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Equipment, Office Facilities, and Property
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Equipment, Office Facilities, and Property Equipment, Office Facilities, and Property
Equipment, office facilities, and property are detailed below:
December 31,20232022
Software$3,375 $2,940 
Buildings1,720 1,693 
Information technology and telecommunications equipment1,133 1,008 
Leasehold improvements411 472 
Land214 209 
Construction in progress213 274 
Other380 351 
Total equipment, office facilities, and property7,446 6,947 
Accumulated depreciation and amortization(3,756)(3,233)
Total equipment, office facilities, and property — net$3,690 $3,714 

As a result of its TDA integration and restructuring efforts, the Company recognized impairment losses on fixed assets of $47 million during the year ended December 31, 2023. These losses are included in other expense on the consolidated statements of income. For the purpose of measuring impairment loss, the fair value of the asset group was determined using a discounted cash flow analysis. The fair value of the asset group was not material at December 31, 2023. See Note 15 for additional information regarding the Company’s exit costs related to its TDA integration and restructuring activities.