U.S. Department of State Fiscal Year 2019 Agency Financial Report

6  P roperty and E quipment , N et Property and Equipment, Net balances at September 30, 2019 and 2018, are shown in the following table (dollars in millions) . 2019 2018 Major Classes Cost Accumulated Depreciation Net Value Cost Accumulated Depreciation Net Value Real Property: Overseas – Land and Land Improvements $ 2,868 $ (104) $ 2,764 $ 2,782 $ (97) $ 2,685 Buildings and Structures 24,852 (9,871) 14,981 23,362 (9,145) 14,217 Construction-in-Progress 4,200 — 4,200 3,894 — 3,894 Assets Under Capital Lease 171 (67) 104 179 (64) 115 Leasehold Improvements 662 (400) 262 693 (386) 307 Domestic – Structures, Facilities and Leaseholds 1,606 (607) 999 1,496 (564) 932 Construction-in-Progress 462 — 462 448 — 448 Assets Under Capital Lease 330 (33) 297 244 (18) 226 Land and Land Improvements 123 (10) 113 82 (9) 73 Total – Real Property 35,274 (11,092) 24,182 33,180 (10,283) 22,897 Personal Property: Aircraft 593 (428) 165 690 (439) 251 Vehicles 1,029 (671) 358 990 (662) 328 Communication Equipment 29 (21) 8 29 (21) 8 ADP Equipment 348 (228) 120 351 (193) 158 Reproduction Equipment 8 (7) 1 8 (7) 1 Security Equipment 278 (156) 122 277 (132) 145 Internal Use Software 391 (301) 90 305 (251) 54 Software-in-Development 322 — 322 253 — 253 Other Equipment 372 (161) 211 382 (145) 237 Total – Personal Property 3,370 (1,973) 1,397 3,285 (1,850) 1,435 Total Property and Equipment, Net $ 38,644 $ (13,065) $ 25,579 $ 36,465 $ (12,133) $ 24,332 Stewardship Property and Equipment – Heritage Assets guests. As the lead institution conducting American diplomacy, the Department uses this property to promote national pride and the distinct cultural diversity of American artists, as well as to recognize the historical, architectural and cultural significance of America’s holdings overseas. (continued on next page) The Department maintains collections of art, furnishings and real property (Culturally Significant Property) that are held for public exhibition, education and official functions for visiting chiefs of State, heads of government, foreign ministers and other distinguished foreign and American 2019 A gency F inancial R eport U nited S tates D epartment of S tate | 81 NOTES TO THE PRINCIPAL FINANCIAL STATEMENTS | FINANCIAL SECTION