Q2 adjusted diluted EPS totalled USD1.73, a 56 percent increase over second quarter 2017 adjusted results.
Adjusted results exclude merger-related adjustments, cost reimbursement revenue, reimbursed expenses, and an adjustment to the Avendra gain. More specifically, during Q2, EPS included USD0.26 from gains on asset sales (USD119 million pre-tax reflected in Gains and other income, net and Equity in earnings).
During the 2017 second quarter, EPS included USD0.04 from the gain on an asset sale (USD24 million pretax reflected in Gains and other income, net).
To date, the company has recycled nearly USD1.8 billion of capital since the acquisition of Starwood Hotels & Resorts on September 23, 2016.