Long-Term Debt (Tables)

12 Months Ended

Feb. 03, 2024

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt recorded on the Consolidated Balance Sheets consists of the following:

($ in millions)	February 3, 2024		January 28, 2023
2029 Notes	$	750	$	750
2031 Notes	750		750
Less: Unamortized debt issuance costs	(12)		(14)
Total long-term debt	$	1,488	$	1,486

Schedule of Maturities of Long-term Debt

The scheduled maturity of the Senior Notes is as follows:

($ in millions)	Principal		Interest Rate	Interest Payments
October 1, 2029 (1)	$	750	3.625%	Semi-Annual
October 1, 2031 (2)	750		3.875%	Semi-Annual
Total issuance	$	1,500

__________

(1)Includes an option to redeem the 2029 Notes, in whole or in part at any time, subject to a make-whole premium, prior to October 1, 2024. On or after October 1, 2024, includes an option to redeem the 2029 Notes, in whole or in part at any time, at stated redemption prices.

(2)Includes an option to redeem the 2031 Notes, in whole or in part at any time, subject to a make-whole premium, prior to October 1, 2026. On or after October 1, 2026, includes an option to redeem the 2031 Notes, in whole or in part at any time, at stated redemption prices.