GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Oct. 27, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table presents the changes in the carrying amount of our goodwill:

in millions	Primary Segment		Other		Consolidated
Goodwill, balance at January 28, 2024	$	8,455	$	—	$	8,455
Acquisitions (1)	—		10,987		10,987
Other (2)	(14)		—		(14)
Goodwill, balance at October 27, 2024	$	8,441	$	10,987	$	19,428

—————

(1)    Fiscal 2024 activity represents the preliminary determination of goodwill related to the SRS acquisition, as well as other immaterial acquisitions completed by SRS during the third quarter of fiscal 2024. See Note 10 for details regarding the SRS acquisition.

(2)     Primarily reflects the net impact of foreign currency translation as well as immaterial measurement period adjustments related to fiscal 2023 acquisitions.

Schedule of Finite-Lived Intangible Assets

The following table presents information regarding our intangible assets:

	October 27, 2024 (1)						January 28, 2024
in millions	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Definite-Lived Intangible Assets:
Customer relationships	$	8,830	$	(913)	$	7,917	$	3,425	$	(670)	$	2,755
Trade names	608		(62)		546		227		(25)		202
Other	11		(11)		—		12		(12)		—
Indefinite-Lived Intangible Assets:
Trade names	649				649		649				649
Total Intangible Assets	$	10,098	$	(986)	$	9,112	$	4,313	$	(707)	$	3,606

—————

(1)    Fiscal 2024 includes the preliminary allocation of fair value to intangible assets related to the SRS acquisition. See Note 10 for details regarding the SRS acquisition.

Schedule of Indefinite-Lived Intangible Assets

The following table presents information regarding our intangible assets:

	October 27, 2024 (1)						January 28, 2024
in millions	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Definite-Lived Intangible Assets:
Customer relationships	$	8,830	$	(913)	$	7,917	$	3,425	$	(670)	$	2,755
Trade names	608		(62)		546		227		(25)		202
Other	11		(11)		—		12		(12)		—
Indefinite-Lived Intangible Assets:
Trade names	649				649		649				649
Total Intangible Assets	$	10,098	$	(986)	$	9,112	$	4,313	$	(707)	$	3,606

—————

(1)    Fiscal 2024 includes the preliminary allocation of fair value to intangible assets related to the SRS acquisition. See Note 10 for details regarding the SRS acquisition.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The following table presents the estimated future amortization expense related to definite-lived intangible assets as of October 27, 2024:

in millions	Amortization Expense
Fiscal 2024 - remaining	$	145
Fiscal 2025	552
Fiscal 2026	552
Fiscal 2027	544
Fiscal 2028	527
Thereafter	6,143
Total	$	8,463