v3.25.4
Property and Equipment
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment were as follows:

December 31,
20252024
(in millions)
Land$8 $8 
Buildings and leasehold improvements
394 368 
Furniture and equipment385 375 
Construction-in-progress57 65 
Finance lease ROU assets326 94 
1,170 910 
Accumulated depreciation and amortization(1)
(486)(499)
$684 $411 
____________
(1)During the years ended December 31, 2025, 2024 and 2023, depreciation and amortization expenses on property and equipment were $63 million, $55 million and $43 million, respectively.
Property and equipment, net attributed to U.S. operations was $246 million and $208 million as of December 31, 2025 and 2024, respectively, and to operations outside the U.S. was $438 million and $203 million, respectively, most significantly in Japan and the U.K.