Financing (Tables)

12 Months Ended

Jan. 28, 2023

The Company’s debt is as follows:


	January 28, 2023		January 29, 2022
	(millions)



Long-term debt:
5.875% Senior notes due 2029	$	500	$	500
5.875% Senior notes due 2030	425		—
6.125% Senior notes due 2032	425		—
4.5% Senior notes due 2034	367		367
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 exchanged debentures due 2034	181		183
7.0% Senior debentures due 2028	105		105
6.9% Senior debentures due 2029	79		79
6.7% Senior exchanged debentures due 2028	73		74
6.79% Senior debentures due 2027	71		71
6.7% Senior debentures due 2028	29		29
6.7% Senior debentures due 2034	18		18
8.75% Senior exchanged debentures due 2029	13		13
6.9% Senior debentures due 2032	12		12
7.6% Senior debentures due 2025	6		6
7.875% Senior exchanged debentures due 2030	5		5
7.875% Senior debentures due 2030	5		5
6.9% Senior exchanged debentures due 2032	1		5
2.875% Senior notes due 2023	—		504
3.625% Senior notes due 2024	—		350
4.375% Senior notes due 2023	—		161
6.65% Senior exchanged debentures due 2024	—		81
6.65% Senior debentures due 2024	—		36
Unamortized debt issue costs and discount	(28)		(22)
Premium on acquired debt, using an effective interest yield of 5.76% to 6.021%	17		21
	$	2,996	$	3,295

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


	2022		2021		2020
			(millions)
Interest on debt	$	185	$	246	$	273
Amortization of debt premium	(2)		(3)		(4)
Amortization of financing costs and debt discount	13		26		23
Interest on finance leases	1		1		1
	197		270		293
Less interest capitalized on construction	22		14		9
Interest expense	$	175	$	256	$	284
Losses on early retirement of debt	$	31	$	199	$	—

Future maturities of long-term debt are shown below:

The following table shows the detail of debt repayments: