Property and Equipment, Net

9 Months Ended

Sep. 30, 2012

Property and Equipment, Net [Abstract]

Property and Equipment, Net

6. Property and Equipment, Net

Property and equipment, net, consisted of:

	September 30, 2012							December 31, 2011
(in $ millions)	Cost		Accumulated depreciation			Net		Cost		Accumulated depreciation			Net
Capitalized software		617		(358	)		259		600		(314	)		286
Furniture, fixtures and equipment		240		(151	)		89		240		(137	)		103
Building and leasehold improvements		11		(7	)		4		11		(7	)		4
Construction in progress		27		—			27		38		—			38
		895		(516	)		379		889		(458	)		431

The Company recorded depreciation expense of $36 million and $34 million during the three months ended September 30, 2012 and 2011, respectively. The Company recorded depreciation expense of $108 million and $101 million during the nine months ended September 30, 2012 and 2011, respectively.

As of September 30, 2012 and December 31, 2011, the Company had capital lease assets of $56 million and $64 million, respectively, included within furniture, fixtures and equipment. During the nine months ended September 30, 2012 and 2011, the Company invested $67 million and $66 million, respectively, in property and equipment.

The amount of interest on capital projects capitalized was $1 million for both the three months ended September 30, 2012 and 2011, and $2 million for both the nine months ended September 30, 2012 and 2011.