A summary of the Company’s consolidated Short-term borrowings, Long-term debt and Debt subject to compromise as of October 28, 2017, January 28, 2017 and October 29, 2016 is outlined in the table below:



(In millions)	October 28, 2017		January 28, 2017		October 29, 2016
Short-term borrowings
Asia JV uncommitted lines of credit	$	4	$	—	$	7
Debt subject to compromise (1)
Incremental secured term loan facility, due fiscal 2018 (2)	123		125		126
Second incremental secured term loan facility, due fiscal 2018 (2)	61		62		63
7.375% senior notes, due fiscal 2018 (3)	208		209		209
Propco II mortgage loan, due fiscal 2019 (4)	507		489		—
Giraffe Junior mezzanine loan, due fiscal 2019 (5)	70		78		—
Secured term B-4 loan facility, due fiscal 2020 (2)	993		982		983
12.000% Taj senior secured notes, due fiscal 2021	583		577		577
8.750% debentures, due fiscal 2021 (6)	22		22		22
Finance obligations associated with capital projects	167		167		167
Capital lease and other obligations	16		9		10
Total debt subject to compromise	2,750
Long-term debt
8.500% senior secured notes, due fiscal 2017 (4)	—		—		719
ABL DIP revolving credit facility, expires fiscal 2018 (2) (7)	595		—		—
FILO DIP term loan, due fiscal 2018 (2) (7)	250		—		—
DIP term loan, due fiscal 2018 (2) (8)	350		—		—
Taj DIP notes, due fiscal 2018 (8)	375		—		—
French real estate credit facility, due fiscal 2018	52		48		49
Toys-Japan unsecured credit line, expires fiscal 2018	—		—		8
$1.85 billion secured revolving credit facility, expires fiscal 2019 (2) (7)	—		465		1,018
Senior unsecured term loan facility, due fiscal 2019 (9)	849		874		873
Tranche A-1 loan facility, due fiscal 2019 (2) (7)	—		272		271
UK real estate credit facility, due fiscal 2020	339		323		312
European and Australian asset-based revolving credit facility, expires fiscal 2020	81		—		92
Toys-Japan 1.04%-2.18% loans, due fiscals 2019-2021	34		44		48
Finance obligations associated with capital projects	12		12		13
Capital lease and other obligations	2		3		3
Total long-term debt	$	2,939	$	4,761	$	5,563
Less: current portion of long-term debt	95		119		70
Long-term debt (10)	$	2,844	$	4,642	$	5,493

(1)

LSTC must be reported at the amounts expected to be allowed claims by the Bankruptcy Court. The carrying value of the debt will be adjusted as claims are approved. As of October 28, 2017, we wrote-off $59 million of debt issuance costs and debt discount to present the debt at the face value outstanding. The expense is reported within Reorganization items, net in the Condensed Consolidated Statements of Operations. Refer to Note 2 entitled “Bankruptcy filing” for additional details.


(2)	Represents obligations of Toys “R” Us – Delaware, Inc. (“Toys-Delaware”).


(3)	Represents obligations of Toys “R” Us, Inc. (the “Parent Company”).


(4)	Represents obligations of Toys “R” Us Property Company II, LLC (“TRU Propco II”). TRU Propco II is a single-purpose entity and is a separate entity from the Company. The assets and credit of TRU Propco II and its direct parent Giraffe Junior Holdings, LLC (“Giraffe Junior”) are not available to satisfy the debts or other obligations of the Company or any affiliate.


(5)	Represents obligations of Giraffe Junior.


(6)	Represents obligations of the Parent Company and Toys-Delaware.

(7)

Represents obligations under our ABL/FILO debtor-in-possession financing (the “ABL/FILO DIP Facility”), which provides for up to a combined (inclusive of Toys-Canada) $1.85 billion of revolving commitments and $450 million of “first in last out” term loan financing (inclusive of Toys-Canada). These borrowings were used to pay in full the outstanding balance, accrued interest and fees related to the pre-petition combined (inclusive of Toys-Canada) $1.85 billion secured revolving credit facility (“the ABL Facility”) and the Tranche A-1 loan facility, due fiscal 2019. As discussed in Note 2 entitled “Bankruptcy filing” we deconsolidated Toys-Canada effective September 19, 2017. Therefore, borrowings are not reported for the Toys-Canada portion of the ABL/FILO DIP Facility.

(8)

Represents obligations under our term debtor in-possession facility, which provides for $450 million of term loan post-petition financing (the “Term DIP Facility,” and together with the ABL/FILO DIP Facility, the “DIP Credit Facilities”) and our Senior Secured ABL DIP Notes (the “Taj DIP Notes,” and together with the DIP Credit Facilities, the “DIP Financing”), which provides for up to $375 million Senior Secured ABL DIP Notes, subject to the escrow release provisions described more fully in “Taj DIP Notes” below.


(9)	Represents obligations of Toys “R” Us Property Company I, LLC and its subsidiaries (“TRU Propco I”).


(10)	We may maintain derivative instruments on certain of our long-term debt. Refer to Note 4 entitled “Derivative instruments and hedging activities” for further details.