The components of property and equipment were as follows:


(In millions)


June 30,	2025			2024

Land	$	9,338		$	8,163
Buildings and improvements		137,921			93,943
Leasehold improvements		12,117			9,594
Computer equipment and software		132,836			93,780
Furniture and equipment		6,407			6,532


Total, at cost		298,619			212,012
Accumulated depreciation		(93,653	)		(76,421	)


Total, net	$	204,966		$	135,591

During fiscal years 2025, 2024, and 2023, depreciation expense was $22.0 billion, $15.2 billion, and $11.0 billion, respectively.

As of June 30, 2025, 2024, and 2023, purchases of property and equipment remaining in accounts payable were $6.9 billion, $4.3 billion, and $3.8 billion, respectively. As of June 30, 2025, we have committed $32.1 billion for the construction of new buildings, building improvements, and leasehold improvements, primarily related to datacenters.