Goodwill and Intangible Assets

9 Months Ended

Oct. 29, 2022

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):

	October 29, 2022				January 29, 2022				October 30, 2021
	Gross Carrying Amount		Cumulative Impairment		Gross Carrying Amount		Cumulative Impairment		Gross Carrying Amount		Cumulative Impairment
Domestic	$	1,450	$	(67)	$	1,451	$	(67)	$	1,053	$	(67)
International		608		(608)		608		(608)		608		(608)
Total	$	2,058	$	(675)	$	2,059	$	(675)	$	1,661	$	(675)

No impairment charges were recorded during the periods presented.

Definite-Lived Intangible Assets

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

	October 29, 2022				January 29, 2022				October 30, 2021				Weighted-Average
	Gross Carrying ‎Amount		Accumulated ‎Amortization		Gross Carrying ‎Amount		Accumulated ‎Amortization		Gross Carrying ‎Amount		Accumulated ‎Amortization		Useful Life Remaining as of October 29, 2022 (in years)
Customer relationships	$	360	$	222	$	360	$	180	$	339	$	165		8.0
Tradenames		108		52		108		38		81		34		5.4
Developed technology		64		48		64		39		56		36		2.6
Total	$	532	$	322	$	532	$	257	$	476	$	235		6.9

Amortization expense was as follows ($ in millions):

	Statement of	Three Months Ended				Nine Months Ended
	Earnings Location	October 29, 2022		October 30, 2021		October 29, 2022		October 30, 2021
Amortization expense	SG&A	$	21	$	20	$	65	$	60

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

	Amortization Expense
Remainder of fiscal 2023	$	21
Fiscal 2024		61
Fiscal 2025		21
Fiscal 2026		21
Fiscal 2027		18
Fiscal 2028		12
Thereafter		56