Other Intangible Assets, Net (Tables)

12 Months Ended

Jan. 29, 2022

Goodwill and Other Intangible Assets, Net [Abstract]

Components of Intangible Assets

		January 29, 2022							January 30, 2021
	Gross		Accum.		Net		Life in	Gross		Accum.		Net
($ in millions)	value		amort.		value		Years (3)	value		amort.		value
Amortized intangible assets: (1)
Lease acquisition costs	$	107	$	(104)	$	3	10.1	$	121	$	(116)	$	5
Trademarks/tradenames (2)		18		(18)		—	—		20		(17)		3
Customer lists		13		(2)		11	3.0
	$	138	$	(124)	$	14	6.9	$	141	$	(133)	$	8
Indefinite life intangible assets: (1)
Trademarks/tradenames					$	440						$	9
Other intangible assets, net					$	454						$	17

(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) Includes a non-cash impairment charge of $2 million recorded in 2021, see Note 4, Impairment and Other Charges.

(3) Represents the weighted-average useful life as of January 29, 2022 and excludes those assets that are fully amortized.

Amortization Expense

Amortization expense recorded is as follows:

($ in millions)	2021		2020		2019
Amortization expense	$	5	$	3	$	3

Estimated Future Expected Amortization Expense for Finite Life Intangible Assets

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

($ in millions)
2022	$	5
2023		5
2024		3
2025		1
2026		-