Properties and Equipment, Net

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Properties and Equipment, Net

Properties and equipment, net of accumulated depreciation, is summarized in the following table:



At December 31,	2014			2013			Depreciable Life
	(in millions)
Land	$	8		$	8		—
Buildings and improvements	559			551			10-40 years
Furniture and equipment	139			137			3-30
Total	706			696
Accumulated depreciation and amortization	(459		)	(427		)
Properties and equipment, net	$	247		$	269

Depreciation and amortization expense totaled $58 million, $59 million and $61 million in 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.

+ References+ Details