XML 59 R49.htm IDEA: XBRL DOCUMENT v3.25.1
Long-term Debt and Borrowing Facilities - Narrative (Details)
$ in Millions
3 Months Ended
May 21, 2025
USD ($)
May 08, 2023
Aug. 02, 2021
USD ($)
May 03, 2025
USD ($)
May 04, 2024
USD ($)
Jul. 31, 2021
USD ($)
Debt Instrument [Line Items]            
Cash paid for interest       $ 8 $ 12  
Borrowings from asset-based revolving credit facility       $ 160 90  
Asset-based Revolving Credit Facility due August 2026 (“ABL Facility”) | Revolving Credit Facility            
Debt Instrument [Line Items]            
Fixed interest rate       5.89%    
Maximum borrowing capacity     $ 750      
Borrowings from asset-based revolving credit facility       $ 160 90  
Payments under the ABL Facility       55 90  
Line of credit       105    
Line of credit facility, remaining borrowing capacity       509    
Asset-based Revolving Credit Facility due August 2026 (“ABL Facility”) | Minimum | Revolving Credit Facility            
Debt Instrument [Line Items]            
Percentage spread over variable base rate   1.60%        
Commitment fee percentage, unused capacity     0.25%      
Asset-based Revolving Credit Facility due August 2026 (“ABL Facility”) | Maximum | Revolving Credit Facility            
Debt Instrument [Line Items]            
Commitment fee percentage, unused capacity     0.30%      
Asset-based Revolving Credit Facility due August 2026 (“ABL Facility”) | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Maximum | Revolving Credit Facility            
Debt Instrument [Line Items]            
Percentage spread over variable base rate   2.10%        
Asset-based Revolving Credit Facility due August 2026 (“ABL Facility”) | Average Daily Excess Availability | LIBOR and CDOR Loans | Minimum | Revolving Credit Facility            
Debt Instrument [Line Items]            
Percentage spread over variable base rate     1.50%      
Asset-based Revolving Credit Facility due August 2026 (“ABL Facility”) | Average Daily Excess Availability | LIBOR and CDOR Loans | Maximum | Revolving Credit Facility            
Debt Instrument [Line Items]            
Percentage spread over variable base rate     2.00%      
Asset-based Revolving Credit Facility due August 2026 (“ABL Facility”) | Average Daily Excess Availability | Alternate Base Rate Loans and Canadian Base Rate Loans | Minimum | Revolving Credit Facility            
Debt Instrument [Line Items]            
Percentage spread over variable base rate     0.50%      
Asset-based Revolving Credit Facility due August 2026 (“ABL Facility”) | Average Daily Excess Availability | Alternate Base Rate Loans and Canadian Base Rate Loans | Maximum | Revolving Credit Facility            
Debt Instrument [Line Items]            
Percentage spread over variable base rate     1.00%      
Asset-based Revolving Credit Facility due August 2026 (“ABL Facility”) | Letter of Credit            
Debt Instrument [Line Items]            
Line of credit       17    
Term Loan due August 2028 | Term Loan            
Debt Instrument [Line Items]            
Term loan B credit facility     $ 400      
Periodic principal payment, percent     0.0025      
Debt instrument, principal payment       $ 1 $ 1  
Fixed interest rate       7.81%    
Term Loan due August 2028 | Base Rate | Term Loan            
Debt Instrument [Line Items]            
Percentage spread over variable base rate     2.25%      
Term Loan due August 2028 | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Minimum | Term Loan            
Debt Instrument [Line Items]            
Percentage spread over variable base rate   3.36%        
Term Loan due August 2028 | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Maximum | Term Loan            
Debt Instrument [Line Items]            
Percentage spread over variable base rate   3.68%        
Amended ABL Facility | Revolving Credit Facility | Subsequent Event            
Debt Instrument [Line Items]            
Debt Instrument, Term 5 years          
Debt Instrument, Restrictive Covenant, Number Of Days Prior To Maturity Date Of Certain Indebtedness 91 days          
Long Term Debt, Certain Outstanding Material Indebtedness $ 50          
Debt Instrument, Restrictive Covenant, Borrowing Base, Percent Of Liquidation Value 90.00%          
Debt Instrument, Restrictive Covenant, Borrowing Base, Percent Of Liquidation Value, Period Two 92.50%          
Amended ABL Facility | Alternate Base Rate Loans and Canadian Base Rate Loans | Minimum | Revolving Credit Facility | Subsequent Event            
Debt Instrument [Line Items]            
Percentage spread over variable base rate 0.50%          
Amended ABL Facility | Alternate Base Rate Loans and Canadian Base Rate Loans | Maximum | Revolving Credit Facility | Subsequent Event            
Debt Instrument [Line Items]            
Percentage spread over variable base rate 0.75%          
Amended ABL Facility | Term SOFR And Term CORRA Loans | Minimum | Revolving Credit Facility | Subsequent Event            
Debt Instrument [Line Items]            
Percentage spread over variable base rate 1.50%          
Amended ABL Facility | Term SOFR And Term CORRA Loans | Maximum | Revolving Credit Facility | Subsequent Event            
Debt Instrument [Line Items]            
Percentage spread over variable base rate 1.75%          
With Subsidiary Guarantee | 4.625% Fixed Interest Rate Secured Notes due July 2029            
Debt Instrument [Line Items]            
Debt instrument, face amount       $ 600   $ 600
Fixed interest rate       4.625%   4.625%
With Subsidiary Guarantee | Term Loan due August 2028            
Debt Instrument [Line Items]            
Debt instrument, face amount       $ 386