Debt Obligations (Tables)

12 Months Ended

Jan. 29, 2021

The Company’s long-term debt as of the periods presented was as follows:


	January 29, 2021										January 31, 2020
	Stated interest rate		Effective interest rate		Principal		Unamortized Debt Issuance Costs		Net		Principal		Unamortized Debt Issuance Costs		Net
					(in millions)
Term Loan A Facility due October 2023	1.87	%	2.20	%	$	844	$	(6)	$	838	$	904	$	(9)	$	895
Term Loan B Facility due October 2025	2.00	%	2.19	%	1,026		(9)		1,017		1,037		(11)		1,026
Term Loan B2 Facility due March 2027	2.37	%	2.79	%	272		(6)		266		—		—		—
Senior Notes due April 2028	4.88	%	5.04	%	400		(6)		394		—		—		—
Total long-term debt					$	2,542	$	(27)	$	2,515	$	1,941	$	(20)	$	1,921
Less current portion					68		—		68		70		—		70
Total long-term debt, net of current portion					$	2,474	$	(27)	$	2,447	$	1,871	$	(20)	$	1,851

Maturities of Long-term Debt

Maturities of long-term debt as of January 29, 2021 are:


Fiscal Year Ending	Total
	(in millions)
2022	$	68
2023	147
2024	661
2025	10
2026	984
Thereafter	672
Total principal payments	$	2,542

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details