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Net Income Per Share and Shareholders’ Equity (Deficit) - Dividends (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended				6 Months Ended
	Aug. 03, 2024	May 04, 2024	Jul. 29, 2023	Apr. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Net Income Per Share and Shareholders’ Equity (Deficit) [Abstract]
Ordinary dividends (in USD per share)	$ 0.20	$ 0.20	$ 0.20	$ 0.20	$ 0.40	$ 0.40
Total Paid	$ 45	$ 45	$ 46	$ 46	$ 90	$ 92

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Pay vs Performance Disclosure
Net Income	$ 152	$ 99	$ 239	$ 180

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Operating Activities:
Net Income	$ 152	$ 99	$ 239	$ 180
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Depreciation of Long-lived Assets	71	66	142	129
Loss (Gain) on Extinguishment of Debt	2	(9)	3	(16)
Deferred Income Taxes			(102)	0
Share-based Compensation Expense			22	18
Gain on Sales of Easton Investments	(39)		(39)	0
Changes in Assets and Liabilities:
Accounts Receivable			78	74
Inventories			(154)	(109)
Accounts Payable, Accrued Expenses and Other			(67)	(87)
Income Taxes Payable			(79)	(107)
Other Assets and Liabilities			(13)	(5)
Net Cash Provided by Operating Activities			30	77
Investing Activities:
Capital Expenditures			(101)	(178)
Proceeds from Sales of Easton Investments	50		50	0
Other Investing Activities			11	2
Net Cash Used for Investing Activities			(40)	(176)
Financing Activities:
Payments for Long-term Debt	(92)	(106)	(202)	(182)
Repurchases of Common Stock			(248)	(48)
Dividends Paid	(45)	(46)	(90)	(92)
Tax Payments Related to Share-based Awards			(15)	(9)
Other Financing Activities			(5)	(12)
Net Cash Used for Financing Activities			(560)	(343)
Net Decrease in Cash and Cash Equivalents			(570)	(442)
Cash and Cash Equivalents, Beginning of Year			1,084	1,232
Cash and Cash Equivalents, End of Period	$ 514	$ 790	$ 514	$ 790

Net Income Per Share and Shareholders’ Equity (Deficit) - Schedule of Repurchase of Common Stock (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Jan. 31, 2024	Feb. 02, 2022
Equity, Class of Treasury Stock [Line Items]
Treasury share retirement (in shares)	5,763	1,326
Paid-In Capital
Equity, Class of Treasury Stock [Line Items]
Treasury Share Retirement	$ 17	$ 4
Par Value
Equity, Class of Treasury Stock [Line Items]
Treasury Share Retirement	3	1
Retained Earnings (Accumulated Deficit)
Equity, Class of Treasury Stock [Line Items]
Treasury Share Retirement	$ 229	$ 45
February 2022
Equity, Class of Treasury Stock [Line Items]
Shares Repurchased (in shares)	842	1,326
Stock repurchase program, authorized amount				$ 1,500
Amount Repurchased	$ 39	$ 50
Average Stock Price (in USD per share)	$ 46.08	$ 37.65
January 2024 Program
Equity, Class of Treasury Stock [Line Items]
Shares Repurchased (in shares)	4,921
Stock repurchase program, authorized amount			$ 500
Amount Repurchased	$ 210
Average Stock Price (in USD per share)	$ 42.72

Long-Lived Assets (Tables)

6 Months Ended

Aug. 03, 2024

Property, Plant and Equipment [Abstract]

Summary of Property And Equipment, Net

The following table provides details of Property and Equipment, Net as of August 3, 2024, February 3, 2024 and July 29, 2023:


	August 3, 2024		February 3, 2024		July 29, 2023
	(in millions)
Property and Equipment, at Cost	$	3,171	$	3,123	$	3,058
Accumulated Depreciation and Amortization	(2,005)		(1,903)		(1,822)
Property and Equipment, Net	$	1,166	$	1,220	$	1,236

Long-term Debt and Borrowing Facilities (Tables)

6 Months Ended

Aug. 03, 2024

Long-Term Debt, by Current and Noncurrent [Abstract]

Schedule of Long-term Debt Instruments

The following table provides the Company’s outstanding debt balances, net of unamortized debt issuance costs and discounts, as of August 3, 2024, February 3, 2024 and July 29, 2023:


