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Property and Equipment
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consist of the following:
December 31,
Useful Lives (Years)20242023
Computer and data processing equipment
3 - 5
$204.7 $204.7 
Building and leasehold improvements
5 - 25
133.6 125.3 
Machinery and equipment
5 - 10
50.0 46.8 
Computer software
3 - 5
35.3 35.7 
Furniture and fixtures
5 - 10
31.1 23.5 
Land-*27.7 28.1 
Revenue generating assets
1 - 5
1.8 1.4 
Construction in progress-*28.2 38.7 
Property and equipment, gross512.4 504.2 
Less: Accumulated depreciation(320.4)(308.7)
Property and equipment, net$192.0 $195.5 
*Asset is not depreciated.
During 2024, 2023 and 2022, the Company recorded disposals of $37 million, $56 million and $7 million, respectively, to derecognize Property and equipment that were no longer in use.
Depreciation expense for the years ended December 31, 2024, 2023, and 2022 was $53 million, $52 million and $58 million, respectively.