v3.22.4
Property and Equipment, Net
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net, consisted of the following (in millions):

December 31,
20212022
Computer software and capitalized internal-use software$175 $164 
Leasehold improvements214 152 
Computer equipment57 32 
Office furniture and equipment43 23 
Buildings and land17 17 
Construction in progress30 45 
Total536 433 
Less: Accumulated depreciation and amortization(379)(312)
Total property and equipment, net$157 $121 

Depreciation expense related to property and equipment for the years ended December 31, 2020, 2021, and 2022 was $67.2 million, $85.6 million, and $42.6 million, respectively. During the years ended December 31, 2020, 2021, and 2022, amortization of capitalized internal-use software costs was $22.5 million, $66.3 million, and $27.6 million, respectively.
The net carrying value of capitalized internal-use software as of December 31, 2021 and 2022 was $21.0 million and $8.6 million, respectively.