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Debt (Tables)
6 Months Ended
Jul. 30, 2022
Debt Disclosure [Abstract]  
Components of Long-term Debt

Long-term debt, which excludes borrowings on the revolving credit facility, consists of the following unsecured debt:

 

 

 

 

Outstanding

Maturity (Dollars in Millions)

Effective Rate

Coupon Rate

July 30,
2022

January 29,
2022

July 31,
2021

2023

3.25%

3.25%

$164

$164

$164

2023

4.78%

4.75%

111

111

111

2025

9.50%

9.50%

113

113

113

2025

4.25%

4.25%

353

353

353

2029

7.36%

7.25%

42

42

42

2031

3.40%

3.38%

500

500

500

2033

6.05%

6.00%

112

112

112

2037

6.89%

6.88%

101

101

101

2045

5.57%

5.55%

427

427

427

Outstanding unsecured senior debt

 

 

1,923

1,923

1,923

Unamortized debt discounts and deferred financing costs

 

 

           (12)

           (13)

           (14)

Current portion of unsecured senior debt

 

 

         (164)

  —

  —

Long-term unsecured senior debt

 

 

$1,747

$1,910

$1,909

Effective interest rate

 

 

4.89%

4.89%

4.89%