Property and Equipment, Net

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

NOTE 5: PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following for the periods presented:


	December 31, 2022			December 31, 2021
	(in millions)
Capitalized website development	$	445		$	416
Finance lease right-of-use asset (Note 6)		114			114
Leasehold improvements		46			48
Computer equipment and purchased software		82			77
Furniture, office equipment and other		19			20
		706			675
Less: accumulated depreciation		(512	)		(460	)
Total	$	194		$	215

As of December 31, 2022 and 2021, the carrying value of our capitalized website development costs, net of accumulated amortization, was $91 million and $97 million, respectively. For the years ended December 31, 2022, 2021 and 2020, we capitalized $56 million, $55 million and $63 million, respectively, related to website development costs. For the years ended December 31, 2022, 2021 and 2020, we recorded amortization of capitalized website development costs of $61 million, $64 million and $67 million, respectively, which is included in depreciation expense on our consolidated statements of operations for those years. During the year ended December 31, 2022, we retired and subsequently disposed of certain capitalized website development projects, which were no longer in use and fully depreciated, with a total cost of $22 million.