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Property and Equipment—Net
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT—Net PROPERTY AND EQUIPMENT—Net
Property and equipment—net consisted of (in millions):
 
 March 31,
2025		December 31,
2024
Land$517.6 $500.6 
Buildings and improvements842.9 801.4 
Computer equipment and software295.5 279.1 
Leasehold improvements63.5 64.3 
Evaluation units31.9 31.8 
Furniture and fixtures36.8 36.4 
Construction-in-progress48.6 52.0 
Total property and equipment1,836.8 1,765.6 
Less: accumulated depreciation(433.0)(416.1)
Property and equipment—net$1,403.8 $1,349.5 

During the first quarter in 2025, we purchased certain real estate property in Frankfurt, Germany totaling $54.5 million, to be used predominantly for data center operations and as office space. The purchase was accounted for under the asset acquisition method. The costs of the assets allocated to land and building and improvements were $16.8 million and $37.7 million, respectively, based on their relative fair values.
Depreciation expense was $24.0 million and $25.6 million during the three months ended March 31, 2025 and 2024, respectively.