Property and Equipment, Net

3 Months Ended

Mar. 31, 2019

Property, Plant and Equipment [Abstract]

Property and equipment, net consisted of the following:



	As of
	March 31, 2019			December 31, 2018

Datacenter and other computer equipment	$	682.8		$	667.4
Furniture and fixtures	24.8			23.8
Leasehold improvements	153.8			150.5
Construction in process	60.6			32.8
Total property and equipment	922.0			874.5
Accumulated depreciation and amortization	(581.1		)	(563.9		)
Property and equipment, net	$	340.9		$	310.6

The Company leases certain infrastructure from various third parties, through equipment financing leases. Infrastructure assets as of March 31, 2019 and December 31, 2018, respectively included a total of $360.2 million and $362.8 million acquired under financing lease agreements. These leases are capitalized in property and equipment, and the related amortization of assets under financing leases is included in depreciation and amortization expense. The accumulated depreciation of the infrastructure under financing leases totaled $196.2 million and $211.7 million as of March 31, 2019 and December 31, 2018, respectively.

Construction in process includes costs primarily related to construction of leasehold improvements for office buildings and datacenters.

Depreciation expense related to property and equipment was $43.1 million and $34.1 million for the three months ended March 31, 2019 and 2018, respectively.