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Financing (Tables) | 12 Months Ended
--- | ---
Jan. 30, 2016
Debt Disclosure [Abstract] |
Schedule of Company Debt | The Company’s debt is as follows:
| January 30, 2016 |  | January 31, 2015
| (millions)
Short-term debt: |  |  |
5.9% Senior notes due 2016 | $ | 577 |  |  | $ | — |
7.45% Senior debentures due 2016 | 59 |  |  | — |
7.5% Senior debentures due 2015 | — |  |  | 69 |
Capital lease and current portion of other long-term obligations | 6 |  |  | 7 |
| $ | 642 |  |  | $ | 76 |
Long-term debt: |  |  |
2.875% Senior notes due 2023 | $ | 750 |  |  | $ | 750 |
3.875% Senior notes due 2022 | 550 |  |  | 550 |
4.5% Senior notes due 2034 | 550 |  |  | 550 |
3.45% Senior notes due 2021 | 500 |  |  | — |
3.625% Senior notes due 2024 | 500 |  |  | 500 |
6.375% Senior notes due 2037 | 500 |  |  | 500 |
4.375% Senior notes due 2023 | 400 |  |  | 400 |
6.9% Senior debentures due 2029 | 400 |  |  | 400 |
6.7% Senior debentures due 2034 | 400 |  |  | 400 |
7.45% Senior debentures due 2017 | 300 |  |  | 300 |
6.65% Senior debentures due 2024 | 300 |  |  | 300 |
7.0% Senior debentures due 2028 | 300 |  |  | 300 |
6.9% Senior debentures due 2032 | 250 |  |  | 250 |
5.125% Senior debentures due 2042 | 250 |  |  | 250 |
4.3% Senior notes due 2043 | 250 |  |  | 250 |
6.7% Senior debentures due 2028 | 200 |  |  | 200 |
6.79% Senior debentures due 2027 | 165 |  |  | 165 |
7.875% Senior debentures due 2036 | 108 |  |  | 108 |
8.75% Senior debentures due 2029 | 61 |  |  | 61 |
8.5% Senior debentures due 2019 | 36 |  |  | 36 |
10.25% Senior debentures due 2021 | 33 |  |  | 33 |
7.6% Senior debentures due 2025 | 24 |  |  | 24 |
7.875% Senior debentures due 2030 | 18 |  |  | 18 |
9.5% amortizing debentures due 2021 | 17 |  |  | 21 |
9.75% amortizing debentures due 2021 | 9 |  |  | 12 |
5.9% Senior notes due 2016 | — |  |  | 577 |
8.125% Senior debentures due 2035 | — |  |  | 76 |
7.45% Senior debentures due 2016 | — |  |  | 59 |
Unamortized debt issue costs | (32 | ) |  | (32 | )
Unamortized debt discount | (16 | ) |  | (18 | )
Premium on acquired debt, using an effective interest yield of 5.415% to 6.165% | 143 |  |  | 164 |
Capital lease and other long-term obligations | 29 |  |  | 29 |
| $ | 6,995 |  |  | $ | 7,233 |
Schedule of Interest Expense and Premium on Early Retirement of Debt | Interest expense and premium on early retirement of debt is as follows:
| 2015 |  | 2014 |  | 2013
| (millions)
Interest on debt | $ | 393 |  |  | $ | 411 |  |  | $ | 407 |
Amortization of debt premium | (21 | ) |  | (12 | ) |  | (15 | )
Amortization of financing costs and debt discount | 6 |  |  | 7 |  |  | 7 |
Interest on capitalized leases | 2 |  |  | 2 |  |  | 2 |
| 380 |  |  | 408 |  |  | 401 |
Less interest capitalized on construction | 17 |  |  | 13 |  |  | 11 |
Interest expense | $ | 363 |  |  | $ | 395 |  |  | $ | 390 |
Premium on early retirement of debt | $ | — |  |  | $ | 17 |  |  | $ | — |
Future Maturities of Long-term Debt | Future maturities of long-term debt, other than capitalized leases, are shown below:
| (millions)
Fiscal year |
2017 | $ | 306 |
2018 | 6 |
2019 | 41 |
2020 | 539 |
2021 | 553 |
After 2021 | 5,426 |
Detail of Debt Repayments | The following table shows the detail of debt repayments:
| 2015 |  | 2014 |  | 2013
| (millions)
7.5% Senior debentures due 2015 | $ | 69 |  |  | $ | — |  |  | $ | — |
8.125% Senior debentures due 2035 | 76 |  |  | — |  |  | — |
5.75% Senior notes due 2014 | — |  |  | 453 |  |  | — |
7.875% Senior notes due 2015 | — |  |  | 407 |  |  | — |
7.625% Senior debentures due 2013 | — |  |  | — |  |  | 109 |
9.5% amortizing debentures due 2021 | 4 |  |  | 4 |  |  | 4 |
9.75% amortizing debentures due 2021 | 3 |  |  | 2 |  |  | 2 |
Capital leases and other obligations | — |  |  | 4 |  |  | 9 |
| $ | 152 |  |  | $ | 870 |  |  | $ | 124 |

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