DEBT (Tables)

12 Months Ended

Feb. 02, 2018

The following table summarizes DFS debt as of the periods indicated.



	February 2, 2018		February 3, 2017
	(in millions)
DFS U.S. debt
Securitization facilities	$	1,498	$	1,481
Fixed-term securitization offerings	2,034		1,364
Other	32		4
Total DFS U.S. debt	3,564		2,849
DFS international debt
Securitization facility	404		233
Other structured facilities	628		382
Note payable	200		—
Total DFS international debt	1,232		615
Total DFS debt	$	4,796	$	3,464
Total short-term DFS debt	$	3,327	$	2,088
Total long-term DFS debt	$	1,469	$	1,376

The following table summarizes the Company's outstanding debt as of the dates indicated:



	February 2, 2018		February 3, 2017
	(in millions)
Secured Debt
Senior Secured Credit Facilities:
3.58% Term Loan B Facility due September 2023	$	4,988	$	4,987
Term Loan A-1 Facility due December 2018	—		600
3.33% Term Loan A-2 Facility due September 2021	4,394		3,876
3.08% Term Loan A-3 Facility due December 2018	1,213		1,800
3.33% Revolving Credit Facility due September 2021	—		375
First Lien Notes:
3.48% due June 2019	3,750		3,750
4.42% due June 2021	4,500		4,500
5.45% due June 2023	3,750		3,750
6.02% due June 2026	4,500		4,500
8.10% due July 2036	1,500		1,500
8.35% due July 2046	2,000		2,000
Unsecured Debt
Unsecured Notes and Debentures:
5.65% due April 2018	500		500
5.875% due June 2019	600		600
4.625% due April 2021	400		400
7.10% due April 2028	300		300
6.50% due April 2038	388		388
5.40% due September 2040	264		265
Senior Notes:
5.875% due June 2021	1,625		1,625
7.125% due June 2024	1,625		1,625
EMC Notes:
1.875% due June 2018	2,500		2,500
2.650% due June 2020	2,000		2,000
3.375% due June 2023	1,000		1,000
VMware Notes:
2.30% due August 2020	1,250		—
2.95% due August 2022	1,500		—
3.90% due August 2027	1,250		—
DFS Debt (Note 7)	4,796		3,464
Other
4.02% Margin Loan Facility due April 2022	2,000		—
Margin Bridge Facility due September 2017	—		2,500
VMware Note Bridge Facility due September 2017	—		1,500
Other	101		51
Total debt, principal amount	$	52,694	$	50,356



	February 2, 2018			February 3, 2017
	(in millions)
Total debt, principal amount	$	52,694		$	50,356
Unamortized discount, net of unamortized premium	(266		)	(284		)
Debt issuance costs	(557		)	(682		)
Total debt, carrying value	$	51,871		$	49,390
Total short-term debt, carrying value	$	7,873		$	6,329
Total long-term debt, carrying value	$	43,998		$	43,061

As of February 2, 2018, aggregate future maturities of the Company's debt were as follows:



	Maturities by Fiscal Year
	2019			2020			2021			2022			2023			Thereafter			Total
	(in millions)
Senior Secured Credit Facilities and First Lien Notes	$	1,541		$	4,245		$	371		$	7,888		$	63		$	16,487		$	30,595
Unsecured Notes and Debentures	500			600			—			400			—			952			2,452
Senior Notes and EMC Notes	2,500			—			2,000			1,625			—			2,625			8,750
VMware Notes	—			—			1,250			—			1,500			1,250			4,000
DFS Debt	3,328			847			530			82			9			—			4,796
Margin Loan Facility	—			—			—			—			2,000			—			2,000
Other	19			—			56			—			—			26			101
Total maturities, principal amount	7,888			5,692			4,207			9,995			3,572			21,340			52,694
Associated carrying value adjustments	(14		)	(32		)	(8		)	(192		)	(30		)	(547		)	(823		)
Total maturities, carrying value amount	$	7,874		$	5,660		$	4,199		$	9,803		$	3,542		$	20,793		$	51,871