Financing (Tables)

12 Months Ended

Feb. 01, 2025

The Company's debt is as follows:


	February 1, 2025		February 3, 2024
	(millions)
Short-term debt:
7.60% Senior debentures due 2025	$	6	$	—
	$	6	$	—
Long-term debt:
7.60% Senior debentures due 2025	$	—	$	6
6.79% Senior debentures due 2027	61		71
6.70% Senior debentures due 2028	28		29
7.00% Senior debentures due 2028	94		105
6.70% Senior exchanged debentures due 2028	54		73
8.75% Senior exchanged debentures due 2029	13		13
6.90% Senior debentures due 2029	72		79
5.875% Senior notes due 2029	326		500
5.875% Senior notes due 2030	425		425
7.875% Senior exchanged debentures due 2030	5		5
7.875% Senior debentures due 2030	5		5
6.90% Senior debentures due 2032	12		12
6.125% Senior notes due 2032	425		425
6.90% Senior exchanged debentures due 2032	1		1
4.50% Senior notes due 2034	367		367
6.70% Senior exchanged debentures due 2034	181		181
6.70% Senior debentures due 2034	18		18
6.375% Senior notes due 2037	192		192
5.125% Senior notes due 2042	250		250
4.30% Senior notes due 2043	250		250
Unamortized debt issue costs and discount	(20)		(25)
Premium on acquired debt, using an effective interest yield of 6.021% to 7.654%	14		16
	$	2,773	$	2,998

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


	2024		2023		2022
			(millions)
Interest on debt	$	178	$	187	$	185
Amortization of debt premium	(2)		(2)		(2)
Amortization of financing costs and debt discount	12		12		13
Interest on finance leases	1		1		1
	188		198		197
Less interest capitalized on construction	30		28		22
Interest expense	$	158	$	170	$	175
Losses on early retirement of debt	$	1	$	—	$	31

Future maturities of long-term debt are shown below:

The following table shows the detail of debt repayments:


	2024		2023		2022
			(millions)
Revolving credit facility	$	301	$	961	$	1,959
2.875% Senior notes due 2023	—		—		504
3.625% Senior notes due 2024	—		—		350
4.375% Senior notes due 2023	—		—		161
6.65% Senior debentures due 2024	—		—		81
6.65% Debentures due 2024	—		—		36
6.90% Senior debentures due 2032	—		—		4
6.70% Senior debentures due 2034	—		—		2
6.70% Senior debentures due 2028	—		—		1
5.875% Senior notes due 2029	174		—		—
6.70% Senior exchanged debentures due 2028	19		—		—
6.79% Senior debentures due 2027	10		—		—
7.0% Senior debentures due 2028	10		—		—
6.9% Senior debentures due 2029	7		—		—
6.7% Senior debentures due 2028	1		—		—
	$	522	$	961	$	3,098