LOWES COMPANIES INC | 2013 | FY | 3


NOTE 4: Property and Accumulated Depreciation

Property is summarized by major class in the following table:
(In millions)
Estimated
Depreciable Lives, In Years

January 31, 2014

 
February 1, 2013

Cost:
 

 
 
 
Land
N/A

$
7,016

 
$
6,986

Buildings and building improvements
5-40

17,161

 
16,968

Equipment
3-15

10,063

 
9,780

Construction in progress
N/A

834

 
932

Total cost
 
 
35,074

 
34,666

Accumulated depreciation
 
 
(14,240
)
 
(13,189
)
Property, less accumulated depreciation
 
 
$
20,834

 
$
21,477



Included in net property are assets under capital lease of $732 million, less accumulated depreciation of $455 million, at January 31, 2014, and $706 million, less accumulated depreciation of $418 million, at February 1, 2013.  The related amortization expense for assets under capital lease is included in depreciation expense.

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