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COMBINED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 31, 2021
Jan. 30, 2021
Aug. 01, 2020
Current Assets:      
Cash and Cash Equivalents $ 293 $ 335 $ 165
Cash in Escrow related to the Spin-Off 600 0 0
Accounts Receivable, Net 99 121 118
Inventories 745 701 923
Other 90 82 78
Total Current Assets 1,827 1,239 1,284
Property and Equipment, Net 999 1,078 1,208
Operating Lease Assets 1,513 1,590 1,759
Trade Name 246 246 246
Deferred Income Taxes 12 20 62
Other Assets 61 56 56
Total Assets 4,658 4,229 4,615
Current Liabilities:      
Accounts Payable 371 338 494
Accrued Expenses and Other 702 776 614
Current Debt 0 0 10
Current Operating Lease Liabilities 332 421 455
Income Taxes 28 15 35
Due to Related Parties 2 6 2
Total Current Liabilities 1,435 1,556 1,610
Deferred Income Taxes 70 19 0
Long-term Debt 592 0 89
Long-term Debt due to Related Party 97 97 0
Long-term Operating Lease Liabilities 1,457 1,553 1,833
Other Long-term Liabilities 123 113 97
Total Liabilities 3,774 3,338 3,629
Equity      
Noncontrolling Interest 0 0 3
Accumulated Other Comprehensive Income (Loss) 8 4 (31)
Net Investment by L Brands, Inc. 876 887 1,014
Total Equity 884 891 986
Total Liabilities and Equity $ 4,658 $ 4,229 $ 4,615