Notes to Consolidated Financial Statements – (continued)
(Amounts in Millions, Except Per Share Amounts)
Property and Equipment
Furniture and equipment
Internal use computer software
Land and buildings
Less: accumulated depreciation
Total property and equipment, net
The total depreciation and amortization expense for property and equipment for the years ended December 31, 2015, 2014 and 2013 was $130.9, $133.7 and $133.2, respectively.
The following table presents the components of accrued liabilities.
Salaries, benefits and related expenses
Office and related expenses
Restructuring and other reorganization-related
Total accrued liabilities
Other Expense, net
Results of operations include certain items that are not directly associated with our revenue-producing operations.
Years ended December 31,
(Losses) gains on sales of businesses and investments, net
Loss on early extinguishment of debt
Vendor discounts and credit adjustments
Other income (expense), net
Total other expense, net
(Losses) Gains on Sales of Businesses and Investments, net – During 2015, we recognized losses on the sales of businesses on completed dispositions within both our IAN and CMG segments and the classification of certain assets as held for sale within our IAN segment. During 2014, we recognized gains from the sale of a business located in Continental Europe within our IAN segment and the sale of investments in our Rabbi Trusts, which were partially offset by a loss from the sale of a business in the domestic market within our IAN segment. During 2013, we recognized gains from the sale of marketable securities in the Asia Pacific region within our IAN segment and the sale of investments in our Rabbi Trusts, which were partially offset by a loss from the sale of a business in the United Kingdom within our IAN segment.
Assets held for sale of $12.1 and liabilities held for sale of $11.9 are included in Other current assets and Accrued liabilities, respectively, on our Consolidated Balance Sheet as of December 31, 2015. These assets and liabilities held for sale, which primarily consist of accounts receivable and accounts payable, respectively, are related to sales of businesses expected to be completed within the next twelve months.
Loss on Early Extinguishment of Debt – During 2014, we recorded a charge of $10.4 related to the redemption of our 6.25% Notes. During 2013, we recorded a charge of $45.2 related to the redemption of our 10.00% Senior Unsecured Notes due 2017. Notes. See Note 2 to the Consolidated Financial Statements for further information.