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Property and Equipment
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consists of the following (in millions):
 As of December 31,
20242023
Land and land improvements$2,457 $1,981 
Buildings and leasehold improvements15,504 14,253 
Furniture and equipment2,546 2,331 
Construction in progress299 237 
20,806 18,802 
Less accumulated depreciation and amortization(9,900)(9,178)
$10,906 $9,624 
The aggregate cost of real estate for federal income tax purposes is approximately $11.5 billion at December 31, 2024.