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Property, Equipment and Technology, Net
12 Months Ended
Sep. 30, 2017
Property, Plant and Equipment [Abstract]  
Property, Equipment and Technology, Net
Note 5—Property, Equipment and Technology, Net
Property, equipment and technology, net, consisted of the following:
 
September 30,
2017
 
September 30,
2016
 
(in millions)
Land
$
72

 
$
74

Buildings and building improvements
865

 
839

Furniture, equipment and leasehold improvements
1,534

 
1,382

Construction-in-progress
139

 
125

Technology
2,533

 
2,378

Total property, equipment and technology
5,143

 
4,798

Accumulated depreciation and amortization
(2,890
)
 
(2,648
)
Property, equipment and technology, net
$
2,253

 
$
2,150


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, 2017 and 2016, accumulated amortization for technology was $1.7 billion and $1.5 billion, respectively.
At September 30, 2017, estimated future amortization expense on technology was as follows:
Fiscal:
 
2018
 
2019
 
2020
 
2021
 
2022 and thereafter
 
Total
 
 
 (in millions)
Estimated future amortization expense
 
$
265

 
$
222

 
$
159

 
$
107

 
$
76

 
$
829

Depreciation and amortization expense related to property, equipment and technology was $500 million, $452 million and $431 million for fiscal 2017, 2016 and 2015, respectively. Included in those amounts was amortization expense on technology of $285 million, $259 million and $251 million for fiscal 2017, 2016 and 2015, respectively.