Property, Equipment And Software

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

The following is a summary of property, equipment and software:



$ in millions	December 31, 2014		December 31, 2013
Technology and Other Equipment	268.9		266.5
Software	368.3		327.8
Land and Buildings	62.3		65.8
Leasehold Improvements	196.1		185.7
Work in Process	84.0		54.4
Property, Equipment and Software, Gross	979.6		900.2
Less: Accumulated Depreciation	(577.0	)	(549.4	)
Property, Equipment and Software, Net	402.6		350.8

Depreciation expense related to property, equipment and software was $76.8 million, $71.3 million and $65.4 million for the years ended December 31, 2014, 2013 and 2012, respectively. In addition, $11.7 million of capitalized IT software development costs was written off during the year ended December 31, 2013.

- 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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