Property and equipment as of December 27, 2025 and December 28, 2024 consisted of the following:
December 27, 2025December 28, 2024
Range of
Useful Lives
Land$409 $409 
Buildings and building improvements1,911 1,818 
5–40 years
Transportation equipment1,701 1,610 
5–10 years
Warehouse equipment704 609 
5–12 years
Office equipment, furniture and software1,154 1,100 
3–7 years
Construction in process208 155 
6,087 5,701 
Less accumulated depreciation and amortization(3,406)(3,303)
Property and equipment—net$2,681 $2,398 

Historical Timeline

Fiscal YearFiled
2025Feb 12, 2026Showing above
2024Feb 13, 2025
2023Feb 15, 2024
2022Feb 17, 2022
2021Feb 16, 2021
2019Feb 13, 2020
2018Feb 14, 2019
2017Feb 27, 2018

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.