Host Hotels & Resorts (HST) 10-Q 3 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 01, 2019
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Trading Symbol	HST
Entity Registrant Name	HOST HOTELS & RESORTS, INC.
Entity Central Index Key	0001070750
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		740,893,637
HOST HOTELS & RESORTS L.P.
Document Information [Line Items]
Entity Registrant Name	HOST HOTELS & RESORTS L.P.
Entity Central Index Key	0001061937
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		Mar. 31, 2019	Dec. 31, 2018
ASSETS
Property and equipment, net		$ 10,296	$ 9,760
Right-of-use assets		616
Assets held for sale		31	281
Due from managers		145	71
Advances to and investments in affiliates		54	48
Furniture, fixtures and equipment replacement fund		191	213
Other		162	175
Cash and cash equivalents		1,082	1,542
Total assets		12,577	12,090
Debt
Senior notes		2,783	2,782
Credit facility, including term loans of $998		1,051	1,049
Other debt		28	6
Total debt		3,862	3,837
Lease liabilities		625
Accounts payable and accrued expenses		240	293
Other		183	266
Total liabilities		4,910	4,396
Partnership interests		147	128
Host Hotels & Resorts, Inc. stockholders’ equity:
Common stock, par value $.01, 1,050 million shares authorized, 740.9 million shares and 740.4 million shares issued and outstanding, respectively		7	7
Additional paid-in capital		8,138	8,156
Accumulated other comprehensive loss		(59)	(59)
Deficit		(573)	(610)
Total equity of Host Hotels & Resorts, Inc. stockholders		7,513	7,494
Non-redeemable non-controlling interests—other consolidated partnerships		7	72
Total equity		7,520	7,566
Total liabilities, non-controlling interests and equity		12,577	12,090
Host Hotels & Resorts, L.P. capital:
Accumulated other comprehensive loss		(59)	(59)
HOST HOTELS & RESORTS L.P.
ASSETS
Property and equipment, net		10,296	9,760
Right-of-use assets		616
Assets held for sale		31	281
Due from managers		145	71
Advances to and investments in affiliates		54	48
Furniture, fixtures and equipment replacement fund		191	213
Other		162	175
Cash and cash equivalents		1,082	1,542
Total assets		12,577	12,090
Debt
Senior notes		2,783	2,782
Credit facility, including term loans of $998		1,051	1,049
Other debt		28	6
Total debt		3,862	3,837
Lease liabilities		625
Accounts payable and accrued expenses		240	293
Other		183	266
Total liabilities		4,910	4,396
Partnership interests	[1]	147	128
Host Hotels & Resorts, Inc. stockholders’ equity:
Accumulated other comprehensive loss		(59)	(59)
Total equity		7,520	7,566
Total liabilities, non-controlling interests and equity		12,577	12,090
Host Hotels & Resorts, L.P. capital:
General partner		1	1
Limited partner		7,571	7,552
Accumulated other comprehensive loss		(59)	(59)
Total Host Hotels & Resorts, L.P. capital		7,513	7,494
Non-controlling interests—consolidated partnerships		7	72
Total capital		$ 7,520	$ 7,566
[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	Mar. 31, 2019	Dec. 31, 2018
Credit facility	$ 1,051	$ 1,049
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,050,000,000	1,050,000,000
Common stock, shares issued	740,900,000	740,400,000
Common stock, shares outstanding	740,900,000	740,400,000
Term Loan
Credit facility	$ 998	$ 998

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
REVENUES
Revenues	$ 1,390	$ 1,346
EXPENSES
Other property-level expenses	92	98
Depreciation and amortization	170	178
Corporate and other expenses	29	28
Total operating costs and expenses	1,174	1,175
OPERATING PROFIT	216	171
Interest income	8	3
Interest expense	(43)	(44)
Gain on sale of assets	5	120
Equity in earnings of affiliates	5	10
INCOME BEFORE INCOME TAXES	191	260
Provision for income taxes	(2)	(4)
NET INCOME	189	256
Less: Net income attributable to non-controlling interests	(3)	(3)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 186	$ 253
Basic earnings per common share	$ 0.25	$ 0.34
Diluted earnings per common share	$ 0.25	$ 0.34
HOST HOTELS & RESORTS L.P.
REVENUES
Revenues	$ 1,390	$ 1,346
EXPENSES
Other property-level expenses	92	98
Depreciation and amortization	170	178
Corporate and other expenses	29	28
Total operating costs and expenses	1,174	1,175
OPERATING PROFIT	216	171
Interest income	8	3
Interest expense	(43)	(44)
Gain on sale of assets	5	120
Equity in earnings of affiliates	5	10
INCOME BEFORE INCOME TAXES	191	260
Provision for income taxes	(2)	(4)
NET INCOME	189	256
Less: Net income attributable to non-controlling interests	(1)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 188	$ 256
Basic earnings per common share	$ 0.26	$ 0.35
Diluted earnings per common share	$ 0.26	$ 0.35
Rooms
REVENUES
Revenues	$ 857	$ 844
EXPENSES
Expenses	217	224
Rooms | HOST HOTELS & RESORTS L.P.
REVENUES
Revenues	857	844
EXPENSES
Expenses	217	224
Food and Beverage
REVENUES
Revenues	433	413
EXPENSES
Expenses	285	278
Food and Beverage | HOST HOTELS & RESORTS L.P.
REVENUES
Revenues	433	413
EXPENSES
Expenses	285	278
Management Fees
EXPENSES
Expenses	54	54
Management Fees | HOST HOTELS & RESORTS L.P.
EXPENSES
Expenses	54	54
Other Departmental and Support Expenses
REVENUES
Revenues	100	89
EXPENSES
Expenses	327	315
Other Departmental and Support Expenses | HOST HOTELS & RESORTS L.P.
REVENUES
Revenues	100	89
EXPENSES
Expenses	$ 327	$ 315

