v3.26.1
Debt
 3 Months Ended
May 02, 2026
Debt Disclosure [Abstract]  
Debt Debt
Short-Term Debt

U.S. Revolving Credit Facility

We have a $1.25 billion five-year senior unsecured revolving credit facility agreement (the “Five-Year Facility Agreement”) with a syndicate of banks that expires in April 2030. There were no borrowings outstanding under the Five-Year Facility Agreement as of May 2, 2026, January 31, 2026, or May 3, 2025.
Long-Term Debt

Long-term debt consisted of the following ($ in millions):
May 2, 2026January 31, 2026May 3, 2025
Notes, 4.45%, due October 1, 2028 ("2028 Notes")
$500 $500 $500 
Notes, 1.95%, due October 1, 2030 ("2030 Notes")
650 650 650 
Interest rate swap valuation adjustments(8)(1)(8)
Subtotal1,142 1,149 1,142 
Debt discounts and issuance costs(5)(5)(6)
Finance lease obligations32 32 27 
Total long-term debt1,169 1,176 1,163 
Less current portion11 11 10 
Total long-term debt, less current portion$1,158 $1,165 $1,153 

Fair Value and Future Maturities

See Note 4, Fair Value Measurements, for the fair value of long-term debt. The 2028 Notes mature in fiscal 2029 and the 2030 Notes mature in fiscal 2031.