Property, Plant, and Equipment

12 Months Ended

Jan. 29, 2021

Property, Plant and Equipment [Abstract]

Property, Plant, and Equipment

Property, Plant, and Equipment:Property, plant, and equipment are carried at cost net of accumulated depreciation and amortization. Purchases of property, plant, and equipment, as well as costs associated with major renewals and betterments, are capitalized. Maintenance, repairs and minor renewals and betterments are expensed as incurred. When assets are sold or otherwise disposed of, the cost and related accumulated depreciation or amortization are removed from the accounts and any resulting gain or loss is recognized.

Depreciation and amortization is recognized using the methods and estimated useful lives as follows: 

	Depreciation or amortization method	Estimated useful lives (in years)	January 29, 2021		January 31, 2020
			(in millions)
Computer equipment	Straight-line or declining balance	3-10	$	90	$	90
Capitalized software and software licenses	Straight-line or declining balance	3-10	45		68
Leasehold improvements	Straight-line	Shorter of lease term or 10	92		80
Office furniture and fixtures	Straight-line or declining balance	3-10	17		19
Buildings and improvements	Straight-line	40	7		7
Construction in process			14		7
Land			1		1
Property, plant, and equipment			266		272
Accumulated depreciation and amortization			(158)		(181)
Property, plant, and equipment, net			$	108	$	91

Depreciation and amortization expense for property, plant, and equipment was $32 million, $36 million and $23 million in fiscal 2021, 2020 and 2019, respectively.