Property and Equipment, net (Tables)

9 Months Ended

Sep. 30, 2012

Property and equipment, net consists of the following:


(In millions)	September 30, 2012			December 31, 2011
Land and land improvements	$	7,400.3		$	7,411.8
Land concessions		504.4			606.7
Buildings, riverboats, and improvements		8,987.1			8,944.5
Furniture, fixtures, and equipment		2,464.3			2,353.2
Construction in progress		362.9			361.1

		19,719.0			19,677.3
Less: accumulated depreciation		(3,130.4	)		(2,607.4	)

	$	16,588.6		$	17,069.9

Depreciation Expense

Depreciation expense, which is included in depreciation and amortization, corporate expense, and income from discontinued operations in our consolidated condensed statements of comprehensive loss, is as follows:


	Quarter Ended September 30,				Nine Months Ended September 30,
(In millions)	2012		2011		2012		2011
Depreciation expense	$	188.2	$	187.5	$	571.8	$	550.2

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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