these contracts to determine if the hotel is the principal or the agent in the transaction and record the revenues as appropriate (i.e. gross vs. net). Other revenues Other revenues consist of ancillary revenues at the property, including attrition and cancelation fees, golf courses, resort and destination fees, spas, entertainment and other guest services, as well as rental revenues; primarily consisting of leased retail outlets. Other revenues are generally recognized at a point in time as the services or products are provided. Attrition and cancelation fees are recognized at a point in time for non-cancelable deposits when the customer provides notification of cancelation or is a no-show for the specified date, whichever comes first. Disaggregation of Revenues. While we do not consider the following division by location to consist of reportable segments, we have disaggregated hotel revenues by market location. Our revenues also are presented by country in Note 11 – Geographic Information. By Location. The following table presents hotel revenues for each of the geographic locations in our consolidated hotel portfolio (in millions): Quarter ended September 30, Year-to-date ended September 30, Location 2018 2017 2018 2017 New York $ 172 $ 193 $ 539 $ 554 San Diego 136 131 402 394 San Francisco/San Jose 131 106 373 313 Maui/Oahu 93 70 270 215 Washington, D.C. (Central Business District) 71 76 252 270 Boston 86 83 231 231 Phoenix 46 35 220 195 Florida Gulf Coast 37 35 216 189 Orlando 44 39 170 156 Los Angeles 48 51 143 139 Chicago 53 54 140 138 Atlanta 37 37 119 122 Northern Virginia 34 44 115 144 Seattle 38 38 99 99 Orange County 32 31 91 92 Houston 25 24 88 87 San Antonio 26 23 86 83 Jacksonville 25 21 78 72 New Orleans 19 17 75 71 Denver 26 25 69 67 Philadelphia 22 19 65 59 Miami 9 9 41 40 Other 61 64 196 217 Domestic 1,271 1,225 4,078 3,947 International 28 29 85 96 Total $ 1,299 $ 1,254 $ 4,163 $ 4,043

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2018
Property Plant And Equipment [Abstract]
Property and Equipment	5. Property and Equipment Property and equipment consists of the following (in millions): September 30, 2018 December 31, 2017 Land and land improvements $ 1,959 $ 1,934 Buildings and leasehold improvements 13,609 13,529 Furniture and equipment 2,383 2,357 Construction in progress 179 106 18,130 17,926 Less accumulated depreciation and amortization (8,355 ) (8,234 ) $ 9,775 $ 9,692

Debt

Debt	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Debt	6. Debt Credit Facility. During the third quarter, we repaid $150 million under the revolver portion of the credit facility. As of September 30, we had $702 million of available capacity under the revolver portion of our credit facility.

Investments in Affiliates

Investments in Affiliates	9 Months Ended
	Sep. 30, 2018
Investments In And Advances To Affiliates Schedule Of Investments [Abstract]
Investments in Affiliates	7. Investment in Affiliates Subsequent to quarter end, we reached an agreement to sell our approximate 33% interest in the Euro JV to the Euro JV partners for net proceeds of approximately €435 million ($505 million). The sale is expected to close during the fourth quarter of 2018, subject to customary closing conditions, including the receipt of required consents.