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
NET INCOME	$ 189	$ 256
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation and other comprehensive income of unconsolidated affiliates		6
Change in fair value of derivative instruments	0	(1)
OTHER COMPREHENSIVE INCOME, NET OF TAX		5
COMPREHENSIVE INCOME	189	261
Less: Comprehensive (income) loss attributable to non-controlling interests	(3)	(3)
COMPREHENSIVE INCOME ATTRIBUTABLE TO REPORTING ENTITY	186	258
HOST HOTELS & RESORTS L.P.
NET INCOME	189	256
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation and other comprehensive income of unconsolidated affiliates		6
Change in fair value of derivative instruments	0	(1)
OTHER COMPREHENSIVE INCOME, NET OF TAX		5
COMPREHENSIVE INCOME	189	261
Less: Comprehensive (income) loss attributable to non-controlling interests	(1)
COMPREHENSIVE INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 188	$ 261

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
OPERATING ACTIVITIES
NET INCOME	$ 189	$ 256
Adjustments to reconcile to cash provided by operations:
Depreciation and amortization	170	178
Amortization of finance costs, discounts and premiums, net	2	2
Stock compensation expense	4	3
Gain on sale of assets	(5)	(120)
Equity in earnings of affiliates	(5)	(10)
Change in due from managers	(76)	(63)
Distributions from investments in affiliates		4
Changes in other assets	17	7
Changes in other liabilities	(89)	(9)
Net cash provided by operating activities	207	248
INVESTING ACTIVITIES
Proceeds from sales of assets, net	276	181
Advances to and investments in affiliates	(1)	(3)
Acquisitions	(593)	(1,019)
Capital expenditures:
Renewals and replacements	(58)	(86)
Return on investment	(52)	(29)
Property insurance proceeds		1
Net cash used in investing activities	(428)	(955)
FINANCING ACTIVITIES
Draws on credit facility		310
Dividends on common stock	(186)	(185)
Distributions and payments to non-controlling interests	(70)	(2)
Other financing activities	(5)	(4)
Net cash provided by (used in) financing activities	(261)	119
Effects of exchange rate changes on cash held		(1)
DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	(482)	(589)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD	1,756	1,109
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	1,274	520
Supplemental disclosure of cash flow information:
Cash and cash equivalents	1,082	323
Restricted cash (included in other assets)	1	1
Furniture, fixtures and equipment replacement fund	191	196
Total cash and cash equivalents and restricted cash shown in the statements of cash flows	1,274	520
Total interest paid	39	38
Income taxes paid	66	1
HOST HOTELS & RESORTS L.P.
OPERATING ACTIVITIES
NET INCOME	189	256
Adjustments to reconcile to cash provided by operations:
Depreciation and amortization	170	178
Amortization of finance costs, discounts and premiums, net	2	2
Stock compensation expense	4	3
Gain on sale of assets	(5)	(120)
Equity in earnings of affiliates	(5)	(10)
Change in due from managers	(76)	(63)
Distributions from investments in affiliates		4
Changes in other assets	17	7
Changes in other liabilities	(89)	(9)
Net cash provided by operating activities	207	248
INVESTING ACTIVITIES
Proceeds from sales of assets, net	276	181
Advances to and investments in affiliates	(1)	(3)
Acquisitions	(593)	(1,019)
Capital expenditures:
Renewals and replacements	(58)	(86)
Return on investment	(52)	(29)
Property insurance proceeds		1
Net cash used in investing activities	(428)	(955)
FINANCING ACTIVITIES
Draws on credit facility		310
Distributions on common OP units	(188)	(187)
Distributions and payments to non-controlling interests	(68)
Other financing activities	(5)	(4)
Net cash provided by (used in) financing activities	(261)	119
Effects of exchange rate changes on cash held		(1)
DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	(482)	(589)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD	1,756	1,109
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	1,274	520
Supplemental disclosure of cash flow information:
Cash and cash equivalents	1,082	323
Restricted cash (included in other assets)	1	1
Furniture, fixtures and equipment replacement fund	191	196
Total cash and cash equivalents and restricted cash shown in the statements of cash flows	1,274	520
Total interest paid	39	38
Income taxes paid	$ 66	$ 1

Organization

Organization	3 Months Ended
	Mar. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization	1. 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 March 31, 2019, Host Inc. holds approximately 99% of Host L.P.’s OP units. Consolidated Portfolio As of March 31, 2019, 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

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
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, 2018. 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 March 31, 2019, and the results of our operations and cash flows for the quarters ended March 31, 2019 and 2018, 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. New Accounting Standards Leases. On January 1, 2019, we adopted Accounting Standard Update (ASU) No. 2016-02, Leases (Topic 842), as amended, which affects aspects of accounting for lease agreements. Under the new standard, all leases in which we are the lessee, including operating leases, are recognized as lease assets and lease liabilities on the balance sheet. However, the adoption did not materially affect our statements of operations or statements of cash flows. For lease agreements in which we are the lessor, we have analyzed the impact of the standard and determined that there was no material impact to the recognition, measurement, or presentation of these revenues. Rooms revenues, which constitute the majority of our revenues, are considered short term leases. Additionally, we earn revenues from retail and office leases at our properties, which is included in other revenue. We adopted the standard using the effective date transition method with a cumulative-effect adjustment in the period of adoption. The standard provided several optional practical expedients for use in transition. We elected to use what the Financial Accounting Standards Board (“FASB”) has deemed the “package of practical expedients,” which allowed us not to reassess our previous conclusions about lease identification, lease classification and the accounting treatment for initial direct costs, and we elected not to reassess previous conclusions about land easements. Consequently, financial information will not be updated and disclosures required under the new standard will not be provided for dates and periods prior to January 1, 2019. Upon adoption, we recognized a right of use (“ROU”) asset and a related lease liability of $619 million and $628 million, respectively, with the prior year’s straight-line rent liability of $9 million reducing the ROU asset.

