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PROPERTY AND EQUIPMENT, NET
 12 Months Ended
Aug. 03, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET
NOTE 5—PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:
(in millions)Original
Estimated
Useful Lives		20242023
Land $123 $136 
Buildings and improvements
10 - 40 years
1,034 1,024 
Leasehold improvements
10 - 20 years
303 284 
Equipment
3 - 25 years
1,477 1,280 
Motor vehicles
5 - 8 years
50 56 
Finance lease assets
1 - 9 years
51 48 
Construction in progress 215 186 
Property and equipment 3,253 3,014 
Less accumulated depreciation and amortization 1,433 1,247 
Property and equipment, net $1,820 $1,767 

The Company capitalized $11 million, $5 million and $4 million of interest during fiscal 2024, 2023 and 2022, respectively.

Depreciation and amortization expense on property and equipment was $247 million, $232 million and $213 million for fiscal 2024, 2023 and 2022, respectively.
In fiscal 2024, the Company determined that it was more likely than not that it would dispose of one of its corporate-owned office locations before the end of its previously estimated useful life. As a result, the Company conducted an impairment review and recorded a $21 million non-cash asset impairment charge in fiscal 2024. The fair value utilized in the Company’s impairment review was determined based on the market approach. The impairment charge is recorded within Loss (gain) on sale of assets and other asset charges in the Consolidated Statements of Operations. In the fourth quarter of fiscal 2024, the Company sold certain long-lived assets related to this corporate-owned office location for an amount that approximated its net book value at the time of the sale.

During the fourth quarter of fiscal 2024, the Company recorded a $15 million non-cash impairment charge related to the decision to close certain leased and owned distribution center locations. During the third quarter of fiscal 2024, the Company recorded a $7 million non-cash asset impairment charge related to the decision to close certain retail store locations. The impairment charges are recorded within Loss (gain) on sale of assets and other asset charges in the Consolidated Statements of Operations. There were no property and equipment impairment charges recorded for fiscal 2023 or 2022.