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GOODWILL AND INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Oct. 27, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The following table presents the changes in the carrying amount of our goodwill:
in millions | Primary Segment |  | Other |  | Consolidated |  |  |  |  |  |
Goodwill, balance at January 28, 2024 | $ | 8,455 |  |  | $ | — |  |  | $ | 8,455 |  |  |  |  |  |  |
Acquisitions (1) | — |  |  | 10,987 |  |  | 10,987 |  |  |  |  |  |  |
Other (2) | (14) |  |  | — |  |  | (14) |  |  |  |  |  |  |
Goodwill, balance at October 27, 2024 | $ | 8,441 |  |  | $ | 10,987 |  |  | $ | 19,428 |  |  |  |  |  |  |
————— (1) Fiscal 2024 activity represents the preliminary determination of goodwill related to the SRS acquisition, as well as other immaterial acquisitions completed by SRS during the third quarter of fiscal 2024. See Note 10 for details regarding the SRS acquisition. (2) Primarily reflects the net impact of foreign currency translation as well as immaterial measurement period adjustments related to fiscal 2023 acquisitions.
Schedule of Finite-Lived Intangible Assets | The following table presents information regarding our intangible assets:
| October 27, 2024 (1) |  | January 28, 2024
in millions | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Definite-Lived Intangible Assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 8,830 |  |  | $ | (913) |  |  | $ | 7,917 |  |  | $ | 3,425 |  |  | $ | (670) |  |  | $ | 2,755 |
Trade names | 608 |  |  | (62) |  |  | 546 |  |  | 227 |  |  | (25) |  |  | 202 |
Other | 11 |  |  | (11) |  |  | — |  |  | 12 |  |  | (12) |  |  | — |
Indefinite-Lived Intangible Assets: |  |  |  |  |  |  |  |  |  |  |
Trade names | 649 |  |  |  |  | 649 |  |  | 649 |  |  |  |  | 649 |
Total Intangible Assets | $ | 10,098 |  |  | $ | (986) |  |  | $ | 9,112 |  |  | $ | 4,313 |  |  | $ | (707) |  |  | $ | 3,606 |
————— (1) Fiscal 2024 includes the preliminary allocation of fair value to intangible assets related to the SRS acquisition. See Note 10 for details regarding the SRS acquisition.
Schedule of Indefinite-Lived Intangible Assets | The following table presents information regarding our intangible assets:
| October 27, 2024 (1) |  | January 28, 2024
in millions | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Definite-Lived Intangible Assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 8,830 |  |  | $ | (913) |  |  | $ | 7,917 |  |  | $ | 3,425 |  |  | $ | (670) |  |  | $ | 2,755 |
Trade names | 608 |  |  | (62) |  |  | 546 |  |  | 227 |  |  | (25) |  |  | 202 |
Other | 11 |  |  | (11) |  |  | — |  |  | 12 |  |  | (12) |  |  | — |
Indefinite-Lived Intangible Assets: |  |  |  |  |  |  |  |  |  |  |
Trade names | 649 |  |  |  |  | 649 |  |  | 649 |  |  |  |  | 649 |
Total Intangible Assets | $ | 10,098 |  |  | $ | (986) |  |  | $ | 9,112 |  |  | $ | 4,313 |  |  | $ | (707) |  |  | $ | 3,606 |
————— (1) Fiscal 2024 includes the preliminary allocation of fair value to intangible assets related to the SRS acquisition. See Note 10 for details regarding the SRS acquisition.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | The following table presents the estimated future amortization expense related to definite-lived intangible assets as of October 27, 2024:
in millions | Amortization Expense
Fiscal 2024 - remaining | $ | 145 |
Fiscal 2025 | 552 |
Fiscal 2026 | 552 |
Fiscal 2027 | 544 |
Fiscal 2028 | 527 |
Thereafter | 6,143 |
Total | $ | 8,463 |

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