PROPERTY AND EQUIPMENT

12 Months Ended

Jun. 30, 2011

NOTE 8 — PROPERTY AND EQUIPMENT

The components of property and equipment were as follows:


(In millions)


June 30,	2011			2010

Land	$	533		$	526
Buildings and improvements		6,521			6,087
Leasehold improvements		2,345			2,100
Computer equipment and software		6,601			5,673
Furniture and equipment		1,991			1,873

Total, at cost		17,991			16,259
Accumulated depreciation		(9,829	)		(8,629	)

Total, net	$	8,162		$	7,630

During fiscal years 2011, 2010, and 2009, depreciation expense was $2.0 billion, $1.8 billion, and $1.7 billion, respectively.

- 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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