Host Hotels & Resorts (HST) 10-Q 7 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 05, 2019
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
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 Shell Company	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, $.01 par value
Trading Symbol	HST
Security Exchange Name	NYSE
Entity File Number	001-14625
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	53-0085950
Entity Address, Address Line One	6903 Rockledge Drive
Entity Address, Address Line Two	Suite 1500
Entity Address, City or Town	Bethesda
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	20817
City Area Code	240
Local Phone Number	744-1000
Document Quarterly Report	true
Document Transition Report	false
Entity Common Stock, Shares Outstanding		717,178,100
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
Entity Shell Company	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity File Number	0-25087
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	52-2095412
Entity Address, Address Line One	6903 Rockledge Drive
Entity Address, Address Line Two	Suite 1500
Entity Address, City or Town	Bethesda
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	20817
City Area Code	240
Local Phone Number	744-1000

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions		Sep. 30, 2019	Dec. 31, 2018
ASSETS
Property and equipment, net		$ 9,688	$ 9,760
Right-of-use assets		549
Assets held for sale		349	281
Due from managers		104	71
Advances to and investments in affiliates		59	48
Furniture, fixtures and equipment replacement fund		184	213
Other		169	175
Cash and cash equivalents		2,030	1,542
Total assets		13,132	12,090
Debt
Senior notes		3,425	2,782
Credit facility, including term loans of $997 and $998, respectively		989	1,049
Other debt		28	6
Total debt		4,442	3,837
Lease liabilities		558
Accounts payable and accrued expenses		277	293
Liabilities held for sale		38
Other		179	266
Total liabilities		5,494	4,396
Partnership interests		133	128
Host Hotels & Resorts, Inc. stockholders’ equity:
Common stock, par value $.01, 1,050 million shares authorized, 718.5 million shares and 740.4 million shares issued and outstanding, respectively		7	7
Additional paid-in capital		7,762	8,156
Accumulated other comprehensive loss		(62)	(59)
Deficit		(208)	(610)
Total equity of Host Hotels & Resorts, Inc. stockholders		7,499	7,494
Non-redeemable non-controlling interests—other consolidated partnerships		6	72
Total equity		7,505	7,566
Total liabilities, non-controlling interests and equity		13,132	12,090
Host Hotels & Resorts, L.P. capital:
Accumulated other comprehensive loss		(62)	(59)
HOST HOTELS & RESORTS L.P.
ASSETS
Property and equipment, net		9,688	9,760
Right-of-use assets		549
Assets held for sale		349	281
Due from managers		104	71
Advances to and investments in affiliates		59	48
Furniture, fixtures and equipment replacement fund		184	213
Other		169	175
Cash and cash equivalents		2,030	1,542
Total assets		13,132	12,090
Debt
Senior notes		3,425	2,782
Credit facility, including term loans of $997 and $998, respectively		989	1,049
Other debt		28	6
Total debt		4,442	3,837
Lease liabilities		558
Accounts payable and accrued expenses		277	293
Liabilities held for sale		38
Other		179	266
Total liabilities		5,494	4,396
Partnership interests	[1]	133	128
Host Hotels & Resorts, Inc. stockholders’ equity:
Accumulated other comprehensive loss		(62)	(59)
Total liabilities, non-controlling interests and equity		13,132	12,090
Host Hotels & Resorts, L.P. capital:
General partner		1	1
Limited partner		7,560	7,552
Accumulated other comprehensive loss		(62)	(59)
Total Host Hotels & Resorts, L.P. capital		7,499	7,494
Non-controlling interests—consolidated partnerships		6	72
Total capital		$ 7,505	$ 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	Sep. 30, 2019	Dec. 31, 2018
Credit facility	$ 989	$ 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	718,500,000	740,400,000
Common stock, shares outstanding	718,500,000	740,400,000
Term Loan
Credit facility	$ 997	$ 998

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
REVENUES
Revenues	$ 1,262	$ 1,299	$ 4,135	$ 4,163
EXPENSES
Other property-level expenses	85	90	268	287
Depreciation and amortization	165	412	501	779
Corporate and other expenses	26	24	80	82
Gain on insurance and business interruption settlements	(4)		(4)
Total operating costs and expenses	1,125	1,391	3,502	3,821
OPERATING PROFIT (LOSS)	137	(92)	633	342
Interest income	8	3	23	8
Interest expense	(46)	(45)	(132)	(134)
Gain on sale of assets	274	547	336	667
Gain (loss) on foreign currency transactions and derivatives	(1)	1
Equity in earnings of affiliates	4	6	13	25
INCOME BEFORE INCOME TAXES	376	420	873	908
Provision for income taxes	(4)	(42)	(22)	(63)
NET INCOME	372	378	851	845
Less: Net income attributable to non-controlling interests	(4)	(56)	(11)	(61)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 368	$ 322	$ 840	$ 784
Basic earnings per common share	$ 0.51	$ 0.43	$ 1.14	$ 1.06
Diluted earnings per common share	$ 0.51	$ 0.43	$ 1.14	$ 1.06
HOST HOTELS & RESORTS L.P.
REVENUES
Revenues	$ 1,262	$ 1,299	$ 4,135	$ 4,163
EXPENSES
Other property-level expenses	85	90	268	287
Depreciation and amortization	165	412	501	779
Corporate and other expenses	26	24	80	82
Gain on insurance and business interruption settlements	(4)		(4)
Total operating costs and expenses	1,125	1,391	3,502	3,821
OPERATING PROFIT (LOSS)	137	(92)	633	342
Interest income	8	3	23	8
Interest expense	(46)	(45)	(132)	(134)
Gain on sale of assets	274	547	336	667
Gain (loss) on foreign currency transactions and derivatives	(1)	1
Equity in earnings of affiliates	4	6	13	25
INCOME BEFORE INCOME TAXES	376	420	873	908
Provision for income taxes	(4)	(42)	(22)	(63)
NET INCOME	372	378	851	845
Less: Net income attributable to non-controlling interests		(53)	(2)	(53)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 372	$ 325	$ 849	$ 792
Basic earnings per common share	$ 0.52	$ 0.44	$ 1.17	$ 1.08
Diluted earnings per common share	$ 0.52	$ 0.44	$ 1.17	$ 1.08
Rooms
REVENUES
Revenues	$ 830	$ 874	$ 2,618	$ 2,691
EXPENSES
Expenses	221	234	664	696
Rooms | HOST HOTELS & RESORTS L.P.
REVENUES
Revenues	830	874	2,618	2,691
EXPENSES
Expenses	221	234	664	696
Food and Beverage
REVENUES
Revenues	341	337	1,223	1,199
EXPENSES
Expenses	260	254	835	822
Food and Beverage | HOST HOTELS & RESORTS L.P.
REVENUES
Revenues	341	337	1,223	1,199
EXPENSES
Expenses	260	254	835	822
Other
REVENUES
Revenues	91	88	294	273
EXPENSES
Expenses	320	321	981	972
Other | HOST HOTELS & RESORTS L.P.
REVENUES
Revenues	91	88	294	273
EXPENSES
Expenses	320	321	981	972
Management Fees
EXPENSES
Expenses	52	56	177	183
Management Fees | HOST HOTELS & RESORTS L.P.
EXPENSES
Expenses	$ 52	$ 56	$ 177	$ 183

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
NET INCOME	$ 372	$ 378	$ 851	$ 845
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation and other comprehensive income of unconsolidated affiliates	(7)	(2)	(4)	(10)
Change in fair value of derivative instruments	1	0	0	0
Amounts reclassified from other comprehensive income (loss)	0	5	1	5
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX	(6)	3	(3)	(5)
COMPREHENSIVE INCOME	366	381	848	840
Less: Comprehensive (income) loss attributable to non-controlling interests	(4)	(56)	(11)	(61)
COMPREHENSIVE INCOME ATTRIBUTABLE TO REPORTING ENTITY	362	325	837	779
HOST HOTELS & RESORTS L.P.
NET INCOME	372	378	851	845
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation and other comprehensive income of unconsolidated affiliates	(7)	(2)	(4)	(10)
Change in fair value of derivative instruments	1	0	0	0
Amounts reclassified from other comprehensive income (loss)	0	5	1	5
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX	(6)	3	(3)	(5)
COMPREHENSIVE INCOME	366	381	848	840
Less: Comprehensive (income) loss attributable to non-controlling interests		(53)	(2)	(53)
COMPREHENSIVE INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 366	$ 328	$ 846	$ 787

