Foot Locker 2009 Annual Report Download - page 61

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7. Property and Equipment, Net
2009 2008
(in millions)
Land ................................................. $ 3 $ 3
Buildings:
Owned .............................................. 31 31
Furniture, fixtures and equipment:
Owned .............................................. 792 1,018
826 1,052
Less: accumulated depreciation ............................. (641) (829)
185 223
Alterations to leased and owned buildings
Cost ............................................... 701 724
Less: accumulated amortization ............................. (499) (515)
202 209
$ 387 $ 432
8. Goodwill Athletic
Stores Direct-to-
Customers Total
(in millions)
Goodwill at February 2, 2008 ................... $186 $ 80 $266
Acquisition of CCS .......................... — 47 47
Foreign currency translation adjustment ........... (2) — (2)
Impairment charge ......................... (167) — (167)
Goodwill at January 31, 2009 ................... 17 127 144
Foreign currency translation adjustment ........... 1 — 1
Goodwill at January 30, 2010 ................... $ 18 $127 $ 145
9. Other Intangible Assets, Net
January 30, 2010 January 31, 2009
(in millions) Gross
value Accum.
amort.
Net
Value
(1)
Wtd. Avg.
Useful
Life in
Years (2) Gross
value Accum.
amort.
Net
Value
(1)
Finite life intangible assets:
Lease acquisition costs ........ $184 $(143) $41 12.1 $173 $(124) $ 49
Trademark ................ 20 (6) 14 20.0 20 (5) 15
Loyalty program ............ 1 (1) — — 1 (1) —
Favorable leases ............ 9 (8) 1 4.1 9 (7) 2
CCS customer relationships ..... 21 (5) 16 5.0 21 (1) 20
Total finite life intangible assets . . . 235 (163) 72 11.8 224 (138) 86
Intangible assets not subject to
amortization:
Republic of Ireland trademark . . . 2 — 2 2 — 2
CCS tradename ............. 25 — 25 25 — 25
Total finite life intangible assets . . . 27 — 27 27 — 27
Total other intangible assets ..... $262 $(163) $99 $251 $(138) $113
(1) Includes the effect of foreign currency translation, which represents an increase of $3 million in 2009 and a reduction of $8 million in
2008, primarily related to the movements of the euro in relation to the U.S. dollar. Additionally, the net value at January 31, 2009
includes a $2 million impairment charge related to the Footaction trademark and the Republic of Ireland trademark, described more
fully in Note 3.
(2) The weighted-average useful life disclosed excludes those assets that are fully amortized.
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