Equity of Host Inc. and Capital

Equity of Host Inc. and Capital of Host L.P.	9 Months Ended
	Sep. 30, 2018
Equity [Abstract]
Equity of Host Inc. and Capital of Host L.P.	8. 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, 2017 $ 6,973 $ 29 $ 7,002 $ 167 Net income 784 53 837 8 Issuance of common stock for comprehensive stock plans, net 10 — 10 — Dividends declared on common stock (445 ) — (445 ) — Distributions to non-controlling interests — (1 ) (1 ) (5 ) Changes in ownership and other — (8 ) (8 ) — Other comprehensive loss (5 ) — (5 ) — Cumulative effect of accounting change 5 — 5 — Balance, September 30, 2018 $ 7,322 $ 73 $ 7,395 $ 170 Capital of Host L.P. As of September 30, 2018, 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 interests of third parties Balance, December 31, 2017 $ 6,973 $ 29 $ 7,002 $ 167 Net income 784 53 837 8 Issuance of common OP units to Host Inc. for comprehensive stock plans, net 10 — 10 — Distributions declared on common OP units (445 ) — (445 ) (5 ) Distributions to non-controlling interests — (1 ) (1 ) — Changes in ownership and other — (8 ) (8 ) — Other comprehensive loss (5 ) — (5 ) — Cumulative effect of accounting change 5 — 5 — Balance, September 30, 2018 $ 7,322 $ 73 $ 7,395 $ 170 Dividends/Distributions On September 14, 2018, 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 15, 2018 to stockholders of record as of September 28, 2018. 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, 2018
Disposal Group Not Discontinued Operation Disposal Disclosures [Abstract]
Dispositions	9. Dispositions On September 21, 2018, we sold the New York Marriott Marquis retail and theater commercial units and the related signage areas of the hotel (the “Retail”) to Vornado Realty Trust for a sale price of $442 million and recorded a gain of approximately $386 million, which is net of the non-cash incurrence of a liability of approximately $35 million related to Vornado’s contractual right to future real estate tax rebates. Substantially all of the net proceeds from the sale of the Retail were used to close out a reverse like-kind exchange structure established in connection with the acquisition of the Hyatt portfolio in March 2018. In addition, during the third quarter 2018, we sold the W New York – Union Square for $171 million and recorded a loss of $4 million and sold the JW Marriott Hotel Mexico City for $183 million and recorded a gain, net of tax, of approximately $163 million. In connection with the sale of the JW Marriott Hotel Mexico City, we allocated $53 million of the gain, net of tax, to the non-controlling partner. Subsequent to quarter end, we reached an agreement to sell The Westin New York Grand Central hotel for proceeds of approximately $300 million, including approximately $20 million of FF&E replacement funds that are anticipated to be retained by us. The sale is expected to close during the first quarter of 2019, subject to customary closing conditions, including the receipt of required consents. As a result of the executed purchase agreement and the significant deposit at risk, the hotel is classified as held for sale as of September 30, 2018.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	10. Fair Value Measurements Impairment During the third quarter, we During the quarter, we also recorded an impairment expense of approximately $216 million related to the Sheraton New York Times Square Hotel, which impairment expense is included in depreciation and amortization expense, based on a fair value of $495 million for the property on September 30, 2018. The fair value is within the range of sales prices currently being negotiated with a potential buyer, which is considered an observable input other than quoted prices (Level 2) in the GAAP fair value hierarchy. 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 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, 2018 December 31, 2017 Carrying Amount Fair Value Carrying Amount Fair Value Financial liabilities Senior notes (Level 1) $ 2,781 $ 2,803 $ 2,778 $ 2,932 Credit facility (Level 2) 1,292 1,298 1,170 1,178

Geographic Information

Geographic Information	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Geographic Information	11. 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) are immaterial and, with our operating segments, meet the aggregation criteria, and thus, we report one reportable segment: hotel ownership. Our consolidated foreign operations consist of hotels in two countries as of September 30, 2018. There were no intersegment sales during the periods presented. The following table presents total revenues and property and equipment, net, for each of the geographical areas in which we operate (in millions): Total Revenues Total Revenues Property and Equipment, net Quarter ended September 30, Year-to-date ended September 30, September 30, December 31, 2018 2017 2018 2017 2018 2017 United States $ 1,271 $ 1,225 $ 4,078 $ 3,947 $ 9,664 $ 9,548 Australia — 2 — 18 — — Brazil 4 5 14 16 47 59 Canada 17 16 50 42 64 71 Mexico 7 6 21 20 — 14 Total $ 1,299 $ 1,254 $ 4,163 $ 4,043 $ 9,775 $ 9,692

Non-Controlling Interests

Non-Controlling Interests	9 Months Ended
	Sep. 30, 2018
Noncontrolling Interest [Abstract]
Non-Controlling Interests	12. 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 their carrying value based on accumulated historical cost or their 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, 2018 December 31, 2017 Common OP units outstanding (millions) 7.9 8.2 Market price per Host Inc. common share $ 21.10 $ 19.85 Shares issuable upon conversion of one common OP unit 1.021494 1.021494 Redemption value (millions) $ 170 $ 167 Historical cost (millions) 81 80 Book value (millions) (1) 170 167 ___________ (1) The book value recorded is equal to the greater of redemption value or historical cost. Other Consolidated Partnerships. We consolidate two 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 $73 million and $29 million as of September 30, 2018 and December 31, 2017, respectively.

