Property and Equipment, Net

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

NOTE 4: PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following as of the dates presented:


	December 31, 2023			December 31, 2022
	(in millions)
Capitalized website development	$	510		$	445
Finance lease right-of-use asset (Note 5)		114			114
Leasehold improvements		37			46
Computer equipment and purchased software		64			82
Furniture, office equipment and other		17			19
		742			706
Less: accumulated depreciation		(551	)		(512	)
Total	$	191		$	194

As of December 31, 2023 and 2022, the carrying value of our capitalized website development costs, net of accumulated amortization, was $103 million and $91 million, respectively. For the years ended December 31, 2023, 2022 and 2021, we capitalized $66 million, $56 million and $55 million, respectively, related to website development costs. For the years ended December 31, 2023, 2022 and 2021, we recorded amortization of capitalized website development costs of $55 million, $61 million and $64 million, respectively, which is included in depreciation expense on our consolidated statements of operations.