Property and Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment

8. Property and Equipment

The composition of property and equipment, net, and the corresponding ranges of estimated useful lives were as follows:

Property and Equipment, Net	December 31, 2023		December 31, 2022		Estimated Useful Life
Furniture, fixtures, and equipment	$	57	$	55	5 years
Capitalized software costs	94		87		3 - 5 years
Software in development and other	8		12
Leasehold improvements	30		27		Lesser of 10 years or remaining lease term
Long-term finance leases - computer equipment	5		6		3 - 5 years
Property and equipment	194		187
Less: Accumulated depreciation	(141)		(122)
Property and equipment, net	$	53	$	65

The Company recorded depreciation expense on property and equipment of $31 for the years ended December 31, 2023 and 2022, respectively. The Company has entered into various lease agreements for computer equipment, which are classified as finance leases. See Note 9, Leases, for more information.

The Company recorded no impairment charges during the years ended December 31, 2023 and 2022.