v3.26.1
Property at Cost
3 Months Ended
May 02, 2026
Property, Plant and Equipment [Abstract]  
Property at Cost Property at Cost
The following table presents the components of property at cost:
In millionsMay 2,
2026
January 31,
2026
May 3,
2025
Land and buildings
$2,969 $2,822 $2,603 
Leasehold costs and improvements
5,587 5,466 4,944 
Furniture, fixtures and equipment9,686 9,519 8,992 
Total property at cost$18,242 $17,807 $16,539 
Less: accumulated depreciation and amortization
9,795 9,587 8,985 
Net property at cost$8,447 $8,220 $7,554 
Depreciation expense was $335 million and $295 million for the three months ended May 2, 2026 and May 3, 2025, respectively.
Non-cash investing activities consist of accrued capital additions of $214 million and $166 million as of the periods ended May 2, 2026 and May 3, 2025, respectively.