	August 3, 2024		February 3, 2024		July 29, 2023
	(in millions)
Senior Debt with Subsidiary Guarantee
$314 million, 9.375% Fixed Interest Rate Notes due July 2025 (“2025 Notes”)	$	313	$	313	$	312
$284 million, 6.694% Fixed Interest Rate Notes due January 2027 (“2027 Notes”)	275		287		285
$444 million, 5.250% Fixed Interest Rate Notes due February 2028 (“2028 Notes”)	443		460		498
$482 million, 7.500% Fixed Interest Rate Notes due June 2029 (“2029 Notes”)	475		492		491
$844 million, 6.625% Fixed Interest Rate Notes due October 2030 (“2030 Notes”)	838		930		984
$802 million, 6.875% Fixed Interest Rate Notes due November 2035 (“2035 Notes”)	796		806		933
$575 million, 6.750% Fixed Interest Rate Notes due July 2036 (“2036 Notes”)	571		608		612
Total Senior Debt with Subsidiary Guarantee	3,711		3,896		4,115
Senior Debt
$284 million, 6.950% Fixed Interest Rate Debentures due March 2033 (“2033 Notes”)	283		293		340
$201 million, 7.600% Fixed Interest Rate Notes due July 2037 (“2037 Notes”)	200		199		213
Total Senior Debt	483		492		553
Total Debt	4,194		4,388		4,668
Current Debt	(313)		—		—
Total Long-term Debt, Net of Current Portion	$	3,881	$	4,388	$	4,668

Schedule of Long-Term Debt Repurchases

The following table provides details of the outstanding principal amounts of senior notes repurchased and extinguished during the second quarters of and year-to-date 2024 and 2023:


	Second Quarter				Year-to-Date
	2024		2023		2024		2023
	(in millions)
2025 Notes	$	—	$	—	$	—	$	6
2027 Notes	14		—		14		—
2028 Notes	7		—		17		—
2029 Notes	10		—		17		—
2030 Notes	56		5		94		7
2033 Notes	—		6		10		9
2035 Notes	4		47		10		61
2036 Notes	—		26		38		83
2037 Notes	—		31		—		33
Total	$	91	$	115	$	200	$	199

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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-Name Accounting Standards Codification
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+ Details

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate	0.90%	21.90%	12.10%	24.70%
Income taxes paid	$ 197	$ 161	$ 203	$ 168

Fair Value Measurements - Carrying Value and Fair Value of Long-Term Debt, Disclosure (Details) - USD ($)
$ in Millions

Aug. 03, 2024

Feb. 03, 2024

Jul. 29, 2023

Principal Value

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Debt, fair value disclosure

$ 4,230

$ 4,430

$ 4,716

Estimate of Fair Value Measurement

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Debt, fair value disclosure

^[1]

$ 4,241

$ 4,456

$ 4,510

[1]

The estimated fair value of the Company’s debt is based on reported transaction prices, which are considered Level 2 inputs in accordance with Accounting Standards Codification 820, Fair Value Measurement. The estimates presented are not necessarily indicative of the amounts that the Company could realize in a current market exchange.

- Definition

Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable.

+ References

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+ Details

CONSOLIDATED STATEMENTS OF TOTAL EQUITY (DEFICIT) (Parenthetical) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Aug. 03, 2024	May 04, 2024	Jul. 29, 2023	Apr. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Statement of Stockholders' Equity [Abstract]
Cash dividends (in USD per share)	$ 0.20	$ 0.20	$ 0.20	$ 0.20	$ 0.40	$ 0.40
Total Comprehensive Income	$ 152		$ 99		$ 238	$ 179
Net Income	$ 152		$ 99		$ 239	$ 180

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Net Income Per Share and Shareholders’ Equity (Deficit) - Shares Utilized for the Calculation of Basic and Diluted Earnings per Share (Details) - shares
shares in Millions

3 Months Ended

6 Months Ended

Aug. 03, 2024

Jul. 29, 2023

Aug. 03, 2024

Jul. 29, 2023

Net Income Per Share and Shareholders’ Equity (Deficit) [Abstract]

Common Shares (in shares)

237

243

239

244

Treasury Shares (in shares)

(15)

Basic Shares (in shares)

222

228

224

229

Effect of Dilutive Restricted Stock and Stock Options (in shares)

Diluted Shares (in shares)

223

229

225

230

Anti-dilutive Stock Options and Awards (in shares)

^[1]

[1]	These awards were excluded from the calculation of Net Income per Diluted Share because their inclusion would have been anti-dilutive.

