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Long-Lived Assets
3 Months Ended
May 01, 2021
Property, Plant and Equipment [Abstract]  
Long-Lived Assets Long-Lived Assets
The following table provides details of property and equipment, net as of May 1, 2021, January 30, 2021 and May 2, 2020:
May 1,
2021
January 30,
2021
May 2,
2020
(in millions)
Property and Equipment, at Cost$6,189 $6,204 $6,177 
Accumulated Depreciation and Amortization(4,159)(4,109)(3,878)
Property and Equipment, Net$2,030 $2,095 $2,299 

Depreciation expense was $129 million and $139 million for the first quarter of 2021 and 2020, respectively.
During the first quarter of 2020, the Company recorded pre-tax store asset impairment charges of $97 million as a result of the Victoria's Secret fleet rationalization executed during 2020 and the negative operating results of certain Victoria's Secret stores. These impairment charges are included in the Victoria's Secret segment and in Costs of Goods Sold, Buying and Occupancy in the 2020 Consolidated Statement of Loss