Long-term Debt and Borrowing Facilities (Tables)

3 Months Ended

Apr. 30, 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 April 30, 2022, January 29, 2022 and May 1, 2021:


	April 30, 2022		January 29, 2022		May 1, 2021
	(in millions)
Senior Secured Debt with Subsidiary Guarantee
$398 million Term Loan due August 2028 ("Term Loan Facility")	$	389	$	390	$	—
Total Senior Secured Debt with Subsidiary Guarantee	389		390		—
Senior Debt with Subsidiary Guarantee
$600 million, 4.625% Fixed Interest Rate Notes due July 2029 ("2029 Notes")	592		592		—
Total Senior Debt with Subsidiary Guarantee	592		592		—
Long-term Debt due to Former Parent	—		—		97
Total	981		982		97
Current Debt	(4)		(4)		—
Total Long-term Debt, Net of Current Portion	$	977	$	978	$	97

- 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