Property and Equipment

9 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

The table below presents the balances of major classes of assets and accumulated depreciation.



		As of
(in millions)	Estimated Useful Lives	September 30, 2014		December 31, 2013
Land		$	88.4	$	88.6
Building and improvements	20 to 40 years	47.5		45.0
Advertising structures	5 to 20 years	1,662.4		1,662.3
Furniture, equipment and other	3 to 10 years	76.1		77.2
Construction in progress		15.7		18.9
		1,890.1		1,892.0
Less: accumulated depreciation		1,185.7		1,136.6
Property and equipment, net		$	704.4	$	755.4

Depreciation expense was $26.7 million for the three months ended September 30, 2014, and $26.4 million for the three months ended September 30, 2013. Depreciation expense was $79.3 million for the nine months ended September 30, 2014, and $78.3 million for the nine months ended September 30, 2013.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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