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Property, Equipment, and Capitalized Software, Net | 12 Months Ended
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Dec. 31, 2020
Property, Plant and Equipment [Abstract] |
Property, Equipment, and Capitalized Software, Net | Property, Equipment, and Capitalized Software, Net Property and equipment are stated at historical cost. Replacements and major improvements are capitalized, and repairs and maintenance are charged to expense as incurred. Software developed for internal use is capitalized. Furniture and equipment are generally depreciated using the straight-line method over estimated useful lives ranging from three to seven years. Software is generally amortized over its estimated useful life of three years. Leasehold improvements are amortized over the term of the lease, or over their useful lives from five to 10 years, whichever is shorter. Buildings are depreciated over their estimated useful lives of 31.5 to 40 years. A summary of property, equipment, and capitalized software is as follows:
| December 31,
| 2020 |  | 2019
| (In millions)
Capitalized software | $ | 475 |  |  | $ | 421 |
Furniture and equipment | 221 |  |  | 213 |
Building and improvements | 49 |  |  | 49 |
Land | 4 |  |  | 4 |
Magellan Complete Care | 3 |  |  | — |
Total cost | 752 |  |  | 687 |
Less: accumulated amortization - capitalized software | (385) |  |  | (351) |
Less: accumulated depreciation and amortization - furniture, equipment, building, and improvements | (192) |  |  | (179) |
Total accumulated depreciation and amortization | (577) |  |  | (530) |
ROU assets - finance leases | 216 |  |  | 228 |
Property, equipment, and capitalized software, net | $ | 391 |  |  | $ | 385 |
The following table presents all depreciation and amortization recognized in our consolidated statements of income:
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
| (In millions)
Recorded in depreciation and amortization: |  |  |  |  |
Amortization of capitalized software | $ | 38 |  |  | $ | 33 |  |  | $ | 42 |
Amortization of finance leases | 19 |  |  | 17 |  |  | — |
Depreciation and amortization of furniture, equipment, building, and improvements | 16 |  |  | 21 |  |  | 36 |
Amortization of intangible assets | 15 |  |  | 18 |  |  | 21 |
Subtotal | 88 |  |  | 89 |  |  | 99 |
Recorded in cost of service revenue: |  |  |  |  |
Amortization of capitalized software and deferred contract costs | — |  |  | — |  |  | 28 |
Total depreciation and amortization recognized | $ | 88 |  |  | $ | 89 |  |  | $ | 127 |

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
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