UNITEDHEALTH GROUP INC
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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5. Property, Equipment and Capitalized Software
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- Property, Equipment and Capitalized Software
A summary of property, equipment and capitalized software is as follows:
| (in millions) | December 31, 2024 | December 31, 2023 |
|---|---|---|
| Land and improvements | $364 | $712 |
| Buildings and improvements | 4,215 | 5,573 |
| Computer equipment | 2,267 | 2,007 |
| Furniture and fixtures | 1,694 | 2,375 |
| Less accumulated depreciation | (3,645) | (4,210) |
| Property and equipment, net | 4,895 | 6,457 |
| Capitalized software | 8,984 | 7,822 |
| Less accumulated amortization | (3,326) | (2,829) |
| Capitalized software, net | 5,658 | 4,993 |
| Total property, equipment and capitalized software, net | $10,553 | $11,450 |
Depreciation expense for property and equipment for the years ended December 31, 2024, 2023 and 2022 was $1.0 billion, $1.1 billion, and $1.1 billion, respectively. Amortization expense for capitalized software for the years ended December 31, 2024, 2023 and 2022 was $1.4 billion, $1.2 billion and $1.0 billion, respectively.
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