Property and Equipment

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment consisted of the following (in millions):

	As of December 31,				Depreciation Period (Years)
	2024		2023
Software and internally developed software	$	2,061	$	1,834	3 to 7
Computer and network equipment	1,073		1,033		3 to 5
Land	180		180		N/A
Buildings and building improvements	436		389		15 to 30
Right-of-use lease assets	295		305		1 to 30
Leasehold improvements	455		372		4 to 15
Equipment, aircraft and office furniture	192		156		4 to 12
Total property and equipment	4,692		4,269
Less accumulated depreciation and amortization	(2,539)		(2,346)
Property and equipment, net	$	2,153	$	1,923

In 2024, 2023 and 2022, amortization of software and internally developed software was $324 million, $284 million and $247 million, respectively, and depreciation of all other property and equipment was $201 million, $182 million and $174 million, respectively. As of December 31, 2024 and 2023, unamortized software and internally developed software was $598 million and $535 million, respectively.