Other Intangible Assets, Net

3 Months Ended

Apr. 29, 2017

Goodwill and Other Intangible Assets, Net [Abstract]

Other Intangible Assets, Net

5. Other Intangible Assets, net

The components of finite-lived intangible assets and intangible assets not subject to amortization are as follows:

		April 29, 2017						April 30, 2016						January 28, 2017
		Gross		Accum.		Net		Gross		Accum.		Net		Gross		Accum.		Net
($ in millions)		value		amort.		Value		Value		amort.		Value		value		amort.		Value
Amortized intangible assets: (1)
	Lease acquisition costs	$	118	$	(107)	$	11	$	123	$	(111)	$	12	$	116	$	(105)	$	11
	Trademarks / trade names		20		(13)		7		21		(13)		8		20		(13)		7
	Favorable leases		7		(5)		2		7		(5)		2		7		(5)		2
		$	145	$	(125)	$	20	$	151	$	(129)	$	22	$	143	$	(123)	$	20
Indefinite life intangible assets: (1)
	Runners Point Group trademarks / trade names					$	23					$	24					$	22
Other intangible assets, net						$	43					$	46					$	42

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

During the thirteen week period ended April 29, 2017, the Company recorded $1 million of lease acquisition additions, primarily related to our European businesses. These additions are being amortized over a weighted-average life of 9 years.  Amortization expense recorded is as follows:

	Thirteen weeks ended
($ in millions)		April 29, 2017		April 30, 2016
Amortization expense	$	1	$	1

Estimated future amortization expense for finite life intangible assets is as follows:

		($ in millions)
Remainder of 2017	$	3
2018		3
2019		3
2020		3
2021		2
2022		2