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PROPERTY AND EQUIPMENT
12 Months Ended
Feb. 26, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT PROPERTY AND EQUIPMENT
Property and equipment, net consisted of the following (in millions):
February 26,
2022
February 27,
2021
Land$2,124.0 $2,096.8 
Buildings5,211.3 4,880.6 
Property under construction661.0 938.9 
Leasehold improvements2,176.1 1,887.1 
Fixtures and equipment7,542.0 6,630.5 
Property and equipment under finance leases750.0 755.0 
Total property and equipment18,464.4 17,188.9 
Accumulated depreciation and amortization
(9,114.8)(7,776.2)
Total property and equipment, net$9,349.6 $9,412.7 

Depreciation expense was $1,392.0 million, $1,297.7 million and $1,244.7 million for fiscal 2021, fiscal 2020 and fiscal 2019, respectively. Amortization expense related to finance lease assets was $63.8 million, $67.4 million and $90.2 million in fiscal 2021, fiscal 2020 and fiscal 2019, respectively. Fixed asset impairment losses of $2.6 million, $8.0 million and $21.8 million were recorded as a component of Gain on property dispositions and impairment losses, net in fiscal 2021, fiscal 2020 and fiscal 2019, respectively. The impairment losses primarily relate to assets
in underperforming stores, certain surplus properties and fiscal 2019 also includes certain leasehold interests and equipment related to the Plated meal kit subscription and delivery business.