Property and Equipment

12 Months Ended

Dec. 30, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment

PROPERTY AND EQUIPMENT

Property and equipment as of December 30, 2023 and December 31, 2022 consisted of the following:

	December 30, 2023		December 31, 2022		Range of Useful Lives
Land	$	401	$	397
Buildings and building improvements	1,772		1,713		5–40 years
Transportation equipment	1,461		1,340		5–10 years
Warehouse equipment	597		569		5–12 years
Office equipment, furniture and software	1,169		1,056		3–7 years
Construction in process	99		77
	5,499		5,152
Less accumulated depreciation and amortization	(3,219)		(2,981)
Property and equipment—net	$	2,280	$	2,171

Transportation equipment included $594 million and $575 million of financing lease assets as of December 30, 2023 and December 31, 2022, respectively. Office equipment, furniture and software included $5 million of financing lease assets as of both December 30, 2023 and December 31, 2022. Buildings and building improvements included $148 million and $78 million of financing lease assets as of December 30, 2023 and December 31, 2022, respectively. Accumulated amortization of financing lease assets was $297 million and $263 million as of December 30, 2023 and December 31, 2022, respectively. Interest capitalized was not material in both fiscal years 2023 and 2022.

Depreciation and amortization expense of property and equipment, including amortization of financing lease assets, was $349 million, $327 million and $323 million for fiscal years 2023, 2022 and 2021, respectively.