Earnings Per Common Share (Unit

Earnings Per Common Share (Unit)	3 Months Ended
	Mar. 31, 2019
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 partner interests to common OP units. No effect is shown for any securities that are anti-dilutive. We have 7.6 million common OP units, which are convertible into 7.7 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 March 31, 2019 2018 Net income $ 189 $ 256 Less: Net income attributable to non-controlling interests (3 ) (3 ) Net income attributable to Host Inc. $ 186 $ 253 Basic weighted average shares outstanding 740.6 739.2 Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market 0.2 0.4 Diluted weighted average shares outstanding 740.8 739.6 Basic earnings per common share $ .25 $ .34 Diluted earnings per common share $ .25 $ .34 The calculation of Host L.P. basic and diluted earnings per unit is shown below (in millions, except per unit amounts): Quarter ended March 31, 2019 2018 Net income $ 189 $ 256 Less: Net income attributable to non-controlling interests (1 ) — Net income attributable to Host L.P. $ 188 $ 256 Basic weighted average units outstanding 732.5 731.9 Assuming distribution of common units to support shares granted under the comprehensive stock plans, less shares assumed purchased at market 0.2 0.3 Diluted weighted average units outstanding 732.7 732.2 Basic earnings per common unit $ .26 $ .35 Diluted earnings per common unit $ .26 $ .35

Revenue

Revenue	3 Months Ended
	Mar. 31, 2019
Revenue From Contract With Customer [Abstract]
Revenue	4. Revenue Substantially all of our operating results represent revenues and expenses generated by property-level operations. Payments are due from customers 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 material unearned revenue 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. 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 12 – 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 March 31, Location 2019 2018 San Francisco/San Jose $ 135 $ 107 San Diego 129 133 Florida Gulf Coast 121 98 Phoenix 109 97 Maui/Oahu 104 81 New York 103 161 Washington, D.C. (Central Business District) 75 73 Orlando 70 70 Boston 54 54 Atlanta 46 42 Los Angeles 45 47 Miami 42 19 Northern Virginia 36 36 Houston 31 32 San Antonio 31 30 Orange County 30 29 New Orleans 30 28 Jacksonville 28 23 Chicago 27 30 Seattle 24 25 Denver 19 18 Philadelphia 18 19 Other 64 68 Domestic 1,371 1,320 International 19 26 Total $ 1,390 $ 1,346

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	5. Leases Taxable REIT Subsidiaries Leases We lease substantially all of our hotels to a wholly owned subsidiary that qualifies as a taxable REIT subsidiary due to the federal income tax prohibition on a REIT’s ability to derive revenue directly from the operations of a hotel. Ground Leases As of March 31, 2019, all or a portion of 25 of our hotels are subject to ground leases, generally with multiple renewal options, all of which are accounted for as operating leases. Payments for ground leases account for approximately 80% of our 2019 minimum lease payments and 99% of our total future minimum lease payments. For lease agreements with scheduled rent increases, we recognize the fixed portion of the lease expense ratably over the term of the lease. As the exercise of the renewal options were determined to be reasonably certain, the payments associated with the renewals have been included in the measurement of the lease liability and ROU asset. Contingent rentals based on a percentage of sales in excess of stipulated amounts are not included in the measurement of the lease liability and ROU asset but will be recognized as variable lease expense when they are incurred. However, certain of these leases contain provisions that increase the minimum lease payments based on an average of the variable lease payments made over the previous years, for which we will reevaluate the lease liability and ROU asset, as these payments now represent an increase in the minimum payments for the remainder of the lease term. Certain of these leases also contain provisions that increase the minimum lease payments based on an index such as the Consumer Price Index. Subsequent to the initial adoption of the new standard, such amounts are not included in the measurement of the lease liability and ROU asset but will be recognized as variable lease expense when they are incurred. The discount rate used to calculate the lease liability and ROU asset is based on our incremental borrowing rate (“IBR”), as the rate implicit in each lease is not readily determinable. To calculate our IBR, we obtained a forward curve using LIBOR swap rates, with terms ranging from one to fifty years, as well as corresponding bond spreads based on the terms of the leases and our credit risk. The resulting discount rates for our ground leases range from 4.3% to 5.7%. Office Leases and Other We have office leases for our headquarters office in Bethesda, which expires in 2022, as well as two satellite offices in Miami and San Diego, which expire in 2022 and 2021, respectively, with no renewal options. Our leasing activity also includes leases entered into by our hotels for various types of equipment that historically have been accounted for either as operating or capital leases, depending upon the characteristics of the particular lease arrangement. As we have elected to use the package of practical expedients, all existing capital leases now are classified as finance leases, which total $1 million at March 31, 2019. As disclosed in Note 2 – Summary of Significant Accounting Policies, we adopted ASU No. 2016-02, Leases (Topic 842) Leases The following table presents lease cost and other information for the quarter ended March 31, 2019 (in millions): Quarter ended March 31, 2019 Lease cost Operating lease cost $ 12 Variable lease cost 9 Total lease cost $ 21 Other information Operating cash flows used for operating leases $ 12 Weighted-average remaining lease term - operating leases 45 years Weighted-average discount rate - operating leases 5.4 % The following table presents a reconciliation of the total amount of lease payments, on an undiscounted basis, to the lease liability in the statement of financial position for the quarter ended March 31, 2019 (in millions): Quarter ended March 31, 2019 Ground Leases Office Leases and Other Total Weighted-average discount rate - operating leases 5.4 % 4.0 % 5.4 % April 1, 2019 - December 31, 2019 $ 28 $ 6 $ 34 2020 37 7 44 2021 37 6 43 2022 37 3 40 2023 37 — 37 Thereafter 1,513 — 1,513 Total undiscounted cash flows $ 1,689 $ 22 $ 1,711 Present values Long-term lease liabilities $ 604 $ 21 $ 625 Total lease liabilities $ 604 $ 21 $ 625 Difference between undiscounted cash flows and discounted cash flows $ 1,085 $ 1 $ 1,086 The following table presents the future minimum annual rental commitments, excluding renewal periods, as of December 31, 2018, for which we are the lessee, required under non-cancelable operating leases in accordance with ASC 840, under which we report prior to January 1, 2019 (in millions): As of December 31, 2018 2019 $ 46 2020 44 2021 43 2022 40 2023 37 Thereafter 1,309 Total minimum lease payments $ 1,519

Property and Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2019
Property Plant And Equipment [Abstract]
Property and Equipment	6. Property and Equipment Property and equipment consists of the following (in millions): March 31, 2019 December 31, 2018 Land and land improvements $ 2,127 $ 1,960 Buildings and leasehold improvements 14,076 13,586 Furniture and equipment 2,418 2,411 Construction in progress 193 220 18,814 18,177 Less accumulated depreciation and amortization (8,518 ) (8,417 ) $ 10,296 $ 9,760

Debt

Debt	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Debt	7. Debt Credit Facility. As of March 31, 2019, we had $944 million of available capacity under the revolver portion of our credit facility.

