Item 16. Form 10‑K Summary
29K characters. Original on sec.gov ·
Item 16. Form 10‑K Summary
| --- | --- |
None.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| HOST HOTELS & RESORTS, INC. | ||||||||||
| Date: February 25, 2020 | By: | /s/ BRIAN G. MACNAMARA | ||||||||
| Brian G. Macnamara Senior Vice President, Principal Financial Officer, Treasurer and Corporate Controller |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| Signatures | Title | Date | |||
|---|---|---|---|---|---|
| /s/ RICHARD E. MARRIOTT | Chairman of the Board of Directors | February 25, 2020 | |||
| Richard E. Marriott | |||||
| /s/ JAMES F. RISOLEO | President, Chief Executive Officer and Director (Principal Executive Officer) | February 25, 2020 | |||
| James F. Risoleo | |||||
| /s/ BRIAN G. MACNAMARA | Senior Vice President, Principal Financial Officer, Treasurer, Corporate Controller | February 25, 2020 | |||
| Brian G. Macnamara | |||||
| (Principal Accounting Officer) | |||||
| /s/ MARY L. BAGLIVO | Director | February 25, 2020 | |||
| Mary L. Baglivo | |||||
| /s/ SHEILA C. BAIR | Director | February 25, 2020 | |||
| Sheila C. Bair | |||||
| /s/ ANN MCLAUGHLIN KOROLOGOS | Director | February 25, 2020 | |||
| Ann McLaughlin Korologos | |||||
| /s/ SANDEEP L. MATHRANI | Director | February 25, 2020 | |||
| Sandeep L. Mathrani | |||||
| /s/ JOHN B. MORSE, JR. | Director | February 25, 2020 | |||
| John B. Morse, Jr. | |||||
| /s/ Mary Hogan Preusse | Director | February 25, 2020 | |||
| Mary Hogan Preusse | |||||
| /s/ WALTER C. RAKOWICH | Director | February 25, 2020 | |||
| Walter C. Rakowich | |||||
| /s/ GORDON H. SMITH | Director | February 25, 2020 | |||
| Gordon H. Smith | |||||
| /s/ A. WILLIAM STEIN | Director | February 25, 2020 | |||
| A. William Stein | |||||
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| HOST HOTELS & RESORTS, LP | ||||||||||
| Date: February 25, 2020 | By: | HOST HOTELS & RESORTS, INC., its general partner | ||||||||
| By: | /s/ BRIAN G. MACNAMARA | |||||||||
| Brian G. Macnamara Senior Vice President, Principal Financial Officer, Treasurer, Corporate Controller |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following officers and directors of Host Hotels & Resorts, Inc., the general partner of the registrant, and in the capacities and on the dates indicated.
| Signatures | Title | Date | ||||||||
| /s/ RICHARD E. MARRIOTT | Chairman of the Board of Directors | February 25, 2020 | ||||||||
| Richard E. Marriott | ||||||||||
| /s/ JAMES F. RISOLEO | President, Chief Executive Officer and Director (Principal Executive Officer) | February 25, 2020 | ||||||||
| James F. Risoleo | ||||||||||
| /s/ BRIAN G. MACNAMARA | Senior Vice President, Principal Financial Officer, Treasurer, Corporate Controller | February 25, 2020 | ||||||||
| Brian G. Macnamara | ||||||||||
| (Principal Accounting Officer) | ||||||||||
| /s/ MARY L. BAGLIVO | Director | February 25, 2020 | ||||||||
| Mary L. Baglivo | ||||||||||
| /s/ SHEILA C. BAIR | Director | February 25, 2020 | ||||||||
| Sheila C. Bair | ||||||||||
| /s/ ANN MCLAUGHLIN KOROLOGOS | Director | February 25, 2020 | ||||||||
