DEBT OBLIGATIONS

9 Months Ended

Nov. 03, 2012

DEBT OBLIGATIONS

DEBT OBLIGATIONS

3.DEBT OBLIGATIONS

Long-term debt consists of:

	November 3,			January 28,
	2012			2012
2.20% to 8.00% Senior Notes due through 2042	$	7,087		$	7,078
5.00% to 12.75% Mortgages due in varying amounts through 2034	61			65
Commercial paper borrowings	114			370
Credit facility borrowings	1,000			—
Other	179			230
Total debt, excluding capital leases and financing obligations	8,441			7,743
Less current portion	(2,037		)	(1,275		)
Total long-term debt, excluding capital leases and financing obligations	$	6,404		$	6,468

In the first quarter of 2012, the Company issued $500 of senior notes due in fiscal year 2022 bearing an interest rate of 3.40% and $350 of senior notes due in fiscal year 2042 bearing an interest rate of 5.00%.  In the first quarter of 2012, the Company repaid upon their maturity $491 of senior notes bearing an interest rate of 6.75%.

In the second quarter of 2012, the Company repaid upon their maturity $346 of senior notes bearing an interest rate of 6.20%.

During the last week of the third quarter of 2012, the Company borrowed $1 billion under its credit facility to meet short-term funding needs during the storm on the East coast of the United States as a precaution against a potential concern that commercial paper purchasers would have limited access to their facilities and systems.  The Company repaid these borrowings during the first week of the fourth quarter of 2012.