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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, consisted of the following (in millions):

December 31,
20222023
Leasehold improvements$152 $90 
Computer software and capitalized internal-use software164 51 
Computer equipment32 22 
Buildings and land17 17 
Office furniture and equipment
23 8 
Construction in progress45 82 
Total property and equipment, gross
433 270 
Less: Accumulated depreciation and amortization(312)(110)
Total property and equipment, net$121 $160 

Depreciation expense related to property and equipment for the years ended December 31, 2021, 2022 and 2023 was $86 million, $43 million and $18 million, respectively. During the years ended December 31, 2021, 2022 and 2023, amortization of capitalized internal-use software costs was $66 million, $28 million and $13 million, respectively.
The net carrying value of capitalized internal-use software as of December 31, 2022 and 2023 was $9 million and $27 million, respectively.