Long-term Debt and Borrowing Facilities - Repurchase of Notes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Debt Instrument [Line Items]
Debt instrument, redeemed amount	$ 91	$ 115	$ 200	$ 199
Repayment of debt	92	106	202	182
Loss (Gain) on Extinguishment of Debt	$ 2	$ (9)	$ 3	$ (16)

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Cover - shares	6 Months Ended
Cover - shares	Aug. 03, 2024	Aug. 23, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Aug. 03, 2024
Document Transition Report	false
Entity File Number	1-8344
Entity Registrant Name	BATH & BODY WORKS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	31-1029810
Entity Address, Address Line One	Three Limited Parkway
Entity Address, City or Town	Columbus,
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	43230
City Area Code	(614)
Local Phone Number	415-7000
Entity Registrant Former Name	Not Applicable
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock, $0.50 Par Value
Trading Symbol	BBWI
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		219,111,946
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000701985
Current Fiscal Year End Date	--02-01

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Aug. 03, 2024	Feb. 03, 2024	Jul. 29, 2023
Current Assets:
Cash and Cash Equivalents	$ 514	$ 1,084	$ 790
Accounts Receivable, Net	146	224	153
Inventories	863	710	818
Other	143	97	132
Total Current Assets	1,666	2,115	1,893
Property and Equipment, Net	1,166	1,220	1,236
Operating Lease Assets	1,043	1,056	1,080
Goodwill	628	628	628
Trade Name	165	165	165
Deferred Income Taxes	143	144	38
Other Assets	137	135	155
Total Assets	4,948	5,463	5,195
Current Liabilities:
Accounts Payable	411	380	508
Accrued Expenses and Other	526	608	518
Current Debt	313	0	0
Current Operating Lease Liabilities	186	181	187
Income Taxes	61	120	0
Total Current Liabilities	1,497	1,289	1,213
Deferred Income Taxes	45	147	168
Long-term Debt	3,881	4,388	4,668
Long-term Operating Lease Liabilities	984	1,004	1,036
Other Long-term Liabilities	259	261	264
Shareholders’ Equity (Deficit):
Preferred Stock - $1.00 par value; 10 shares authorized; none issued	0	0	0
Common Stock - $0.50 par value; 1,000 shares authorized; 235, 240 and 243 shares issued; 220, 225 and 228 shares outstanding, respectively	117	120	121
Paid-in Capital	830	838	827
Accumulated Other Comprehensive Income	74	75	77
Retained Earnings (Accumulated Deficit)	(1,918)	(1,838)	(2,358)
Less: Treasury Stock, at Average Cost; 15, 15 and 15 shares, respectively	(822)	(822)	(822)
Total Shareholders’ Equity (Deficit)	(1,719)	(1,627)	(2,155)
Noncontrolling Interest	1	1	1
Total Equity (Deficit)	(1,718)	(1,626)	(2,154)
Total Liabilities and Equity (Deficit)	$ 4,948	$ 5,463	$ 5,195

Revenue Recognition

6 Months Ended

Aug. 03, 2024

Revenue Recognition and Deferred Revenue [Abstract]

Revenue Recognition

Accounts receivable, net from revenue-generating activities were $87 million as of August 3, 2024, $84 million as of February 3, 2024 and $78 million as of July 29, 2023. These accounts receivable primarily relate to amounts due from the Company’s franchise, license and wholesale partners. Under these arrangements, payment terms are typically 45 to 75 days.

The Company records deferred revenue when cash payments are received in advance of transfer of control of goods or services. Deferred revenue primarily relates to gift cards, loyalty points and rewards and direct channel shipments, which are all impacted by seasonal and holiday-related sales patterns. Deferred revenue, which is recorded within Accrued Expenses and Other on the Consolidated Balance Sheets, was $166 million as of August 3, 2024, $198 million as of February 3, 2024 and $161 million as of July 29, 2023. The Company recognized $98 million as revenue year-to-date 2024 from amounts recorded as deferred revenue at the beginning of the Company’s fiscal year.

The following table provides a disaggregation of Net Sales for the second quarters of and year-to-date 2024 and 2023:


	Second Quarter				Year-to-Date
	2024		2023		2024		2023
	(in millions)
Stores - U.S. and Canada (a)	$	1,140	$	1,144	$	2,205	$	2,177
Direct - U.S. and Canada	297		329		558		609
International (b)	89		86		147		169
Total Net Sales	$	1,526	$	1,559	$	2,910	$	2,955

_______________

(a)Results include fulfilled buy online-pick up in store orders.

(b)Results include royalties associated with franchised stores and wholesale sales.

