Long-term Debt (Tables)

12 Months Ended

Feb. 01, 2014

Long-term Debt, by Current and Noncurrent [Abstract]

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

The following table provides the Company’s long-term debt balance as of February 1, 2014 and February 2, 2013:

	February 1, 2014			February 2, 2013
	(in millions)
Senior Unsecured Debt with Subsidiary Guarantee
$1 billion, 5.625% Fixed Interest Rate Notes due February 2022 (“2022 Notes”)	$	1,000		$	1,000
$1 billion, 6.625% Fixed Interest Rate Notes due April 2021 (“2021 Notes”)	1,000			1,000
$500 million, 5.625% Fixed Interest Rate Notes due October 2023 (“2023 Notes”)	500			—
$500 million, 8.50% Fixed Interest Rate Notes due June 2019, Less Unamortized Discount (“2019 Notes”) (a)	494			489
$400 million, 7.00% Fixed Interest Rate Notes due May 2020 (“2020 Notes”)	400			400
Total Senior Unsecured Debt with Subsidiary Guarantee	$	3,394		$	2,889
Senior Unsecured Debt
$700 million, 6.90% Fixed Interest Rate Notes due July 2017, Less Unamortized Discount (“2017 Notes”) (b)	$	718		$	721
$350 million, 6.95% Fixed Interest Rate Debentures due March 2033, Less Unamortized Discount (“2033 Notes”)	350			350
$300 million, 7.60% Fixed Interest Rate Notes due July 2037, Less Unamortized Discount (“2037 Notes”)	299			299
5.25% Fixed Interest Rate Notes due November 2014, Less Unamortized Discount (“2014 Notes”) (c)	215			218
Total Senior Unsecured Debt	$	1,582		$	1,588
Total	$	4,976		$	4,477
Current Portion of Long-term Debt	(215		)	—
Total Long-term Debt, Net of Current Portion	$	4,761		$	4,477

_______________

(a) The balance as of February 1, 2014 includes a fair value interest rate hedge adjustment which increased the debt balance by $2 million.

(b) The balances include a fair value interest rate hedge adjustment which increased the debt balance by $19 million as of February 1, 2014 and $22 million as of February 2, 2013.

(c) The principal balance outstanding was $213 million as of both February 1, 2014 and February 2, 2013. The balances include a fair value interest rate hedge adjustment which increased the debt balance by $3 million as of February 1, 2014 and $5 million as of February 2, 2013.

Schedule of Principal Payments due on Long-term Debt [Text Block]

The following table provides principal payments due on long-term debt in the next five fiscal years and the remaining years thereafter:

Fiscal Year (in millions)
2014	$	213
2015	—
2016	—
2017	700
2018	—
Thereafter	4,050