XML 26 R13.htm IDEA: XBRL DOCUMENT v3.23.3
Property and Equipment, net
 9 Months Ended
Sep. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, net Property and Equipment, net
The following table presents the detail of property and equipment as of the dates presented (in millions):
September 30, 2023December 31, 2022
Website development costs$415 $291 
Leasehold improvements89 90 
Office equipment, furniture and fixtures22 24 
Computer equipment19 18 
Construction-in-progress— 7 
Property and equipment545 430 
Less: accumulated amortization and depreciation(221)(159)
Property and equipment, net$324 $271 
We recorded depreciation expense related to property and equipment (other than website development costs) of $6 million for each of the three months ended September 30, 2023 and 2022, and $18 million and $19 million for the nine months ended September 30, 2023 and 2022, respectively.
We capitalized website development costs of $49 million and $37 million for the three months ended September 30, 2023 and 2022, respectively, and $144 million and $104 million for the nine months ended September 30, 2023 and 2022, respectively. Amortization expense for website development costs included in cost of revenue was $30 million and $17 million for the three months ended September 30, 2023 and 2022, respectively, and $79 million and $48 million for the nine months ended September 30, 2023 and 2022, respectively.