Legal Proceedings

Legal Proceedings	9 Months Ended
	Sep. 30, 2018
Commitments And Contingencies Disclosure [Abstract]
Legal Proceedings	13. 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 recorded minimal accruals as of September 30, 2018 related to such claims. We have estimated that, in the aggregate, our losses related to these proceedings would not be material. We are not aware of any 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 Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2018
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 Leases. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which affects aspects of accounting for lease agreements. Under the new standard, all leases, including operating leases, will require recognition of the lease assets and lease liabilities by lessees on the balance sheet. However, the effect on the statement of operations and the statement of cash flows largely is unchanged. The standard is effective for fiscal years beginning after December 15, 2018. The current standard requires adoption using a modified retrospective approach, with the option of restatement of the comparative periods presented in the year of adoption or applying the new standard only in the year of adoption with a cumulative-effect adjustment in the period of adoption. The primary impact of the new standard will be to the treatment of our 25 ground leases, which represent approximately 85% of our annual operating lease payments. We believe that application of this standard will result in us recording a right of use asset and the related lease liability of between $500 million and $600 million for the ground leases, although changes in discount rates, ground lease terms or other variables may have a significant effect on the calculation of this recorded amount. As noted above, we expect that the adoption of this standard will have minimal impact on our income statement. We expect to adopt the new standard on January 1, 2019 and use the effective date as our date of initial application. We also expect to elect all of the new standard’s available transition practical expedients. Consequently, financial information will not be updated and disclosures required under the new standard will not be provided for dates and periods before January 1, 2019. Business Combinations. We adopted ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business on January 1, 2018. The standard adopts a two-step approach wherein, if substantially all of the fair value of the gross assets acquired is concentrated in a single (group of similar) identifiable asset(s), then the transaction will be considered an asset purchase. We anticipate that most of our future hotel purchases will be considered asset purchases as opposed to business combinations, although this determination will be made on a transaction-by-transaction basis. This standard was adopted on a prospective basis and, therefore, it did not affect the accounting for any of our previous transactions. Revenue Recognition. We adopted ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), on January 1, 2018 . The standard sets forth steps to determine the timing and amount of revenue to be recognized to depict the transfer of goods or services in an amount that reflects the consideration that an entity expects in exchange. We also adopted ASU No. 2017-05, Other Income – Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20) , which provides further guidance on accounting for the derecognition and partial sales of a non-financial asset. This standard may allow for earlier gain recognition for certain sale transactions pursuant to which we have continuing involvement with the asset that was sold. We adopted these standards using a modified retrospective approach with a cumulative effect recognized in our equity balance on the date of adoption and no restatements of prior period amounts. When applying the new standard for the cumulative effect, we elected to apply the new standard only to contracts that were not considered completed as of the date of adoption. Transition adjustment. As a result of the adoption of this standard on January 1, 2018, total liabilities were reduced by $4.5 million, and total equity of Host Inc. stockholders and total Host L.P. partner capital increased by $4.5 million. This adjustment is related to a previously deferred gain on the sale of the Atlanta Marriott Marquis in 2013 that would have qualified for recognition under the new standard. Adoption did not have an effect on our income statement for the quarter and year-to-date ended September 30, 2018 and 2017. Policy Disclosure. There has been no significant change to our method of revenue recognition for our primary operations; however, we have updated our accounting policy and disclosures for the revenue recognition standard. See Note 4 for this disclosure.
Revenue Recognition	Revenues are recognized when the performance obligations have been met, as follows: Income statement line item Recognition method Rooms revenues Rooms revenues represent revenues from the occupancy of our hotel rooms and are driven by the occupancy and average daily rate charged. Rooms revenues do not include ancillary services or fees charged. The contracts for room stays with customers generally are very short term in duration and revenues are recognized over time during the course of the hotel stay. Food and beverage revenues Food and beverage revenues consist of revenues from group functions, which may include banquet revenues and audio-visual revenues, as well as outlet revenues from the restaurants and lounges at our properties. Revenues are recognized at a point in time as the services or products are provided. Our hotels may employ third parties to provide certain services at the property, for example, audio and visual services. We evaluate each of these contracts to determine if the hotel is the principal or the agent in the transaction and record the revenues as appropriate (i.e. gross vs. net). Other revenues Other revenues consist of ancillary revenues at the property, including attrition and cancelation fees, golf courses, resort and destination fees, spas, entertainment and other guest services, as well as rental revenues; primarily consisting of leased retail outlets. Other revenues are generally recognized at a point in time as the services or products are provided. Attrition and cancelation fees are recognized at a point in time for non-cancelable deposits when the customer provides notification of cancelation or is a no-show for the specified date, whichever comes first.

