Property and Equipment

The components of property and equipment were as follows:

(In millions)
June 30,	2012	2011
Land	$ 528	$ 533
Buildings and improvements	6,768	6,521
Leasehold improvements	2,550	2,345
Computer equipment and software	7,298	6,601
Furniture and equipment	2,087	1,991
Total, at cost	19,231	17,991
Accumulated depreciation	(10,962)	(9,829)
Total, net	$ 8,269	$ 8,162

During fiscal years 2012, 2011, and 2010, depreciation expense was $2.2 billion, $2.0 billion, and $1.8 billion, respectively.