v3.26.1
Property and Equipment
 3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment, net consists of the following (in millions): 
March 31, 2026December 31, 2025
Land$3,677 $3,687 
Servers and network assets105,987 98,040 
Buildings58,836 55,568 
Leasehold improvements8,209 8,346 
Equipment and other9,699 9,377 
Finance lease right-of-use assets8,842 8,187 
Construction in progress (1)
61,017 50,521 
Property and equipment, gross256,267 233,726 
Less: Accumulated depreciation(61,491)(57,326)
Property and equipment, net$194,776 $176,400 
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(1)Construction in progress includes costs mostly related to construction of data centers, network infrastructure and servers.
Depreciation expense on property and equipment was $5.68 billion and $3.84 billion for the three months ended March 31, 2026 and 2025, respectively. Within property and equipment, our servers and network assets depreciation expenses were $4.38 billion and $2.63 billion for the three months ended March 31, 2026 and 2025, respectively.

Held-for-sale Assets

In March 2026, we approved a plan to dispose of certain data center assets with a carrying value of $1.48 billion, consisting mostly of construction in progress and land. These assets were classified as held-for-sale within prepaid expenses and other current assets on our condensed consolidated balance sheet as of March 31, 2026. We expect to dispose of these assets within the next twelve months through a contribution to a third party for the purpose of co-developing data centers.