We have a $1.25 billion five year senior unsecured revolving credit facility agreement with a syndicate of banks. The agreement permits borrowings of up to $1.25 billion and expires in April 2023. There were no borrowings outstanding as of November 2, 2019, February 2, 2019, or November 3, 2018.



	November 2, 2019		February 2, 2019		November 3, 2018
Notes, 5.50%, due March 15, 2021	$	650	$	650	$	650
Notes, 4.45%, due October 1, 2028		500		500		500
Interest rate swap valuation adjustments		70		25		(22)
Subtotal		1,220		1,175		1,128
Debt discounts and issuance costs		(6)		(7)		(8)
Financing lease obligations ⁽¹⁾		-		181		189
Capital lease obligations ⁽¹⁾		-		39		17
Finance lease obligations ⁽¹⁾		39		-		-
Total long-term debt		1,253		1,388		1,326
Less current portion		14		56		46
Total long-term debt, less current portion	$	1,239	$	1,332	$	1,280

(1)See Note 4, Leases, for additional information regarding our lease obligations.

The fair value of total long-term debt, excluding debt discounts and issuance costs and lease obligations, approximated $1,288 million, $1,178 million, and $1,133 million as of November 2, 2019, February 2, 2019, and November 3, 2018, respectively, based primarily on market prices quoted from external sources, compared with carrying values of $1,220 million, $1,175 million, and $1,128 million, respectively. If long-term debt were measured at fair value in the financial statements, it would be classified primarily as Level 2 in the fair value hierarchy.

See Note 6, Debt, in the Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended February 2, 2019, for additional information regarding the terms of our other debt facilities, debt instruments and other obligations.