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
OPERATING ACTIVITIES
NET INCOME	$ 372	$ 378	$ 851	$ 845
Adjustments to reconcile to cash provided by operations:
Depreciation and amortization	165	412	501	779
Amortization of finance costs, discounts and premiums, net			5	5
Non-cash loss on extinguishment of debt			3
Stock compensation expense			11	11
Deferred income taxes			(2)
Gain on sale of assets	(274)	(547)	(336)	(667)
Gain on property insurance settlement			(4)
Equity in earnings of affiliates	(4)	(6)	(13)	(25)
Change in due from managers			(43)	(55)
Distributions from investments in affiliates			8	24
Changes in other assets			8	(7)
Changes in other liabilities			(75)	31
Net cash provided by operating activities			914	941
INVESTING ACTIVITIES
Proceeds from sales of assets, net			895	1,130
Return of investments in affiliates				1
Advances to and investments in affiliates			(5)	(4)
Acquisitions			(602)	(1,025)
Capital expenditures:
Renewals and replacements			(181)	(214)
Return on investment			(211)	(106)
Property insurance proceeds			30	8
Net cash used in investing activities			(74)	(210)
FINANCING ACTIVITIES
Financing costs			(15)
Issuances of debt			645
Draws on credit facility				360
Repayment of credit facility			(56)	(225)
Common stock repurchase			(395)
Dividends on common stock			(480)	(481)
Distributions and payments to non-controlling interests			(73)	(6)
Other financing activities			(6)	(9)
Net cash used in financing activities			(380)	(361)
Effects of exchange rate changes on cash held			(1)	(4)
INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH			459	366
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD			1,756	1,109
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	2,215	1,475	2,215	1,475
Supplemental disclosure of cash flow information:
Cash and cash equivalents	2,030	1,269	2,030	1,269
Restricted cash (included in other assets)	1	1	1	1
Furniture, fixtures and equipment replacement fund	184	205	184	205
Total cash and cash equivalents and restricted cash shown in the statements of cash flows	2,215	1,475	2,215	1,475
Total interest paid			120	122
Income taxes paid			85	31
HOST HOTELS & RESORTS L.P.
OPERATING ACTIVITIES
NET INCOME	372	378	851	845
Adjustments to reconcile to cash provided by operations:
Depreciation and amortization	165	412	501	779
Amortization of finance costs, discounts and premiums, net			5	5
Non-cash loss on extinguishment of debt			3
Stock compensation expense			11	11
Deferred income taxes			(2)
Gain on sale of assets	(274)	(547)	(336)	(667)
Gain on property insurance settlement			(4)
Equity in earnings of affiliates	(4)	(6)	(13)	(25)
Change in due from managers			(43)	(55)
Distributions from investments in affiliates			8	24
Changes in other assets			8	(7)
Changes in other liabilities			(75)	31
Net cash provided by operating activities			914	941
INVESTING ACTIVITIES
Proceeds from sales of assets, net			895	1,130
Return of investments in affiliates				1
Advances to and investments in affiliates			(5)	(4)
Acquisitions			(602)	(1,025)
Capital expenditures:
Renewals and replacements			(181)	(214)
Return on investment			(211)	(106)
Property insurance proceeds			30	8
Net cash used in investing activities			(74)	(210)
FINANCING ACTIVITIES
Financing costs			(15)
Issuances of debt			645
Draws on credit facility				360
Repayment of credit facility			(56)	(225)
Repurchase of common OP units			(395)
Distributions on common OP units			(485)	(486)
Distributions and payments to non-controlling interests			(68)	(1)
Other financing activities			(6)	(9)
Net cash used in financing activities			(380)	(361)
Effects of exchange rate changes on cash held			(1)	(4)
INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH			459	366
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD			1,756	1,109
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	2,215	1,475	2,215	1,475
Supplemental disclosure of cash flow information:
Cash and cash equivalents	2,030	1,269	2,030	1,269
Restricted cash (included in other assets)	1	1	1	1
Furniture, fixtures and equipment replacement fund	184	205	184	205
Total cash and cash equivalents and restricted cash shown in the statements of cash flows	2,215	$ 1,475	2,215	1,475
Total interest paid			120	122
Income taxes paid			85	$ 31
Chicago Marriott Suites O'Hare
INVESTING ACTIVITIES
Proceeds from sales of assets, net	39
Supplemental disclosure of cash flow information:
Furniture, fixtures and equipment replacement fund	$ 3		3
Bridge loan extended to purchaser			28
Chicago Marriott Suites O'Hare | HOST HOTELS & RESORTS L.P.
Supplemental disclosure of cash flow information:
Bridge loan extended to purchaser			$ 28

Organization

Organization	9 Months Ended
	Sep. 30, 2019
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, 2019, Host Inc. holds approximately 99% of Host L.P.’s OP units. Consolidated Portfolio As of September 30, 2019, our consolidated portfolio, primarily consisting of luxury and upper upscale hotels, is located in the following countries: Hotels United States 77 Brazil 3 Canada 2 Total 82

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 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 September 30, 2019, and the results of our operations for the quarter and year-to-date periods ended September 30, 2019 and 2018, respectively, and cash flows for the year-to-date periods ended September 30, 2019 and 2018, respectively. Interim results are not necessarily indicative of full year performance because of the impact of seasonal variations. Three of the partnerships in which we own an interest 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 rental revenues. Rooms revenues, which constitute the majority of our revenues, result from what are considered short term leases. Additionally, we earn rental revenues from retail and office leases at our properties, all of which are 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 to not reassess our previous conclusions about lease identification, lease classification and the accounting treatment for initial direct costs, and we elected to not 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)	9 Months Ended
	Sep. 30, 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 September 30, Year-to-date ended September 30, 2019 2018 2019 2018 Net income $ 372 $ 378 $ 851 $ 845 Less: Net income attributable to non-controlling interests (4 ) (56 ) (11 ) (61 ) Net income attributable to Host Inc. $ 368 $ 322 $ 840 $ 784 Basic weighted average shares outstanding 725.5 739.9 735.0 739.6 Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market 0.3 0.6 0.4 0.6 Diluted weighted average shares outstanding 725.8 740.5 735.4 740.2 Basic earnings per common share $ .51 $ .43 $ 1.14 $ 1.06 Diluted earnings per common share $ .51 $ .43 $ 1.14 $ 1.06 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, 2019 2018 2019 2018 Net income $ 372 $ 378 $ 851 $ 845 Less: Net income attributable to non-controlling interests — (53 ) (2 ) (53 ) Net income attributable to Host L.P. $ 372 $ 325 $ 849 $ 792 Basic weighted average units outstanding 717.8 732.3 727.1 732.1 Assuming distribution of common units to support shares granted under the comprehensive stock plans, less shares assumed purchased at market 0.3 0.6 0.4 0.6 Diluted weighted average units outstanding 718.1 732.9 727.5 732.7 Basic earnings per common unit $ .52 $ .44 $ 1.17 $ 1.08 Diluted earnings per common unit $ .52 $ .44 $ 1.17 $ 1.08

Revenue

Revenue	9 Months Ended
	Sep. 30, 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 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 2019 2018 2019 2018 San Diego $ 138 $ 136 $ 409 $ 402 San Francisco/San Jose 127 131 392 373 New York 134 172 384 539 Maui/Oahu 99 93 305 270 Washington, D.C. (Central Business District) 76 71 259 252 Florida Gulf Coast 51 37 256 216 Phoenix 45 46 236 220 Boston 86 86 234 231 Orlando 43 44 166 170 Los Angeles 49 48 141 143 Chicago 45 53 128 140 Miami 36 9 125 41 Atlanta 35 37 121 119 Northern Virginia 26 34 103 115 Seattle 35 38 92 99 Houston 25 25 86 88 Orange County 25 32 84 91 San Antonio 22 26 81 86 New Orleans 22 19 80 75 Jacksonville 21 25 79 78 Denver 27 26 72 69 Philadelphia 22 22 67 65 Other 50 61 170 196 Domestic 1,239 1,271 4,070 4,078 International 23 28 65 85 Total $ 1,262 $ 1,299 $ 4,135 $ 4,163

