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Property and Equipment, Net
12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net PROPERTY AND EQUIPMENT, NET
The following table presents our major categories of property and equipment, net:
 Year Ended December 31,
 20222021
 (in millions)
Data processing equipment and software$786 $735 
Furniture, equipment and leasehold improvements305 288 
Total property and equipment1,091 1,023 
Less: accumulated depreciation and amortization and impairment charges(559)(514)
Total property and equipment, net$532 $509 
Depreciation and amortization expense for property and equipment was $105 million for the year ended December 31, 2022, $108 million for the year ended December 31, 2021, and $99 million for the year ended December 31, 2020. These amounts are included in depreciation and amortization expense in the Consolidated Statements of Income.
We recorded pre-tax, non-cash property and equipment asset impairment charges on capitalized software that was retired and accelerated depreciation expense on certain assets as a result of a decrease in their useful life of $8 million in 2022, $4 million in 2021 and $14 million in 2020. These charges are included in restructuring charges in the Consolidated Statements of Income. See Note 20, “Restructuring Charges,” for further discussion. There were no other material impairments of property and equipment recorded in 2022, 2021 and 2020.
As of December 31, 2022 and 2021, we did not own any real estate properties.