Property and Equipment (Tables)

6 Months Ended

Jun. 30, 2020

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment, Net and Depreciation Expense

Property and equipment, net, consisted of the following:

(in millions)	June 30, 2020		December 31, 2019
Property and equipment - Not Subject to Master Leases
Land and improvements	$	113.0	$	353.2
Buildings, vessels and improvements	220.7		420.4
Furniture, fixtures and equipment	1,681.3		1,598.3
Leasehold improvements	188.0		183.6
Construction in progress	96.8		59.3
	2,299.8		2,614.8
Less: Accumulated depreciation	(1,585.2)		(1,548.3)
	714.6		1,066.5
Property and equipment - Subject to Master Leases
Land and improvements	1,525.9		1,525.9
Buildings, vessels and improvements	3,664.6		3,664.6
	5,190.5		5,190.5
Less: Accumulated depreciation	(1,228.1)		(1,136.8)
	3,962.4		4,053.7
Property and equipment, net	$	4,677.0	$	5,120.2

Depreciation expense was as follows:

	For the three months ended June 30,				For the six months ended June 30,
(in millions)	2020		2019		2020		2019
Depreciation expense (1)	$	83.8	$	97.7	$	171.3	$	193.9

(1)Of such amounts, $45.8 million, $46.1 million, $91.8 million and $92.9 million, respectively, pertained to real estate assets subject to either of our Master Leases.