Leases

Leases	9 Months Ended
	Sep. 30, 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 the ability of a REIT to derive revenue directly from the operations of a hotel. Ground Leases As of September 30, 2019, all or a portion of 23 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 rental payments 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 if and 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 if and 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 satellite offices in Miami and San Diego, which leases expire in 2022 and 2021, respectively, with no renewal options. In addition, we have entered into a new lease agreement to lease office space in downtown Bethesda for our headquarters office. The lease is expected to commence in the fourth quarter, upon completion of construction. 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 September 30, 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 and year-to-date ended September 30, 2019 (in millions): Quarter ended September 30, 2019 Year-to-date ended September 30, 2019 Lease cost Operating lease cost $ 11 $ 34 Variable lease cost 10 29 Sublease income (1 ) (1 ) Total lease cost $ 20 $ 62 Other information Operating cash flows used for operating leases for the year-to-date ended September 30, 2019 $ 34 Weighted-average remaining lease term - operating leases 53 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 as of September 30, 2019 (in millions): As of September 30, 2019 Ground Leases Office Leases and Other Total Weighted-average discount rate - operating leases 5.4 % 4.0 % 5.4 % October 1, 2019 - December 31, 2019 $ 8 $ 2 $ 10 2020 32 7 39 2021 32 6 38 2022 32 3 35 2023 32 — 32 Thereafter 1,551 — 1,551 Total undiscounted cash flows $ 1,687 $ 18 $ 1,705 Present values Long-term lease liabilities $ 541 $ 17 $ 558 Total lease liabilities $ 541 $ 17 $ 558 Difference between undiscounted cash flows and discounted cash flows $ 1,146 $ 1 $ 1,147 In addition, the $38 million lease liability associated with the ground lease at the Sheraton San Diego Hotel & Marina is classified as held for sale at September 30, 2019. The undiscounted cash flows for this ground lease total $130 million. 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	9 Months Ended
	Sep. 30, 2019
Property Plant And Equipment [Abstract]
Property and Equipment	6. Property and Equipment Property and equipment consists of the following (in millions): September 30, 2019 December 31, 2018 Land and land improvements $ 2,061 $ 1,960 Buildings and leasehold improvements 13,213 13,586 Furniture and equipment 2,298 2,411 Construction in progress 320 220 17,892 18,177 Less accumulated depreciation and amortization (8,204 ) (8,417 ) $ 9,688 $ 9,760

Debt

Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Debt	7. Debt Senior Notes. On September 26, 2019, we issued $650 million of 3.375% Series H senior notes due December 2029 for proceeds of approximately $640 million, net of discounts, underwriting fees and expenses. Interest is payable semi-annually in arrears on June 15 and December 15, commencing December 15, 2019. Subsequent to quarter end, the net proceeds were used, together with cash on hand, to redeem our $300 million 6% Series Z senior notes due 2021 and our $350 million 5.25% Series B senior notes due 2022, including a prepayment premium of $50 million. Credit Facility. During the quarter, we repaid $56 million on the revolver portion of our credit facility. As of September 30, 2019, we had $1.5 billion of available capacity under the revolver portion of our credit facility. On August 1, 2019, we amended and restated (the “Restatement”) our existing senior unsecured bank credit facility with Bank of America, N.A., as administrative agent. The Restatement increases the capacity of the revolver portion from $1.0 billion to $1.5 billion and extends the maturity to January 2024, with two six-month renewal options. Under the Restatement, we also extended the maturities of the two existing $500 million term loans, from September 2020 and May 2021 to January 2024 and January 2025, respectively, subject to a one-year extension option on the January 2024 maturity. Interest on revolver borrowings under the Restatement consists of floating rates equal to LIBOR plus a margin ranging from 77.5 to 145 basis points or a base rate plus a margin of zero to 45 basis points (depending on Host L.P.’s unsecured long-term debt rating) plus a facility fee ranging from 12.5 to 30 basis points depending on our rating, regardless of usage. Interest on the term loans consists of LIBOR plus a margin ranging from 85 to 165 basis points or a base rate plus a margin ranging from zero to 65 basis points (depending on Host L.P.’s unsecured long-term debt rating). Based on Host L.P.’s unsecured long-term debt rating on the date of the Restatement, we are able to borrow on the revolver at a rate of LIBOR plus 90 basis points and the rate on the term loans is LIBOR plus 100 basis points, representing a decrease of 10 basis points for each, compared to our previous facility. In addition, we are required to pay a facility fee of 20 basis points. The Restatement also contains an option to add $500 million of commitments, which may be used for additional revolving credit facility borrowings and/or term loans.

