Supplemental Guarantor Financial Information Supplemental Guarantor Financial Information (Tables)

12 Months Ended

Feb. 01, 2014

Feb. 02, 2013

Jan. 28, 2012

Supplemental Guarantor Financial Statements [Abstract]

Condensed Balance Sheet [Table Text Block]

L BRANDS, INC.

CONDENSED CONSOLIDATING BALANCE SHEET

(in millions)

	February 1, 2014
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated L Brands, Inc.
ASSETS
Current Assets:
Cash and Cash Equivalents	$	—		$	1,353		$	166		$	—		$	1,519
Accounts Receivable, Net	—			173			71			—			244
Inventories	—			966			199			—			1,165
Deferred Income Taxes	—			44			(16		)	—			28
Other	—			105			89			—			194
Total Current Assets	—			2,641			509			—			3,150
Property and Equipment, Net	—			1,197			848			—			2,045
Goodwill	—			1,318			—			—			1,318
Trade Names and Other Intangible Assets, Net	—			411			—			—			411
Net Investments in and Advances to/from Consolidated Affiliates	4,468			14,065			1,099			(19,632		)	—
Other Assets	186			19			680			(611		)	274
Total Assets	$	4,654		$	19,651		$	3,136		$	(20,243	)	$	7,198
LIABILITIES AND EQUITY (DEFICIT)
Current Liabilities:
Accounts Payable	$	3		$	316		$	280		$	—		$	599
Accrued Expenses and Other	86			410			291			—			787
Current Portion of Long-term Debt	215			—			—			—			215
Income Taxes	(1		)	176			50			—			225
Total Current Liabilities	303			902			621			—			1,826
Deferred Income Taxes	(4		)	(27		)	241			—			210
Long-term Debt	4,761			597			—			(597		)	4,761
Other Long-term Liabilities	3			581			201			(15		)	770
Total Equity (Deficit)	(409		)	17,598			2,073			(19,631		)	(369		)
Total Liabilities and Equity (Deficit)	$	4,654		$	19,651		$	3,136		$	(20,243	)	$	7,198

L BRANDS, INC.

CONDENSED CONSOLIDATING BALANCE SHEET

(in millions)

	February 2, 2013
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated L Brands, Inc.
ASSETS
Current Assets:
Cash and Cash Equivalents	$	—		$	417		$	356		$	—		$	773
Accounts Receivable, Net	—			140			63			—			203
Inventories	—			847			157			—			1,004
Deferred Income Taxes	—			39			(10		)	—			29
Other	2			117			77			—			196
Total Current Assets	2			1,560			643			—			2,205
Property and Equipment, Net	—			1,001			802			—			1,803
Goodwill	—			1,318			—			—			1,318
Trade Names and Other Intangible Assets, Net	—			411			1			—			412
Net Investments in and Advances to/from Consolidated Affiliates	3,348			13,968			624			(17,940		)	—
Other Assets	188			8			696			(611		)	281
Total Assets	$	3,538		$	18,266		$	2,766		$	(18,551	)	$	6,019
LIABILITIES AND EQUITY (DEFICIT)
Current Liabilities:
Accounts Payable	$	—		$	291		$	250		$	—		$	541
Accrued Expenses and Other	78			425			304			—			807
Income Taxes	1			134			55			—			190
Total Current Liabilities	79			850			609			—			1,538
Deferred Income Taxes	(4		)	(9		)	213			—			200
Long-term Debt	4,477			597			—			(597		)	4,477
Other Long-term Liabilities	4			625			204			(15		)	818
Total Equity (Deficit)	(1,018		)	16,203			1,740			(17,939		)	(1,014		)
Total Liabilities and Equity (Deficit)	$	3,538		$	18,266		$	2,766		$	(18,551	)	$	6,019

Condensed Income Statement [Table Text Block]

L BRANDS, INC.

CONDENSED CONSOLIDATING STATEMENT OF INCOME

(in millions)

	2013
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated L Brands, Inc.
Net Sales	$	—		$	9,878		$	3,441		$	(2,546	)	$	10,773
Costs of Goods Sold, Buying and Occupancy	—			(6,022		)	(2,754		)	2,432			(6,344		)
Gross Profit	—			3,856			687			(114		)	4,429
General, Administrative and Store Operating Expenses	(5		)	(2,369		)	(428		)	116			(2,686		)
Operating Income (Loss)	(5		)	1,487			259			2			1,743
Interest Expense	(314		)	(28		)	(11		)	39			(314		)
Other Income (Loss)	—			—			17			—			17
Income (Loss) Before Income Taxes	(319		)	1,459			265			41			1,446
Provision (Benefit) for Income Taxes	—			305			238			—			543
Equity in Earnings, Net of Tax	1,222			179			450			(1,851		)	—
Net Income (Loss)	$	903		$	1,333		$	477		$	(1,810	)	$	903

L BRANDS, INC.

