Goodwill and Intangible Assets

12 Months Ended

Feb. 01, 2020

Goodwill and Intangible Assets [Abstract]

Goodwill and Intangible Assets

3.   Goodwill and Intangible Assets

Goodwill

Goodwill balances by reportable segment were as follows ($ in millions):

	February 1, 2020				February 2, 2019
	Gross Carrying Amount		Cumulative Impairment		Gross Carrying Amount		Cumulative Impairment
Domestic	$	1,051	$	(67)	$	982	$	(67)
International		608		(608)		608		(608)
Total	$	1,659	$	(675)	$	1,590	$	(675)

No goodwill impairment charges were recorded in fiscal 2020 or fiscal 2019.

Indefinite-Lived Intangible Assets

We have indefinite-lived intangible assets primary related to our Pacific Sales tradename, which are recorded within Other assets on our Consolidated Balance Sheets. The carrying value of indefinite-lived intangible assets was $18 million as of February 1, 2020, and February 2, 2019.

Definite-Lived Intangible Assets

We have definite-lived intangible assets which are recorded within Other assets on our Consolidated Balance Sheets as follows ($ in millions):

	February 1, 2020				February 2, 2019				Weighted-Average
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization		Useful Life Remaining as of February 1, 2020 (in years)
Customer relationships	$	339	$	70	$	258	$	16		7.1
Tradename		63		10		63		3		6.7
Developed technology		56		15		52		4		3.6
Total	$	458	$	95	$	373	$	23		6.6

Amortization expense was as follows ($ in millions):

	Statement of Earnings Location	2020		2019		2018
Amortization expense	SG&A	$	72	$	23	$	-

Amortization expense expected to be recognized in future periods is as follows ($ in millions):

Fiscal Year		Amount
2021	$	74
2022		74
2023		74
2024		54
2025		16
Thereafter		71