Property and Equipment, Net |
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| Property and Equipment, Net | Note 5 – Property and Equipment, Net The components of property and equipment, net as of December 31, 2020 and 2021 were as follows (in millions):
We capitalized $76 million and $55 million in internal-use software costs during the years ended December 31, 2020 and 2021, respectively, which is included in property and equipment, net on the consolidated balance sheets. Amortization of capitalized software development costs was $22 million, $55 million, and $69 million for the years ended December 31, 2019, 2020 and 2021, respectively. Amounts in construction in progress represent buildings, leasehold improvements, assets under construction, and other assets not placed in service. Depreciation expense relating to property and equipment was $433 million, $364 million, and $393 million for the years ended December 31, 2019, 2020 and 2021, respectively. Included in these amounts were depreciation expense for leased computer equipment in the amount of $146 million, $198 million, and $217 million for the years ended December 31, 2019, 2020 and 2021, respectively. Accumulated depreciation and amortization included $303 million and $390 million of leased computer equipment depreciation as of December 31, 2020 and 2021, respectively.
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