Property and Equipment

12 Months Ended

Dec. 31, 2011

Net property and equipment consisted of:


In millions	December 31, *2011*			2010
Land		$ 5,328.3		$	5,200.5
Buildings and improvements on owned land		13,079.9			12,399.4
Buildings and improvements on leased land		12,021.8			11,732.0
Equipment, signs and seating		4,757.2			4,608.5
Other		550.4			542.0
		35,737.6			34,482.4
Accumulated depreciation and amortization		(12,903.1	)		(12,421.8	)
Net property and equipment		$ 22,834.5		$	22,060.6

Depreciation and amortization expense was (in millions): 2011–$1,329.6; 2010–$1,200.4; 2009–$1,160.8.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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