Property and Equipment

12 Months Ended

Dec. 31, 2021

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:

Property and Equipment, Net	December 31, 2021		December 31, 2020		Estimated Useful Life
Furniture, fixtures, and equipment	$	57	$	55	3 - 5 years
Capitalized software costs	98		80		3 - 5 years
Software in development and other	26		29
Leasehold improvements	31		33		3 - 5 years
Long-term finance leases - computer equipment	8		8		5 years
Property and equipment	220		205
Less: Accumulated depreciation	(122)		(92)
Property and equipment, net	$	98	$	113

The Company recorded depreciation expense on property and equipment of $45 and $42 for the years ended December 31, 2021 and 2020, 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 immaterial impairment charges during the year ended December 31, 2021 and impairment charges of $12 during the year ended December 31, 2020. The impairment charges were included in the general and administrative expenses in the consolidated statements of operations.