Property and Equipment, Net

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

Properties and Equipment, Net

Property and Equipment consisted of the following:



At December 31,	2012			2011			Depreciable Life
	(dollars are in millions)
Land	$	3		$	3		—
Buildings and improvements	99			101			10-40 years
Furniture and equipment	26			26			3-10
Total	128			130
Accumulated depreciation and amortization	(57		)	(53		)
Properties and equipment, net	$	71		$	77

Depreciation and amortization expense for continuing operations totaled $6 million, $11 million and $15 million in 2012, 2011 and 2010, 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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