v3.22.4
Debt
 12 Months Ended
Jan. 29, 2023
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.
In fiscal year 2022, we repaid the $1.00 billion of 2.20% Notes Due 2021.
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 29,
2023		January 30,
2022
   (In millions)
0.309% Notes Due 2023
0.40.41%$1,250 $1,250 
0.584% Notes Due 2024
1.40.66%1,250 1,250 
3.20% Notes Due 2026
3.63.31%1,000 1,000 
1.55% Notes Due 2028
5.41.64%1,250 1,250 
2.85% Notes Due 2030
7.22.93%1,500 1,500 
2.00% Notes Due 2031
8.42.09%1,250 1,250 
3.50% Notes Due 2040
17.23.54%1,000 1,000 
3.50% Notes Due 2050
27.23.54%2,000 2,000 
3.70% Notes Due 2060
37.23.73%500 500 
Unamortized debt discount and issuance costs  (47)(54)
Net carrying amount  10,953 10,946 
Less short-term portion(1,250)— 
Total long-term portion$9,703 $10,946 
All 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.
As of January 29, 2023, we were in compliance with the required covenants, which are non-financial in nature, under the Notes.
Commercial Paper
We have a $575 million commercial paper program to support general corporate purposes. As of January 29, 2023, we had not issued any commercial paper.