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PROPERTY AND EQUIPMENT
12 Months Ended
Feb. 28, 2026
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT PROPERTY AND EQUIPMENT
Property and equipment, net consisted of the following (in millions):
February 28,
2026
February 22,
2025
Land$2,063.6 $2,094.6 
Buildings6,049.0 5,787.7 
Property under construction867.3 815.9 
Leasehold improvements3,079.4 2,861.1 
Fixtures and equipment9,894.2 8,948.0 
Property and equipment under finance leases571.4 617.9 
Total property and equipment22,524.9 21,125.2 
Accumulated depreciation and amortization(12,621.2)(11,314.2)
Total property and equipment, net$9,903.7 $9,811.0 

Depreciation expense was $1,446.0 million, $1,353.7 million and $1,334.1 million for fiscal 2025, fiscal 2024 and fiscal 2023, respectively. Amortization expense related to finance lease assets was $40.6 million, $45.8 million and $51.7 million in fiscal 2025, fiscal 2024 and fiscal 2023, respectively. Fixed asset impairment losses of $22.1 million, $83.6 million and $0.9 million were recorded as a component of (Gain) loss on property dispositions and impairment losses, net in fiscal 2025, fiscal 2024 and fiscal 2023, respectively.

During fiscal 2025 and fiscal 2024, the Company identified certain stores with carrying values that exceeded their undiscounted cash flows, and recorded retail store impairment losses of $22.1 million and $53.9 million, respectively. During fiscal 2024, the Company also recorded impairment losses of $29.7 million primarily related to equipment from the closing of its micro-fulfillment centers.