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CONSOLIDATED AND COMBINED BALANCE SHEETS - USD ($)
shares in Millions, $ in Millions
Jul. 30, 2022
Jan. 29, 2022
Jul. 31, 2021
Current Assets:      
Cash and Cash Equivalents $ 201 $ 490 $ 293
Cash in Escrow related to the Spin-Off 0 0 600
Accounts Receivable, Net 149 162 99
Inventories 1,086 949 745
Other 116 90 90
Total Current Assets 1,552 1,691 1,827
Property and Equipment, Net 864 957 999
Operating Lease Assets 1,298 1,369 1,513
Trade Name 246 246 246
Deferred Income Taxes 21 17 12
Other Assets 91 64 61
Total Assets 4,072 4,344 4,658
Current Liabilities:      
Accounts Payable 490 538 371
Accrued Expenses and Other 623 714 704
Current Debt 4 4 0
Current Operating Lease Liabilities 322 340 332
Income Taxes 6 102 28
Total Current Liabilities 1,445 1,698 1,435
Deferred Income Taxes 60 58 70
Long-term Debt 977 978 592
Long-term Debt due to Former Parent 0 0 97
Long-term Operating Lease Liabilities 1,269 1,314 1,457
Other Long-term Liabilities 52 39 123
Total Liabilities 3,803 4,087 3,774
Shareholders' Equity:      
Preferred Stock — $0.01 par value; 10 shares authorized; 0 issued and outstanding 0 0 0
Common Stock — $0.01 par value; 1,000 shares authorized; 82, 85, and 0 shares issued and outstanding, respectively 1 1 0
Paid-in Capital 177 125 0
Accumulated Other Comprehensive Income 6 5 8
Retained Earnings 65 126 0
Net Investment by Former Parent 0 0 876
Treasury Stock, Value $ (2) $ 0 $ 0
Treasury Stock, Shares 0 0 0
Total Victoria's Secret & Co. Shareholders' Equity $ 247 $ 257 $ 884
Noncontrolling Interest 22 0 0
Total Equity 269 257 884
Total Liabilities and Equity $ 4,072 $ 4,344 $ 4,658