v3.23.1
Property and Equipment
12 Months Ended
Jan. 28, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
The following table presents property and equipment, net:
Estimated Useful Lives (Years)January 28, 2023January 29, 2022
LandN/A$0.6 $4.2 
Buildings and leasehold improvements
1-10
437.3 457.8 
Fixtures and equipment
3-10
380.1 431.2 
Software and hardware3306.3 291.2 
Construction-in-progress
3-10
19.0 9.0 
Total property and equipment1,143.3 1,193.4 
Accumulated depreciation(1,006.8)(1,029.8)
Property and equipment, net$136.5 $163.6 
Our total depreciation expense was $60.3 million, $73.6 million and $76.8 million for fiscal 2022, 2021 and 2020, respectively in SG&A expenses in our Consolidated Statements of Operations.
Assets Held-for-Sale
On June 5, 2020, we sold our corporate aircraft, that was previously classified as held-for-sale, with net cash proceeds from the sale totaling $8.6 million, net of costs to sell. We recognized impairment charges of $3.2 million on our corporate aircraft in fiscal 2020.
During the fourth quarter of fiscal 2022, we committed to a plan to sell property in our Europe Segment consisting of a warehouse building and land with a total carrying value of €6.3 million, or $6.8 million. There were no impairment charges recognized as the estimated fair value of the asset group exceeded its carrying value. The building and land were classified as assets held for sale in other noncurrent assets on our Consolidated Balance Sheets as of January 28, 2023.