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Debt
 6 Months Ended
Jul. 30, 2022
Debt Disclosure [Abstract]  
Debt Debt
Long-term debt. Unsecured senior debt, net of unamortized discounts and debt issuance costs, consisted of the following:

($000)July 30, 2022January 29, 2022July 31, 2021
6.530% Series B Senior Notes due 2021
$— $— $64,964 
3.375% Senior Notes due 2024
249,032 248,808 248,586 
4.600% Senior Notes due 2025
696,523 695,888 695,255 
0.875% Senior Notes due 2026
495,425 494,814 494,203 
4.700% Senior Notes due 2027
239,684 239,470 239,259 
4.800% Senior Notes due 2030
132,516 132,431 132,346 
1.875% Senior Notes due 2031
494,972 494,691 494,411 
5.450% Senior Notes due 2050
146,261 146,223 146,185 
Total long-term debt$2,454,413 $2,452,325 $2,515,209 
Less: current portion— — 64,964 
Total due beyond one year$2,454,413 $2,452,325 $2,450,245 

As of July 30, 2022, January 29, 2022, and July 31, 2021, total unamortized discount and debt issuance costs were $20.6 million, $22.7 million, and $24.8 million, respectively, and were classified as a reduction of Long-term debt.

As of July 30, 2022 and January 29, 2022 the aggregate fair value of the seven outstanding series of Senior Notes was approximately $2.4 billion and $2.6 billion, respectively. As of July 31, 2021 the aggregate fair value of the eight then outstanding series of Senior Notes was approximately $2.7 billion. The fair value is estimated by obtaining comparable market quotes which are considered to be Level 1 inputs under the fair value measurements and disclosures guidance.

See Note D: Debt, in the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 29, 2022, for additional information regarding the terms of the Company’s unsecured senior notes.

Revolving credit facilities. In February 2022, the Company entered into a new, $1.3 billion senior unsecured revolving Credit Agreement (the “2022 Credit Facility”), which replaced its previous $800 million unsecured revolving credit facility. The 2022 Credit Facility expires in February 2027, and may be extended, at the Company's request and with the consent of the lenders, for up to two additional one year periods, subject to customary conditions. The new facility contains a $300 million sublimit for issuance of standby letters of credit. It also contains an option allowing the Company to increase the size of its credit facility by up to an additional $700 million, with the agreement of the committing lenders. The interest rate on borrowings under the 2022 Credit Facility is a term rate based on the Secured Overnight Financing Rate (“Term SOFR”) (or an alternate benchmark rate, if Term SOFR is no longer available) plus an applicable margin, and is payable quarterly and upon maturity. The 2022 Credit Facility is subject to a quarterly Consolidated Adjusted Debt to Consolidated EBITDAR financial leverage ratio covenant. As of July 30, 2022, the Company was in compliance with this financial covenant.

As of July 30, 2022, the Company had no borrowings or standby letters of credit outstanding under the 2022 Credit Facility, and the $1.3 billion credit facility remains in place and available.
The table below shows the components of interest expense and income for the three and six month periods ended July 30, 2022 and July 31, 2021:

Three Months EndedSix Months Ended
($000)July 30, 2022July 31, 2021July 30, 2022July 31, 2021
Interest expense on long-term debt$21,125 $22,205 42,279 $44,399 
Other interest expense406 291 794 621 
Capitalized interest(1,175)(3,590)(3,826)(6,829)
Interest income(9,689)(199)(10,884)(435)
Interest expense, net$10,667 $18,707 $28,363 $37,756