The Company’s Net Sales outside of the U.S. include sales from Company-operated stores and its e-commerce site in Canada, royalties associated with franchised stores and wholesale sales. Certain of these sales are subject to the impact of fluctuations in foreign currency. The Company’s Net Sales outside of the U.S. totaled $164 million and $163 million for the second quarters of 2024 and 2023, respectively and $289 million and $307 million for year-to-date 2024 and 2023, respectively.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

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+ Details

Inventories (Tables)

6 Months Ended

Aug. 03, 2024

Inventory, Net [Abstract]

Summary of Inventories

The following table provides details of Inventories as of August 3, 2024, February 3, 2024 and July 29, 2023:


	August 3, 2024		February 3, 2024		July 29, 2023
	(in millions)
Finished Goods Merchandise	$	669	$	558	$	638
Raw Materials and Merchandise Components	194		152		180
Total Inventories	$	863	$	710	$	818

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Aug. 03, 2024

Jul. 29, 2023

Aug. 03, 2024

Jul. 29, 2023

Disaggregation of Revenue [Line Items]

Net Sales

$ 1,526

$ 1,559

$ 2,910

$ 2,955

Stores - U.S. and Canada (a)

Disaggregation of Revenue [Line Items]

Net Sales

^[1]

1,140

1,144

2,205

2,177

Direct - U.S. and Canada

Disaggregation of Revenue [Line Items]

Net Sales

297

329

558

609

International

Disaggregation of Revenue [Line Items]

Net Sales

^[2]

$ 89

$ 86

$ 147

$ 169

[1]	Results include fulfilled buy online-pick up in store orders.
[2]	Results include royalties associated with franchised stores and wholesale sales.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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+ Details

Inventories (Details) - USD ($) $ in Millions	Aug. 03, 2024	Feb. 03, 2024	Jul. 29, 2023
Inventory, Net [Abstract]
Finished Goods Merchandise	$ 669	$ 558	$ 638
Raw Materials and Merchandise Components	194	152	180
Total Inventories	$ 863	$ 710	$ 818

Long-term Debt and Borrowing Facilities - Schedule of Long-term Debt Instruments (Details) - USD ($) $ in Millions	Aug. 03, 2024	Feb. 03, 2024	Jul. 29, 2023
Long-term debt	$ 4,194	$ 4,388	$ 4,668
With Subsidiary Guarantee \| $314 million, 9.375% Fixed Interest Rate Notes due July 2025 (“2025 Notes”)
Debt Instrument, Notional Amount	$ 314
Fixed interest rate	9.375%
Long-term debt	$ 313	313	312
With Subsidiary Guarantee \| $284 million, 6.694% Fixed Interest Rate Notes due January 2027 (“2027 Notes”)
Debt Instrument, Notional Amount	$ 284
Fixed interest rate	6.694%
Long-term debt	$ 275	287	285
With Subsidiary Guarantee \| $444 million, 5.250% Fixed Interest Rate Notes due February 2028 (“2028 Notes”)
Debt Instrument, Notional Amount	$ 444
Fixed interest rate	5.25%
Long-term debt	$ 443	460	498
With Subsidiary Guarantee \| $482 million, 7.500% Fixed Interest Rate Notes due June 2029 (“2029 Notes”)
Debt Instrument, Notional Amount	$ 482
Fixed interest rate	7.50%
Long-term debt	$ 475	492	491
With Subsidiary Guarantee \| $844 million, 6.625% Fixed Interest Rate Notes due October 2030 (“2030 Notes”)
Debt Instrument, Notional Amount	$ 844
Fixed interest rate	6.625%
Long-term debt	$ 838	930	984
With Subsidiary Guarantee \| $802 million, 6.875% Fixed Interest Rate Notes due November 2035 (“2035 Notes”)
Debt Instrument, Notional Amount	$ 802
Fixed interest rate	6.875%
Long-term debt	$ 796	806	933
With Subsidiary Guarantee \| $575 million, 6.750% Fixed Interest Rate Notes due July 2036 (“2036 Notes”)
Debt Instrument, Notional Amount	$ 575
Fixed interest rate	6.75%
Long-term debt	$ 571	608	612
With Subsidiary Guarantee \| Total Senior Debt with Subsidiary Guarantee
Long-term debt	3,711	3,896	4,115
Without Subsidiary Guarantee
Long-term debt	483	492	553
Without Subsidiary Guarantee \| $284 million, 6.950% Fixed Interest Rate Debentures due March 2033 (“2033 Notes”)
Debt Instrument, Notional Amount	$ 284
Fixed interest rate	6.95%
Long-term debt	$ 283	293	340
Without Subsidiary Guarantee \| $201 million, 7.600% Fixed Interest Rate Notes due July 2037 (“2037 Notes”)
Debt Instrument, Notional Amount	$ 201
Fixed interest rate	7.60%
Long-term debt	$ 200	$ 199	$ 213

Long-Lived Assets

6 Months Ended

Aug. 03, 2024

Property, Plant and Equipment [Abstract]

Long-Lived Assets

Long-lived Assets

The following table provides details of Property and Equipment, Net as of August 3, 2024, February 3, 2024 and July 29, 2023:


	August 3, 2024		February 3, 2024		July 29, 2023
	(in millions)
Property and Equipment, at Cost	$	3,171	$	3,123	$	3,058
Accumulated Depreciation and Amortization	(2,005)		(1,903)		(1,822)
Property and Equipment, Net	$	1,166	$	1,220	$	1,236

Depreciation expense was $71 million and $66 million for the second quarters of 2024 and 2023, respectively. Depreciation expense was $142 million and $129 million for year-to-date 2024 and 2023, respectively.

