Property and Equipment, Net

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Properties and Equipment, Net

Property and equipment consisted of the following:

	December 31, 2015			December 31, 2014			Depreciable Life
	(dollars are in millions)
Land	$	2		$	3		—
Buildings and improvements	21			109			10-40 years
Furniture and equipment	2			28			3-10 years
Total	25			140
Accumulated depreciation and amortization	(21		)	(77		)
Properties and equipment, net	$	4		$	63

Depreciation and amortization expense for continuing operations totaled $6 million, $7 million and $6 million in 2015, 2014 and 2013, respectively.

During 2015, we sold a data center, including furniture and equipment, located in Vernon Hills, Illinois to HSBC Technology & Services (USA) Inc. ("HTSU"). We received cash totaling $54 million which also reflected the carrying value of the data center and related furniture and equipment. No gain or loss was recorded as a result of this transaction.