Equity of Host Inc. and Capital

Equity of Host Inc. and Capital of Host L.P.	3 Months Ended
	Mar. 31, 2019
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, 2018 $ 7,494 $ 72 $ 7,566 $ 128 Net income 186 1 187 2 Issuance of common stock for comprehensive stock plans, net (2 ) — (2 ) — Dividends declared on common stock (148 ) — (148 ) — Distributions to non-controlling interests — (67 ) (67 ) (2 ) Changes in ownership and other (17 ) 1 (16 ) 19 Balance, March 31, 2019 $ 7,513 $ 7 $ 7,520 $ 147 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 253 — 253 3 Issuance of common stock for comprehensive stock plans, net (1 ) — (1 ) — Dividends declared on common stock (148 ) — (148 ) — Distributions to non-controlling interests — — — (2 ) Changes in ownership and other 12 — 12 (12 ) Other comprehensive income 5 — 5 — Cumulative effect of accounting change 5 — 5 — Balance, March 31, 2018 $ 7,099 $ 29 $ 7,128 $ 156 Capital of Host L.P. As of March 31, 2019, 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, 2018 $ 7,494 $ 72 $ 7,566 $ 128 Net income 186 1 187 2 Issuance of common OP units to Host Inc. for comprehensive stock plans, net (2 ) — (2 ) — Distributions declared on common OP units (148 ) — (148 ) (2 ) Distributions to non-controlling interests — (67 ) (67 ) — Changes in ownership and other (17 ) 1 (16 ) 19 Balance, March 31, 2019 $ 7,513 $ 7 $ 7,520 $ 147 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 253 — 253 3 Issuance of common OP units to Host Inc. for comprehensive stock plans, net (1 ) — (1 ) — Distributions declared on common OP units (148 ) — (148 ) (2 ) Changes in ownership and other 12 — 12 (12 ) Other comprehensive income 5 — 5 — Cumulative effect of accounting change 5 — 5 — Balance, March 31, 2018 $ 7,099 $ 29 $ 7,128 $ 156 Dividends/Distributions On February 19, 2019, 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 April 15, 2019 to stockholders of record as of March 29, 2019. 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	3 Months Ended
	Mar. 31, 2019
Disposal Group Not Discontinued Operation Disposal Disclosures [Abstract]
Dispositions	9. Dispositions During the first quarter, we sold The Westin New York Grand Central for $302 million, including approximately $20 million of FF&E funds, and recorded a gain on sale of $3 million.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2019
Business Combinations [Abstract]
Acquisitions	10. Acquisitions On February 14, 2019, we acquired the fee simple interest in the 429-room 1 Hotel South Beach for a total purchase price of $610 million. Consideration included the issuance of $23 million of preferred OP units that are included in debt, as they are redeemable at the option of the holder, and $3 million of common OP units

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	11. Fair Value Measurements 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): March 31, 2019 December 31, 2018 Carrying Amount Fair Value Carrying Amount Fair Value Financial liabilities Senior notes (Level 1) $ 2,783 $ 2,868 $ 2,782 $ 2,808 Credit facility (Level 2) 1,051 1,056 1,049 1,055

Geographic Information

Geographic Information	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Geographic Information	12. 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. Accordingly, we report one reportable segment: hotel ownership. Our consolidated foreign operations consist of hotels in two countries as of March 31, 2019. 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 Property and Equipment, net Quarter ended March 31, March 31, December 31, 2019 2018 2019 2018 United States $ 1,371 $ 1,320 $ 10,189 $ 9,651 Brazil 6 5 47 49 Canada 13 14 60 60 Mexico — 7 — — Total $ 1,390 $ 1,346 $ 10,296 $ 9,760

Non-Controlling Interests

Non-Controlling Interests	3 Months Ended
	Mar. 31, 2019
Noncontrolling Interest [Abstract]
Non-Controlling Interests	13. 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. Redeemable 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: March 31, 2019 December 31, 2018 Common OP units outstanding (millions) 7.6 7.5 Market price per Host Inc. common share $ 18.90 $ 16.67 Shares issuable upon conversion of one common OP unit 1.021494 1.021494 Redemption value (millions) $ 147 $ 128 Historical cost (millions) 80 78 Book value (millions) (1) 147 128 ___________ (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 ownership interests. The third-party partnership interests are included in non-redeemable non-controlling interests — other consolidated partnerships on the balance sheets and totaled $7 million and $72 million as of March 31, 2019 and December 31, 2018, respectively.

Legal Proceedings

Legal Proceedings	3 Months Ended
	Mar. 31, 2019
Commitments And Contingencies Disclosure [Abstract]
Legal Proceedings	14. 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 March 31, 2019 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)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
New Accounting Standards	New Accounting Standards Leases. On January 1, 2019, we adopted Accounting Standard Update (ASU) No. 2016-02, Leases (Topic 842), as amended, which affects aspects of accounting for lease agreements. Under the new standard, all leases in which we are the lessee, including operating leases, are recognized as lease assets and lease liabilities on the balance sheet. However, the adoption did not materially affect our statements of operations or statements of cash flows. For lease agreements in which we are the lessor, we have analyzed the impact of the standard and determined that there was no material impact to the recognition, measurement, or presentation of these revenues. Rooms revenues, which constitute the majority of our revenues, are considered short term leases. Additionally, we earn revenues from retail and office leases at our properties, which is included in other revenue. We adopted the standard using the effective date transition method with a cumulative-effect adjustment in the period of adoption. The standard provided several optional practical expedients for use in transition. We elected to use what the Financial Accounting Standards Board (“FASB”) has deemed the “package of practical expedients,” which allowed us not to reassess our previous conclusions about lease identification, lease classification and the accounting treatment for initial direct costs, and we elected not to reassess previous conclusions about land easements. Consequently, financial information will not be updated and disclosures required under the new standard will not be provided for dates and periods prior to January 1, 2019. Upon adoption, we recognized a right of use (“ROU”) asset and a related lease liability of $619 million and $628 million, respectively, with the prior year’s straight-line rent liability of $9 million reducing the ROU asset.

