XML 92 R15.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Property, Equipment, and Capitalized Software, Net | 12 Months Ended
--- | ---
Dec. 31, 2023
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. Property 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. The Company recognized an impairment on property and equipment of $16 million associated with our reduction in leased space used in our business operations in the year ended December 31, 2022. A summary of property, equipment, and capitalized software is as follows:
| December 31,
| 2023 |  | 2022
| (In millions)
Capitalized software | $ | 687 |  |  | $ | 615 |
Property and equipment | 199 |  |  | 221 |
Building and improvements | 41 |  |  | 41 |
Land | 5 |  |  | 5 |
Total cost | 932 |  |  | 882 |
Less: accumulated amortization - capitalized software | (537) |  |  | (482) |
Less: accumulated depreciation and amortization - property, equipment, building, and improvements | (192) |  |  | (213) |
Total accumulated depreciation and amortization | (729) |  |  | (695) |
ROU assets - finance leases | 67 |  |  | 72 |
Property, equipment, and capitalized software, net | $ | 270 |  |  | $ | 259 |
The following table presents all depreciation and amortization recognized in our consolidated statements of income:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| (In millions)
Recorded in depreciation and amortization: |  |  |  |  |
Amortization of intangible assets | $ | 85 |  |  | $ | 77 |  |  | $ | 49 |
Amortization of capitalized software | 58 |  |  | 54 |  |  | 41 |
Amortization of finance leases | 18 |  |  | 28 |  |  | 25 |
Depreciation and amortization of property, equipment, building, and improvements | 10 |  |  | 17 |  |  | 16 |
Total depreciation and amortization recognized | $ | 171 |  |  | $ | 176 |  |  | $ | 131 |

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration