Property, Equipment, and Capitalized Software (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Schedule of Property, Equipment, and Capitalized Software by Major Category

The following table shows our property, equipment, and capitalized software, net summarized by major category:

	As of December 31,
(in millions)	2024		2023
Capitalized software	$	745.1	$	642.0
Computer equipment	96.9		108.6
Furniture and fixtures	40.0		41.7
Leasehold improvements	113.9		113.3
Telephone equipment	1.2		2.3
Construction in progress	12.2		13.8
Property, equipment, and capitalized software, at cost	1,009.3		921.7
Less: accumulated depreciation	(790.4)		(714.0)
Property, equipment, and capitalized software, net	$	218.9	$	207.7

Summary of Depreciation Expense

The following table summarizes our depreciation expense:

(in millions)	2024		2023		2022
Depreciation expense	$	125.4	$	113.2	$	97.8