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GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
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May 04, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill And Intangible Assets | GOODWILL AND INTANGIBLE ASSETS Goodwill The following table presents the changes in the carrying amount of our goodwill:
in millions | Primary Segment |  | Other (3) |  | Consolidated |  |  |  |  |  |
Goodwill, balance at February 2, 2025 | $ | 8,450 |  |  | $ | 11,025 |  |  | $ | 19,475 |  |  |  |  |  |  |
Acquisitions (1) | 62 |  |  | 21 |  |  | 83 |  |  |  |  |  |  |
Other (2) | 12 |  |  | (2) |  |  | 10 |  |  |  |  |  |  |
Goodwill, balance at May 4, 2025 | $ | 8,524 |  |  | $ | 11,044 |  |  | $ | 19,568 |  |  |  |  |  |  |
————— (1) Activity includes the preliminary determination of goodwill related to immaterial acquisitions completed during the three months ended May 4, 2025. (2) Primarily reflects the net impact of foreign currency translation as well as immaterial measurement period adjustments related to acquisitions completed in the prior fiscal year. (3) Amounts presented in the Other column represent goodwill activity within our SRS operating segments. See Note 2 for details regarding our segment considerations. Intangible Assets The following table presents information regarding our intangible assets:
| May 4, 2025 |  | February 2, 2025
in millions | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Definite-Lived Intangible Assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 8,883 |  |  | $ | (1,152) |  |  | $ | 7,731 |  |  | $ | 8,845 |  |  | $ | (1,035) |  |  | $ | 7,810 |
Trade names | 616 |  |  | (108) |  |  | 508 |  |  | 610 |  |  | (86) |  |  | 524 |
Other | 11 |  |  | (11) |  |  | — |  |  | 11 |  |  | (11) |  |  | — |
Indefinite-Lived Intangible Assets: |  |  |  |  |  |  |  |  |  |  |
Trade names | 649 |  |  |  |  | 649 |  |  | 649 |  |  |  |  | 649 |
Total Intangible Assets | $ | 10,159 |  |  | $ | (1,271) |  |  | $ | 8,888 |  |  | $ | 10,115 |  |  | $ | (1,132) |  |  | $ | 8,983 |
Our intangible asset amortization expense was $139 million and $52 million during the first quarter of fiscal 2025 and fiscal 2024, respectively. The following table presents the estimated future amortization expense related to definite-lived intangible assets as of May 4, 2025:
in millions | Amortization Expense
Fiscal 2025 - remaining | $ | 417 |
Fiscal 2026 | 557 |
Fiscal 2027 | 548 |
Fiscal 2028 | 531 |
Fiscal 2029 | 489 |
Thereafter | 5,697 |
Total | $ | 8,239 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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