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Property and Equipment, Net
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
6.Property and Equipment, Net
Property and equipment, net of accumulated depreciation and amortization, consisted of the following:


Estimated Useful Life
As of December 31,

20222023
(in years)(in millions)
Computer equipment3$15 $17 
Furniture and fixtures513 11 
Leasehold improvements
2-8
22 22 
Capitalized internal-use software
2-5
25 135 
Total property and equipment

75 185 
Less: accumulated depreciation and amortization

(37)(50)
Total property and equipment, net

$38 $135 

Depreciation and amortization expense related to the Company’s property and equipment, including internal-use software, was $9 million, $13 million, and $16 million for the years ended December 31, 2021, 2022, and 2023, respectively.

The Company capitalized $7 million and $8 million of internal-use software costs, inclusive of an immaterial amount of stock-based compensation expense during the years ended December 2021 and 2022, respectively. During the year ended December 31, 2023, the Company capitalized $110 million of internal-use software costs, inclusive of $56 million of stock-based compensation expense. Amortization expense related to the Company internal-use software, which is recorded within cost of revenue in the consolidated statements of operations, totaled $3 million, $4 million, and $5 million for the years ended December 31, 2021, 2022, and 2023, respectively.
Geographic Information

The following table summarizes the Company’s long-lived assets, net of accumulated depreciation and amortization, by geographic area:


As of December 31,

20222023
(in millions)
United States$65 $144 
Canada13 22 
Other1 — 
Total long-lived assets, net$79 $166 

Long-lived assets consist of property and equipment, net and operating lease right-of-use assets. Long-lived assets attributed to the United States, Canada, and other international geographies are based on the country in which the asset is located.