| Ann McLaughlin Korologos | ||||||||||
| /s/ SANDEEP L. MATHRANI | Director | February 25, 2020 | ||||||||
| Sandeep L. Mathrani | ||||||||||
| /s/ JOHN B. MORSE, JR. | Director | February 25, 2020 | ||||||||
| John B. Morse, Jr. | ||||||||||
| /s/ Mary Hogan Preusse | Director | February 25, 2020 | ||||||||
| Mary Hogan Preusse | ||||||||||
| /s/ WALTER C. RAKOWICH | Director | February 25, 2020 | ||||||||
| Walter C. Rakowich | ||||||||||
| /s/ GORDON H. SMITH | Director | February 25, 2020 | ||||||||
| Gordon H. Smith | ||||||||||
| /s/ A. WILLIAM STEIN | Director | February 25, 2020 | ||||||||
| A. William Stein | ||||||||||
SCHEDULE III
Page 1 of 4
HOST HOTELS & RESORTS, INC., HOST HOTELS & RESORTS, L.P., AND SUBSIDIARIES
REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 2019
(in millions)
| Initial Cost | Subsequent | Foreign | Gross Amount at December 31, 2019 | Date of | ||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buildings & | Costs | Currency | Buildings & | Accumulated | Completion of | Date | Depreciation | |||||||||||||||||||||||||||||||||||||||
| Description | Debt | Land | Improvements | Capitalized, net (1) | Adjustment | Land | Improvements | Total | Depreciation | Construction | Acquired | Life | ||||||||||||||||||||||||||||||||||
| Hotels: | ||||||||||||||||||||||||||||||||||||||||||||||
| 1 Hotel South Beach | — | 182 | 443 | 1 | — | 182 | 444 | 626 | 14 | — | 2019 | 34 | ||||||||||||||||||||||||||||||||||
| Andaz Maui at Wailea Resort | — | 151 | 255 | 2 | — | 151 | 257 | 408 | 14 | — | 2018 | 38 | ||||||||||||||||||||||||||||||||||
| Axiom Hotel | — | 36 | 38 | 40 | — | 36 | 78 | 114 | 17 | — | 2014 | 33 | ||||||||||||||||||||||||||||||||||
| Boston Marriott Copley Place | — | — | 203 | 84 | — | — | 287 | 287 | 160 | — | 2002 | 40 | ||||||||||||||||||||||||||||||||||
| Calgary Marriott Downtown Hotel | — | 5 | 18 | 47 | (2 | ) | 5 | 63 | 68 | 39 | — | 1996 | 40 | |||||||||||||||||||||||||||||||||
| Chicago Marriott Suites Downers Grove | — | 2 | 14 | 14 | — | 2 | 28 | 30 | 18 | — | 1996 | 40 | ||||||||||||||||||||||||||||||||||
| Coronado Island Marriott Resort & Spa | — | — | 53 | 59 | — | — | 112 | 112 | 66 | — | 1997 | 40 | ||||||||||||||||||||||||||||||||||
| Denver Marriott Tech Center | — | 6 | 26 | 82 | — | 6 | 108 | 114 | 65 | — | 1994 | 40 | ||||||||||||||||||||||||||||||||||
| Denver Marriott West | — | — | 12 | 16 | — | — | 28 | 28 | 24 | — | 1983 | 40 | ||||||||||||||||||||||||||||||||||
| Embassy Suites by Hilton Chicago Downtown Magnificent Mile | — | — | 86 | 18 | — | — | 104 | 104 | 46 | — | 2004 | 40 | ||||||||||||||||||||||||||||||||||
| Fairmont Kea Lani, Maui | — | 55 | 294 | 69 | — | 55 | 363 | 418 | 164 | — | 2004 | 40 | ||||||||||||||||||||||||||||||||||
| Gaithersburg Marriott Washingtonian Center | — | 7 | 22 | 14 | — | 7 | 36 | 43 | 26 | — | 1993 | 40 | ||||||||||||||||||||||||||||||||||
| Grand Hyatt Atlanta in Buckhead | — | 8 | 88 | 32 | — | 8 | 120 | 128 | 70 | — | 1998 | 40 | ||||||||||||||||||||||||||||||||||
| Grand Hyatt San Francisco | — | 52 | 331 | 3 | — | 52 | 334 | 386 | 20 | — | 2018 | 34 | ||||||||||||||||||||||||||||||||||
