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v3.24.1

Financing (Tables) | 12 Months Ended
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Feb. 03, 2024
Debt Disclosure [Abstract] |
Schedule of Company Debt | The Company's debt is as follows:
| February 3, 2024 |  | January 28, 2023
(millions)
Long-term debt: |  |  |
5.875% Senior notes due 2029 | $ | 500 |  |  | $ | 500 |
5.875% Senior notes due 2030 | 425 |  |  | 425 |
6.125% Senior notes due 2032 | 425 |  |  | 425 |
4.5% Senior notes due 2034 | 367 |  |  | 367 |
5.125% Senior notes due 2042 | 250 |  |  | 250 |
4.3% Senior notes due 2043 | 250 |  |  | 250 |
6.375% Senior notes due 2037 | 192 |  |  | 192 |
6.7% Senior exchanged debentures due 2034 | 181 |  |  | 181 |
7.0% Senior debentures due 2028 | 105 |  |  | 105 |
6.9% Senior debentures due 2029 | 79 |  |  | 79 |
6.7% Senior exchanged debentures due 2028 | 73 |  |  | 73 |
6.79% Senior debentures due 2027 | 71 |  |  | 71 |
6.7% Senior debentures due 2028 | 29 |  |  | 29 |
6.7% Senior debentures due 2034 | 18 |  |  | 18 |
8.75% Senior exchanged debentures due 2029 | 13 |  |  | 13 |
6.9% Senior debentures due 2032 | 12 |  |  | 12 |
7.6% Senior debentures due 2025 | 6 |  |  | 6 |
7.875% Senior exchanged debentures due 2030 | 5 |  |  | 5 |
7.875% Senior debentures due 2030 | 5 |  |  | 5 |
6.9% Senior exchanged debentures due 2032 | 1 |  |  | 1 |
Unamortized debt issue costs and discount | (25) |  |  | (28) |
Premium on acquired debt, using an effective interest yield of 5.76% to 6.021% | 16 |  | 17
| $ | 2,998 |  |  | $ | 2,996 |
Schedule of Interest Expense and Losses on Early Retirement | Interest expense and losses on early retirement of debt are as follows:
| 2023 |  | 2022 |  | 2021
|  | (millions) |  |
Interest on debt | $ | 187 |  |  | $ | 185 |  |  | $ | 246 |
Amortization of debt premium | (2) |  |  | (2) |  |  | (3) |
Amortization of financing costs and debt discount | 12 |  |  | 13 |  |  | 26 |
Interest on finance leases | 1 |  |  | 1 |  |  | 1 |
| 198 |  |  | 197 |  |  | 270 |
Less interest capitalized on construction | 28 |  |  | 22 |  |  | 14 |
Interest expense | $ | 170 |  |  | $ | 175 |  |  | $ | 256 |
Losses on early retirement of debt | $ | — |  |  | $ | 31 |  |  | $ | 199 |
Schedule of Future Maturities of Long-term Debt | Future maturities of long-term debt are shown below:
| (millions)
Fiscal year |
2025 | $ | 6 |
2026 | — |
2027 | 71 |
2028 | 207 |
2029 | 592 |
After 2029 | 2,131 |
Schedule of Debt Repayments | The following table shows the detail of debt repayments:
| 2023 |  | 2022 |  | 2021
|  |  | (millions) |  |
Revolving credit facility | $ | 961 |  |  | $ | 1,959 |  |  | $ | 585 |
2.875% Senior notes due 2023 | — |  |  | 504 |  |  | 136 |
3.625% Senior notes due 2024 | — |  |  | 350 |  |  | 150 |
4.375% Senior notes due 2023 | — |  |  | 161 |  |  | 49 |
6.65% Senior debentures due 2024 | — |  |  | 81 |  |  | 5 |
6.65% Debentures due 2024 | — |  |  | 36 |  |  | — |
6.9% Senior debentures due 2032 | — |  |  | 4 |  |  | — |
6.7% Senior debentures due 2034 | — |  |  | 2 |  |  | — |
6.7% Senior debentures due 2028 | — |  |  | 1 |  |  | — |
8.375% Senior secured notes due 2025 | — |  |  | — |  |  | 1,300 |
3.875% Senior notes due 2022 | — |  |  | — |  |  | 450 |
7.6% Senior debentures due 2025 | — |  |  | — |  |  | 18 |
9.5% amortizing debentures due 2021 | — |  |  | — |  |  | 2 |
9.75% amortizing debentures due 2021 | — |  |  | — |  |  | 1 |
| $ | 961 |  |  | $ | 3,098 |  |  | $ | 2,696 |

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