v3.25.4
Property and Equipment
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment, net consists of the following (in millions):
 December 31,
 20252024
Land$3,687 $2,561 
Servers and network assets98,040 68,397 
Buildings55,568 47,076 
Leasehold improvements8,346 7,293 
Equipment and other9,377 7,150 
Finance lease right-of-use assets8,187 5,384 
Construction in progress50,521 26,802 
Property and equipment, gross233,726 164,663 
Less: Accumulated depreciation(57,326)(43,317)
Property and equipment, net$176,400 $121,346 

Construction in progress (CIP) includes costs mostly related to construction of data centers, network infrastructure and servers. Interest expense capitalized for the eligible CIP assets was $535 million and $384 million during the years ended December 31, 2025 and 2024, respectively.

Depreciation expense on property and equipment was $18.00 billion, $15.29 billion, and $11.02 billion for the years ended December 31, 2025, 2024, and 2023, respectively. Within property and equipment, servers and network assets depreciation expenses were $13.36 billion, $11.34 billion, and $7.32 billion for the years ended December 31, 2025, 2024, and 2023, respectively. We extended the estimated useful lives of most servers and network assets to 5.5 years, effective January 1, 2025. See Note 1 — Summary of Significant Accounting Policies - Use of Estimates.
During the years ended December 31, 2025, 2024, and 2023, total impairment losses for property and equipment were $237 million, $288 million and $738 million, respectively.