Organization (Tables)

Organization (Tables)	3 Months Ended
	Mar. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Consolidated Portfolio of Hotels by Location	As of March 31, 2019, 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)	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019 2018 Net income $ 189 $ 256 Less: Net income attributable to non-controlling interests (3 ) (3 ) Net income attributable to Host Inc. $ 186 $ 253 Basic weighted average shares outstanding 740.6 739.2 Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market 0.2 0.4 Diluted weighted average shares outstanding 740.8 739.6 Basic earnings per common share $ .25 $ .34 Diluted earnings per common share $ .25 $ .34
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 March 31, 2019 2018 Net income $ 189 $ 256 Less: Net income attributable to non-controlling interests (1 ) — Net income attributable to Host L.P. $ 188 $ 256 Basic weighted average units outstanding 732.5 731.9 Assuming distribution of common units to support shares granted under the comprehensive stock plans, less shares assumed purchased at market 0.2 0.3 Diluted weighted average units outstanding 732.7 732.2 Basic earnings per common unit $ .26 $ .35 Diluted earnings per common unit $ .26 $ .35

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2019
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 12 – 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 March 31, Location 2019 2018 San Francisco/San Jose $ 135 $ 107 San Diego 129 133 Florida Gulf Coast 121 98 Phoenix 109 97 Maui/Oahu 104 81 New York 103 161 Washington, D.C. (Central Business District) 75 73 Orlando 70 70 Boston 54 54 Atlanta 46 42 Los Angeles 45 47 Miami 42 19 Northern Virginia 36 36 Houston 31 32 San Antonio 31 30 Orange County 30 29 New Orleans 30 28 Jacksonville 28 23 Chicago 27 30 Seattle 24 25 Denver 19 18 Philadelphia 18 19 Other 64 68 Domestic 1,371 1,320 International 19 26 Total $ 1,390 $ 1,346

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Lease Costs and Other Information	The following table presents lease cost and other information for the quarter ended March 31, 2019 (in millions): Quarter ended March 31, 2019 Lease cost Operating lease cost $ 12 Variable lease cost 9 Total lease cost $ 21 Other information Operating cash flows used for operating leases $ 12 Weighted-average remaining lease term - operating leases 45 years Weighted-average discount rate - operating leases 5.4 %
Reconciliation of Total Lease Payments, on Undiscounted Basis, to Lease Liability in Statement of Financial Position	The following table presents a reconciliation of the total amount of lease payments, on an undiscounted basis, to the lease liability in the statement of financial position for the quarter ended March 31, 2019 (in millions): Quarter ended March 31, 2019 Ground Leases Office Leases and Other Total Weighted-average discount rate - operating leases 5.4 % 4.0 % 5.4 % April 1, 2019 - December 31, 2019 $ 28 $ 6 $ 34 2020 37 7 44 2021 37 6 43 2022 37 3 40 2023 37 — 37 Thereafter 1,513 — 1,513 Total undiscounted cash flows $ 1,689 $ 22 $ 1,711 Present values Long-term lease liabilities $ 604 $ 21 $ 625 Total lease liabilities $ 604 $ 21 $ 625 Difference between undiscounted cash flows and discounted cash flows $ 1,085 $ 1 $ 1,086
Future Minimum Annual Rental Commitments, Excluding Renewal Period, Required Under Non-Cancelable Operating Leases in Accordance with ASC 840	The following table presents the future minimum annual rental commitments, excluding renewal periods, as of December 31, 2018, for which we are the lessee, required under non-cancelable operating leases in accordance with ASC 840, under which we report prior to January 1, 2019 (in millions): As of December 31, 2018 2019 $ 46 2020 44 2021 43 2022 40 2023 37 Thereafter 1,309 Total minimum lease payments $ 1,519

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2019
Property Plant And Equipment [Abstract]
Property and Equipment	Property and equipment consists of the following (in millions): March 31, 2019 December 31, 2018 Land and land improvements $ 2,127 $ 1,960 Buildings and leasehold improvements 14,076 13,586 Furniture and equipment 2,418 2,411 Construction in progress 193 220 18,814 18,177 Less accumulated depreciation and amortization (8,518 ) (8,417 ) $ 10,296 $ 9,760

Equity of Host Inc. and Capit_2

Equity of Host Inc. and Capital of Host L.P. (Tables)	3 Months Ended
	Mar. 31, 2019
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, 2018 $ 7,494 $ 72 $ 7,566 $ 128 Net income 186 1 187 2 Issuance of common stock for comprehensive stock plans, net (2 ) — (2 ) — Dividends declared on common stock (148 ) — (148 ) — Distributions to non-controlling interests — (67 ) (67 ) (2 ) Changes in ownership and other (17 ) 1 (16 ) 19 Balance, March 31, 2019 $ 7,513 $ 7 $ 7,520 $ 147 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 253 — 253 3 Issuance of common stock for comprehensive stock plans, net (1 ) — (1 ) — Dividends declared on common stock (148 ) — (148 ) — Distributions to non-controlling interests — — — (2 ) Changes in ownership and other 12 — 12 (12 ) Other comprehensive income 5 — 5 — Cumulative effect of accounting change 5 — 5 — Balance, March 31, 2018 $ 7,099 $ 29 $ 7,128 $ 156
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, 2018 $ 7,494 $ 72 $ 7,566 $ 128 Net income 186 1 187 2 Issuance of common OP units to Host Inc. for comprehensive stock plans, net (2 ) — (2 ) — Distributions declared on common OP units (148 ) — (148 ) (2 ) Distributions to non-controlling interests — (67 ) (67 ) — Changes in ownership and other (17 ) 1 (16 ) 19 Balance, March 31, 2019 $ 7,513 $ 7 $ 7,520 $ 147 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 253 — 253 3 Issuance of common OP units to Host Inc. for comprehensive stock plans, net (1 ) — (1 ) — Distributions declared on common OP units (148 ) — (148 ) (2 ) Changes in ownership and other 12 — 12 (12 ) Other comprehensive income 5 — 5 — Cumulative effect of accounting change 5 — 5 — Balance, March 31, 2018 $ 7,099 $ 29 $ 7,128 $ 156

