Property and Equipment

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property and equipment were comprised of the following:


	December 31,
($ in millions)	2022		2021
Land	$	235	$	193
Building and leasehold improvements	403		405
Furniture and equipment	78		82
Construction in progress	251		231
	967		911
Accumulated depreciation	(169)		(155)
Total	$	798	$	756

Depreciation expense on property and equipment was $52 million, $36 million, and $30 million for the years ended December 31, 2022, 2021 and 2020 respectively.

Land increased by $42 million as of December 31, 2022 from December 31, 2021, primarily due to the transfer of assets held for sale to property and equipment. During 2022, we concluded that the parcels of land and infrastructure which were previously classified as held for sale, no longer met the held for sale criteria. Thus, these assets were reclassified to property and equipment as a non-cash transfer. The assets were measured at fair value as of the transfer date as assets held for sale prior to reclassification, principally utilizing market approaches for the land parcels and the cost approach for infrastructure.

For the year ended December 31, 2022, we recorded a reversal of impairment expense of $7 million corresponding with the asset reclassification and an impairment charge of $4 million for retirement of certain assets.

See Note 24: Supplemental Disclosures of Cash Flow Information for information regarding non-cash transfers.