|
Long-Term Debt (Details) (USD $)
|
12 Months Ended |
1 Months Ended |
3 Months Ended |
0 Months Ended |
|
|
|
Jan. 31, 2015
|
Feb. 01, 2014
|
Feb. 02, 2013
|
Oct. 31, 2014
|
Sep. 30, 2014
|
May 04, 2013
|
Jun. 05, 2013
|
May 22, 2013
|
Nov. 01, 2014
|
Aug. 02, 2014
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
| Net proceeds from issuance of long-term debt |
$ 893,000,000 |
$ 2,180,000,000 |
$ 0 |
|
|
|
|
|
|
|
|
| Loss on extinguishment of debt |
(34,000,000) |
(114,000,000) |
0 |
|
|
|
|
|
|
|
|
| 6.875% Medium-term Notes due 2015 [Member] |
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
| Unsecured Long-term Debt, Noncurrent |
|
|
|
|
|
|
|
|
|
60,000,000 |
200,000,000 |
| Tender Premium |
|
|
|
67.50 |
[1] |
|
|
|
|
|
|
| Principal Amount Tendered |
|
|
|
140,000,000 |
|
|
|
|
|
|
|
| Extinguishment of Debt, Amount |
|
|
|
140,000,000 |
|
|
|
|
|
|
|
| 8.125% Senior Notes Due 2019 |
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
| Unsecured Long-term Debt, Noncurrent |
400,000,000 |
|
|
|
|
400,000,000 |
|
|
|
|
|
| Debt instrument, stated interest rate (percent) |
8.125% |
|
|
|
|
8.125% |
|
|
|
|
|
| Net proceeds from issuance of long-term debt |
|
|
|
|
|
393,000,000 |
|
|
|
|
|
| Premium Paid [Member] |
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
| Loss on extinguishment of debt |
|
|
|
(29,000,000) |
|
|
(110,000,000) |
|
|
|
|
| Reacquisition Costs [Member] |
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
| Loss on extinguishment of debt |
|
|
|
(1,000,000) |
|
|
(2,000,000) |
|
|
|
|
| Debt Defeasance [Member] |
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, stated interest rate (percent) |
|
|
|
6.875% |
|
|
|
|
|
|
|
| Loss on extinguishment of debt |
|
|
|
(4,000,000) |
|
|
|
|
|
|
|
| Extinguishment of Debt, Amount |
|
|
|
64,000,000 |
|
|
|
|
|
|
|
| Unamortized Debt Issue Costs [Member] |
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
| Loss on extinguishment of debt |
|
|
|
|
|
|
(2,000,000) |
|
|
|
|
| 7.65% Debentures due 2016 [Member] |
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
| Unsecured Long-term Debt, Noncurrent |
|
|
|
|
|
|
|
|
|
78,000,000 |
200,000,000 |
| Tender Premium |
|
|
|
105.00 |
[1] |
|
|
|
|
|
|
| Principal Amount Tendered |
|
|
|
122,000,000 |
|
|
|
|
|
|
|
| Extinguishment of Debt, Amount |
|
|
|
122,000,000 |
|
|
|
|
|
|
|
| 7.95% Debentures due 2017 [Member] |
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
| Unsecured Long-term Debt, Noncurrent |
|
|
|
|
|
|
|
|
|
220,000,000 |
285,000,000 |
| Tender Premium |
|
|
|
97.50 |
[1] |
|
|
|
|
|
|
| Principal Amount Tendered |
|
|
|
194,000,000 |
|
|
|
|
|
|
|
| Extinguishment of Debt, Amount |
|
|
|
65,000,000 |
|
|
|
|
|
|
|
| 2013 Tender Offer [Member] |
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
| Commencement of cash tender offer, date |
|
|
|
|
|
|
Apr. 30, 2013 |
|
|
|
|
| Debt instrument, stated interest rate (percent) |
|
|
|
|
|
|
7.125% |
|
|
|
|
| Minimum requisite consent of note holders for proposed amendments |
|
|
|
|
|
|
66.67% |
|
|
|
|
| Debt redemption, percentage of principal redeemed |
|
|
|
|
|
|
|
|
95.41% |
|
|
| Early repayment of senior debt |
|
|
|
|
|
|
|
3,000,000 |
352,000,000 |
|
|
| Loss on extinguishment of debt |
|
|
|
|
|
|
(114,000,000) |
|
|
|
|
| Extinguishment of Debt, Amount |
|
|
|
|
|
|
|
2,000,000 |
243,000,000 |
|
|
| 2014 Tender Offer [Member] |
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
| Repayments of Unsecured Debt |
|
|
|
362,000,000 |
|
|
|
|
|
|
|
| Unsecured Long-term Debt, Noncurrent |
|
|
|
|
|
|
|
|
|
358,000,000 |
685,000,000 |
| Principal Amount Tendered |
|
|
|
456,000,000 |
|
|
|
|
|
|
|
| Accrued Interest Expense, Debt |
|
|
|
6,000,000 |
|
|
|
|
|
|
|
| Loss on extinguishment of debt |
|
|
|
(30,000,000) |
|
|
|
|
|
|
|
| Extinguishment of Debt, Amount |
|
|
|
327,000,000 |
|
|
|
|
|
|
|
| 2013 Term Loan Facility |
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
| 2013 Term Loan Facility, face amount |
|
|
|
|
|
|
|
|
2,250,000,000.00 |
|
|
| 2013 Term Loan Facility, term |
|
|
|
|
|
|
|
|
5 years |
|
|
| 2013 Term Loan Facility, basis spread on variable interest rate |
|
|
|
|
|
|
|
|
5.00% |
|
|
| 2013 Term Loan Facility, required quarterly principal payment |
$ 5,625,000.000 |
|
|
|
|
|
|
|
|
|
|
| 2013 Term Loan Facility guarantee and security |
The 2013 Term Loan Facility is guaranteed by J. C. Penney Company, Inc. and certain subsidiaries of JCP, and is secured by mortgages on certain real estate of JCP and the guarantors, in addition to substantially all other assets of JCP and the guarantors. |
|
|
|
|
|
|
|
|
|
|
|
|
|