Financing (Tables)

12 Months Ended

Feb. 02, 2013

Debt Disclosure [Abstract]

Schedule of Company Debt

The Company’s debt is as follows:

	February 2, 2013		January 28, 2012
	(millions)
Short-term debt:
7.625% Senior debentures due 2013	$	109	$	—
5.35% Senior notes due 2012	—		616
5.875% Senior notes due 2013	—		298
8.0% Senior debentures due 2012	—		173
Capital lease and current portion of other long-term obligations	15		16
	$	124	$	1,103
Long-term debt:
2.875% Senior notes due 2023	$	750	$	—
5.9% Senior notes due 2016	577		977
3.875% Senior notes due 2022	550		550
6.375% Senior notes due 2037	500		500
5.75% Senior notes due 2014	453		453
7.875% Senior notes due 2015 *	407		612
6.9% Senior debentures due 2029	400		400
6.7% Senior debentures due 2034	400		400
7.45% Senior debentures due 2017	300		300
6.65% Senior debentures due 2024	300		300
7.0% Senior debentures due 2028	300		300
6.9% Senior debentures due 2032	250		250
5.125% Senior debentures due 2042	250		250
4.3% Senior notes due 2043	250		—
6.7% Senior debentures due 2028	200		200
6.79% Senior debentures due 2027	165		165
7.875% Senior debentures due 2036	108		108
8.125% Senior debentures due 2035	76		76
7.5% Senior debentures due 2015	69		100
8.75% Senior debentures due 2029	61		61
7.45% Senior debentures due 2016	59		123
8.5% Senior debentures due 2019	36		36
10.25% Senior debentures due 2021	33		33
9.5% amortizing debentures due 2021	29		33
7.6% Senior debentures due 2025	24		24
9.75% amortizing debentures due 2021	16		18
7.875% Senior debentures due 2030	18		18
7.625% Senior debentures due 2013	—		109
Premium on acquired debt, using an effective    interest yield of 5.115% to 6.165%	191		216
Capital lease and other long-term obligations	34		43
	$	6,806	$	6,655

 ________________

* The rate of interest payable in respect of these senior notes was increased by one percent per annum to 8.875% in April 2009 as a result of a downgrade of the notes by specified rating agencies, was decreased by 0.50 percent per annum to 8.375% effective in May 2010 as a result of an upgrade of the notes by specified rating agencies, was decreased by 0.25 percent per annum to 8.125% effective in May 2011 as a result of an upgrade of the notes by specified rating agencies, and was decreased by 0.25 percent per annum to 7.875%, its stated interest rate, effective in January 2012 as a result of an upgrade of the notes by specified rating agencies. The rate of interest payable in respect of these senior notes could increase by up to 2.0% per annum from its current level in the event of one or more downgrades of the notes by specified rating agencies.

Schedule of Interest Expense and Premium on Early Retirement of Debt

Interest expense and premium on early retirement of debt is as follows:

	2012			2011			2010
	(millions)
Interest on debt	$	449		$	467		$	535
Amortization of debt premium	(19		)	(23		)	(31		)
Amortization of financing costs	7			8			11
Interest on capitalized leases	3			3			3
	440			455			518
Less interest capitalized on construction	15			8			5
Interest expense	$	425		$	447		$	513
Premium on early retirement of debt	$	137		$	—		$	66

Future Maturities of Long-term Debt

Future maturities of long-term debt, other than capitalized leases and premium on acquired debt, are shown below:

	(millions)
Fiscal year
2014	$	461
2015	481
2016	642
2017	306
2018	6
After 2018	4,687

Detail of Debt Repayments

The following table shows the detail of debt repayments:

	2012		2011		2010
	(millions)
5.35% Senior notes due 2012	$	616	$	—	$	484
5.90% Senior notes due 2016	400		—		123
5.875% Senior notes due 2013	298		—		52
7.875% Senior notes due 2015	205		—		38
8.0% Senior debentures due 2012	173		—		27
7.45% Senior debentures due 2016	64		—		2
7.5% Senior debentures due 2015	31		—		—
6.625% Senior notes due 2011	—		330		170
7.45% Senior debentures due 2011	—		109		41
10.625% Senior debentures due 2010	—		—		150
8.5% Senior notes due 2010	—		—		76
5.75% Senior notes due 2014	—		—		47
7.625% Senior debentures due 2013	—		—		16
9.5% amortizing debentures due 2021	4		4		4
9.75% amortizing debentures due 2021	2		2		2
Capital leases and other obligations	10		9		13
	$	1,803	$	454	$	1,245