PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Feb. 03, 2024

PROPERTY, PLANT AND EQUIPMENT, NET

PROPERTY, PLANT AND EQUIPMENT, NET

3. PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net consists of:

	2023		2022
Land	$	3,512	$	3,442
Buildings and land improvements		15,137		14,539
Equipment		19,375		17,328
Leasehold improvements		12,394		11,435
Construction-in-progress		3,574		4,044
Leased property under finance leases		2,701		2,580
Total property, plant and equipment		56,693		53,368
Accumulated depreciation and amortization		(31,463)		(28,642)
Property, plant and equipment, net	$	25,230	$	24,726

Accumulated depreciation and amortization for leased property under finance leases was $730 at February 3, 2024 and $562 at January 28, 2023.

Approximately $104 and $124, net book value, of property, plant and equipment collateralized certain mortgages at February 3, 2024 and January 28, 2023, respectively.

Capitalized implementation costs associated with cloud computing arrangements of $257, net of accumulated amortization of $65, and $193, net of accumulated amortization of $36, are included in “Other assets” in the Company’s Consolidated Balance Sheets as of February 3, 2024 and January 28, 2023, respectively. The corresponding cash flows related to these arrangements are included in “Net cash provided by operating activities” in the Company’s Consolidated Statements of Cash Flows.