Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 30, 2022

Schedule of Estimated Useful Lives of Property, Plant And Equipment

Property and equipment is stated at cost. Depreciation is computed using the straight-line method over the following estimated useful lives of the assets:


Leasehold improvements			Shorter of estimated useful life or lease term (generally 5 – 22 years)
Fixtures and equipment			2 – 20 years
Buildings and building improvements			10 – 40 years
Capitalized software			2 – 10 years

Property and equipment consists of the following:


(In thousands)	January 30, 2022		January 31, 2021
Capitalized Software	$	980,876	$	862,429
Leasehold improvements	882,320		896,865
Fixtures and equipment	863,353		828,344
Land and buildings	179,843		178,586
Corporate systems projects in progress	57,604		58,599
Construction in progress 1	19,112		3,046
Total	2,983,108		2,827,869
Accumulated depreciation	(2,062,335)		(1,953,975)
Property and equipment, net	$	920,773	$	873,894

1 Construction in progress primarily consists of leasehold improvements and furniture and fixtures related to new, expanded or remodeled distribution centers and retail stores where construction had not been completed as of year-end.