| Schedule of Long-term Debt Instruments [Table Text Block] |
The following table provides the Company’s long-term debt balance as of February 1, 2014 and February 2, 2013:
| | | | | | | | |
| February 1,
2014 | | February 2,
2013 |
| (in millions) | Senior Unsecured Debt with Subsidiary Guarantee |
| |
| $1 billion, 5.625% Fixed Interest Rate Notes due February 2022 (“2022 Notes”) | $ | 1,000 |
| | $ | 1,000 |
| $1 billion, 6.625% Fixed Interest Rate Notes due April 2021 (“2021 Notes”) | 1,000 |
| | 1,000 |
| $500 million, 5.625% Fixed Interest Rate Notes due October 2023 (“2023 Notes”) | 500 |
| | — |
| $500 million, 8.50% Fixed Interest Rate Notes due June 2019, Less Unamortized Discount (“2019 Notes”) (a) | 494 |
| | 489 |
| $400 million, 7.00% Fixed Interest Rate Notes due May 2020 (“2020 Notes”) | 400 |
| | 400 |
| Total Senior Unsecured Debt with Subsidiary Guarantee | $ | 3,394 |
| | $ | 2,889 |
| Senior Unsecured Debt |
| |
| $700 million, 6.90% Fixed Interest Rate Notes due July 2017, Less Unamortized Discount (“2017 Notes”) (b) | $ | 718 |
| | $ | 721 |
| $350 million, 6.95% Fixed Interest Rate Debentures due March 2033, Less Unamortized Discount (“2033 Notes”) | 350 |
| | 350 |
| $300 million, 7.60% Fixed Interest Rate Notes due July 2037, Less Unamortized Discount (“2037 Notes”) | 299 |
| | 299 |
| 5.25% Fixed Interest Rate Notes due November 2014, Less Unamortized Discount (“2014 Notes”) (c) | 215 |
| | 218 |
| Total Senior Unsecured Debt | $ | 1,582 |
| | $ | 1,588 |
| Total | $ | 4,976 |
| | $ | 4,477 |
| Current Portion of Long-term Debt | (215 | ) | | — |
| Total Long-term Debt, Net of Current Portion | $ | 4,761 |
| | $ | 4,477 |
|
| | (a) | The balance as of February 1, 2014 includes a fair value interest rate hedge adjustment which increased the debt balance by $2 million. |
| | (b) | The balances include a fair value interest rate hedge adjustment which increased the debt balance by $19 million as of February 1, 2014 and $22 million as of February 2, 2013. |
| | (c) | The principal balance outstanding was $213 million as of both February 1, 2014 and February 2, 2013. The balances include a fair value interest rate hedge adjustment which increased the debt balance by $3 million as of February 1, 2014 and $5 million as of February 2, 2013. |
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