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Property and Equipment

6 Months Ended

Jun. 30, 2015

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

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

				As of
(in millions)		Estimated Useful Lives		June 30, 2015				December 31, 2014
Land				$	91.6			$	88.1
Buildings		20 to 40 years		47.0				47.0
Advertising structures		5 to 20 years		1,710.4				1,745.6
Furniture, equipment and other		3 to 10 years		83.1				78.1
Construction in progress				25.1				17.1
				1,957.2				1,975.9
Less: accumulated depreciation				1,209.4				1,193.0
Property and equipment, net				$	747.8			$	782.9

Depreciation expense was $28.0 million for the three months ended June 30, 2015, $26.5 million for the three months ended June 30, 2014, $56.7 million for the six months ended June 30, 2015, and $52.6 million for the six months ended June 30, 2014.

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- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



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