Property and Equipment, Net

3 Months Ended

Mar. 31, 2014

Property Plant And Equipment [Abstract]

5. Property and Equipment, Net

Property and equipment, net, consisted of:


	March 31, 2014						December 31, 2013
(in $ millions)	Cost		Accumulated depreciation		Net		Cost		Accumulated depreciation		Net
Capitalized software		686		(473)		213		650		(449)		201
Computer equipment		282		(149)		133		281		(139)		142
Building and leasehold improvements		18		(8)		10		17		(8)		9
Construction in progress		66		—		66		76		—		76

		1,052		(630)		422		1,024		(596)		428

The Company recorded depreciation expense of $37 million and $32 million during the three months ended March 31, 2014 and 2013, respectively.

As of March 31, 2014 and December 31, 2013, the Company had net capital lease assets of $101 million and $104 million, respectively, included within computer equipment. During the three months ended March 31, 2014 and 2013, the Company invested $31 million and $24 million, respectively, in property and equipment.

The amount of interest on capital projects capitalized was $2 million and $1 million for the three months ended March 31, 2014 and 2013, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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