Property and Equipment

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment were as follows:

	December 31,
	2020		2019
	(in millions)
Land	$	11	$	11
Buildings and leasehold improvements	381		382
Furniture and equipment	346		356
Construction-in-progress	7		20
Finance lease ROU assets	87		120
	832		889
Accumulated depreciation and amortization(1)	(486)		(509)
	$	346	$	380

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(1)During the years ended December 31, 2020, 2019 and 2018, depreciation and amortization expense on property and equipment was $57 million, $60 million and $54 million, respectively.

During the year ended December 31, 2020, we recognized $28 million of impairment losses related to property and equipment, including $4 million for finance lease ROU assets, which reduced the gross carrying value of property and equipment by $119 million, including finance lease ROU assets by $42 million, and the accumulated depreciation and amortization by $91 million, including finance lease ROU assets by $38 million. See Note 11: "Fair Value Measurements" for additional information.