Goodwill and Intangible Assets

12 Months Ended

Jan. 28, 2023

Goodwill and Intangible Assets [Abstract]

Goodwill and Intangible Assets

4.   Goodwill and Intangible Assets

Goodwill

Goodwill balances by reportable segment were as follows ($ in millions):

	January 28, 2023				January 29, 2022
	Gross Carrying Amount		Cumulative Impairment		Gross Carrying Amount		Cumulative Impairment
Domestic	$	1,450	$	(67)	$	1,451	$	(67)
International		608		(608)		608		(608)
Total	$	2,058	$	(675)	$	2,059	$	(675)

No impairment charges were recorded for the periods presented.

Definite-Lived Intangible Assets

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

	January 28, 2023				January 29, 2022				Weighted-Average
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization		Useful Life Remaining as of January 28, 2023 (in years)
Customer relationships	$	360	$	236	$	360	$	180		8.4
Tradenames		108		56		108		38		5.4
Developed technology		64		51		64		39		2.6
Total	$	532	$	343	$	532	$	257		7.2

Amortization expense was as follows ($ in millions):

	Statement of Earnings Location	2023		2022		2021
Amortization expense	SG&A	$	86	$	82	$	80

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

Fiscal Year		Amount
Fiscal 2024	$	61
Fiscal 2025		21
Fiscal 2026		21
Fiscal 2027		18
Fiscal 2028		12
Thereafter		56