Long-term Debt (Tables)

3 Months Ended

May 03, 2014

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

Schedule Of Long-term Debt Instruments

The following table provides the Company’s long-term debt balance as of May 3, 2014, February 1, 2014 and May 4, 2013:

	May 3, 2014			February 1, 2014			May 4, 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		$	1,000
$1 billion, 6.625% Fixed Interest Rate Notes due April 2021 (“2021 Notes”)	1,000			1,000			1,000
$500 million, 5.625% Fixed Interest Rate Notes due October 2023 (“2023 Notes”)	500			500			—
$500 million, 8.50% Fixed Interest Rate Notes due June 2019, Less Unamortized Discount (“2019 Notes”)(a)	493			494			490
$400 million, 7.00% Fixed Interest Rate Notes due May 2020 (“2020 Notes”)	400			400			400
Total Senior Unsecured Debt with Subsidiary Guarantee	$	3,393		$	3,394		$	2,890
Senior Unsecured Debt
$700 million, 6.90% Fixed Interest Rate Notes due July 2017, Less Unamortized Discount (“2017 Notes”)(b)	$	716		$	718		$	719
$350 million, 6.95% Fixed Interest Rate Debentures due March 2033, Less Unamortized Discount (“2033 Notes”)	350			350			350
$300 million, 7.60% Fixed Interest Rate Notes due July 2037, Less Unamortized Discount (“2037 Notes”)	299			299			299
5.25% Fixed Interest Rate Notes due November 2014, Less Unamortized Discount (“2014 Notes”)(c)	214			215			217
Total Senior Unsecured Debt	$	1,579		$	1,582		$	1,585
Total	$	4,972		$	4,976		$	4,475
Current Portion of Long-term Debt	(214		)	(215		)	—
Total Long-term Debt, Net of Current Portion	$	4,758		$	4,761		$	4,475

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(a) The balances include a fair value interest rate hedge adjustment which increased the debt balance by $2 million as of May 3, 2014 and February 1, 2014.

(b) The balances include a fair value interest rate hedge adjustment which increased the debt balance by $17 million as of May 3, 2014, $19 million as of February 1, 2014 and $20 million as of May 4, 2013.

(c) The principal balance outstanding was $213 million as of May 3, 2014, February 1, 2014 and May 4, 2013. The balances include a fair value interest rate hedge adjustment which increased the debt balance by $1 million as of May 3, 2014, $3 million as of February 1, 2014 and $4 million as of May 4, 2013.