Property and Equipment

12 Months Ended

Dec. 31, 2020

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,
	2020			2019
Land and land improvements	$	2,033		$	2,062
Buildings and leasehold improvements		13,609			13,308
Furniture and equipment		2,471			2,362
Construction in progress		166			262
		18,279			17,994
Less accumulated depreciation and amortization		(8,863	)		(8,323	)
	$	9,416		$	9,671

The aggregate cost of real estate for federal income tax purposes is approximately $9.7 billion at December 31, 2020.