Property and Equipment

12 Months Ended

Dec. 31, 2018

Property Plant And Equipment [Abstract]

Property and Equipment

3 Property and Equipment

Property and equipment consists of the following (in millions):

	As of December 31,
	2018			2017
Land and land improvements	$	1,960		$	1,934
Buildings and leasehold improvements		13,586			13,529
Furniture and equipment		2,411			2,357
Construction in progress		220			106
		18,177			17,926
Less accumulated depreciation and amortization		(8,417	)		(8,234	)
	$	9,760		$	9,692

The aggregate cost of real estate for federal income tax purposes is approximately $10.5 billion at December 31, 2018.