Property and Equipment, Net

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

The following table presents our major categories of property and equipment, net:


	Year Ended December 31,
	2021		2020
	(in millions)
Data processing equipment and software	$	735	$	732
Furniture, equipment and leasehold improvements	288		300
Total property and equipment	1,023		1,032
Less: accumulated depreciation and amortization and impairment charges	(514)		(557)
Total property and equipment, net	$	509	$	475

Depreciation and amortization expense for property and equipment was $108 million for the year ended December 31, 2021, $99 million for the year ended December 31, 2020, and $89 million for the year ended December 31, 2019. These amounts are included in depreciation and amortization expense in the Consolidated Statements of Income.

We recorded pre-tax, non-cash property and equipment asset impairment charges on capitalized software that was retired and accelerated depreciation expense on certain assets as a result of a decrease in their useful life of $4 million in 2021, $14 million in 2020 and $26 million in 2019. These charges are included in restructuring charges in the Consolidated Statements of Income. See Note 20, “Restructuring Charges,” for a discussion of our 2019 restructuring plan. There were no other material impairments of property and equipment recorded in 2021, 2020 or 2019.

As of December 31, 2021 and 2020, we did not own any real estate properties.