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PROPERTY AND EQUIPMENT (Tables)
12 Months Ended
Dec. 25, 2021
Schedule of Property and Equipment

Property and equipment consists of:

 

 

 

December 25,

 

 

December 26,

 

(In millions)

 

2021

 

 

2020

 

Land

 

$

45

 

 

$

45

 

Buildings

 

 

200

 

 

 

210

 

Computer software

 

 

693

 

 

 

659

 

Leasehold improvements

 

 

587

 

 

 

598

 

Furniture, fixtures and equipment

 

 

775

 

 

 

784

 

Construction in progress

 

 

12

 

 

 

22

 

 

 

 

2,312

 

 

 

2,318

 

Less accumulated depreciation

 

 

(1,835

)

 

 

(1,776

)

Total

 

$

477

 

 

$

542

 

 

Estimated Future Amortization Expense for Intangible Assets

Estimated future amortization expense related to capitalized software at December 25, 2021 is as follows:

 

(In millions)

 

2022

 

$

38

 

2023

 

 

31

 

2024

 

 

23

 

2025

 

 

16

 

2026

 

 

7

 

Thereafter

 

 

 

 

Assets Held Under Finance Leases  
Schedule of Property and Equipment

The above table of property and equipment includes assets held under finance leases as follows:

 

 

 

December 25,

 

 

December 26,

 

(In millions)

 

2021

 

 

2020

 

Buildings

 

$

19

 

 

$

34

 

Furniture, fixtures and equipment

 

 

143

 

 

 

147

 

 

 

 

162

 

 

 

181

 

Less accumulated depreciation

 

 

(123

)

 

 

(122

)

Total

 

$

39

 

 

$

59