Debt Obligations (Tables)

6 Months Ended

Aug. 01, 2025

The Company’s debt as of the dates presented was as follows:


	August 1, 2025										January 31, 2025
	Stated interest rate		Effective interest rate		Principal		Unamortized debt issuance costs		Net		Principal		Unamortized debt issuance costs		Net
	(dollars in millions)
Term Loan A Facility due June 2027	5.71	%	5.82	%	$	1,076	$	(2)	$	1,074	$	1,122	$	(2)	$	1,120
Term Loan B3 Facility due February 2031	6.11	%	6.25	%	504		(3)		501		506		(3)		503
Senior Notes due April 2028	4.88	%	5.11	%	400		(3)		397		400		(3)		397
Revolving Credit Facility due June 2027(1)	6.31	%	—	%	320		—		320		200		—		200
Total debt					$	2,300	$	(8)	$	2,292	$	2,228	$	(8)	$	2,220
Less current portion					448		—		448		313		—		313
Total debt, net of current portion					$	1,852	$	(8)	$	1,844	$	1,915	$	(8)	$	1,907

(1) The stated interest rate for the Revolving Credit Facility due June 2027 reflects the weighted average interest rate for outstanding borrowings as of August 1, 2025.

Schedule of Maturities of Long-term Debt

Maturities of debt as of August 1, 2025 are:


Fiscal Year	Total
	(in millions)
Remainder of 2026	$	385
2027	128
2028	896
2029	406
2030	5
Thereafter	480
Total principal payments	$	2,300

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details