Property at Cost

3 Months Ended

May 04, 2019

Property, Plant and Equipment [Abstract]

Property at Cost

Property at Cost

The following table presents the components of property at cost:

In thousands	May 4, 2019		February 2, 2019		May 5, 2018
Land and buildings(a)	$	1,219,604	$	1,457,835	$	1,377,854
Leasehold costs and improvements(a)	3,379,543		3,377,045		3,245,902
Furniture, fixtures and equipment	6,016,591		5,894,239		5,455,039
Total property at cost	$	10,615,738	$	10,729,119	$	10,078,795
Less accumulated depreciation and amortization(a)	5,597,140		5,473,911		5,052,703
Net property at cost	$	5,018,598	$	5,255,208	$	5,026,092

(a) See leases note in Note A—Basis of Presentation and Summary of Significant Accounting Policies of Notes to Consolidated Financial Statements for impact of lease accounting changes.    

Depreciation expense was $209.7 million for the three months ended May 4, 2019 and $193.7 million for the three months ended May 5, 2018. Depreciation expense was $818.9 million for the twelve months ended February 2, 2019.