PROPERTY AND EQUIPMENT

12 Months Ended

Jun. 30, 2016

PROPERTY AND EQUIPMENT

NOTE 8 — PROPERTY AND EQUIPMENT

The components of property and equipment were as follows:

(In millions)
June 30,	2016			2015
Land	$	824		$	769
Buildings and improvements		12,393			10,800
Leasehold improvements		3,659			3,577
Computer equipment and software		17,391			13,612
Furniture and equipment		3,889			3,579
Total, at cost		38,156			32,337
Accumulated depreciation		(19,800	)		(17,606	)
Total, net	$	18,356		$	14,731

During fiscal years 2016, 2015, and 2014, depreciation expense was $4.9 billion, $4.1 billion, and $3.4 billion, respectively.