Supplemental Guarantor Financial Information Supplemental Guarantor Financial Information (Tables)

12 Months Ended

Jan. 28, 2017

Jan. 30, 2016

Jan. 31, 2015

Supplemental Guarantor Financial Statements [Abstract]

Condensed Balance Sheet [Table Text Block]

L BRANDS, INC.

CONDENSED CONSOLIDATING BALANCE SHEET

(in millions)

	January 28, 2017
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries		Eliminations			Consolidated L Brands, Inc.
ASSETS
Current Assets:
Cash and Cash Equivalents	$	—		$	1,562		$	372	$	—		$	1,934
Accounts Receivable, Net	—			228			66		—			294
Inventories	—			976			120		—			1,096
Other	—			53			88		—			141
Total Current Assets	—			2,819			646		—			3,465
Property and Equipment, Net	—			1,897			844		—			2,741
Goodwill	—			1,318			30		—			1,348
Trade Names and Other Intangible Assets, Net	—			411			—		—			411
Net Investments in and Advances to/from Consolidated Affiliates	4,923			15,824			1,350		(22,097		)	—
Deferred Income Taxes	—			10			9		—			19
Other Assets	130			28			639		(611		)	186
Total Assets	$	5,053		$	22,307		$	3,518	$	(22,708	)	$	8,170
LIABILITIES AND EQUITY (DEFICIT)
Current Liabilities:
Accounts Payable	$	3		$	326		$	354	$	—		$	683
Accrued Expenses and Other	100			526			371		—			997
Current Portion of Long-term Debt	—			—			36		—			36
Income Taxes	(11		)	221			88		—			298
Total Current Liabilities	92			1,073			849		—			2,014
Deferred Income Taxes	(3		)	(93		)	448		—			352
Long-term Debt	5,700			597			—		(597		)	5,700
Other Long-term Liabilities	3			761			81		(14		)	831
Total Equity (Deficit)	(739		)	19,969			2,140		(22,097		)	(727		)
Total Liabilities and Equity (Deficit)	$	5,053		$	22,307		$	3,518	$	(22,708	)	$	8,170

L BRANDS, INC.

CONDENSED CONSOLIDATING BALANCE SHEET

(in millions)

	January 30, 2016
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated L Brands, Inc.
ASSETS
Current Assets:
Cash and Cash Equivalents	$	—		$	2,190		$	358		$	—		$	2,548
Accounts Receivable, Net	1			202			58			—			261
Inventories	—			978			144			—			1,122
Other	—			115			110			—			225
Total Current Assets	1			3,485			670			—			4,156
Property and Equipment, Net	—			1,574			756			—			2,330
Goodwill	—			1,318			—			—			1,318
Trade Names and Other Intangible Assets, Net	—			411			—			—			411
Net Investments in and Advances to/from Consolidated Affiliates	5,368			13,649			1,242			(20,259		)	—
Deferred Income Taxes	—			11			19			—			30
Other Assets	141			40			679			(612		)	248
Total Assets	$	5,510		$	20,488		$	3,366		$	(20,871	)	$	8,493
LIABILITIES AND EQUITY (DEFICIT)
Current Liabilities:
Accounts Payable	$	—		$	333		$	335		$	—		$	668
Accrued Expenses and Other	100			519			358			—			977
Current Portion of Long-term Debt	—			—			6			—			6
Income Taxes	(3		)	237			(10		)	—			224
Total Current Liabilities	97			1,089			689			—			1,875
Deferred Income Taxes	(3		)	(86		)	346			—			257
Long-term Debt	5,714			597			1			(597		)	5,715
Other Long-term Liabilities	—			670			248			(14		)	904
Total Equity (Deficit)	(298		)	18,218			2,082			(20,260		)	(258		)
Total Liabilities and Equity (Deficit)	$	5,510		$	20,488		$	3,366		$	(20,871	)	$	8,493

Condensed Income Statement [Table Text Block]

L BRANDS, INC.

CONDENSED CONSOLIDATING STATEMENT OF INCOME

(in millions)

	2016
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated L Brands, Inc.
Net Sales	$	—		$	11,959		$	3,533		$	(2,918	)	$	12,574
Costs of Goods Sold, Buying and Occupancy	—			(7,277		)	(2,854		)	2,682			(7,449		)
Gross Profit	—			4,682			679			(236		)	5,125
General, Administrative and Store Operating Expenses	(8		)	(2,843		)	(457		)	186			(3,122		)
Operating Income (Loss)	(8		)	1,839			222			(50		)	2,003
Interest Expense	(394		)	(60		)	(11		)	71			(394		)
Other Income	(35		)	3			119			—			87
Income (Loss) Before Income Taxes	(437		)	1,782			330			21			1,696
Provision (Benefit) for Income Taxes	(10		)	432			116			—			538
Equity in Earnings, Net of Tax	1,585			39			376			(2,000		)	—
Net Income (Loss)	$	1,158		$	1,389		$	590		$	(1,979	)	$	1,158

L BRANDS, INC.

