Annual report pursuant to Section 13 and 15(d)

Credit Facility (Details)

v3.8.0.1
Credit Facility (Details)
$ in Millions
3 Months Ended 12 Months Ended
Jul. 29, 2017
Feb. 03, 2018
USD ($)
Line of Credit Facility [Line Items]    
2017 Credit Facility   $ 2,350
Revolving Facility, maximum borrowing capacity   2,350
2017 Credit Facility, interest rate spread lowered, basis points 75  
Current Borrowing Capacity Before Standby And Import Letters Of Credit   $ 2,019
2017 Credit Facility, description   The 2017 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 2017 Credit Facility are guaranteed by J. C. Penney Company, Inc.
2017 Credit Facility, Expiration Date   Jun. 20, 2022
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   $ 135
Revolving Facility, commitment fee percentage on unused capacity   0.375%
Revolving Facility, remaining borrowing capacity   $ 1,884
Domestic Line of Credit [Member]    
Line of Credit Facility [Line Items]    
Revolving Facility, interest rate at period end   1.75%
Foreign Line of Credit [Member]    
Line of Credit Facility [Line Items]    
Revolving Facility, interest rate at period end   0.875%