HD Supply Acquisition (Tables)

12 Months Ended

Jan. 30, 2022

Schedule of Business Acquisitions, by Acquisition

The following table summarizes total purchase consideration:


in millions
Total cash consideration for outstanding shares	$	8,637
Value of stock-based awards attributed to services already rendered (1)	55
Total purchase consideration	$	8,692

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(1) In connection with the completion of the acquisition, all HD Supply stock-based awards were cash settled for an aggregate value of $111 million. As the settlement of the awards was at the discretion of the Company, the portion of the fair value of the awards attributed to services previously provided of $55 million was included as part of purchase consideration, with the remaining $56 million recognized as post-combination expense within SG&A in our consolidated statement of earnings for fiscal 2020.

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the recorded fair values of the assets acquired and liabilities assumed:


in millions	Fair Value
Cash	$	912
Other current assets	879
Goodwill	4,872
Other assets (1)	3,936
Total assets acquired	$	10,599

Current liabilities	$	817
Long-term liabilities (2)	1,090
Total liabilities assumed	$	1,907

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(1) Includes identifiable intangible assets of $3.3 billion.

(2) Includes deferred tax liabilities of $815 million primarily resulting from the difference in book and tax basis related to identifiable intangible assets.

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The fair value and estimated useful lives of identifiable intangible assets follows:


in millions	Useful Life (Years)	Fair Value
Customer relationships	19	$	2,630
Trade name – indefinite lived	Indefinite	520
Trade names – definite lived	20	150
Total identifiable intangible assets		$	3,300