PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Jan. 28, 2023

PROPERTY, PLANT AND EQUIPMENT, NET

PROPERTY, PLANT AND EQUIPMENT, NET

3. PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net consists of:

	2022		2021
Land	$	3,442	$	3,395
Buildings and land improvements		14,539		13,996
Equipment		17,328		15,951
Leasehold improvements		11,435		10,775
Construction-in-progress		4,044		3,831
Leased property under finance leases		2,580		1,939
Total property, plant and equipment		53,368		49,887
Accumulated depreciation and amortization		(28,642)		(26,098)
Property, plant and equipment, net	$	24,726	$	23,789

Accumulated depreciation and amortization for leased property under finance leases was $562 at January 28, 2023 and $414 at January 29, 2022.

Approximately $124 and $136, net book value, of property, plant and equipment collateralized certain mortgages at January 28, 2023 and January 29, 2022, respectively.

Capitalized implementation costs associated with cloud computing arrangements of $193, net of accumulated amortization of $36, and $151, net of accumulated amortization of $15, are included in “Other assets” in the Company’s Consolidated Balance Sheets as of January 28, 2023 and January 29, 2022, respectively. The corresponding cash flows related to these arrangements are included in “Net cash provided by operating activities” in the Company’s Consolidated Statements of Cash Flows.