Other Intangible Assets, Net

12 Months Ended

Jan. 30, 2021

Other Intangible Assets, Net [Abstract]

Other Intangible Assets, Net

8. Other Intangible Assets, net

		January 30, 2021							February 1, 2020
	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	$	121	$	(116)	$	5	9.9	$	115	$	(108)	$	7
Trademarks / trade names		20		(17)		3	20.0		20		(16)		4
	$	141	$	(133)	$	8	14.8	$	135	$	(124)	$	11
Indefinite life intangible assets: (1)
Trademarks / trade names					$	9						$	9
Other intangible assets, net					$	17						$	20

(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) Represents the weighted-average useful life as of January 30, 2021 and excludes those assets that are fully amortized.

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. Amortization expense recorded is as follows:

($ in millions)	2020		2019		2018
Amortization expense	$	3	$	3	$	4

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

($ in millions)
2021	$	2
2022		2
2023		2
2024		1
2025		1