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Property, Equipment and Technology, Net
12 Months Ended
Sep. 30, 2016
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,
2016
 
September 30,
2015
 
(in millions)
Land
$
74

 
$
71

Buildings and building improvements
839

 
803

Furniture, equipment and leasehold improvements
1,382

 
1,267

Construction-in-progress
125

 
120

Technology
2,378

 
2,022

Total property, equipment and technology
4,798

 
4,283

Accumulated depreciation and amortization
(2,648
)
 
(2,395
)
Property, equipment and technology, net
$
2,150

 
$
1,888


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, 2016 and 2015, accumulated amortization for technology was $1.5 billion and $1.4 billion, respectively.
At September 30, 2016, estimated future amortization expense on technology was as follows:
Fiscal:
 
2017
 
2018
 
2019
 
2020
 
2021 and thereafter
 
Total
 
 
 (in millions)
Estimated future amortization expense
 
$
274

 
$
209

 
$
161

 
$
108

 
$
84

 
$
836

Depreciation and amortization expense related to property, equipment and technology was $452 million, $431 million and $369 million for fiscal 2016, 2015 and 2014, respectively. Included in those amounts was amortization expense on technology of $259 million, $251 million and $198 million for fiscal 2016, 2015 and 2014, respectively.