| Grand Hyatt Washington | — | 154 | 247 | 41 | — | 154 | 288 | 442 | 86 | — | 2012 | 33 | ||||||||||||||||||||||||||||||||||
| Hilton Singer Island Oceanfront/Palm Beaches Resort | — | 2 | 10 | 22 | — | 2 | 32 | 34 | 25 | — | 1994 | 40 | ||||||||||||||||||||||||||||||||||
| Houston Airport Marriott at George Bush Intercontinental | — | — | 10 | 92 | — | — | 102 | 102 | 75 | — | 1984 | 40 | ||||||||||||||||||||||||||||||||||
| Houston Marriott Medical Center / Museum District | — | — | 19 | 42 | — | — | 61 | 61 | 41 | — | 1998 | 40 | ||||||||||||||||||||||||||||||||||
| Hyatt Place Waikiki Beach | — | 12 | 120 | 3 | — | 12 | 123 | 135 | 29 | — | 2013 | 34 | ||||||||||||||||||||||||||||||||||
| Hyatt Regency Coconut Point Resort and Spa | — | 33 | 185 | 3 | — | 33 | 188 | 221 | 11 | — | 2018 | 36 | ||||||||||||||||||||||||||||||||||
| Hyatt Regency Maui Resort and Spa | — | 92 | 212 | 74 | — | 81 | 297 | 378 | 144 | — | 2003 | 40 | ||||||||||||||||||||||||||||||||||
| Hyatt Regency Reston | — | 11 | 78 | 30 | — | 12 | 107 | 119 | 62 | — | 1998 | 40 | ||||||||||||||||||||||||||||||||||
| Hyatt Regency San Francisco Airport | — | 16 | 119 | 111 | — | 20 | 226 | 246 | 123 | — | 1998 | 40 | ||||||||||||||||||||||||||||||||||
| Hyatt Regency Washington on Capitol Hill | — | 40 | 230 | 45 | — | 40 | 275 | 315 | 119 | — | 2005 | 40 | ||||||||||||||||||||||||||||||||||
| JW Marriott Atlanta Buckhead | — | 16 | 21 | 36 | — | 16 | 57 | 73 | 41 | — | 1990 | 40 | ||||||||||||||||||||||||||||||||||
| JW Marriott Hotel Rio de Janeiro | — | 13 | 29 | 4 | (24 | ) | 7 | 15 | 22 | 5 | — | 2010 | 40 | |||||||||||||||||||||||||||||||||
| JW Marriott Houston by the Galleria | — | 4 | 26 | 54 | — | 6 | 78 | 84 | 48 | — | 1994 | 40 | ||||||||||||||||||||||||||||||||||
| JW Marriott Washington, DC | — | 26 | 98 | 70 | — | 26 | 168 | 194 | 102 | — | 2003 | 40 | ||||||||||||||||||||||||||||||||||
| Manchester Grand Hyatt San Diego | — | — | 548 | 66 | — | — | 614 | 614 | 200 | — | 2011 | 35 | ||||||||||||||||||||||||||||||||||
| Marina Del Rey Marriott | — | — | 13 | 36 | — | — | 49 | 49 | 32 | — | 1995 | 40 |
S-1
SCHEDULE III
Page 2 of 4
HOST HOTELS & RESORTS, INC., HOST HOTELS & RESORTS, L.P., AND SUBSIDIARIES
REAL ESTATE AND ACCUMULATED DEPRECIATION (continued)
December 31, 2019
(in millions)
| Initial Cost | Subsequent | Foreign | Gross Amount at December 31, 2019 | Date of | ||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buildings & | Costs | Currency | Buildings & | Accumulated | Completion of | Date | Depreciation | |||||||||||||||||||||||||||||||||||||||||
| Description | Debt | Land | Improvements | Capitalized, net (1) | Adjustment | Land | Improvements | Total | Depreciation | Construction | Acquired | Life | ||||||||||||||||||||||||||||||||||||
| Marriott Downtown at CF Toronto Eaton Centre | — | — | 27 | 36 | (2 | ) | — | 61 | 61 | 38 | — | 1995 | 40 | |||||||||||||||||||||||||||||||||||
| Marriott Marquis San Diego Marina | — | — | 202 | 389 | — | — | 591 | 591 | 346 | — | 1996 | 40 | ||||||||||||||||||||||||||||||||||||
| Miami Marriott Biscayne Bay | — | 38 | 27 | 39 | — | 38 | 66 | 104 | 52 | — | 1998 | 40 | ||||||||||||||||||||||||||||||||||||
