Other Intangible Assets, net

3 Months Ended

May 02, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Other Intangible Assets, net

4. Other Intangible Assets, net

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

	May 2, 2015						May 3, 2014						January 31, 2015
(in millions)	Gross value		Accum. amort.		Net Value		Gross value		Accum. amort.		Net Value		Gross value		Accum. amort		Net Value
Amortized intangible assets: (1), (2)
Lease acquisition costs	$	126	$	(115)	$	11	$	159	$	(142)	$	17	$	128	$	(116)	$	12
Trademarks		21		(12)		9		21		(11)		10		21		(12)		9
Favorable leases		7		(4)		3		8		(4)		4		7		(4)		3
	$	154	$	(131)	$	23	$	188	$	(157)	$	31	$	156	$	(132)	$	24
Indefinite life intangible assets (1)
Runners Point Group trademarks						25						31						25
Other trademarks (3)						—						3						—
					$	25					$	34					$	25
Other intangible assets, net					$	48					$	65					$	49

(1)	Includes the effect of foreign currency translation related primarily to the movements of the euro in relation to the U.S. dollar.
(2)	During 2014, the Company exited the CCS e-commerce business; as such, the fully amortized customer relationship intangible of $21 million was removed from the amounts presented above for all periods presented.
(3)	During the first quarter of 2014, the Company recorded a non-cash impairment charge of $1 million to fully write down the remaining value of the tradename related to the Company’s stores in the Republic of Ireland, reflecting historical and projected underperformance.

Amortization expense for intangibles subject to amortization was $1 million and $2 million for thirteen weeks ended May 2, 2015 and May 3, 2014, respectively.

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

	(in millions)
Remainder of 2015	$	3
2016		4
2017		3
2018		3
2019		3
2020		2