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2019
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): March 31, 2019 December 31, 2018 Carrying Amount Fair Value Carrying Amount Fair Value Financial liabilities Senior notes (Level 1) $ 2,783 $ 2,868 $ 2,782 $ 2,808 Credit facility (Level 2) 1,051 1,056 1,049 1,055

Geographic Information (Tables)

Geographic Information (Tables)	3 Months Ended
	Mar. 31, 2019
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 Property and Equipment, net Quarter ended March 31, March 31, December 31, 2019 2018 2019 2018 United States $ 1,371 $ 1,320 $ 10,189 $ 9,651 Brazil 6 5 47 49 Canada 13 14 60 60 Mexico — 7 — — Total $ 1,390 $ 1,346 $ 10,296 $ 9,760

Non-controlling Interests (Tabl

Non-controlling Interests (Tables)	3 Months Ended
	Mar. 31, 2019
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: March 31, 2019 December 31, 2018 Common OP units outstanding (millions) 7.6 7.5 Market price per Host Inc. common share $ 18.90 $ 16.67 Shares issuable upon conversion of one common OP unit 1.021494 1.021494 Redemption value (millions) $ 147 $ 128 Historical cost (millions) 80 78 Book value (millions) (1) 147 128 ___________ (1) The book value recorded is equal to the greater of redemption value or historical cost.

Organization - Additional Infor

Organization - Additional Information (Detail)	Mar. 31, 2019
Host L.P.
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)	Mar. 31, 2019Hotel
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) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Significant Accounting Policies [Line Items]
Right-of-use assets	$ 616
Lease liabilities	625
ASU 2016-02
Significant Accounting Policies [Line Items]
Lease liabilities	628
ASU 2016-02 | Asset
Significant Accounting Policies [Line Items]
Right-of-use assets	619
ASU 2016-02 | Rent Liability
Significant Accounting Policies [Line Items]
Reduction of the rent liability due to adoption	$ 9
Host L.P.
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	3 Months Ended
	Mar. 31, 2019shares
Shares Subject To Mandatory Redemption By Settlement Terms [Line Items]
Common OP units outstanding	7.6
Number of common shares that would be outstanding if OP units were converted	7.7

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
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
NET INCOME	$ 189	$ 256
Less: Net income attributable to non-controlling interests	(3)	(3)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 186	$ 253
Basic weighted average shares outstanding	740.6	739.2
Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market	0.2	0.4
Diluted weighted average shares/units outstanding	740.8	739.6
Basic earnings per common share	$ 0.25	$ 0.34
Diluted earnings per common share	$ 0.25	$ 0.34

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
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share Diluted [Line Items]
NET INCOME	$ 189	$ 256
Less: Net income attributable to non-controlling interests	(3)	(3)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 186	$ 253
Basic weighted average shares outstanding	740.6	739.2
Assuming distribution of common units to support shares granted under the comprehensive stock plans, less shares assumed purchased at market	0.2	0.4
Diluted weighted average shares/units outstanding	740.8	739.6
Basic earnings per common share	$ 0.25	$ 0.34
Diluted earnings per common share	$ 0.25	$ 0.34
HOST HOTELS & RESORTS L.P.
Earnings Per Share Diluted [Line Items]
NET INCOME	$ 189	$ 256
Less: Net income attributable to non-controlling interests	(1)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 188	$ 256
Basic weighted average shares outstanding	732.5	731.9
Assuming distribution of common units to support shares granted under the comprehensive stock plans, less shares assumed purchased at market	0.2	0.3
Diluted weighted average shares/units outstanding	732.7	732.2
Basic earnings per common share	$ 0.26	$ 0.35
Diluted earnings per common share	$ 0.26	$ 0.35

Summary of Hotel Revenues by Ma

Summary of Hotel Revenues by Market Locations (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disaggregation Of Revenue [Line Items]
Revenues	$ 1,390	$ 1,346
San Francisco/San Jose
Disaggregation Of Revenue [Line Items]
Revenues	135	107
San Diego
Disaggregation Of Revenue [Line Items]
Revenues	129	133
Florida Gulf Coast
Disaggregation Of Revenue [Line Items]
Revenues	121	98
Phoenix
Disaggregation Of Revenue [Line Items]
Revenues	109	97
Maui/Oahu
Disaggregation Of Revenue [Line Items]
Revenues	104	81
New York
Disaggregation Of Revenue [Line Items]
Revenues	103	161
Washington, D.C. (Central Business District)
Disaggregation Of Revenue [Line Items]
Revenues	75	73
Orlando
Disaggregation Of Revenue [Line Items]
Revenues	70	70
Boston
Disaggregation Of Revenue [Line Items]
Revenues	54	54
Atlanta
Disaggregation Of Revenue [Line Items]
Revenues	46	42
Los Angeles
Disaggregation Of Revenue [Line Items]
Revenues	45	47
Miami
Disaggregation Of Revenue [Line Items]
Revenues	42	19
Northern Virginia
Disaggregation Of Revenue [Line Items]
Revenues	36	36
Houston
Disaggregation Of Revenue [Line Items]
Revenues	31	32
San Antonio
Disaggregation Of Revenue [Line Items]
Revenues	31	30
Orange County
Disaggregation Of Revenue [Line Items]
Revenues	30	29
New Orleans
Disaggregation Of Revenue [Line Items]
Revenues	30	28
Jacksonville
Disaggregation Of Revenue [Line Items]
Revenues	28	23
Chicago
Disaggregation Of Revenue [Line Items]
Revenues	27	30
Seattle
Disaggregation Of Revenue [Line Items]
Revenues	24	25
Denver
Disaggregation Of Revenue [Line Items]
Revenues	19	18
Philadelphia
Disaggregation Of Revenue [Line Items]
Revenues	18	19
Other
Disaggregation Of Revenue [Line Items]
Revenues	64	68
United States
Disaggregation Of Revenue [Line Items]
Revenues	1,371	1,320
International
Disaggregation Of Revenue [Line Items]
Revenues	$ 19	$ 26

