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Financial Review

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NOTE 8 — PROPERTY AND EQUIPMENT

The components of property and equipment were as follows:

(In millions)
June 30, 2010 2009
Land $ 526 $526
Buildings and improvements 6,087 5,886
Leasehold improvements 2,100 1,938
Computer equipment and software 5,673 4,989
Furniture and equipment 1,873 1,743
Total, at cost 16,259 15,082
Accumulated depreciation (8,629) (7,547)
Total, net $7,630 $7,535

During fiscal years 2010, 2009, and 2008, depreciation expense was $1.8 billion, $1.7 billion, and $1.4 billion, respectively.