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Schedule III - Schedule of Real Estate and Accumulated Depreciation (Notes)
 12 Months Ended
Dec. 31, 2013
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Schedule III
SCHEDULE III – SCHEDULE OF REAL ESTATE AND
ACCUMULATED DEPRECIATION
AT DECEMBER 31, 2013
(Dollars in millions)
Description (1)
 
Encumbrances
 
Initial
Cost
 
Cost
Capitalized
Subsequent
to
Acquisition
 
Gross
Carrying
Amount at
December 31,
2013 (3)
 
Accumulated
Depreciation
 
Construction
Date
 
Acquisition
Date
 
Useful
Lives
United States -
45,094 displays
 
—

 
(2) 
 
(2) 
 
$
1,266.6

 
$
(768.0
)
 
Various
 
Various
 
5 to 20 years
Canada - 6,054 displays
 
—

 
(2) 
 
(2) 
 
348.7

 
(258.3
)
 
Various
 
Various
 
5 to 20 years
Mexico - 4,657 displays
 
—

 
(2) 
 
(2) 
 
33.1

 
(20.5
)
 
Various
 
Various
 
5 to 20 years
Argentina - 585 displays
 
—

 
(2) 
 
(2) 
 
1.9

 
(0.6
)
 
Various
 
Various
 
5 to 20 years
Brazil - 771 displays
 
—

 
(2) 
 
(2) 
 
5.7

 
(0.9
)
 
Various
 
Various
 
5 to 20 years
Uruguay - 156 displays
 
—

 
(2) 
 
(2) 
 
2.0

 
(1.1
)
 
Various
 
Various
 
5 to 20 years
Chile - 890 displays
 
—

 
(2) 
 
(2) 
 
4.3

 
(3.3
)
 
Various
 
Various
 
5 to 20 years
 
 
 
 
 
 
 
 
$
1,662.3

 
$
(1,052.7
)
 
 
 
 
 
 
______________________
(1)
No single asset exceeded 5% of the total gross carrying amount at December 31, 2013.
(2)
This information is omitted as it would be impracticable to compile on a site-by-site basis.
(3)
Includes sites under construction.
The following table summarizes the activity for the Company’s real estate assets, which consist of advertising displays, and the related accumulated depreciation.
 
2013
 
2012
 
2011
Gross real estate assets:
 
 
 
 
 
Balance at the beginning of the year
$
1,655.9

 
$
1,627.1

 
$
1,607.3

Additions for construction of / improvements to structures
50.6

 
47.0

 
43.9

Assets sold or written-off
(14.9
)
 
(32.3
)
 
(8.9
)
Foreign exchange
(29.3
)
 
14.1

 
(15.2
)
Balance at the end of the year
$
1,662.3

 
$
1,655.9

 
$
1,627.1

Accumulated depreciation:
 
 
 
 
 
Balance at the beginning of the year
$
990.0

 
$
911.0

 
$
827.1

Depreciation
97.5

 
98.8

 
101.3

Foreign exchange
(21.1
)
 
9.9

 
(10.2
)
Assets sold or written-off
(13.7
)
 
(29.7
)
 
(7.2
)
Balance at the end of the year
$
1,052.7

 
$
990.0

 
$
911.0