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Property And Equipment, Net
 3 Months Ended
May 02, 2020
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 May 2, 2020, February 1, 2020 and May 4, 2019:
 
May 2,
2020
 
February 1,
2020
 
May 4,
2019
 
(in millions)
Property and Equipment, at Cost
$
6,177

 
$
6,613

 
$
6,744

Accumulated Depreciation and Amortization
(3,878
)
 
(4,127
)
 
(3,950
)
Property and Equipment, Net
$
2,299

 
$
2,486

 
$
2,794



Depreciation expense was $139 million and $145 million for the first quarter of 2020 and 2019, respectively.
The Company remains committed to taking the necessary steps to prepare the Victoria's Secret business to operate as a separate, standalone company. Management is actively working on implementing a comprehensive profit improvement plan that will better position the Company to evaluate the next steps for the separation of the Victoria's Secret business. A component of the profit improvement plan includes a significant rationalization of the Victoria’s Secret company-owned store footprint. The Company estimates that it will close approximately 250 stores in North America in 2020. Given the closures as well as the negative operating results of certain Victoria's Secret stores, the Company recorded long-lived store asset impairment charges of $97 million within the Victoria's Secret segment in the first quarter of 2020. Long-lived store asset impairment charges are included in Costs of Goods Sold, Buying & Occupancy in the 2020 Consolidated Statement of Loss.