NOTE 8 — PROPERTY AND EQUIPMENT
The components of property and equipment were as follows:
| (In millions) | ||||||||
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| June 30, | 2013 | 2012 | ||||||
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Land |
$ | 525 | $ | 528 | ||||
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Buildings and improvements |
7,326 | 6,768 | ||||||
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Leasehold improvements |
2,946 | 2,550 | ||||||
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Computer equipment and software |
9,242 | 7,298 | ||||||
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Furniture and equipment |
2,465 | 2,087 | ||||||
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Total, at cost |
22,504 | 19,231 | ||||||
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Accumulated depreciation |
(12,513 | ) | (10,962 | ) | ||||
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Total, net |
$ | 9,991 | $ | 8,269 | ||||
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During fiscal years 2013, 2012, and 2011, depreciation expense was $2.6 billion, $2.2 billion, and $2.0 billion, respectively.