Consolidated Balance Sheets - USD ($) $ in Millions	Jan. 31, 2026	Feb. 01, 2025
Current Assets:
Cash and Cash Equivalents	$ 518	$ 227
Accounts Receivable, Net	186	159
Inventories	1,071	955
Other	108	100
Total Current Assets	1,883	1,441
Property and Equipment, Net	731	774
Operating Lease Assets	1,631	1,481
Goodwill	367	367
Trade Names	246	281
Other Intangible Assets, Net	0	95
Deferred Income Taxes	65	22
Other Assets	90	71
Total Assets	5,013	4,532
Current Liabilities:
Accounts Payable	493	419
Accrued Expenses and Other	673	633
Current Debt	4	4
Current Operating Lease Liabilities	295	287
Income Taxes	42	32
Total Current Liabilities	1,507	1,375
Deferred Income Taxes	5	11
Long-term Debt	971	973
Long-term Operating Lease Liabilities	1,576	1,434
Other Long-term Liabilities	44	75
Total Liabilities	4,103	3,868
Shareholders’ Equity:
Preferred Stock—$0.01 par value; 10 shares authorized; none issued	0	0
Common Stock—$0.01 par value; 1,000 shares authorized; 80 and 79 shares issued; 80 and 79 shares outstanding, respectively	1	1
Paid-in Capital	345	297
Accumulated Other Comprehensive Income (Loss)	6	(1)
Retained Earnings	504	343
Total Victoria’s Secret & Co. Shareholders’ Equity	856	640
Noncontrolling Interest	54	24
Total Equity	910	664
Total Liabilities and Equity	$ 5,013	$ 4,532