Financing (Tables)

12 Months Ended

Jan. 30, 2021

Debt Disclosure [Abstract]

Schedule of Company Debt

The Company’s debt is as follows:

	January 30,			February 1,
	2021			2020
	(millions)
Short-term debt:
3.875% Senior notes due 2022	$	450		$	—
3.45% Senior notes due 2021		—			500
10.25% Senior debentures due 2021		—			33
Current portion of other long-term obligations		2			6
	$	452		$	539
Long-term debt:
8.375% Senior secured notes due 2025	$	1,300		$	—
6.65% Senior secured debentures due 2024		81			—
6.7% Senior secured debentures due 2028		74			—
8.75% Senior secured debentures due 2029		13			—
7.875% Senior secured debentures due 2030		5			—
6.9% Senior secured debentures due 2032		5			—
6.7% Senior secured debentures due 2034		183			—
9.5% amortizing debentures due 2021		—			2
9.75% amortizing debentures due 2021		—			1
3.875% Senior notes due 2022		—			450
2.875% Senior notes due 2023		640			640
4.375% Senior notes due 2023		210			210
3.625% Senior notes due 2024		500			500
4.5% Senior notes due 2034		367			367
6.375% Senior notes due 2037		192			192
5.125% Senior notes due 2042		250			250
4.3% Senior notes due 2043		250			250
6.65% Senior debentures due 2024		41			122
7.6% Senior debentures due 2025		24			24
6.79% Senior debentures due 2027		71			71
7.0% Senior debentures due 2028		105			105
6.7% Senior debentures due 2028		29			103
6.9% Senior debentures due 2029		79			79
8.75% Senior debentures due 2029		—			13
7.875% Senior debentures due 2030		5			10
6.9% Senior debentures due 2032		12			17
6.7% Senior debentures due 2034		18			201
Unamortized debt issue costs and discount		(77	)		(20	)
Premium on acquired debt, using an effective interest yield of 5.760% to    7.144%		30			34
	$	4,407		$	3,621

Schedule of Interest Expense and Losses on Early Retirement of Debt

Interest expense and losses on early retirement of debt are as follows:

	2020			2019			2018
				(millions)
Interest on debt	$	273		$	211		$	269
Amortization of debt premium		(4	)		(5	)		(7	)
Amortization of financing costs and debt discount		23			6			7
Interest on capitalized leases		1			2			2
		293			214			271
Less interest capitalized on construction		9			9			10
Interest expense	$	284		$	205		$	261
Losses on early retirement of debt	$	—		$	30		$	33

Future Maturities of Long-term Debt

Future maturities of long-term debt are shown below:

	(millions)
Fiscal year
2022	$	—
2023		850
2024		622
2025		1,324
2026		—
After 2026		1,658

Detail of Debt Repayments

The following table shows the detail of debt repayments:

	2020		2019		2018
			(millions)
3.45% Senior notes due 2021	$	500	$	—	$	—
6.9% Senior debentures due 2029		—		113		204
4.5% Senior notes due 2034		—		—		183
7.0% Senior debentures due 2028		—		12		182
4.375% Senior notes due 2023		—		190		—
3.875% Senior notes due 2022		—		100		—
2.875% Senior notes due 2023		—		110		—
6.65% Senior debentures due 2024		—		—		175
6.7% Senior debentures due 2028		—		—		94
6.79% Senior debentures due 2027		—		—		94
6.375% Senior notes due 2037		—		—		77
6.7% Senior debentures due 2034		—		—		63
6.9% Senior debentures due 2032		—		—		15
8.75% Senior debentures due 2029		—		—		5
7.875% Senior debentures due 2030		—		—		2
8.5% Senior debentures due 2019		—		36		—
9.5% amortizing debentures due 2021		4		4		4
9.75% amortizing debentures due 2021		2		2		2
10.25% Senior debentures due 2021		33		—		—
Revolving credit facility		1,500		—		—
Other obligations		—		—		1
	$	2,039	$	567	$	1,101