	March 31, 2019			December 31, 2018
	(in millions)
Land	$	3,340		$	3,344
Buildings and leasehold improvements		5,615			5,616
Furniture and equipment		941			949
Construction-in-progress		147			124
		10,043			10,033
Accumulated depreciation and amortization		(2,099	)		(2,058	)
	$	7,944		$	7,975

Depreciation of property and equipment was $62 million and $69 million during the three months ended March 31, 2019 and 2018, respectively.

In September 2017, Hurricanes Irma and Maria caused damage and disruption at certain of our hotels in Florida and the Caribe Hilton in Puerto Rico. Our insurance coverage provides us with reimbursement for the replacement cost for the damage to these hotels, which includes certain clean-up and repair costs, exceeding the applicable deductibles, in addition to loss of business.

During the three months ended March 31, 2019, we received $1 million of insurance proceeds related to property damage and recognized an additional $2 million related to business interruption. Business interruption proceeds are included within ancillary hotel revenue in our condensed consolidated statements of comprehensive income. The insurance receivable as of March 31, 2019 and December 31, 2018 was $23 million and $25 million, respectively, and is included within other assets in our condensed consolidated balance sheets.

During the three months ended March 31, 2018, we incurred $7 million of expenses, and based upon additional information obtained during the period, we recognized a loss of $22 million for property and equipment that was damaged during the hurricanes. These amounts were offset by the recognition of an insurance receivable of $29 million. Additionally, we received $18 million of insurance proceeds related to property damage.