XML 22 R13.htm IDEA: XBRL DOCUMENT v3.20.1
Property and Equipment
 3 Months Ended
Mar. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment, net, consisted of the following:
(in millions)
March 31,
2020
 
December 31,
2019
Property and equipment - Not Subject to Master Leases
 
 
 
Land and improvements
$
113.0

 
$
353.2

Building, vessels and improvements
291.7

 
420.4

Furniture, fixtures and equipment
1,606.2

 
1,598.3

Leasehold improvements
190.2

 
183.6

Construction in progress
88.2

 
59.3

 
2,289.3

 
2,614.8

Less: Accumulated depreciation
(1,551.8
)
 
(1,548.3
)
 
737.5

 
1,066.5

Property and equipment - Subject to Master Leases
 
 
 
Land and improvements
1,525.9

 
1,525.9

Building, vessels and improvements
3,664.6

 
3,664.6

 
5,190.5

 
5,190.5

Less: Accumulated depreciation
(1,182.5
)
 
(1,136.8
)
 
4,008.0

 
4,053.7

Property and equipment, net
$
4,745.5

 
$
5,120.2

Depreciation expense was as follows:
 
For the three months ended March 31,
(in millions)
2020
 
2019
Depreciation expense (1)
$
87.5

 
$
98.3

(1)
Of such amounts, $46.0 million and $48.6 million, respectively, pertained to real estate assets subject to either of our Master Leases.