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GPS » Topics » Other Long-Term Assets

These excerpts taken from the GPS 10-K filed Mar 27, 2009.

Other Long-Term Assets

Other long-term assets consist of the following:

 

($ in millions)    January 31,
2009		    February 2,
2008

Long-term tax-related assets

    $ 326    $ 350

Goodwill

      99      —  

Trade name

      54      —  

Lease rights and key money, net of accumulated amortization of $125 and $147

      31      43

Deferred compensation plan assets

      18      24

Intangible assets subject to amortization

      13      —  

Other

      85      68
             

Other long-term assets

    $ 626    $ 485
             

See Note 3 of Notes to the Consolidated Financial Statements for goodwill, trade name, and intangible assets subject to amortization related to the acquisition of Athleta.

Both the cost and accumulated amortization of lease rights and key money are impacted by fluctuations in foreign currency rates. Amortization expense associated with lease rights and key money was $8 million, $10 million, and $10 million in fiscal 2008, 2007, and 2006, respectively.

 

48      GAP INC. FORM 10-K

Table of Contents

 

Other Long-Term Assets

Other
long-term assets consist of the following:

 


































































































($ in millions)  January 31,
2009		  February 2,
2008

Long-term tax-related assets

  $326  $350

Goodwill

   99   —  

Trade name

   54   —  

Lease rights and key money, net of accumulated amortization of $125 and $147

   31   43

Deferred compensation plan assets

   18   24

Intangible assets subject to amortization

   13   —  

Other

   85   68
        

Other long-term assets

  $626  $485
        

See Note 3 of Notes to the Consolidated Financial Statements for goodwill, trade name, and intangible assets subject to
amortization related to the acquisition of Athleta.

Both the cost and accumulated amortization of lease rights and key money are impacted by fluctuations in foreign
currency rates. Amortization expense associated with lease rights and key money was $8 million, $10 million, and $10 million in fiscal 2008, 2007, and 2006, respectively.

 


48      GAP INC. FORM 10-K






Table of Contents


 

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 27, 2009

RELATED TOPICS for GPS:

"Other Long-Term Assets" elsewhere:

Ross Stores (ROST)
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