CONSOLIDATED STATEMENTS OF TOTAL EQUITY (DEFICIT) - USD ($) shares in Millions, $ in Millions	Total	Other Share Repurchase Program	Common Stock	Common Stock Other Share Repurchase Program	Paid-In Capital	Accumulated Other Comprehensive Income	Retained Earnings (Accumulated Deficit)	Treasury Stock, at Average Cost	Treasury Stock, at Average Cost Other Share Repurchase Program	Noncontrolling Interest
Ending Balance (in shares)			229
Beginning Balance (in shares) at Jan. 28, 2023			229
Beginning Balance at Jan. 28, 2023	$ (2,205)		$ 122		$ 817	$ 78	$ (2,401)	$ (822)		$ 1
Net Income	180						180
Other Comprehensive Income	(1)					(1)
Total Comprehensive Income	179					(1)	180
Cash Dividends	(92)						(92)
Repurchases of Common Stock (in shares)				(1)
Repurchases of Common Stock		$ (50)							$ (50)
Treasury Share Retirement	0		1		4		45	(50)
Share-based Compensation and Other	14				14
Ending Balance at Jul. 29, 2023	(2,154)		$ 121		827	77	(2,358)	(822)		1
Ending Balance (in shares)			229
Beginning Balance (in shares) at Apr. 29, 2023			229
Beginning Balance at Apr. 29, 2023	(2,170)		$ 122		818	77	(2,366)	(822)		1
Net Income	99						99
Other Comprehensive Income	0					0
Total Comprehensive Income	99					0	99
Cash Dividends	(46)						(46)
Repurchases of Common Stock (in shares)				(1)
Repurchases of Common Stock		(50)							(50)
Treasury Share Retirement	0		(1)		(4)		(45)	50
Share-based Compensation and Other	13				13
Ending Balance at Jul. 29, 2023	$ (2,154)		$ 121		827	77	(2,358)	(822)		1
Ending Balance (in shares)	228		228
Ending Balance (in shares)	225		225
Beginning Balance (in shares) at Feb. 03, 2024	225		225
Beginning Balance at Feb. 03, 2024	$ (1,626)		$ 120		838	75	(1,838)	(822)		1
Net Income	239						239
Other Comprehensive Income	(1)					(1)	0
Total Comprehensive Income	238					(1)	239
Cash Dividends	(90)						(90)
Repurchases of Common Stock (in shares)				(6)
Repurchases of Common Stock		(249)							(249)
Treasury Share Retirement	0		$ 3		17		229	(249)
Share-based Compensation and Other (in shares)			1
Share-based Compensation and Other	9				9
Ending Balance at Aug. 03, 2024	(1,718)		$ 117		830	74	(1,918)	(822)		1
Ending Balance (in shares)			223
Beginning Balance (in shares) at May. 04, 2024			223
Beginning Balance at May. 04, 2024	(1,676)		$ 119		841	74	(1,889)	(822)		1
Net Income	152						152
Other Comprehensive Income	0					0
Total Comprehensive Income	152					0	152
Cash Dividends	(45)						(45)
Repurchases of Common Stock (in shares)				(4)
Repurchases of Common Stock		$ (150)							$ (150)
Treasury Share Retirement	0		$ (2)		(12)	0	(136)	150
Share-based Compensation and Other (in shares)			1
Share-based Compensation and Other	1		$ 0		1
Ending Balance at Aug. 03, 2024	$ (1,718)		$ 117		$ 830	$ 74	$ (1,918)	$ (822)		$ 1
Ending Balance (in shares)	220		220

Long-Lived Assets - Summary of Property And Equipment, Net (Details) - USD ($) $ in Millions	Aug. 03, 2024	Feb. 03, 2024	Jul. 29, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment, at Cost	$ 3,171	$ 3,123	$ 3,058
Accumulated Depreciation and Amortization	(2,005)	(1,903)	(1,822)
Property and Equipment, Net	$ 1,166	$ 1,220	$ 1,236

Fair Value Measurements (Tables)

6 Months Ended

Aug. 03, 2024

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]