CONDENSED CONSOLIDATING STATEMENT OF INCOME

(in millions)

	2012
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated L Brands, Inc.
Net Sales	$	—		$	9,570		$	2,954		$	(2,065	)	$	10,459
Costs of Goods Sold, Buying and Occupancy	—			(5,578		)	(2,464		)	1,969			(6,073		)
Gross Profit	—			3,992			490			(96		)	4,386
General, Administrative and Store Operating Expenses	(5		)	(2,405		)	(403		)	93			(2,720		)
Impairment of Goodwill and Other Intangible Assets	—			—			(93		)	—			(93		)
Operating Income (Loss)	(5		)	1,587			(6		)	(3		)	1,573
Interest Expense	(316		)	(22		)	(10		)	32			(316		)
Other Income (Loss)	—			1			23			—			24
Income (Loss) Before Income Taxes	(321		)	1,566			7			29			1,281
Provision (Benefit) for Income Taxes	—			359			169			—			528
Equity in Earnings, Net of Tax	1,074			(125		)	432			(1,381		)	—
Net Income (Loss)	$	753		$	1,082		$	270		$	(1,352	)	$	753

L BRANDS, INC.

CONDENSED CONSOLIDATING STATEMENT OF INCOME

(in millions)

	2011
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated L Brands, Inc.
Net Sales	$	—		$	9,570		$	3,334		$	(2,540	)	$	10,364
Costs of Goods Sold, Buying and Occupancy	—			(5,943		)	(2,782		)	2,418			(6,307		)
Gross Profit	—			3,627			552			(122		)	4,057
General, Administrative and Store Operating Expenses	(5		)	(2,297		)	(517		)	121			(2,698		)
Impairment of Goodwill and Other Intangible Assets	—			—			(232		)	—			(232		)
Gain on Divestiture of Third-party Apparel Sourcing Business	—			6			105			—			111
Operating Income (Loss)	(5		)	1,336			(92		)	(1		)	1,238
Interest Expense	(245		)	(25		)	(12		)	36			(246		)
Other Income (Loss)	—			1			234			—			235
Income (Loss) Before Income Taxes	(250		)	1,312			130			35			1,227
Provision (Benefit) for Income Taxes	2			324			51			—			377
Equity in Earnings, Net of Tax	1,102			108			217			(1,427		)	—
Net Income (Loss)	$	850		$	1,096		$	296		$	(1,392	)	$	850

Condensed Comprehensive Income Statement [Table Text Block]

L BRANDS, INC.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

(in millions)

	2013
	L Brands, Inc.		Guarantor Subsidiaries		Non-guarantor Subsidiaries			Eliminations			Consolidated L Brands, Inc.
Net Income (Loss)	$	903	$	1,333	$	477		$	(1,810	)	$	903
Other Comprehensive Income (Loss), Net of Tax:
Reclassification of Cash Flow Hedges to Earnings	—		—		(50		)	—			(50		)
Foreign Currency Translation	—		—		40			—			40
Unrealized Gain (Loss) on Cash Flow Hedges	—		—		46			—			46
Total Other Comprehensive Income (Loss), Net of Tax	—		—		36			—			36
Total Comprehensive Income	$	903	$	1,333	$	513		$	(1,810	)	$	939

L BRANDS, INC.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

(in millions)

	2012
	L Brands, Inc.		Guarantor Subsidiaries		Non-guarantor Subsidiaries			Eliminations			Consolidated L Brands, Inc.
Net Income (Loss)	$	753	$	1,082	$	270		$	(1,352	)	$	753
Other Comprehensive Income (Loss), Net of Tax:
Reclassification of Cash Flow Hedges to Earnings	2		—		3			—			5
Foreign Currency Translation	—		—		(2		)	—			(2		)
Unrealized Gain (Loss) on Cash Flow Hedges	—		—		1			—			1
Total Other Comprehensive Income (Loss), Net of Tax	2		—		2			—			4
Total Comprehensive Income	$	755	$	1,082	$	272		$	(1,352	)	$	757

L BRANDS, INC.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

(in millions)

	2011
	L Brands, Inc.		Guarantor Subsidiaries		Non-guarantor Subsidiaries			Eliminations			Consolidated L Brands, Inc.
Net Income (Loss)	$	850	$	1,096	$	296		$	(1,392	)	$	850
Other Comprehensive Income (Loss), Net of Tax:
Reclassification of Cash Flow Hedges to Earnings	3		—		—			—			3
Foreign Currency Translation	—		—		(1		)	—			(1		)
Unrealized Gain (Loss) on Cash Flow Hedges	—		—		(3		)	—			(3		)
Total Other Comprehensive Income (Loss), Net of Tax	3		—		(4		)	—			(1		)
Total Comprehensive Income	$	853	$	1,096	$	292		$	(1,392	)	$	849

Condensed Cash Flow Statement [Table Text Block]

L BRANDS, INC.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

(in millions)

