Financing (Tables)

12 Months Ended

Jan. 31, 2026

The Company's debt is as follows:


	January 31, 2026		February 1, 2025
	(millions)
Short-term debt:
7.60% Senior debentures due 2025	$	—	$	6
	$	—	$	6
Long-term debt:
6.79% Senior debentures due 2027	$	34	$	61
6.70% Senior debentures due 2028	—		28
7.00% Senior debentures due 2028	—		94
6.70% Senior exchanged debentures due 2028	—		54
8.75% Senior exchanged debentures due 2029	—		13
6.90% Senior debentures due 2029	—		72
5.875% Senior notes due 2029	—		326
5.875% Senior notes due 2030	201		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
6.90% Senior exchanged debentures due 2032	1		1
6.125% Senior notes due 2032	425		425
7.875% Senior notes due 2033	500		—
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	(19)		(20)
Premium on acquired debt, using an effective interest yield of 6.021% to 7.654%	10		14
	$	2,432	$	2,773

Interest expense and losses on extinguishment of debt are as follows:


	2025		2024		2023
			(millions)
Interest on debt	$	160	$	178	$	187
Amortization of debt premium	(2)		(2)		(2)
Amortization of financing costs and debt discount	8		12		12
Interest on finance leases	1		1		1
	167		188		198
Less interest capitalized on construction	28		30		28
Interest expense	$	139	$	158	$	170
Losses on extinguishment of debt	$	33	$	1	$	—

Future maturities of long-term debt are shown below:

The following table shows the detail of debt repayments:


	2025		2024		2023
			(millions)
Revolving credit facility	$	—	$	301	$	961
7.60% Senior debentures due 2025	6		—		—
6.79% Senior debentures due 2027	27		10		—
6.70% Senior exchanged debentures due 2028	54		19		—
7.00% Senior debentures due 2028	94		10		—
6.70% Senior debentures due 2028	28		1		—
5.875% Senior notes due 2029	326		174		—
8.75% Senior exchanged debentures due 2029	13		—		—
6.90% Senior debentures due 2029	72		7		—
5.875% Senior notes due 2030	224		—		—
	$	844	$	522	$	961