XML 43 R9.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jan. 28, 2023
Jan. 29, 2022
Jan. 30, 2021
Statement of Cash Flows [Abstract]      
Net Income [1] $ 800 $ 1,333 $ 844
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Depreciation of Long-lived Assets [1] 221 363 521
Loss on Extinguishment of Debt [1] 0 195 53
Share-based Compensation Expense [1] 38 46 50
Deferred Income Taxes [1] 17 45 33
Victoria's Secret Asset Impairment Charges [1] 0 0 254
Gain from Victoria's Secret Hong Kong Store Closure and Lease Termination [1] 0 0 (39)
Gain Related to Formation of Victoria's Secret U.K. Joint Venture [1] 0 0 (54)
Changes in Assets and Liabilities:      
Accounts Receivable [1] 11 (64) 38
Inventories [1] 0 (177) 3
Accounts Payable, Accrued Expenses and Other [1] 44 (86) 166
Income Taxes Payable [1] 39 (72) (43)
Other Assets and Liabilities [1] (26) (91) 213
Net Cash Provided by Operating Activities [1] 1,144 1,492 2,039
Investing Activities      
Capital Expenditures [1] (328) (270) (228)
Other Investing Activities [1] 0 11 9
Net Cash Used for Investing Activities [1] (328) (259) (219)
Financing Activities      
Proceeds from Issuance of Long-term Debt, Net of Issuance Costs [1] 0 0 2,218
Payments of Long-term Debt [1] 0 (1,716) (1,307)
Borrowing from revolving credit agreement [1] 0 0 950
Repayment of revolving credit agreement [1] 0 0 (950)
Proceeds from Spin-Off of Victoria's Secret & Co. [1] 0 976 0
Transfers and Payments to Victoria's Secret & Co. related to Spin-Off [1] (25) (376) 0
Net Repayments of Victoria's Secret Foreign Facilities [1] 0 0 (155)
Repurchases of Common Stock [1] (1,312) (1,964) 0
Dividends Paid [1] (186) (120) (83)
Proceeds from Stock Option Exercises [1] 6 83 8
Tax Payments related to Share-based Awards [1] (32) (59) (12)
Payments of Finance Lease Obligations [1] (9) (12) (53)
Other Financing Activities [1] (4) 0 (6)
Net Cash Provided by (Used for) Financing Activities [1] (1,562) (3,188) 610
Effects of Exchange Rate Changes on Cash and Cash Equivalents [1] (1) 1 4
Net Increase (Decrease) in Cash and Cash Equivalents [1] (747) (1,954) 2,434
Cash and Cash Equivalents, Beginning of Year [1] 1,979 3,933 1,499
Cash and Cash Equivalents, End of Year [1] $ 1,232 $ 1,979 $ 3,933
[1] The cash flows related to discontinued operations have not been segregated. Accordingly, the Consolidated Statements of Cash Flows include the results from continuing and discontinued operations.