Property and Equipment, Net

6 Months Ended

Jun. 30, 2020

Property, Plant and Equipment [Abstract]

Property and equipment, net consisted of the following:



	As of
	June 30, 2020			December 31, 2019

Datacenter and other computer equipment	$	806.0		$	749.3
Furniture and fixtures	39.6			35.5
Leasehold improvements	240.0			211.4
Construction in progress	46.2			36.3
Total property and equipment	1,131.8			1,032.5
Accumulated depreciation and amortization	(656.2		)	(587.2		)
Property and equipment, net	$	475.6		$	445.3

The Company leases certain infrastructure from various third parties, through equipment finance leases. Infrastructure assets as of June 30, 2020 and December 31, 2019, respectively included a total of $333.7 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 $120.8 million and $124.6 million as of June 30, 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 $36.5 million and $72.5 million for the three and six months ended June 30, 2020, respectively, and $42.3 and $85.4 million for the three and six months ended June 30, 2019, respectively.