PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property and equipment, net at December 31, 2022 and 2021 consist of the following (in millions):


	December 31,				Estimated Useful Lives (years)
	2022		2021
Computer equipment	$	758	$	728	2 to 6 years
Capitalized software	900		742		2 to 7 years
Leasehold improvements	277		268		1 to 15 years
Office equipment, furniture and fixtures	58		61		2 to 8 years

Building construction-in-progress (1)	—		328
Total	1,993		2,127
Less: Accumulated depreciation	(1,324)		(1,305)
Property and equipment, net	$	669	$	822

(1) See Note 10 for additional information on the sale and leaseback transaction.

Depreciation expense was $227 million, $259 million, and $291 million for the years ended December 31, 2022, 2021, and 2020, respectively. Additions to capitalized software during the years ended December 31, 2022, 2021, and 2020 were $217 million, $191 million, and $144 million, respectively.

Additional information related to Consolidated Statements of Cash Flows

Noncash investing activity related to additions to property and equipment, including stock-based compensation and accrued liabilities, was $48 million, $51 million, and $4 million for the years ended December 31, 2022, 2021, and 2020, respectively.