Amendment No. 3 to Form S-1 Table of Contents AB ACQUISITION LLC AND SUBSIDIARIES Notes to Consolidated Financial Statements were reported as Income from discontinued operations, net of tax. The notes to the consolidated financial statements exclude discontinued operations for all prior periods, unless otherwise noted. The results of discontinued operations are summarized as follows (in millions): Net sales Income from discontinued operations, net of tax Note 4—Property and Equipment Property and equipment consisted of the following (in millions): Fiscal 2013 $ 52.7 $ 19.5 Fiscal 2012 $ 55.0 $ 49.2 February 28, 2015 February 20, 2014 Land $ 2,951.1 $ 1,134.5 Buildings 5,464.8 2,464.2 Property under construction 233.6 50.7 Leasehold improvements 1,023.7 155.0 Fixtures and equipment 2,551.3 920.3 Buildings under capital leases 872.0 440.4 Total property and equipment 13,096.5 5,165.1 Accumulated depreciation and accumulated amortization of capitalized lease assets (1,072.3) (618.4) Total property and equipment, net $ 12,024.2 4,546.7 Depreciation expense was $523.1 million, $526.1 million and $15.5 million for fiscal 2014, 2013 and 2012, respectively. Amortization expense related to capitalized lease assets was $45.5 million and $35.8 million in fiscal 2014 and 2013, respectively. Amortization expense related to capitalized lease assets in fiscal 2012 was not material. Fixed asset impairment charges of $227.7 million, $2.0 million and $1.8 million were recorded as a component of Selling and administrative expenses in fiscal 2014, 2013 and 2012, respectively. Fiscal 2014 impairment losses related primarily to the divestiture of the Albertsons stores. Note 5—Goodwill and Intangible Assets The following table summarizes the changes in the Company's goodwill balances (in millions): February 28, 2015 February 20, 2014 Balance at beginning of year 71.4 3.5 Activity during the year 957.2 67.9 Balance at end