Organization (Tables)

Organization (Tables)	9 Months Ended
	Sep. 30, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Consolidated Portfolio of Hotels by Location	As of September 30, 2018, 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 Total 93

Earnings Per Common Share (Un_2

Earnings Per Common Share (Unit) (Tables)	9 Months Ended
	Sep. 30, 2018
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, 2018 2017 2018 2017 Net income $ 378 $ 105 $ 845 $ 478 Less: Net income attributable to non-controlling interests (56 ) (1 ) (61 ) (6 ) Net income attributable to Host Inc. $ 322 $ 104 $ 784 $ 472 Basic weighted average shares outstanding 739.9 738.8 739.6 738.5 Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market 0.6 0.2 0.6 0.2 Diluted weighted average shares outstanding 740.5 739.0 740.2 738.7 Basic earnings per common share $ .43 $ .14 $ 1.06 $ .64 Diluted earnings per common share $ .43 $ .14 $ 1.06 $ .64
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, 2018 2017 2018 2017 Net income $ 378 $ 105 $ 845 $ 478 Less: Net (income) loss attributable to non- controlling interests (53 ) 1 (53 ) — Net income attributable to Host L.P. $ 325 $ 106 $ 792 $ 478 Basic weighted average units outstanding 732.3 731.6 732.1 731.4 Assuming distribution of common units to support shares granted under the comprehensive stock plans, less shares assumed purchased at market 0.6 0.2 0.6 0.2 Diluted weighted average units outstanding 732.9 731.8 732.7 731.6 Basic earnings per common unit $ .44 $ .14 $ 1.08 $ .65 Diluted earnings per common unit $ .44 $ .14 $ 1.08 $ .65

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2018
Revenue From Contract With Customer [Abstract]
Summary of Disaggregated Hotel Revenues by Market Location	Disaggregation of Revenues. While we do not consider the following division by location to consist of reportable segments, we have disaggregated hotel revenues by market location. Our revenues also are presented by country in Note 1 1 – Geographic Information. By Location. The following table presents hotel revenues for each of the geographic locations in our consolidated hotel portfolio (in millions): Quarter ended September 30, Year-to-date ended September 30, Location 2018 2017 2018 2017 New York $ 172 $ 193 $ 539 $ 554 San Diego 136 131 402 394 San Francisco/San Jose 131 106 373 313 Maui/Oahu 93 70 270 215 Washington, D.C. (Central Business District) 71 76 252 270 Boston 86 83 231 231 Phoenix 46 35 220 195 Florida Gulf Coast 37 35 216 189 Orlando 44 39 170 156 Los Angeles 48 51 143 139 Chicago 53 54 140 138 Atlanta 37 37 119 122 Northern Virginia 34 44 115 144 Seattle 38 38 99 99 Orange County 32 31 91 92 Houston 25 24 88 87 San Antonio 26 23 86 83 Jacksonville 25 21 78 72 New Orleans 19 17 75 71 Denver 26 25 69 67 Philadelphia 22 19 65 59 Miami 9 9 41 40 Other 61 64 196 217 Domestic 1,271 1,225 4,078 3,947 International 28 29 85 96 Total $ 1,299 $ 1,254 $ 4,163 $ 4,043

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2018
Property Plant And Equipment [Abstract]
Property and Equipment	Property and equipment consists of the following (in millions): September 30, 2018 December 31, 2017 Land and land improvements $ 1,959 $ 1,934 Buildings and leasehold improvements 13,609 13,529 Furniture and equipment 2,383 2,357 Construction in progress 179 106 18,130 17,926 Less accumulated depreciation and amortization (8,355 ) (8,234 ) $ 9,775 $ 9,692

Equity of Host Inc. and Capit_2

Equity of Host Inc. and Capital of Host L.P. (Tables)	9 Months Ended
	Sep. 30, 2018
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, 2017 $ 6,973 $ 29 $ 7,002 $ 167 Net income 784 53 837 8 Issuance of common stock for comprehensive stock plans, net 10 — 10 — Dividends declared on common stock (445 ) — (445 ) — Distributions to non-controlling interests — (1 ) (1 ) (5 ) Changes in ownership and other — (8 ) (8 ) — Other comprehensive loss (5 ) — (5 ) — Cumulative effect of accounting change 5 — 5 — Balance, September 30, 2018 $ 7,322 $ 73 $ 7,395 $ 170
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 interests of third parties Balance, December 31, 2017 $ 6,973 $ 29 $ 7,002 $ 167 Net income 784 53 837 8 Issuance of common OP units to Host Inc. for comprehensive stock plans, net 10 — 10 — Distributions declared on common OP units (445 ) — (445 ) (5 ) Distributions to non-controlling interests — (1 ) (1 ) — Changes in ownership and other — (8 ) (8 ) — Other comprehensive loss (5 ) — (5 ) — Cumulative effect of accounting change 5 — 5 — Balance, September 30, 2018 $ 7,322 $ 73 $ 7,395 $ 170

