Property and Equipment, Net

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

8. Property and Equipment, Net

The composition of property and equipment, net, and the corresponding ranges of estimated useful lives were as follows:



	Successor
	December 31, 2019			December 31, 2018			Estimated Useful Life
Furniture, fixtures, and equipment	$	50		$	32		3 - 5 years
Capitalized software costs	54			24			3 - 5 years
Software in development and other	31			24
Leasehold improvements	24			22			3 - 5 years
Long-term finance leases - computer equipment	8			10			5 years
Property and equipment	167			112
Less: Accumulated depreciation	(55		)	(16		)
Total property and equipment, net	$	112		$	96

The Company recorded depreciation expense on property and equipment of $41 and $16 for the year ended December 31, 2019 and five months ended December 31, 2018, respectively. The Predecessor recorded depreciation expense on property and equipment of $31 and $54 for the seven months ended July 31, 2018 and the year ended December 31, 2017, respectively. The Company has entered into various lease agreements for computer equipment, which are classified as finance leases. See Note 9, Leases, for more information.

There were no significant impairment charges recorded by the Company during the year ended December 31, 2019 and five months ended December 31, 2018 and the Predecessor for the seven months ended July 31, 2018 and year ended December 31, 2017.