Property And Equipment, Net

6 Months Ended

Aug. 01, 2015

Property, Plant and Equipment [Abstract]

Property And Equipment, Net

Property and Equipment, Net

The following table provides details of property and equipment, net as of August 1, 2015, January 31, 2015 and August 2, 2014:

	August 1, 2015			January 31, 2015			August 2, 2014
	(in millions)
Property and Equipment, at Cost	$	5,565		$	5,480		$	5,304
Accumulated Depreciation and Amortization	(3,290		)	(3,203		)	(3,140		)
Property and Equipment, Net	$	2,275		$	2,277		$	2,164

Depreciation expense was $113 million and $109 million for the second quarter of 2015 and 2014, respectively. Depreciation expense was $224 million and $219 million for year-to-date 2015 and 2014, respectively.

In July 2015, the Company completed sale and leaseback transactions under noncancellable operating leases of certain assets with a carrying value of $118 million. The proceeds of $118 millionfrom the sale of these assets are included in Proceeds from Sale of Assets within the Investing Activities section of the 2015 Consolidated Statement of Cash Flows. For additional information, see Note 12, "Commitments and Contingencies."

Subsequent to August 1, 2015, the Company completed a sale and leaseback transaction under a noncancellable operating lease of an additional asset with a carrying value of $41 million. The proceeds from the sale of $42 million will be recognized in the third quarter of 2015. For additional information, see Note 12, "Commitments and Contingencies."