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Long-term Debt and Borrowing Facilities (Tables)
3 Months Ended
May 03, 2025
Long-Term Debt, by Current and Noncurrent [Abstract]  
Schedule of Long-term Debt Instruments
The following table provides the Company’s outstanding Long-term Debt balances, net of unamortized debt issuance costs and discounts, as of May 3, 2025, February 1, 2025 and May 4, 2024:
May 3,
2025
February 1,
2025
May 4,
2024
(in millions)
Senior Debt with Subsidiary Guarantee
$500 million, 9.375% Fixed Interest Rate Notes due July 2025 (“2025 Notes”)
$— $— $313 
$284 million, 6.694% Fixed Interest Rate Notes due January 2027 (“2027 Notes”)
277 277 287 
$444 million, 5.250% Fixed Interest Rate Notes due February 2028 (“2028 Notes”)
443 443 450 
$482 million, 7.500% Fixed Interest Rate Notes due June 2029 (“2029 Notes”)
476 476 485 
$844 million, 6.625% Fixed Interest Rate Notes due October 2030 (“2030 Notes”)
839 838 893 
$802 million, 6.875% Fixed Interest Rate Notes due November 2035 (“2035 Notes”)
797 796 800 
$575 million, 6.750% Fixed Interest Rate Notes due July 2036 (“2036 Notes”)
571 571 571 
Total Senior Debt with Subsidiary Guarantee3,403 3,401 3,799 
Senior Debt
$284 million, 6.950% Fixed Interest Rate Debentures due March 2033 (“2033 Notes”)
283 283 283 
$201 million, 7.600% Fixed Interest Rate Notes due July 2037 (“2037 Notes”)
200 200 200 
Total Senior Debt483 483 483 
Total Long-term Debt$3,886 $3,884 $4,282 
Schedule of Long-Term Debt Repurchases
The following table provides details of the outstanding principal amounts of senior notes repurchased and extinguished during the first quarter of and the full year 2024:
First QuarterFull Year
(in millions)
2025 Notes$— $314 
2027 Notes— 14 
2028 Notes10 17 
2029 Notes17 
2030 Notes38 94 
2033 Notes10 10 
2035 Notes10 
2036 Notes38 38 
Total$109 $514