Property, equipment and software, net, consisted of the following: | | | | | | | | | | | | | (In millions) | December 31,
2025 | | June 30,
2026 | | Computers and equipment | $ | 1,114.5 | | | $ | 1,102.9 | | | Software | 428.6 | | | 434.3 | | | Furniture and fixtures | 7.3 | | | 6.2 | | | Buildings and leasehold improvements | 416.6 | | | 411.7 | | | Property, equipment and software, at cost | 1,967.0 | | | 1,955.1 | | | Less: Accumulated depreciation | (1,377.7) | | | (1,387.6) | | | Work in process | 7.0 | | | 7.1 | | | Property, equipment and software, net | $ | 596.3 | | | $ | 574.6 | |
The table below presents depreciation expense included in segment operating profit above for the three and six months ended June 30, 2025 and 2026.
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | (In millions) | 2025 | | 2026 | | 2025 | | 2026 | | Public Cloud | $ | 1.7 | | | $ | 1.8 | | | $ | 3.4 | | | $ | 3.6 | | | Private Cloud | 30.6 | | | 32.1 | | | 60.3 | | | 65.9 | | | | | | | | | | | Corporate functions | 5.1 | | | 4.6 | | | 10.2 | | | 9.6 | | | Total depreciation expense | $ | 37.4 | | | $ | 38.5 | | | $ | 73.9 | | | $ | 79.1 | |
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