Land, Property and Equipment, net

6 Months Ended

Jun. 30, 2017

Property, Plant and Equipment [Abstract]

Land, property and equipment, net consists of the following:



(In millions)	June 30, 2017			December 31, 2016
Land and land improvements	$	1,072.7		$	1,072.6
Building and improvements	1,184.2			1,165.1
Furniture, fixtures and equipment	518.3			469.1
Construction in progress	25.9			24.2
	2,801.1			2,731.0
Less: accumulated depreciation	(597.3		)	(528.2		)
Land, property and equipment, net	$	2,203.8		$	2,202.8

Depreciation expense for property and equipment is reflected in Depreciation and amortization in the Consolidated Condensed Statements of Operations and Comprehensive Income. For the three months ended June 30, 2017 and 2016, the aggregate depreciation expense was $29.1 million and $28.9 million, respectively. For the six months ended June 30, 2017 and 2016, the aggregate depreciation expense was $62.8 million and $56.7 million, respectively.

Amortization expense related to other items included within Depreciation and amortization in the Consolidated Condensed Statements of Operations and Comprehensive Income totaled $1.1 million and $0.7 million, respectively, for the three months ended June 30, 2017 and 2016. For the six months ended June 30, 2017 and 2016, amortization expense was $2.1 million and $1.4 million, respectively.

During the three months ended June 30, 2017 and 2016, capital expenditures net of related payables were $39.6 million and $17.5 million, respectively. Significant capital expenditures net of related payables were $15.2 million and $9.6 million, respectively, for Planet Hollywood during the three months ended June 30, 2017 and 2016.

During the six months ended June 30, 2017 and 2016, capital expenditures net of related payables were $73.3 million and $29.4 million, respectively. Significant capital expenditures net of related payables were $36.5 million and $15.9 million, respectively, for Planet Hollywood during the six months ended June 30, 2017 and 2016.

No impairment of property and equipment was recognized by the Company for the periods presented in the accompanying Consolidated Condensed Statements of Operations and Comprehensive Income.

Caesars Growth Properties Holdings, LLC 10-Q