Property and Equipment

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment consists of the following:

		December 31,
	Useful Lives (Years)	2020		2019
Building and leasehold improvements	5 - 25	$	126.8	$	134.2
Computer and data processing equipment	3 - 5	126.5		132.0
Construction in progress	-*	50.8		23.3
Machinery and equipment	5 - 10	43.3		45.4
Land	-*	27.7		27.7
Computer software	3 - 5	22.9		25.1
Furniture and fixtures	5 - 10	21.2		20.5
Revenue generating assets	Up to 1	—		212.0
Property and equipment, gross		419.2		620.2
Less: accumulated depreciation		(243.7)		(257.1)
Property and equipment, net		$	175.5	$	363.1

*Asset is not depreciated.

During 2019, the Company recorded additions of $212 million to revenue generating assets related to the delivery of a mobility solution, which was delivered throughout 2020.

During 2020, 2019 and 2018, the Company recorded disposals of $54 million, $3 million and $25 million, respectively, to remove Property and equipment that were no longer in use.

Depreciation expense for the years ended December 31, 2020, 2019, and 2018 was $213 million, $41 million and $42 million, respectively. During 2020, the increased depreciation expense was primarily due to the delivery of a mobility solution.