UNITEDHEALTH GROUP INC
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
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5. Property, Equipment and Capitalized Software
- Property, Equipment and Capitalized Software
A summary of property, equipment and capitalized software is as follows:
| (in millions) | December 31, 2023 | December 31, 2022 |
|---|---|---|
| Land and improvements | $712 | $697 |
| Buildings and improvements | 5,573 | 5,519 |
| Computer equipment | 2,007 | 2,093 |
| Furniture and fixtures | 2,375 | 2,113 |
| Less accumulated depreciation | (4,210) | (4,499) |
| Property and equipment, net | 6,457 | 5,923 |
| Capitalized software | 7,822 | 6,636 |
| Less accumulated amortization | (2,829) | (2,431) |
| Capitalized software, net | 4,993 | 4,205 |
| Total property, equipment and capitalized software, net | $11,450 | $10,128 |
Depreciation expense for property and equipment for the years ended December 31, 2023, 2022 and 2021 was $1.1 billion, $1.1 billion, and $1.0 billion, respectively. Amortization expense for capitalized software for the years ended December 31, 2023, 2022 and 2021 was $1.2 billion, $1.0 billion and $0.9 billion, respectively.
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