Kroger 2015 Annual Report Download - page 120
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A-46
The following table summarizes the Company’s intangible assets balance through January 30, 2016.
2015 2014
Gross
carrying
amount
Accumulated
amortization (1)
Gross
carrying
amount
Accumulated
amortization (1)
Definite-lived favorable leasehold interests $ 169 $ (31) $101 $(26)
Definite-lived pharmacy prescription files 127 (40) 98 (41)
Definite-lived customer relationships 93 (39) 87 (17)
Definite-lived other 78 (23) 74 (13)
Indefinite-lived trade name 641 — 430 —
Indefinite-lived liquor licenses 78 — 64 —
Total $1,186 $(133) $854 $ (97)
(1) Favorable leasehold interests are amortized to rent expense, pharmacy prescription files are
amortized to merchandise costs, customer relationships are amortized to depreciation and
amortization expense and other intangibles are amortized to operating, general and administrative
(“OG&A”) expense and depreciation and amortization expense.
Amortization expense associated with intangible assets totaled approximately $51, $41 and
$18, during fiscal years 2015, 2014 and 2013, respectively. Future amortization expense associated with
the net carrying amount of definite-lived intangible assets for the years subsequent to 2015 is estimated
to be approximately:
2016 $ 57
2017 48
2018 42
2019 40
2020 35
Thereafter 112
Total future estimated amortization associated
with definite-lived intangible assets $334
4. PROPERTY, PLANT AND EQUIPMENT, NET
Property, plant and equipment, net consists of:
2015 2014
Land $ 2,997 $ 2,819
Buildings and land improvements 10,524 9,639
Equipment 12,520 11,587
Leasehold improvements 8,710 8,068
Construction-in-progress 2,115 1,690
Leased property under capital leases and financing obligations 801 737
Total property, plant and equipment 37,667 34,540
Accumulated depreciation and amortization (18,048) (16,628)
Property, plant and equipment, net $ 19,619 $ 17,912
Accumulated depreciation and amortization for leased property under capital leases was $293 at
January 30, 2016 and $332 at January 31, 2015.