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Debt (Tables)
12 Months Ended
Jan. 29, 2022
Debt Disclosure [Abstract]  
Components of Long-term Debt

Long-term debt consists of the following unsecured senior debt:

 

 

 

 

Outstanding

Maturity (Dollars in Millions)

Effective Rate

Coupon Rate

January 29, 2022

January 30, 2021

2023

3.25%

3.25%

$164

$350

2023

4.78%

4.75%

111

184

2025

9.50%

9.50%

113

600

2025

4.25%

4.25%

353

650

2029

7.36%

7.25%

42

42

2031

3.40%

3.38%

500

  —

2033

6.05%

6.00%

112

113

2037

6.89%

6.88%

101

101

2045

5.57%

5.55%

427

427

Outstanding unsecured senior debt

 

 

1,923

2,467

Unamortized debt discounts and deferred financing costs

 

 

  (13)

  (16)

Unsecured senior debt

 

 

$1,910

$2,451

Effective interest rate

 

 

4.89%

5.90%