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.
