Property and equipment consisted of the following as of the dates presented:
February 3, 2026February 4, 2025
Land (1)
$78.5 $71.4 
Buildings and leasehold improvements (1)
1,637.3 1,488.7 
Property under finance lease (2)
28.9 — 
Furniture, fixtures and equipment892.8 816.6 
Games621.9 472.8 
Construction in progress131.9 188.2 
Total cost3,391.3 3,037.7 
Accumulated depreciation(1,672.3)(1,403.1)
Property and equipment, net$1,719.0 $1,634.6 
(1)Balances as of February 3, 2026 for land of $76.0 and buildings and leasehold improvements of $160.9 related to sale leaseback transactions. Balances as of February 4, 2025 for land of $38.7 and buildings and leasehold improvements of $131.6 related to sale leaseback transactions. See discussion of sale leaseback transactions at Note 8.
(2)Balances include land and buildings subject to finance leases. See Note 8 for discussion of finance leases.
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Historical Timeline

Fiscal YearFiled
2026Mar 31, 2026Showing above
2025Apr 7, 2025
2024Apr 2, 2024
2023Mar 28, 2023
2022Mar 29, 2022
2021Mar 31, 2021
2020Apr 3, 2020
2019Apr 2, 2019
2018Apr 3, 2018
2017Mar 28, 2017
2016Mar 29, 2016

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.