Property and Equipment

12 Months Ended

Jan. 02, 2021

Property, Plant and Equipment [Abstract]

Property and equipment as of January 2, 2021 and December 28, 2019 consisted of the following:


	January 2, 2021		December 28, 2019		Range of Useful Lives
Land	$	365	$	378
Buildings and building improvements	1,471		1,411		10–40 years
Transportation equipment	1,181		1,137		5–10 years
Warehouse equipment	501		481		5–12 years
Office equipment, furniture and software	961		867		3–7 years
Construction in process	108		99
	4,587		4,373
Less accumulated depreciation and amortization	(2,566)		(2,298)
Property and equipment—net	$	2,021	$	2,075

Transportation equipment included $530 million and $572 million of financing lease assets as of January 2, 2021 and December 28, 2019, respectively. Buildings and building improvements included $30 million of financing lease assets as of both January 2, 2021 and December 28, 2019. Accumulated amortization of financing lease assets was $244 million and $269 million as of January 2, 2021 and December 28, 2019, respectively. Interest capitalized was not material in both fiscal years 2020 and 2019.

Depreciation and amortization expense of property and equipment, including amortization of financing lease assets, was $343 million, $311 million and $300 million for fiscal years 2020, 2019 and 2018, respectively.