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Property and Equipment | 12 Months Ended
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Dec. 31, 2019
Property, Plant and Equipment [Abstract] |
Property and Equipment | Property and Equipment Property and equipment, including satellites, are stated at cost, less accumulated depreciation. Equipment under capital leases is stated at the present value of minimum lease payments. Depreciation is calculated using the straight-line method over the following estimated useful life of the asset:
Satellite system | 15 years
Terrestrial repeater network | 5 - 15 years
Broadcast studio equipment | 3 - 15 years
Capitalized software and hardware | 2 - 7 years
Satellite telemetry, tracking and control facilities | 3 - 15 years
Furniture, fixtures, equipment and other | 2 - 7 years
Building | 20 or 30 years
Leasehold improvements | Lesser of useful life or remaining lease term
We review long-lived assets, such as property and equipment, for impairment whenever events or changes in circumstances indicate the carrying amount may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds the estimated future cash flows, an impairment charge is recognized in an amount by which the carrying amount exceeds the fair value of the asset. We did no t record any impairments during the years ended December 31, 2019, 2018 and 2017. Property and equipment, net, consists of the following:
| December 31, 2019 |  | December 31, 2018
Satellite system | $ | 1,587 |  |  | $ | 1,587 |
Terrestrial repeater network | 100 |  |  | 98 |
Leasehold improvements | 105 |  |  | 58 |
Broadcast studio equipment | 137 |  |  | 111 |
Capitalized software and hardware | 1,086 |  |  | 824 |
Satellite telemetry, tracking and control facilities | 87 |  |  | 76 |
Furniture, fixtures, equipment and other | 89 |  |  | 97 |
Land | 38 |  |  | 38 |
Building | 63 |  |  | 63 |
Construction in progress | 505 |  |  | 412 |
Total property and equipment | 3,797 |  |  | 3,364 |
Accumulated depreciation and amortization | (2,171 | ) |  | (1,851 | )
Property and equipment, net | $ | 1,626 |  |  | $ | 1,513 |
Construction in progress consists of the following:
| December 31, 2019 |  | December 31, 2018
Satellite system | $ | 371 |  |  | $ | 296 |
Terrestrial repeater network | 7 |  |  | 5 |
Capitalized software and hardware | 107 |  |  | 77 |
Other | 20 |  |  | 34 |
Construction in progress | $ | 505 |  |  | $ | 412 |
Depreciation and amortization expense on property and equipment was $327, $278 and $261 and for the years ended December 31, 2019, 2018 and 2017, respectively. We retired property and equipment of $9, $35 and $79 during the years ended December 31, 2019, 2018 and 2017, respectively. We capitalize a portion of the interest on funds borrowed to finance the construction and launch of our satellites. Capitalized interest is recorded as part of the asset’s cost and depreciated over the satellite’s useful life. Capitalized interest costs were $17, $12 and $5 for the years ended December 31, 2019, 2018 and 2017, respectively, which related to the construction of our SXM-7 and SXM-8 satellites. We also capitalize a portion of share-based compensation related to employee time for capitalized software projects. Capitalized share-based compensation costs were $13 for the year ended December 31, 2019. We did no t capitalize any share-based compensation for the years ended December 31, 2018 and 2017. Satellites As of December 31, 2019, we owned a fleet of five satellites. The chart below provides certain information on our satellites as of December 31, 2019:
Satellite Description |  | Year Delivered |  | Estimated End of Depreciable Life
SIRIUS FM-5 |  | 2009 |  | 2024
SIRIUS FM-6 |  | 2013 |  | 2028
XM-3 |  | 2005 |  | 2020
XM-4 |  | 2006 |  | 2021
XM-5 |  | 2010 |  | 2025
Each satellite requires an FCC license and prior to the expiration of each license, we are required to apply for a renewal of the FCC satellite licenses. The renewal and extension of our licenses is reasonably certain at minimal cost, which is expensed as incurred. The following table outlines the years in which each of our satellite licenses expires:
FCC satellite licenses |  | Expiration year
SIRIUS FM-5 |  | 2025
SIRIUS FM-6 |  | 2022
XM-3 |  | 2021
XM-4 |  | 2022
XM-5 |  | 2026

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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