Property And Equipment, Net

9 Months Ended

Oct. 31, 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 October 31, 2015, January 31, 2015 and November 1, 2014:

	October 31, 2015			January 31, 2015			November 1, 2014
	(in millions)
Property and Equipment, at Cost	$	5,652		$	5,480		$	5,462
Accumulated Depreciation and Amortization	(3,302		)	(3,203		)	(3,181		)
Property and Equipment, Net	$	2,350		$	2,277		$	2,281

Depreciation expense was $111 million and $108 million for the third quarter of 2015 and 2014, respectively. Depreciation expense was $335 million and $327 million for year-to-date 2015 and 2014, respectively.

In the second and third quarters of 2015, the Company completed sale and leaseback transactions under noncancellable operating leases of certain assets with a carrying value of $177 million. The proceeds of $178 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."