Other Intangible Assets, Net

6 Months Ended

Jul. 31, 2021

Goodwill and Other Intangible Assets, Net [Abstract]

Other Intangible Assets, Net

7. Other Intangible Assets, net

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

		July 31, 2021						August 1, 2020
	Gross		Accum.		Net		Gross		Accum.		Net
($ in millions)	value		amort.		value		value		amort.		value
Amortized intangible assets: (1)
Lease acquisition costs	$	116	$	(112)	$	4	$	119	$	(113)	$	6
Trademarks / trade names		20		(17)		3		20		(16)		4
	$	136	$	(129)	$	7	$	139	$	(129)	$	10
Indefinite life intangible assets: (1)
Trademarks / trade names					$	9					$	9
Other intangible assets, net					$	16					$	19

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

The annual review of intangible assets with indefinite lives performed during the first quarter of 2021 did not result in the recognition of impairment.

Amortization expense recorded is as follows:

	Thirteen weeks ended					Twenty-six weeks ended
	July 31,		August 1,		July 31,		August 1,
($ in millions)	2021		2020		2021		2020
Amortization expense	$	1	$	1	$	2	$	2

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

($ in millions)
Remainder of 2021	$	1
2022		3
2023		1
2024		1
2025		1