Business Overview and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 29, 2021

Accounting Policies [Abstract]

Schedule of Restricted Cash

The following table

provides a reconciliation of cash, cash equivalents and restricted cash to amounts reported within the consolidated balance sheets for the periods presented:

	January 29, 2021		January 31, 2020
	(in millions)
Cash and cash equivalents	$	171	$	188
Restricted cash included in other current assets	5		4
Restricted cash included in other assets	14		10
Cash, cash equivalents and restricted cash	$	190	$	202

Schedule of Cash and Cash Equivalents

The following table

provides a reconciliation of cash, cash equivalents and restricted cash to amounts reported within the consolidated balance sheets for the periods presented:

	January 29, 2021		January 31, 2020
	(in millions)
Cash and cash equivalents	$	171	$	188
Restricted cash included in other current assets	5		4
Restricted cash included in other assets	14		10
Cash, cash equivalents and restricted cash	$	190	$	202

Business Combination, Separately Recognized Transactions

The amounts recognized in acquisition and integration costs on the consolidated statements of income are as follows:

	Year Ended
	January 29, 2021		January 31, 2020		February 1, 2019
	(in millions)
Acquisition(1)	$	20	$	2	$	31
Integration(2)(3)	34		46		55
Total acquisition and integration costs	$	54	$	48	$	86

(1)    Acquisition expenses recognized for the twelve months ended January 29, 2021, and January 31, 2020 are related to the acquisition of Unisys Federal. Acquisition expenses recognized for the twelve months ended February 1, 2019 are related to the acquisition of Engility. See Note 4 for additional information related to the acquisitions.

(2)    Integration expenses for the twelve months ended January 29, 2021, include an $11 million loss associated with the divestiture of non-strategic international operations.

(3)    Includes $6 million, $16 million, and $29 million of restructuring costs for the year ended January 29, 2021, January 31, 2020, and February 1, 2019, respectively, and $1 million and $5 million of impairment of right of use lease assets for fiscal 2021 and fiscal 2020, respectively. See Note 5 for additional information related to restructuring costs and impairments.

The purchase consideration for the acquisition of Engility was as follows:

	(in millions)
Common stock issued to Engility shareholders(1)	$	1,086
Converted vesting stock awards assumed(2)	22
Cash consideration paid to extinguish Engility outstanding debt	1,052
Purchase price	$	2,160

(1)    Represents approximately 16.8 million new shares of SAIC common stock issued to Engility shareholders prior to the market opening on January 14, 2019, using the SAIC share price of $65.03 at the close of business on January 11, 2019.

(2)    Represents the fair value of the converted vesting stock awards assumed attributable to pre-acquisition service. See Note 8.