v3.24.3
Property and Equipment
 9 Months Ended
Sep. 30, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment, net consists of the following (in millions): 
September 30, 2024December 31, 2023
Land$2,114 $2,080 
Servers and network assets62,931 46,838 
Buildings45,392 37,961 
Leasehold improvements7,246 6,972 
Equipment and other6,929 7,416 
Finance lease right-of-use assets5,103 4,185 
Construction in progress23,301 24,269 
Property and equipment, gross153,016 129,721 
Less: Accumulated depreciation(40,854)(33,134)
Property and equipment, net$112,162 $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 $3.96 billion and $2.83 billion for the three months ended September 30, 2024 and 2023, respectively, and $10.88 billion and $7.88 billion for the nine months ended September 30, 2024 and 2023, respectively. Within property and equipment, our servers and network assets depreciation expenses were $2.97 billion and $1.94 billion for the three months ended September 30, 2024 and 2023, respectively, and $7.96 billion and $5.16 billion for the nine months ended September 30, 2024 and 2023, respectively.