Property and Equipment, net

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment, net

Property and Equipment, net

The following summarizes our property and equipment, net:

(in thousands)	Useful Life	December 31, 2022		December 31, 2021
Land		$	295,860	$	140,786
Buildings	40 years	302,521		320,059
Equipment and furniture	2 - 8 years	647,699		551,304
Leasehold improvements	(1)	524,861		340,468
Vehicles	4 - 6 years	134,449		168,585
Software	4 years	25,768		34,582
Construction in progress		427,727		200,735
Property and equipment, gross		$	2,358,885	$	1,756,519
Less: Accumulated depreciation and amortization		(538,940)		(408,988)
Property and equipment, net		$	1,819,945	$	1,347,531

(1) Lesser of useful life or remaining lease term

For 2022, 2021, and 2020, depreciation and amortization expense on property and equipment was $229 million, $200 million, and $128 million, respectively.

Property and equipment under construction, which primarily consists of fulfillment centers and deposits for equipment, is recorded as construction in progress until it is ready for its intended use; thereafter, it is transferred to the related class of property and equipment and depreciated over its estimated useful life.