Long-term Debt and Borrowing Facilities (Tables)

12 Months Ended

Feb. 03, 2024

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

Schedule of Long-term Debt Instruments

The following table provides the Company’s outstanding Long-term Debt balance, net of unamortized debt issuance costs and discounts and any current portion, as of February 3, 2024 and January 28, 2023:

	February 3, 2024		January 28, 2023
	(in millions)
Senior Secured Debt with Subsidiary Guarantee
$391 million Term Loan due August 2028 (“Term Loan Facility”)	$	385	$	387
Asset-based Revolving Credit Facility due August 2026 (“ABL Facility”)	145		295
Total Senior Secured Debt with Subsidiary Guarantee	530		682
Senior Debt with Subsidiary Guarantee
$600 million, 4.625% Fixed Interest Rate Notes due July 2029 (“2029 Notes”)	594		593
Total Senior Debt with Subsidiary Guarantee	594		593
Total	1,124		1,275
Current Debt	(4)		(4)
Total Long-term Debt, Net of Current Portion	$	1,120	$	1,271

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)
2024	$	4
2025	4
2026	149
2027	4
2028	375
Thereafter	$	600