v3.25.0.1
Debt
12 Months Ended
Jan. 26, 2025
Debt Disclosure [Abstract]  
Debt Debt
Long-Term Debt
 Expected
Remaining Term (years)
Effective
Interest Rate
Jan 26, 2025Jan 28, 2024
   (In millions)
0.584% Notes Due 2024 (1)
0.66%$— $1,250 
3.20% Notes Due 2026
1.63.31%1,000 1,000 
1.55% Notes Due 2028
3.41.64%1,250 1,250 
2.85% Notes Due 2030
5.22.93%1,500 1,500 
2.00% Notes Due 2031
6.42.09%1,250 1,250 
3.50% Notes Due 2040
15.23.54%1,000 1,000 
3.50% Notes Due 2050
25.23.54%2,000 2,000 
3.70% Notes Due 2060
35.23.73%500 500 
Unamortized debt discount and issuance costs  (37)(41)
Net carrying amount  8,463 9,709 
Less short-term portion— (1,250)
Total long-term portion$8,463 $8,459 
(1)    In fiscal year 2025, we repaid the 0.584% Notes Due 2024.
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, subject to a make-whole premium. The maturity of the notes is calendar year.
As of January 26, 2025, we complied 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 January 26, 2025, we had no commercial paper outstanding.