Equity of Host Inc. and Capital

Equity of Host Inc. and Capital of Host L.P.	9 Months Ended
	Sep. 30, 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. The components of the Equity of Host Inc. are as follows (in millions): Common Stock Additional Paid-in Capital Accumulated Other Comprehensive Income (Loss) Retained Earnings / (Deficit) Non-redeemable, non-controlling interests Redeemable, non-controlling interests Balance, December 31, 2018 $ 7 $ 8,156 $ (59 ) $ (610 ) $ 72 $ 128 Net income — — — 840 2 9 Issuance of common stock for comprehensive stock plans, net — 6 — — — — Repurchase of common stock — (400 ) — — — — Dividends declared on common stock — — — (438 ) — — Distributions to non-controlling interests — — — — (68 ) (5 ) Changes in ownership and other — — — — — 1 Other comprehensive loss — — (3 ) — — — Balance, September 30, 2019 $ 7 $ 7,762 $ (62 ) $ (208 ) $ 6 $ 133 Common Stock Additional Paid-in Capital Accumulated Other Comprehensive Income (Loss) Retained Earnings / (Deficit) Non-redeemable, non-controlling interests Redeemable, non-controlling interests Balance June 30, 2019 $ 7 $ 7,948 $ (56 ) $ (432 ) $ 7 $ 141 Net income — — — 368 — 4 Issuance of common stock for comprehensive stock plans, net — 4 — — — — Repurchase of common stock — (200 ) — — — — Dividends declared on common stock — — — (144 ) — — Distributions to non-controlling interests — — — — (1 ) (2 ) Changes in ownership and other — 10 — — — (10 ) Other comprehensive loss — — (6 ) — — — Balance, September 30, 2019 $ 7 $ 7,762 $ (62 ) $ (208 ) $ 6 $ 133 Common Stock Additional Paid-in Capital Accumulated Other Comprehensive Income (Loss) Retained Earnings / (Deficit) Non-redeemable, non-controlling interests Redeemable, non-controlling interests Balance, December 31, 2017 $ 7 $ 8,097 $ (60 ) $ (1,071 ) $ 29 $ 167 Net income — — — 784 53 8 Issuance of common stock for comprehensive stock plans, net — 10 — — — — Dividends declared on common stock — — — (445 ) — — Distributions to non-controlling interests — — — — (1 ) (5 ) Changes in ownership and other — 1 — — (8 ) — Other comprehensive loss — — (5 ) — — — Cumulative effect of accounting change — — — 4 — — Balance, September 30, 2018 $ 7 $ 8,108 $ (65 ) $ (728 ) $ 73 $ 170 Common Stock Additional Paid-in Capital Accumulated Other Comprehensive Income (Loss) Retained Earnings / (Deficit) Non-redeemable, non-controlling interests Redeemable, non-controlling interests Balance, June 30, 2018 $ 7 $ 8,100 $ (68 ) $ (901 ) $ 28 $ 173 Net income — — — 322 53 3 Issuance of common stock for comprehensive stock plans, net — 4 — — — — Dividends declared on common stock — — — (149 ) — — Distributions to non-controlling interests — — — — — (2 ) Changes in ownership and other — 4 — — (8 ) (4 ) Other comprehensive income — — 3 — — — Balance, September 30, 2018 $ 7 $ 8,108 $ (65 ) $ (728 ) $ 73 $ 170 Capital of Host L.P. As of September 30, 2019, Host Inc. is the owner of approximately 99% of Host L.P.’s common OP units. The remaining common OP units are owned by unaffiliated 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. The components of the Capital of Host L.P. are as follows (in millions): General Partner Limited Partner Accumulated Other Comprehensive Income (Loss) Non-controlling interests Limited partnership interests of third parties Balance, December 31, 2018 $ 1 $ 7,552 $ (59 ) $ 72 $ 128 Net income — 840 — 2 9 Issuance of common OP units to Host Inc. for comprehensive stock plans, net — 6 — — — Repurchase of common OP units — (400 ) — — — Distributions declared on common OP units — (438 ) — — (5 ) Distributions to non-controlling interests — — — (68 ) — Changes in ownership and other — — — — 1 Other comprehensive loss — — (3 ) — — Balance, September 30, 2019 $ 1 $ 7,560 $ (62 ) $ 6 $ 133 General Partner Limited Partner Accumulated Other Comprehensive Income (Loss) Non-controlling interests Limited partnership interests of third parties Balance June 30, 2019 $ 1 $ 7,522 $ (56 ) $ 7 $ 141 Net income — 368 — — 4 Issuance of common OP units to Host Inc. for comprehensive stock plans, net — 4 — — — Repurchase of common OP units — (200 ) — — — Distributions declared on common OP units — (144 ) — — — Distributions to non-controlling interests — — — (1 ) (2 ) Changes in ownership and other — 10 — — (10 ) Other comprehensive loss — — (6 ) — — Balance, September 30, 2019 $ 1 $ 7,560 $ (62 ) $ 6 $ 133 General Partner Limited Partner Accumulated Other Comprehensive Income (Loss) Non-controlling interests Limited partnership interests of third parties Balance, December 31, 2017 $ 1 $ 7,032 $ (60 ) $ 29 $ 167 Net income — 784 — 53 8 Issuance of common OP units to Host Inc. for comprehensive stock plans, net — 10 — — — Distributions declared on common OP units — (445 ) — — (5 ) Distributions to non-controlling interests — — — (1 ) — Changes in ownership and other — 1 — (8 ) — Other comprehensive loss — — (5 ) — — Cumulative effect of accounting change — 4 — — — Balance, September 30, 2018 $ 1 $ 7,386 $ (65 ) $ 73 $ 170 General Partner Limited Partner Accumulated Other Comprehensive Income (Loss) Non-controlling interests Limited partnership interests of third parties Balance, June 30, 2018 $ 1 $ 7,205 $ (68 ) $ 28 $ 173 Net income — 322 — 53 3 Issuance of common OP units to Host Inc. for comprehensive stock plans, net — 4 — — — Distributions declared on common OP units — (149 ) — — (2 ) Distributions to non-controlling interests — — — — — Changes in ownership and other — 4 — (8 ) (4 ) Other comprehensive income — — 3 — — Balance, September 30, 2018 $ 1 $ 7,386 $ (65 ) $ 73 $ 170 Share Repurchases On August 5, 2019, Host Inc.’s Board of Directors authorized an increase in its share repurchase program from $500 million to $1 billion. During the third quarter of 2019, we repurchased 12.1 million shares at an average price of $16.51 per share, exclusive of commissions, through our common share repurchase program for a total of $200 million. In total, as of September 30, 2019, we have repurchased 23 million shares at an average price of $17.36 for a total of $400 million. Subsequent to quarter end, we purchased an additional 800,000 shares at an average price of $16.79 per share, for a total of $14 million, pursuant to our trading plan designed to comply with Rule 10b5-1 under the Securities Exchange Act. Following these transactions, we have $586 million available for repurchase under the program. Dividends/Distributions On September 13, 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 October 15, 2019 to stockholders of record as of September 30, 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	9 Months Ended
	Sep. 30, 2019
Disposal Group Not Discontinued Operation Disposal Disclosures [Abstract]
Dispositions	9. Dispositions During the third quarter of 2019, we sold the following hotels: • Courtyard Chicago Downtown/River North and Residence Inn Arlington Pentagon City for $150 million, including $9 million for the FF&E replacement funds; • Chicago Marriott Suites O’Hare for $39 million, including $3 million for the FF&E replacement funds; • Scottsdale Marriott Suites Old Town, Scottsdale Marriott at McDowell Mountains, Costa Mesa Marriott, and Atlanta Marriott Suites Midtown for $256 million, including $8 million for the FF&E replacement funds; and • The Westin Indianapolis for $120 million, including $2 million for the FF&E replacement funds. We recorded a gain on sale of approximately $279 million in the third quarter of 2019 related to the sale of these hotels. Subsequent to quarter end, we sold the Sheraton San Diego Hotel & Marina and the Hyatt Regency Cambridge, Overlooking Boston, for $297 million. As of September 30, 2019, these hotels were classified as held for sale.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	10. Fair Value Measurements We did not elect the fair value measurement option for any of our 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, 2019 December 31, 2018 Carrying Amount Fair Value Carrying Amount Fair Value Financial liabilities Senior notes (Level 1) $ 3,425 $ 3,616 $ 2,782 $ 2,808 Credit facility (Level 2) 989 1,000 1,049 1,055

Geographic Information

Geographic Information	9 Months Ended
	Sep. 30, 2019
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. Accordingly, we report one reportable segment: hotel ownership. Our consolidated foreign operations consist of hotels in two countries as of September 30, 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 September 30, Year-to-date ended September 30, September 30, December 31, 2019 2018 2019 2018 2019 2018 United States $ 1,239 $ 1,271 $ 4,070 $ 4,078 $ 9,587 $ 9,651 Brazil 6 4 17 14 44 49 Canada 17 17 48 50 57 60 Mexico — 7 — 21 — — Total $ 1,262 $ 1,299 $ 4,135 $ 4,163 $ 9,688 $ 9,760

Non-Controlling Interests

Non-Controlling Interests	9 Months Ended
	Sep. 30, 2019
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 amount 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: September 30, 2019 December 31, 2018 Common OP units outstanding (millions) 7.6 7.5 Market price per Host Inc. common share $ 17.29 $ 16.67 Shares issuable upon conversion of one common OP unit 1.021494 1.021494 Redemption value (millions) $ 133 $ 128 Historical cost (millions) 81 78 Book value (millions) (1) 133 128 ___________ (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 limited partnership interests are included in non-redeemable non-controlling interests — other consolidated partnerships on the balance sheets and totaled $6 million and $72 million as of September 30, 2019 and December 31, 2018, respectively. Approximately $66 million of the balance at December 31, 2018 relates to the partnership that owned the JW Marriott Hotel Mexico City that was sold in September 2018, representing the portion of the net sale proceeds attributable to the third-party interest that was paid in January 2019.

