Long-Term Debt (Details) - USD ($)
$ in Millions |
3 Months Ended |
|
|
May 02, 2020 |
Feb. 01, 2020 |
May 04, 2019 |
| Total debt |
|
$ 4,918
|
$ 3,758
|
$ 3,963
|
| Unamortized debt issuance costs |
|
(34)
|
(37)
|
(45)
|
| Less: current portion |
|
(4,884)
|
(147)
|
(92)
|
| Total long-term debt |
|
$ 0
|
3,574
|
3,826
|
| Line of Credit Facility, Description |
|
On March 16 and March 19, 2020, the Company borrowed $800 million and $450 million, respectively, from the senior secured asset-based revolving credit facility (the 2017 Credit Facility). Borrowings under the 2017 Credit Facility bear interest, at the Company’s option, at a base rate or LIBOR, plus an applicable interest rate margin varying depending on the Company’s utilization of the 2017 Credit Facility. The rates on the borrowings as of May 2, 2020, range from 2.75% to 4.25%. The proceeds from the 2017 Credit Facility may be used for working capital needs or general corporate purposes.
|
|
|
| Document Period End Date |
|
May 02, 2020
|
|
|
| Senior Notes [Member] |
|
|
|
|
| Debt repurchase provision, percentage of outstanding principal |
|
101.00%
|
|
|
| Senior Notes 8.125% due 2019 [Member] |
|
|
|
|
| Unsecured Long-term Debt, Noncurrent |
|
$ 0
|
0
|
50
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
8.125%
|
|
|
| Senior Notes 5.65% Due 2020 [Member] |
|
|
|
|
| Unsecured Long-term Debt, Noncurrent |
[1] |
$ 105
|
105
|
110
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
5.65%
|
|
|
| 2017 Credit Facility [Member] |
|
|
|
|
| Secured Long-term Debt, Noncurrent |
|
$ 1,179
|
0
|
118
|
| 2016 Term Loan Facility [Member] |
|
|
|
|
| Secured Long-term Debt, Noncurrent |
|
1,521
|
1,540
|
1,572
|
| Senior Secured Notes Five Point Eight Seven Five Percent Due2023 [Member] |
|
|
|
|
| Secured Long-term Debt, Noncurrent |
[1] |
$ 500
|
500
|
500
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
5.875%
|
|
|
| Debentures 7.125% Due 2023 [Member] |
|
|
|
|
| Unsecured Long-term Debt, Noncurrent |
|
$ 10
|
10
|
10
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
7.125%
|
|
|
| Senior Secured Second Priority Notes 8.625% due 2025 [Member] |
|
|
|
|
| Secured Long-term Debt, Noncurrent |
[1] |
$ 400
|
400
|
400
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
8.625%
|
|
|
| Notes 6.9% Due 2026 [Member] |
|
|
|
|
| Unsecured Long-term Debt, Noncurrent |
|
$ 2
|
2
|
2
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
6.90%
|
|
|
| Senior Notes 6.375% Due 2036 [Member] |
|
|
|
|
| Unsecured Long-term Debt, Noncurrent |
[1] |
$ 388
|
388
|
388
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
6.375%
|
|
|
| Debentures 7.4% Due 2037 [Member] |
|
|
|
|
| Unsecured Long-term Debt, Noncurrent |
|
$ 313
|
313
|
313
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
7.40%
|
|
|
| Notes 7.625% Due 2097 [Member] |
|
|
|
|
| Unsecured Long-term Debt, Noncurrent |
|
$ 500
|
500
|
500
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
7.625%
|
|
|
| Notes And Debentures Including Current Maturities [Member] |
|
|
|
|
| Total debt |
|
$ 4,918
|
$ 3,758
|
$ 3,963
|
|
|