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Goodwill and Intangible Assets | 12 Months Ended
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Feb. 02, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | GOODWILL AND INTANGIBLE ASSETS Goodwill The carrying amount of the Company’s goodwill included in its Balance Sheets is as follows:
| February 2, 2025 |  | January 28, 2024
Gross Goodwill | $ | 1,898 |  |  | $ | 1,561 |
Accumulated Impairment | — |  |  | — |
Net Goodwill | $ | 1,898 |  |  | $ | 1,561 |
The changes in the carrying amount of goodwill are as follows:
| Fiscal Years Ended
| February 2, 2025 |  | January 28, 2024
Beginning Balance | $ | 1,561 |  |  | $ | 1,535 |
Goodwill acquired during the year | 336 |  |  | 25 |
Goodwill adjusted during the year | 1 |  |  | 1 |
Ending balance | $ | 1,898 |  |  | $ | 1,561 |
Goodwill acquired during fiscal 2024 and fiscal 2023 was related to the Fiscal 2024 Acquisitions and Fiscal 2023 Acquisitions, respectively, as further discussed in Note 4. During the fiscal 2024, fiscal 2023 and fiscal 2022 annual goodwill impairment assessment, the Company performed a qualitative assessment. The qualitative assessment included evaluating economic, industry, regulatory and company specific factors that could impact the reporting unit fair value. These factors included historical and projected financial metrics (including net sales, operating cash flow and discount rate trends), public equity market trends and evaluation of the markets the Company serves. Based on the assessment it was determined that it is not “more likely than not” that the fair value of its reporting unit is less than the carrying value of its reporting unit in fiscal 2024, fiscal 2023 and fiscal 2022. Therefore, no further assessment was necessary. There was no goodwill impairment during fiscal 2024, fiscal 2023 or fiscal 2022. The Company’s analyses were based in part on the expectation of future market conditions, future net sales and operating cash flow growth and discount rates that would be used by market participants in an arms-length transaction. Should actual performance or expectations of long-term assumptions be lower than presently expected, the Company’s goodwill could be impaired. Intangible Assets The Company’s intangible assets included in its Balance Sheets consist of the following:
| February 2, 2025 |  | January 28, 2024
| Gross Intangible |  | Accumulated Amortization |  | Net Intangible |  | Gross Intangible |  | Accumulated Amortization |  | Net Intangible
Customer relationships | $ | 1,775 |  |  | $ | 868 |  |  | $ | 907 |  |  | $ | 1,496 |  |  | $ | 718 |  |  | $ | 778 |
Internal use software | 23 |  |  | — |  |  | 23 |  |  | 4 |  |  | — |  |  | 4 |
Other intangible assets | 10 |  |  | 5 |  |  | 5 |  |  | 6 |  |  | 4 |  |  | 2 |
Total | $ | 1,808 |  |  | $ | 873 |  |  | $ | 935 |  |  | $ | 1,506 |  |  | $ | 722 |  |  | $ | 784 |
Amortization expense related to intangible assets was as follows:
| Fiscal Years Ended
| February 2, 2025 |  | January 28, 2024 |  | January 29, 2023
Amortization expense | $ | 151 |  |  | $ | 122 |  |  | $ | 120 |
There were no intangible asset impairments during fiscal 2024, fiscal 2023 or fiscal 2022. The estimated aggregate amortization expense on intangible assets owned by the Company as of February 2, 2025 was expected to be as follows:
Fiscal 2025 | $ | 148 |
Fiscal 2026 | 138 |
Fiscal 2027 | 129 |
Fiscal 2028 | 120 |
Fiscal 2029 | 106 |

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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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