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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.