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Property and Equipment, Net (Tables)
12 Months Ended
Dec. 31, 2017
Property Plant And Equipment [Abstract]  
Property and Equipment, Net

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

 

 

 

December 31, 2017

 

 

December 31, 2016

 

 

 

(in millions)

 

Capitalized software and website development

 

$

213

 

 

$

153

 

Building (1)

 

 

123

 

 

 

123

 

Leasehold improvements

 

 

39

 

 

 

39

 

Computer equipment and purchased software

 

 

46

 

 

 

37

 

Furniture, office equipment and other

 

 

19

 

 

 

19

 

 

 

 

440

 

 

 

371

 

Less: accumulated depreciation

 

 

(177

)

 

 

(111

)

Total

 

$

263

 

 

$

260

 

 

 

(1)

The Company is deemed for accounting purposes to be the owner of its corporate headquarters building under GAAP, and depreciates the asset over its estimated useful life of 40 years on a straight-line basis. Refer to “Note 13 – Commitments and Contingencies,” for additional information on our corporate headquarters lease.