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Property and Equipment (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2014
Dec. 31, 2013
Property, Plant and Equipment [Abstract]    
Property and Equipment
The table below presents the balances of major classes of assets and accumulated depreciation.
 
 
 
 
As of
(in millions)
 
Estimated Useful Lives
 
September 30,
2014
 
December 31,
2013
Land
 
 
 
$
88.4

 
$
88.6

Building and improvements
 
20 to 40 years
 
47.5

 
45.0

Advertising structures
 
5 to 20 years
 
1,662.4

 
1,662.3

Furniture, equipment and other
 
3 to 10 years
 
76.1

 
77.2

Construction in progress
 
 
 
15.7

 
18.9

 
 
 
 
1,890.1

 
1,892.0

Less: accumulated depreciation
 
 
 
1,185.7

 
1,136.6

Property and equipment, net
 
 
 
$
704.4

 
$
755.4

Depreciation is computed using the straight-line method over the estimated useful lives as follows:
Buildings and improvements
20 to 40 years
Advertising structures
5 to 20 years
Furniture, equipment and other
3 to 10 years
The table below presents the balances of major classes of assets and accumulated depreciation.
At December 31,
2013

 
2012

Land
$
88.6

 
$
87.8

Buildings and improvements
45.0

 
45.7

Advertising structures
1,662.3

 
1,655.9

Furniture, equipment and other
77.2

 
76.3

Construction in progress
18.9

 
13.5

 
1,892.0

 
1,879.2

Less accumulated depreciation
1,136.6

 
1,071.3

Property and equipment, net
$
755.4

 
$
807.9