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Property and Equipment, Net
12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET
PROPERTY AND EQUIPMENT, NET
Property and equipment, net, consists of the following:
(in millions)
December 31, 2018
December 31, 2017
Software
$
144

$
114

Office equipment, including data processing equipment
27

23

Leasehold improvements
21

15

Furniture, fixtures, and equipment
15

15

Projects in progress
2

7

Total
209

174

Less: Accumulated depreciation
(130
)
(104
)
Property and equipment, net
$
79

$
70


Depreciation expense for the years ended December 31, 2018, 2017 and 2016 was $35 million, $28 million and $19 million, respectively. Projects in progress consist primarily of development costs for internally developed software, which we capitalize and amortize on a straight-line basis over the estimated useful life. We recognized depreciation expense for capitalized internally developed software of $24 million, $17 million, and $10 million for the years ended December 31, 2018, 2017 and 2016, respectively.