Legal Proceedings

Legal Proceedings	9 Months Ended
	Sep. 30, 2019
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 , 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)	9 Months Ended
	Sep. 30, 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 rental revenues. Rooms revenues, which constitute the majority of our revenues, result from what are considered short term leases. Additionally, we earn rental revenues from retail and office leases at our properties, all of which are 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 to not reassess our previous conclusions about lease identification, lease classification and the accounting treatment for initial direct costs, and we elected to not 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)	9 Months Ended
	Sep. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Consolidated Portfolio of Hotels by Location	As of September 30, 2019, our consolidated portfolio, primarily consisting of luxury and upper upscale hotels, is located in the following countries: Hotels United States 77 Brazil 3 Canada 2 Total 82

Earnings Per Common Share (Un_2

Earnings Per Common Share (Unit) (Tables)	9 Months Ended
	Sep. 30, 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 September 30, Year-to-date ended September 30, 2019 2018 2019 2018 Net income $ 372 $ 378 $ 851 $ 845 Less: Net income attributable to non-controlling interests (4 ) (56 ) (11 ) (61 ) Net income attributable to Host Inc. $ 368 $ 322 $ 840 $ 784 Basic weighted average shares outstanding 725.5 739.9 735.0 739.6 Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market 0.3 0.6 0.4 0.6 Diluted weighted average shares outstanding 725.8 740.5 735.4 740.2 Basic earnings per common share $ .51 $ .43 $ 1.14 $ 1.06 Diluted earnings per common share $ .51 $ .43 $ 1.14 $ 1.06
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, 2019 2018 2019 2018 Net income $ 372 $ 378 $ 851 $ 845 Less: Net income attributable to non-controlling interests — (53 ) (2 ) (53 ) Net income attributable to Host L.P. $ 372 $ 325 $ 849 $ 792 Basic weighted average units outstanding 717.8 732.3 727.1 732.1 Assuming distribution of common units to support shares granted under the comprehensive stock plans, less shares assumed purchased at market 0.3 0.6 0.4 0.6 Diluted weighted average units outstanding 718.1 732.9 727.5 732.7 Basic earnings per common unit $ .52 $ .44 $ 1.17 $ 1.08 Diluted earnings per common unit $ .52 $ .44 $ 1.17 $ 1.08

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 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 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 2019 2018 2019 2018 San Diego $ 138 $ 136 $ 409 $ 402 San Francisco/San Jose 127 131 392 373 New York 134 172 384 539 Maui/Oahu 99 93 305 270 Washington, D.C. (Central Business District) 76 71 259 252 Florida Gulf Coast 51 37 256 216 Phoenix 45 46 236 220 Boston 86 86 234 231 Orlando 43 44 166 170 Los Angeles 49 48 141 143 Chicago 45 53 128 140 Miami 36 9 125 41 Atlanta 35 37 121 119 Northern Virginia 26 34 103 115 Seattle 35 38 92 99 Houston 25 25 86 88 Orange County 25 32 84 91 San Antonio 22 26 81 86 New Orleans 22 19 80 75 Jacksonville 21 25 79 78 Denver 27 26 72 69 Philadelphia 22 22 67 65 Other 50 61 170 196 Domestic 1,239 1,271 4,070 4,078 International 23 28 65 85 Total $ 1,262 $ 1,299 $ 4,135 $ 4,163

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Lease Costs and Other Information	The following table presents lease cost and other information for the quarter and year-to-date ended September 30, 2019 (in millions): Quarter ended September 30, 2019 Year-to-date ended September 30, 2019 Lease cost Operating lease cost $ 11 $ 34 Variable lease cost 10 29 Sublease income (1 ) (1 ) Total lease cost $ 20 $ 62 Other information Operating cash flows used for operating leases for the year-to-date ended September 30, 2019 $ 34 Weighted-average remaining lease term - operating leases 53 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 as of September 30, 2019 (in millions): As of September 30, 2019 Ground Leases Office Leases and Other Total Weighted-average discount rate - operating leases 5.4 % 4.0 % 5.4 % October 1, 2019 - December 31, 2019 $ 8 $ 2 $ 10 2020 32 7 39 2021 32 6 38 2022 32 3 35 2023 32 — 32 Thereafter 1,551 — 1,551 Total undiscounted cash flows $ 1,687 $ 18 $ 1,705 Present values Long-term lease liabilities $ 541 $ 17 $ 558 Total lease liabilities $ 541 $ 17 $ 558 Difference between undiscounted cash flows and discounted cash flows $ 1,146 $ 1 $ 1,147
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)	9 Months Ended
	Sep. 30, 2019
Property Plant And Equipment [Abstract]
Property and Equipment	Property and equipment consists of the following (in millions): September 30, 2019 December 31, 2018 Land and land improvements $ 2,061 $ 1,960 Buildings and leasehold improvements 13,213 13,586 Furniture and equipment 2,298 2,411 Construction in progress 320 220 17,892 18,177 Less accumulated depreciation and amortization (8,204 ) (8,417 ) $ 9,688 $ 9,760

Equity of Host Inc. and Capit_2

Equity of Host Inc. and Capital of Host L.P. (Tables)	9 Months Ended
	Sep. 30, 2019
HOST HOTELS & RESORTS, INC.
Components of Equity	The components of the Equity of Host Inc. are as follows (in millions): Common Stock Additional Paid-in Capital Accumulated Other Comprehensive Income (Loss) Retained Earnings / (Deficit) Non-redeemable, non-controlling interests Redeemable, non-controlling interests Balance, December 31, 2018 $ 7 $ 8,156 $ (59 ) $ (610 ) $ 72 $ 128 Net income — — — 840 2 9 Issuance of common stock for comprehensive stock plans, net — 6 — — — — Repurchase of common stock — (400 ) — — — — Dividends declared on common stock — — — (438 ) — — Distributions to non-controlling interests — — — — (68 ) (5 ) Changes in ownership and other — — — — — 1 Other comprehensive loss — — (3 ) — — — Balance, September 30, 2019 $ 7 $ 7,762 $ (62 ) $ (208 ) $ 6 $ 133 Common Stock Additional Paid-in Capital Accumulated Other Comprehensive Income (Loss) Retained Earnings / (Deficit) Non-redeemable, non-controlling interests Redeemable, non-controlling interests Balance June 30, 2019 $ 7 $ 7,948 $ (56 ) $ (432 ) $ 7 $ 141 Net income — — — 368 — 4 Issuance of common stock for comprehensive stock plans, net — 4 — — — — Repurchase of common stock — (200 ) — — — — Dividends declared on common stock — — — (144 ) — — Distributions to non-controlling interests — — — — (1 ) (2 ) Changes in ownership and other — 10 — — — (10 ) Other comprehensive loss — — (6 ) — — — Balance, September 30, 2019 $ 7 $ 7,762 $ (62 ) $ (208 ) $ 6 $ 133 Common Stock Additional Paid-in Capital Accumulated Other Comprehensive Income (Loss) Retained Earnings / (Deficit) Non-redeemable, non-controlling interests Redeemable, non-controlling interests Balance, December 31, 2017 $ 7 $ 8,097 $ (60 ) $ (1,071 ) $ 29 $ 167 Net income — — — 784 53 8 Issuance of common stock for comprehensive stock plans, net — 10 — — — — Dividends declared on common stock — — — (445 ) — — Distributions to non-controlling interests — — — — (1 ) (5 ) Changes in ownership and other — 1 — — (8 ) — Other comprehensive loss — — (5 ) — — — Cumulative effect of accounting change — — — 4 — — Balance, September 30, 2018 $ 7 $ 8,108 $ (65 ) $ (728 ) $ 73 $ 170 Common Stock Additional Paid-in Capital Accumulated Other Comprehensive Income (Loss) Retained Earnings / (Deficit) Non-redeemable, non-controlling interests Redeemable, non-controlling interests Balance, June 30, 2018 $ 7 $ 8,100 $ (68 ) $ (901 ) $ 28 $ 173 Net income — — — 322 53 3 Issuance of common stock for comprehensive stock plans, net — 4 — — — — Dividends declared on common stock — — — (149 ) — — Distributions to non-controlling interests — — — — — (2 ) Changes in ownership and other — 4 — — (8 ) (4 ) Other comprehensive income — — 3 — — — Balance, September 30, 2018 $ 7 $ 8,108 $ (65 ) $ (728 ) $ 73 $ 170
HOST HOTELS & RESORTS L.P.
Components of Capital	The components of the Capital of Host L.P. are as follows (in millions): General Partner Limited Partner Accumulated Other Comprehensive Income (Loss) Non-controlling interests Limited partnership interests of third parties Balance, December 31, 2018 $ 1 $ 7,552 $ (59 ) $ 72 $ 128 Net income — 840 — 2 9 Issuance of common OP units to Host Inc. for comprehensive stock plans, net — 6 — — — Repurchase of common OP units — (400 ) — — — Distributions declared on common OP units — (438 ) — — (5 ) Distributions to non-controlling interests — — — (68 ) — Changes in ownership and other — — — — 1 Other comprehensive loss — — (3 ) — — Balance, September 30, 2019 $ 1 $ 7,560 $ (62 ) $ 6 $ 133 General Partner Limited Partner Accumulated Other Comprehensive Income (Loss) Non-controlling interests Limited partnership interests of third parties Balance June 30, 2019 $ 1 $ 7,522 $ (56 ) $ 7 $ 141 Net income — 368 — — 4 Issuance of common OP units to Host Inc. for comprehensive stock plans, net — 4 — — — Repurchase of common OP units — (200 ) — — — Distributions declared on common OP units — (144 ) — — — Distributions to non-controlling interests — — — (1 ) (2 ) Changes in ownership and other — 10 — — (10 ) Other comprehensive loss — — (6 ) — — Balance, September 30, 2019 $ 1 $ 7,560 $ (62 ) $ 6 $ 133 General Partner Limited Partner Accumulated Other Comprehensive Income (Loss) Non-controlling interests Limited partnership interests of third parties Balance, December 31, 2017 $ 1 $ 7,032 $ (60 ) $ 29 $ 167 Net income — 784 — 53 8 Issuance of common OP units to Host Inc. for comprehensive stock plans, net — 10 — — — Distributions declared on common OP units — (445 ) — — (5 ) Distributions to non-controlling interests — — — (1 ) — Changes in ownership and other — 1 — (8 ) — Other comprehensive loss — — (5 ) — — Cumulative effect of accounting change — 4 — — — Balance, September 30, 2018 $ 1 $ 7,386 $ (65 ) $ 73 $ 170 General Partner Limited Partner Accumulated Other Comprehensive Income (Loss) Non-controlling interests Limited partnership interests of third parties Balance, June 30, 2018 $ 1 $ 7,205 $ (68 ) $ 28 $ 173 Net income — 322 — 53 3 Issuance of common OP units to Host Inc. for comprehensive stock plans, net — 4 — — — Distributions declared on common OP units — (149 ) — — (2 ) Distributions to non-controlling interests — — — — — Changes in ownership and other — 4 — (8 ) (4 ) Other comprehensive income — — 3 — — Balance, September 30, 2018 $ 1 $ 7,386 $ (65 ) $ 73 $ 170

