Foot Locker 2011 Annual Report Download - page 66

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FOOT LOCKER, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
2. Segment Information − (continued)
Sales and long-lived asset information by geographic area as of and for the fiscal years ended
January 28, 2012, January 29, 2011, and January 30, 2010 are presented in the following table. Sales are
attributed to the country in which the sales originate, which is where the legal subsidiary is domiciled.
Long-lived assets reflect property and equipment.
2011 2010 2009
(in millions)
Sales
United States $3,959 $3,568 $3,425
International 1,664 1,481 1,429
Total sales $5,623 $5,049 $4,854
The Company’s sales in Italy, Canada, and France represent approximately 23, 18, and 15 percent,
respectively, of the International category’s sales for the period ended January 28, 2012. No other
individual country included in the International category is significant.
2011 2010 2009
(in millions)
Long-Lived Assets
United States $285 $257 $266
International 142 129 121
Total long-lived assets $427 $386 $387
3. Impairment and Other Charges
2011 2010 2009
(in millions)
Impairment of intangible assets $ 5 $ 10 $ —
Impairment of assets — — 36
Reorganization costs — — 5
Total impairment and other charges $ 5 $ 10 $ 41
Impairment of Intangible Assets
Intangible assets that are determined to have finite lives are amortized over their useful lives and are
measured for impairment only when events or circumstances indicate that the carrying value may be
impaired. Intangible assets with indefinite lives are tested for impairment if impairment indicators arise
and, at a minimum, annually. During the fourth quarters of 2011 and 2010, the Company determined that
triggering events had occurred related to its CCS intangible assets, which is part of the Direct-to-Customers
segment, reflecting decreases in projected revenues. Accordingly, a charge of $5 million and $10 million
was recorded to write-down the CCS tradename for 2011 and 2010, respectively. The fair value was
determined using an income approach using the relief-from-royalty method.
46