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PROPERTY AND EQUIPMENT | 12 Months Ended
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Dec. 31, 2022
Property Plant And Equipment [Abstract] |
PROPERTY AND EQUIPMENT | NOTE 6. PROPERTY AND EQUIPMENT Property and equipment consists of:
|  | December 31, |  |  | December 25, |
(In millions) |  | 2022 |  |  | 2021 |
Land |  | $ | 30 |  |  | $ | 45 |
Buildings |  |  | 79 |  |  |  | 200 |
Computer software |  |  | 764 |  |  |  | 693 |
Leasehold improvements |  |  | 565 |  |  |  | 587 |
Furniture, fixtures and equipment |  |  | 753 |  |  |  | 775 |
Construction in progress |  |  | 17 |  |  |  | 12 |
|  |  | 2,208 |  |  |  | 2,312 |
Less accumulated depreciation |  |  | (1,856 | ) |  |  | (1,835 | )
Total |  | $ | 352 |  |  | $ | 477 |
The above table of property and equipment includes assets held under finance leases as follows:
|  | December 31, |  |  | December 25, |
(In millions) |  | 2022 |  |  | 2021 |
Buildings |  | $ | 11 |  |  | $ | 19 |
Furniture, fixtures and equipment |  |  | 143 |  |  |  | 143 |
|  |  | 154 |  |  |  | 162 |
Less accumulated depreciation |  |  | (125 | ) |  |  | (123 | )
Total |  | $ | 29 |  |  | $ | 39 |
Depreciation expense was $75 million in 2022, $88 million in 2021 and $101 million in 2020. Included in computer software and construction in progress above are capitalized software costs of $773 million and $699 million at December 31, 2022 and December 25, 2021, respectively. The unamortized amounts of the capitalized software costs are $145 million and $115 million at December 31, 2022 and December 25, 2021, respectively. Amortization of capitalized software costs totaled $47 million, $49 million and $50 million in 2022, 2021 and 2020, respectively. Software development costs that do not meet the criteria for capitalization are expensed as incurred. Estimated future amortization expense related to capitalized software at December 31, 2022 is as follows:
(In millions) |
2023 |  | $ | 45 |
2024 |  |  | 38 |
2025 |  |  | 31 |
2026 |  |  | 21 |
2027 |  |  | 9 |
Thereafter |  |  | 1 |
The weighted average remaining amortization period for capitalized software is 4 years. Assets Held for Sale The Company’s corporate headquarters in Boca Raton met the criteria to be classified as held for sale during the third quarter of 2022. The asset was measured at the lower of its carrying amount or estimated fair value less costs to sell upon classification to held for sale, which was $104 million, and did not result in any valuation reserve being recorded. Accordingly, the Company presented its corporate headquarters in Boca Raton within current assets held for sale in the Consolidated Balance Sheets as of December 31, 2022. The Company has entered into an agreement in principle with a third-party buyer to sell this facility. The completion of the sales transaction, which is expected to occur in the first half of 2023, is subject to various conditions, including an intention for the Company to lease back a portion of the building’s office space from the new owner.

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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