Property, Equipment and Technology, Net

12 Months Ended

Sep. 30, 2020

Property, Plant and Equipment [Abstract]

Note 7—Property, Equipment and Technology, Net

Property, equipment and technology, net, consisted of the following:


	September 30,
	2020		2019
	(in millions)
Land	$	71	$	71
Buildings and building improvements	1,007		965
Furniture, equipment and leasehold improvements	1,997		1,913
Construction-in-progress	163		180
Technology	3,923		3,441
Total property, equipment and technology	7,161		6,570
Accumulated depreciation and amortization	(4,424)		(3,875)
Property, equipment and technology, net	$	2,737	$	2,695

Technology consists of both purchased and internally developed software. Internally developed software primarily represents software utilized by the VisaNet electronic payments network. At September 30, 2020 and 2019, accumulated amortization for technology was $2.7 billion and $2.3 billion, respectively.

At September 30, 2020, estimated future amortization expense on technology is as follows:


	For the Years Ending September 30,
	2021		2022		2023		2024		2025		Thereafter		Total
	(in millions)
Estimated future amortization expense	$	419	$	313	$	225	$	142	$	62	$	24	$	1,185

For fiscal 2020, 2019 and 2018, depreciation and amortization expense related to property, equipment and technology was $687 million, $596 million and $558 million, respectively.