Supplemental Guarantor Financial Information Supplemental Guarantor Financial Information (Tables)

12 Months Ended

Feb. 03, 2018

Jan. 28, 2017

Jan. 30, 2016

Supplemental Guarantor Financial Statements [Abstract]

Condensed Balance Sheet [Table Text Block]

L BRANDS, INC.

CONDENSED CONSOLIDATING BALANCE SHEET

(in millions)

	February 3, 2018
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries		Eliminations			Consolidated L Brands, Inc.
ASSETS
Current Assets:
Cash and Cash Equivalents	$	—		$	1,164		$	351	$	—		$	1,515
Accounts Receivable, Net	—			186			124		—			310
Inventories	—			1,095			145		—			1,240
Other	—			132			96		—			228
Total Current Assets	—			2,577			716		—			3,293
Property and Equipment, Net	—			1,984			909		—			2,893
Goodwill	—			1,318			30		—			1,348
Trade Names	—			411			—		—			411
Net Investments in and Advances to/from Consolidated Affiliates	4,912			18,359			2,106		(25,377		)	—
Deferred Income Taxes	—			10			4		—			14
Other Assets	129			18			654		(611		)	190
Total Assets	$	5,041		$	24,677		$	4,419	$	(25,988	)	$	8,149
LIABILITIES AND EQUITY (DEFICIT)
Current Liabilities:
Accounts Payable	$	2		$	349		$	366	$	—		$	717
Accrued Expenses and Other	101			529			399		—			1,029
Current Debt	—			—			87		—			87
Income Taxes	6			174			18		—			198
Total Current Liabilities	109			1,052			870		—			2,031
Deferred Income Taxes	(2		)	(46		)	286		—			238
Long-term Debt	5,706			597			1		(597		)	5,707
Other Long-term Liabilities	3			835			100		(14		)	924
Total Equity (Deficit)	(775		)	22,239			3,162		(25,377		)	(751		)
Total Liabilities and Equity (Deficit)	$	5,041		$	24,677		$	4,419	$	(25,988	)	$	8,149

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	—			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 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

Condensed Income Statement [Table Text Block]

L BRANDS, INC.

CONDENSED CONSOLIDATING STATEMENT OF INCOME

(in millions)

	2017
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated L Brands, Inc.
Net Sales	$	—		$	11,931		$	3,728		$	(3,027	)	$	12,632
Costs of Goods Sold, Buying and Occupancy	—			(7,463		)	(2,868		)	2,658			(7,673		)
Gross Profit	—			4,468			860			(369		)	4,959
General, Administrative and Store Operating Expenses	(10		)	(3,063		)	(426		)	268			(3,231		)
Operating Income (Loss)	(10		)	1,405			434			(101		)	1,728
Interest Expense	(403		)	(99		)	(13		)	109			(406		)
Other Income (Loss)	(46		)	11			25			—			(10		)
Income (Loss) Before Income Taxes	(459		)	1,317			446			8			1,312
Provision (Benefit) for Income Taxes	65			316			(52		)	—			329
Equity in Earnings, Net of Tax	1,507			522			412			(2,441		)	—
Net Income (Loss)	$	983		$	1,523		$	910		$	(2,433	)	$	983

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 (Loss)	(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 (Loss)	—			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

Condensed Comprehensive Income Statement [Table Text Block]

L BRANDS, INC.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

(in millions)

	2017
	L Brands, Inc.		Guarantor Subsidiaries		Non-guarantor Subsidiaries			Eliminations			Consolidated L Brands, Inc.
Net Income (Loss)	$	983	$	1,523	$	910		$	(2,433	)	$	983
Other Comprehensive Income (Loss), Net of Tax:
Foreign Currency Translation	—		—		23			—			23
Unrealized Gain (Loss) on Cash Flow Hedges	—		—		(20		)	—			(20		)
Reclassification of Cash Flow Hedges to Earnings	—		—		7			—			7
Unrealized Gain (Loss) on Marketable Securities	—		—		2			—			2
Total Other Comprehensive Income (Loss), Net of Tax	—		—		12			—			12
Total Comprehensive Income (Loss)	$	983	$	1,523	$	922		$	(2,433	)	$	995

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 Gain (Loss) on Cash Flow Hedges	—		—		(8		)	—			(8		)
Reclassification of Cash Flow Hedges to Earnings	—		—		7			—			7
Unrealized Gain (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 (Loss)	$	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 (Loss) on Cash Flow Hedges	—		—		6			—			6
Reclassification of Cash Flow Hedges to Earnings	—		—		14			—			14
Unrealized Gain (Loss) on Marketable Securities	—		—		8			—			8
Total Other Comprehensive Income (Loss), Net of Tax	—		—		5			—			5
Total Comprehensive Income (Loss)	$	1,253	$	1,527	$	482		$	(2,004	)	$	1,258

Condensed Cash Flow Statement [Table Text Block]

