Property and Equipment, Net

12 Months Ended

Dec. 31, 2014

7. Property and Equipment, Net

Property and equipment, net was comprised of the following (amounts in millions):

		At December 31,
		2014		2013
Land		$	1	$	1
Buildings			4		5
Leasehold improvements			104		96
Computer equipment			347		424
Office furniture and other equipment			45		60
	Total cost of property and equipment		501		586
Less accumulated depreciation			(344)		(448)
	Property and equipment, net	$	157	$	138

Depreciation expense for the years ended December 31, 2014, 2013, and 2012 was $76 million, $84 million, and $90 million, respectively.

Rental expense was $38 million, $35 million and $37 million for the years ended December 31, 2014, 2013, and 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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