Goodwill and Other Intangible Assets

12 Months Ended

Jan. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

The following summarizes the Company's goodwill and other intangible assets:


	January 31, 2026		February 1, 2025
	(millions)
Non-amortizing intangible assets
Goodwill	$	9,290	$	9,290
Accumulated impairment losses	(8,462)		(8,462)
	828		828
Tradenames	376		376
	$	1,204	$	1,204
Amortizing intangible assets
Favorable leases and other contractual assets	$	5	$	5
Tradenames	70		70
	75		75
Accumulated amortization
Favorable leases and other contractual assets	(2)		(2)
Tradenames	(29)		(24)
	(31)		(26)
	$	44	$	49
Capitalized software
Gross balance	$	1,602	$	1,431
Accumulated amortization	(785)		(629)
	$	817	$	802

For the Company's annual impairment assessment as of the end of fiscal May 2025 and 2024, the Company elected to perform a qualitative impairment test on its goodwill and intangible assets with indefinite lives and concluded that it is more likely than not that the fair values exceeded the carrying values and therefore goodwill and intangible assets with indefinite lives were not impaired.

Finite lived tradenames are being amortized over their respective useful lives ranging from 10 years to 20 years. Favorable lease intangible assets and other contractual assets are being amortized over their respective lease or contract terms.

Other contractual assets and tradenames amortization expense amounted to $5 million for each of 2025 and 2024 and $2 million for 2023. Capitalized software amortization expense amounted to $351 million for 2025, $310 million for 2024 and $269 million for 2023.

Future estimated amortization expense for assets, excluding in-process capitalized software of $116 million not yet placed in service as of January 31, 2026, is shown below:


	Amortizing intangible assets		Capitalized Software
	(millions)
Fiscal year
2026	$	5	$	315
2027	5		213
2028	5		128
2029	5		44
2030	5		1