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Property and Equipment, net
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, net Property and Equipment, net
The following summarizes our property and equipment, net:
(in millions)
Useful LifeDecember 31, 2024December 31, 2023
Land$401 $323 
Buildings40 years794 751 
Equipment and furniture
1 - 8 years
1,136 914 
Leasehold improvements
(1)
929 662 
Vehicles
4 - 6 years
65 79 
Software4 years75 26 
Construction in progress377 347 
Property and equipment, gross$3,777 $3,102 
Less: Accumulated depreciation and amortization(964)(637)
Property and equipment, net$2,813 $2,465 
(1)Lesser of useful life or remaining lease term
For 2024, 2023, and 2022, depreciation and amortization expense on property and equipment was $369 million, $271 million, and $229 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.