Goodwill and Intangible Assets

6 Months Ended

Jul. 31, 2021

Goodwill and Intangible Assets [Abstract]

Goodwill and Intangible Assets

3. Goodwill and Intangible Assets

Goodwill

Balances related to goodwill remained unchanged as of July 31, 2021, January 30, 2021, and August 1, 2020, as follows ($ in millions):

	Gross Carrying Amount		Cumulative Impairment
Domestic	$	1,053	$	(67)
International		608		(608)
Total	$	1,661	$	(675)

‎

No impairment charges were recorded during the fiscal periods presented.

Definite-Lived Intangible Assets

We have definite-lived intangible assets recorded within Other assets on our Condensed Consolidated Balance Sheets as follows ($ in millions):

	July 31, 2021				January 30, 2021				August 1, 2020				Weighted-Average
	Gross Carrying ‎Amount		Accumulated ‎Amortization		Gross Carrying ‎Amount		Accumulated ‎Amortization		Gross Carrying ‎Amount		Accumulated ‎Amortization		Useful Life Remaining as of July 31, 2021 (in years)
Customer relationships	$	339	$	152	$	339	$	124	$	339	$	97		6.5
Tradenames		81		31		81		24		81		17		4.5
Developed technology		56		32		56		27		56		21		2.1
Total	$	476	$	215	$	476	$	175	$	476	$	135		5.7

Amortization expense was as follows ($ in millions):

	Statement of	Three Months Ended				Six Months Ended
	Earnings Location	July 31, 2021		August 1, 2020		July 31, 2021		August 1, 2020
Amortization expense	SG&A	$	20	$	20	$	40	$	40

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

	Amortization Expense
Remainder of fiscal 2022	$	40
Fiscal 2023		79
Fiscal 2024		54
Fiscal 2025		16
Fiscal 2026		16
Fiscal 2027		13
Thereafter		43