Carrying Value and Fair Value of Long-Term Debt, Disclosure

The following table provides a summary of the principal value and estimated fair value of the Company’s outstanding debt as of August 3, 2024, February 3, 2024 and July 29, 2023:


	August 3, 2024		February 3, 2024		July 29, 2023
	(in millions)
Principal Value	$	4,230	$	4,430	$	4,716
Fair Value, Estimated (a)	4,241		4,456		4,510

_______________

(a)The estimated fair value of the Company’s debt is based on reported transaction prices, which are considered Level 2 inputs in accordance with Accounting Standards Codification 820, Fair Value Measurement. The estimates presented are not necessarily indicative of the amounts that the Company could realize in a current market exchange.

Net Income Per Share and Shareholders’ Equity (Deficit) (Tables)

6 Months Ended

Aug. 03, 2024

Net Income Per Share and Shareholders’ Equity (Deficit) [Abstract]

Shares Utilized for the Calculation of Basic and Diluted Earnings Per Share

The following table provides the weighted-average shares utilized for the calculation of Net Income per Basic and Diluted Share for the second quarters of and year-to-date 2024 and 2023:


	Second Quarter		Year-to-Date
	2024	2023	2024	2023
	(in millions)

Common Shares	237	243	239	244
Treasury Shares	(15)	(15)	(15)	(15)
Basic Shares	222	228	224	229
Effect of Dilutive Awards	1	1	1	1
Diluted Shares	223	229	225	230
Anti-dilutive Awards (a)	—	—	1	1

_______________

(a)These awards were excluded from the calculation of Net Income per Diluted Share because their inclusion would have been anti-dilutive.

Schedule of Repurchase of Common Stock

Under the February 2022 Program, the Company repurchased the following shares of its common stock during year-to-date 2024 and 2023:


Repurchase Program	Shares Repurchased		Amount Repurchased				Average Stock Price
	2024	2023	2024		2023		2024		2023
	(in thousands)		(in millions)
February 2022	842	1,326	$	39	$	50	$	46.08	$	37.65

Under the January 2024 Program, the Company repurchased the following shares of its common stock during year-to-date 2024:


Repurchase Program	Shares Repurchased	Amount Repurchased		Average Stock Price
	(in thousands)	(in millions)
January 2024	4,921	$	210	$	42.72

Schedule of Dividends Paid

The Company paid the following dividends during the first and second quarters of 2024 and 2023:


	Ordinary Dividends		Total Paid
	(per share)		(in millions)
2024
First Quarter	$	0.20	$	45
Second Quarter	0.20		45

Total	$	0.40	$	90
2023
First Quarter	$	0.20	$	46
Second Quarter	0.20		46

Total	$	0.40	$	92

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Aug. 03, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Net Income Per Share and Shareholders’ Equity (Deficit)

6 Months Ended

Aug. 03, 2024

Net Income Per Share and Shareholders’ Equity (Deficit) [Abstract]

Earnings Per Share and Shareholders’ Equity (Deficit)

Net Income Per Share and Shareholders’ Equity (Deficit)

Net Income Per Share

Net Income per Basic Share is computed based on the weighted-average number of common shares outstanding. Net Income per Diluted Share includes the weighted-average effect of dilutive restricted share units, performance share units and stock options (collectively, “Dilutive Awards”) on the weighted-average common shares outstanding.

The following table provides the weighted-average shares utilized for the calculation of Net Income per Basic and Diluted Share for the second quarters of and year-to-date 2024 and 2023:


	Second Quarter		Year-to-Date
	2024	2023	2024	2023
	(in millions)

Common Shares	237	243	239	244
Treasury Shares	(15)	(15)	(15)	(15)
Basic Shares	222	228	224	229
Effect of Dilutive Awards	1	1	1	1
Diluted Shares	223	229	225	230
Anti-dilutive Awards (a)	—	—	1	1

_______________

(a)These awards were excluded from the calculation of Net Income per Diluted Share because their inclusion would have been anti-dilutive.

Common Stock Repurchases

2022 Share Repurchase Program

In February 2022, the Company’s Board of Directors (the “Board”) authorized a $1.5 billion share repurchase program (the “February 2022 Program”). Under the February 2022 Program, the Company repurchased the following shares of its common stock during year-to-date 2024 and 2023:


Repurchase Program	Shares Repurchased		Amount Repurchased				Average Stock Price
	2024	2023	2024		2023		2024		2023
	(in thousands)		(in millions)
February 2022	842	1,326	$	39	$	50	$	46.08	$	37.65

The February 2022 Program had no remaining authority as of May 4, 2024. There were share repurchases of $1 million reflected in Accounts Payable on the February 3, 2024 Consolidated Balance Sheet.

