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Debt (Tables) | 12 Months Ended
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Feb. 01, 2025
Debt Disclosure [Abstract] |
Schedule of Long-term Debt | Unsecured senior debt (the “Senior Notes”), net of unamortized discounts and debt issuance costs, as of February 1, 2025 and February 3, 2024 consisted of the following:
($000) |  | 2024 |  | 2023
3.375% Senior Notes due 2024 |  | $ | — |  |  | $ | 249,713 |
4.600% Senior Notes due 2025 |  | 699,731 |  |  | 698,441 |
0.875% Senior Notes due 2026 |  | 498,503 |  |  | 497,268 |
4.700% Senior Notes due 2027 |  | 240,778 |  |  | 240,335 |
4.800% Senior Notes due 2030 |  | 132,953 |  |  | 132,776 |
1.875% Senior Notes due 2031 |  | 496,390 |  |  | 495,820 |
5.450% Senior Notes due 2050 |  | 146,456 |  |  | 146,377 |
Total long-term debt 1 |  | $ | 2,214,811 |  |  | $ | 2,460,730 |
Less: current portion |  | $ | 699,731 |  |  | $ | 249,713 |
Total due beyond one year |  | $ | 1,515,080 |  |  | $ | 2,211,017 |
1 Net of unamortized discount and debt issuance costs of $10.2 million and $14.3 million as of February 1, 2025 and February 3, 2024, respectively.
Schedule of Annual Principal Payments of Long-term Debt | The following table shows scheduled annual principal payments on long-term debt:
($000) |  |  |
2025 |  |  | $ | 700,000 |
2026 |  |  | $ | 500,000 |
2027 |  |  | $ | 241,786 |
Thereafter |  |  | $ | 783,205 |
Revolving credit facilities. The Company’s $1.3 billion senior unsecured revolving credit facility (“Credit Facility”) expires in February 2027 and may be extended at the Company’s request for up to two additional one-year periods subject to customary conditions. The Credit Facility contains a $300 million sublimit for issuance of standby letters of credit. It also contains an option allowing the Company to increase the size of its Credit Facility by up to an additional $700 million, with the agreement of the committing lenders. Interest on borrowings under this Credit Facility is a term rate based on the Secured Overnight Financing Rate (“Term SOFR”) (or an alternate benchmark rate, if Term SOFR is no longer available) plus an applicable margin and is payable quarterly and upon maturity. The Credit Facility is subject to a quarterly Consolidated Adjusted Debt to Consolidated EBITDAR financial leverage ratio covenant. As of February 1, 2025, the Company was in compliance with the financial covenant, had no borrowings or standby letters of credit outstanding under the Credit Facility, and the $1.3 billion Credit Facility remained in place and available.

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