Property and equipment are stated at cost less accumulated depreciation. Depreciation is calculated on a straight-line basis over the estimated useful lives of those assets as follows:
Buildings and building improvements
10 to 40 years
Computers, equipment and software
3 to 5 years
Furniture and fixtures5 years
Leasehold improvements
Shorter of the estimated lease term or 10 years
Property and equipment, net consisted of the following (in millions):
 As of January 31,
 20262025
Land $357 $293 
Buildings and building improvements 500 492 
Computers, equipment and software4,104 4,345 
Furniture and fixtures245 232 
Leasehold improvements1,617 1,556 
Property and equipment, gross6,823 6,918 
Less accumulated depreciation and amortization(3,703)(3,682)
Property and equipment, net$3,120 $3,236 

Historical Timeline

Fiscal YearFiled
2026Mar 2, 2026Showing above
2025Mar 5, 2025
2024Mar 6, 2024
2023Mar 8, 2023
2022Mar 11, 2022
2021Mar 17, 2021
2020Mar 5, 2020
2019Mar 8, 2019
2018Mar 9, 2018
2017Mar 6, 2017
2016Mar 7, 2016

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.