Acquisitions (Tables)

9 Months Ended

Oct. 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

The following table represents the preliminary allocation of the transaction price to the fair value of identifiable assets acquired and liabilities assumed in the Fiscal 2023 Acquisitions and final allocation of the transaction price to the fair value of identifiable assets acquired and liabilities assumed in the Fiscal 2022 Acquisitions:

	Fiscal 2023 Acquisitions		Fiscal 2022 Acquisitions
Cash	$	5	$	—
Receivables	28		19
Inventories	38		36
Intangible assets	76		40
Goodwill	17		20
Property, plant and equipment	24		7
Operating lease right-of-use assets	7		5
Other assets, current and non-current	4		4
Total assets acquired	199		131
Accounts payable	9		9
Deferred income taxes	8		—
Operating lease liabilities, current and non-current	7		5
Deferred consideration	10		2
Other liabilities, current and non-current	6		1
Net assets acquired	$	159	$	114

Schedule of reconciliation of total consideration to net assets acquired

The net outflow of cash in respect of the purchase of businesses is as follows:

	Fiscal 2023 Acquisitions		Fiscal 2022 Acquisitions
Net assets acquired	$	159	$	114
Less: Working capital adjustment	(3)		—
Less: Cash acquired in acquisition	(5)		—
Total consideration, net of cash; investing cash outflow	$	151	$	114

Schedule of intangible assets acquired and assumptions utilized in the valuation

A summary of the intangible asset acquired and assumptions utilized in the valuation for the Fiscal 2023 Acquisitions and Fiscal 2022 Acquisitions is as follows:

	Intangible Asset Amount		Weighted Average Amortization Period	Weighted Average Discount Rate		Weighted Average Attrition Rate
Customer Relationships
Fiscal 2023 Acquisitions	$	76	10 years	16.2	%	12.6	%
Fiscal 2022 Acquisitions	40		10 years	15.5	%	12.0	%