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Commercial Paper and Long-Term Debt
6 Months Ended
Aug. 03, 2019
Debt Disclosure [Abstract]  
Commercial Paper and Long-Term Debt Commercial Paper and Long-Term Debt

In March 2019, we issued $1,000 million of 10-year unsecured fixed rate debt at 3.375 percent, and in June 2019, we repaid $1,000 million of 2.3 percent unsecured fixed rate debt at maturity.

Our commercial paper program provides a source of short-term financing. For the six months ended August 3, 2019, the maximum amount outstanding was $744 million, and the average daily amount outstanding was $74 million at a weighted average annual interest rate of 2.4 percent. For the six months ended August 4, 2018, the maximum amount outstanding was $658 million, and the average daily amount outstanding was $63 million at a weighted average annual interest rate of 1.8 percent. As of August 3, 2019, and August 4, 2018, no balances were outstanding.