Debt (Tables)

6 Months Ended

Jul. 30, 2016

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term debt consisted of the following ($ in millions):

	July 30, 2016			January 30, 2016			August 1, 2015
2016 Notes	$	—		$	350		$	350
2018 Notes	500			500			500
2021 Notes	650			650			650
Interest rate swap valuation adjustments	27			25			13
Subtotal	1,177			1,525			1,513
Debt discounts and issuance costs	(6		)	(7		)	(8		)
Financing lease obligations	181			178			52
Capital lease obligations	32			38			45
Total long-term debt	1,384			1,734			1,602
Less: current portion(1)	(43		)	(395		)	(382		)
Total long-term debt, less current portion	$	1,341		$	1,339		$	1,220

(1) Our 2016 Notes, due March 15, 2016, were classified in our current portion of long-term debt as of January 30, 2016 and August 1, 2015, respectively. In March 2016, we repaid the 2016 Notes using existing cash resources.