Long-Term Debt and Obligations Under Finance Leases (Tables)

12 Months Ended

Jan. 30, 2021

Long-Term Debt and Obligations Under Finance Leases [Abstract]

Schedule of Debt

The components of long-term debt and obligations under finance leases are as follows:

($ in millions)	January 30, 2021		February 1, 2020
8.5% debentures payable January 2022	$	98	$	118
Unamortized gain related to interest rate swaps (1)		2		4
Obligations under finance leases		10		—
	$	110	$	122
Current portion of debt and obligations under finance leases		102		—
	$	8	$	122

(1) In 2009, we 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.