Goodwill and Intangible Assets

9 Months Ended

Oct. 28, 2023

Goodwill and Intangible Assets [Abstract]

Goodwill and Intangible Assets

3. Goodwill and Intangible Assets

Goodwill

Goodwill balances were as follows ($ in millions):

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

	October 28, 2023				January 28, 2023				October 29, 2022				Weighted-Average
	Gross Carrying ‎Amount		Accumulated ‎Amortization		Gross Carrying ‎Amount		Accumulated ‎Amortization		Gross Carrying ‎Amount		Accumulated ‎Amortization		Useful Life Remaining as of October 28, 2023 (in years)
Customer relationships	$	360	$	274	$	360	$	236	$	360	$	222		10.3
Tradenames		108		66		108		56		108		52		5.0
Developed technology		64		59		64		51		64		48		4.0
Total	$	532	$	399	$	532	$	343	$	532	$	322		8.4

Amortization expense was as follows ($ in millions):

		Three Months Ended				Nine Months Ended
	Statement of Earnings Location	October 28, 2023		October 29, 2022		October 28, 2023		October 29, 2022
Amortization expense	SG&A	$	15	$	21	$	56	$	65

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

	Amortization Expense
Remainder of fiscal 2024	$	6
Fiscal 2025		21
Fiscal 2026		21
Fiscal 2027		18
Fiscal 2028		12
Fiscal 2029		10
Thereafter		45