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Goodwill and Intangible Assets
3 Months Ended
May 04, 2019
Goodwill and Intangible Assets [Abstract]  
Goodwill and Intangible Assets

4.   Goodwill and Intangible Assets



Goodwill and Indefinite-Lived Intangible Assets



The following table provides the carrying values of goodwill and indefinite-lived intangible assets, which includes our Pacific Sales tradename, for the Domestic segment as of May 4, 2019, February 2, 2019, and May 5, 2018 ($ in millions):





 

 

 

 

 

 

 

 

 

 

 



May 4, 2019

 

February 2, 2019

 

May 5, 2018

Goodwill

$

915 

 

 

$

915 

 

 

$

425 

 

Indefinite-lived tradename included in Other assets

 

18 

 

 

 

18 

 

 

 

18 

 



The following table provides the gross carrying amount of goodwill and cumulative goodwill impairment as of May 4, 2019, February 2, 2019, and May 5, 2018 ($ in millions):



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



May 4, 2019

 

February 2, 2019

 

May 5, 2018



Gross Carrying
Amount

 

Cumulative
Impairment

 

Gross Carrying
Amount

 

Cumulative
Impairment

 

Gross Carrying
Amount

 

Cumulative
Impairment

Goodwill

$

1,590 

 

 

$

(675)

 

 

$

1,590 

 

 

$

(675)

 

 

$

1,100 

 

 

$

(675)

 



Definite-Lived Intangible Assets



We have definite-lived intangible assets related to GreatCall, Inc. (“GreatCall”) included within our Domestic segment, which is recorded within Other assets on our Condensed Consolidated Balance Sheets. The following table provides the gross carrying amount and related accumulated amortization of definite-lived intangible assets as of May 4, 2019, and February 2, 2019 ($ in millions). We had no definite-lived intangible assets as of May 5, 2018.





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



May 4, 2019

 

February 2, 2019



Gross Carrying
Amount

 

Accumulated
Amortization

 

Gross Carrying
Amount

 

Accumulated
Amortization

Customer relationships

$

258 

 

 

$

29 

 

 

$

258 

 

 

$

16 

 

Tradename

 

63 

 

 

 

 

 

 

63 

 

 

 

 

Developed technology

 

52 

 

 

 

 

 

 

52 

 

 

 

 

Total

$

373 

 

 

$

40 

 

 

$

373 

 

 

$

23 

 



We recorded $17 million and $0 million of aggregate amortization expense related to definite-lived intangible assets during the three months ended May 4, 2019, and May 5, 2018, respectively. The following table provides the amortization expense expected to be recognized in future periods ($ in millions):



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

Amortization
Expense

Remainder of fiscal 2020

 

 

 

 

 

 

 

 

 

 

 

 

$

51 

 

Fiscal 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

68 

 

Fiscal 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

67 

 

Fiscal 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

67 

 

Fiscal 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

48 

 

Fiscal 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

10 

 

Thereafter

 

 

 

 

 

 

 

 

 

 

 

 

 

22