Goodwill and Intangible Assets

6 Months Ended

Aug. 03, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

GOODWILL AND INTANGIBLE ASSETS

Goodwill

Goodwill represents the excess of purchase price over the fair value of net assets acquired. The Company does not amortize goodwill but does assess the recoverability of goodwill on an annual basis during the fourth quarter. If an event occurs or circumstances change that would “more likely than not” reduce the fair value of a reporting unit below its carrying value, an interim impairment test would be performed between annual tests.

Intangible Assets

The Company’s intangible assets included in its Balance Sheets consist of the following:

	August 3, 2025						February 2, 2025
	Gross Intangible		Accumulated Amortization		Net Intangible		Gross Intangible		Accumulated Amortization		Net Intangible
Customer relationships	$	1,775	$	941	$	834	$	1,775	$	868	$	907
Internal use software	29		—		29		23		—		23
Other intangible assets	10		6		4		10		5		5
Total	$	1,814	$	947	$	867	$	1,808	$	873	$	935

Amortization expense related to intangible assets was as follows:

	Three Months Ended				Six Months Ended
	August 3, 2025		July 28, 2024		August 3, 2025		July 28, 2024
Amortization expense	$	37	$	38	$	74	$	73

The estimated aggregate amortization expense on intangible assets owned by the Company for the remainder of fiscal 2025 and the next four full fiscal years is expected to be as follows:

Fiscal 2025	$	74
Fiscal 2026	138
Fiscal 2027	129
Fiscal 2028	120
Fiscal 2029	106