XML 33 R19.htm IDEA: XBRL DOCUMENT v3.24.0.1
PROPERTY, SOFTWARE, AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY, SOFTWARE, AND EQUIPMENT, NET
NOTE 11: PROPERTY, SOFTWARE, AND EQUIPMENT, NET
Property, software, and equipment are presented net of accumulated depreciation and amortization and summarized as follows:
Year Ended December 31,
(in millions) 20222023
Internally developed software$106 $122 
Leasehold improvements52 39 
Computer equipment32 27 
Furniture and fixtures14 13 
Construction in progress23 30 
Total227 231 
Less: accumulated depreciation and amortization(81)(111)
Property, software, and equipment, net$146 $120 
Depreciation expense of property and equipment was $15 million, $26 million, and $16 million for the years ended December 31, 2021, 2022, and 2023.
Amortization expense of internally developed software was $7 million, $26 million, and $41 million for the years ended December 31, 2021, 2022, and 2023.
In connection with our August 2022 Restructuring, we recognized an impairment of $15 million associated with our leasehold improvements and accelerated depreciation of $9 million related to other fixed assets for the year ended December 31, 2022. Refer to Note 6 - Restructuring Activities for more information.