Property and Equipment, net

3 Months Ended

Mar. 31, 2018

Property, Plant and Equipment [Abstract]

Property and equipment, net consisted of the following:



	March 31, 2018			December 31, 2017
Land	$	20.8		$	35.7
Buildings and leasehold improvements	122.2			183.6
Gaming and lottery machinery and equipment	992.3			962.2
Furniture and fixtures	33.5			33.2
Construction in progress	30.9			27.7
Other property and equipment	242.6			236.9
Less: accumulated depreciation	(937.0		)	(911.1		)
Total property and equipment, net	$	505.3		$	568.2

Depreciation expense is excluded from Cost of services, Cost of product sales, Cost of instant products and Other operating expenses and is separately presented within D&A.



	Three Months Ended
	March 31,
	2018		2017
Depreciation expense	$	53.1	$	66.9

Assets Held For Sale

As of March 31, 2018 we had $55.1 million of assets held for sale, and none as of December 31, 2017. Assets held for sale primarily relate to our Gaming business segment and consist of certain properties in Las Vegas, Nevada and Chicago, Illinois that are in the process of being sold as a result of our recent facility rationalization and integration activities. These assets held for sale are included within Prepaid expenses, deposits and other current assets and are reported at the lower of the carrying value or fair market value, less expected costs to sell. We measured the fair value of assets held for sale under a market approach and have categorized such measurements as Level 3 in the fair value hierarchy. Based on our fair value measurement as of March 31, 2018, the book value related to our assets held for sale was reduced by approximately $19.0 million, which was recorded within D&A.