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Debt (Tables)
3 Months Ended
Apr. 29, 2023
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 at Issuance

Coupon Rate

April 29,
2023

January 28,
2023

April 30,
2022

2023

3.25%

3.25%

$—

$164

$164

2023

4.78%

4.75%

111

111

111

2025

9.50%

9.75%

113

113

113

2025

4.25%

4.25%

353

353

353

2029

7.36%

7.25%

42

42

42

2031

3.40%

3.63%

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

 

 

1,759

1,923

1,923

Unamortized debt discounts and deferred financing costs

 

 

(11)

(11)

(13)

Current portion of unsecured senior debt

 

 

(111)

(275)

(164)

Long-term unsecured senior debt

 

 

$1,637

$1,637

$1,746

Effective interest rate at issuance

 

 

5.04%

4.89%

4.89%