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Property and Equipment, Net
 9 Months Ended
Sep. 30, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
6.Property and Equipment, Net
Property and equipment, net of accumulated depreciation and amortization, consisted of the following:

Estimated Useful Life
As of
December 31,		As of
September 30,

20232024
(in years)(in millions)
Computer equipment3$17 $18 
Furniture and fixtures511 8 
Leasehold improvements
2-8
22 23 
Capitalized internal-use software
2-5
135 206 
Total property and equipment

185 255 
Less: accumulated depreciation and amortization

(50)(63)
Total property and equipment, net

$135 $192 

Depreciation expense related to the Company’s property and equipment was $4 million and $2 million for the three months ended September 30, 2023 and 2024, respectively, and $10 million and $6 million for the nine months ended September 30, 2023 and 2024, respectively. Amortization expense related to the Company’s internal-use software, which is primarily recorded within cost of revenue in the condensed consolidated statements of operations, was $1 million and $7 million for the three months ended September 30, 2023 and 2024, respectively, and $3 million and $13 million for the nine months ended September 30, 2023 and 2024, respectively.
During the three months ended September 30, 2023 and 2024, the Company capitalized $54 million and $25 million of internal-use software costs, inclusive of $41 million and $9 million of stock-based compensation expense, respectively. During the nine months ended September 30, 2023 and 2024, the Company capitalized $81 million and $71 million of internal-use software costs, inclusive of $41 million and $27 million of stock-based compensation expense, respectively.