Property and Equipment

6 Months Ended

Jun. 30, 2025

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment, net consists of the following (in millions): 

	June 30, 2025		December 31, 2024
Land	$	2,650	$	2,561
Servers and network assets	85,833		68,397
Buildings	50,507		47,076
Leasehold improvements	7,575		7,293
Equipment and other	8,135		7,150
Finance lease right-of-use assets	6,685		5,384
Construction in progress	35,942		26,802
Property and equipment, gross	197,327		164,663
Less: Accumulated depreciation	(50,288)		(43,317)
Property and equipment, net	$	147,039	$	121,346

Construction in progress includes costs mostly related to construction of data centers, network infrastructure and servers. Depreciation expense on property and equipment was $4.28 billion and $3.58 billion for the three months ended June 30, 2025 and 2024, respectively, and $8.12 billion and $6.92 billion for the six months ended June 30, 2025 and 2024, respectively. Within property and equipment, our servers and network assets depreciation expenses were $3.12 billion and $2.64 billion for the three months ended June 30, 2025 and 2024, respectively, and $5.74 billion and $4.99 billion for the six months ended June 30, 2025 and 2024, respectively. We extended the estimated useful lives of most servers and network assets to 5.5 years, effective January 1, 2025. See Note 1 — Summary of Significant Accounting Policies - Use of Estimates.

Held-for-sale Assets

At the beginning of June 2025, we approved a plan to dispose of certain data center assets and reclassified $2.04 billion of these assets as held-for-sale. These assets mostly consisted of construction in progress and land, which are reported at the lower of their carrying amounts or fair values less costs to sell. No loss was recognized upon reclassification, as these assets are expected to be disposed of within the next twelve months through a contribution to a third party for the purpose of co-developing data centers. As of June 30, 2025, total held-for-sale assets were $3.26 billion, included within prepaid expenses and other current assets on our condensed consolidated balance sheets.