Long-term Debt (Tables)

6 Months Ended

Aug. 02, 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 August 2, 2014, February 1, 2014 and August 3, 2013:

	August 2, 2014			February 1, 2014			August 3, 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)	494			494			491
$400 million, 7.00% Fixed Interest Rate Notes due May 2020 (“2020 Notes”)	400			400			400
Total Senior Unsecured Debt with Subsidiary Guarantee	$	3,394		$	3,394		$	2,891
Senior Unsecured Debt
$700 million, 6.90% Fixed Interest Rate Notes due July 2017, Less Unamortized Discount (“2017 Notes”)(b)	$	715		$	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			216
Total Senior Unsecured Debt	$	1,578		$	1,582		$	1,584
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

________________

(a) The balances include a fair value interest rate hedge adjustment which increased the debt balance by $2 million as of August 2, 2014 and February 1, 2014. The interest rate hedge adjustment as of August 3, 2013 was not significant.

(b) The balances include a fair value interest rate hedge adjustment which increased the debt balance by $16 million as of August 2, 2014, $19 million as of February 1, 2014 and $20 million as of August 3, 2013.

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