Leases - Additional Information

Leases - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)GroundLeaseOffice
Lessee Lease Description [Line Items]
Number of ground leases | GroundLease	25
Financial leases | $	$ 1
Ground Leases
Lessee Lease Description [Line Items]
Percentage of 2019 minimum lease payments	80.00%
Percentage of total future minimum lease payments	99.00%
Ground Leases | Minimum
Lessee Lease Description [Line Items]
Discount rates	4.30%
Ground Leases | Minimum | IBR
Lessee Lease Description [Line Items]
LIBOR swap rates, terms used to calculate IBR	1 year
Ground Leases | Maximum
Lessee Lease Description [Line Items]
Discount rates	5.70%
Ground Leases | Maximum | IBR
Lessee Lease Description [Line Items]
LIBOR swap rates, terms used to calculate IBR	50 years
Office Leases | Bethesda
Lessee Lease Description [Line Items]
Lease expiration date	2022
Office Leases | Miami
Lessee Lease Description [Line Items]
Lease expiration date	2022
Office Leases | San Diego
Lessee Lease Description [Line Items]
Lease expiration date	2021
Office Leases | Miami and San Diego
Lessee Lease Description [Line Items]
Number of satellite offices | Office	2

Lease Costs and Other Informati

Lease Costs and Other Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Lease cost
Operating lease cost	$ 12
Variable lease cost	9
Total lease cost	21
Other information
Operating cash flows used for operating leases	$ 12
Weighted-average remaining lease term - operating leases	45 years
Weighted-average discount rate - operating leases	5.40%

Reconciliation of Total Lease P

Reconciliation of Total Lease Payments, on Undiscounted Basis, to Lease Liability in Statement of Financial Position (Detail) $ in Millions	Mar. 31, 2019USD ($)
Lessee Lease Description [Line Items]
Weighted-average discount rate - operating leases	5.40%
April 1, 2019 - December 31, 2019	$ 34
2020	44
2021	43
2022	40
2023	37
Thereafter	1,513
Total undiscounted cash flows	1,711
Long-term lease liabilities	625
Lease liabilities	625
Difference between undiscounted cash flows and discounted cash flows	$ 1,086
Ground Leases
Lessee Lease Description [Line Items]
Weighted-average discount rate - operating leases	5.40%
April 1, 2019 - December 31, 2019	$ 28
2020	37
2021	37
2022	37
2023	37
Thereafter	1,513
Total undiscounted cash flows	1,689
Long-term lease liabilities	604
Lease liabilities	604
Difference between undiscounted cash flows and discounted cash flows	$ 1,085
Office Leases and Other
Lessee Lease Description [Line Items]
Weighted-average discount rate - operating leases	4.00%
April 1, 2019 - December 31, 2019	$ 6
2020	7
2021	6
2022	3
Total undiscounted cash flows	22
Long-term lease liabilities	21
Lease liabilities	21
Difference between undiscounted cash flows and discounted cash flows	$ 1

Future Minimum Annual Rental Co

Future Minimum Annual Rental Commitments, Excluding Renewal Period, Required Under Non-Cancelable Operating Leases in Accordance with ASC 840 (Detail) $ in Millions	Dec. 31, 2018USD ($)
Operating Leases
2019	$ 46
2020	44
2021	43
2022	40
2023	37
Thereafter	1,309
Total minimum lease payments	$ 1,519

Summary of Property and Equipme

Summary of Property and Equipment (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Property Plant And Equipment [Abstract]
Land and land improvements	$ 2,127	$ 1,960
Buildings and leasehold improvements	14,076	13,586
Furniture and equipment	2,418	2,411
Construction in progress	193	220
Property, Plant and Equipment, Gross, Total	18,814	18,177
Less accumulated depreciation and amortization	(8,518)	(8,417)
Property and equipment, net	$ 10,296	$ 9,760

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Debt Instrument [Line Items]
Proceeds from line of credit facility		$ 310,000,000
Revolver
Debt Instrument [Line Items]
Proceeds from line of credit facility	$ 0
Repayment of line of credit facility	0
Line of credit facility remaining borrowing capacity	$ 944,000,000

Equity Allocation between Contr

Equity Allocation between Controlling and Non-Controlling Interests (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Stockholders Equity Note [Line Items]
Beginning Balance	$ 7,566
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	186	$ 253
Other comprehensive loss		5
Ending Balance	7,520
HOST HOTELS & RESORTS, INC.
Stockholders Equity Note [Line Items]
Beginning Balance	7,566	7,002
Net income	187	253
Issuance of common stock for comprehensive stock plans, net	(2)	(1)
Dividends declared on common stock	(148)	(148)
Distributions to non-controlling interests	(67)
Changes in ownership and other	(16)	12
Other comprehensive loss		5
Cumulative effect of accounting change		5
Ending Balance	7,520	7,128
HOST HOTELS & RESORTS, INC. | Parent
Stockholders Equity Note [Line Items]
Beginning Balance	7,494	6,973
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	186	253
Issuance of common stock for comprehensive stock plans, net	(2)	(1)
Dividends declared on common stock	(148)	(148)
Changes in ownership and other	(17)	12
Other comprehensive loss		5
Cumulative effect of accounting change		5
Ending Balance	7,513	7,099
HOST HOTELS & RESORTS, INC. | Non-redeemable, non-controlling interest
Stockholders Equity Note [Line Items]
Beginning Balance	72	29
Net income attributable to non-controlling interests	1
Distributions to non-controlling interests	(67)
Changes in ownership and other	1
Ending Balance	7	29
HOST HOTELS & RESORTS, INC. | Redeemable non-controlling interests
Stockholders Equity Note [Line Items]
Beginning Balance	128	167
Net income	2	3
Distributions to non-controlling interests	(2)	(2)
Changes in ownership and other	19	(12)
Ending Balance	$ 147	$ 156

