Property and Equipment, Net

3 Months Ended

Mar. 31, 2012

Property and Equipment, Net [Abstract]

Property and Equipment, Net

6. Property and Equipment, Net

Property and equipment, net, consisted of:

	March 31, 2012							December 31, 2011
(in $ millions)	Cost		Accumulated depreciation			Net		Cost		Accumulated depreciation			Net
Capitalized software		591		(319	)		272		600		(314	)		286
Furniture, fixtures and equipment		232		(140	)		92		240		(137	)		103
Building and leasehold improvements		11		(7	)		4		11		(7	)		4
Construction in progress		43		—			43		38		—			38
		877		(466	)		411		889		(458	)		431

The Company recorded depreciation expense of $36 million and $33 million during the three months ended March 31, 2012 and 2011, respectively.

As of March 31, 2012 and December 31, 2011, the Company had capital lease assets of $60 million and $64 million, respectively, included within furniture, fixtures and equipment. During the three months ended March 31, 2012 and 2011, the Company invested $15 million and $18 million, respectively, in property and equipment.

Construction in progress as of March 31, 2012 and December 31, 2011 includes $1 million and $2 million, respectively, of capitalized interest.