DEBT AND DERIVATIVE INSTRUMENTS (Tables)

12 Months Ended

Jan. 29, 2023

Debt Disclosure [Abstract]

Schedule of short-term debt

The following table presents additional information on borrowings under our commercial paper program during fiscal 2022 and fiscal 2021:

	Fiscal		Fiscal
in millions	2022		2021
Maximum amount outstanding during the period	$	2,745	$	1,368
Average daily short-term borrowings	269		45

Schedule of long-term debt

The following table presents details of the components of our long-term debt:

				Carrying Amount (1)
in millions	Interest Payable	Principal Amount		January 29, 2023		January 30, 2022
Floating rate senior notes due March 2022	Quarterly	$	—	$	—	$	300
3.25% Senior notes due March 2022	Semi-annually	—		—		700
2.625% Senior notes due June 2022	Semi-annually	—		—		1,249
2.70% Senior notes due April 2023	Semi-annually	1,000		1,000		999
3.75% Senior notes due February 2024	Semi-annually	1,100		1,099		1,098
2.70% Senior notes due April 2025	Semi-annually	500		498		—
3.35% Senior notes due September 2025	Semi-annually	1,000		998		998
4.00% Senior notes due September 2025	Semi-annually	750		748		—
3.00% Senior notes due April 2026	Semi-annually	1,300		1,295		1,293
2.125% Senior notes due September 2026	Semi-annually	1,000		994		992
2.875% Senior notes due April 2027	Semi-annually	750		744		—
2.50% Senior notes due April 2027	Semi-annually	750		745		744
2.80% Senior notes due September 2027	Semi-annually	1,000		979		1,001
0.90% Senior notes due March 2028	Semi-annually	500		496		495
1.50% Senior notes due September 2028	Semi-annually	1,000		993		992
3.90% Senior notes due December 2028	Semi-annually	1,000		977		1,035
2.95% Senior notes due June 2029	Semi-annually	1,750		1,675		1,768
2.70% Senior notes due April 2030	Semi-annually	1,500		1,347		1,422
1.375% Senior notes due March 2031	Semi-annually	1,250		1,170		1,210
1.875% Senior notes due September 2031	Semi-annually	1,000		942		981
3.25% Senior notes due April 2032	Semi-annually	1,250		1,237		—
4.50% Senior notes due September 2032	Semi-annually	1,250		1,242		—
5.875% Senior notes due December 2036	Semi-annually	3,000		2,874		2,916
3.30% Senior notes due April 2040	Semi-annually	1,250		1,075		1,164
5.40% Senior notes due September 2040	Semi-annually	500		496		496
5.95% Senior notes due April 2041	Semi-annually	1,000		990		990
4.20% Senior notes due April 2043	Semi-annually	1,000		939		977
4.875% Senior notes due February 2044	Semi-annually	1,000		981		981
4.40% Senior notes due March 2045	Semi-annually	1,000		980		979
4.25% Senior notes due April 2046	Semi-annually	1,600		1,586		1,586
3.90% Senior notes due June 2047	Semi-annually	1,150		1,144		1,144
4.50% Senior notes due December 2048	Semi-annually	1,500		1,464		1,464
3.125% Senior notes due December 2049	Semi-annually	1,250		1,178		1,214
3.35% Senior notes due April 2050	Semi-annually	1,500		1,472		1,471
2.375% Senior notes due March 2051	Semi-annually	1,250		1,156		1,201
2.75% Senior notes due September 2051	Semi-annually	1,000		983		982
3.625% Senior notes due April 2052	Semi-annually	1,500		1,458		—
4.95% Senior notes due September 2052	Semi-annually	1,000		980		—
3.50% Senior notes due September 2056	Semi-annually	1,000		973		973
Total senior notes		$	41,150	$	39,908	$	35,815
Finance lease obligations; payable in varying installments through April 30, 2076				$	3,285	$	3,236
Total long-term debt				43,193		39,051
Less current installments of long-term debt				1,231		2,447
Long-term debt, excluding current installments				$	41,962	$	36,604

—————

(1) Includes unamortized discounts, premiums, debt issuance costs, and the effects of fair value hedges.

Schedule of maturities of long-term debt

The following table presents our long-term debt maturities, excluding finance leases, as of January 29, 2023:

in millions	Principal
Fiscal 2023	$	1,000
Fiscal 2024	1,100
Fiscal 2025	2,250
Fiscal 2026	2,300
Fiscal 2027	2,500
Thereafter	32,000
Total	$	41,150