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Goodwill and Other Intangible Assets | 12 Months Ended
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Jan. 28, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets The following summarizes the Company’s goodwill and other intangible assets:
| January 28, 2023 |  | January 29, 2022
| (millions)
Non-amortizing intangible assets |  |  |
Goodwill | $ | 9,290 |  |  | $ | 9,290 |
Accumulated impairment losses | (8,462) |  |  | (8,462) |
| 828 |  |  | 828 |
Tradenames | 403 |  |  | 403 |
| $ | 1,231 |  |  | $ | 1,231 |
Amortizing intangible assets |  |  |
Favorable leases and other contractual assets | $ | 5 |  |  | $ | 5 |
Tradenames | 43 |  |  | 43 |
| 48 |  |  | 48 |
Accumulated amortization |  |  |
Favorable leases and other contractual assets | (1) |  |  | (1) |
Tradenames | (18) |  |  | (15) |
| (19) |  |  | (16) |
| $ | 29 |  |  | $ | 32 |
Capitalized software |  |  |
Gross balance | $ | 1,095 |  |  | $ | 1,010 |
Accumulated amortization | (429) |  |  | (499) |
| $ | 666 |  |  | $ | 511 |
For the Company's annual impairment assessment as of the end of fiscal May 2022 and 2021, the Company elected to perform a qualitative impairment test on its goodwill and intangible assets with indefinite lives and concluded that it is more likely than not that the fair values exceeded the carrying values and goodwill and intangible assets with indefinite lives were not impaired. At the end of 2022, the Company was in the early stages of reimagining its private brand portfolio and as such the intended future use of certain private brands may evolve. The Company will continue to monitor the evolution of its private brands and the related impact to its intangible assets. Finite lived tradenames are being amortized over their respective useful lives of 20 years. Favorable lease intangible assets are being amortized over their respective lease terms. Other contractual assets and tradenames amortization expense amounted to $2 million for each of 2022, 2021, and 2020. Capitalized software amortization expense amounted to $235 million for 2022, $238 million for 2021 and $268 million for 2020. Future estimated amortization expense for assets, excluding in-process capitalized software of $72 million not yet placed in service as of January 28, 2023, is shown below:
| Amortizing intangible assets |  | Capitalized Software
(millions)
Fiscal year |  |  |
2023 | $ | 2 |  |  | $ | 223 |
2024 | 2 |  |  | 177 |
2025 | 2 |  |  | 137 |
2026 | 2 |  |  | 57 |
2027 | 2 |  |  | — |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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