Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v3.20.1
Long-Term Debt (Tables)
12 Months Ended
Feb. 01, 2020
Debt Disclosure [Abstract]  
Schedule of Debt
($ in millions)
 
2019
 
2018
Issue:
 
 
 
 
8.125% Senior Notes Due 2019
 
$

 
$
50

5.65% Senior Notes Due 2020 (1)
 
105

 
110

2016 Term Loan Facility (Matures in 2023)
 
1,540

 
1,583

5.875% Senior Secured Notes Due 2023 (1)
 
500

 
500

7.125% Debentures Due 2023
 
10

 
10

8.625% Senior Secured Second Priority Notes Due 2025 (1)
 
400

 
400

6.9% Notes Due 2026
 
2

 
2

6.375% Senior Notes Due 2036 (1)
 
388

 
388

7.4% Debentures Due 2037
 
313

 
313

7.625% Notes Due 2097
 
500

 
500

Total debt
 
3,758

 
3,856

Unamortized debt issuance costs
 
(37
)
 
(48
)
Less: current maturities
 
(147
)
 
(92
)
Total long-term debt
 
$
3,574

 
$
3,716

Weighted-average interest rate at year end
 
6.3
%
 
6.3
%
Weighted-average maturity (in years)
 
16 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)
 
2020
$
147

2021
42

2022
42

2023
1,924

2024

Thereafter
1,603

Total
$
3,758