2024 Share Repurchase Program

In January 2024, the Board authorized a new $500 million share repurchase program (the “January 2024 Program”). Under the January 2024 Program, the Company repurchased the following shares of its common stock during year-to-date 2024:


Repurchase Program	Shares Repurchased	Amount Repurchased		Average Stock Price
	(in thousands)	(in millions)
January 2024	4,921	$	210	$	42.72

The January 2024 Program had $290 million of remaining authority as of August 3, 2024. There were share repurchases of $2 million reflected in Accounts Payable on the August 3, 2024 Consolidated Balance Sheet.

Common Stock Retirement

Shares of common stock repurchased under the February 2022 and January 2024 Programs are retired and cancelled upon repurchase. As a result, the Company retired the 5.763 million shares repurchased during year-to-date 2024, which resulted in reductions of $3 million in the par value of Common Stock, $17 million in Paid-in Capital and $229 million in Retained

Earnings (Accumulated Deficit). The Company retired the 1.326 million shares repurchased year-to-date 2023, which resulted in reductions of $1 million in the par value of Common Stock, $4 million in Paid-in Capital and $45 million in Retained Earnings (Accumulated Deficit).

Dividends

The Company paid the following dividends during the first and second quarters of 2024 and 2023:


	Ordinary Dividends		Total Paid
	(per share)		(in millions)
2024
First Quarter	$	0.20	$	45
Second Quarter	0.20		45

Total	$	0.40	$	90
2023
First Quarter	$	0.20	$	46
Second Quarter	0.20		46

Total	$	0.40	$	92

In August 2024, the Company declared its third quarter 2024 ordinary dividend of $0.20 per share payable on September 6, 2024 to stockholders of record at the close of business on August 23, 2024.

Description of Business and Basis of Presentation (Details) $ in Millions	3 Months Ended	6 Months Ended
	Aug. 03, 2024 USD ($) season	Aug. 03, 2024 USD ($) season	Jul. 29, 2023 USD ($)	Feb. 03, 2024 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Easton Investments, Including Carrying Value of Related Equity Method Investments	$ 121	$ 121	$ 127	$ 120
Number of selling seasons \| season	2	2
Proceeds from Sales of Easton Investments	$ 50	$ 50	0
Gain on Sales of Easton Investments	$ 39	$ 39	$ 0

Revenue Recognition - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023	Feb. 03, 2024
Disaggregation of Revenue [Line Items]
Accounts receivable, after allowance for credit loss	$ 87	$ 78	$ 87	$ 78	$ 84
Deferred revenue	166	161	166	161	$ 198
Revenue recognized			98
Net Sales	1,526	1,559	2,910	2,955
Outside of the U.S.
Disaggregation of Revenue [Line Items]
Net Sales	$ 164	$ 163	$ 289	$ 307
Minimum
Disaggregation of Revenue [Line Items]
Account receivable, payment term			45 days
Maximum
Disaggregation of Revenue [Line Items]
Account receivable, payment term			75 days

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

+ References

+ Details

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Statement of Comprehensive Income [Abstract]
Net Income	$ 152	$ 99	$ 239	$ 180
Other Comprehensive Income (Loss), Net of Tax:
Foreign Currency Translation	(1)	2	(3)	0
Unrealized Gain (Loss) on Cash Flow Hedges	1	(1)	2	0
Reclassification of Cash Flow Hedges to Earnings	0	(1)	0	(1)
Total Other Comprehensive Income (Loss), Net of Tax	0	0	(1)	(1)
Total Comprehensive Income	$ 152	$ 99	$ 238	$ 179

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details

Long-term Debt and Borrowing Facilities - Asset-Backed Revolving Credit Facility (Details)	6 Months Ended
	Aug. 03, 2024 USD ($)
Certain Company Owned Subsidiaries
Ownership percentage	100.00%
Letter of Credit
Letters of credit outstanding, amount	$ 10,000,000
Revolving Credit Facility \| Revolving Credit Facility Expiring August 2026
Credit agreement, borrowing capacity	750,000,000
Line of credit, outstanding amount	0
Line of credit facility, remaining borrowing capacity	$ 651,000,000
Revolving facility commitment fee percentage, unused capacity	0.30%
Revolving facility current credit fees percentage rate, letters of credit	1.25%
Revolving facility covenant fixed charge coverage ratio	1.00
Line of credit financial covenant, maximum borrowing amount	$ 70,000,000
Line of credit financial covenant, percentage of maximum borrowing amount	0.10
Line Of Credit Facility Current Borrowing Base	$ 661,000,000
Revolving Credit Facility \| Revolving Credit Facility Expiring August 2026 \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt instrument, basis spread on variable rate	1.25%
Revolving Credit Facility \| Revolving Credit Facility Expiring August 2026 \| Credit Spread Adjustment
Debt instrument, basis spread on variable rate	0.10%

