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Property, Equipment and Technology, Net
12 Months Ended
Sep. 30, 2013
Property, Plant and Equipment [Abstract]  
Property, Equipment and Technology, Net
Note 6—Property, Equipment and Technology, Net
Property, equipment and technology, net, consisted of the following:
 
September 30,
2013
 
September 30,
2012
 
(in millions)
Land
$
71

 
$
71

Buildings and building improvements
766

 
751

Furniture, equipment and leasehold improvements
983

 
837

Construction-in-progress
74

 
69

Technology
1,545

 
1,353

Total property, equipment and technology
3,439

 
3,081

Accumulated depreciation and amortization
(1,707
)
 
(1,447
)
Property, equipment and technology, net
$
1,732

 
$
1,634


Technology consists of both purchased and internally developed software. Internally developed software primarily represents software utilized by the VisaNet electronic payment network and CyberSource platform. At September 30, 2013 and 2012, accumulated amortization for technology was $959 million and $812 million, respectively.
At September 30, 2013, estimated future amortization expense on technology was as follows:
Fiscal (in millions)
2014
 
2015
 
2016
 
2017
 
2018 and
thereafter
 
Total
Estimated future amortization expense
$
175

 
$
162

 
$
129

 
$
85

 
$
35

 
$
586

Depreciation and amortization expense related to property, equipment and technology was $328 million, $265 million and $225 million for fiscal 2013, 2012 and 2011, respectively. Included in those amounts was amortization expense on technology of $173 million, $132 million and $102 million for fiscal 2013, 2012 and 2011, respectively.