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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Jan. 30, 2022
Accounting Policies [Abstract] |
Components of receivables | The following table presents components of receivables, net:
in millions | January 30, 2022 |  | January 31, 2021
Card receivables | $ | 1,028 |  |  | $ | 992 |
Rebate receivables | 1,170 |  |  | 987 |
Customer receivables | 703 |  |  | 571 |
Other receivables | 525 |  |  | 442 |
Receivables, net | $ | 3,426 |  |  | $ | 2,992 |
Summary of property and equipment useful lives | The following table presents the estimated useful lives of our property and equipment:
| Life
Buildings and improvements | 5 – 45 years
Furniture, fixtures and equipment | 2 – 20 years
Leasehold improvements | 5 – 45 years
Summary of goodwill | The following table presents the changes in the carrying amount of our goodwill:
in millions | Fiscal |  | Fiscal
2021 |  | 2020
Goodwill, balance at beginning of year | $ | 7,126 |  |  | $ | 2,254 |
Acquisitions (1) | 323 |  |  | 4,870 |
Other (2) | — |  |  | 2 |
Goodwill, balance at end of year | $ | 7,449 |  |  | $ | 7,126 |
————— (1) Fiscal 2021 includes goodwill from a small acquisition completed during the second quarter. Fiscal 2020 includes goodwill related to the acquisition of HD Supply. See Note 12 for details regarding the HD Supply acquisition. (2) Primarily reflects the net impact of foreign currency translation and immaterial acquisition-related measurement period adjustments.
Schedule of finite-lived intangible assets | The following table presents the gross carrying amount and accumulated amortization relating to intangible assets:
| January 30, 2022 |  | January 31, 2021
in millions | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Definite-Lived Intangible Assets: |  |  |  |  |  |  |
Customer relationships | $ | 3,034 |  |  | $ | (326) |  |  | $ | 2,965 |  |  | $ | (157) |
Trade names | 151 |  |  | (8) |  |  | 151 |  |  | (1) |
Other | 12 |  |  | (9) |  |  | 16 |  |  | (11) |
Indefinite-Lived Intangible Assets: |  |  |  |  |  |  |
Trade names | 649 |  |  |  |  | 649 |  |  |
Total Intangible Assets | $ | 3,846 |  |  | $ | (343) |  |  | $ | 3,781 |  |  | $ | (169) |
Schedule of indefinite-lived intangible assets | The following table presents the gross carrying amount and accumulated amortization relating to intangible assets:
| January 30, 2022 |  | January 31, 2021
in millions | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Definite-Lived Intangible Assets: |  |  |  |  |  |  |
Customer relationships | $ | 3,034 |  |  | $ | (326) |  |  | $ | 2,965 |  |  | $ | (157) |
Trade names | 151 |  |  | (8) |  |  | 151 |  |  | (1) |
Other | 12 |  |  | (9) |  |  | 16 |  |  | (11) |
Indefinite-Lived Intangible Assets: |  |  |  |  |  |  |
Trade names | 649 |  |  |  |  | 649 |  |  |
Total Intangible Assets | $ | 3,846 |  |  | $ | (343) |  |  | $ | 3,781 |  |  | $ | (169) |
Schedule of estimated future amortization expense | The following table presents the estimated future amortization expense related to definite-lived intangible assets as of January 30, 2022:
in millions | Amortization Expense
Fiscal 2022 | $ | 180 |
Fiscal 2023 | 178 |
Fiscal 2024 | 178 |
Fiscal 2025 | 178 |
Fiscal 2026 | 178 |
Thereafter | 1,962 |
Total | $ | 2,854 |
Summary of other operating cost and expense | The following table presents net advertising expense included in SG&A:
in millions | Fiscal |  | Fiscal |  | Fiscal
2021 |  | 2020 |  | 2019
Net advertising expense | $ | 1,044 |  |  | $ | 909 |  |  | $ | 904 |

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