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2018
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, 2018 December 31, 2017 Carrying Amount Fair Value Carrying Amount Fair Value Financial liabilities Senior notes (Level 1) $ 2,781 $ 2,803 $ 2,778 $ 2,932 Credit facility (Level 2) 1,292 1,298 1,170 1,178

Geographic Information (Tables)

Geographic Information (Tables)	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Revenues and Long-Lived Assets by Geographical Area	The following table presents total revenues and property and equipment, net, for each of the geographical areas in which we operate (in millions): Total Revenues Total Revenues Property and Equipment, net Quarter ended September 30, Year-to-date ended September 30, September 30, December 31, 2018 2017 2018 2017 2018 2017 United States $ 1,271 $ 1,225 $ 4,078 $ 3,947 $ 9,664 $ 9,548 Australia — 2 — 18 — — Brazil 4 5 14 16 47 59 Canada 17 16 50 42 64 71 Mexico 7 6 21 20 — 14 Total $ 1,299 $ 1,254 $ 4,163 $ 4,043 $ 9,775 $ 9,692

Non-controlling Interests (Tabl

Non-controlling Interests (Tables)	9 Months Ended
	Sep. 30, 2018
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, 2018 December 31, 2017 Common OP units outstanding (millions) 7.9 8.2 Market price per Host Inc. common share $ 21.10 $ 19.85 Shares issuable upon conversion of one common OP unit 1.021494 1.021494 Redemption value (millions) $ 170 $ 167 Historical cost (millions) 81 80 Book value (millions) (1) 170 167 ___________ (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, 2018HotelFundCountryJointVenture
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Number of hotels	93
Other Joint Venture
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Number of hotels	10
Number of joint ventures | JointVenture	6
European Joint Venture
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Investment ownership percentage	33.00%
Number of hotels	11
Number of funds | Fund	2
Foreign operations, number of countries | Country	7
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, 2018Hotel
Real Estate Properties [Line Items]
Hotels	93
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

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2018USD ($)GroundLease	Jan. 01, 2018USD ($)
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	$ 500,000,000
ASU 2016-02 | Asset | Maximum
Significant Accounting Policies [Line Items]
Adjustment applied due to new accounting principle in period of adoption	600,000,000
ASU 2016-02 | Liability | Minimum
Significant Accounting Policies [Line Items]
Adjustment applied due to new accounting principle in period of adoption	500,000,000
ASU 2016-02 | Liability | Maximum
Significant Accounting Policies [Line Items]
Adjustment applied due to new accounting principle in period of adoption	$ 600,000,000
ASU No. 2014-09
Significant Accounting Policies [Line Items]
Adoption of revenue recognition, description	We adopted these standards using a modified retrospective approach with a cumulative effect recognized in our equity balance on the date of adoption and no restatements of prior period amounts. When applying the new standard for the cumulative effect, we elected to apply the new standard only to contracts that were not considered completed as of the date of adoption.
Decrease in total liabilities		$ 4,500,000
Increase in total equity		$ 4,500,000
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 (Un_3

Earnings Per Common Share (Unit) - Additional Information (Detail) - HOST HOTELS & RESORTS, INC. shares in Millions	9 Months Ended
	Sep. 30, 2018shares
Shares Subject To Mandatory Redemption By Settlement Terms [Line Items]
Common OP units outstanding	7.9
Number of common shares that would be outstanding if OP units were converted	8.1

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, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Earnings Per Share [Abstract]
NET INCOME	$ 378	$ 105	$ 845	$ 478
Less: Net (income) loss attributable to non-controlling interests	(56)	(1)	(61)	(6)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 322	$ 104	$ 784	$ 472
Basic weighted average shares outstanding	739.9	738.8	739.6	738.5
Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market	0.6	0.2	0.6	0.2
Diluted weighted average shares/units outstanding	740.5	739	740.2	738.7
Basic earnings per common share	$ 0.43	$ 0.14	$ 1.06	$ 0.64
Diluted earnings per common share	$ 0.43	$ 0.14	$ 1.06	$ 0.64

