Computing and Recording Proceeds from the Sale of PPE The following information was provided in the 2018 10-K of Hilton Worldwide Holdings, Inc. Note 7: Property and Equipment ($ millions) 2018 2017 Property and equipment, gross 848 803 Accumulated depreciation (481) (450) Property and equipment, net 367 353 Note 7 also revealed that depreciation expense on property and equipment totaled $54 million in 2018. The cash flow statement reported that expenditures for property and equipment totaled $72 milli