Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.21.1
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Jan. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Company's Goodwill and Other Intangible Assets

The following summarizes the Company’s goodwill and other intangible assets:

 

 

 

January 30,

 

 

February 1,

 

 

 

2021

 

 

2020

 

 

 

(millions)

 

Non-amortizing intangible assets

 

 

 

 

 

 

 

 

Goodwill

 

$

9,290

 

 

$

9,290

 

Accumulated impairment losses

 

 

(8,462

)

 

 

(5,382

)

 

 

 

828

 

 

 

3,908

 

Tradenames

 

 

403

 

 

 

403

 

 

 

$

1,231

 

 

$

4,311

 

Amortizing intangible assets

 

 

 

 

 

 

 

 

Favorable leases and other contractual assets

 

$

5

 

 

$

5

 

Tradenames

 

 

43

 

 

 

43

 

 

 

 

48

 

 

 

48

 

Accumulated amortization

 

 

 

 

 

 

 

 

Favorable leases and other contractual assets

 

 

(1

)

 

 

(1

)

Tradenames

 

 

(13

)

 

 

(11

)

 

 

 

(14

)

 

 

(12

)

 

 

$

34

 

 

$

36

 

Capitalized software

 

 

 

 

 

 

 

 

Gross balance

 

$

1,136

 

 

$

1,262

 

Accumulated amortization

 

 

(645

)

 

 

(620

)

 

 

$

491

 

 

$

642

 
Future Estimated Intangible Amortization Expense

Future estimated amortization expense for assets, excluding in-process capitalized software of $65 million not yet placed in service as of January 30, 2021, is shown below:

 

 

 

 

 

Amortizing

 

 

Capitalized

 

 

 

 

 

intangible assets

 

 

Software

 

 

 

 

 

(millions)

 

Fiscal year

 

 

 

 

 

 

 

 

 

 

2021

 

 

$

2

 

 

$

214

 

 

2022

 

 

 

2

 

 

 

132

 

 

2023

 

 

 

2

 

 

 

63

 

 

2024

 

 

 

2

 

 

 

17

 

 

2025

 

 

 

2

 

 

 

—