v3.24.2
Property and Equipment
 6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment, net consists of the following (in millions): 
June 30, 2024December 31, 2023
Land$2,086 $2,080 
Servers and network assets56,531 46,838 
Buildings42,840 37,961 
Leasehold improvements7,191 6,972 
Equipment and other6,457 7,416 
Finance lease right-of-use assets4,583 4,185 
Construction in progress21,666 24,269 
Property and equipment, gross141,354 129,721 
Less: Accumulated depreciation(38,395)(33,134)
Property and equipment, net$102,959 $96,587 
Construction in progress includes costs mostly related to construction of data centers, network infrastructure and servers. Depreciation expenses on property and equipment were $3.58 billion and $2.58 billion for the three months ended June 30, 2024 and 2023, respectively, and $6.92 billion and $5.06 billion for the six months ended June 30, 2024 and 2023, respectively. Within property and equipment, our servers and network assets depreciation expenses were $2.64 billion and $1.71 billion for the three months ended June 30, 2024 and 2023, respectively, and $4.99 billion and $3.22 billion for the six months ended June 30, 2024 and 2023, respectively.