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Segment Information (Tables)
 12 Months Ended
Jan. 31, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
The following table provides the Company’s segment information for 2025, 2024 and 2023:
202520242023
(in millions)
Net Sales$6,553 $6,230 $6,182 
Costs of Goods Sold(2,812)(2,591)(2,564)
Buying and Occupancy Expenses(1,357)(1,355)(1,376)
General, Administrative and Store Operating Expenses (a)(1,668)(1,545)(1,542)
Advertising and Marketing Expenses(445)(429)(454)
Operating Income$271 $310 $246 
Interest Expense(70)(86)(99)
Provision for Income Taxes(19)(52)(31)
Other Items (b)(21)(7)(7)
Net Income Attributable to Victoria’s Secret & Co.
$161 $165 $109 
_______________
(a)Excludes Advertising and Marketing Expenses.
(b)Other Items includes net income attributable to noncontrolling interest, interest income and other miscellaneous expense items.
Revenue from External Customers by Geographic Areas
The following table provides Net Sales by geographic location for 2025, 2024 and 2023:
202520242023
(in millions)
U.S. (a)$5,391 $5,252 $5,272 
Outside of the U.S. (b)1,162 978 910 
Total Net Sales$6,553 $6,230 $6,182 
_______________
(a)Includes U.S. territories.
(b)Includes sales from Company-operated stores outside of the U.S., royalty revenue from franchise and license arrangements, wholesale revenues and direct sales shipped internationally. Certain of these sales are subject to the impact of fluctuations in foreign currency.
Long-Lived Assets by Geographic Areas
The following table provides long-lived assets, excluding deferred tax assets, equity method investments, goodwill, trade names, and other intangible assets, by geographic location as of January 31, 2026 and February 1, 2025:
January 31,
2026		February 1,
2025
(in millions)
U.S. (a)$2,211 $2,136 
Outside of the U.S.188 143 
Total Long-lived Assets$2,399 $2,279 
_______________
(a)Includes U.S. territories.