Equity of Host Inc. and Capit_3

Equity of Host Inc. and Capital of Host L.P. - Additional Information (Detail)	Feb. 19, 2019$ / shares	Mar. 31, 2019$ / shares	Dec. 31, 2018
Host L.P.
Stockholders Equity Note [Line Items]
Percentage of the common OP units		99.00%
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
HOST HOTELS & RESORTS, INC.
Stockholders Equity Note [Line Items]
Dividend declaration date	Feb. 19, 2019
Dividend per share, declared	$ 0.20
Dividend paid date	Apr. 15, 2019
Dividend record date	Mar. 29, 2019

Capital Allocation between Cont

Capital Allocation between Controlling and Non-Controlling Interests (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Limited Partners Capital Account [Line Items]
Beginning Balance	$ 7,566
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	186	$ 253
Other comprehensive loss		5
Ending Balance	7,520
HOST HOTELS & RESORTS L.P.
Limited Partners Capital Account [Line Items]
Beginning Balance	7,566	7,002
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	188	256
Net income	187	253
Issuance of common stock for comprehensive stock plans, net	(2)	(1)
Distributions declared on common OP units	(148)	(148)
Distributions to non-controlling interests	(67)
Changes in ownership and other	(16)	12
Other comprehensive loss		5
Cumulative effect of accounting change		5
Ending Balance	7,520	7,128
HOST HOTELS & RESORTS L.P. | Parent
Limited Partners Capital Account [Line Items]
Beginning Balance	7,494	6,973
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	186
Net income		253
Issuance of common stock for comprehensive stock plans, net	(2)	(1)
Distributions declared on common OP units	(148)	(148)
Changes in ownership and other	(17)	12
Other comprehensive loss		5
Cumulative effect of accounting change		5
Ending Balance	7,513	7,099
HOST HOTELS & RESORTS L.P. | Non-redeemable, non-controlling interest
Limited Partners Capital Account [Line Items]
Beginning Balance	72	29
Net income attributable to non-controlling interests	1
Distributions to non-controlling interests	(67)
Changes in ownership and other	1
Ending Balance	7	29
HOST HOTELS & RESORTS L.P. | Limited partnership interests of third parties
Limited Partners Capital Account [Line Items]
Beginning Balance	128	167
Net income	2	3
Distributions declared on common OP units	(2)	(2)
Changes in ownership and other	19	(12)
Ending Balance	$ 147	$ 156

Dispositions - Additional Infor

Dispositions - Additional Information (Detail) - USD ($) $ in Millions	Apr. 01, 2019	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sales of assets, net		$ 276	$ 181
Furniture, fixtures and equipment replacement fund		191	$ 196	$ 213
Westin New York Grand Central
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sales of assets, net		302
Furniture, fixtures and equipment replacement fund		20
Gain on sale of business		$ 3
Westin Mission Hills Golf Resort & Spa | Subsequent Event
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sales of assets, net	$ 27

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - 1 Hotel South Beach $ in Millions	Feb. 14, 2019USD ($)Room
Asset Acquisition And Business Combination [Line Items]
Number of rooms | Room	429
Acquisition purchase price	$ 610
Preferred OP units issued	23
Common OP units issued	$ 3

Fair Values of Certain Financia

Fair Values of Certain Financial Liabilities and Other Financial Instruments (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Financial liabilities
Senior notes	$ 2,783	$ 2,782
Credit facility, carrying value	1,051	1,049
Quoted Prices in Active Markets for Identical Assets (Level 1) | Senior Notes
Financial liabilities
Senior notes (Level 1), fair value	2,868	2,808
Significant Other Observable Inputs (Level 2)
Financial liabilities
Credit facility (Level 2), fair value	$ 1,056	$ 1,055

Geographic Information - Additi

Geographic Information - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2019SegmentCountry
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
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total Revenues	$ 1,390	$ 1,346
Property and equipment, net	10,296		$ 9,760
United States
Segment Reporting Information [Line Items]
Total Revenues	1,371	1,320
Property and equipment, net	10,189		9,651
Brazil
Segment Reporting Information [Line Items]
Total Revenues	6	5
Property and equipment, net	47		49
Canada
Segment Reporting Information [Line Items]
Total Revenues	13	14
Property and equipment, net	$ 60		$ 60
Mexico
Segment Reporting Information [Line Items]
Total Revenues		$ 7

Non-Controlling Interests - Add

Non-Controlling Interests - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)Entity	Dec. 31, 2018USD ($)
Minority Interest [Line Items]
Number of majority-owned partnerships that have third-party, non-controlling ownership interests that have been consolidated | Entity	2
Non-redeemable non-controlling interests - other consolidated partnerships | $	$ 7	$ 72
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		Mar. 31, 2019USD ($)$ / sharesshares	Dec. 31, 2018USD ($)$ / sharesshares
Shares Subject To Mandatory Redemption By Settlement Terms [Line Items]
Book value (millions)		$ 147	$ 128
HOST HOTELS & RESORTS L.P.
Shares Subject To Mandatory Redemption By Settlement Terms [Line Items]
Common OP units outstanding (millions) | shares		7.6	7.5
Market price per Host Inc. common share | $ / shares		$ 18.90	$ 16.67
Shares issuable upon conversion of one common OP unit		1.021494	1.021494
Redemption value (millions)		$ 147	$ 128
Historical cost (millions)		80	78
Book value (millions)	[1]	$ 147	$ 128
[1]	The book value recorded is equal to the greater of redemption value or historical cost.

Legal Proceedings - Additional

Legal Proceedings - Additional Information (Detail)	Mar. 31, 2019USD ($)
Other Litigation Cases | Upper Limit
Loss Contingencies [Line Items]
Loss contingency , estimate of possible loss	$ 150,000