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Property and Equipment | 12 Months Ended
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Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
Property and Equipment | Property and Equipment Property and equipment consists of the following (in millions):
| December 31, 2024 |  | December 31, 2023
Land and buildings | $ | 136 |  |  | $ | 131 |
Service vehicles | 591 |  |  | 488 |
Leasehold improvements | 142 |  |  | 122 |
Machinery and equipment | 33 |  |  | 27 |
Computer equipment and software | 16 |  |  | 81 |
Furniture and fixtures | 19 |  |  | 18 |
Construction in progress | 22 |  |  | 20 |
Property and equipment, gross | 959 |  |  | 887 |
Less: accumulated depreciation | (405) |  |  | (422) |
Property and equipment, net | $ | 554 |  |  | $ | 465 |
Depreciation expense for the years ended December 31, 2024, 2023 and 2022 was $82 million, $71 million and $64 million, respectively, and is included in "Non-rental depreciation and amortization" in the Company's consolidated statements of operations. The Company leases certain of its service vehicles and office equipment under finance leases. Depreciation of assets held under finance leases is included in depreciation expense. The gross amounts of property and equipment and related depreciation recorded under finance leases, included in the table above, were as follows (in millions):
| December 31, 2024 |  | December 31, 2023
Service vehicles | $ | 124 |  |  | $ | 109 |
Furniture and fixtures | 2 |  |  | 2 |
Finance lease assets, gross | 126 |  |  | 111 |
Less: accumulated depreciation | (52) |  |  | (37) |
Finance lease assets, net | $ | 74 |  |  | $ | 74 |
The Company has entered into financing obligations to lease certain of its properties as discussed further in Note 12, "Financing Obligations." Depreciation of assets held under financing obligations is included in depreciation expense. The gross amounts of land, building and leasehold improvements and related depreciation recorded under financing obligations, included in the table above, were as follows (in millions):
| December 31, 2024 |  | December 31, 2023
Land, building and leasehold improvements | $ | 72 |  |  | $ | 72 |
Less: accumulated depreciation | (42) |  |  | (40) |
Net assets under financing obligations | $ | 30 |  |  | $ | 32 |

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- 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/1943274/2147477798/958-360-50-6 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/1943274/2147477798/958-360-50-1 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/1943274/2147477798/958-360-50-7 + Details
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