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Property and Equipment, Net
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
The components of property and equipment, net are as follows (in millions):
December 31,
20232022
Flight equipment$344 $255 
Ground and other equipment148 122 
Less: accumulated depreciation(183)(151)
Total property and equipment, net$309 $226 
During the years ended December 31, 2023, 2022 and 2021 the Company deferred $77 million, $40 million and $18 million of costs for heavy maintenance, respectively.
The Company’s deferred heavy maintenance balance, net was $99 million and $46 million as of December 31, 2023 and 2022, respectively, and is included as a part of flight equipment within property and equipment, net on the Company’s consolidated balance sheets.