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DEBT OBLIGATIONS
 6 Months Ended
Aug. 13, 2016
DEBT OBLIGATIONS  
DEBT OBLIGATIONS

 

3.   DEBT OBLIGATIONS

 

Long-term debt consists of:

 

 

 

August 13,

 

January 30,

 

 

 

2016

 

2016

 

1.14% to 8.00% Senior Notes due through 2043 

 

$
9,833

 

$
9,826

 

5.00% to 12.75% Mortgages due in varying amounts through 2027

 
50

 
58

 

0.63% to 0.66% Commercial paper borrowings due through August 2016

 
1,275

 
990

 

Other 

 
509

 
522

 

 

 

 

 

 

 

 

 

 

 

 

 

Total debt, excluding capital leases and financing obligations 

 
11,667

 
11,396

 

 

 

 

 

 

 

Less current portion 

 
(2,725

)
(2,318

)

 

 

 

 

 

 

 

 

 

 

 

 

Total long-term debt, excluding capital leases and financing obligations 

 

$
8,942

 

$
9,078

 

 

 

 

 

 

 

 

 

 

In anticipation of future debt refinancing in fiscal years 2016 through 2019, the Company, in the first and second quarters of 2016, entered into additional forward-starting interest rate swap agreements with an aggregate notional amount totaling $1,500.  After entering into these additional forward-starting interest rate swaps, the Company has a total of $1,900 notional amount of forward-starting interest rate swaps outstanding.  The forward-starting interest rate swaps entered into in the first two quarters of 2016 were designated as cash-flow hedges as defined by GAAP.