Property and Equipment, Net

12 Months Ended

Dec. 31, 2023

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,
	2023		2022
	(In millions)
Capitalized software development	$	3,290	$	3,107
Computer equipment	202		353
Furniture and other equipment	113		102
Buildings and leasehold improvements	1,222		1,183
Land	146		146
	4,973		4,891
Less: accumulated depreciation	(2,765)		(2,744)
Projects in progress	151		63
Property and equipment, net	$	2,359	$	2,210

As of December 31, 2023 and 2022, our recorded capitalized software development costs, net of accumulated amortization, which have been placed in service were $999 million and $960 million. For the years ended December 31, 2023, 2022 and 2021, we recorded amortization of capitalized software development costs of $642 million, $597 million and $588 million included in depreciation and amortization expense.

As of December 31, 2023, 2022 and 2021, we had $5 million, $26 million and $4 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.