CONSOLIDATED AND COMBINED BALANCE SHEETS - USD ($) $ in Millions	Apr. 30, 2022	Jan. 29, 2022	May 01, 2021
Current Assets:
Cash and Cash Equivalents	$ 204	$ 490	$ 332
Accounts Receivable, Net	152	162	111
Inventories	1,046	949	761
Other	112	90	95
Total Current Assets	1,514	1,691	1,299
Property and Equipment, Net	901	957	1,036
Operating Lease Assets	1,299	1,369	1,602
Trade Name	246	246	246
Deferred Income Taxes	17	17	13
Other Assets	88	64	51
Total Assets	4,065	4,344	4,247
Current Liabilities:
Accounts Payable	443	538	366
Accrued Expenses and Other	607	714	693
Current Debt	4	4	0
Current Operating Lease Liabilities	299	340	356
Income Taxes	98	102	29
Total Current Liabilities	1,451	1,698	1,444
Deferred Income Taxes	63	58	45
Long-term Debt	977	978	0
Long-term Debt due to Former Parent	0	0	97
Long-term Operating Lease Liabilities	1,274	1,314	1,541
Other Long-term Liabilities	49	39	113
Total Liabilities	3,814	4,087	3,240
Shareholders' Equity:
Preferred Stock — $0.01 par value; 10 shares authorized; none issued	0	0	0
Common Stock — $0.01 par value; 1,000 shares authorized; 83, 85, and 0 shares issued and outstanding, respectively	1	1	0
Paid-in Capital	166	125	0
Accumulated Other Comprehensive Income	8	5	7
Retained Earnings	52	126	0
Net Investment by Former Parent	0	0	1,000
Total Victoria's Secret & Co. Shareholders' Equity	227	257	1,007
Noncontrolling Interest	24	0	0
Total Equity	251	257	1,007
Total Liabilities and Equity	$ 4,065	$ 4,344	$ 4,247