XML 64 R16.htm IDEA: XBRL DOCUMENT v3.8.0.1
Property and Equipment, Net
12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET
NOTE 9—PROPERTY AND EQUIPMENT, NET
Property and equipment, net consisted of the following asset classes at December 31, 2017 and 2016 (dollars in millions):
 
December 31, 2017
 
December 31, 2016
 
Gross
Amount
 
Accumulated
Depreciation
and
Amortization
 
Net
Amount
 
Gross
Amount
 
Accumulated
Depreciation
and
Amortization
 
Net
Amount
Software
$
403

 
$
(289
)
 
$
114

 
$
449

 
$
(355
)
 
$
94

Leasehold improvements
122

 
(98
)
 
24

 
119

 
(97
)
 
22

Equipment
132

 
(101
)
 
31

 
133

 
(92
)
 
41

Buildings
72

 
(32
)
 
40

 
72

 
(30
)
 
42

Furniture and fixtures
7

 
(4
)
 
3

 
19

 
(17
)
 
2

Land
3

 

 
3

 
3

 

 
3

Construction in progress(1)
38

 

 
38

 
35

 

 
35

Total(2)
$
777

 
$
(524
)
 
$
253

 
$
830

 
$
(591
)
 
$
239

(1)
Construction in progress includes software in the process of development of $22 million at both December 31, 2017 and 2016.
(2)
The Company executed a sale-leaseback transaction on its Alpharetta, Georgia office in 2014 and the transaction was accounted for as a financing as it did not qualify for leaseback accounting. The related assets continue to be included in the property and equipment, net line item on the consolidated balance sheet.
Depreciation and amortization expense related to property and equipment was $82 million, $79 million and $81 million for the years ended December 31, 2017, 2016 and 2015, respectively. Software includes capitalized internally developed software costs, net, of $53 million, $46 million and $42 million for the years ended December 31, 2017, 2016 and 2015, respectively. Amortization of completed and in-service software was $36 million, $36 million and $41 million for the years ended December 31, 2017, 2016 and 2015, respectively.
The obligation for future minimum lease payments and minimum sublease proceeds to be received under the Alpharetta, Georgia lease is as follows (dollars in millions):
 
Obligation for Minimum Lease
Payments
 
Minimum Sublease
Proceeds
Years ending December 31,
 
 
 
2018
$
5

 
$
(3
)
2019
5

 
(3
)
2020
5

 
(3
)
2021
5

 
(3
)
2022
5

 
(3
)
Thereafter
9

 

Total
$
34

 
$
(15
)