Property, Equipment and Software, net

9 Months Ended

Sep. 30, 2025

Property, Plant and Equipment [Abstract]

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


(In millions)	December 31, 2024		September 30, 2025
Computers and equipment	$	1,142.9	$	1,118.7
Software	448.1		428.7
Furniture and fixtures	10.2		7.8
Buildings and leasehold improvements	409.7		415.9

Property, equipment and software, at cost	2,010.9		1,971.1
Less: Accumulated depreciation	(1,420.7)		(1,394.3)
Work in process	10.8		12.2
Property, equipment and software, net	$	601.0	$	589.0

In March 2024, we completed the sale of our corporate headquarters facility located in Windcrest, Texas and relocated our corporate headquarters to leased office space in San Antonio, Texas. The property’s estimated fair value, less estimated cost to sell prior to the sale was $16.9 million and we received cash proceeds of $17.5 million, less brokerage and professional fees of $0.6 million, resulting in net cash proceeds of $16.9 million. In connection with the completion of the sale, we paid a $9.0 million early termination fee to certain local governments related to our termination of the Master Economic Incentives Agreement (the “MEIA”) associated with the property. This amount is included in “Selling, general and administrative expenses” in our Condensed Consolidated Statements of Comprehensive Loss for the nine months ended September 30, 2024.