Property at Cost

9 Months Ended

Oct. 29, 2016

Property at Cost

Note J. Property at Cost

Presented below are the components of property at cost as of October 29, 2016, January 30, 2016 and October 31, 2015:

In thousands	October 29, 2016		January 30, 2016		October 31, 2015
Land and buildings	$	1,118,739	$	1,013,247	$	917,651
Leasehold costs and improvements		2,936,777		2,943,191		2,950,635
Furniture, fixtures and equipment		5,469,647		5,112,229		5,056,946
Total property at cost	$	9,525,163	$	9,068,667	$	8,925,232
Less accumulated depreciation and amortization		5,206,334		4,931,092		4,858,245
Net property at cost	$	4,318,829	$	4,137,575	$	4,066,987

Depreciation expense was $484.5 million for the nine months ended October 29, 2016 and $453.0 for the nine months ended October 31, 2015. Depreciation expense was $612.8 million for the twelve months ended January 30, 2016.