Property, Equipment and Technology, Net

12 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

Note 7—Property, Equipment and Technology, Net

Property, equipment and technology, net, consisted of the following:


	September 30,
	2023		2022
	(in millions)
Land	$	71	$	72
Buildings and building improvements	1,022		1,003
Furniture, equipment and leasehold improvements	2,146		2,230
Construction-in-progress	344		285
Technology	5,197		5,291
Total property, equipment and technology	8,780		8,881
Accumulated depreciation and amortization	(5,355)		(5,658)
Property, equipment and technology, net	$	3,425	$	3,223

As of September 30, 2023 and 2022, accumulated amortization for technology was $3.4 billion and $3.7 billion, respectively.

As of September 30, 2023, estimated future amortization expense on technology was as follows:


	For the Years Ending September 30,
	2024		2025		2026		2027		2028		Thereafter		Total
	(in millions)
Estimated future amortization expense	$	605	$	505	$	341	$	197	$	84	$	25	$	1,757

For fiscal 2023, 2022 and 2021, depreciation and amortization expense related to property, equipment and technology was $867 million, $771 million and $721 million, respectively.