Property and Accumulated Depreciation

12 Months Ended

Jan. 29, 2016

Property and Accumulated Depreciation

Property and Accumulated Depreciation

NOTE 3: Property and Accumulated Depreciation

Property is summarized by major class in the following table:

(In millions)	Estimated Depreciable Lives, In Years	January 29, 2016			January 30, 2015
Cost:
Land	N/A	$	7,086		$	7,040
Buildings and building improvements	5-40	17,451			17,247
Equipment	2-15	10,863			10,426
Construction in progress	N/A	513			730
Total cost		35,913			35,443
Accumulated depreciation		(16,336		)	(15,409		)
Property, less accumulated depreciation		$	19,577		$	20,034

Included in net property are assets under capital lease of $617 million, less accumulated depreciation of $400 million, at January 29, 2016, and $744 million, less accumulated depreciation of $494 million, at January 30, 2015.  The related amortization expense for assets under capital lease is included in depreciation expense.