Property and equipment are stated at cost less accumulated depreciation, except for land which is stated at cost. Depreciation is recorded using the straight-line method over the estimated useful lives of the assets as shown in the table below.
Computers, equipment, and software
2 - 10 years
Buildings
10 - 60 years
Leasehold improvements
shorter of the related lease term or ten years
Furniture, fixtures, and transportation equipment
5 - 12 years
Land improvements
15 years
Property and equipment, net consisted of the following (in millions): 
 As of January 31,
 20262025
Computers, equipment, and software$1,285 $1,370 
Buildings690 752 
Leasehold improvements334 252 
Furniture, fixtures, and transportation equipment112 108 
Land and land improvements74 81 
Property and equipment, gross2,495 2,563 
Less accumulated depreciation and amortization(1,402)(1,324)
Property and equipment, net$1,093 $1,239 

Historical Timeline

Fiscal YearFiled
2026Mar 6, 2026Showing above
2025Mar 11, 2025
2024Mar 8, 2024
2023Feb 27, 2023
2022Feb 28, 2022
2021Mar 2, 2021
2020Mar 3, 2020
2019Mar 18, 2019
2018Mar 14, 2018
2017Mar 20, 2017
2016Mar 22, 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.