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Property and Equipment—Net | 9 Months Ended
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Sep. 30, 2025
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT—Net | PROPERTY AND EQUIPMENT—Net Property and equipment—net consisted of (in millions):
| September 30, 2025 |  | December 31, 2024
Land | $ | 592.4 |  |  | $ | 500.6 |
Buildings and improvements | 974.1 |  |  | 801.4 |
Computer equipment and software | 324.5 |  |  | 279.1 |
Leasehold improvements | 64.4 |  |  | 64.3 |
Evaluation units | 23.4 |  |  | 31.8 |
Furniture and fixtures | 38.3 |  |  | 36.4 |
Construction-in-progress | 50.5 |  |  | 52.0 |
Total property and equipment | 2,067.6 |  |  | 1,765.6 |
Less: accumulated depreciation | (462.4) |  |  | (416.1) |
Property and equipment—net | $ | 1,605.2 |  |  | $ | 1,349.5 |
During the three months ended March 31, 2025, we purchased certain real estate property in 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, with $16.8 million allocated to land and $37.7 million allocated to buildings and improvements, based on their relative fair values. During the three months ended June 30, 2025, we purchased certain real estate properties in Canada, the United States and the Netherlands for an aggregate purchase price of $130.5 million, to be used predominantly for data center operations, office space and warehouse operations. The purchases were accounted for under the asset acquisition method, with $43.0 million allocated to land and $87.5 million allocated to buildings and improvements, based on their relative fair values. During the three months ended September 30, 2025, we purchased certain real estate properties in Canada and the United Kingdom for an aggregate purchase price of $70.8 million, to be used predominantly for office space. The purchases were accounted for under the asset acquisition method, with $37.5 million allocated to land and $33.3 million allocated to buildings and improvements, based on their relative fair values. Depreciation expense was $25.3 million and $24.5 million during the three months ended September 30, 2025 and 2024, respectively. Depreciation expense was $74.4 million and $76.0 million during the nine months ended September 30, 2025 and 2024, respectively.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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