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Goodwill and Other Intangible Assets
6 Months Ended
Jul. 31, 2015
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

 


Note 4—Goodwill and Intangible Assets:

Goodwill

Goodwill had a carrying value of $860 million and $379 million as of July 31, 2015 and January 30, 2015, respectively. Goodwill increased by $481 million during the three months ended July 31, 2015 due to the acquisition of Scitor. There were no impairments of goodwill during the periods presented.

Intangible Assets

Intangible assets, all of which were finite-lived, consisted of the following:

 

 

 

July 31, 2015

 

 

January 30, 2015

 

 

 

Gross carrying value

 

 

Accumulated amortization

 

 

Net carrying value

 

 

Gross carrying value

 

 

Accumulated amortization

 

 

Net carrying value

 

 

 

(in millions)

 

Intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

242

 

 

$

(13

)

 

$

229

 

 

$

10

 

 

$

(8

)

 

$

2

 

Trade name

 

 

9

 

 

 

(1

)

 

 

8

 

 

 

-

 

 

 

-

 

 

 

-

 

Backlog

 

 

14

 

 

 

(5

)

 

 

9

 

 

 

-

 

 

 

-

 

 

 

-

 

Software technology

 

 

25

 

 

 

(25

)

 

 

-

 

 

 

25

 

 

 

(25

)

 

 

-

 

Total intangible assets

 

$

290

 

 

$

(44

)

 

$

246

 

 

$

35

 

 

$

(33

)

 

$

2

 

Amortization expense related to intangible assets was $11 million and $11 million for the three and six months ended July 31, 2015, respectively, and zero and $1 million for the three and six months ended August 1, 2014, respectively. There were no intangible asset impairment losses during the periods presented.

The estimated annual amortization expense related to intangible assets as of July 31, 2015 was as follows:

 

Fiscal Year Ending

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

Remainder of 2016

 

 

 

 

 

 

 

 

 

 

 

$

22

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

26

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

20

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

20

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

20

 

2021 and thereafter

 

 

 

 

 

 

 

 

 

 

 

 

138

 

Total

 

 

 

 

 

 

 

 

 

 

 

$

246

 

Actual amortization expense in future periods could differ from these estimates as a result of future acquisitions, divestitures, impairments and other factors.