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, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Earnings Per Share Diluted [Line Items]
NET INCOME	$ 378	$ 105	$ 845	$ 478
Less: Net (income) loss attributable to non-controlling interests	(56)	(1)	(61)	(6)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 322	$ 104	$ 784	$ 472
Basic weighted average shares outstanding	739.9	738.8	739.6	738.5
Assuming distribution of common units to support shares granted under the comprehensive stock plans, less shares assumed purchased at market	0.6	0.2	0.6	0.2
Diluted weighted average shares/units outstanding	740.5	739	740.2	738.7
Basic earnings per common share	$ 0.43	$ 0.14	$ 1.06	$ 0.64
Diluted earnings per common share	$ 0.43	$ 0.14	$ 1.06	$ 0.64
HOST HOTELS & RESORTS L.P.
Earnings Per Share Diluted [Line Items]
NET INCOME	$ 378	$ 105	$ 845	$ 478
Less: Net (income) loss attributable to non-controlling interests	(53)	1	(53)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 325	$ 106	$ 792	$ 478
Basic weighted average shares outstanding	732.3	731.6	732.1	731.4
Assuming distribution of common units to support shares granted under the comprehensive stock plans, less shares assumed purchased at market	0.6	0.2	0.6	0.2
Diluted weighted average shares/units outstanding	732.9	731.8	732.7	731.6
Basic earnings per common share	$ 0.44	$ 0.14	$ 1.08	$ 0.65
Diluted earnings per common share	$ 0.44	$ 0.14	$ 1.08	$ 0.65

Summary of Hotel Revenues by Ma

Summary of Hotel Revenues by Market Locations (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Disaggregation Of Revenue [Line Items]
Total revenues	$ 1,299	$ 1,254	$ 4,163	$ 4,043
New York
Disaggregation Of Revenue [Line Items]
Total revenues	172	193	539	554
San Diego
Disaggregation Of Revenue [Line Items]
Total revenues	136	131	402	394
San Francisco/San Jose
Disaggregation Of Revenue [Line Items]
Total revenues	131	106	373	313
Maui/Oahu
Disaggregation Of Revenue [Line Items]
Total revenues	93	70	270	215
Washington, D.C. (Central Business District)
Disaggregation Of Revenue [Line Items]
Total revenues	71	76	252	270
Boston
Disaggregation Of Revenue [Line Items]
Total revenues	86	83	231	231
Phoenix
Disaggregation Of Revenue [Line Items]
Total revenues	46	35	220	195
Florida Gulf Coast
Disaggregation Of Revenue [Line Items]
Total revenues	37	35	216	189
Orlando
Disaggregation Of Revenue [Line Items]
Total revenues	44	39	170	156
Los Angeles
Disaggregation Of Revenue [Line Items]
Total revenues	48	51	143	139
Chicago
Disaggregation Of Revenue [Line Items]
Total revenues	53	54	140	138
Atlanta
Disaggregation Of Revenue [Line Items]
Total revenues	37	37	119	122
Northern Virginia
Disaggregation Of Revenue [Line Items]
Total revenues	34	44	115	144
Seattle
Disaggregation Of Revenue [Line Items]
Total revenues	38	38	99	99
Orange County
Disaggregation Of Revenue [Line Items]
Total revenues	32	31	91	92
Houston
Disaggregation Of Revenue [Line Items]
Total revenues	25	24	88	87
San Antonio
Disaggregation Of Revenue [Line Items]
Total revenues	26	23	86	83
Jacksonville
Disaggregation Of Revenue [Line Items]
Total revenues	25	21	78	72
New Orleans
Disaggregation Of Revenue [Line Items]
Total revenues	19	17	75	71
Denver
Disaggregation Of Revenue [Line Items]
Total revenues	26	25	69	67
Philadelphia
Disaggregation Of Revenue [Line Items]
Total revenues	22	19	65	59
Miami
Disaggregation Of Revenue [Line Items]
Total revenues	9	9	41	40
Other
Disaggregation Of Revenue [Line Items]
Total revenues	61	64	196	217
United States
Disaggregation Of Revenue [Line Items]
Total revenues	1,271	1,225	4,078	3,947
International
Disaggregation Of Revenue [Line Items]
Total revenues	$ 28	$ 29	$ 85	$ 96

Summary of Property and Equipme

Summary of Property and Equipment (Detail) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Property Plant And Equipment [Abstract]
Land and land improvements	$ 1,959	$ 1,934
Buildings and leasehold improvements	13,609	13,529
Furniture and equipment	2,383	2,357
Construction in progress	179	106
Property, Plant and Equipment, Gross, Total	18,130	17,926
Less accumulated depreciation and amortization	(8,355)	(8,234)
Property and equipment, net	$ 9,775	$ 9,692