| Minneapolis Marriott City Center | — | 34 | 27 | 43 | — | 34 | 70 | 104 | 63 | — | 1995 | 40 | ||||||||||||||||||||||||||||||||||||
| New Orleans Marriott | — | 16 | 96 | 147 | — | 16 | 243 | 259 | 170 | — | 1996 | 40 | ||||||||||||||||||||||||||||||||||||
| New York Marriott Downtown | — | 19 | 79 | 61 | — | 19 | 140 | 159 | 90 | — | 1997 | 40 | ||||||||||||||||||||||||||||||||||||
| New York Marriott Marquis | — | 49 | 552 | 71 | — | 49 | 623 | 672 | 500 | — | 1986 | 40 | ||||||||||||||||||||||||||||||||||||
| Newark Liberty International Airport Marriott | — | — | 30 | 48 | — | — | 78 | 78 | 57 | — | 1984 | 40 | ||||||||||||||||||||||||||||||||||||
| Newport Beach Marriott Hotel & Spa | — | 11 | 13 | 118 | — | 8 | 134 | 142 | 92 | — | 1988 | 40 | ||||||||||||||||||||||||||||||||||||
| Orlando World Center Marriott | — | 18 | 157 | 410 | — | 29 | 556 | 585 | 325 | — | 1997 | 40 | ||||||||||||||||||||||||||||||||||||
| Philadelphia Airport Marriott | — | — | 42 | 21 | — | — | 63 | 63 | 40 | — | 1995 | 40 | ||||||||||||||||||||||||||||||||||||
| Rio de Janeiro Parque Olimpico Hotels | — | 21 | 39 | 1 | (28 | ) | 11 | 22 | 33 | 5 | 2014 | — | 35 | |||||||||||||||||||||||||||||||||||
| San Antonio Marriott Rivercenter | — | — | 86 | 93 | — | — | 179 | 179 | 115 | — | 1996 | 40 | ||||||||||||||||||||||||||||||||||||
| San Antonio Marriott Riverwalk | — | 6 | 45 | 36 | — | 6 | 81 | 87 | 53 | — | 1995 | 40 | ||||||||||||||||||||||||||||||||||||
| San Francisco Marriott Fisherman's Wharf | — | 6 | 20 | 34 | — | 6 | 54 | 60 | 36 | — | 1994 | 40 | ||||||||||||||||||||||||||||||||||||
| San Francisco Marriott Marquis | — | — | 278 | 223 | — | — | 501 | 501 | 312 | — | 1989 | 40 | ||||||||||||||||||||||||||||||||||||
| San Ramon Marriott | — | — | 22 | 25 | — | — | 47 | 47 | 31 | — | 1996 | 40 | ||||||||||||||||||||||||||||||||||||
| Santa Clara Marriott | — | — | 39 | 89 | — | — | 128 | 128 | 92 | — | 1989 | 40 | ||||||||||||||||||||||||||||||||||||
| Sheraton Boston Hotel | — | 42 | 262 | 73 | — | 42 | 335 | 377 | 149 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| Sheraton New York Times Square Hotel | — | 346 | 409 | (102 | ) | — | 346 | 307 | 653 | 185 | — | 2006 | 40 | |||||||||||||||||||||||||||||||||||
| Sheraton Parsippany Hotel | — | 8 | 30 | 23 | — | 8 | 53 | 61 | 28 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| Swissôtel Chicago | — | 29 | 132 | 99 | — | 30 | 230 | 260 | 116 | — | 1998 | 40 | ||||||||||||||||||||||||||||||||||||
| Tampa Airport Marriott | — | — | 9 | 26 | — | — | 35 | 35 | 31 | — | 1971 | 40 | ||||||||||||||||||||||||||||||||||||
| The Camby Hotel | — | 10 | 63 | 31 | — | 10 | 94 | 104 | 55 | — | 1998 | 40 | ||||||||||||||||||||||||||||||||||||
| The Don CeSar | — | 46 | 158 | 9 | — | 46 | 167 | 213 | 16 | — | 2017 | 34 | ||||||||||||||||||||||||||||||||||||
| The Logan | — | 26 | 60 | 73 | — | 27 | 132 | 159 | 71 | — | 1998 | 40 | ||||||||||||||||||||||||||||||||||||
| The Phoenician, A Luxury Collection Resort | — | 72 | 307 | 108 | — | 74 | 413 | 487 | 77 | — | 2015 | 32 | ||||||||||||||||||||||||||||||||||||
