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Debt and Credit Facilities Long Term Debt (Tables)

6 Months Ended

Jul. 31, 2021

Long-term debt recorded on the Condensed Consolidated Balance Sheets consists of the following:


($ in millions)	July 31, 2021		January 30, 2021		August 1, 2020

2023 Notes	500		500		500
2025 Notes	750		750		750
2027 Notes	1,000		1,000		1,000
Less: Unamortized debt issuance costs	(30)		(34)		(38)
Total long-term debt	$	2,220	$	2,216	$	2,212

Schedule of Maturities of Long-term Debt [Table Text Block]

The scheduled maturity of the Notes is as follows:


Scheduled Maturity ($ in millions)	Principal		Interest Rate		Interest Payments
Senior Secured Notes (1)
May 15, 2023	$	500	8.375	%	Semi-Annual
May 15, 2025	750		8.625	%	Semi-Annual
May 15, 2027	1,000		8.875	%	Semi-Annual
Total issuance	$	2,250

__________

(1)Includes an option to call the Notes in whole or in part at any time, subject to a make-whole premium.

- 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