Goodwill and Intangible Assets

3 Months Ended

May 03, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

Goodwill

The carrying amount of the Company’s goodwill included in its Balance Sheets is as follows:


	May 3, 2026		February 1, 2026
Gross Goodwill	$	1,921	$	1,920
Accumulated Impairment	—		—
Net Goodwill	$	1,921	$	1,920

The changes in the carrying amount of goodwill are as follows:


	Three Months Ended
	May 3, 2026
Beginning Balance	$	1,920

Foreign currency translation and other	1
Ending Balance	$	1,921

Goodwill represents the excess of purchase price over the fair value of net assets acquired. The Company does not amortize goodwill but does assess the recoverability of goodwill on an annual basis during the fourth quarter. If an event occurs or circumstances change that would “more likely than not” reduce the fair value of a reporting unit below its carrying value, an interim impairment test would be performed between annual tests.

Intangible Assets

The Company’s intangible assets included in its Balance Sheets consist of the following:


	May 3, 2026						February 1, 2026
	Gross Intangible		Accumulated Amortization		Net Intangible		Gross Intangible		Accumulated Amortization		Net Intangible
Customer relationships	$	1,796	$	1,049	$	747	$	1,796	$	1,014	$	782
Internal use software	40		—		40		36		—		36
Other intangible assets	12		8		4		12		7		5
Total	$	1,848	$	1,057	$	791	$	1,844	$	1,021	$	823

Amortization expense related to intangible assets was as follows:


	Three Months Ended
		May 3, 2026		May 4, 2025
Amortization expense		$	36	$	37

The estimated aggregate amortization expense on intangible assets owned by the Company for the remainder of fiscal 2026 and the next four full fiscal years is expected to be as follows:


Fiscal 2026	$	105
Fiscal 2027	132
Fiscal 2028	123
Fiscal 2029	109
Fiscal 2030	97