CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Nov. 01, 2025	Feb. 01, 2025	Nov. 02, 2024
Current Assets:
Cash and Cash Equivalents	$ 249	$ 227	$ 161
Accounts Receivable, Net	190	159	163
Inventories	1,377	955	1,290
Other	129	100	172
Total Current Assets	1,945	1,441	1,786
Property and Equipment, Net	766	774	806
Operating Lease Assets	1,595	1,481	1,472
Goodwill	367	367	367
Trade Names	277	281	281
Other Intangible Assets, Net	80	95	100
Deferred Income Taxes	22	22	19
Other Assets	82	71	90
Total Assets	5,134	4,532	4,921
Current Liabilities:
Accounts Payable	546	419	464
Accrued Expenses and Other	646	633	801
Current Debt	4	4	4
Current Operating Lease Liabilities	284	287	252
Income Taxes	11	32	5
Total Current Liabilities	1,491	1,375	1,526
Deferred Income Taxes	13	11	38
Long-term Debt	1,347	973	1,414
Long-term Operating Lease Liabilities	1,551	1,434	1,428
Other Long-term Liabilities	43	75	62
Total Liabilities	4,445	3,868	4,468
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 79 shares issued and outstanding, respectively	1	1	1
Paid-in Capital	330	297	278
Accumulated Other Comprehensive Income (Loss)	2	(1)	0
Retained Earnings	320	343	150
Total Victoria’s Secret & Co. Shareholders’ Equity	653	640	429
Noncontrolling Interest	36	24	24
Total Equity	689	664	453
Total Liabilities and Equity	$ 5,134	$ 4,532	$ 4,921