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018	Sep. 30, 2017
Debt Instrument [Line Items]
Repayment of line of credit facility		$ 225	$ 379
Revolver
Debt Instrument [Line Items]
Repayment of line of credit facility	$ 150
Line of credit facility remaining borrowing capacity	$ 702	$ 702

Investments in Affiliates - Add

Investments in Affiliates - Additional Information (Detail) € in Millions, $ in Millions	3 Months Ended
	Dec. 31, 2018USD ($)	Dec. 31, 2018EUR (€)	Sep. 30, 2018
European Joint Venture
Investments In And Advances To Affiliates [Line Items]
Investment ownership percentage			33.00%
European Joint Venture Partners | Scenario Forecast
Investments In And Advances To Affiliates [Line Items]
Proceeds from sale of interest in joint venture	$ 505	€ 435

Equity Allocation between Contr

Equity Allocation between Controlling and Non-Controlling Interests (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Stockholders Equity Note [Line Items]
Beginning Balance			$ 7,002
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 322	$ 104	784	$ 472
Other comprehensive loss	3	$ 20	(5)	$ 26
Ending Balance	7,395		7,395
HOST HOTELS & RESORTS, INC.
Stockholders Equity Note [Line Items]
Beginning Balance			7,002
Net income			837
Issuance of common stock for comprehensive stock plans, net			10
Dividends declared on common stock			(445)
Distributions to non-controlling interests			(1)
Changes in ownership and other			(8)
Other comprehensive loss			(5)
Cumulative effect of accounting change	5		5
Ending Balance	7,395		7,395
HOST HOTELS & RESORTS, INC. | Parent
Stockholders Equity Note [Line Items]
Beginning Balance			6,973
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY			784
Issuance of common stock for comprehensive stock plans, net			10
Dividends declared on common stock			(445)
Other comprehensive loss			(5)
Cumulative effect of accounting change	5		5
Ending Balance	7,322		7,322
HOST HOTELS & RESORTS, INC. | Non-redeemable, non-controlling interest
Stockholders Equity Note [Line Items]
Beginning Balance			29
Net income attributable to non-controlling interests			53
Distributions to non-controlling interests			(1)
Changes in ownership and other			(8)
Ending Balance	73		73
HOST HOTELS & RESORTS, INC. | Redeemable non-controlling interests
Stockholders Equity Note [Line Items]
Beginning Balance			167
Net income			8
Distributions to non-controlling interests			(5)
Ending Balance	$ 170		$ 170

Equity of Host Inc. and Capit_3

Equity of Host Inc. and Capital of Host L.P. - Additional Information (Detail)	Sep. 14, 2018$ / shares	Sep. 30, 2018$ / shares	Dec. 31, 2017
HOST HOTELS & RESORTS, INC.
Stockholders Equity Note [Line Items]
Percentage of the common OP units		99.00%
Dividend declaration date	Sep. 14, 2018
Dividend per share, declared	$ 0.20
Dividend paid date	Oct. 15, 2018
Dividend record date	Sep. 28, 2018
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, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Limited Partners Capital Account [Line Items]
Beginning Balance			$ 7,002
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 322	$ 104	784	$ 472
Other comprehensive loss	3	20	(5)	26
Ending Balance	7,395		7,395
HOST HOTELS & RESORTS L.P.
Limited Partners Capital Account [Line Items]
Beginning Balance			7,002
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	325	106	792	478
Net income			837
Issuance of common stock for comprehensive stock plans, net			10
Distributions declared on common OP units			(445)
Distributions to non-controlling interests			(1)
Changes in ownership and other			(8)
Other comprehensive loss	3	$ 20	(5)	$ 26
Cumulative effect of accounting change	5		5
Ending Balance	7,395		7,395
HOST HOTELS & RESORTS L.P. | Parent
Limited Partners Capital Account [Line Items]
Beginning Balance			6,973
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY			784
Issuance of common stock for comprehensive stock plans, net			10
Distributions declared on common OP units			(445)
Other comprehensive loss			(5)
Cumulative effect of accounting change	5		5
Ending Balance	7,322		7,322
HOST HOTELS & RESORTS L.P. | Non-controlling Interests
Limited Partners Capital Account [Line Items]
Beginning Balance			29
Net income attributable to non-controlling interests			53
Distributions to non-controlling interests			(1)
Changes in ownership and other			(8)
Ending Balance	73		73
HOST HOTELS & RESORTS L.P. | Limited partnership interests of third parties
Limited Partners Capital Account [Line Items]
Beginning Balance			167
Net income			8
Distributions declared on common OP units			(5)
Ending Balance	$ 170		$ 170

