PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

Property and equipment, net at December 31, 2023 and 2022 consist of the following (in millions):

	December 31,				Estimated Useful Lives (years)
	2023		2022
Capitalized software	$	1,096	$	900	1 to 7 years
Computer equipment	608		758		2 to 4 years
Leasehold improvements	228		277		Up to 15 years
Office equipment, furniture and fixtures	71		58		1 to 7 years
Total	2,003		1,993
Less: Accumulated depreciation	(1,219)		(1,324)
Property and equipment, net	$	784	$	669

Depreciation expense was $282 million, $227 million, and $259 million for the years ended December 31, 2023, 2022, and 2021, respectively. Additions to capitalized software during the years ended December 31, 2023, 2022, and 2021 were $229 million, $217 million, and $191 million, respectively.