PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

Property and equipment, net, consists of the following:

(in millions)	December 31, 2023		December 31, 2022
Office equipment, including data processing equipment	$	37	$	36
Leasehold improvements	19		21
Furniture, fixtures, and equipment	14		16
Projects in progress	2		4
Total	72		77
Less: Accumulated depreciation	(55)		(50)
Less: Impairments (1)	$	—	(3)
Property and equipment, net	$	17	$	24

(1)    Amount includes impairment of leasehold improvements in leased office space that we have exited. Refer to Note 7 in Part II, Item 8. Financial Statements and Supplementary Data, of this Form 10-K.

Depreciation of property and equipment was $9 million, $10 million, and $9 million for years ended December 31, 2023, 2022, and 2021, respectively.