Other Intangible Assets, net

12 Months Ended

Jan. 28, 2017

Goodwill and Other Intangible Assets, Net [Abstract]

9. Other Intangible Assets, net



		January 28, 2017							January 30, 2016
								Wtd. Avg.
		Gross		Accum.		Net		Life in	Gross		Accum.		Net
($ in millions)		value		amort.		Value		Years (2)	value		amort.		Value
Amortized intangible assets: (1)
	Lease acquisition costs	$	116	$	(105)	$	11	10.0	$	119	$	(107)	$	12
	Trademarks / trade names		20		(13)		7	20.0		20		(12)		8
	Favorable leases		7		(5)		2	7.8		7		(5)		2
		$	143	$	(123)	$	20	14.0	$	146	$	(124)	$	22

Indefinite life intangible assets: (1)
	Runners Point Group trademarks / trade names (3)						22							23
Other intangible assets, net						$	42						$	45

(1)

The change in the ending balances also reflect the effect of foreign currency fluctuations due primarily to the movements of the euro in relation to the U.S. dollar.

(2)

The weighted-average useful life is as of January 28, 2017 and excludes those assets that are fully amortized.

(3)

Includes a non-cash impairment charge of $1 million recorded in 2015. This impairment charge is described more fully in Note 3, Impairment and Litigation Charges.

Amortizing intangible assets primarily represent lease acquisition costs, which are amounts that are required to secure prime lease locations and other lease rights, primarily in Europe. Amortizing intangible assets decreased by $2 million in 2016, which reflects $4 million in amortization expense partially offset by additions of $2 million related to new leases in Europe. Amortization expense recorded is as follows:


($ in millions)		2016		2015		2014
Amortization expense	$	4	$	4	$	6

Estimated future amortization expense for finite lived intangibles for the next five years is as follows:


	($ in millions)
2017	$	4
2018		3
2019		3
2020		3
2021		2