Sirius XM Holdings Inc. Annual report pursuant to Section 13 and 15(d)

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2019

Property and equipment, net, consists of the following:



	December 31, 2019			December 31, 2018
Satellite system	$	1,587		$	1,587
Terrestrial repeater network	100			98
Leasehold improvements	105			58
Broadcast studio equipment	137			111
Capitalized software and hardware	1,086			824
Satellite telemetry, tracking and control facilities	87			76
Furniture, fixtures, equipment and other	89			97
Land	38			38
Building	63			63
Construction in progress	505			412
Total property and equipment	3,797			3,364
Accumulated depreciation and amortization	(2,171		)	(1,851		)
Property and equipment, net	$	1,626		$	1,513

Depreciation is calculated using the straight-line method over the following estimated useful life of the asset:



Satellite system	15 years
Terrestrial repeater network	5 - 15 years
Broadcast studio equipment	3 - 15 years
Capitalized software and hardware	2 - 7 years
Satellite telemetry, tracking and control facilities	3 - 15 years
Furniture, fixtures, equipment and other	2 - 7 years
Building	20 or 30 years
Leasehold improvements	Lesser of useful life or remaining lease term

The chart below provides certain information on our satellites as of December 31, 2019:



Satellite Description	Year Delivered	Estimated End of Depreciable Life
SIRIUS FM-5	2009	2024
SIRIUS FM-6	2013	2028
XM-3	2005	2020
XM-4	2006	2021
XM-5	2010	2025

Construction in progress consists of the following:



	December 31, 2019		December 31, 2018
Satellite system	$	371	$	296
Terrestrial repeater network	7		5
Capitalized software and hardware	107		77
Other	20		34
Construction in progress	$	505	$	412