PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

Property and equipment as of September 30, 2022 and December 31, 2021, consisted of the following (in millions):

	September 30, 2022		December 31, 2021
Internally developed software	$	103	$	71
Security systems	18		10
Computers	13		11
Furniture and fixtures	3		3
Software implementation costs	3		3
Office equipment	3		2
Leasehold improvements	2		2
Total	145		102
Accumulated depreciation and amortization	(83)		(57)
Property and equipment – net	$	62	$	45

Depreciation and amortization expense of $10 million and $28 million was recorded for the three and nine months ended September 30, 2022, respectively. Depreciation and amortization expense of $7 million and $19 million was recorded for the three and nine months ended September 30, 2021, respectively.