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 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): September 30, 2019 December 31, 2018 Carrying Amount Fair Value Carrying Amount Fair Value Financial liabilities Senior notes (Level 1) $ 3,425 $ 3,616 $ 2,782 $ 2,808 Credit facility (Level 2) 989 1,000 1,049 1,055

Geographic Information (Tables)

Geographic Information (Tables)	9 Months Ended
	Sep. 30, 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 September 30, Year-to-date ended September 30, September 30, December 31, 2019 2018 2019 2018 2019 2018 United States $ 1,239 $ 1,271 $ 4,070 $ 4,078 $ 9,587 $ 9,651 Brazil 6 4 17 14 44 49 Canada 17 17 48 50 57 60 Mexico — 7 — 21 — — Total $ 1,262 $ 1,299 $ 4,135 $ 4,163 $ 9,688 $ 9,760

Non-controlling Interests (Tabl

Non-controlling Interests (Tables)	9 Months Ended
	Sep. 30, 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: September 30, 2019 December 31, 2018 Common OP units outstanding (millions) 7.6 7.5 Market price per Host Inc. common share $ 17.29 $ 16.67 Shares issuable upon conversion of one common OP unit 1.021494 1.021494 Redemption value (millions) $ 133 $ 128 Historical cost (millions) 81 78 Book value (millions) (1) 133 128 ___________ (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, 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)	Sep. 30, 2019Hotel
Real Estate Properties [Line Items]
Hotels	82
United States
Real Estate Properties [Line Items]
Hotels	77
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) - USD ($) $ in Millions	Jan. 02, 2019	Sep. 30, 2019	Jan. 01, 2019
Significant Accounting Policies [Line Items]
Right-of-use assets		$ 549
Lease liabilities		$ 558
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	9 Months Ended
	Sep. 30, 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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
NET INCOME	$ 372	$ 378	$ 851	$ 845
Less: Net income attributable to non-controlling interests	(4)	(56)	(11)	(61)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 368	$ 322	$ 840	$ 784
Basic weighted average shares outstanding	725.5	739.9	735	739.6
Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market	0.3	0.6	0.4	0.6
Diluted weighted average shares/units outstanding	725.8	740.5	735.4	740.2
Basic earnings per common share	$ 0.51	$ 0.43	$ 1.14	$ 1.06
Diluted earnings per common share	$ 0.51	$ 0.43	$ 1.14	$ 1.06

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, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share Diluted [Line Items]
NET INCOME	$ 372	$ 378	$ 851	$ 845
Less: Net income attributable to non-controlling interests	(4)	(56)	(11)	(61)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 368	$ 322	$ 840	$ 784
Basic weighted average shares outstanding	725.5	739.9	735	739.6
Assuming distribution of common units to support shares granted under the comprehensive stock plans, less shares assumed purchased at market	0.3	0.6	0.4	0.6
Diluted weighted average shares/units outstanding	725.8	740.5	735.4	740.2
Basic earnings per common share	$ 0.51	$ 0.43	$ 1.14	$ 1.06
Diluted earnings per common share	$ 0.51	$ 0.43	$ 1.14	$ 1.06
HOST HOTELS & RESORTS L.P.
Earnings Per Share Diluted [Line Items]
NET INCOME	$ 372	$ 378	$ 851	$ 845
Less: Net income attributable to non-controlling interests		(53)	(2)	(53)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 372	$ 325	$ 849	$ 792
Basic weighted average shares outstanding	717.8	732.3	727.1	732.1
Assuming distribution of common units to support shares granted under the comprehensive stock plans, less shares assumed purchased at market	0.3	0.6	0.4	0.6
Diluted weighted average shares/units outstanding	718.1	732.9	727.5	732.7
Basic earnings per common share	$ 0.52	$ 0.44	$ 1.17	$ 1.08
Diluted earnings per common share	$ 0.52	$ 0.44	$ 1.17	$ 1.08

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, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation Of Revenue [Line Items]
Revenues	$ 1,262	$ 1,299	$ 4,135	$ 4,163
San Diego
Disaggregation Of Revenue [Line Items]
Revenues	138	136	409	402
San Francisco/San Jose
Disaggregation Of Revenue [Line Items]
Revenues	127	131	392	373
New York
Disaggregation Of Revenue [Line Items]
Revenues	134	172	384	539
Maui/Oahu
Disaggregation Of Revenue [Line Items]
Revenues	99	93	305	270
Washington, D.C. (Central Business District)
Disaggregation Of Revenue [Line Items]
Revenues	76	71	259	252
Florida Gulf Coast
Disaggregation Of Revenue [Line Items]
Revenues	51	37	256	216
Phoenix
Disaggregation Of Revenue [Line Items]
Revenues	45	46	236	220
Boston
Disaggregation Of Revenue [Line Items]
Revenues	86	86	234	231
Orlando
Disaggregation Of Revenue [Line Items]
Revenues	43	44	166	170
Los Angeles
Disaggregation Of Revenue [Line Items]
Revenues	49	48	141	143
Chicago
Disaggregation Of Revenue [Line Items]
Revenues	45	53	128	140
Miami
Disaggregation Of Revenue [Line Items]
Revenues	36	9	125	41
Atlanta
Disaggregation Of Revenue [Line Items]
Revenues	35	37	121	119
Northern Virginia
Disaggregation Of Revenue [Line Items]
Revenues	26	34	103	115
Seattle
Disaggregation Of Revenue [Line Items]
Revenues	35	38	92	99
Houston
Disaggregation Of Revenue [Line Items]
Revenues	25	25	86	88
Orange County
Disaggregation Of Revenue [Line Items]
Revenues	25	32	84	91
San Antonio
Disaggregation Of Revenue [Line Items]
Revenues	22	26	81	86
New Orleans
Disaggregation Of Revenue [Line Items]
Revenues	22	19	80	75
Jacksonville
Disaggregation Of Revenue [Line Items]
Revenues	21	25	79	78
Denver
Disaggregation Of Revenue [Line Items]
Revenues	27	26	72	69
Philadelphia
Disaggregation Of Revenue [Line Items]
Revenues	22	22	67	65
Other
Disaggregation Of Revenue [Line Items]
Revenues	50	61	170	196
United States
Disaggregation Of Revenue [Line Items]
Revenues	1,239	1,271	4,070	4,078
International
Disaggregation Of Revenue [Line Items]
Revenues	$ 23	$ 28	$ 65	$ 85

