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COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jul. 31, 2021
Aug. 01, 2020
Operating Activities:    
Net Income (Loss) $ 325 $ (498)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by (Used for) Operating Activities:    
Depreciation of Long-lived Assets 158 171
Asset Impairment Charges 0 214
Share-based Compensation Expense 15 16
Deferred Income Taxes 59 (126)
Gain from Hong Kong Store Closure and Lease Termination 0 (39)
Changes in Assets and Liabilities:    
Accounts Receivable 22 39
Inventories (44) (68)
Accounts Payable, Accrued Expenses and Other (86) 50
Income Taxes 12 3
Other Assets and Liabilities (72) 128
Net Cash Provided by (Used for) Operating Activities 389 (110)
Investing Activities:    
Capital Expenditures (66) (70)
Other Investing Activities 0 (2)
Net Cash Used for Investing Activities (66) (72)
Financing Activities:    
Proceeds from Issuance of Long-Term Debt 600 0
Borrowings from Foreign Facilities 0 33
Repayments of Foreign Facilities 0 (85)
Net Transfers from (to) L Brands, Inc. (367) 155
Net Cash Provided by Financing Activities 233 103
Effects of Exchange Rate Changes on Cash and Cash Equivalents and Restricted Cash 2 (1)
Net Increase (Decrease) in Cash and Cash Equivalents and Restricted Cash 558 (80)
Cash and Cash Equivalents and Restricted Cash, Beginning of Period 335 245
Cash and Cash Equivalents and Restricted Cash, End of Period $ 893 $ 165