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HD Supply Acquisition (Tables) | 12 Months Ended
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Jan. 30, 2022
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The following table summarizes total purchase consideration:
in millions |
Total cash consideration for outstanding shares | $ | 8,637 |
Value of stock-based awards attributed to services already rendered (1) | 55 |
Total purchase consideration | $ | 8,692 |
————— (1) In connection with the completion of the acquisition, all HD Supply stock-based awards were cash settled for an aggregate value of $111 million. As the settlement of the awards was at the discretion of the Company, the portion of the fair value of the awards attributed to services previously provided of $55 million was included as part of purchase consideration, with the remaining $56 million recognized as post-combination expense within SG&A in our consolidated statement of earnings for fiscal 2020.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the recorded fair values of the assets acquired and liabilities assumed:
in millions | Fair Value
Cash | $ | 912 |
Other current assets | 879 |
Goodwill | 4,872 |
Other assets (1) | 3,936 |
Total assets acquired | $ | 10,599 |
Current liabilities | $ | 817 |
Long-term liabilities (2) | 1,090 |
Total liabilities assumed | $ | 1,907 |
————— (1) Includes identifiable intangible assets of $3.3 billion. (2) Includes deferred tax liabilities of $815 million primarily resulting from the difference in book and tax basis related to identifiable intangible assets.
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination | The fair value and estimated useful lives of identifiable intangible assets follows:
in millions | Useful Life (Years) |  | Fair Value
Customer relationships | 19 |  | $ | 2,630 |
Trade name – indefinite lived | Indefinite |  | 520 |
Trade names – definite lived | 20 |  | 150 |
Total identifiable intangible assets |  |  | $ | 3,300 |

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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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