Long-term Debt (Tables)

12 Months Ended

Jan. 31, 2015

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 January 31, 2015 and February 1, 2014:

	January 31, 2015		February 1, 2014
	(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
$500 million, 8.50% Fixed Interest Rate Notes due June 2019, Less Unamortized Discount (“2019 Notes”) (a)	501		494
$400 million, 7.00% Fixed Interest Rate Notes due May 2020 (“2020 Notes”)	400		400
Total Senior Unsecured Debt with Subsidiary Guarantee	$	3,401	$	3,394
Senior Unsecured Debt
$700 million, 6.90% Fixed Interest Rate Notes due July 2017, Less Unamortized Discount (“2017 Notes”) (b)	$	715	$	718
$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
Total Senior Unsecured Debt	$	1,364	$	1,582
Total	$	4,765	$	4,976
Current Portion of Long-term Debt	—		(215		)
Total Long-term Debt, Net of Current Portion	$	4,765	$	4,761

_______________

(a) The balance includes a fair value interest rate hedge adjustment which increased the debt balance by $8 million as of January 31, 2015 and $2 million as of February 1, 2014.

(b) The balances include a fair value interest rate hedge adjustment which increased the debt balance by $15 million as of January 31, 2015 and $19 million as of February 1, 2014.

(c) The outstanding principal balance was $213 million as of February 1, 2014. This balance includes a fair value interest rate hedge adjustment which increased the debt balance by $2 million

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)
2015	$	—
2016	—
2017	700
2018	—
2019	500
Thereafter	3,550