Long-term Debt and Borrowing Facilities (Tables)

12 Months Ended

Jan. 29, 2022

Long-term Debt, by Current and Noncurrent [Abstract]

The following table provides the Company’s outstanding debt balance, net of unamortized debt issuance costs and discounts, as of January 29, 2022 and January 30, 2021:


	January 29, 2022		January 30, 2021
	(in millions)
Senior Secured Debt with Subsidiary Guarantee
$400 million Term Loan due August 2028 ("Term Loan Facility")	$	390	$	—
Total Senior Secured Debt with Subsidiary Guarantee	390		—
Senior Debt with Subsidiary Guarantee
$600 million, 4.625% Fixed Interest Rate Notes due July 2029 ("2029 Notes")	592		—
Total Senior Debt with Subsidiary Guarantee	592		—
Long-term Debt due to Former Parent	—		97
Total	982		97
Current Debt	(4)		—
Total Long-term Debt, Net of Current Portion	$	978	$	97

Schedule of Principal Payments Due on Long-term Debt

The following table provides principal payments due on outstanding debt in the next five fiscal years and the remaining years thereafter:


Fiscal Year (in millions)
2022	$	4
2023	4
2024	4
2025	4
2026	4
Thereafter	$	979

- 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