PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2025

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

Property and equipment as of March 31, 2025 and December 31, 2024, consisted of the following (in millions):

	March 31, 2025		December 31, 2024
Internally developed software	$	108	$	106
Computers	9		9
Security systems	4		4
Office equipment	2		2
Furniture and fixtures	1		1
Software implementation costs	1		1
Total	125		123
Accumulated depreciation and amortization	(81)		(75)
Property and equipment – net	$	44	$	48

Depreciation and amortization expense of $8 million and $9 million was recorded for the three months ended March 31, 2025 and 2024, respectively.