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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Aug. 03, 2024
Feb. 03, 2024
Jul. 29, 2023
Current Assets:      
Cash and Cash Equivalents $ 169 $ 270 $ 131
Accounts Receivable, Net 158 152 140
Inventories 1,019 985 1,040
Other 142 126 167
Total Current Assets 1,488 1,533 1,478
Property and Equipment, Net 810 843 855
Operating Lease Assets 1,473 1,351 1,314
Goodwill 367 367 365
Trade Names 282 284 287
Other Intangible Assets, Net 106 116 126
Deferred Income Taxes 19 20 16
Other Assets 90 86 84
Total Assets 4,635 4,600 4,525
Current Liabilities:      
Accounts Payable 475 513 529
Accrued Expenses and Other 752 810 578
Current Debt 4 4 4
Current Operating Lease Liabilities 257 267 293
Income Taxes 6 20 3
Total Current Liabilities 1,494 1,614 1,407
Deferred Income Taxes 40 37 61
Long-term Debt 1,119 1,120 1,270
Long-term Operating Lease Liabilities 1,428 1,312 1,285
Other Long-term Liabilities 60 79 202
Total Liabilities 4,141 4,162 4,225
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; 78, 78, and 77 shares issued and outstanding, respectively 1 1 1
Paid-in Capital 265 238 210
Accumulated Other Comprehensive Income 0 0 0
Retained Earnings 206 178 68
Total Victoria's Secret & Co. Shareholders' Equity 472 417 279
Noncontrolling Interest 22 21 21
Total Equity 494 438 300
Total Liabilities and Equity $ 4,635 $ 4,600 $ 4,525