Debt Obligations (Tables)

3 Months Ended

May 01, 2026

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


	May 1, 2026										January 30, 2026
	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 September 2030	4.90	%	4.98	%	$	1,100	$	(3)	$	1,097	$	1,100	$	(3)	$	1,097
Term Loan B3 Facility due February 2031	5.40	%	5.54	%	500		(3)		497		501		(3)		498
Senior Notes due April 2028	4.88	%	5.11	%	400		(2)		398		400		(2)		398
Senior Notes due November 2033	5.88	%	6.09	%	500		(6)		494		500		(6)		494
Total debt					$	2,500	$	(14)	$	2,486	$	2,501	$	(14)	$	2,487
Less current portion					26		—		26		19		—		19
Total debt, net of current portion					$	2,474	$	(14)	$	2,460	$	2,482	$	(14)	$	2,468

Schedule of Maturities of Long-term Debt

Maturities of debt as of May 1, 2026 are:


Fiscal Year	Total
	(in millions)
Remainder of 2027	$	18
2028	31
2029	489
2030	88
2031	899
Thereafter	975
Total principal payments	$	2,500

- 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