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Property, Equipment and Technology, Net
12 Months Ended
Sep. 30, 2018
Property, Plant and Equipment [Abstract]  
Property, Equipment and Technology, Net
Note 4—Property, Equipment and Technology, Net
Property, equipment and technology, net, consisted of the following:
 
September 30,
2018
 
September 30,
2017
 
(in millions)
Land
$
69

 
$
72

Buildings and building improvements
898

 
865

Furniture, equipment and leasehold improvements
1,661

 
1,534

Construction-in-progress
153

 
139

Technology
2,916

 
2,533

Total property, equipment and technology
5,697

 
5,143

Accumulated depreciation and amortization
(3,225
)
 
(2,890
)
Property, equipment and technology, net
$
2,472

 
$
2,253


Technology consists of both purchased and internally developed software. Internally developed software primarily represents software utilized by the VisaNet electronic payments network. At September 30, 2018 and 2017, accumulated amortization for technology was $1.9 billion and $1.7 billion, respectively.
At September 30, 2018, estimated future amortization expense on technology was as follows:
Fiscal year ending September 30,
2019
 
2020
 
2021
 
2022
 
2023
 
Thereafter
 
Total
 
 (in millions)
Estimated future amortization expense
$
309

 
$
257

 
$
195

 
$
128

 
$
69

 
$
32

 
$
990

Depreciation and amortization expense related to property, equipment and technology was $558 million, $500 million and $452 million for fiscal 2018, 2017 and 2016, respectively. Included in those amounts was amortization expense on technology of $312 million, $285 million and $259 million for fiscal 2018, 2017 and 2016, respectively.