Property and Equipment

6 Months Ended

Oct. 01, 2011


7.	Property and Equipment

Property and equipment, net, consist of the following:


	October 1,			April 2,
	2011			2011
	(millions)

Land and improvements	$	9.9		$	9.9
Buildings and improvements		118.4			115.3
Furniture and fixtures		551.0			490.9
Machinery and equipment		152.3			144.4
Capitalized software		185.4			165.4
Leasehold improvements		876.5			826.3
Construction in progress		46.1			58.1

		1,939.6			1,810.3
Less: accumulated depreciation		(1,106.1	)		(1,021.5	)

Property and equipment, net	$	833.5		$	788.8

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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