v3.25.2
Debt (Tables)
6 Months Ended
Aug. 02, 2025
Debt Disclosure [Abstract]  
Components of Long-term Debt

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

 

 

 

 

Outstanding

Maturity (Dollars in Millions)

Effective Rate at Issuance

Coupon Rate

August 2, 2025

February 1, 2025

August 3, 2024

2025

4.25%

4.25%

$

$353

$353

2029

7.36%

7.25%

42

42

42

2030

10.25%

10.00%

360

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 secured and unsecured senior debt

 

 

1,542

1,535

1,535

Unamortized debt discounts and deferred financing costs

 

 

(22)

(8)

(9)

Current portion of secured and unsecured senior debt

 

 

(353)

(353)

Long-term secured and unsecured senior debt

 

 

$1,520

$1,174

$1,173

Effective interest rate at issuance

 

 

6.13%

4.73%

4.73%