Dollar Tree 2012 Annual Report Download - page 38

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Notes to Consolidated Financial Statements
NOTE 2—BALANCE SHEET COMPONENTS
Property, Plant and Equipment, Net
Property,plantandequipment,net,asofFebruary2,2013andJanuary28,2012consistsofthefollowing:
(in millions) February 2, 2013 January28,2012
Land $ 51.4  $ 38.2
Buildings 223.9  209.8
Leasehold improvements 876.2   783.6
Furniture,xturesandequipment 1,174.5  1,075.5
Construction in progress 107.9  48.7
To tal property, plant and equipment 2,433.9  2,155.8
Less: accumulated depreciation 1,473.2  1,330.5
To tal property, plant and equipment, net $ 960.7 $ 825.3
Depreciationexpensewas$175.4million,$164.2millionand$159.7millionfortheyearsendedFebruary2,2013,
January28,2012,andJanuary29,2011,respectively.
Other Current Liabilities
OthercurrentliabilitiesasofFebruary2,2013andJanuary28,2012consistofaccruedexpensesforthefollowing:
(in millions) February 2, 2013 January28,2012
Compensationandbenets $ 99.1  $ 81.2
Taxes(otherthanincometaxes) 31.8  33.6
Insurance 33.0  31.2
Other 71.9  69.5
To tal other current liabilities $ 235.8  $ 215.5
Other Long-Term Liabilities
Otherlong-termliabilitiesasofFebruary2,2013andJanuary28,2012consistofthefollowing:
(in millions) February 2, 2013 January28,2012
Deferred rent $ 83.0 $ 77.9
Insurance 51.3  48.9
Other 11.6  10.7
To tal other long-term liabilities $ 145.9  $ 137.5
36 Dollar Tree, Inc.