Property and Equipment, Net

6 Months Ended

Jun. 30, 2011

Property and Equipment, Net [Abstract]


6.	Property and Equipment, Net

Property and equipment, net, consisted of:


	June 30, 2011							December 31, 2010
			Accumulated							Accumulated
(in $ millions)	Cost		depreciation			Net		Cost		depreciation			Net

Capitalized software		590		(264	)		326		573		(256	)		317
Furniture, fixtures and equipment		229		(132	)		97		215		(125	)		90
Building and leasehold improvements		15		(9	)		6		15		(9	)		6
Construction in progress		28		—			28		71		—			71

		862		(405	)		457		874		(390	)		484

The Company recorded depreciation expense of $34 million and $31 million during the three months ended June 30, 2011 and 2010, respectively. The Company recorded depreciation expense of $67 million and $56 million during the six months ended June 30, 2011 and 2010, respectively.

As of June 30, 2011 and December 31, 2010, the Company had capital lease assets of $59 million and $47 million, respectively, included within furniture, fixtures and equipment. Construction in progress as of June 30, 2011 and December 31, 2010 include $2 million and $6 million, respectively, of capitalized interest.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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