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CONSOLIDATED STATEMENTS OF OPERATIONS - Host Hotels & Resorts L.P. and Subsidiaries - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES      
Total revenues $ 5,311 $ 4,907 $ 2,890
EXPENSES      
Other property-level expenses 383 325 307
Depreciation and amortization 697 664 762
Corporate and other expenses 132 107 99
Gain on insurance settlements (86) (17) (8)
Total operating costs and expenses 4,484 4,132 3,140
OPERATING PROFIT (LOSS) 827 775 (250)
Interest income 75 30 2
Interest expense (191) (156) (191)
Other gains 71 17 306
Equity in earnings of affiliates 6 3 31
INCOME (LOSS) BEFORE INCOME TAXES 788 669 (102)
Benefit (provision) for income taxes (36) (26) 91
NET INCOME (LOSS) 752 643 (11)
Less: Net income attributable to non-controlling interests (12) (10) 0
NET INCOME (LOSS) ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC. $ 740 $ 633 $ (11)
Basic earnings (loss) per common unit (in dollars per unit) $ 1.04 $ 0.89 $ (0.02)
Diluted earnings (loss) per common unit (in dollars per unit) $ 1.04 $ 0.88 $ (0.02)
HOST HOTELS & RESORTS L.P.      
REVENUES      
Total revenues $ 5,311 $ 4,907 $ 2,890
EXPENSES      
Other property-level expenses 383 325 307
Depreciation and amortization 697 664 762
Corporate and other expenses 132 107 99
Gain on insurance settlements (86) (17) (8)
Total operating costs and expenses 4,484 4,132 3,140
OPERATING PROFIT (LOSS) 827 775 (250)
Interest income 75 30 2
Interest expense (191) (156) (191)
Other gains 71 17 306
Equity in earnings of affiliates 6 3 31
INCOME (LOSS) BEFORE INCOME TAXES 788 669 (102)
Benefit (provision) for income taxes (36) (26) 91
NET INCOME (LOSS) 752 643 (11)
Less: Net income attributable to non-controlling interests (1) (1) (1)
NET INCOME (LOSS) ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC. $ 751 $ 642 $ (12)
Basic earnings (loss) per common unit (in dollars per unit) $ 1.07 $ 0.91 $ (0.02)
Diluted earnings (loss) per common unit (in dollars per unit) $ 1.06 $ 0.90 $ (0.02)
Rooms      
REVENUES      
Total revenues $ 3,244 $ 3,014 $ 1,858
EXPENSES      
Expenses 787 727 488
Rooms | HOST HOTELS & RESORTS L.P.      
REVENUES      
Total revenues 3,244 3,014 1,858
EXPENSES      
Expenses 787 727 488
Food and beverage      
REVENUES      
Total revenues 1,582 1,418 674
EXPENSES      
Expenses 1,042 928 505
Food and beverage | HOST HOTELS & RESORTS L.P.      
REVENUES      
Total revenues 1,582 1,418 674
EXPENSES      
Expenses 1,042 928 505
Other      
REVENUES      
Total revenues 485 475 358
EXPENSES      
Expenses 1,280 1,181 890
Other | HOST HOTELS & RESORTS L.P.      
REVENUES      
Total revenues 485 475 358
EXPENSES      
Expenses 1,280 1,181 890
Management fees      
EXPENSES      
Expenses 249 217 97
Management fees | HOST HOTELS & RESORTS L.P.      
EXPENSES      
Expenses $ 249 $ 217 $ 97