13. Long-Term Debt


	2018		2017
	($ in millions)
8.5% debentures payable January 2022	$	118	$	118
Unamortized gain related to interest rate swaps (1)		6		7
	$	124	$	125

(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 for the years ended February 2, 2019 and February 3, 2018, respectively.