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v3.19.1

Financing (Tables) | 12 Months Ended
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Feb. 02, 2019
Debt Disclosure [Abstract] |
Schedule of Company Debt | The Company’s debt is as follows:
| February 2, 2019 |  | February 3, 2018
| (millions)
Short-term debt: |  |  |
8.5% Senior debentures due 2019 | $ | 36 |  |  | $ | — |
Capital lease and current portion of other long-term obligations | 7 |  |  | 22 |
| $ | 43 |  |  | $ | 22 |
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 | 367 |  |  | 550 |
3.45% Senior notes due 2021 | 500 |  |  | 500 |
3.625% Senior notes due 2024 | 500 |  |  | 500 |
4.375% Senior notes due 2023 | 400 |  |  | 400 |
5.125% Senior debentures due 2042 | 250 |  |  | 250 |
4.3% Senior notes due 2043 | 250 |  |  | 250 |
6.7% Senior debentures due 2034 | 201 |  |  | 264 |
6.9% Senior debentures due 2029 | 192 |  |  | 397 |
6.375% Senior notes due 2037 | 192 |  |  | 269 |
6.65% Senior debentures due 2024 | 122 |  |  | 296 |
7.0% Senior debentures due 2028 | 117 |  |  | 298 |
6.7% Senior debentures due 2028 | 103 |  |  | 197 |
6.79% Senior debentures due 2027 | 71 |  |  | 165 |
6.9% Senior debentures due 2032 | 17 |  |  | 31 |
8.5% Senior debentures due 2019 | — |  |  | 36 |
10.25% Senior debentures due 2021 | 33 |  |  | 33 |
7.6% Senior debentures due 2025 | 24 |  |  | 24 |
8.75% Senior debentures due 2029 | 13 |  |  | 18 |
7.875% Senior debentures due 2030 | 10 |  |  | 12 |
9.5% amortizing debentures due 2021 | 6 |  |  | 10 |
9.75% amortizing debentures due 2021 | 3 |  |  | 6 |
Unamortized debt issue costs | (18 | ) |  | (25 | )
Unamortized debt discount | (9 | ) |  | (13 | )
Premium on acquired debt, using an effective interest yield of 5.542% to 7.144% | 39 |  |  | 67 |
Capital lease and other long-term obligations | 25 |  |  | 26 |
| $ | 4,708 |  |  | $ | 5,861 |
Schedule of Interest Expense and Losses (Gains) on Early Retirement of Debt | Interest expense and losses (gains) on early retirement of debt are as follows:
| 2018 |  | 2017 |  | 2016
| (millions)
Interest on debt | $ | 269 |  |  | $ | 332 |  |  | $ | 392 |
Amortization of debt premium | (7 | ) |  | (9 | ) |  | (22 | )
Amortization of financing costs and debt discount | 7 |  |  | 7 |  |  | 5 |
Interest on capitalized leases | 2 |  |  | 2 |  |  | 2 |
| 271 |  |  | 332 |  |  | 377 |
Less interest capitalized on construction | 10 |  |  | 11 |  |  | 10 |
Interest expense | $ | 261 |  |  | $ | 321 |  |  | $ | 367 |
Losses (gains) on early retirement of debt | $ | 33 |  |  | $ | (10 | ) |  | $ | — |
Future Maturities of Long-term Debt | Future maturities of long-term debt, other than capitalized leases, are shown below:
| (millions)
Fiscal year |
2020 | $ | 539 |
2021 | 553 |
2022 | — |
2023 | 1,150 |
2024 | 622 |
After 2024 | 1,807 |
Detail of Debt Repayments | The following table shows the detail of debt repayments:
| 2018 |  | 2017 |  | 2016
| (millions)
6.9% Senior debentures due 2029 | $ | 204 |  |  | $ | 3 |  |  | $ | — |
4.5% Senior notes due 2034 | 183 |  |  | — |  |  | — |
7.0% Senior debentures due 2028 | 182 |  |  | 2 |  |  | — |
6.65% Senior debentures due 2024 | 175 |  |  | 4 |  |  | — |
7.45% Senior debentures due 2017 | — |  |  | 300 |  |  | — |
6.7% Senior debentures due 2028 | 94 |  |  | 3 |  |  | — |
6.79% Senior debentures due 2027 | 94 |  |  | — |  |  | — |
6.375% Senior notes due 2037 | 77 |  |  | 231 |  |  | — |
6.7% Senior debentures due 2034 | 63 |  |  | 136 |  |  | — |
6.9% Senior debentures due 2032 | 15 |  |  | 219 |  |  | — |
8.75% Senior debentures due 2029 | 5 |  |  | 43 |  |  | — |
7.875% Senior debentures due 2030 | 2 |  |  | 6 |  |  | — |
5.9% Senior notes due 2016 | — |  |  | — |  |  | 577 |
7.875% Senior notes due 2036 | — |  |  | — |  |  | 108 |
7.45% Senior debentures due 2016 | — |  |  | — |  |  | 59 |
9.5% amortizing debentures due 2021 | 4 |  |  | 4 |  |  | 4 |
9.75% amortizing debentures due 2021 | 2 |  |  | 2 |  |  | 2 |
Capital leases and other obligations | 1 |  |  | 1 |  |  | 1 |
| $ | 1,101 |  |  | $ | 954 |  |  | $ | 751 |

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