ACQUISITIONS	12 Months Ended
Feb. 03, 2019
ACQUISITIONS
ACQUISITION	NOTE 2—ACQUISITIONS The Company enters into strategic acquisitions from time to time to expand into new markets, new platforms, and new geographies in an effort to better service existing customers and attract new ones. In accordance with the acquisition method of accounting under ASC 805, Business Combinations, the results of the acquisitions are reflected in the Company’s consolidated financial statements from the date of acquisition forward. On March 5, 2018, the Company completed the acquisition of A.H. Harris Construction Supplies (“A.H. Harris”) for a purchase price of approximately $362 million, net of cash acquired and subject to final working capital adjustment. A.H. Harris is a leading specialty construction distributor serving the northeast and mid-Atlantic regions. This acquisition expands Construction & Industrial’s market presence in the northeastern United States. In accordance with ASC 805, the Company recorded the following assets and liabilities at fair value as of the date of the A.H. Harris acquisition: $183 million in goodwill, $123 million in definite-lived intangible assets, $12 million in property & equipment, $53 million in net working capital, and $10 million in deferred tax liabilities. The total amount of goodwill expected to be deductible for tax purposes is $19 million. The definite-lived intangible assets are comprised of $110 million in customer relationships and $13 million of trade names that will be amortized over periods of 12 years and 5 years, respectively. From March 5, 2018 to February 3, 2019, A.H. Harris generated approximately $364 million in Net sales. During fiscal 2018, the Company incurred approximately $6 million of costs related to the acquisition and integration of A.H. Harris.

NOTE 2—ACQUISITIONS

The Company enters into strategic acquisitions from time to time to expand into new markets, new platforms, and new geographies in an effort to better service existing customers and attract new ones. In accordance with the acquisition method of accounting under ASC 805, Business Combinations, the results of the acquisitions are reflected in the Company’s consolidated financial statements from the date of acquisition forward.

On March 5, 2018, the Company completed the acquisition of A.H. Harris Construction Supplies (“A.H. Harris”) for a purchase price of approximately $362 million, net of cash acquired and subject to final working capital adjustment. A.H. Harris is a leading specialty construction distributor serving the northeast and mid-Atlantic regions. This acquisition expands Construction & Industrial’s market presence in the northeastern United States.

In accordance with ASC 805, the Company recorded the following assets and liabilities at fair value as of the date of the A.H. Harris acquisition: $183 million in goodwill, $123 million in definite-lived intangible assets, $12 million in property & equipment, $53 million in net working capital, and $10 million in deferred tax liabilities. The total amount of goodwill expected to be deductible for tax purposes is $19 million. The definite-lived intangible assets are comprised of $110 million in customer relationships and $13 million of trade names that will be amortized over periods of 12 years and 5 years, respectively.

From March 5, 2018 to February 3, 2019, A.H. Harris generated approximately $364 million in Net sales. During fiscal 2018, the Company incurred approximately $6 million of costs related to the acquisition and integration of A.H. Harris.