Property and Equipment

12 Months Ended

Dec. 31, 2011

Note 7. Property and Equipment

Property and equipment consisted of the following (in millions):


	As of December 31, 2010		As of December 31, 2011
Information technology assets	$	4,670	$	6,060
Land and buildings		3,969		5,228
Construction in progress		2,329		2,128
Leasehold improvements		738		919
Furniture and fixtures		65		65

Total		11,771		14,400
Less: accumulated depreciation and amortization		4,012		4,797

Property and equipment, net	$	7,759	$	9,603

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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