Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net Property and Equipment, Net

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Property and Equipment, Net Property and Equipment, Net
 12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment, Net [Abstract]  
Property and equipment, net Property and Equipment, Net
Property and equipment consisted of the following:
December 31,
Estimated
useful
(in millions) 2021 2020 life
Land $ 116  129  N/A
Buildings and improvements 1,010  1,214 
8 - 20 years
Furniture and other equipment 632  790 
2 - 8 years
Broadcast equipment 167  169 
2 - 5 years
Computer equipment 179  211 
2 - 3 years
Transponders and terrestrial transmitter (note 9) 172  174 
2 - 10 years
Projects in progress 44  35  N/A
Property and equipment 2,320  2,722 
Less: accumulated depreciation (1,354) (1,544)
Property and equipment, net $ 966  1,178 
N/A - Not applicable.
Disposal of assets reduced property and equipment by $418 million and $46 million for the years ended December 31, 2021 and 2020, respectively. The disposal of assets for the year ended December 31, 2021 included assets that were damaged in the Rocky Mount distribution center fire (see note 19) as well as property and equipment related to the sales of QVC's Lancaster and San Antonio facilities. The loss on fixed assets associated with the Rocky Mount fire was offset by expected insurance recoveries. There was no material gain or loss associated with the sales of QVC's facilities.