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

12 Months Ended

Jan. 29, 2022

Long-Term Debt [Abstract]

Schedule of Debt

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

	January 29,		January 30,
($ in millions)	2022		2021
4% Senior Notes due 2029	$	394	$	—
8.5% debentures paid January 2022		—		98
Unamortized gain related to interest rate swaps (1)		—		2
Obligations under finance leases		63		10
	$	457	$	110
Current portion of debt and obligations under finance leases		6		102
	$	451	$	8

(1) In 2009, we terminated an interest rate swap at a gain. This gain was amortized as part of interest expense over the term of the debt using the effective-yield method.