Property and Equipment
A summary of property and equipment at December 31 is as follows:
|
| | | | | | | |
| 2013 | | 2012 |
Land and improvements | $ | 35.4 |
| | $ | 45.9 |
|
Building and components | 384.0 |
| | 406.0 |
|
Data processing equipment, furniture and other equipment | 861.5 |
| | 783.3 |
|
Computer software, purchased and internally developed | 1,879.0 |
| | 1,656.5 |
|
Leasehold improvements | 325.1 |
| | 303.1 |
|
Property and equipment, gross | 3,485.0 |
| | 3,194.8 |
|
Accumulated depreciation and amortization | (1,683.5 | ) | | (1,477.5 | ) |
Property and equipment, net | $ | 1,801.5 |
| | $ | 1,717.3 |
|
Depreciation expense for 2013, 2012 and 2011 was $105.3, $102.9 and $95.7, respectively. Amortization expense on computer software and leasehold improvements for 2013, 2012 and 2011 was $351.8, $260.6 and $204.6, respectively, which includes amortization expense on computer software, both purchased and internally developed, for 2013, 2012 and 2011 of $313.6, $239.5 and $183.9, respectively. Capitalized costs related to the internal development of software of $1,561.0 and $1,316.8 at December 31, 2013 and 2012, respectively, are reported with computer software.
During the years ended December 31, 2013 and 2012, we recognized $47.7 and $66.8, respectively, of impairments related to computer software (primarily internally developed) due to project cancellation or asset replacement, some of which resulted from a change in strategic focus needed to effectively manage business operations in a post-Health Care Reform environment.
