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Debt
 3 Months Ended
Apr. 29, 2023
Debt Disclosure [Abstract]  
Debt Debt
Long-term debt. Unsecured senior debt (the “Senior Notes”), net of unamortized discounts and debt issuance costs, consisted of the following:

($000)April 29, 2023January 28, 2023April 30, 2022
3.375% Senior Notes due 2024
$249,370 $249,257 $248,920 
4.600% Senior Notes due 2025
697,480 697,161 696,205 
0.875% Senior Notes due 2026
496,345 496,038 495,119 
4.700% Senior Notes due 2027
240,007 239,899 239,577 
4.800% Senior Notes due 2030
132,645 132,602 132,473 
1.875% Senior Notes due 2031
495,395 495,254 494,831 
5.450% Senior Notes due 2050
146,319 146,299 146,242 
Total Long-term debt$2,457,561 $2,456,510 $2,453,367 

Interest on all Senior Notes is payable semi-annually and the Senior Notes are subject to prepayment penalties for early payment of principal.

As of April 29, 2023, January 28, 2023, and April 30, 2022, total unamortized discount and debt issuance costs were $17.4 million, $18.5 million, and $21.6 million, respectively, and were classified as a reduction of Long-term debt.

The aggregate fair value of the seven outstanding series of Senior Notes was approximately $2.3 billion as of April 29, 2023 and January 28, 2023, and approximately $2.4 billion as of April 30, 2022. The fair value is estimated by obtaining comparable market quotes which are considered to be Level 1 inputs under the fair value measurements and disclosures guidance.

Revolving credit facilities. The Company’s $1.3 billion senior unsecured revolving credit facility (“Credit Facility”) expires in February 2027 and may be extended at the Company’s request for up to two additional one year periods subject to customary conditions. The Credit Facility contains a $300 million sublimit for issuance of standby letters of credit. It also contains an option allowing the Company to increase the size of its Credit Facility by up to an additional $700 million, with the agreement of the committing lenders. Interest on borrowings under this Credit Facility is a term rate based on the Secured Overnight Financing Rate (“Term SOFR”) (or an alternate benchmark rate, if Term SOFR is no longer available) plus an applicable margin and is payable quarterly and upon maturity.

The Credit Facility is subject to a quarterly Consolidated Adjusted Debt to Consolidated EBITDAR financial leverage ratio covenant. As of April 29, 2023, the Company was in compliance with the financial covenant, had no borrowings or standby letters of credit outstanding under the Credit Facility, and the $1.3 billion Credit Facility remained in place and available.

The table below shows the components of interest expense and income for the three month periods ended April 29, 2023 and April 30, 2022:

Three Months Ended
($000)April 29, 2023April 30, 2022
Interest expense on long-term debt$21,166 $21,154 
Other interest expense373 388 
Capitalized interest(2,108)(2,651)
Interest income(50,828)(1,195)
Interest (income) expense, net$(31,397)$17,696