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Form 10-K
Part I
Item 1
Item 2
Item 3
Item 4
Part II
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Item 6
Item 7
Item 7a
Item 8
Item 9
Item 9a
Part III
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Item 11
Item 12
Item 13
Item 14
Part IV
Item 15
MDA
Financial Statements
Income
Balance
Cash Flows
Stockholders' Equity
Notes
Directors and Officers
Marketing Locations
Investor Relations
Proxy Statement
Accounting Policies
Stock Split
Accounting Changes
Unearned Revenue
Cash and Short-Term Investments
Inventories
Property and Equipment
Equity and Other Investments
Goodwill
Intangible Assets
Derivatives
Investment Income/(Loss)
Income Taxes
Stockholders' Equity
Other Comprehensive Income
Employee Stock and Savings Plans
Earnings Per Share
Acquisitions
Commitments and Guarantees
Contingencies
Segment Information


Note 7-Property and Equipment

 

(In millions)

   

 

   

June 30

2002

 

2003

 

 

 

 

Land

$    197 

 

$    248 

Buildings

  1,701 

 

  1,854 

Computer equipment and software

  2,621 

 

  2,464 

Other

  1,372 

 

  1,512 

Property and equipment - at cost

  5,891 

 

  6,078 

Accumulated depreciation

 (3,623)

 

 (3,855)

Property and equipment - net

$ 2,268 

 

$ 2,223 

 

During 2001, 2002, and 2003, depreciation expense, the majority of which related to computer equipment, was $764 million, $820 million, and $929 million.

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