Foot Locker 2013 Annual Report Download - page 72

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Foot Locker, Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
8. Property and Equipment, Net
2013 2012
(in millions)
Land $6 $6
Buildings:
Owned 44 41
Furniture, fixtures, equipment and software development costs:
Owned 888 832
Assets under capital leases 10 —
948 879
Less: accumulated depreciation (621) (622)
327 257
Alterations to leased and owned buildings
Cost 804 772
Less: accumulated amortization (541) (539)
263 233
$ 590 $ 490
9. Goodwill
At February 1, 2014, Goodwill includes $18 million relating to the acquisition of Runners Point Group, which was
allocated to the segments based upon their relative fair values. The Athletic Stores segment’s goodwill is net of
accumulated impairment charges of $167 million for all periods presented. The 2013 and 2012 annual goodwill
impairment tests did not result in an impairment charge.
Athletic
Stores Direct-to-
Customers Total
(in millions)
Goodwill at January 28, 2012 $17 $127 $144
Foreign currency translation adjustment 1 — 1
Goodwill at February 2, 2013 $18 $127 $145
Goodwill from acquisition 3 15 18
Goodwill at February 1, 2014 $21 $142 $163
10. Other Intangible Assets, net
February 1, 2014 Wtd. Avg.
Life in
Years
(2)
February 2, 2013
(in millions) Gross
value Accum.
amort. Net
Value Gross
value Accum.
amort. Net
Value
Amortized intangible assets:
(1)
Lease acquisition costs $155 $(137) $18 11.8 $158 $(137) $21
Trademarks 21 (11) 10 19.7 21 (9) 12
Favorable leases 8 (3) 5 7.3 5 (5) —
Customer relationships 21 (21) — — 21 (18) 3
$205 $(172) $33 13.3 $205 $(169) $36
Indefinite life intangible assets:
Runners Point Group 30 —
Other trademarks
(3)
44
$34 $4
Other intangible assets, net $67 $40
(1) Includes the effect of foreign currency translation related primarily to the movements of the euro in relation to the U.S. dollar.
(2) The weighted-average useful life disclosed excludes those assets that are fully amortized.
(3) The accumulated impairment charge related to other trademarks is $24 million.
49