Property and Equipment

6 Months Ended

Jun. 30, 2015

Property, Plant and Equipment [Abstract]



(In millions)	June 30, 2015			December 31, 2014
Land and land improvements	$	3,578		$	6,218
Buildings, riverboats, and improvements	4,020			7,506
Furniture, fixtures, and equipment	1,254			2,685
Construction in progress	148			302
Total property and equipment	9,000			16,711
Less: accumulated depreciation	(1,345		)	(3,255		)
Total property and equipment, net	$	7,655		$	13,456

Capitalized interest was $9 million for the six months ended June 30, 2015, primarily related to the Atlantic City Convention and Meeting Center construction and room renovation at The LINQ Hotel & Casino and Bally’s Hotel & Casino. Capitalized interest was $29 million for the six months ended June 30, 2014, primarily related to The LINQ Promenade and Horseshoe Baltimore.

Depreciation Expense

	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2015		2014		2015		2014
Depreciation expense ⁽¹⁾	$	72	$	140	$	148	$	269

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⁽¹⁾	Included in depreciation and amortization, corporate expense, and income/(loss) from discontinued operations

Tangible Asset Impairments

	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2015		2014		2015		2014
Continuing operations	$	—	$	4	$	—	$	8
Discontinued operations	—		—		—		68
Total	$	—	$	4	$	—	$	76