Property and Equipment

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NOTE 8 — PROPERTY AND EQUIPMENT

The components of property and equipment were as follows:

(In millions)
June 30, 2011   2010
Land $           533   $           526
Buildings and improvements           6,521             6,087
Leasehold improvements           2,345             2,100
Computer equipment and software           6,601             5,673
Furniture and equipment           1,991             1,873
Total, at cost         17,991           16,259
Accumulated depreciation          (9,829 )            (8,629 )
Total, net $        8,162   $        7,630

During fiscal years 2011, 2010, and 2009, depreciation expense was $2.0 billion, $1.8 billion, and $1.7 billion, respectively.