Property and Equipment

12 Months Ended

Dec. 31, 2012

The following is a summary of property and equipment:



$ in millions	December 31, 2012		December 31, 2011
Technology and Other Equipment	253.0		267.2
Software	316.0		284.0
Land and Buildings	70.8		65.7
Leasehold Improvements	185.9		176.6
Work in Process	47.4		44.2
Property and Equipment, Gross	873.1		837.7
Less: Accumulated Depreciation	(523.5	)	(524.9	)
Property and Equipment, Net	349.6		312.8

Depreciation expense related to property and equipment was $65.4 million, $60.3 million and $46.4 million for the years ended December 31, 2012, 2011 and 2010, respectively.

- 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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