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Property and Equipment, Net
 12 Months Ended
Dec. 31, 2024
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,
20232024
Computer software and capitalized internal-use software
$51 $122 
Leasehold improvements
90 110 
Computer equipment22 15 
Buildings and land17 17 
Office furniture and equipment8 8 
Construction in progress82 16 
Total property and equipment, gross270 288 
Less: Accumulated depreciation and amortization(110)(141)
Total property and equipment, net$160 $147 

Depreciation expense related to property and equipment for the years ended December 31, 2022, 2023 and 2024 was $43 million, $18 million and $16 million, respectively. For the years ended December 31, 2022, 2023 and 2024, amortization of capitalized internal-use software costs was $28 million, $13 million and $34 million, respectively.
The net carrying value of capitalized internal-use software as of December 31, 2023 and 2024 was $27 million and $69 million, respectively.