Property and Equipment, Net

6 Months Ended

Jun. 30, 2014

Property Plant And Equipment [Abstract]

5. Property and Equipment, Net

Property and equipment, net, consisted of:


	June 30, 2014							December 31, 2013
(in $ millions)	Cost		Accumulated depreciation			Net		Cost		Accumulated depreciation			Net
Capitalized software	$	702	$	(498	)	$	204	$	650	$	(449	)	$	201
Computer equipment		288		(161	)		127		281		(139	)		142
Building and leasehold improvements		19		(9	)		10		17		(8	)		9
Construction in progress		72		—			72		76		—			76

	$	1,081	$	(668	)	$	413	$	1,024	$	(596	)	$	428

The Company recorded depreciation expense of $37 million and $29 million during the three months ended June 30, 2014 and 2013, respectively. The Company recorded depreciation expense of $74 million and $61 million during the six months ended June 30, 2014 and 2013, respectively.

As of June 30, 2014 and December 31, 2013, the Company had net capital lease assets of $94 million and $104 million, respectively, included within computer equipment.

The amount of interest on capital projects capitalized was $3 million and $1 million for the three months ended June 30, 2014 and 2013, respectively. The amount of interest on capital projects capitalized was $5 million and $2 million for the six months ended June 30, 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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