Acquisitions (Tables)

6 Months Ended

Aug. 03, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of allocation of transaction price to the fair value of identifiable assets acquired and liabilities assumed

The following table represents the final allocation of the transaction price to the fair value of identifiable assets acquired and liabilities assumed in the Fiscal 2024 Acquisitions.

	Fiscal 2024 Acquisitions (1)
Cash	$	31
Receivables	66
Inventories	88
Intangible assets	233
Goodwill	285
Property, plant and equipment	12
Operating lease right-of-use assets	12
Other assets, current and non-current	1
Total assets acquired	728
Accounts payable	30
Deferred income taxes	41
Contingent consideration	3
Operating lease liabilities, current and non-current	12
Deferred consideration	8
Other liabilities, current and non-current	7
Net assets acquired	$	627

(1) Amounts include the purchase price allocation of Dana Kepner net assets of $263 million to goodwill, $184 million to intangible assets, $89 million to net working capital, $29 million to cash and $8 million to fixed assets. Additionally, includes a deferred income tax liability of $36 million for the Dana Kepner acquisition.

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 2024 Acquisitions
Net assets acquired	$	627
Less: Cash acquired in acquisition	(31)
Total consideration, net of cash; investing cash outflow	$	596

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 2024 Acquisitions is as follows:

	Intangible Asset Amount		Weighted Average Amortization Period	Weighted Average Discount Rate		Weighted Average Attrition Rate
Customer Relationships
Fiscal 2024 Acquisitions (1)	$	230	10 years	13.4	%	12.5	%
Other Intangible Assets
Fiscal 2024 Acquisitions	$	3	5 years	13.0	%	N/A

(1) Customer relationships acquired and assumptions utilized in the valuation for the Dana Kepner acquisition were as follows: $181 million customer relationship intangible asset, 10 years amortization period, 13.0% discount rate and 12.5% attrition rate.

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 Dana Kepner acquisition occurred on the assumed date, 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 Dana Kepner acquisition or revenue growth that may be anticipated.

	Six Months Ended
	July 28, 2024
Net sales	$	3,734
Net income	228