PROPERTY AND EQUIPMENT, NET

12 Months Ended

Sep. 30, 2021

Property, Plant and Equipment [Abstract]

The following table presents the components of our property and equipment, net as of the dates indicated.


	September 30,
	2021						2020
$ in millions	Gross carrying value		Accumulated depreciation/ software amortization		Property and equipment, net		Gross carrying value		Accumulated depreciation/ software amortization		Property and equipment, net
Land	$	29	$	—	$	29	$	29	$	—	$	29
Software, including development in progress	606		(362)		244		565		(302)		263
Buildings, building components, leasehold and land improvements	397		(225)		172		406		(215)		191
Furniture, fixtures and equipment	321		(267)		54		294		(242)		52
Total	$	1,353	$	(854)	$	499	$	1,294	$	(759)	$	535

Depreciation expense associated with property and equipment was $51 million, $52 million, and $48 million for the years ended September 30, 2021, 2020, and 2019, respectively, and is included in “Occupancy and equipment” expense on our Consolidated Statements of Income and Comprehensive Income. Amortization expense associated with computer software was $62 million, $54 million, and $49 million for the years ended September 30, 2021, 2020, and 2019, respectively, and is included in “Communications and information processing” expense on our Consolidated Statements of Income and Comprehensive Income. We also incur software licensing fees, which are also included in “Communications and information processing” expense on our Consolidated Statements of Income and Comprehensive Income.