DEBT OBLIGATIONS

6 Months Ended

Aug. 17, 2013

3. DEBT OBLIGATIONS

Long-term debt consists of:

	August 17,			February 2,
	2013			2013
2.20% to 8.00% Senior Notes due through 2043	$	7,186		$	6,587
5.00% to 12.75% Mortgages due in varying amounts through 2034	69			60
0.40% to 0.45% Commercial paper borrowings due through September 2013	50			1,645
Other	186			184

Total debt, excluding capital leases and financing obligations	7,491			8,476

Less current portion	(699		)	(2,700		)

Total long-term debt, excluding capital leases and financing obligations	$	6,792	$	$	5,776

In the first quarter of 2013, the Company repaid $400 of senior notes bearing an interest rate of 5.00% upon their maturity.

In the second quarter of 2013, the Company issued $600 of senior notes due in fiscal year 2023 bearing an interest rate of 3.85% and $400 of senior notes due in fiscal year 2043 bearing an interest rate of 5.15%.

In the first two quarters of 2013, the Company decreased the amount of commercial paper borrowings outstanding by $1,595.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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