Acquisitions (Tables)

12 Months Ended

Jan. 29, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Allocation of Transaction Price to the Fair Value of Identifiable Assets Acquired and Liabilities Assumed

	L&M Acquisition		Pacific Pipe Acquisition		R&B Acquisition
Cash	$	—	$	2	$	3
Accounts receivable	7		10		25
Inventories	16		17		20
Intangible assets	19		47		114
Goodwill	18		41		89
Operating lease right-of-use assets	2		17		9
Other assets, current and non-current	5		6		11
Total assets acquired	67		140		271
Accounts payable	3		5		18
Deferred income taxes	—		12		31
Operating lease liabilities	2		17		9
Other liabilities, current and non-current	—		—		4
Net assets acquired	$	62	$	106	$	209

Schedule of Reconciliation of Total Consideration to Net Assets Acquired

The following reconciles the total consideration to net assets acquired:

	L&M Acquisition		Pacific Pipe Acquisition		R&B Acquisition
Total consideration, net of cash	$	62	$	104	$	207
Less: Working capital adjustment	—		—		(1)
Plus: Cash acquired in acquisition	—		2		3
Net assets acquired; investing cash outflow	$	62	$	106	$	209

Schedule of Pro Forma Information

The following pro forma information has been prepared for comparative purposes only and is not necessarily indicative of the results of operations as they would have been had the acquisitions occurred on the assumed dates, nor is it necessarily an indication of future operating results. In addition, the pro forma information does not reflect the cost of any integration activities, benefits from any synergies that may be derived from the acquisitions or revenue growth that may be anticipated.

	Fiscal Years Ended
	January 30, 2022		January 31, 2021
Net sales	$	5,081	$	3,793
Net income	$	235	$	37

Schedule of Intangible Assets Acquired and Assumptions Utilized in the Valuation

A summary of the intangible assets acquired and assumptions utilized in the valuation, for the acquisitions is as follows:

	Intangible Asset Amount		Amortization Period	Discount Rate		Attrition Rate
L&M Acquisition
Customer relationships	$	19	10 years	15.5	%	15.0	%
Pacific Pipe Acquisition
Customer relationships	46		10 years	11.5	%	10.0	%
Trademark	1		2 years	11.5	%	N/A
R&B Acquisition
Customer relationships	114		15 years	10.0	%	7.5	%