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Property and Equipment, Net
 12 Months Ended
Jan. 28, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
Property and Equipment, Net
The following table provides details of property and equipment, net as of January 28, 2017 and January 30, 2016:
 
 
January 28,
2017
 
January 30,
2016
 
(in millions)
Land and Improvements
$
113

 
$
108

Buildings and Improvements
476

 
460

Furniture, Fixtures, Software and Equipment
3,560

 
3,181

Leasehold Improvements
2,044

 
1,809

Construction in Progress
89

 
81

Total
6,282

 
5,639

Accumulated Depreciation and Amortization
(3,541
)
 
(3,309
)
Property and Equipment, Net
$
2,741

 
$
2,330



Depreciation expense was $518 million in 2016, $457 million in 2015 and $438 million in 2014.
In 2016 and 2015, the Company completed sale and leaseback transactions under noncancellable operating leases of certain assets. The carrying value of assets sold under these arrangements was $51 million and $177 million for 2016 and 2015, respectively. Proceeds of $51 million and $178 million are included in Proceeds from Sale of Assets within the Investing Activities section of the Consolidated Statements of Cash Flows. For additional information, see Note 17, "Commitments and Contingencies."