Property and Equipment, Net

12 Months Ended

Dec. 31, 2012

7. PROPERTY AND EQUIPMENT, NET

Property and equipment was comprised of the following at December 31, 2012 and 2011:


	2012			2011
	(in millions)
Land	$	20		$	18
Buildings and leasehold improvements		620			523
Equipment		728			606
Computer software		1,145			935

		2,513			2,082
Accumulated depreciation		(1,415	)		(1,170	)

Property and equipment, net	$	1,098		$	912

Depreciation expense was $263 million in 2012, $249 million in 2011, and $225 million in 2010, including amortization expense for capitalized internally developed and purchased software of $151 million in 2012, $139 million in 2011, and $136 million in 2010.

- Definition

Tabular disclosure of the useful life and salvage value of 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.

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