PROPERTY AND EQUIPMENT

12 Months Ended

Jun. 30, 2014

NOTE 8 — PROPERTY AND EQUIPMENT

The components of property and equipment were as follows:


(In millions)


June 30,	2014			2013

Land	$	541		$	525
Buildings and improvements		8,867			7,326
Leasehold improvements		3,560			2,946
Computer equipment and software		11,430			9,242
Furniture and equipment		3,406			2,465

Total, at cost		27,804			22,504
Accumulated depreciation		(14,793	)		(12,513	)

Total, net	$	13,011		$	9,991

During fiscal years 2014, 2013, and 2012, depreciation expense was $3.4 billion, $2.6 billion, and $2.2 billion, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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