Property and Equipment

9 Months Ended

Sep. 30, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

(In millions)	September 30, 2019			December 31, 2018
Land	$	4,217		$	4,871
Buildings, riverboats, and leasehold and land improvements	11,916			12,243
Furniture, fixtures, and equipment	1,724			1,563
Construction in progress	606			406
Total property and equipment	18,463			19,083
Less: accumulated depreciation	(3,475		)	(3,038		)
Total property and equipment, net	$	14,988		$	16,045

Our property and equipment is subject to various operating leases for which we are the lessor. We lease our property and equipment related to our hotel rooms, convention space and retail space through various short-term and long-term operating leases. See Note 7 for further discussion of our leases.

Depreciation Expense and Capitalized Interest
	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2019		2018		2019		2018
Depreciation expense	$	238	$	277	$	690	$	792
Capitalized interest	8		2		20		5