CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Aug. 02, 2025	Feb. 01, 2025	Aug. 03, 2024
Current Assets:
Cash and Cash Equivalents	$ 188	$ 227	$ 169
Accounts Receivable, Net	166	159	158
Inventories	1,058	955	1,019
Other	127	100	142
Total Current Assets	1,539	1,441	1,488
Property and Equipment, Net	777	774	810
Operating Lease Assets	1,612	1,481	1,473
Goodwill	367	367	367
Trade Names	278	281	282
Other Intangible Assets, Net	85	95	106
Deferred Income Taxes	22	22	19
Other Assets	75	71	90
Total Assets	4,755	4,532	4,635
Current Liabilities:
Accounts Payable	480	419	475
Accrued Expenses and Other	600	633	752
Current Debt	4	4	4
Current Operating Lease Liabilities	258	287	257
Income Taxes	3	32	6
Total Current Liabilities	1,345	1,375	1,494
Deferred Income Taxes	14	11	40
Long-term Debt	1,048	973	1,119
Long-term Operating Lease Liabilities	1,564	1,434	1,428
Other Long-term Liabilities	74	75	60
Total Liabilities	4,045	3,868	4,141
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; 80, 79, and 78 shares issued and outstanding, respectively	1	1	1
Paid-in Capital	320	297	265
Accumulated Other Comprehensive Income (Loss)	2	(1)	0
Retained Earnings	357	343	206
Total Victoria’s Secret & Co. Shareholders’ Equity	680	640	472
Noncontrolling Interest	30	24	22
Total Equity	710	664	494
Total Liabilities and Equity	$ 4,755	$ 4,532	$ 4,635