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Property and Equipment, Net
 12 Months Ended
Feb. 03, 2018
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 February 3, 2018 and January 28, 2017:
 
 
February 3,
2018
 
January 28,
2017
 
(in millions)
Land and Improvements
$
116

 
$
113

Buildings and Improvements
484

 
476

Furniture, Fixtures, Software and Equipment
3,757

 
3,560

Leasehold Improvements
2,251

 
2,044

Construction in Progress
79

 
89

Total
6,687

 
6,282

Accumulated Depreciation and Amortization
(3,794
)
 
(3,541
)
Property and Equipment, Net
$
2,893

 
$
2,741



Depreciation expense was $571 million in 2017, $518 million in 2016 and $457 million in 2015.
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."