Debt (Tables)

6 Months Ended

12 Months Ended

Jul. 29, 2012

Jan. 29, 2012

Long-Term Debt

Long-term debt as of July 29, 2012 and January 29, 2012 consisted of the following (dollars in millions):

	July 29, 2012					January 29, 2012
	Outstanding Principal			Interest Rate %(1)		Outstanding Principal			Interest Rate %(1)
ABL Facility due April 12, 2017	$	632			2.27	$	—			—
Term Loan due October 12, 2017, net of unamortized discount of $29 million as of July 29, 2012		971			7.25		—			—
8.125% First Priority Notes due April 15, 2019		950			8.13		—			—
11.0% Second Priority Notes due April 15, 2020		675			11.00		—			—
14.875% Senior Notes due October 12, 2020, net of unamortized discount of $29 million as of July 29, 2012		728			14.88		—			—
Term Loan due August 30, 2012		—			—		73			1.53
Term Loan due April 1, 2014		—			—		855			3.03
ABL Term Loan due April 1, 2014		—			—		214			3.56
12.0% Senior Notes due September 1, 2014		—			—		2,500			12.00
13.5% Senior Subordinated Notes due September 1, 2015		1,819			13.50		1,820			13.50
Total long-term debt	$	5,775					5,462
Less current installments		(10	)				(82	)
Long-term debt, excluding current installments	$	5,765				$	5,380

(1) Represents the stated rate of interest, without including the effect of discounts.

Long-term debt as of January 29, 2012 and January 30, 2011 consisted of the following (dollars in millions):

	January 29, 2012					January 30, 2011
	Outstanding Principal			Interest Rate %		Outstanding Principal			Interest Rate %
Term Loan due August 30, 2012	$	73			1.53	$	74			1.56
Term Loan due April 1, 2014		855			3.03		864			3.06
ABL Term Loan due April 1, 2014		214			3.56		214			3.53
12.0% Senior Notes due September 1, 2014		2,500			12.00		2,500			12.00
13.5% Senior Subordinated Notes due September 1, 2015		1,820			13.50		1,597			13.50
Total long-term debt		5,462					5,249
Less current installments		(82	)				(10	)
Long-term debt, excluding current installments	$	5,380				$	5,239

Maturities of Long-term Debt Outstanding

Maturities of long-term debt outstanding, in principal amounts, at January 29, 2012 are summarized below (amounts in millions):

Fiscal Year	Maturities
2012	$	82
2013		10
2014		3,550
2015		1,820
Total	$	5,462

14.875% Senior Notes due 2020

Notes Redemption

Year	Percentage
2015		106.094	%
2016		104.063	%
2017		102.031	%
2018 and thereafter		100.000	%

11% Senior Secured Second Priority Notes due 2020

Notes Redemption

Year	Percentage
2016		105.500	%
2017		102.750	%
2018 and thereafter		100.000	%

8.125% Senior Secured First Priority Notes due 2019

Notes Redemption

Year	Percentage
2015		111.1563	%
2016		107.4375	%
2017		103.7188	%
2018 and thereafter		100.0000	%

12.0% Senior Notes due September 1, 2014

Notes Redemption

The 12.0% Senior Notes mature on September 1, 2014 and can be redeemed by the Company as follows:

Redemption Period	Redemption Price
September 1, 2011 – August 31, 2012	106% plus accrued interest
September 1, 2012 – August 31, 2013	103% plus accrued interest
September 1, 2013 – Thereafter	100% plus accrued interest

13.5% Senior Subordinated Notes due 2015

Notes Redemption

The 13.5% Senior Subordinated Notes mature on September 1, 2015 and can be redeemed by the Company as follows:

Redemption Period	Redemption Price
September 1, 2011 – August 31, 2012	106.75% plus accrued interest
September 1, 2012 – August 31, 2013	103.375% plus accrued interest
September 1, 2013 – Thereafter	100% plus accrued interest