Other Intangible Assets, Net (Tables)

3 Months Ended

May 01, 2021

Goodwill and Other Intangible Assets, Net [Abstract]

Components of Intangible Assets

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

		May 1, 2021						May 2, 2020
	Gross		Accum.		Net		Gross		Accum.		Net
($ in millions)	value		amort.		value		value		amort.		value
Amortized intangible assets: (1)
Lease acquisition costs	$	119	$	(115)	$	4	$	113	$	(106)	$	7
Trademarks / trade names		20		(17)		3		20		(16)		4
	$	139	$	(132)	$	7	$	133	$	(122)	$	11
Indefinite life intangible assets: (1)
Trademarks / trade names					$	9					$	8
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.

Amortization Expense

Amortization expense recorded is as follows:

		Thirteen weeks ended
($ in millions)		May 1, 2021	May 2, 2020
Amortization expense	$	1	$	1

Estimated Future Expected Amortization Expense for Finite Life Intangible Assets

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

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