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Property, Equipment and Intangible Assets
12 Months Ended
Dec. 31, 2021
Property, Equipment and Intangible Assets [Abstract]  
Property, Equipment and Intangible Assets 13. Property, Equipment and Intangible Assets Property, equipment and intangible assets, which are included in other assets in the consolidated statements of financial condition, consist of leasehold improvements, computer equipment, software developed for the Company’s internal use, office furniture and equipment. The table below presents balances related to property, equipment and intangible assets for the periods indicated. December 31, 2021 2020 (in millions)Leasehold improvements $ 43 $ 42Computer equipment 67 41Office furniture and equipment 15 14 125 97Less - accumulated depreciation and amortization (40) (30)Property and equipment, net 85 67 Internally developed software 77 73Other intangible assets 4 —Less - accumulated amortization (35) (36)Intangible assets, net 46 37Total property, equipment, and intangible assets, net $ 131 $ 104 Depreciation and amortization of $50 million, $42 million and $31 million, for the three years ended December 31, 2021, 2020, and 2019, respectively, is included in occupancy, depreciation and amortization expenses in the consolidated statements of comprehensive income. Amortization expense related to the Company’s intangible assets as of December 31, 2021 is expected to be approximately $24 million, $15 million, $6 million and $1 million, for years ended December 31, 2022, 2023, 2024, and 2025, respectively.