XML 26 R12.htm IDEA: XBRL DOCUMENT
v3.20.2

Debt | 6 Months Ended
--- | ---
Aug. 01, 2020
Debt [Abstract] |
Debt | 4. Debt Short-Term Debt In light of the uncertainty surrounding the impact of COVID-19 and to maximize liquidity, we executed a short-term draw on the full amount of our $1.25 billion Facility on March 19, 2020, which remained outstanding until July 27, 2020, when the Facility was repaid in full. There were no borrowings outstanding under the Facility as of August 1, 2020, February 1, 2020, or August 3, 2019. Information regarding our short-term debt for the six months ended August 1, 2020, was as follows ($ in millions):
|  | Average Amount Outstanding |  | Maximum Amount Outstanding |  | Weighted Average Interest Rate
Short-term debt |  | $ | 893 |  |  | $ | 1,250 |  |  |  | 1.4 | %
Long-Term Debt Long-term debt consisted of the following ($ in millions):
|  |  |  |  |  |  |  |  |  | August 1, 2020 |  | February 1, 2020 |  | August 3, 2019
Notes, 5.50%, due March 15, 2021 |  | $ | 650 |  |  | $ | 650 |  |  | $ | 650 |
Notes, 4.45%, due October 1, 2028 |  |  |  | 500 |  |  |  | 500 |  |  |  | 500 |
Interest rate swap valuation adjustments |  |  | 133 |  |  |  | 89 |  |  |  | 78 |
Subtotal |  |  |  | 1,283 |  |  |  | 1,239 |  |  |  | 1,228 |
Debt discounts and issuance costs |  |  | (5) |  |  |  | (6) |  |  |  | (6) |
Finance lease obligations |  |  | 35 |  |  |  | 38 |  |  |  | 39 |
Total long-term debt |  |  | 1,313 |  |  |  | 1,271 |  |  |  | 1,261 |
Less current portion |  |  | 681 |  |  |  | 14 |  |  |  | 14 |
Total long-term debt, less current portion |  | $ | 632 |  |  | $ | 1,257 |  |  | $ | 1,247 |
See Note 2, Fair Value Measurements, for the fair value of long-term debt.

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