U.S. Department of State Fiscal Year 2020 Agency Financial Report

6 P roperty and E quipment , N et Property and Equipment, Net balances at September 30, 2020 and 2019, are shown in the following table (dollars in millions) . 2020 2019 Major Classes Cost Accumulated Depreciation Net Value Cost Accumulated Depreciation Net Value Real Property: Overseas – Land and Land Improvements $ 2,933 $ (107) $ 2,826 $ 2,868 $ (104) $ 2,764 Buildings and Structures 25,387 (10,639) 14,748 24,852 (9,871) 14,981 Construction-in-Progress 5,343 — 5,343 4,200 — 4,200 Assets Under Capital Lease 144 (52) 92 171 (67) 104 Leasehold Improvements 684 (405) 279 662 (400) 262 Domestic – Structures, Facilities and Leaseholds 1,502 (500) 1,002 1,606 (607) 999 Construction-in-Progress 190 — 190 462 — 462 Assets Under Capital Lease 330 (50) 280 330 (33) 297 Land and Land Improvements 380 (18) 362 123 (10) 113 Total – Real Property 36,893 (11,771) 25,122 35,274 (11,092) 24,182 Personal Property: Aircraft 472 (387) 85 593 (428) 165 Vehicles 963 (689) 274 1,029 (671) 358 Communication Equipment 30 (22) 8 29 (21) 8 ADP Equipment 365 (272) 93 348 (228) 120 Reproduction Equipment 7 (6) 1 8 (7) 1 Security Equipment 285 (178) 107 278 (156) 122 Internal Use Software 396 (339) 57 391 (301) 90 Software-in-Development 405 — 405 322 — 322 Other Equipment 446 (293) 153 372 (161) 211 Total – Personal Property 3,369 (2,186) 1,183 3,370 (1,973) 1,397 Total Property and Equipment, Net $ 40,262 $ (13,957) $ 26,305 $ 38,644 $ (13,065) $ 25,579 Property and Equipment, Net activity at September 30, 2020, is shown in the following table (dollars in millions) . Property & Equipment, Net 2020 Balance beginning of year $ 25,579 Capitalized Acquisitions 2,456 Dispositions (390) Revaluations 6 Depreciation Expense (1,346) Ending Balance $ 26,305 2020 A gency F inanci al R eport U ni ted S tates D epartment of S tate | 81 NOTES TO THE PRINCIPAL FINANCIAL STATEMENTS | FINANCIAL SECTION