Annual report pursuant to Section 13 and 15(d)

Other Assets

v2.4.0.8
Other Assets
12 Months Ended
Feb. 01, 2014
Other Assets, Noncurrent [Abstract]  
Other Assets
Other Assets
($ in millions)
 
2013
 
2012
REITs
 
$

 
$
33

Capitalized software, net
 
267

 
310

Intangible assets, net (Note 4)
 
268

 
277

Cost investment (Note 9 and Note 16)
 

 
36

Debt issuance costs, net
 
92

 
20

Other
 
59

 
69

Total
 
$
686

 
$
745

 

The market value of our investment in public REITs were accounted for as available for sale securities and were carried at fair value. See Note 9 for the related fair value disclosures, Note 12 for the net unrealized gains and Note 17 for the net realized gains on our REITs.

Our intangible assets consist of our trade name Liz Claiborne and our ownership of the U.S. and Puerto Rico rights of the monet trade name. During the fourth quarter of 2013, as a result of sales performance below our expectations, we decided to reduce our future product offerings under the monet trade name, and as such, we recorded an impairment loss of $9 million (see Note 9 and Note 16) in the line item Real estate and other in the Consolidated Statements of Operations. In connection with our annual indefinite-lived intangible assets impairment tests performed during the fourth quarter of 2013, we did not record an impairment for our Liz Claiborne trade name as the estimated fair value exceeded the carrying value of the underlying asset.