L BRANDS, INC.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

(in millions)

	2017
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations		Consolidated L Brands, Inc.
Net Cash Provided by (Used for) Operating Activities	$	(462	)	$	1,414		$	454		$	—	$	1,406
Investing Activities:
Capital Expenditures	—			(495		)	(212		)	—		(707		)
Return of Capital from Easton Investments	—			—			29			—		29
Purchase of Marketable Securities	—			—			(10		)	—		(10		)
Other Investing Activities	—			(1		)	(9		)	—		(10		)
Net Cash Provided by (Used for) Investing Activities	—			(496		)	(202		)	—		(698		)
Financing Activities:
Proceeds from Issuance of Long-term Debt, Net of Issuance Costs	495			—			—			—		495
Payment of Long-term Debt	(540		)	—			—			—		(540		)
Borrowings from Foreign Facilities	—			—			96			—		96
Repayments of Foreign Facilities	—			—			(44		)	—		(44		)
Dividends Paid	(686		)	—			—			—		(686		)
Repurchases of Common Stock	(446		)	—			—			—		(446		)
Tax Payments related to Share-based Awards	(32		)	—			—			—		(32		)
Net Financing Activities and Advances to/from Consolidated Affiliates	1,638			(1,313		)	(325		)	—		—
Proceeds From Exercise of Stock Options	38			—			—			—		38
Financing Costs	(5		)	—			—			—		(5		)
Other Financing Activities	—			(3		)	—			—		(3		)
Net Cash Provided by (Used for) Financing Activities	462			(1,316		)	(273		)	—		(1,127		)
Effects of Exchange Rate Changes on Cash	—			—			—			—		—
Net Increase (Decrease) in Cash and Cash Equivalents	—			(398		)	(21		)	—		(419		)
Cash and Cash Equivalents, Beginning of Year	—			1,562			372			—		1,934
Cash and Cash Equivalents, End of Year	$	—		$	1,164		$	351		$	—	$	1,515

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	$	(404	)	$	1,885		$	509		$	—	$	1,990
Investing Activities:
Capital Expenditures	—			(705		)	(285		)	—		(990		)
Return of Capital from Easton Investments	—			—			119			—		119
Proceeds from Sale of Assets	—			—			53			—		53
Proceeds from Sale of Marketable Securities	—			—			10			—		10
Acquisition, Net of Cash Acquired of $1	—			—			(33		)	—		(33		)
Other Investing Activities	—			(2		)	10			—		8
Net Cash Provided by (Used for) Investing Activities	—			(707		)	(126		)	—		(833		)
Financing Activities:
Proceeds from Issuance of Long-term Debt, Net of Issuance Costs	692			—			—			—		692
Payment of Long-term Debt	(742		)	—			—			—		(742		)
Borrowings from Foreign Facilities	—			—			35			—		35
Repayments of Foreign Facilities	—			—			(6		)	—		(6		)
Dividends Paid	(1,268		)	—			—			—		(1,268		)
Repurchases of Common Stock	(435		)	—			—			—		(435		)
Tax Payments related to Share-based Awards	(58		)	—			—			—		(58		)
Net Financing Activities and Advances to/from Consolidated Affiliates	2,195			(1,803		)	(392		)	—		—
Proceeds From Exercise of Stock Options	20			—			—			—		20
Other Financing Activities	—			(3		)	—			—		(3		)
Net Cash Provided by (Used for) Financing Activities	404			(1,806		)	(363		)	—		(1,765		)
Effects of Exchange Rate Changes on Cash	—			—			(6		)	—		(6		)
Net Increase (Decrease) 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	$	(234	)	$	1,897		$	364		$	—	$	2,027
Investing Activities:
Capital Expenditures	—			(506		)	(221		)	—		(727		)
Return of Capital from Easton Investments	—			—			9			—		9
Purchases of Marketable Securities	—			(50		)	(10		)	—		(60		)
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
Other Investing Activities	—			—			4			—		4
Net Cash Provided by (Used for) Investing Activities	—			(505		)	62			—		(443		)
Financing Activities:
Proceeds from Issuance of Long-term Debt, Net of Issuance Costs	988			—			—			—		988
Borrowings from Foreign Facilities	—			—			7			—		7
Dividends Paid	(1,171		)	—			—			—		(1,171		)
Repurchases of Common Stock	(483		)	—			—			—		(483		)
Tax Payments related to Share-based Awards	(88		)	—			—			—		(88		)
Net Financing Activities and Advances to/from Consolidated Affiliates	955			(662		)	(293		)	—		—
Proceeds From Exercise of Stock Options	33			—			—			—		33
Other Financing Activities	—			(2		)	—			—		(2		)
Net Cash Provided by (Used for) Financing Activities	234			(664		)	(286		)	—		(716		)
Effects of Exchange Rate Changes on Cash	—			—			(1		)	—		(1		)
Net Increase (Decrease) 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