v3.25.4
Property and Equipment, Net
 12 Months Ended
Dec. 31, 2025
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,
20242025
Land$65 $65 
Building and site improvements739 740 
Leasehold improvements670 773 
Computer equipment436 356 
Leased computer equipment641 554 
Motor vehicles and other equipment51 130 
Internal-use software650 820 
Furniture and fixtures80 89 
Construction in progress218 220 
Total3,550 3,747 
Less: Accumulated depreciation and amortization(1,598)(1,850)
Property and equipment, net$1,952 $1,897 
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 $355 million, $332 million, and $329 million for the years ended December 31, 2023, 2024, and 2025, respectively.