Goodwill and Intangible Assets

4 Months Ended

Jun. 16, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the carrying value of Goodwill by reporting unit that have goodwill consisted of the following:



	February 24, 2018		Additions		Impairments		Other net adjustments			June 16, 2018
Wholesale goodwill	$	780	$	—	$	—	$	(5	)	$	775

Identifiable intangible assets consisted of the following:



	June 16, 2018							February 24, 2018
	Cost		Accumulated Amortization			Net		Cost		Accumulated Amortization			Net
Customer lists, supply agreements, prescription files and other	$	173	$	(70	)	$	103	$	177	$	(66	)	$	111
Favorable operating leases	21		(8		)	13		21		(6		)	15
Total finite-life intangibles	194		(78		)	116		198		(72		)	126
Indefinite-lived tradename intangibles	5		—			5		5		—			5
Total intangibles	$	199	$	(78	)	$	121	$	203	$	(72	)	$	131

Amortization expense of intangible assets with finite useful lives was $5 and $3 for the first quarters ended June 16, 2018 and June 17, 2017, respectively. There were no impairment charges for the first quarters ended June 16, 2018 and June 17, 2017.

The estimated future amortization expense for the remainder of fiscal 2019 and for the next five fiscal years on intangible assets outstanding as of June 16, 2018 consists of the following:



	Remaining Fiscal 2019		2020		2021		2022		2023		2024
Estimated amortization expense	$	9	$	12	$	12	$	10	$	10	$	8

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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