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Software

12 Months Ended

Dec. 31, 2022

Research and Development [Abstract]

Software

Software

Software as of December 31, 2022 and 2021, consists of the following (in millions):

			2022						2021
Software from acquisitions			$	2,124					$	2,181
Capitalized software development costs			3,766						3,286
Purchased software			717						728
			6,607						6,195
Accumulated amortization			(3,369)						(2,896)
Total Software, net			$	3,238					$	3,299

During the years ended December 31, 2022 and 2021, the Company recorded $32 million and $144 million, respectively, of software asset impairments and $156 million and $145 million, respectively, of incremental software amortization expense driven by the Company's platform modernization. Platform modernization includes sunsetting certain technology platforms, which resulted in shortened estimated useful lives and accelerated amortization methods primarily impacting the associated assets over an approximate three-year period, beginning in the third quarter of 2021.

Amortization expense for software was $1,068 million, $1,041 million and $837 million for the years ended December 31, 2022, 2021 and 2020, respectively.

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- References

No definition available.

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- Definition

The entire disclosure for research, development, and computer software activities, including contracts and arrangements to be performed for others and with federal government. Includes costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility and in-process research and development acquired in a business combination consummated during the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 985
-SubTopic 730
-URI https://asc.fasb.org/subtopic&trid=2197926

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