CONDENSED CONSOLIDATING STATEMENT OF INCOME

(in millions)

	2015
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated L Brands, Inc.
Net Sales	$	—		$	11,475		$	3,570		$	(2,891	)	$	12,154
Costs of Goods Sold, Buying and Occupancy	—			(6,843		)	(2,858		)	2,751			(6,950		)
Gross Profit	—			4,632			712			(140		)	5,204
General, Administrative and Store Operating Expenses	(12		)	(2,688		)	(440		)	128			(3,012		)
Operating Income (Loss)	(12		)	1,944			272			(12		)	2,192
Interest Expense	(334		)	(38		)	(9		)	47			(334		)
Other Income	—			5			71			—			76
Income (Loss) Before Income Taxes	(346		)	1,911			334			35			1,934
Provision (Benefit) for Income Taxes	(2		)	478			205			—			681
Equity in Earnings, Net of Tax	1,597			94			348			(2,039		)	—
Net Income (Loss)	$	1,253		$	1,527		$	477		$	(2,004	)	$	1,253

L BRANDS, INC.

CONDENSED CONSOLIDATING STATEMENT OF INCOME

(in millions)

	2014
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated L Brands, Inc.
Net Sales	$	—		$	10,711		$	3,343		$	(2,600	)	$	11,454
Costs of Goods Sold, Buying and Occupancy	—			(6,449		)	(2,611		)	2,414			(6,646		)
Gross Profit	—			4,262			732			(186		)	4,808
General, Administrative and Store Operating Expenses	(6		)	(2,538		)	(446		)	135			(2,855		)
Operating Income (Loss)	(6		)	1,724			286			(51		)	1,953
Interest Expense	(324		)	(35		)	(9		)	44			(324		)
Other Income	1			—			6			—			7
Income (Loss) Before Income Taxes	(329		)	1,689			283			(7		)	1,636
Provision (Benefit) for Income Taxes	(3		)	385			212			—			594
Equity in Earnings, Net of Tax	1,368			46			316			(1,730		)	—
Net Income (Loss)	$	1,042		$	1,350		$	387		$	(1,737	)	$	1,042

Condensed Comprehensive Income Statement [Table Text Block]

L BRANDS, INC.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

(in millions)

	2016
	L Brands, Inc.		Guarantor Subsidiaries		Non-guarantor Subsidiaries			Eliminations			Consolidated L Brands, Inc.
Net Income (Loss)	$	1,158	$	1,389	$	590		$	(1,979	)	$	1,158
Other Comprehensive Income (Loss), Net of Tax:
Foreign Currency Translation	—		—		(19		)	—			(19		)
Unrealized Loss on Cash Flow Hedges	—		—		(8		)	—			(8		)
Reclassification of Cash Flow Hedges to Earnings	—		—		7			—			7
Unrealized Loss on Marketable Securities	—		—		(5		)	—			(5		)
Reclassification of Gain on Marketable Securities to Earnings	—		—		(3		)	—			(3		)
Total Other Comprehensive Income (Loss), Net of Tax	—		—		(28		)	—			(28		)
Total Comprehensive Income	$	1,158	$	1,389	$	562		$	(1,979	)	$	1,130

L BRANDS, INC.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

(in millions)

	2015
	L Brands, Inc.		Guarantor Subsidiaries		Non-guarantor Subsidiaries			Eliminations			Consolidated L Brands, Inc.
Net Income (Loss)	$	1,253	$	1,527	$	477		$	(2,004	)	$	1,253
Other Comprehensive Income (Loss), Net of Tax:
Foreign Currency Translation	—		—		(23		)	—			(23		)
Unrealized Gain on Cash Flow Hedges	—		—		6			—			6
Reclassification of Cash Flow Hedges to Earnings	—		—		14			—			14
Unrealized Gain on Marketable Securities	—		—		8			—			8
Total Other Comprehensive Income, Net of Tax	—		—		5			—			5
Total Comprehensive Income	$	1,253	$	1,527	$	482		$	(2,004	)	$	1,258

L BRANDS, INC.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

(in millions)

	2014
	L Brands, Inc.		Guarantor Subsidiaries		Non-guarantor Subsidiaries			Eliminations			Consolidated L Brands, Inc.
Net Income (Loss)	$	1,042	$	1,350	$	387		$	(1,737	)	$	1,042
Other Comprehensive Income (Loss), Net of Tax:
Foreign Currency Translation	—		—		21			—			21
Unrealized Gain on Cash Flow Hedges	—		—		34			—			34
Reclassification of Cash Flow Hedges to Earnings	—		—		(60		)	—			(60		)
Total Other Comprehensive Income (Loss), Net of Tax	—		—		(5		)	—			(5		)
Total Comprehensive Income	$	1,042	$	1,350	$	382		$	(1,737	)	$	1,037

Condensed Cash Flow Statement [Table Text Block]

L BRANDS, INC.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

(in millions)

