Debt Obligations (Tables)

9 Months Ended

Oct. 31, 2025

The Company’s debt as of the dates presented was as follows:


	October 31, 2025										January 31, 2025
	Stated interest rate		Effective interest rate		Principal		Unamortized debt issuance costs		Net		Principal		Unamortized debt issuance costs		Net
	(dollars in millions)
Term Loan A Facility due June 2027	—	%	—	%	$	—	$	—	$	—	$	1,122	$	(2)	$	1,120
Term Loan A Facility due September 2030	5.21	%	5.29	%	1,100		(4)		1,096		—		—		—
Term Loan B3 Facility due February 2031	5.71	%	5.86	%	503		(3)		500		506		(3)		503
Senior Notes due April 2028	4.88	%	5.11	%	400		(2)		398		400		(3)		397
Senior Notes due November 2033	5.88	%	6.09	%	500		(7)		493		—		—		—
Revolving Credit Facility due June 2027	—	%	—	%	—		—		—		200		—		200
Total debt					$	2,503	$	(16)	$	2,487	$	2,228	$	(8)	$	2,220
Less current portion					12		—		12		313		—		313
Total debt, net of current portion					$	2,491	$	(16)	$	2,475	$	1,915	$	(8)	$	1,907

Schedule of Maturities of Long-term Debt

Maturities of debt as of October 31, 2025 are:


Fiscal Year	Total
	(in millions)
Remainder of 2026	$	1
2027	19
2028	31
2029	489
2030	88
Thereafter	1,875
Total principal payments	$	2,503

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details