Property and Equipment, Net

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

NOTE 4: PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following as of the dates presented:


	December 31, 2024			December 31, 2023
	(in millions)
Capitalized website development	$	558		$	510
Finance lease right-of-use asset (Note 5)		114			114
Leasehold improvements		24			37
Computer equipment and purchased software		56			64
Furniture, office equipment and other		15			17
		767			742
Less: accumulated depreciation		(567	)		(551	)
Total	$	200		$	191

As of December 31, 2024 and 2023, the carrying value of our capitalized website development costs, net of accumulated amortization, was $115 million and $103 million, respectively. For the years ended December 31, 2024, 2023 and 2022, we capitalized $73 million, $66 million and $56 million, respectively, related to website development costs. For the years ended December 31, 2024, 2023 and 2022, we recorded amortization of capitalized website development costs of $59 million, $55 million and $61 million, respectively, which is included in depreciation expense on our consolidated statements of operations. During the year ended December 31, 2024, we retired and subsequently disposed of certain capitalized website development projects, leasehold improvements and computer equipment and purchased software, which were no longer in use and fully depreciated, with a total gross cost and related accumulated depreciation of $54 million.