Debt (Tables)

3 Months Ended

May 01, 2021

Debt Disclosure [Abstract]

Components of Long-term Debt

Long-term debt, which includes draws on the revolving credit facility, consists of the following unsecured and secured senior debt:

							Outstanding
Maturity (Dollars in Millions)	Effective Rate			Coupon Rate			May 1, 2021			January 30, 2021			May 2, 2020
2023		3.25	%		3.25	%	$	164		$	350		$	350
2023		4.78	%		4.75	%		111			184			184
2025		9.50	%		9.50	%		113			600			600
2025		4.25	%		4.25	%		353			650			650
2029		7.36	%		7.25	%		42			42			42
2031		3.40	%		3.38	%		500		—			—
2033		6.05	%		6.00	%		112			113			113
2037		6.89	%		6.88	%		101			101			101
2045		5.57	%		5.55	%		427			427			427
Outstanding unsecured senior debt								1,923			2,467			2,467
Unamortized debt discounts and deferred financing costs								(14	)		(16	)		(18	)
Unsecured senior debt								1,909			2,451			2,449
Effective interest rate								4.89	%		5.90	%		5.90	%
Secured senior debt								—			—			1,000
Total long-term debt							$	1,909		$	2,451		$	3,449