Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

Property and equipment are recorded at cost, net of accumulated depreciation. Depreciation expense is recorded using the straight-line method over the estimated useful life of the related asset generally as follows:

Description	Estimated Useful Life
Buildings and improvements	15 to 40 years
Furniture and equipment	7 to 10 years
Leasehold improvements; assets under finance leases	The shorter of the useful life of the assets or the estimated remaining term of the associated lease
Computers and software	3 to 5 years

Property and equipment, net consisted of the following:

	As of December 31,
	2021		2020
	(in millions)
Buildings and improvements	$	892.5	$	876.1
Furniture and equipment	407.3		346.7
Leasehold improvements	363.5		234.6
Computers and software	293.7		258.6
Land	33.1		33.1
Total property and equipment, gross	1,990.1		1,749.1
Less: accumulated depreciation	(896.0)		(790.6)
Total property and equipment, net	$	1,094.1	$	958.5