Property and Equipment, net

6 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

Property and Equipment, Net



(In millions)	June 30, 2014			December 31, 2013
Land and land improvements	$	6,251.5		$	6,266.8
Buildings, riverboats, and improvements	7,337.9			6,668.1
Furniture, fixtures, and equipment	2,412.4			2,297.7
Construction in progress	465.0			824.6
	16,466.8			16,057.2
Less: accumulated depreciation	(3,009.4		)	(2,819.3		)
	$	13,457.4		$	13,237.9

Depreciation expense is included in depreciation and amortization, corporate expense, and loss from discontinued operations, and was as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2014		2013		2014		2013
Depreciation expense	$	139.7	$	142.8	$	268.7	$	306.4

Tangible Asset Impairments

We recorded tangible asset impairment charges of $66.8 million in the first quarter of 2014, as result of our decision to close Harrah's Tunica, which is included in loss from discontinued operations. We recorded tangible asset impairment charges totaling $101.7 million in the second quarter of 2013, related to our land holdings in Biloxi, Mississippi, and a real estate project in Atlantic City, New Jersey.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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