Goodwill and Intangible Assets

3 Months Ended

Apr. 29, 2023

Goodwill and Intangible Assets [Abstract]

Goodwill and Intangible Assets

3. Goodwill and Intangible Assets

Goodwill

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

	April 29, 2023				January 28, 2023				April 30, 2022
	Gross Carrying Amount		Cumulative Impairment		Gross Carrying Amount		Cumulative Impairment		Gross Carrying Amount		Cumulative Impairment
Domestic	$	1,450	$	(67)	$	1,450	$	(67)	$	1,452	$	(67)
International		608		(608)		608		(608)		608		(608)
Total	$	2,058	$	(675)	$	2,058	$	(675)	$	2,060	$	(675)

No impairment charges were recorded during the 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):

	April 29, 2023				January 28, 2023				April 30, 2022				Weighted-Average
	Gross Carrying ‎Amount		Accumulated ‎Amortization		Gross Carrying ‎Amount		Accumulated ‎Amortization		Gross Carrying ‎Amount		Accumulated ‎Amortization		Useful Life Remaining as of April 29, 2023 (in years)
Customer relationships	$	360	$	249	$	360	$	236	$	360	$	194		8.9
Tradenames		108		60		108		56		108		43		5.3
Developed technology		64		54		64		51		64		42		2.8
Total	$	532	$	363	$	532	$	343	$	532	$	279		7.5

Amortization expense was as follows ($ in millions):

		Three Months Ended
	Statement of Earnings Location	April 29, 2023		April 30, 2022
Amortization expense	SG&A	$	20	$	22

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

	Amortization Expense
Remainder of fiscal 2024	$	41
Fiscal 2025		21
Fiscal 2026		21
Fiscal 2027		18
Fiscal 2028		12
Fiscal 2029		11
Thereafter		45