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Commercial Paper and Long-Term Debt
3 Months Ended
May 04, 2019
Debt Disclosure [Abstract]  
Commercial Paper and Long-Term Debt
Commercial Paper and Long-Term Debt

During the three months ended May 4, 2019, we issued $1,000 million of 10-year unsecured fixed rate debt at 3.375 percent, in advance of the June 2019 maturity of $1,000 million of 2.3 percent unsecured fixed rate debt.

We obtain short-term financing from time to time under our commercial paper program. For the three months ended May 4, 2019, the maximum amount outstanding was $744 million, and the average daily amount outstanding was $140 million at a weighted average annual interest rate of 2.4 percent. For the three months ended May 5, 2018, the maximum amount outstanding was $658 million, and the average daily amount outstanding was $127 million at a weighted average annual interest rate of 1.8 percent. As of May 4, 2019, and May 5, 2018, no balances were outstanding.