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Long-Term Debt and Obligations Under Capital Leases
 12 Months Ended
Jan. 28, 2017
Long-Term Debt and Obligations Under Capital Leases [Abstract]  
Long-Term Debt and Obligations Under Capital Leases

13. Long-Term Debt and Obligations Under Capital Leases



 

 

 

 

 

 



 

 

 

 

 

 



 

2016

 

2015



 

($ in millions)

8.5% debentures payable January 2022

 

$

 118 

 

$

 118 

Unamortized gain related to interest rate swaps (1)

 

 

 9 

 

 

 11 

Obligations under capital leases

 

 

 —

 

 

 1 



 

$

 127 

 

$

 130 

Less: current portion of obligations under capital leases

 

 

 —

 

 

 1 



 

$

 127 

 

$

 129 





 

(1)

In 2009, the Company terminated an interest rate swap at a gain.  This gain is being amortized as part of interest expense over the remaining term of the debt using the effective-yield method.



Interest expense related to long-term debt and the amortization of the associated debt issuance costs was $8 million and $9 million as of January 28, 2017 and January 30, 2016, respectively.