v3.24.0.1
Property and Equipment, Net
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
Note 5 – Property and Equipment, Net
The components of property and equipment, net were as follows (in millions):
As of December 31,
20222023
Land$65 $65 
Building and site improvements739 739 
Leasehold improvements609 658 
Computer equipment529 542 
Leased computer equipment712 683 
Leased vehicles11 
Internal-use software389 488 
Furniture and fixtures94 94 
Construction in progress219 203 
Total3,367 3,474 
Less: Accumulated depreciation and amortization(1,285)(1,401)
Property and equipment, net$2,082 $2,073 
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 $393 million, $346 million, and $355 million for the years ended December 31, 2021, 2022 and 2023, respectively. Included in these amounts were depreciation expense for leased computer equipment in the amount of $217 million, $186 million, and $187 million for the years ended December 31, 2021, 2022 and 2023, respectively. Accumulated depreciation and amortization included $305 million and $250 million of leased computer equipment depreciation as of December 31, 2022 and 2023, respectively.
Amortization of capitalized software development costs was not material for the years ended December 31, 2021, 2022 and 2023.