PROPERTY AND EQUIPMENT

12 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 7 — PROPERTY AND EQUIPMENT

The components of property and equipment were as follows:

(In millions)
June 30,	2024			2023
Land	$	8,163		$	5,683
Buildings and improvements		93,943			68,465
Leasehold improvements		9,594			8,537
Computer equipment and software		93,780			74,961
Furniture and equipment		6,532			6,246
Total, at cost		212,012			163,892
Accumulated depreciation		(76,421	)		(68,251	)
Total, net	$	135,591		$	95,641

During fiscal years 2024, 2023, and 2022, depreciation expense was $15.2 billion, $11.0 billion, and $12.6 billion, respectively.

As of June 30, 2024, we have committed $35.4 billion for the construction of new buildings, building improvements, and leasehold improvements, primarily related to datacenters.