v3.24.1.1.u2
Debt
3 Months Ended
Apr. 28, 2024
Debt Disclosure [Abstract]  
Debt Debt
Long-Term Debt
Expected
Remaining Term (years)
Effective
Interest Rate
Carrying Value at
Apr 28, 2024Jan 28, 2024
(In millions)
0.584% Notes Due 2024
0.10.66%1,250 1,250 
3.20% Notes Due 2026
2.43.31%1,000 1,000 
1.55% Notes Due 2028
4.11.64%1,250 1,250 
2.85% Notes Due 2030
5.92.93%1,500 1,500 
2.00% Notes Due 2031
7.12.09%1,250 1,250 
3.50% Notes Due 2040
15.93.54%1,000 1,000 
3.50% Notes Due 2050
25.93.54%2,000 2,000 
3.70% Notes Due 2060
36.03.73%500 500 
Unamortized debt discount and issuance costs(40)(41)
Net carrying amount9,710 9,709 
Less short-term portion(1,250)(1,250)
Total long-term portion$8,460 $8,459 
Our notes are unsecured senior obligations. 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, as defined in the applicable form of note. The maturity of the notes are calendar year.
As of April 28, 2024, we were in compliance with the required covenants, which are non-financial in nature, under the outstanding notes.
Commercial Paper
We have a $575 million commercial paper program to support general corporate purposes. As of April 28, 2024, we had no commercial paper outstanding.