Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net Property and Equipment, Net

v3.3.1.900
Property and Equipment, Net Property and Equipment, Net
 12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
Property and equipment, net
Property and Equipment, Net
Property and equipment consisted of the following:
December 31,
 
Estimated
useful
(in millions)
2015

2014

life
Land
$
82

84

N/A
Buildings and improvements
945

948

8 - 20 years
Furniture and other equipment
413

417

2 - 8 years
Broadcast equipment
129

105

3 - 5 years
Computer equipment
157

145

2 - 4 years
Transponders (note 9)
148

168

8 - 15 years
Projects in progress
69

43

N/A

1,943

1,910


Less accumulated depreciation
(941
)
(884
)

Property and equipment, net
$
1,002

1,026



Disposal of fully depreciated assets reduced property and equipment and accumulated depreciation by $15 million and $101 million with no impact to earnings for the years ended December 31, 2015 and 2014.
At December 31, 2015, the west coast distribution center (note 9) approximated $16 million within projects in progress.
In 2014, QVC-Italy took ownership of its previously leased headquarters in Italy that includes television studios, broadcast facilities, administrative offices and a call center for approximately $20 million.