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Intangible Assets
 12 Months Ended
Jan. 28, 2023
Goodwill, Trade Names and Other Intangible Assets, Net [Abstract]  
Intangible Assets Intangible Assets
Goodwill
The Company's goodwill was $365 million as of January 28, 2023, which was established as a result of the acquisition of Adore Me on December 30, 2022. For additional information, see Note 2, “Acquisition.” The Company did not have any goodwill as of January 29, 2022 and January 30, 2021, respectively.
Trade Name - Indefinite-Lived
The Victoria's Secret trade name, an indefinite-lived intangible asset, was $246 million as of January 28, 2023 and January 29, 2022, respectively.
As of the end of 2022 and 2021, the Company performed its annual impairment assessment of the Victoria's Secret trade name. To estimate the fair value of the trade name, the Company used the relief from royalty method under the income approach. The assessments concluded that the fair value of the trade name was in excess of its carrying value.
Definite-Lived Intangible Assets
The Company's definite-lived intangible assets were established as a result of the acquisition of Adore Me. Prior to the acquisition of Adore Me on December 30, 2022, the Company did not have any definite-lived intangible assets.
The following table provides details of the gross carrying amounts of the Company's definite-lived intangible assets as of January 28, 2023:
January 28,
2023
(in millions)
Customer Relationships
$81 
Developed Technology
56 
Adore Me Trade Name43 
Total Definite-Lived Intangible Assets$180 
Due to the timing of the acquisition date and the Company consolidating Adore Me's financial information on an approximate one-month reporting lag, there was no amortization expense recorded related to these definite-lived intangible assets in 2022, 2021 or 2020.
Definite-lived intangible assets are evaluated for impairment whenever events or circumstances indicate that a certain asset or asset group may be impaired.
The estimated future annual amortization expense is $25 million for each of the next five fiscal years for definite-lived intangible assets recorded as of January 28, 2023.