Estimated useful lives

 

As of June 30,

 

    

(in years)

    

2016

    

2015

 

 

 

 

 

(in millions)

Land

 

N/A

 

$

16.7

 

$

16.2

Buildings - leasehold and site improvements

 

15 to 35

 

 

187.3

 

 

109.2

Furniture, fixtures and office equipment

 

3 to 7

 

 

6.8

 

 

5.1

Computer hardware

 

3 to 5

 

 

24.5

 

 

15.1

Software

 

3

 

 

37.2

 

 

8.3

Machinery and equipment

 

5 to 7

 

 

326.6

 

 

272.1

Fiber optic equipment

 

8

 

 

732.5

 

 

623.3

Circuit switch equipment

 

10

 

 

20.3

 

 

12.1

Packet switch equipment

 

5

 

 

97.9

 

 

76.2

Fiber optic network

 

15 to 20

 

 

3,393.0

 

 

2,715.4

Construction in progress

 

N/A

 

 

656.8

 

 

437.1

Total

 

 

 

 

5,499.6

 

 

4,290.1

Less accumulated depreciation

 

 

 

 

(1,420.1)

 

 

(990.9)

Property and equipment, net

 

 

 

$

4,079.5

 

$

3,299.2