v3.22.0.1
Debt
 12 Months Ended
Jan. 30, 2022
Debt Disclosure [Abstract]  
Debt Debt
Long-Term Debt
In June 2021, March 2020, and September 2016, we issued a total of $5.00 billion, $5.00 billion, and $2.00 billion aggregate principal of senior notes, respectively. The net proceeds from these offerings were $4.98 billion, $4.97 billion, and $1.98 billion, respectively, after deducting debt discount and issuance costs.
On August 16, 2021, we repaid the $1.00 billion of 2.20% Notes Due 2021.
All of our notes are unsecured senior obligations. All existing and future liabilities of our subsidiaries will be effectively senior to the notes. Our notes pay interest semi-annually. We may redeem each of our notes prior to maturity, subject to a make-whole premium as defined in the applicable form of note.
The carrying value of the Notes, the calendar year of maturity, and the associated interest rates were as follows:
 Expected
Remaining Term (years)		Effective
Interest Rate		January 30,
2022		January 31,
2021
   (In millions)
2.20% Notes Due 2021
—2.38%$— $1,000 
0.309% Notes Due 2023
1.40.41%1,250 — 
0.584% Notes Due 2024
2.40.66%1,250 — 
3.20% Notes Due 2026
4.63.31%1,000 1,000 
1.55% Notes Due 2028
6.41.64%1,250 — 
2.85% Notes Due 2030
8.22.93%1,500 1,500 
2.00% Notes Due 2031
9.42.09%1,250 — 
3.50% Notes Due 2040
18.23.54%1,000 1,000 
3.50% Notes Due 2050
28.23.54%2,000 2,000 
3.70% Notes Due 2060
38.23.73%500 500 
Unamortized debt discount and issuance costs  (54)(37)
Net carrying amount  10,946 6,963 
Less short-term portion— (999)
Total long-term portion$10,946 $5,964 
As of January 30, 2022, we were in compliance with the required covenants under the Notes.
Commercial Paper
We have a $575 million commercial paper program to support general corporate purposes. As of January 30, 2022, we had not issued any commercial paper.