PROPERTY AND EQUIPMENT

12 Months Ended

Jan. 31, 2015

Property, Plant and Equipment [Abstract]

The following detail of property and equipment includes estimated useful lives which are generally used to depreciate the assets on a straight-line basis:



($ In millions)	Useful life (in years)	January 31, 2015		February 1, 2014
Land		$	695	$	733
Buildings	45-50	1,967		2,059
Furniture and equipment	3-20	1,639		1,733
Property and leasehold improvements	5-25	2,500		2,594
Costs of computer software	5	210		212
Construction in progress		32		20
Leased equipment under capital lease	3-5	51		57
		7,094		7,408
Less: accumulated depreciation and amortization		3,759		3,770
Total		$	3,335	$	3,638

Net gains on sales of properties

During fiscals 2014, 2013 and 2012, we sold certain properties and assets for proceeds of $18 million, $35 million and $20 million, respectively, resulting in net gains of $5 million, $8 million and $4 million, respectively, which were recorded in Other income, net on our Consolidated Statements of Operations.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details