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Property and Equipment, Net (Tables)
 12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
Property and equipment, net consisted of the following asset classes at December 31, 2019 and 2018 (dollars in millions):
 
December 31, 2019
 
December 31, 2018
 
Gross
Amount
 
Accumulated
Depreciation
and
Amortization
 
Net
Amount
 
Gross
Amount
 
Accumulated
Depreciation
and
Amortization
 
Net
Amount
Software(1)
$
429

 
$
(309
)
 
$
120

 
$
416

 
$
(297
)
 
$
119

Equipment
171

 
(118
)
 
53

 
147

 
(117
)
 
30

Leasehold improvements(2)
87

 
(40
)
 
47

 
131

 
(95
)
 
36

Buildings
72

 
(36
)
 
36

 
72

 
(34
)
 
38

Furniture and fixtures
20

 
(4
)
 
16

 
13

 
(3
)
 
10

Land
3

 
—

 
3

 
3

 
—

 
3

Construction in progress(1)(3)
64

 
—

 
64

 
45

 
—

 
45

Total(4)
$
846

 
$
(507
)
 
$
339

 
$
827

 
$
(546
)
 
$
281

(1)
The Company recognized $8 million of impairment of certain technology assets through other non-interest expense during the year ended December 31, 2019.
(2)
The Company retired leasehold improvements with a cost and related accumulated depreciation of $70 million and $68 million, respectively, as part of facility renovations and closures during the year ended December 31, 2019.
(3)
Construction in progress includes software in the process of development of $49 million and $36 million at December 31, 2019 and 2018, respectively.
(4)
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. Refer to Note 19—Lease Arrangements for further detail.