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Property and Equipment, Net
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consisted of the following:

As of December 31,
20242023
Datacenter and other computer equipment$830.2 $783.2 
Furniture and fixtures10.7 11.6 
Leasehold improvements101.9 96.1 
Construction in progress0.2 4.6 
Total property and equipment943.0 895.5 
Accumulated depreciation(584.2)(586.3)
Property and equipment, net$358.8 $309.2 

The Company leases certain infrastructure, computer equipment, and furniture from various third parties, through equipment finance leases. Infrastructure assets as of December 31, 2024 and 2023 included a total of $501.1 million and $457.4 million, respectively, acquired under finance lease agreements. These leases are capitalized in property and equipment, and the related depreciation of assets under finance leases is included in depreciation expense. The accumulated depreciation of the equipment under finance leases totaled $223.3 million and $234.7 million as of December 31, 2024 and 2023, respectively.

Depreciation expense related to property and equipment was $109.3 million and $139.7 million for the years ended December 31, 2024 and 2023, respectively.