Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net of Accumulated Depreciation

v2.4.0.6
Property and Equipment, Net of Accumulated Depreciation
9 Months Ended
Feb. 29, 2012
Property and Equipment, Net of Accumulated Depreciation [Abstract]  
Property and Equipment, Net of Accumulated Depreciation

Note E: Property and Equipment, Net of Accumulated Depreciation

The components of property and equipment, at cost, consisted of the following:

 

 

                 

In millions

  February 29,
2012
    May 31,
2011
 

Land and improvements

  $ 7.0     $ 7.0  

Buildings and improvements

    95.7       95.2  

Data processing equipment

    212.1       204.6  

Software

    254.2       231.2  

Furniture, fixtures, and equipment

    155.4       152.0  

Leasehold improvements

    97.9       93.3  

Construction in progress

    24.2       20.9  
   

 

 

   

 

 

 

Total property and equipment, gross

    846.5       804.2  

Less: Accumulated depreciation and amortization

    529.7       495.5  
   

 

 

   

 

 

 

Property and equipment, net of accumulated depreciation

  $ 316.8     $ 308.7  
   

 

 

   

 

 

 

 

Depreciation expense was $18.8 million and $55.7 million for the three and nine months ended February 29, 2012, respectively, as compared with $17.4 million and $49.6 million for the three and nine months ended February 28, 2011, respectively.