Long-term Debt and Borrowing Facilities (Tables)

12 Months Ended

Feb. 01, 2025

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

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 1, 2025 and February 3, 2024:


	February 1, 2025		February 3, 2024
	(in millions)
Senior Secured Debt with Subsidiary Guarantee
$387 million Term Loan due August 2028 (“Term Loan Facility”)	$	382	$	385
Asset-based Revolving Credit Facility due August 2026 (“ABL Facility”)	—		145
Total Senior Secured Debt with Subsidiary Guarantee	382		530
Senior Debt with Subsidiary Guarantee
$600 million, 4.625% Fixed Interest Rate Notes due July 2029 (“2029 Notes”)	595		594
Total Senior Debt with Subsidiary Guarantee	595		594
Total	977		1,124
Current Debt	(4)		(4)
Total Long-term Debt, Net of Current Portion	$	973	$	1,120

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)
2025	$	4
2026	4
2027	4
2028	375
2029	600
Thereafter	$	—

- 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.

+ References

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+ Details