	2013
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations		Consolidated L Brands, Inc.
Net Cash Provided by (Used for) Operating Activities	$	(302	)	$	1,267		$	283		$	—	$	1,248
Investing Activities:
Capital Expenditures	—			(475		)	(216		)	—		(691		)
Return of Capital from Third-party Apparel Sourcing Business Investment	—			—			46			—		46
Other Investing Activities	—			—			(10		)	—		(10		)
Net Cash Used for Investing Activities	—			(475		)	(180		)	—		(655		)
Financing Activities:
Proceeds from Long-term Debt, Net of Issuance and Discount Costs	495			—			—			—		495
Borrowings from Revolving Facility	290			—			—			—		290
Repayments on Revolving Facility	(290		)	—			—			—		(290		)
Repurchase of Common Stock	(60		)	—			—			—		(60		)
Dividends Paid	(349		)	—			—			—		(349		)
Excess Tax Benefits from Share-based Compensation	—			31			5			—		36
Net Financing Activities and Advances to/from Consolidated Affiliates	184			113			(297		)	—		—
Proceeds From Exercise of Stock Options and Other	32			—			—			—		32
Net Cash Provided by (Used for) Financing Activities	302			144			(292		)	—		154
Effects of Exchange Rate Changes on Cash	—			—			(1		)	—		(1		)
Net Increase (Decrease) in Cash and Cash Equivalents	—			936			(190		)	—		746
Cash and Cash Equivalents, Beginning of Year	—			417			356			—		773
Cash and Cash Equivalents, End of Year	$	—		$	1,353		$	166		$	—	$	1,519

L BRANDS, INC.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

(in millions)

	2012
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated L Brands, Inc.
Net Cash Provided by (Used for) Operating Activities	$	(361	)	$	1,342		$	370		$	—		$	1,351
Investing Activities:
Capital Expenditures	—			(344		)	(244		)	—			(588		)
Return of Capital from Third-party Apparel Sourcing Business Investment	—			—			22			—			22
Return of Capital from Easton Investments	—			—			13			—			13
Net Investments in Consolidated Affiliates	—			36			—			(36		)	—
Other Investing Activities	—			17			5			—			22
Net Cash Provided by (Used for) Investing Activities	—			(291		)	(204		)	(36		)	(531		)
Financing Activities:
Proceeds from Long-term Debt, Net of Issuance and Discount Costs	985			—			—			—			985
Payments of Long-term Debt	(57		)	—			—			—			(57		)
Repurchase of Common Stock	(629		)	—			—			—			(629		)
Dividends Paid	(1,449		)	—			—			—			(1,449		)
Excess Tax Benefits from Share-based Compensation	—			95			21			—			116
Net Financing Activities and Advances to/from Consolidated Affiliates	1,459			(1,100		)	(395		)	36			—
Proceeds From Exercise of Stock Options and Other	52			—			—			—			52
Net Cash Provided by (Used for) Financing Activities	361			(1,005		)	(374		)	36			(982		)
Effects of Exchange Rate Changes on Cash	—			—			—			—			—
Net Increase (Decrease) in Cash and Cash Equivalents	—			46			(208		)	—			(162		)
Cash and Cash Equivalents, Beginning of Year	—			371			564			—			935
Cash and Cash Equivalents, End of Year	$	—		$	417		$	356		$	—		$	773

L BRANDS, INC.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

(in millions)

	2011
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated L Brands, Inc.
Net Cash Provided by (Used for) Operating Activities	$	(178	)	$	1,225		$	219		$	—		$	1,266
Investing Activities:
Capital Expenditures	—			(219		)	(207		)	—			(426		)
Proceeds from Divestiture of Third-party Apparel Sourcing Business	—			78			46			—			124
Proceeds from Sale of Express Common Stock	—			—			99			—			99
Net Investments in Consolidated Affiliates	—			(36		)	—			36			—
Other Investing Activities	—			—			(23		)	—			(23		)
Net Cash Provided by (Used for) Investing Activities	—			(177		)	(85		)	36			(226		)
Financing Activities:
Proceeds from Long-term Debt, Net of Issuance and Discount Costs	981			—			—			—			981
Financing Costs	(7		)	—			—			—			(7		)
Repurchase of Common Stock	(1,190		)	—			—			—			(1,190		)
Dividends Paid	(1,144		)	—			—			—			(1,144		)
Excess Tax Benefits from Share-based Compensation	—			39			9			—			48
Net Financing Activities and Advances to/from Consolidated Affiliates	1,463			(1,417		)	(10		)	(36		)	—
Proceeds From Exercise of Stock Options and Other	75			—			—			—			75
Net Cash Provided by (Used for) Financing Activities	178			(1,378		)	(1		)	(36		)	(1,237		)
Effects of Exchange Rate Changes on Cash	—			—			2			—			2
Net Increase (Decrease) in Cash and Cash Equivalents	—			(330		)	135			—			(195		)
Cash and Cash Equivalents, Beginning of Year	—			701			429			—			1,130
Cash and Cash Equivalents, End of Year	$	—		$	371		$	564		$	—		$	935