Annual report pursuant to Section 13 and 15(d)

Financing (Tables)

v2.4.1.9
Financing (Tables)
12 Months Ended
Jan. 31, 2015
Debt Disclosure [Abstract]  
Schedule of Company Debt
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

 

Schedule of Interest Expense and Premium on Early Retirement of Debt
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
Future maturities of long-term debt, other than capitalized leases, are shown below:
 
 
(millions)
Fiscal year
 
2016
$
642

2017
306

2018
6

2019
41

2020
39

After 2020
6,056

Detail of Debt Repayments
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