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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 29, 2023
Jan. 28, 2023
Jul. 30, 2022
Current Assets:      
Cash and Cash Equivalents $ 131 $ 427 $ 201
Accounts Receivable, Net 140 141 149
Inventories 1,040 1,052 1,086
Other 167 117 116
Total Current Assets 1,478 1,737 1,552
Property and Equipment, Net 855 846 864
Operating Lease Assets 1,314 1,232 1,298
Goodwill 365 365 0
Trade Names 287 289 246
Other Intangible Assets, Net 126 137 0
Deferred Income Taxes 16 18 21
Other Assets 84 87 91
Total Assets 4,525 4,711 4,072
Current Liabilities:      
Accounts Payable 529 481 490
Accrued Expenses and Other 578 737 623
Current Debt 4 4 4
Current Operating Lease Liabilities 293 310 322
Income Taxes 3 47 6
Total Current Liabilities 1,407 1,579 1,445
Deferred Income Taxes 61 53 60
Long-term Debt 1,270 1,271 977
Long-term Operating Lease Liabilities 1,285 1,201 1,269
Other Long-term Liabilities 202 206 52
Total Liabilities 4,225 4,310 3,803
Shareholders' Equity:      
Preferred Stock — $0.01 par value; 10 shares authorized; 0 shares issued and outstanding 0 0 0
Common Stock — $0.01 par value; 1,000 shares authorized; 77, 80, and 82 shares issued and outstanding, respectively 1 1 1
Paid-in Capital 210 195 177
Accumulated Other Comprehensive Income 0 1 6
Retained Earnings 68 186 65
Less: Treasury Stock; 0, 0, and 0 shares, respectively 0 0 2
Total Victoria's Secret & Co. Shareholders' Equity 279 383 247
Noncontrolling Interest 21 18 22
Total Equity 300 401 269
Total Liabilities and Equity $ 4,525 $ 4,711 $ 4,072