PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 28, 2013

PROPERTY AND EQUIPMENT

NOTE 4. PROPERTY AND EQUIPMENT

Property and equipment consists of:

(In millions)	December 28, 2013			December 29, 2012
Land	$	101		$	31
Buildings		469			290
Leasehold improvements		780			747
Furniture, fixtures and equipment		1,605			1,338
		2,955			2,406
Less accumulated depreciation		(1,646	)		(1,550	)
Total	$	1,309		$	856

The above table of property and equipment includes assets held under capital leases as follows:

(In thousands)	December 28, 2013			December 29, 2012
Buildings	$	228		$	228
Furniture, fixtures and equipment		65			58
		293			286
Less accumulated depreciation		(127	)		(107	)
Total	$	166		$	179

Depreciation expense was $149 million in 2013, $152 million in 2012, and $161 million in 2011. Refer to Note 16 for additional information on asset impairment charges.

Included in furniture, fixtures and equipment above are capitalized software costs of $531 million and $398 million at December 28, 2013 and December 29, 2012, respectively. The unamortized amounts of the capitalized software costs are $236 million and $166 million at December 28, 2013 and December 29, 2012, respectively. Amortization of capitalized software costs totaled $56 million, $46 million and $45 million in 2013, 2012 and 2011, respectively. Software development costs that do not meet the criteria for capitalization are expensed as incurred.

Estimated future amortization expense related to capitalized software at December 28, 2013 is as follows:

(In millions)
2014	$	79
2015		75
2016		45
2017		19
2018		12
Thereafter		6

The weighted average amortization period for capitalized software is 3 years.