Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v3.6.0.2
Long-Term Debt (Tables)
12 Months Ended
Jan. 28, 2017
Debt Disclosure [Abstract]  
Schedule of Debt
($ in millions)
 
2016
 
2015
Issue:
 
 
 
 
5.65% Senior Notes Due 2020 (1)
 
$
400

 
$
400

5.75% Senior Notes Due 2018 (1)
 
265

 
300

5.875% Senior Secured Notes Due 2023 (1)
 
500

 

6.375% Senior Notes Due 2036 (1)
 
388

 
400

6.9% Notes Due 2026
 
2

 
2

7.125% Debentures Due 2023
 
10

 
10

7.4% Debentures Due 2037
 
313

 
326

7.625% Notes Due 2097
 
500

 
500

7.65% Debentures Due 2016
 

 
78

7.95% Debentures Due 2017
 
220

 
220

8.125% Senior Notes Due 2019
 
400

 
400

2016 Term Loan Facility
 
1,667

 

2013 Term Loan Facility
 

 
2,194

Total debt, excluding unamortized debt issuance costs, capital leases, financing obligation and note payable
 
4,665

 
4,830

Unamortized debt issuance costs
 
(63
)
 
(61
)
Total debt, excluding capital leases, financing obligation and note payable
 
4,602

 
4,769

Less: current maturities
 
263

 
101

Total long-term debt, excluding capital leases, financing obligation and note payable
 
$
4,339

 
$
4,668

Weighted-average interest rate at year end
 
6.3
%
 
6.5
%
Weighted-average maturity (in years)
 
15 years

 
 
 
(1)
These debt issuances contain a change of control provision that would obligate us, at the holders’ option, to repurchase the debt at a price of 101%. These provisions trigger if there were a beneficial ownership change of 50% or more of our common stock.

Schedule of Maturities of Long-term Debt
($ in millions)
 
2017
$
263

2018
307

2019
442

2020
442

2021
42

Thereafter
3,169

Total
$
4,665