Leases - Additional Information

Leases - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)GroundLease
Lessee Lease Description [Line Items]
Number of ground leases | GroundLease	23
Financial leases	$ 1
Liabilities held for sale	38
Lease Liabilities Undiscounted Cash Flows	$ 1,705
Ground Leases
Lessee Lease Description [Line Items]
Percentage of 2019 minimum lease payments	80.00%
Percentage of total future minimum lease payments	99.00%
Lease Liabilities Undiscounted Cash Flows	$ 1,687
Ground Leases | Sheraton San Diego Hotel & Marina
Lessee Lease Description [Line Items]
Liabilities held for sale	38
Lease Liabilities Undiscounted Cash Flows	$ 130
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

Lease Costs and Other Informati

Lease Costs and Other Information (Detail) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)
Lease cost
Operating lease cost	$ 11	$ 34
Variable lease cost	10	29
Sublease income	(1)	(1)
Total lease cost	$ 20	62
Other information
Operating cash flows used for operating leases for the year-to-date ended September 30, 2019		$ 34
Weighted-average remaining lease term - operating leases	53 years	53 years
Weighted-average discount rate - operating leases	5.40%	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	Sep. 30, 2019USD ($)
Lessee Lease Description [Line Items]
Weighted-average discount rate - operating leases	5.40%
October 1, 2019 - December 31, 2019	$ 10
2020	39
2021	38
2022	35
2023	32
Thereafter	1,551
Total undiscounted cash flows	1,705
Long-term lease liabilities	558
Lease liabilities	558
Difference between undiscounted cash flows and discounted cash flows	$ 1,147
Ground Leases
Lessee Lease Description [Line Items]
Weighted-average discount rate - operating leases	5.40%
October 1, 2019 - December 31, 2019	$ 8
2020	32
2021	32
2022	32
2023	32
Thereafter	1,551
Total undiscounted cash flows	1,687
Long-term lease liabilities	541
Lease liabilities	541
Difference between undiscounted cash flows and discounted cash flows	$ 1,146
Office Leases and Other
Lessee Lease Description [Line Items]
Weighted-average discount rate - operating leases	4.00%
October 1, 2019 - December 31, 2019	$ 2
2020	7
2021	6
2022	3
Total undiscounted cash flows	18
Long-term lease liabilities	17
Lease liabilities	17
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	Sep. 30, 2019	Dec. 31, 2018
Property Plant And Equipment [Abstract]
Land and land improvements	$ 2,061	$ 1,960
Buildings and leasehold improvements	13,213	13,586
Furniture and equipment	2,298	2,411
Construction in progress	320	220
Property, Plant and Equipment, Gross, Total	17,892	18,177
Less accumulated depreciation and amortization	(8,204)	(8,417)
Property and equipment, net	$ 9,688	$ 9,760

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ in Millions	Oct. 01, 2019	Aug. 01, 2019	Sep. 30, 2019	Jun. 30, 2019	Sep. 30, 2019	Sep. 30, 2018
Debt Instrument [Line Items]
Repayment of line of credit facility					$ 56	$ 225
Aggregate borrowing capacity		$ 1,500		$ 1,000
Additional borrowing capacity		$ 500
Revolver
Debt Instrument [Line Items]
Line of credit facility remaining borrowing capacity			$ 1.5		1.5
Repayment of line of credit facility			56
Credit facility maturity date		Jan. 11, 2024
Renewal period of credit facility		two six-month
Revolver | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Variable interest rate		0.90%
Revolver | London Interbank Offered Rate (LIBOR) | Lower Limit
Debt Instrument [Line Items]
Variable interest rate		0.775%
Revolver | London Interbank Offered Rate (LIBOR) | Upper Limit
Debt Instrument [Line Items]
Variable interest rate		1.45%
Revolver | Base Rate | Lower Limit
Debt Instrument [Line Items]
Variable interest rate		0.00%
Revolver | Base Rate | Upper Limit
Debt Instrument [Line Items]
Variable interest rate		0.45%
Revolving Credit Facility Fee | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Variable interest rate		0.20%
Revolving Credit Facility Fee | Base Rate | Lower Limit
Debt Instrument [Line Items]
Variable interest rate		0.125%
Revolving Credit Facility Fee | Base Rate | Upper Limit
Debt Instrument [Line Items]
Variable interest rate		0.30%
Subsequent Event
Debt Instrument [Line Items]
Prepayment premium	$ 50
Series H Senior Notes Three Point Three Seven Five Percent Due December Twenty Twenty Nine
Debt Instrument [Line Items]
Face amount of debt			$ 650		$ 650
Debt interest rate			3.375%		3.375%
Maturity date					Dec. 31, 2029
Proceed from issuance of note					$ 640
Frequency of interest payable					Interest is payable semi-annually
Date of first payment					Dec. 15, 2019
Series Z Senior Notes Six Percent Due October Twenty Twenty One | Subsequent Event
Debt Instrument [Line Items]
Debt interest rate	6.00%
Repayment of debt	$ 300
Series B Senior Notes Five Point Two Five Percent Due March Twenty Twenty Two | Subsequent Event
Debt Instrument [Line Items]
Debt interest rate	5.25%
Repayment of debt	$ 350
Term Loan due September 2020
Debt Instrument [Line Items]
Maturity date		Jan. 11, 2024		Sep. 30, 2020
Term loans			$ 500		$ 500
Renewal period of credit facility		one-year extension
Term Loan due May 2021
Debt Instrument [Line Items]
Maturity date		Jan. 9, 2025		May 31, 2021
Term loans				$ 500
Term Loan | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Variable interest rate		1.00%
Term Loan | London Interbank Offered Rate (LIBOR) | Lower Limit
Debt Instrument [Line Items]
Variable interest rate		0.85%
Term Loan | London Interbank Offered Rate (LIBOR) | Upper Limit
Debt Instrument [Line Items]
Variable interest rate		1.65%
Term Loan | Base Rate | Lower Limit
Debt Instrument [Line Items]
Variable interest rate		0.00%
Term Loan | Base Rate | Upper Limit
Debt Instrument [Line Items]
Variable interest rate		0.65%
Term Loan | Revolver
Debt Instrument [Line Items]
Decrease in basis spread		0.10%

Components of Equity (Detail)

Components of Equity (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Stockholders Equity Note [Line Items]
Beginning Balance			$ 7,566
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 368	$ 322	840	$ 784
Other comprehensive income/(loss)	(6)	3	(3)	(5)
Ending Balance	7,505		7,505
Common Stock
Stockholders Equity Note [Line Items]
Beginning Balance	7	7	7	7
Ending Balance	7	7	7	7
Additional Paid-in Capital
Stockholders Equity Note [Line Items]
Beginning Balance	7,948	8,100	8,156	8,097
Issuance of common stock for comprehensive stock plans, net	4	4	6	10
Repurchase of common stock	(200)		(400)
Changes in ownership and other	10	4		1
Ending Balance	7,762	8,108	7,762	8,108
Accumulated Other Comprehensive Income (Loss)
Stockholders Equity Note [Line Items]
Beginning Balance	(56)	(68)	(59)	(60)
Other comprehensive income/(loss)	(6)	3	(3)	(5)
Ending Balance	(62)	(65)	(62)	(65)
Retained Earnings / (Deficit)
Stockholders Equity Note [Line Items]
Beginning Balance	(432)	(901)	(610)	(1,071)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	368	322	840	784
Dividends declared on common stock	(144)	(149)	(438)	(445)
Cumulative effect of accounting change		4		4
Ending Balance	(208)	(728)	(208)	(728)
Non-redeemable, non-controlling interests
Stockholders Equity Note [Line Items]
Beginning Balance	7	28	72	29
Net income attributable to non-controlling interests		53	2	53
Distributions to non-controlling interests	(1)		(68)	(1)
Changes in ownership and other		(8)		(8)
Ending Balance	6	73	6	73
Redeemable, non-controlling interests
Stockholders Equity Note [Line Items]
Beginning Balance	141	173	128	167
Net income	4	3	9	8
Distributions to non-controlling interests	(2)	(2)	(5)	(5)
Changes in ownership and other	(10)	(4)	1
Ending Balance	$ 133	$ 170	$ 133	$ 170

