Long-term Debt (Tables)

9 Months Ended

Nov. 01, 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 November 1, 2014, February 1, 2014 and November 2, 2013:

	November 1, 2014			February 1, 2014			November 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		$	1,000
$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
$500 million, 8.50% Fixed Interest Rate Notes due June 2019, Less Unamortized Discount (“2019 Notes”)(a)	495			494			493
$400 million, 7.00% Fixed Interest Rate Notes due May 2020 (“2020 Notes”)	400			400			400
Total Senior Unsecured Debt with Subsidiary Guarantee	$	3,395		$	3,394		$	3,393
Senior Unsecured Debt
$700 million, 6.90% Fixed Interest Rate Notes due July 2017, Less Unamortized Discount (“2017 Notes”)(b)	$	715		$	718		$	720
$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)	213			215			216
Total Senior Unsecured Debt	$	1,577		$	1,582		$	1,585
Total	$	4,972		$	4,976		$	4,978
Current Portion of Long-term Debt	(213		)	(215		)	(216		)
Total Long-term Debt, Net of Current Portion	$	4,759		$	4,761		$	4,762

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

(b) The balances include a fair value interest rate hedge adjustment which increased the debt balance by $15 million as of November 1, 2014, $19 million as of February 1, 2014 and $21 million as of November 2, 2013.

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