Dispositions - Additional Infor

Dispositions - Additional Information (Detail) - USD ($) $ in Millions	Sep. 24, 2018	Mar. 31, 2019	Sep. 30, 2018	Sep. 30, 2018	Sep. 30, 2017
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sales of assets, net				$ 1,130	$ 472
Retail
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sales of assets, net	$ 442
Gain (loss) on sale of assets, net	386
Future real estate tax rebates liability	$ 35
W New York Union Square
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sales of assets, net			$ 171
Gain (loss) on sale of assets, net			(4)
JW Marriott Mexico City
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sales of assets, net			183
Gain (loss) on sale of assets, net			163
JW Marriott Mexico City | Non-controlling Partner​
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Gain (loss) on sale of assets, net			$ 53
Westin New York Grand Central | Scenario Forecast
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sales of assets, net		$ 300
Furniture, fixtures and equipment replacement fund		$ 20

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) $ in Millions	3 Months Ended
	Sep. 30, 2018USD ($)
Westin New York Grand Central | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value of property, net of selling cost	$ 270
Westin New York Grand Central | Depreciation and Amortization Expense
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impairment expense	23
Sheraton New York Times Square Hotel | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value of property	495
Sheraton New York Times Square Hotel | Depreciation and Amortization Expense
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impairment expense	$ 216

Fair Values of Certain Financia

Fair Values of Certain Financial Liabilities and Other Financial Instruments (Detail) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Financial liabilities
Senior notes	$ 2,781	$ 2,778
Credit facility, carrying value	1,292	1,170
Quoted Prices in Active Markets for Identical Assets (Level 1) | Senior Notes
Financial liabilities
Senior notes (Level 1), fair value	2,803	2,932
Significant Other Observable Inputs (Level 2)
Financial liabilities
Credit facility (Level 2), fair value	$ 1,298	$ 1,178

Geographic Information - Additi

Geographic Information - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2018CountrySegment
Segment Reporting Information [Line Items]
Number of reportable segments | Segment	1
Non-US
Segment Reporting Information [Line Items]
Foreign operations, number of countries | Country	2

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, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Segment Reporting Information [Line Items]
Revenues	$ 1,299	$ 1,254	$ 4,163	$ 4,043
Property and equipment, net	9,775		9,775		$ 9,692
United States
Segment Reporting Information [Line Items]
Revenues	1,271	1,225	4,078	3,947
Property and equipment, net	9,664		9,664		9,548
Australia
Segment Reporting Information [Line Items]
Revenues		2		18
Brazil
Segment Reporting Information [Line Items]
Revenues	4	5	14	16
Property and equipment, net	47		47		59
Canada
Segment Reporting Information [Line Items]
Revenues	17	16	50	42
Property and equipment, net	64		64		71
Mexico
Segment Reporting Information [Line Items]
Revenues	$ 7	$ 6	$ 21	$ 20
Property and equipment, net					$ 14

Non-Controlling Interests - Add

Non-Controlling Interests - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2018USD ($)Entity	Dec. 31, 2017USD ($)
Minority Interest [Line Items]
Number of majority-owned partnerships that have third-party, non-controlling partners that have been consolidated | Entity	2
Non-controlling interests—other consolidated partnerships | $	$ 73	$ 29
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, 2018USD ($)$ / sharesshares	Dec. 31, 2017USD ($)$ / sharesshares
Shares Subject To Mandatory Redemption By Settlement Terms [Line Items]
Book value (millions)		$ 170	$ 167
HOST HOTELS & RESORTS L.P.
Shares Subject To Mandatory Redemption By Settlement Terms [Line Items]
Common OP units outstanding (millions) | shares		7.9	8.2
Market price per Host Inc. common share | $ / shares		$ 21.10	$ 19.85
Shares issuable upon conversion of one common OP unit		1.021494	1.021494
Redemption value (millions)		$ 170	$ 167
Historical cost (millions)		81	80
Book value (millions)	[1]	$ 170	$ 167
[1]	The book value recorded is equal to the greater of redemption value or historical cost.

Legal Proceedings - Additional

Legal Proceedings - Additional Information (Detail)	Sep. 30, 2018USD ($)
Other Litigation Cases
Loss Contingencies [Line Items]
Estimate of possible losses	$ 150,000