Financing (Tables)

12 Months Ended

Jan. 29, 2022

The Company’s debt is as follows:

	January 29,			January 30,
	2022			2021
	(millions)
Short-term debt:
3.875% Senior notes due 2022	$	—		$	450
Current portion of other long-term obligations		—			2
	$	—		$	452
Long-term debt:
8.375% Senior secured notes due 2025	$	—		$	1,300
2.875% Senior notes due 2023		504			640
5.875% Senior notes due 2029		500			—
4.5% Senior notes due 2034		367			367
3.625% Senior notes due 2024		350			500
5.125% Senior notes due 2042		250			250
4.3% Senior notes due 2043		250			250
6.375% Senior notes due 2037		192			192
6.7% Senior secured debentures due 2034		183			183
4.375% Senior notes due 2023		161			210
7.0% Senior debentures due 2028		105			105
6.65% Senior secured debentures due 2024		81			81
6.9% Senior debentures due 2029		79			79
6.7% Senior secured debentures due 2028		74			74
6.79% Senior debentures due 2027		71			71
6.65% Senior debentures due 2024		36			41
6.7% Senior debentures due 2028		29			29
8.75% Senior secured debentures due 2029		13			13
6.7% Senior debentures due 2034		18			18
6.9% Senior debentures due 2032		12			12
7.6% Senior debentures due 2025		6			24
7.875% Senior secured debentures due 2030		5			5
6.9% Senior secured debentures due 2032		5			5
7.875% Senior debentures due 2030		5			5
Unamortized debt issue costs and discount		(22	)		(77	)
Premium on acquired debt, using an effective interest yield of 5.760% to 6.021%		21			30
	$	3,295		$	4,407

Interest expense and losses on early retirement of debt are as follows:

	2021			2020			2019
				(millions)
Interest on debt	$	246		$	273		$	211
Amortization of debt premium		(3	)		(4	)		(5	)
Amortization of financing costs and debt discount		26			23			6
Interest on finance leases		1			1			2
		270			293			214
Less interest capitalized on construction		14			9			9
Interest expense	$	256		$	284		$	205
Losses on early retirement of debt	$	199		$	—		$	30

Future maturities of long-term debt are shown below:

The following table shows the detail of debt repayments: