Property and Equipment (Tables)

12 Months Ended

Jan. 29, 2022

Property and Equipment

Schedule of Property and Equipment

Property and equipment consists of the following (in thousands):

	JANUARY 29,		JANUARY 30,
	2022		2021
Finance lease right-of-use assets (1)	$	958,148	$	844,832
Leasehold improvements (2)		389,179		340,546
Computer software		122,552		143,571
Furniture, fixtures and equipment		86,058		92,736
Machinery, equipment and aircraft		73,968		67,080
Building and building improvements (3)		54,061		43,193
Built-to-suit property		37,057		24,881
Land		20,614		9,059
Total property and equipment		1,741,637		1,565,898
Less—accumulated depreciation and amortization (4)		(513,717)		(488,700)
Total property and equipment—net	$	1,227,920	$	1,077,198

(1) Refer to “Lease Accounting” within Note 3—Significant Accounting Policies and Note 11—Leases.

(2) Leasehold improvements include construction in progress of $11 million and $32 million as of January 29, 2022 and January 30, 2021, respectively.

(3) Building and building improvements as of January 29, 2022 and January 30, 2021 includes $51 million and $40 million of owned buildings under construction related to future Design Galleries.

(4) Includes accumulated amortization related to finance lease right-of-use assets of $174 million and $133 million as of January 29, 2022 and January 30, 2021, respectively. Refer to Note 11—Leases.