Property and Equipment

12 Months Ended

Dec. 31, 2019

Property Plant And Equipment [Abstract]

Property and Equipment

Note 7: Property and Equipment

Property and equipment were as follows:

	December 31,
($ in millions)	2019			2018
Land	$	154		$	268
Buildings and leasehold improvements		286			295
Furniture and equipment		65			54
Construction in progress		383			25
		888			642
Accumulated depreciation		(110	)		(83	)
	$	778		$	559

For the year ended December 31, 2019, we completed the purchase of 87 hotel units for future conversion to 74 timeshare units in Los Cabos Mexico for $37 million. For non-cash transfers see Note 23: Supplemental Disclosure of Cash Flow Information for additional information.

Depreciation expense on property and equipment was $35 million, $23 million, and $17 million for the years ended December 31, 2019, 2018 and 2017 respectively.