Acquisition (Tables)

9 Months Ended

Oct. 28, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, Preliminary Purchase Price Allocation

The following is a preliminary purchase price allocation of assets acquired and liabilities assumed as of December 30, 2022 related to the Adore Me acquisition:

	Initial Allocation		Measurement Period Adjustments		Adjusted Allocation
	(in millions)
Accounts Receivable	$	1	$	(1)	$	—
Inventories	105		—		105
Other Current Assets	7		—		7
Property and Equipment, Net	12		—		12
Operating Lease Assets	5		—		5
Goodwill	365		—		365
Trade Name	43		—		43
Other Intangible Assets	137		—		137
Other Assets	1		—		1
Accounts Payable	17		—		17
Accrued Expenses and Other	88		(2)		86
Current Operating Lease Liabilities	2		—		2
Deferred Income Tax Liabilities	21		2		23
Long-term Operating Lease Liabilities	3		—		3
Other Long-term Liabilities	8		—		8
Net Assets Acquired and Liabilities Assumed	$	537	$	(1)	$	536

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

The following table represents the definite-lived intangible assets acquired, the preliminary fair values and respective useful lives:

	Useful Life	Preliminary Fair Value
		(in millions)
Customer Relationships	7 years	$	81
Developed Technology	6 years	56
Trade Name	10 years	43
Total Definite-Lived Intangible Assets		$	180