XML 23 R46.htm IDEA: XBRL DOCUMENT v2.4.1.9
Debt (Details 2) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Feb. 01, 2014
Nov. 01, 2014
Nov. 02, 2013
Feb. 02, 2013
Debt        
Capitalized costs, net of write-offs, related to issuance of various debt instruments 108us-gaap_DeferredFinanceCostsGross      
Expected amortization expense pertaining to the deferred financing costs        
2014 12mik_AmortizationOfFinancingCostsInNextTwelveMonths      
2015 11mik_AmortizationOfFinancingCostsInYearTwo      
2016 11mik_AmortizationOfFinancingCostsInYearThree      
2017 11mik_AmortizationOfFinancingCostsInYearFour      
2018 6mik_AmortizationOfFinancingCostsInYearFive      
Thereafter 1mik_AmortizationOfFinancingCostsAfterYearFive      
Total amortization expense 52us-gaap_DeferredFinanceCostsNet      
Aggregate amount of scheduled maturities of debt        
2014 16us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths      
2015 16us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo      
2016 17us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree      
2017 17us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour      
2018 3,362us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive      
Thereafter 260us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive      
Total debt payments 3,688us-gaap_DebtInstrumentCarryingAmount      
Plus unrealized premium amortization 9us-gaap_DebtInstrumentUnamortizedPremium      
Less unrealized discount accretion (3)us-gaap_DebtInstrumentUnamortizedDiscount      
Long-term Debt, Total 3,694us-gaap_LongTermDebt 3,336us-gaap_LongTermDebt 3,881us-gaap_LongTermDebt 3,041us-gaap_LongTermDebt
Weighted average interest rate of the current portion of long-term debt (as a percent) 3.75%mik_DebtWeightedAverageInterestRateCurrent     10.69%mik_DebtWeightedAverageInterestRateCurrent
Minimum        
Debt        
Term of debt agreement 5 years      
Maximum        
Debt        
Term of debt agreement 10 years      
Michaels Stores Inc        
Debt        
Capitalized costs, net of write-offs, related to issuance of various debt instruments 91us-gaap_DeferredFinanceCostsGross
/ dei_LegalEntityAxis
= mik_MichaelsStoresIncMember
     
Expected amortization expense pertaining to the deferred financing costs        
2014 9mik_AmortizationOfFinancingCostsInNextTwelveMonths
/ dei_LegalEntityAxis
= mik_MichaelsStoresIncMember
     
2015 8mik_AmortizationOfFinancingCostsInYearTwo
/ dei_LegalEntityAxis
= mik_MichaelsStoresIncMember
     
2016 8mik_AmortizationOfFinancingCostsInYearThree
/ dei_LegalEntityAxis
= mik_MichaelsStoresIncMember
     
2017 7mik_AmortizationOfFinancingCostsInYearFour
/ dei_LegalEntityAxis
= mik_MichaelsStoresIncMember
     
2018 4mik_AmortizationOfFinancingCostsInYearFive
/ dei_LegalEntityAxis
= mik_MichaelsStoresIncMember
     
Thereafter 1mik_AmortizationOfFinancingCostsAfterYearFive
/ dei_LegalEntityAxis
= mik_MichaelsStoresIncMember
     
Total amortization expense 37us-gaap_DeferredFinanceCostsNet
/ dei_LegalEntityAxis
= mik_MichaelsStoresIncMember
     
Aggregate amount of scheduled maturities of debt        
2014 16us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
/ dei_LegalEntityAxis
= mik_MichaelsStoresIncMember
     
2015 16us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
/ dei_LegalEntityAxis
= mik_MichaelsStoresIncMember
     
2016 17us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
/ dei_LegalEntityAxis
= mik_MichaelsStoresIncMember
     
2017 17us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
/ dei_LegalEntityAxis
= mik_MichaelsStoresIncMember
     
2018 2,562us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
/ dei_LegalEntityAxis
= mik_MichaelsStoresIncMember
     
Thereafter 260us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
/ dei_LegalEntityAxis
= mik_MichaelsStoresIncMember
     
Total debt payments 2,888us-gaap_DebtInstrumentCarryingAmount
/ dei_LegalEntityAxis
= mik_MichaelsStoresIncMember
     
Plus unrealized premium amortization 9us-gaap_DebtInstrumentUnamortizedPremium
/ dei_LegalEntityAxis
= mik_MichaelsStoresIncMember
     
Less unrealized discount accretion (3)us-gaap_DebtInstrumentUnamortizedDiscount
/ dei_LegalEntityAxis
= mik_MichaelsStoresIncMember
     
Long-term Debt, Total 2,894us-gaap_LongTermDebt
/ dei_LegalEntityAxis
= mik_MichaelsStoresIncMember
$ 2,975us-gaap_LongTermDebt
/ dei_LegalEntityAxis
= mik_MichaelsStoresIncMember
$ 3,081us-gaap_LongTermDebt
/ dei_LegalEntityAxis
= mik_MichaelsStoresIncMember
$ 3,041us-gaap_LongTermDebt
/ dei_LegalEntityAxis
= mik_MichaelsStoresIncMember