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Property and Equipment, Net

9 Months Ended

Sep. 30, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Property and Equipment, Net

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

				As of
(in millions)		Estimated Useful Lives		September 30, 2019				December 31, 2018
Land				$	98.5			$	97.5
Buildings		20 to 40 years		49.9				48.7
Advertising structures		5 to 20 years		1,838.2				1,789.4
Furniture, equipment and other		3 to 10 years		150.9				134.3
Construction in progress				30.2				19.3
				2,167.7				2,089.2
Less: accumulated depreciation				1,501.9				1,436.3
Property and equipment, net				$	665.8			$	652.9

Depreciation expense was $22.4 million in the three months ended September 30, 2019, $21.0 million in the three months ended September 30, 2018, $64.9 million in the nine months ended September 30, 2019 and $63.4 million in the nine months ended September 30, 2018.

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- References

No definition available.

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

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