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Property and Equipment, Net
 12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET
PROPERTY AND EQUIPMENT, NET
Property and equipment, net consisted of the following assets at December 31, 2015 and 2014 (dollars in millions):
 
December 31, 2015
 
December 31, 2014
 
Gross
Amount
 
Accumulated
Depreciation
and
Amortization
 
Net
Amount
 
Gross
Amount
 
Accumulated
Depreciation
and
Amortization
 
Net
Amount
Software
$
490

 
$
(388
)
 
$
102

 
$
487

 
$
(391
)
 
$
96

Leasehold improvements
116

 
(91
)
 
25

 
114

 
(84
)
 
30

Equipment
127

 
(84
)
 
43

 
102

 
(76
)
 
26

Buildings
72

 
(28
)
 
44

 
72

 
(26
)
 
46

Furniture and fixtures
22

 
(20
)
 
2

 
23

 
(21
)
 
2

Land
3

 
—

 
3

 
3

 
—

 
3

Construction in progress
17

 
—

 
17

 
42

 
—

 
42

Total
$
847

 
$
(611
)
 
$
236

 
$
843

 
$
(598
)
 
$
245


Depreciation and amortization expense related to property and equipment was $81 million, $78 million and $89 million for the years ended December 31, 2015, 2014 and 2013, respectively.

Software includes capitalized internally developed software costs of $42 million, $27 million and $24 million for the years ended December 31, 2015, 2014 and 2013, respectively. Amortization of completed and in-service software was $41 million, $47 million and $57 million for the years ended December 31, 2015, 2014 and 2013, respectively. Software at December 31, 2015 and 2014 also included $22 million and $19 million, respectively, of internally developed software in the process of development for which amortization has not begun.
Sale-Leaseback Transaction
During 2014, the Company executed a sale-leaseback transaction on its office located in Alpharetta, Georgia. This transaction has been treated as a financing as it did not qualify for leaseback accounting due to the presence of a sub-lease and various forms of continuing involvement in the lease. The Company recorded the net sales proceeds of approximately $56 million as a financing obligation in the other liabilities line item during 2014 and the related assets continue to be included in the property and equipment, net line item on the consolidated balance sheet.
The obligation for future minimum lease payments and minimum sublease proceeds to be received under this lease is as follows (dollars in millions):
 
Obligation for Minimum Lease
Payments
 
Minimum Sublease
Proceeds
Years ending December 31,
 
 
 
2016
$
4

 
$
(3
)
2017
4

 
(3
)
2018
5

 
(3
)
2019
5

 
(3
)
2020
5

 
(3
)
Thereafter
19

 
(6
)
Total
$
42

 
$
(21
)