We have a $1.25 billion five year senior unsecured revolving credit facility agreement with a syndicate of banks. The agreement permits borrowings of up to $1.25 billion and expires in April 2023. There were no borrowings outstanding as of August 3, 2019, February 2, 2019, or August 4, 2018.



	August 3, 2019		February 2, 2019		August 4, 2018
Notes, 5.50%, due March 15, 2021	$	650	$	650	$	650
Notes, 4.45%, due October 1, 2028		500		500		-
Interest rate swap valuation adjustments		78		25		(7)
Subtotal		1,228		1,175		643
Debt discounts and issuance costs		(6)		(7)		(2)
Financing lease obligations ⁽¹⁾		-		181		188
Capital lease obligations ⁽¹⁾		-		39		19
Finance lease obligations ⁽¹⁾		39		-		-
Total long-term debt		1,261		1,388		848
Less current portion		14		56		47
Total long-term debt, less current portion	$	1,247	$	1,332	$	801

(1)See Note 4, Leases, for additional information regarding our lease obligations.

The fair value of total long-term debt, excluding debt discounts and issuance costs and lease obligations, approximated $1,295 million, $1,178 million, and $673 million as of August 3, 2019, February 2, 2019, and August 4, 2018, respectively, based primarily on market prices quoted from external sources, compared with carrying values of $1,228 million, $1,175 million, and $643 million, respectively. If long-term debt were measured at fair value in the financial statements, it would be classified primarily as Level 2 in the fair value hierarchy.

See Note 6, Debt, in the Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended February 2, 2019, for additional information regarding the terms of our other debt facilities, debt instruments and other obligations.