Property and Equipment, Net

3 Months Ended

Mar. 31, 2020

Property, Plant and Equipment [Abstract]

Property and equipment, net consisted of the following:



	As of
	March 31, 2020			December 31, 2019

Datacenter and other computer equipment	779.0			749.3
Furniture and fixtures	40.0			35.5
Leasehold improvements	231.4			211.4
Construction in progress	41.9			36.3
Total property and equipment	1,092.3			1,032.5
Accumulated depreciation and amortization	(619.1		)	(587.2		)
Property and equipment, net	$	473.2		$	445.3

The Company leases certain infrastructure from various third parties, through equipment finance leases. Infrastructure assets as of March 31, 2020 and December 31, 2019, respectively included a total of $338.3 million and $321.8 million acquired under finance lease agreements. These leases are capitalized in property and equipment, and the related amortization of assets under finance leases is included in depreciation and amortization expense. The accumulated depreciation of the infrastructure under finance leases totaled $129.9 million and $124.6 million as of March 31, 2020 and December 31, 2019, respectively.

Construction in progress includes costs primarily related to construction of leasehold improvements for office buildings and datacenters.

Depreciation expense related to property and equipment was $36.0 million and $43.1 million for the three months ended March 31, 2020 and 2019, respectively.