Property and Equipment, Net

6 Months Ended

Jun. 30, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Property and Equipment, Net

The table below presents the balances of major classes of assets and accumulated depreciation.

		As of
(in millions)	Estimated Useful Lives	June 30, 2020		December 31, 2019
Land		$	98.1	$	98.8
Buildings	20 to 40 years	47.6		50.4
Advertising structures	5 to 20 years	1,869.9		1,866.1
Furniture, equipment and other	3 to 10 years	162.3		153.1
Construction in progress		30.2		25.4
		2,208.1		2,193.8
Less: Accumulated depreciation		1,550.3		1,527.6
Property and equipment, net		$	657.8	$	666.2

Depreciation expense was $21.2 million in the three months ended June 30, 2020, $21.4 million in the three months ended June 30, 2019, $42.2 million in the six months ended June 30, 2020, and $42.5 million in the six months ended June 30, 2019.