Notes to Financial Statements

NOTE 8 — PROPERTY AND EQUIPMENT

The components of property and equipment were as follows:

 

(In millions)  


June 30,    2016     2015  

Land

   $ 824      $ 769   

Buildings and improvements

     12,393        10,800   

Leasehold improvements

     3,659        3,577   

Computer equipment and software

     17,391        13,612   

Furniture and equipment

     3,889        3,579   


 


Total, at cost

        38,156           32,337   

Accumulated depreciation

     (19,800     (17,606


 


Total, net

   $ 18,356      $ 14,731   
    


 


During fiscal years 2016, 2015, and 2014, depreciation expense was $4.9 billion, $4.1 billion, and $3.4 billion, respectively.