Goodwill and Intangible Assets

12 Months Ended

Feb. 03, 2024

Goodwill and Intangible Assets [Abstract]

Goodwill and Intangible Assets

4.   Goodwill and Intangible Assets

Goodwill

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

	February 3, 2024				January 28, 2023
	Gross Carrying Amount		Cumulative Impairment		Gross Carrying Amount		Cumulative Impairment
Domestic	$	1,450	$	(67)	$	1,450	$	(67)
International		608		(608)		608		(608)
Total	$	2,058	$	(675)	$	2,058	$	(675)

No impairment charges were recorded for the periods presented.

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 3, 2024				January 28, 2023				Weighted-Average
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization		Useful Life Remaining as of February 3, 2024 (in years)
Customer relationships	$	360	$	276	$	360	$	236		10.1
Tradenames		108		69		108		56		4.8
Developed technology		64		59		64		51		3.8
Total	$	532	$	404	$	532	$	343		8.2

Amortization expense was as follows ($ in millions):

	Statement of Earnings Location	2024		2023		2022
Amortization expense	SG&A	$	61	$	86	$	82

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

Fiscal Year		Amount
Fiscal 2025	$	21
Fiscal 2026		21
Fiscal 2027		18
Fiscal 2028		12
Fiscal 2029		11
Thereafter		45