PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Feb. 01, 2025

PROPERTY, PLANT AND EQUIPMENT, NET

PROPERTY, PLANT AND EQUIPMENT, NET

3. PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net consists of:

	2024		2023
Land	$	3,609	$	3,512
Buildings and land improvements		16,100		15,137
Equipment		21,082		19,375
Leasehold improvements		13,287		12,394
Construction-in-progress		3,162		3,574
Leased property under finance leases		2,832		2,701
Total property, plant and equipment		60,072		56,693
Accumulated depreciation and amortization		(34,369)		(31,463)
Property, plant and equipment, net	$	25,703	$	25,230

Accumulated depreciation and amortization for leased property under finance leases was $915 at February 1, 2025 and $730 at February 3, 2024.

Approximately $97 and $104 net book value of property, plant and equipment collateralized certain mortgages at February 1, 2025 and February 3, 2024 respectively.

Capitalized implementation costs associated with cloud computing arrangements of $270, net of accumulated amortization of $97, and $257, net of accumulated amortization of $65, are included in “Other assets” in the Company’s Consolidated Balance Sheets as of February 1, 2025 and February 3, 2024, 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.