The components of property and equipment were as follows:


(In millions)


June 30,	2026			2025

Land	$	10,546		$	9,338
Buildings and improvements		182,749			137,921
Leasehold improvements		16,348			12,117
Servers, network equipment, and software		215,874			132,836
Furniture and equipment		6,250			6,407


Total, at cost		431,767			298,619
Accumulated depreciation		(118,691	)		(93,653	)


Total, net	$	313,076		$	204,966

During fiscal years 2026, 2025, and 2024, depreciation expense was $34.3 billion, $22.0 billion, and $15.2 billion, respectively.

As of June 30, 2026, 2025, and 2024, purchases of property and equipment remaining in accounts payable were $26.7 billion, $6.9 billion, and $4.3 billion, respectively. As of June 30, 2026, we have committed $34.6 billion for the construction of new buildings, building improvements, and leasehold improvements, primarily related to datacenters.