Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt Long-Term Debt (Tables)

v3.20.2
Long-Term Debt Long-Term Debt (Tables)
6 Months Ended
Aug. 01, 2020
Debt Disclosure [Abstract]  
Schedule of Debt
($ in millions) August 1, 2020 August 3, 2019 February 1, 2020
DIP Credit Agreement due November 2020 $ 900  $   $  
Pre-petition debt - classified as a current liability
     2017 Credit Facility (Matures 2022) 1,204     
Pre-petition debt subject to compromise (1)
     8.125% Senior Notes Due 2019
  50   
     5.65% Senior Notes Due 2020
105  105  105 
     2016 Term Loan Facility (Matures in 2023) 1,102  1,561  1,540 
     5.875% Senior Secured Notes Due 2023
469  500  500 
     7.125% Debentures Due 2023
10  10  10 
     8.625% Senior Secured Second Priority Notes Due 2025
400  400  400 
     6.9% Notes Due 2026
2  2  2 
     6.375% Senior Notes Due 2036
388  388  388 
     7.4% Debentures Due 2037
313  313  313 
     7.625% Notes Due 2097
500  500  500 
Total debt subject to compromise 3,289     
Total debt $ 5,393  3,829  3,758 
Less: unamortized debt issuance costs (43) (37)
Less: current portion (197) (147)
Total long-term debt $ 3,589  $ 3,574 
(1) Liabilities subject to compromise must be reported at the amounts expected to be allowed claims by the Bankruptcy Court. The carrying value of the debt will be adjusted as claims are approved. As of August 1, 2020, we have written off unamortized debt issuances costs of $33 million to present the debt at the face value outstanding. The expense related to this write off is recorded within Reorganization items, net in the unaudited interim Consolidated Statement of Operations.