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Goodwill and Intangible Assets | 9 Months Ended
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Nov. 02, 2024
Goodwill and Intangible Assets [Abstract] |
Goodwill and Intangible Assets | 3. Goodwill and Intangible Assets Goodwill Goodwill balances were as follows as of November 2, 2024, February 3, 2024, and October 28, 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. Indefinite-Lived Intangible Assets In the second quarter of fiscal 2025, we reclassified our Yardbird tradename from a definite-lived intangible asset to an indefinite-lived intangible asset to better reflect our expectations of the long-term use of the tradename. The carrying value of the tradename was $16 million as of November 2, 2024, and was recorded within Other assets on our Consolidated Balance Sheets. Definite-Lived Intangible Assets We have definite-lived intangible assets recorded within Other assets on our Condensed Consolidated Balance Sheets as follows ($ in millions):
| November 2, 2024 |  | February 3, 2024 |  | October 28, 2023 |  |  |  |
| Gross Carrying ‎Amount |  | Accumulated ‎Amortization |  | Gross Carrying ‎Amount |  | Accumulated ‎Amortization |  | Gross Carrying ‎Amount |  | Accumulated ‎Amortization |  | Weighted-Average Useful Life Remaining ‎as of November 2, 2024 (in years)
Customer relationships | $ | 360 |  |  | $ | 283 |  |  | $ | 360 |  |  | $ | 276 |  |  | $ | 360 |  |  | $ | 274 |  |  |  | 9.4 |
Tradenames |  | 92 |  |  |  | 77 |  |  |  | 108 |  |  |  | 69 |  |  |  | 108 |  |  |  | 66 |  |  |  | 1.9 |
Developed technology |  | 64 |  |  |  | 60 |  |  |  | 64 |  |  |  | 59 |  |  |  | 64 |  |  |  | 59 |  |  |  | 3.0 |
Total | $ | 516 |  |  | $ | 420 |  |  | $ | 532 |  |  | $ | 404 |  |  | $ | 532 |  |  | $ | 399 |  |  |  | 8.0 |
Amortization expense was as follows ($ in millions):
|  |  | Three Months Ended |  | Nine Months Ended
| Statement of Earnings Location | November 2, 2024 |  | October 28, 2023 |  | November 2, 2024 |  | October 28, 2023
Amortization expense | Selling, general and administrative expenses |  |  | $ | 5 |  |  | $ | 15 |  |  | $ | 16 |  |  | $ | 56 |
Amortization expense expected to be recognized in future periods is as follows ($ in millions):
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Amortization Expense
Remainder of fiscal 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 4 |
Fiscal 2026 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 18 |
Fiscal 2027 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 16 |
Fiscal 2028 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10 |
Fiscal 2029 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8 |
Fiscal 2030 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7 |
Thereafter |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 33 |

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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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