v2.4.0.6
Notes Payable and Long-Term Debt (Tables)
 12 Months Ended
Feb. 02, 2013
Notes Payable and Long-Term Debt  
Carrying value and maturities of Long-term debt

 

 

   
Debt Maturities
   February 2, 2013  
(dollars in millions)
   Rate (a)
   Balance
  
   

Due 2013-2017 (b)

   3.6 % $ 6,031  

Due 2018-2022

   4.0     2,416  

Due 2023-2027

   6.7     171  

Due 2028-2032

   6.6     1,060  

Due 2033-2037

   6.8     3,501  

Due 2038-2042

   4.0     1,469  
   

Total notes and debentures

   4.7     14,648  

Swap valuation adjustments

         78  

Capital lease obligations

         1,952  

Less: Amounts due within one year

         (2,024 )
   

Long-term debt

       $ 14,654  
   
(a)
Reflects the weighted average stated interest rate as of year-end.
(b)
Includes $1.5 billion of nonrecourse debt collateralized by credit card receivables. See Note 11.
Principal payments on notes and debentures over next five years


   
Required Principal Payments
(millions)
   2013
   2014
   2015
   2016
   2017
  
   

Unsecured

   $ 501   $ 1,001   $ 27   $ 751   $ 2,251  

Nonrecourse

     1,500     —     —     —     —  
   

Total required principal payments

   $ 2,001   $ 1,001   $ 27   $ 751   $ 2,251  
   
Commercial Paper Program

 

 

   
Commercial Paper
(dollars in millions)
   2012
   2011
   2010
  
   

Maximum daily amount outstanding during the year

   $ 970   $ 1,211   $ —  

Average amount outstanding during the year

     120     244     —  

Amount outstanding at year-end

     970     —     —  

Weighted average interest rate

     0.16 %   0.11 %   — %
   
Nonrecourse Debt Collateralized by Credit Card Receivables Activity

 

 

   
Nonrecourse Debt Collateralized by Credit Card Receivables
(millions)
   2012
   2011
  
   

Balance at beginning of period

   $ 1,000   $ 3,954  

Issued

     500     —  

Accretion

     —     41  

Repaid (a)

     —     (2,995 )
   

Balance at end of period

   $ 1,500   $ 1,000  
   
(a)
Includes repayments of $226 million for the 2008 series of secured borrowings during 2011 due to declines in gross credit card receivables and payment of $2,769 million in 2011 to repurchase and retire in full this series of secured borrowings.