Property and Equipment, Net

9 Months Ended

Sep. 30, 2011

Property and Equipment, Net [Abstract]


6.	Property and Equipment, Net

Property and equipment, net, consisted of:


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

Capitalized software		600		(289	)		311		573		(256	)		317
Furniture, fixtures and equipment		231		(138	)		93		215		(125	)		90
Building and leasehold improvements		15		(9	)		6		15		(9	)		6
Construction in progress		31		—			31		71		—			71

		877		(436	)		441		874		(390	)		484

The Company recorded depreciation expense of $34 million and $32 million during the three months ended September 30, 2011 and 2010, respectively. The Company recorded depreciation expense of $101 million and $88 million during the nine months ended September 30, 2011 and 2010, respectively.

As of September 30, 2011 and December 31, 2010, the Company had capital lease assets of $56 million and $47 million, respectively, included within furniture, fixtures and equipment. For the nine months ended September 30, 2011 and 2010, the Company invested $66 million and $181 million, respectively, in property and equipment. Construction in progress as of September 30, 2011 and December 31, 2010 includes $1 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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