	2016
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations		Consolidated L Brands, Inc.
Net Cash Provided by (Used for) Operating Activities	$	(462	)	$	1,848		$	504		$	—	$	1,890
Investing Activities:
Capital Expenditures	—			(705		)	(285		)	—		(990		)
Return of Capital from Easton Town Center, LLC	—			—			108			—		108
Acquisition, Net of Cash Acquired of $1	—			—			(33		)	—		(33		)
Proceeds from Sale of Assets	—			—			53			—		53
Proceeds from Sale of Marketable Securities	—			—			10			—		10
Other Investing Activities	—			(2		)	21			—		19
Net Cash Used for Investing Activities	—			(707		)	(126		)	—		(833		)
Financing Activities:
Proceeds from Issuance of Long-term Debt, Net of Issuance Costs	692			—			—			—		692
Payments of Long-term Debt	(742		)	—			—			—		(742		)
Borrowings from Debt Facilities	—			—			35			—		35
Repayments on Debt Facilities	—			—			(6		)	—		(6		)
Dividends Paid	(1,268		)	—			—			—		(1,268		)
Repurchases of Common Stock	(435		)	—			—			—		(435		)
Excess Tax Benefits from Share-based Compensation	—			37			5			—		42
Net Financing Activities and Advances to/from Consolidated Affiliates	2,195			(1,803		)	(392		)	—		—
Proceeds From Exercise of Stock Options	20			—			—			—		20
Financing Costs and Other	—			(3		)	—			—		(3		)
Net Cash Provided by (Used for) Financing Activities	462			(1,769		)	(358		)	—		(1,665		)
Effects of Exchange Rate Changes on Cash	—			—			(6		)	—		(6		)
Net Increase in Cash and Cash Equivalents	—			(628		)	14			—		(614		)
Cash and Cash Equivalents, Beginning of Year	—			2,190			358			—		2,548
Cash and Cash Equivalents, End of Year	$	—		$	1,562		$	372		$	—	$	1,934

L BRANDS, INC.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

(in millions)

	2015
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations		Consolidated L Brands, Inc.
Net Cash Provided by (Used for) Operating Activities	$	(322	)	$	1,835		$	356		$	—	$	1,869
Investing Activities:
Capital Expenditures	—			(506		)	(221		)	—		(727		)
Proceeds from Sale of Assets	—			—			196			—		196
Proceeds from Sale of Marketable Securities	—			50			—			—		50
Proceeds from Divestiture of Third-party Apparel Sourcing Business	—			1			84			—		85
Purchases of Marketable Securities	—			(50		)	(10		)	—		(60		)
Other Investing Activities	—			—			13			—		13
Net Cash Used for Investing Activities	—			(505		)	62			—		(443		)
Financing Activities:
Proceeds from Issuance of Long-term Debt, Net of Issuance Costs	988			—			—			—		988
Borrowings from Debt Facilities	—			—			7			—		7
Dividends Paid	(1,171		)	—			—			—		(1,171		)
Repurchases of Common Stock	(483		)	—			—			—		(483		)
Excess Tax Benefits from Share-based Compensation	—			62			8			—		70
Net Financing Activities and Advances to/from Consolidated Affiliates	955			(662		)	(293		)	—		—
Proceeds From Exercise of Stock Options	33			—			—			—		33
Financing Costs and Other	—			(2		)	—			—		(2		)
Net Cash Provided by (Used for) Financing Activities	322			(602		)	(278		)	—		(558		)
Effects of Exchange Rate Changes on Cash	—			—			(1		)	—		(1		)
Net Increase in Cash and Cash Equivalents	—			728			139			—		867
Cash and Cash Equivalents, Beginning of Year	—			1,462			219			—		1,681
Cash and Cash Equivalents, End of Year	$	—		$	2,190		$	358		$	—	$	2,548

L BRANDS, INC.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

(in millions)

	2014
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations		Consolidated L Brands, Inc.
Net Cash Provided by (Used for) Operating Activities	$	(333	)	$	1,677		$	442		$	—	$	1,786
Investing Activities:
Capital Expenditures	—			(486		)	(229		)	—		(715		)
Other Investing Activities	—			(1		)	17			—		16
Net Cash Used for Investing Activities	—			(487		)	(212		)	—		(699		)
Financing Activities:
Payments of Long-term Debt	(213		)	—			—			—		(213		)
Borrowings from Debt Facilities	—			—			5			—		5
Repayments on Debt Facilities	—			—			(5		)	—		(5		)
Dividends Paid	(691		)	—			—			—		(691		)
Repurchases of Common Stock	(87		)	—			—			—		(87		)
Excess Tax Benefits from Share-based Compensation	—			37			6			—		43
Net Financing Activities and Advances to/from Consolidated Affiliates	1,295			(1,118		)	(177		)	—		—
Proceeds From Exercise of Stock Options	35			—			—			—		35
Financing Costs and Other	(6		)	—			—			—		(6		)
Net Cash Provided by (Used for) Financing Activities	333			(1,081		)	(171		)	—		(919		)
Effects of Exchange Rate Changes on Cash	—			—			(6		)	—		(6		)
Net Increase (Decrease) in Cash and Cash Equivalents	—			109			53			—		162
Cash and Cash Equivalents, Beginning of Year	—			1,353			166			—		1,519
Cash and Cash Equivalents, End of Year	$	—		$	1,462		$	219		$	—	$	1,681