16. Depreciation and Amortization

The Company has recorded the following depreciation and amortization expense in the Consolidated Condensed Statements of Earnings (in millions):

	Three Months Ended February 28,				Six Months Ended February 28,
	2015		2014		2015		2014
Depreciation expense	$	311	$	258	$	567	$	520
Intangible asset and other amortization		196		73		259		143
Total depreciation and amortization expense	$	507	$	331	$	826	$	663

As discussed in Note 7, Acquisitions, the Company completed the acquisition of remaining 55% interest in Alliance Boots on December 31, 2014, as a result of which the financial results of Alliance Boots were fully consolidated into the results of the Company. The Company previously accounted for its 45% interest in Alliance Boots as an equity method investment. The total depreciation and amortization expense of the Company for the three and six month periods ended February 28, 2015 include the depreciation and amortization expense relating to the preliminary acquisition date fair values of Alliance Boots assets effective as of the date of the Second Step Transaction including all $106 million of inventory step-up amortization.