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	DEPRECIATION & CAPITAL EXPENDITURE SCHEDULE
	All amounts in USD millions | PP&E Roll-Forward
		Year 1	Year 2	Year 3	Year 4	Year 5
	PP&E Roll-Forward
	Beginning PP&E (Net)	850	860	872	881	891
	(+) Capital Expenditures	95	97	97	98	96
	(-) Depreciation	85	86	87	88	89
	(-) Disposals	-	-	-	-	-
	Ending PP&E (Net)	860	872	881	891	897
	Key Metrics
	Capex / Revenue	6.0%	5.8%	5.5%	5.3%	5.0%
	D&A / Revenue	5.3%	5.1%	4.9%	4.8%	4.7%
	Net Capex (Capex - D&A)	10	11	10	9	7
	Implied Useful Life (Years)	10.0	10.0	10.0	10.0	10.0
	Note: Depreciation calculated as % of beginning PP&E. Capex as % of Revenue from Assumptions sheet.