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Goodwill and Intangible Assets | 3 Months Ended
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May 04, 2024
Goodwill and Intangible Assets [Abstract] |
Goodwill and Intangible Assets | 3. Goodwill and Intangible Assets Goodwill Goodwill balances were as follows as of May 4, 2024, February 3, 2024, and April 29, 2023 ($ in millions):
| Gross Carrying Amount |  | Cumulative Impairment
Domestic | $ | 1,450 |  |  | $ | (67) |
International |  | 608 |  |  |  | (608) |
Total | $ | 2,058 |  |  | $ | (675) |
No impairment charges were recorded during the periods presented. Definite-Lived Intangible Assets We have definite-lived intangible assets recorded within Other assets on our Condensed Consolidated Balance Sheets as follows ($ in millions):
| May 4, 2024 |  | February 3, 2024 |  | April 29, 2023 |  | Weighted-Average
| Gross Carrying ‎Amount |  | Accumulated ‎Amortization |  | Gross Carrying ‎Amount |  | Accumulated ‎Amortization |  | Gross Carrying ‎Amount |  | Accumulated ‎Amortization |  | Useful Life Remaining as of May 4, 2024 (in years)
Customer relationships | $ | 360 |  |  | $ | 278 |  |  | $ | 360 |  |  | $ | 276 |  |  | $ | 360 |  |  | $ | 249 |  |  |  | 9.8 |
Tradenames |  | 108 |  |  |  | 72 |  |  |  | 108 |  |  |  | 69 |  |  |  | 108 |  |  |  | 60 |  |  |  | 4.7 |
Developed technology |  | 64 |  |  |  | 60 |  |  |  | 64 |  |  |  | 59 |  |  |  | 64 |  |  |  | 54 |  |  |  | 3.5 |
Total | $ | 532 |  |  | $ | 410 |  |  | $ | 532 |  |  | $ | 404 |  |  | $ | 532 |  |  | $ | 363 |  |  |  | 8.1 |
Amortization expense was as follows ($ in millions):
|  |  | Three Months Ended
| Statement of Earnings Location | May 4, 2024 |  | April 29, 2023
Amortization expense | SG&A |  |  | $ | 6 |  |  | $ | 20 |
Amortization expense expected to be recognized in future periods is as follows ($ in millions):
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Amortization Expense
Remainder of fiscal 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 15 |
Fiscal 2026 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 21 |
Fiscal 2027 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 18 |
Fiscal 2028 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 12 |
Fiscal 2029 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 11 |
Fiscal 2030 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 9 |
Thereafter |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 36 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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