Property and Equipment

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment

7. Property and Equipment

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

	Successor
Property and Equipment, Net	December 31, 2020		December 31, 2019		Estimated Useful Life
Furniture, fixtures, and equipment	$	55	$	50	3 - 5 years
Capitalized software costs	87		54		3 - 5 years
Software in development and other	29		31
Leasehold improvements	33		24		3 - 5 years
Long-term finance leases - computer equipment	8		8		5 years
Property and equipment	212		167
Less: Accumulated depreciation	(96)		(55)
Total property and equipment, net	$	116	$	112

The Company recorded depreciation expense on property and equipment of $42 and $41 for the years ended December 31, 2020 and 2019, respectively. The Company has entered into various lease agreements for computer equipment, which are classified as finance leases. See Note 8, Leases, for more information.

The Company recorded impairment charges of $12 and $4 during the years ended December 31, 2020 and 2019 respectively. The impairment charges were included in the general and administrative expenses in the consolidated statements of operations.