Property and Accumulated Depreciation

12 Months Ended

Feb. 03, 2023

Property, Plant and Equipment [Abstract]

Property is summarized by major class in the following table:


(In millions)	Estimated Depreciable Lives, In Years	February 3, 2023		January 28, 2022
Cost:
Land	N/A	$	6,793	$	7,278
Buildings and building improvements	5-40	17,784		18,433
Equipment	2-15	9,541		10,533

Construction in progress	N/A	793		715
Total cost		34,911		36,959
Accumulated depreciation		(17,344)		(17,888)
Property, less accumulated depreciation		$	17,567	$	19,071

Included in property, less accumulated depreciation are right-of-use assets under finance leases. The related amortization expense for right-of-use assets under finance leases is included in depreciation and amortization expense. The Company recognized depreciation and amortization expense, inclusive of amounts presented in cost of sales, of $1.9 billion in 2022, $1.8 billion in 2021, and $1.5 billion in 2020.