Debt (Tables)

3 Months Ended

May 02, 2026

Debt Disclosure [Abstract]

Components of Long-term Debt

Long-term debt, which excludes borrowings on the revolving credit facility, consists of the following secured and unsecured debt:

			Outstanding
Maturity (Dollars in Millions)	Effective Rate at Issuance	Coupon Rate	May 2, 2026	January 31, 2026	May 3, 2025
2025	4.25%	4.25%	—	—	353
2029	7.36%	7.25%	42	42	42
2030	10.25%	10.00%	360	360	—
2031	3.40%	5.13%	381	425	500
2033	6.05%	6.00%	108	112	112
2037	6.89%	6.88%	87	89	101
2045	5.57%	5.55%	427	427	427
Outstanding secured and unsecured senior debt			1,405	1,455	1,535
Unamortized debt discounts and deferred financing costs			(18)	(19)	(8)
Current portion of secured and unsecured senior debt			—	—	(353)
Long-term secured and unsecured senior debt			$1,387	$1,436	$1,174
Effective interest rate at issuance			6.35%	6.26%	4.73%