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 May 31,				Nine Months Ended May 31,
	2015		2014		2015		2014
Depreciation expense	$	339	$	267	$	906	$	787
Intangible asset and other amortization		99		71		358		214
Total depreciation and amortization expense	$	438	$	338	$	1,264	$	1,001

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 nine month period ended May 31, 2015 includes 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 fair value adjustment.