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Consoldiated Statements of Comprehensive Income (USD $)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended
Jan. 28, 2012
Oct. 29, 2011
Jul. 30, 2011
Apr. 30, 2011
Jan. 29, 2011
Oct. 30, 2010
Jul. 31, 2010
May 01, 2010
Jan. 28, 2012
Jan. 29, 2011
Jan. 30, 2010
Net Income $ 360 [1] $ 94 [2] $ 231 [3] $ 165 [4] $ 453 [5] $ 61 $ 178 [6] $ 113 [7] $ 850 $ 805 $ 448
Other Comprehensive Income, Net of Tax                      
Reclassification of Cash Flow Hedges to Earnings                 3 41 71
Foreign Currency Translation                 (1) (1) (2)
Unrealized Loss on Cash Flow Hedges                 (3) (24) (56)
Total Other Comprehensive Income (Loss), Net of Tax                 (1) 16 13
Total Comprehensive Income                 $ 849 $ 821 $ 461
[1] Includes the effect of the following items:(i)A pre-tax charge of $232 million related to the impairment of La Senza goodwill and other intangible assets;(ii)A pre-tax gain of $111 million related to the sale of 51% of the third-party apparel sourcing business;(iii)A pre-tax expense of $24 million relating to restructuring expenses at La Senza; and(iv)A tax benefit of $28 million related to certain discrete income tax matters.
[2] Includes the effect of a tax benefit of $17 million related to the favorable resolution of certain discrete income tax matters.
[3] Includes the effect of a non-taxable gain of $147 million and pre-tax expense of $113 million associated with the charitable contribution of Express, Inc. common stock to The Limited Brands Foundation.
[4] Includes the effect of the following items:(i)A pre-tax gain of $86 million related to the sale of shares of Express, Inc. common stock;(ii)A pre-tax expense of $50 million related to a pledge to The Limited Brands Foundation; and(iii)A tax benefit of $11 million related to the favorable resolution of certain discrete income tax matters.
[5] Includes the effect of the following items:(i)A pre-tax gain of $45 million related to the sale of Express, Inc. common stock; and(ii)A pre-tax gain of $7 million related to a dividend payment from Express, Inc.
[6] Includes the effect of the following items:(i)A pre-tax gain of $52 million related to the initial public offering of Express, Inc. including the sale of a portion of the company’s shares;(ii)A pre-tax loss of $25 million associated with the early retirement of portions of the 2012 and 2014 notes; and(iii)A pre-tax gain of $20 million associated with the sale of the remaining 25% ownership interest in Limited Stores.
[7] Includes the effect of a pre-tax gain of $49 million related to a $57 million cash distribution from Express.