v3.25.1
Debt (Tables)
3 Months Ended
May 03, 2025
Debt Disclosure [Abstract]  
Components of Long-term Debt

Long-term debt, which excludes borrowings on the revolving credit facility, consists of the following unsecured debt:

 

 

 

 

Outstanding

Maturity (Dollars in Millions)

Effective Rate at Issuance

Coupon Rate

May 3, 2025

February 1, 2025

May 4, 2024

2025

9.50%

10.75%

$

$

$113

2025

4.25%

4.25%

353

353

353

2029

7.36%

7.25%

42

42

42

2031

3.40%

5.13%

500

500

500

2033

6.05%

6.00%

112

112

112

2037

6.89%

6.88%

101

101

101

2045

5.57%

5.55%

427

427

427

Outstanding unsecured senior debt

 

 

1,535

1,535

1,648

Unamortized debt discounts and deferred financing costs

 

 

(8)

(8)

(10)

Current portion of unsecured senior debt

 

 

(353)

(353)

Long-term unsecured senior debt

 

 

$1,174

$1,174

$1,638

Effective interest rate at issuance

 

 

4.73%

4.73%

5.06%