Property, Equipment and Software, net (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Schedule of Property, Equipment, and Software, net

The following table shows the estimated useful lives used for property, equipment and software:

Classification	Estimated Useful Lives
Computers and equipment	5 to 7 years
Software	3 years
Furniture and fixtures	7 years
Buildings and leasehold improvements	2 to 39 years

Property, equipment and software, net, consisted of the following: 

(In millions)	December 31, 2023		December 31, 2024
Computers and equipment	$	1,154.9	$	1,142.9
Software	452.8		448.1
Furniture and fixtures	14.5		10.2
Buildings and leasehold improvements	411.8		409.7
Property, equipment and software, at cost	2,034.0		2,010.9
Less: Accumulated depreciation	(1,442.1)		(1,420.7)
Work in process	16.9		10.8
Property, equipment and software, net	$	608.8	$	601.0

The table below presents depreciation expense included in segment operating profit above for the years ended December 31, 2022, 2023 and 2024.

	Year Ended December 31,
(In millions)	2022		2023		2024
Public Cloud	$	8.2	$	9.2	$	7.0
Private Cloud	170.2		171.3		115.1
Corporate functions	42.5		28.2		19.2
Total depreciation expense	$	220.9	$	208.7	$	141.3