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SUBSEQUENT EVENTS
12 Months Ended
Feb. 03, 2018
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

22.SUBSEQUENT EVENTS

 

Sale of Convenience Store Business

 

On February 5, 2018, the Company announced that it has entered into a definitive agreement to sell its convenience store business for $2,150.

 

Debt

 

On March 16, 2018, the Company obtained a $1,000 term loan facility with a maturity date of March 16, 2019.  The funds were drawn on March 26, 2018 and were used to reduce outstanding commercial paper borrowings.  Under the terms of the agreement, interest rates are adjusted monthly based on the Company's Public Debt Rating and prevailing LIBOR rates.  At the Company’s current Public Debt Rating, as of March 26, 2018, the term loan bears a variable interest rate of 2.72%.