XML 30 R14.htm IDEA: XBRL DOCUMENT
v3.19.1

Debt | 3 Months Ended
--- | ---
May 04, 2019
Debt [Abstract] |
Debt | 6. Debt ﻿ Short-Term Debt ﻿ We have a $1.25 billion five-year senior unsecured revolving credit facility agreement with a syndicate of banks. The agreement permits borrowings of up to $1.25 billion and expires in April 2023. There were no borrowings outstanding as of May 4, 2019, February 2, 2019, or May 5, 2018. ﻿ Long-Term Debt ﻿ Long-term debt consisted of the following a s of May 4, 2019, February 2, 2019, and May 5, 2018 ($ in millions): ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿ | May 4, 2019 |  | February 2, 2019 |  | May 5, 2018
﻿Notes, 5.00%, due August 1, 2018 | $ | - |  |  | $ | - |  |  | $ | 500 |
﻿Notes, 5.50%, due March 15, 2021 |  | 650 |  |  |  | 650 |  |  |  | 650 |
﻿Notes, 4.45%, due October 1, 2028 |  | 500 |  |  |  | 500 |  |  |  | - |
﻿Interest rate swap valuation adjustments |  | 23 |  |  |  | 25 |  |  |  | (10) |
﻿Subtotal |  | 1,173 |  |  |  | 1,175 |  |  |  | 1,140 |
﻿Debt discounts and issuance costs |  | (7) |  |  |  | (7) |  |  |  | (2) |
﻿Financing lease obligations (1) |  | - |  |  |  | 181 |  |  |  | 184 |
﻿Capital lease obligations (1) |  | - |  |  |  | 39 |  |  |  | 20 |
﻿Finance lease obligations (1) |  | 41 |  |  |  | - |  |  |  | - |
﻿Total long-term debt |  | 1,207 |  |  |  | 1,388 |  |  |  | 1,342 |
﻿Less current portion |  | 14 |  |  |  | 56 |  |  |  | 550 |
﻿Total long-term debt, less current portion | $ | 1,193 |  |  | $ | 1,332 |  |  | $ | 792 |
﻿ ﻿ ﻿
| (1) |  | See Note 3, Leases, for additional information regarding our lease obligations.
﻿ The fair value of total long-term debt, excluding debt discounts and issuance costs and lease obligations, approximated $1,213 million, $1,178 million, and $1,176 million a s of May 4, 2019, February 2, 2019, and May 5, 2018, respectively, based primarily on the market prices quoted from external sources, compared with carrying values of $1,173 million, $1,175 million, and $1,140 million, respectively. If long-term debt w ere measured at fair value in the financial statements, it would be classified primarily as Level 2 in the fair value hierarchy. ﻿ The $500 million principal amount of notes due August 1, 2018, were repaid using existing cash resources and on September 27, 2018, we issued $500 million principal amount of notes due October 1, 2028. ﻿ See Note 6, Debt, in the Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended February 2, 2019, for additional information regarding the terms of our other debt facilities, debt instruments and other obligations.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
Name: | us-gaap_DebtDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration