PROPERTY AND EQUIPMENT

12 Months Ended

Feb. 24, 2024

Property, Plant and Equipment [Abstract]

Property and equipment, net consisted of the following (in millions):


	February 24, 2024		February 25, 2023
Land	$	2,118.9	$	2,114.6
Buildings	5,537.7		5,366.0
Property under construction	692.4		849.2
Leasehold improvements	2,699.0		2,353.7
Fixtures and equipment	8,792.1		8,056.5
Property and equipment under finance leases	679.3		708.3
Total property and equipment	20,519.4		19,448.3

Accumulated depreciation and amortization	(10,949.1)		(10,089.6)
Total property and equipment, net	$	9,570.3	$	9,358.7

Depreciation expense was $1,334.1 million, $1,433.1 million and $1,392.0 million for fiscal 2023, fiscal 2022 and fiscal 2021, respectively. Amortization expense related to finance lease assets was $51.7 million, $55.5 million and $63.8 million in fiscal 2023, fiscal 2022 and fiscal 2021, respectively. Fixed asset impairment losses of $0.9 million, $5.1 million and $2.6 million were recorded as a component of Loss (gain) on property dispositions and impairment losses, net in fiscal 2023, fiscal 2022 and fiscal 2021, respectively.