Equity of Host Inc. and Capit_3

Equity of Host Inc. and Capital of Host L.P. - Additional Information (Detail)	Oct. 01, 2019USD ($)$ / sharesshares	Sep. 13, 2019$ / shares	Sep. 30, 2019USD ($)$ / sharesshares	Sep. 30, 2019USD ($)$ / sharesshares	Aug. 05, 2019USD ($)	Aug. 04, 2019USD ($)	Dec. 31, 2018
Host L.P.
Stockholders Equity Note [Line Items]
Percentage of the common OP units			99.00%	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			1.021494
Common OP units, distribution paid | $ / shares				$ 0.2042988
HOST HOTELS & RESORTS, INC.
Stockholders Equity Note [Line Items]
Share repurchase program, authorized amount | $					$ 1,000,000,000	$ 500,000,000
Share repurchase program, shares repurchased | shares			12,100,000	23,000,000
Share repurchase program, average price per share | $ / shares			$ 16.51	$ 17.36
Share repurchase program, value | $			$ 200,000,000	$ 400,000,000
Dividend declaration date		Sep. 13, 2019
Dividend per share, declared | $ / shares		$ 0.20
Dividend paid date		Oct. 15, 2019
Dividend record date		Sep. 30, 2019
HOST HOTELS & RESORTS, INC. | Subsequent Event
Stockholders Equity Note [Line Items]
Share repurchase program, shares repurchased | shares	800,000
Share repurchase program, average price per share | $ / shares	$ 16.79
Share repurchase program, value | $	$ 14,000,000
Share repurchase program, authorized amount available for repurchase | $	$ 586,000,000

Components of Capital (Detail)

Components of Capital (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Limited Partners Capital Account [Line Items]
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	$ 368	$ 322	$ 840	$ 784
Other comprehensive income/(loss)	(6)	3	(3)	(5)
Accumulated Other Comprehensive Income (Loss)
Limited Partners Capital Account [Line Items]
Other comprehensive income/(loss)	(6)	3	(3)	(5)
Non-redeemable, non-controlling interests
Limited Partners Capital Account [Line Items]
Net income attributable to non-controlling interests		53	2	53
Distributions to non-controlling interests	(1)		(68)	(1)
HOST HOTELS & RESORTS L.P.
Limited Partners Capital Account [Line Items]
Beginning Balance			7,566
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	372	325	849	792
Other comprehensive income/(loss)	(6)	3	(3)	(5)
Ending Balance	7,505		7,505
HOST HOTELS & RESORTS L.P. | General Partner
Limited Partners Capital Account [Line Items]
Beginning Balance	1	1	1	1
Ending Balance	1	1	1	1
HOST HOTELS & RESORTS L.P. | Limited Partner
Limited Partners Capital Account [Line Items]
Beginning Balance	7,522	7,205	7,552	7,032
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY	368	322	840	784
Issuance of common stock for comprehensive stock plans, net	4	4	6	10
Repurchase of common OP units	(200)		(400)
Distributions declared on common OP units	(144)	(149)	(438)	(445)
Changes in ownership and other	10	4		1
Cumulative effect of accounting change		4		4
Ending Balance	7,560	7,386	7,560	7,386
HOST HOTELS & RESORTS L.P. | Accumulated Other Comprehensive Income (Loss)
Limited Partners Capital Account [Line Items]
Beginning Balance	(56)	(68)	(59)	(60)
Other comprehensive income/(loss)	(6)	3	(3)	(5)
Ending Balance	(62)	(65)	(62)	(65)
HOST HOTELS & RESORTS L.P. | Non-redeemable, non-controlling interests
Limited Partners Capital Account [Line Items]
Beginning Balance	7	28	72	29
Net income attributable to non-controlling interests		53	2	53
Distributions to non-controlling interests	(1)		(68)	(1)
Changes in ownership and other		(8)		(8)
Ending Balance	6	73	6	73
HOST HOTELS & RESORTS L.P. | Limited partnership interests of third parties
Limited Partners Capital Account [Line Items]
Beginning Balance	141	173	128	167
Net income	4	3	9	8
Distributions declared on common OP units		(2)	(5)	(5)
Distributions to non-controlling interests	(2)
Changes in ownership and other	(10)	(4)	1
Ending Balance	$ 133	$ 170	$ 133	$ 170

Dispositions - Additional Infor

Dispositions - Additional Information (Detail) - USD ($) $ in Millions	Oct. 01, 2019	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 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			$ 895	$ 1,130
Furniture, fixtures and equipment replacement fund		$ 184	184	$ 205	$ 213
Gain on sale of assets		279
Courtyard Chicago Downtown River North And Residence Inn Arlington Pentagon City
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sales of assets, net		150
Furniture, fixtures and equipment replacement fund		9	9
Chicago Marriott Suites O'Hare
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sales of assets, net		39
Furniture, fixtures and equipment replacement fund		3	3
Scottsdale Marriott Suites Old Town, Scottsdale Marriott at McDowell Mountains, Costa Mesa Marriott, and Atlanta Marriott Suites Midtown
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sales of assets, net		256
Furniture, fixtures and equipment replacement fund		8	8
The Westin Indianapolis
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sales of assets, net		120
Furniture, fixtures and equipment replacement fund		$ 2	$ 2
Sheraton San Diego Hotel & Marina and Hyatt Regency Cambridge, Overlooking Boston | Subsequent Event
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sales of assets, net	$ 297

Fair Values of Certain Financia

Fair Values of Certain Financial Liabilities and Other Financial Instruments (Detail) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Financial liabilities
Senior notes	$ 3,425	$ 2,782
Credit facility, carrying value	989	1,049
Quoted Prices in Active Markets for Identical Assets (Level 1) | Senior Notes
Financial liabilities
Senior notes (Level 1), fair value	3,616	2,808
Significant Other Observable Inputs (Level 2)
Financial liabilities
Credit facility (Level 2), fair value	$ 1,000	$ 1,055

Geographic Information - Additi

Geographic Information - Additional Information (Detail)	9 Months Ended
	Sep. 30, 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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total Revenues	$ 1,262	$ 1,299	$ 4,135	$ 4,163
Property and equipment, net	9,688		9,688		$ 9,760
United States
Segment Reporting Information [Line Items]
Total Revenues	1,239	1,271	4,070	4,078
Property and equipment, net	9,587		9,587		9,651
Brazil
Segment Reporting Information [Line Items]
Total Revenues	6	4	17	14
Property and equipment, net	44		44		49
Canada
Segment Reporting Information [Line Items]
Total Revenues	17	17	48	50
Property and equipment, net	$ 57		$ 57		$ 60
Mexico
Segment Reporting Information [Line Items]
Total Revenues		$ 7		$ 21

Non-Controlling Interests - Add

Non-Controlling Interests - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 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	$ 6	$ 72
JW Marriott Hotel Mexico City [Member]
Minority Interest [Line Items]
Non-redeemable non-controlling interests - other consolidated partnerships		$ 66
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, 2019USD ($)$ / sharesshares	Dec. 31, 2018USD ($)$ / sharesshares
Shares Subject To Mandatory Redemption By Settlement Terms [Line Items]
Book value (millions)		$ 133	$ 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		$ 17.29	$ 16.67
Shares issuable upon conversion of one common OP unit		1.021494	1.021494
Redemption value (millions)		$ 133	$ 128
Historical cost (millions)		81	78
Book value (millions)	[1]	$ 133	$ 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)	Sep. 30, 2019USD ($)
Other Litigation Cases | Upper Limit
Loss Contingencies [Line Items]
Loss contingency , estimate of possible loss	$ 150,000