Property and Equipment

12 Months Ended

Dec. 31, 2010

Property and Equipment

2. Property and Equipment

Property and equipment consists of the following as of December 31:

	2010			2009
	(in millions)
Land and land improvements	$	1,669		$	1,574
Buildings and leasehold improvements		12,080			11,502
Furniture and equipment		1,895			1,794
Construction in progress		168			104
		15,812			14,974
Less accumulated depreciation and amortization		(5,298	)		(4,743	)
	$	10,514		$	10,231

The aggregate cost of real estate for federal income tax purposes is approximately $9,957 million at December 31, 2010. During 2009, we recorded non-cash impairment charges totaling $97 million, of which $20 million is included in depreciation and amortization and the remaining $77 million has been reclassified to discontinued operations. See Note 13 – “Fair Value Measurements.