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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Nov. 02, 2024
Feb. 03, 2024
Oct. 28, 2023
Current Assets:      
Cash and Cash Equivalents $ 161 $ 270 $ 124
Accounts Receivable, Net 163 152 139
Inventories 1,290 985 1,211
Other 172 126 162
Total Current Assets 1,786 1,533 1,636
Property and Equipment, Net 806 843 871
Operating Lease Assets 1,472 1,351 1,311
Goodwill 367 367 365
Trade Names 281 284 286
Other Intangible Assets, Net 100 116 121
Deferred Income Taxes 19 20 15
Other Assets 90 86 82
Total Assets 4,921 4,600 4,687
Current Liabilities:      
Accounts Payable 464 513 449
Accrued Expenses and Other 801 810 625
Current Debt 4 4 4
Current Operating Lease Liabilities 252 267 288
Income Taxes 5 20 2
Total Current Liabilities 1,526 1,614 1,368
Deferred Income Taxes 38 37 60
Long-term Debt 1,414 1,120 1,530
Long-term Operating Lease Liabilities 1,428 1,312 1,279
Other Long-term Liabilities 62 79 212
Total Liabilities 4,468 4,162 4,449
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; 79, 78, and 77 shares issued and outstanding, respectively 1 1 1
Paid-in Capital 278 238 223
Accumulated Other Comprehensive Income (Loss) 0 0 (1)
Retained Earnings (Accumulated Deficit) 150 178 (3)
Total Victoria's Secret & Co. Shareholders' Equity 429 417 220
Noncontrolling Interest 24 21 18
Total Equity 453 438 238
Total Liabilities and Equity $ 4,921 $ 4,600 $ 4,687