Property and Equipment, Net

6 Months Ended

Jun. 30, 2012

Property and Equipment, Net [Abstract]

Property and Equipment, Net

6. Property and Equipment, Net

Property and equipment, net, consisted of:

	June 30, 2012							December 31, 2011
(in $ millions)	Cost		Accumulated depreciation			Net		Cost		Accumulated depreciation			Net
Capitalized software		586		(330	)		256		600		(314	)		286
Furniture, fixtures and equipment		241		(146	)		95		240		(137	)		103
Building and leasehold improvements		11		(7	)		4		11		(7	)		4
Construction in progress		40		—			40		38		—			38
		878		(483	)		395		889		(458	)		431

The Company recorded depreciation expense of $36 million and $34 million during the three months ended June 30, 2012 and 2011, respectively. The Company recorded depreciation expense of $72 million and $67 million during the six months ended June 30, 2012 and 2011, respectively.

As of June 30, 2012 and December 31, 2011, the Company had capital lease assets of $61 million and $64 million, respectively, included within furniture, fixtures and equipment. During the six months ended June 30, 2012 and 2011, the Company invested $37 million and $44 million, respectively, in property and equipment.

Construction in progress as of June 30, 2012 and December 31, 2011 includes $1 million and $2 million, respectively, of capitalized interest.