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Debt
 9 Months Ended
Nov. 01, 2025
Debt Disclosure [Abstract]  
Debt Debt
Senior Notes. Unsecured senior debt (the “Senior Notes”), net of unamortized discounts and debt issuance costs, consisted of the following:

($000)November 1, 2025February 1, 2025November 2, 2024
4.600% Senior Notes due 2025
— 699,731 699,407 
0.875% Senior Notes due 2026
499,432 498,503 498,194 
4.700% Senior Notes due 2027
241,116 240,778 240,666 
4.800% Senior Notes due 2030
133,088 132,953 132,909 
1.875% Senior Notes due 2031
496,819 496,390 496,247 
5.450% Senior Notes due 2050
146,517 146,456 146,436 
Total long-term debt1
$1,516,972 $2,214,811 $2,213,859 
Less: current portion$499,432 $699,731 $699,407 
Total due beyond one year$1,017,540 $1,515,080 $1,514,452 
1 Net of unamortized discounts and debt issuance costs of $8.0 million, $10.2 million, and $11.1 million as of November 1, 2025, February 1, 2025, and November 2, 2024, respectively.

Interest on all Senior Notes is payable semi-annually and the Senior Notes are subject to prepayment penalties for early payment of principal.
In April 2025, the Company repaid at maturity the $700 million principal amount of the 4.600% Senior Notes.

The aggregate fair value of the remaining five outstanding series of Senior Notes was approximately $1.4 billion as of November 1, 2025. The aggregate fair value of the six then outstanding series of Senior Notes was approximately $2.1 billion as of both February 1, 2025 and November 2, 2024. 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.

Revolving credit facilities. In June 2025, the Company entered into a $1.3 billion senior unsecured revolving credit facility (the “2025 Credit Facility”), which replaced its previous $1.3 billion unsecured credit facility. The 2025 Credit Facility expires in June 2030 and may be extended at the Company’s request for up to two additional one-year periods subject to customary conditions. The 2025 Credit 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. Interest on borrowings under this 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 2025 Credit Facility is subject to a quarterly Consolidated Adjusted Debt to Consolidated EBITDAR financial leverage ratio covenant. As of November 1, 2025, the Company was in compliance with the financial covenant, had no borrowings or standby letters of credit outstanding under the Credit Facility, and the $1.3 billion Credit Facility remained in place and available.