|
Credit Facility (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended |
|---|---|
|
Apr. 28, 2012
|
|
| Line of credit facility, initiation date | Jan. 27, 2012 |
| Line of credit facility, maximum borrowing capacity | $ 1,500 |
| Line of credit facility, maturity date | Apr. 29, 2016 |
| Line of Credit Facility, Revolving Credit, Description | The 2012 Credit Facility is an asset-based revolving credit facility and is secured by a perfected first-priority security interest in substantially all of our eligible credit card receivables, accounts receivable and inventory. The 2012 Credit Facility is available for general corporate purposes, including the issuance of letters of credit. Pricing under the 2012 Credit Facility is tiered based on JCP's senior unsecured long-term credit ratings issued by Moody's Investors Service, Inc. and Standard & Poor's Ratings Services. JCP's obligations under the 2012 Credit Facility are guaranteed by J. C. Penney Company, Inc. |
| Credit facility financial covenants | The 2012 Credit Facility contains covenants including, but not limited to, restrictions on the Company's and its subsidiaries' ability to incur indebtedness; grant liens on assets; guarantee obligations; merge, consolidate, or sell assets; pay dividends or make other restricted payments; make investments; prepay or modify certain indebtedness; engage in transactions with affiliates; or enter into sale-leaseback transactions under certain conditions. |
| Total Standby and Import Letters of Credit | 145 |
| Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | 0.40% |
| Line of Credit Facility, Current Borrowing Capacity | $ 1,355 |
|
Standby Letters of Credit [Member]
|
|
| Line of Credit Facility, Interest Rate at Period End | 2.50% |
|
Import Letters of Credit [Member]
|
|
| Line of Credit Facility, Interest Rate at Period End | 1.25% |