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Summary of Significant Accounting Policies (Tables)

12 Months Ended

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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