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Property, Equipment, and Capitalized Software, Net
 12 Months Ended
Dec. 31, 2021
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,
 20212020
 (In millions)
Capitalized software$547 $475 
Furniture and equipment237 221 
Building and improvements37 49 
Land1 4 
Magellan Complete Care acquisition opening balance— 3 
Total cost822 752 
Less: accumulated amortization - capitalized software(427)(385)
Less: accumulated depreciation and amortization - furniture, equipment, building, and improvements
(205)(192)
Total accumulated depreciation and amortization(632)(577)
ROU assets - finance leases206 216 
Property, equipment, and capitalized software, net$396 $391 
The following table presents all depreciation and amortization recognized in our consolidated statements of income:
Year Ended December 31,
202120202019
(In millions)
Recorded in depreciation and amortization:
Amortization of intangible assets$49 $15 $18 
Amortization of capitalized software41 38 33 
Amortization of finance leases25 19 17 
Depreciation and amortization of furniture, equipment, building, and improvements16 16 21 
Total depreciation and amortization recognized$131 $88 $89