Property and Equipment, net

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment, net

The following summarizes our property and equipment, net:

(in millions)	Useful Life	December 31, 2023		December 31, 2022
Land		$	323	$	296
Buildings	40 years	751		302
Equipment and furniture	1 - 8 years	914		648
Leasehold improvements	(1)	662		525
Vehicles	4 - 6 years	79		134
Software	4 years	26		26
Construction in progress		347		428
Property and equipment, gross		$	3,102	$	2,359
Less: Accumulated depreciation and amortization		(637)		(539)
Property and equipment, net		$	2,465	$	1,820

(1)Lesser of useful life or remaining lease term

For 2023, 2022, and 2021, depreciation and amortization expense on property and equipment was $271 million, $229 million, and $200 million, respectively.

Property and equipment under construction, which primarily consists of fulfillment centers and deposits for equipment, is recorded as construction in progress until it is ready for its intended use; thereafter, it is transferred to the related class of property and equipment and depreciated over its estimated useful life.