Annual Report
2013

Note 8 - Property and Equipment

The components of property and equipment were as follows:

(In millions)
June 30, 2013   2012
Land $ 525   $ 528
Buildings and improvements 7,326   6,768
Leasehold improvements 2,946   2,550
Computer equipment and software 9,242   7,298
Furniture and equipment 2,465   2,087
Total, at cost 22,504   19,231
Accumulated depreciation (12,513)   (10,962)
Total, net $ 9,991   $ 8,269

During fiscal years 2013, 2012, and 2011, depreciation expense was $2.6 billion, $2.2 billion, and $2.0 billion, respectively.