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Long-Term Debt
12 Months Ended
Feb. 02, 2013
Long-Term Debt

13.  Long-Term Debt

The Company’s long-term debt reflects the Company’s 8.50 percent debentures payable in 2022, and was $133 million and $135 million for the years ended February 2, 2013 and January 28, 2012, respectively. Excluding the unamortized gain of the interest rate swaps of $15 million, the principal outstanding is $118 million. The gain is being amortized as part of interest expense over the remaining term of the debt, using the effective-yield method.

Interest expense related to long-term debt, including the effect of the interest rate swaps and the amortization of the associated debt issuance costs, was $9 million for all years presented.