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GOODWILL AND INTANGIBLE ASSETS
 12 Months Ended
Feb. 01, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
Goodwill
The following table presents the changes in the carrying amount of our goodwill:
in millions
Primary
Other (3)
Consolidated
Goodwill, balance at January 28, 2024
$8,455 $— $8,455 
Acquisitions (1)
23 11,025 11,048 
Other (2)
(28)— (28)
Goodwill, balance at February 2, 2025
8,450 11,025 19,475 
Acquisitions (1)
86 2,757 2,843 
Other (2)
28 (2)26 
Goodwill, balance at February 1, 2026
$8,564 $13,780 $22,344 
—————
(1)    Activity in fiscal 2024 includes the preliminary determination of goodwill related to the SRS acquisition and other immaterial acquisitions completed during that fiscal year. Activity in fiscal 2025 includes the preliminary determination of goodwill related to the GMS acquisition and other immaterial acquisitions completed during that fiscal year. See Note 13 for details regarding the SRS and GMS acquisitions.
(2)     Primarily reflects the net impact of foreign currency translation as well as immaterial measurement period adjustments related to acquisitions completed in the prior fiscal year.
(3)     Amounts presented in the Other column represent goodwill activity within our SRS non-reportable operating segments.
During the third quarter of fiscal 2025, we completed our annual assessment of the recoverability of goodwill for our U.S., Canada, and Mexico reporting units that reside within our Primary segment. As the results of our most recent quantitative analysis in fiscal 2023 indicated that the fair value of each reporting unit substantially exceeded its respective carrying amount, we performed a qualitative assessment to determine if there were any indicators of impairment. Based on this assessment, we concluded that while there have been events and circumstances that have both positively and negatively impacted the fair values of our reporting units, no single factor or combination of factors is an indicator that it is more likely than not that the fair value of any of these reporting units was less than its carrying amount.
During the third quarter of fiscal 2025, we also completed our annual assessment of our SRS roofing and building products, landscape, and pool reporting units using a quantitative approach. The quantitative test for goodwill impairment was performed by determining the fair value of each reporting unit using a combination of discounted cash flow and market-based approaches. The results of our quantitative analysis indicated that the fair value of each reporting unit exceeded its respective carrying amount, including goodwill. Additionally, due to the proximity of the GMS acquisition date to our annual impairment assessment date, we concluded that there were no events or circumstances that would indicate that it is more likely than not that the fair value of the goodwill recognized in the acquisition was less than its carrying amount.
There were also no impairment charges related to goodwill in fiscal 2024 or fiscal 2023.
Intangible Assets
The following table presents information regarding our intangible assets:
February 1, 2026February 2, 2025
in millionsGross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Definite-Lived Intangible Assets:
Customer relationships$10,517 $(1,535)$8,982 $8,845 $(1,035)$7,810 
Trade names889 (191)698 610 (86)524 
Other1 (1)— 11 (11)— 
Indefinite-Lived Intangible Assets:
Trade names649 649 649 649 
Total Intangible Assets
$12,056 $(1,727)$10,329 $10,115 $(1,132)$8,983 
Our intangible asset amortization expense was $607 million, $425 million, and $186 million for fiscal 2025, fiscal 2024, and fiscal 2023, respectively.
The following table presents the estimated future amortization expense related to definite-lived intangible assets as of February 1, 2026:
in millions
Amortization Expense
Fiscal 2026$683 
Fiscal 2027674 
Fiscal 2028654 
Fiscal 2029615 
Fiscal 2030578 
Thereafter6,476 
Total$9,680 
During the third quarter of fiscal 2025, we completed our annual assessment of the recoverability of our indefinite-lived intangible assets based on quantitative factors and concluded that no impairment losses should be recognized.
There were no impairment charges related to any of our definite or indefinite-lived intangible assets in fiscal 2025, fiscal 2024, or fiscal 2023.