Financing (Tables)

12 Months Ended

Jan. 31, 2015

The Company’s debt is as follows:



	January 31, 2015			February 1, 2014
	(millions)
Short-term debt:
7.5% Senior debentures due 2015	$	69		$	—
5.75% Senior notes due 2014	—			453
Capital lease and current portion of other long-term obligations	7			10
	$	76		$	463
Long-term debt:
2.875% Senior notes due 2023	$	750		$	750
5.9% Senior notes due 2016	577			577
3.875% Senior notes due 2022	550			550
4.5% Senior notes due 2034	550			—
3.625% Senior notes due 2024	500			—
6.375% Senior notes due 2037	500			500
7.875% Senior notes due 2015	—			407
4.375% Senior notes due 2023	400			400
6.9% Senior debentures due 2029	400			400
6.7% Senior debentures due 2034	400			400
7.45% Senior debentures due 2017	300			300
6.65% Senior debentures due 2024	300			300
7.0% Senior debentures due 2028	300			300
6.9% Senior debentures due 2032	250			250
5.125% Senior debentures due 2042	250			250
4.3% Senior notes due 2043	250			250
6.7% Senior debentures due 2028	200			200
6.79% Senior debentures due 2027	165			165
7.875% Senior debentures due 2036	108			108
8.125% Senior debentures due 2035	76			76
8.75% Senior debentures due 2029	61			61
7.45% Senior debentures due 2016	59			59
8.5% Senior debentures due 2019	36			36
10.25% Senior debentures due 2021	33			33
7.6% Senior debentures due 2025	24			24
9.5% amortizing debentures due 2021	21			25
7.875% Senior debentures due 2030	18			18
9.75% amortizing debentures due 2021	12			14
7.5% Senior debentures due 2015	—			69
Unamortized debt discount	(18		)	(14		)
Premium on acquired debt, using an effective interest yield of 5.415% to 6.165%	164			176
Capital lease and other long-term obligations	29			30
	$	7,265		$	6,714

Interest expense and premium on early retirement of debt is as follows:



	2014			2013			2012
	(millions)
Interest on debt	$	411		$	407		$	449
Amortization of debt premium	(12		)	(15		)	(19		)
Amortization of financing costs and debt discount	7			7			7
Interest on capitalized leases	2			2			3
	408			401			440
Less interest capitalized on construction	13			11			15
Interest expense	$	395		$	390		$	425
Premium on early retirement of debt	$	17		$	—		$	137

Future maturities of long-term debt, other than capitalized leases, are shown below:

The following table shows the detail of debt repayments:



	2014		2013		2012
	(millions)
5.75% Senior notes due 2014	$	453	$	—	$	—
7.625% Senior debentures due 2013	—		109		—
7.875% Senior notes due 2015	407		—		205
5.35% Senior notes due 2012	—		—		616
5.90% Senior notes due 2016	—		—		400
5.875% Senior notes due 2013	—		—		298
8.0% Senior debentures due 2012	—		—		173
7.45% Senior debentures due 2016	—		—		64
7.5% Senior debentures due 2015	—		—		31
9.5% amortizing debentures due 2021	4		4		4
9.75% amortizing debentures due 2021	2		2		2
Capital leases and other obligations	4		9		10
	$	870	$	124	$	1,803