| The Ritz-Carlton Golf Resort, Naples | — | 22 | 10 | 84 | — | 22 | 94 | 116 | 40 | 2002 | — | 40 | ||||||||||||||||||||||||||||||||||||
| The Ritz-Carlton, Amelia Island | — | 25 | 115 | 89 | — | 25 | 204 | 229 | 120 | — | 1998 | 40 | ||||||||||||||||||||||||||||||||||||
| The Ritz-Carlton, Marina Del Rey | — | — | 52 | 39 | — | — | 91 | 91 | 60 | — | 1997 | 40 |
S-2
SCHEDULE III
Page 3 of 4
HOST HOTELS & RESORTS, INC., HOST HOTELS & RESORTS, L.P., AND SUBSIDIARIES
REAL ESTATE AND ACCUMULATED DEPRECIATION (continued)
December 31, 2019
(in millions)
| Initial Cost | Subsequent | Foreign | Gross Amount at December 31, 2019 | Date of | ||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buildings & | Costs | Currency | Buildings & | Accumulated | Completion of | Date | Depreciation | |||||||||||||||||||||||||||||||||||||||||
| Description | Debt | Land | Improvements | Capitalized, net (1) | Adjustment | Land | Improvements | Total | Depreciation | Construction | Acquired | Life | ||||||||||||||||||||||||||||||||||||
| The Ritz-Carlton, Naples | — | 19 | 126 | 168 | — | 21 | 292 | 313 | 186 | — | 1996 | 40 | ||||||||||||||||||||||||||||||||||||
| The Ritz-Carlton, Tysons Corner | — | — | 89 | 37 | — | — | 126 | 126 | 73 | — | 1998 | 40 | ||||||||||||||||||||||||||||||||||||
| The St. Regis Houston | — | 6 | 33 | 21 | — | 6 | 54 | 60 | 30 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| The Westin Buckhead Atlanta | — | 5 | 84 | 36 | — | 6 | 119 | 125 | 68 | — | 1998 | 40 | ||||||||||||||||||||||||||||||||||||
| The Westin Chicago River North | — | 33 | 116 | 16 | — | 33 | 132 | 165 | 35 | — | 2010 | 40 | ||||||||||||||||||||||||||||||||||||
| The Westin Cincinnati | — | — | 54 | 19 | — | — | 73 | 73 | 33 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| The Westin Denver Downtown | — | — | 89 | 21 | — | — | 110 | 110 | 46 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| The Westin Georgetown, Washington D.C. | — | 16 | 80 | 17 | — | 16 | 97 | 113 | 42 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| The Westin Kierland Resort & Spa | — | 100 | 280 | 30 | — | 100 | 310 | 410 | 110 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| The Westin Los Angeles Airport | — | — | 102 | 26 | — | — | 128 | 128 | 54 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| The Westin Seattle | — | 39 | 175 | 45 | — | 39 | 220 | 259 | 86 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| The Westin South Coast Plaza, Costa Mesa | — | — | 46 | 25 | — | — | 71 | 71 | 51 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| The Westin Waltham Boston | — | 9 | 59 | 22 | — | 9 | 81 | 90 | 35 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| The Whitley, a Luxury Collection Hotel, Atlanta Buckhead | — | 14 | 81 | 86 | — | 15 | 166 | 181 | 106 | — | 1996 | 40 | ||||||||||||||||||||||||||||||||||||
| W Hollywood | — | — | 204 | — | — | — | 204 | 204 | 20 | — | 2017 | 35 | ||||||||||||||||||||||||||||||||||||
| W Seattle | — | 11 | 125 | 12 | — | 11 | 137 | 148 | 50 | — | 2006 | 40 | ||||||||||||||||||||||||||||||||||||
| Washington Marriott at Metro Center | — | 20 | 24 | 30 | — | 20 | 54 | 74 | 41 | — | 1994 | 40 | ||||||||||||||||||||||||||||||||||||
