Long-term Debt and Borrowing Facility (Tables)

12 Months Ended

Feb. 03, 2024

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

Schedule of Long-term Debt Instruments

The following table provides the Company’s outstanding Long-term Debt balance, net of unamortized debt issuance costs and discounts, as of February 3, 2024 and January 28, 2023:

	February 3, 2024		January 28, 2023
	(in millions)
Senior Debt with Subsidiary Guarantee
$314 million, 9.375% Fixed Interest Rate Notes due July 2025 (“2025 Notes”)	$	313	$	317
$297 million, 6.694% Fixed Interest Rate Notes due January 2027 (“2027 Notes”)	287		283
$462 million, 5.250% Fixed Interest Rate Notes due February 2028 (“2028 Notes”)	460		498
$500 million, 7.500% Fixed Interest Rate Notes due June 2029 (“2029 Notes”)	492		491
$938 million, 6.625% Fixed Interest Rate Notes due October 2030 (“2030 Notes”)	930		991
$811 million, 6.875% Fixed Interest Rate Notes due November 2035 (“2035 Notes”)	806		993
$613 million, 6.750% Fixed Interest Rate Notes due July 2036 (“2036 Notes”)	608		694
Total Senior Debt with Subsidiary Guarantee	3,896		4,267
Senior Debt
$294 million, 6.950% Fixed Interest Rate Debentures due March 2033 (“2033 Notes”)	293		349
$201 million, 7.600% Fixed Interest Rate Notes due July 2037 (“2037 Notes”)	199		246
Total Senior Debt	492		595
Total Long-term Debt	$	4,388	$	4,862

Schedule of Principal Payments Due on Long-term Debt

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

Fiscal Year	(in millions)
2024	$	—
2025	314
2026	297
2027	—
2028	462
Thereafter	3,357

Schedule of Long-Term Debt Repurchases

The following table provides details of the outstanding principal amount of senior notes repurchased and extinguished during 2023:

	(in millions)
2025 Notes	$	6
2028 Notes	38
2030 Notes	62
2033 Notes	56
2035 Notes	189
2036 Notes	87
2037 Notes	47
Total	$	485