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Property and Equipment (Notes)
 9 Months Ended
Sep. 30, 2015
Property, Plant and Equipment [Abstract]  
Property and Equipment
Property and Equipment
(In millions)
September 30, 2015
 
December 31, 2014
Land and land improvements
$
3,582

 
$
6,218

Buildings, riverboats, and improvements
4,113

 
7,506

Furniture, fixtures, and equipment
1,321

 
2,685

Construction in progress
41

 
302

Total property and equipment
9,057

 
16,711

Less: accumulated depreciation
(1,427
)
 
(3,255
)
Total property and equipment, net
$
7,630

 
$
13,456


Capitalized interest was $11 million for the nine months ended September 30, 2015, primarily related to the Atlantic City Convention Center construction and room renovation at The LINQ Hotel & Casino and Bally’s Hotel & Casino. Capitalized interest was $39 million for the nine months ended September 30, 2014, primarily related to The LINQ Promenade and Horseshoe Baltimore.
Depreciation Expense
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In millions)
2015
 
2014
 
2015
 
2014
Depreciation expense (1)
$
76

 
$
168

 
$
224

 
$
435


____________________
(1) 
Included in depreciation and amortization, corporate expense, and income/(loss) from discontinued operations
Tangible Asset Impairments
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In millions)
2015
 
2014
 
2015
 
2014
Continuing operations
$
—

 
$
53

 
$
—

 
$
61

Discontinued operations
—

 
—

 
—

 
68

Total
$
—

 
$
53

 
$
—

 
$
129


We recorded tangible asset impairment charges related to continuing operations totaling $53 million and $61 million for the three and nine months ended September 30, 2014, respectively. In the third quarter of 2014, due to a decline in recent performance and downward adjustments to expectations of future performance, we determined it was necessary to perform an assessment for impairment for certain of our properties, which resulted in an impairment charge of $50 million.
We recorded tangible asset impairment charges of $67 million in the first quarter of 2014, as a result of our decision to close Harrah's Tunica. We have presented the operations of the Harrah's Tunica casino as discontinued operations in the Consolidated Condensed Statements of Operations.