Property and Equipment, Net

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

NOTE 4 — Property and Equipment, Net

Our property and equipment consists of the following:

	December 31,
	2022		2021
	(In millions)
Capitalized software development	$	3,107	$	2,892
Computer equipment	353		351
Furniture and other equipment	102		106
Buildings and leasehold improvements	1,183		1,220
Land	146		146
	4,891		4,715
Less: accumulated depreciation	(2,744)		(2,568)
Projects in progress	63		33
Property and equipment, net	$	2,210	$	2,180

As of December 31, 2022 and 2021, our recorded capitalized software development costs, net of accumulated amortization, which have been placed in service were $960 million and $895 million. For the years ended December 31, 2022, 2021 and 2020, we recorded amortization of capitalized software development costs of $597 million, $588 million and $593 million included in depreciation and amortization expense.

As of December 31, 2022, 2021 and 2020, we had $26 million, $4 million and $9 million, respectively, included in accounts payable for the acquisition of property and equipment, which is considered a non-cash investing activity in the consolidated statements of cash flows.