| Westfields Marriott Washington Dulles | — | 7 | 32 | 21 | — | 7 | 53 | 60 | 38 | — | 1994 | 40 | ||||||||||||||||||||||||||||||||||||
| YVE Hotel Miami | — | 15 | 41 | 2 | — | 15 | 43 | 58 | 8 | — | 2014 | 33 | ||||||||||||||||||||||||||||||||||||
| Total hotels: | — | 2,061 | 9,076 | 4,280 | (56 | ) | 2,057 | 13,304 | 15,361 | 6,363 | ||||||||||||||||||||||||||||||||||||||
| Other properties, each less than 5% of total | — | 5 | 1 | 3 | — | 5 | 4 | 9 | 1 | — | various | 40 | ||||||||||||||||||||||||||||||||||||
| TOTAL | $ | — | $ | 2,066 | $ | 9,077 | $ | 4,283 | $ | (56 | ) | $ | 2,062 | $ | 13,308 | $ | 15,370 | $ | 6,364 | |||||||||||||||||||||||||||||
| ___________ | ||||||||||||||||||||||||||||||||||||||||||||||||
| (1) Subsequent costs capitalized are net of impairment expense. |
S-3
SCHEDULE III
Page 4 of 4
HOST HOTELS & RESORTS, INC., AND SUBSIDIARIES
HOST HOTELS & RESORTS, L.P., AND SUBSIDIARIES
REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 2019
(in millions)
Notes:
| (A) | The change in total cost of properties for the fiscal years ended December 31, 2019, 2018 and 2017 is as follows: |
|---|
| Balance at December 31, 2016 | $ | 15,530 | ||
|---|---|---|---|---|
| Additions: | ||||
| Acquisitions | 447 | |||
| Capital expenditures and transfers from construction-in-progress | 191 | |||
| Deductions: | ||||
| Dispositions and other | (567 | ) | ||
| Impairments | (43 | ) | ||
| Assets held for sale | (95 | ) | ||
| Balance at December 31, 2017 | 15,463 | |||
| Additions: | ||||
| Acquisitions | 1,013 | |||
| Capital expenditures and transfers from construction-in-progress | 249 | |||
| Deductions: | ||||
| Dispositions and other | (551 | ) | ||
| Impairments | (260 | ) | ||
| Assets held for sale | (368 | ) | ||
| Balance at December 31, 2018 | 15,546 | |||
| Additions: | ||||
| Acquisitions | 625 | |||
| Capital expenditures and transfers from construction-in-progress | 332 | |||
| Deductions: | ||||
| Dispositions and other | (1,127 | ) | ||
| Impairments | (6 | ) | ||
| Balance at December 31, 2019 | $ | 15,370 |
| (B) | The change in accumulated depreciation and amortization of real estate assets for the fiscal years ended December 31, 2019, 2018 and 2017 is as follows: |
|---|
| Balance at December 31, 2016 | $ | 5,949 | ||
|---|---|---|---|---|
| Depreciation and amortization | 563 | |||
| Dispositions and other | (247 | ) | ||
| Depreciation on assets held for sale | 7 | |||
| Balance at December 31, 2017 | 6,272 | |||
| Depreciation and amortization | 546 | |||
| Dispositions and other | (344 | ) | ||
| Depreciation on assets held for sale | (101 | ) | ||
| Balance at December 31, 2018 | 6,373 | |||
| Depreciation and amortization | 535 | |||
| Dispositions and other | (544 | ) | ||
| Balance at December 31, 2019 | $ | 6,364 |
| (C) | The aggregate cost of real estate for federal income tax purposes is approximately $9,742 million at December 31, 2019. |
|---|
| (D) | The total cost of properties excludes construction-in-progress assets. |
|---|
S-4
Previous: Item 15. Exhibits and Financial Statement Schedules.