PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2013

NOTE 6 PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of:

		December 31,
		2013		2012
Office and computer equipment (2 - 20 year estimated useful life)		$	129.7	$	119.7
Office furniture and fixtures (5 - 10 year estimated useful life)			40.6		40.3
Internal-use computer software (3 - 5 year estimated useful life)			284.9		263.9
Leasehold improvements (3 - 20 year estimated useful life)			199.2		197.5
	Total property and equipment, at cost		654.4		621.4
Less: accumulated depreciation and amortization			(375.7)		(314.3)
Total property and equipment, net		$	278.7	$	307.1

Depreciation and amortization expense related to the above assets was $ 65 million, $63.4 million, and $58.7 million for the years ended December 31, 2013, 2012 and 2011, 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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