Annual report pursuant to Section 13 and 15(d)

Credit Facility (Details)

v3.3.1.900
Credit Facility (Details) - USD ($)
$ in Millions
12 Months Ended
Jan. 30, 2016
Jan. 31, 2015
Line of Credit Facility [Line Items]    
2014 Credit Facility $ 2,350  
Revolving Facility, maximum borrowing capacity 2,350 $ 1,850
Extinguishment of Debt, Amount $ 494  
2014 Credit Facility, Expiration Date Jun. 20, 2019  
Current Borrowing Capacity Before Standby And Import Letters Of Credit $ 1,848  
2014 Credit Facility, description The 2014 Credit Facility is secured by a perfected first-priority security interest in substantially all of our eligible credit card receivables, accounts receivable and inventory. The Revolving Facility is available for general corporate purposes, including the issuance of letters of credit. Pricing under the Revolving Facility is tiered based on our utilization under the line of credit. JCP’s obligations under the 2014 Credit Facility are guaranteed by J. C. Penney Company, Inc.  
Revolving Facility, borrowing capacity, description The borrowing base under the Revolving Facility is limited to a maximum of 85% of eligible accounts receivable, plus 90% of eligible credit card receivables, plus 90% of the liquidation value of our inventory, net of certain reserves. Letters of credit reduce the amount available to borrow by their face value. In addition, the maximum availability is limited by a minimum excess availability threshold which is the lesser of 10% of the borrowing base or $200 million, subject to a minimum threshold requirement of $150 million.  
Revolving Facility, total standby and import letters of credit $ 280  
Revolving Facility, commitment fee percentage on unused capacity 0.375%  
Domestic Line of Credit [Member]    
Line of Credit Facility [Line Items]    
Revolving Facility, interest rate at period end 2.50%  
Foreign Line of Credit [Member]    
Line of Credit Facility [Line Items]    
Revolving Facility, interest rate at period end 1.25%  
December Borrowing Base [Member]    
Line of Credit Facility [Line Items]    
Revolving Facility, remaining borrowing capacity $ 1,568