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PROPERTY AND EQUIPMENT, NET
12 Months Ended
Dec. 31, 2022
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, 2022December 31, 2021
Office equipment, including data processing equipment36 31 
Leasehold improvements21 25 
Furniture, fixtures, and equipment16 17 
Projects in progress4 
Total77 74 
Less: Accumulated depreciation(50)(50)
Less: Impairments (1)
(3)— 
Property and equipment, net$24 $24 
(1)    Amount includes impairment of leasehold improvements in leased office space that we have exited. Refer to Note 7 in Part II, Item 8. Financial Statements and Supplementary Data, of this Form 10-K.
Depreciation of property and equipment was $10 million, $9 million, and $9 million for years ended December 31, 2022, 2021, and 2020, respectively.