Quarterly report pursuant to Section 13 or 15(d)

9. Property and Equipment

v3.19.2
9. Property and Equipment
 6 Months Ended
Jun. 29, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 9:       Property and Equipment

 

Property and equipment as of June 29, 2019 and December 29, 2018 consist of the following:

 

    Useful Life (Years)   June 29, 2019     December 29, 2018  
Buildings and improvements   18-30   $ 68     $ 67  
Equipment (including computer software)   3-15     6,267       6,049  
Projects under construction         125       58  
Property and equipment         6,460       6,174  
Less accumulated depreciation and amortization         (5,720 )     (5,557 )
Total property and equipment, net       $ 740     $ 617  

 

Property and equipment are stated at cost. We compute depreciation using straight-line method over a range of estimated useful lives from 3 to 30 years. We amortize leasehold improvements on a straight-line basis over the shorter of their estimated useful lives or the underlying lease term. Repair and maintenance costs are charged to operations as incurred.

 

Depreciation expense was $24 and $59 for the 13 weeks ended June 29, 2019 and June 30, 2018, respectively. Depreciation expense was $104 and $120 for the 26 weeks ended June 29, 2019 and June 30, 2018, respectively.