Property and Accumulated Depreciation

12 Months Ended

Jan. 31, 2020

Property, Plant and Equipment [Abstract]

Property is summarized by major class in the following table:



(In millions)	Estimated Depreciable Lives, In Years	January 31, 2020			February 1, 2019
Cost:
Land	N/A	$	7,200		$	7,196
Buildings and building improvements	5-40	17,862			18,052
Equipment	2-15	10,377			10,090
Construction in progress	N/A	506			525
Total cost		35,945			35,863
Accumulated depreciation		(17,276		)	(17,431		)
Property, less accumulated depreciation		$	18,669		$	18,432

As of January 31, 2020, subsequent to the adoption of ASU 2016-02, Leases (Topic 842), included in net property are assets under finance lease of $597 million less accumulated depreciation of $42 million. As of February 1, 2019, included in net property are assets under capital lease of $665 million less accumulated depreciation of $244 million. The related amortization expense for assets under finance and capital leases are included in depreciation expense. The Company recognized depreciation expense, inclusive of amounts presented in cost of sales and depreciation and amortization, of $1.4 billion in 2019 and $1.6 billion in 2018 and $1.5 billion in 2017.