Property, plant and equipment, net

12 Months Ended

Dec. 31, 2019

Property, plant and equipment, net

Property, plant and equipment, net

8.  PROPERTY, PLANT AND EQUIPMENT, NET

	December 31,		December 31,
	2019		2018
Satellites	$	397	$	397
Equipment		196		199
Leasehold improvements		75		75
Computer hardware		67		62
Land and land improvements		—		85
Buildings		—		41
Furniture and fixtures		15		15
Construction in process		388		147
Property, plant and equipment, at cost		1,138		1,021
Accumulated depreciation		(380)		(296)
Property, plant and equipment, net	$	758	$	725

Depreciation expense for property, plant and equipment was $107 million, $150 million and $55 million for the years ended December 31, 2019, 2018 and 2017, respectively.

Sale leaseback

On December 10, 2019, the Company completed the sale and subsequent leaseback of Company owned properties in Palo Alto, California for net proceeds of $280 million. The Company recognized a gain on the sale of the properties of $136 million, which was adjusted for off-market leaseback terms, and is included in Gain on sale of assets in the Company’s Consolidated Statement of Operations.

Sale of building

During the fourth quarter of 2018, the Company completed the sale of one of its buildings in Palo Alto, California for net proceeds of $68 million. The sale resulted in a gain of $33 million from the sale, which is included in Gain on sale of assets in the Company’s Consolidated Statements of Operations.