Net Income Per Share and Shareholders’ Equity (Deficit) - Narrative (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	1 Months Ended	6 Months Ended
	Aug. 28, 2024	Aug. 03, 2024	Jul. 29, 2023	Feb. 03, 2024	Jan. 31, 2024	Feb. 02, 2022
Accounts Payable
Equity, Class of Treasury Stock [Line Items]
Payable under repurchase agreements		$ 2		$ 1
Subsequent Event
Equity, Class of Treasury Stock [Line Items]
Dividends Per Share (in USD per share)	$ 0.20
February 2022 Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Amount Authorized						$ 1,500
Shares Repurchased (in shares)		842	1,326
Treasury stock, acquired		$ 39	$ 50
January 2024 Program
Equity, Class of Treasury Stock [Line Items]
Amount Authorized					$ 500
Shares Repurchased (in shares)		4,921
Treasury stock, acquired		$ 210
Remaining authorized repurchase amount		$ 290

Long-Lived Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Impaired Long-Lived Assets Held and Used [Line Items]
Depreciation	$ 71	$ 66	$ 142	$ 129

Description of Business and Basis of Presentation	6 Months Ended
Description of Business and Basis of Presentation	Aug. 03, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation Description of Business Bath & Body Works, Inc. (the “Company”) is a global omnichannel retailer focused on personal care and home fragrance. The Company sells merchandise through its retail stores in the United States of America (“U.S.”) and Canada, and through its websites and other channels, under the Bath & Body Works, White Barn and other brand names. The Company’s international business is conducted through franchise, license and wholesale partners. The Company operates as and reports a single segment. Fiscal Year The Company’s fiscal year ends on the Saturday nearest to January 31. As used herein, “second quarter of 2024” and “second quarter of 2023” refer to the thirteen-week periods ended August 3, 2024 and July 29, 2023, respectively. “Year-to-date 2024” and “year-to-date 2023” refer to the twenty-six-week periods ended August 3, 2024 and July 29, 2023, respectively. Basis of Consolidation The Consolidated Financial Statements include the accounts of the Company and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The Company accounts for investments in unconsolidated entities where it exercises significant influence, but does not have control, using the equity method. Under the equity method of accounting, the Company recognizes its share of the investee's net income or loss. Losses are only recognized to the extent the Company has positive carrying value related to the investee. Carrying values are only reduced below zero if the Company has an obligation to provide funding to the investee. The Company’s share of net income or loss of all unconsolidated entities is included in Other Income in the Consolidated Statements of Income. The Company’s equity method investments are required to be reviewed for impairment when it is determined there may be an other-than-temporary loss in value. Interim Financial Statements The Consolidated Financial Statements as of and for the periods ended August 3, 2024 and July 29, 2023 are unaudited and are presented pursuant to the rules and regulations of the Securities and Exchange Commission. These Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and Notes thereto contained in the Company’s 2023 Annual Report on Form 10-K. In the opinion of management, the accompanying Consolidated Financial Statements reflect all adjustments that are of a normal recurring nature and necessary for a fair presentation of the results for the interim periods. Seasonality of Business The Company’s operations are seasonal in nature and consist of two principal selling seasons: Spring (the first and second quarters) and Fall (the third and fourth quarters). The Company’s sales are highest during the fourth quarter of the fiscal year due to seasonal and holiday-related sales patterns. Due to the seasonal variations in the retail industry, the results of operations for the interim periods are not necessarily indicative of the results expected for the full fiscal year. Derivative Financial Instruments The Company’s Canadian dollar denominated earnings are subject to exchange rate risk as substantially all the Company’s merchandise sold in Canada is sourced through U.S. dollar transactions. The Company uses foreign currency forward contracts designated as cash flow hedges to mitigate this foreign currency exposure. Amounts are reclassified from Accumulated Other Comprehensive Income upon sale of the hedged merchandise to the customer. These gains and losses are recognized in Costs of Goods Sold, Buying and Occupancy in the Consolidated Statements of Income. All designated cash flow hedges are recorded on the Consolidated Balance Sheets at fair value. The fair value of designated cash flow hedges is not significant for any period presented. The Company does not use derivative financial instruments for trading purposes. Concentration of Credit Risk The Company maintains cash and cash equivalents and derivative contracts with various major financial institutions. The Company monitors the relative credit standing of financial institutions with whom it transacts and limits the amount of credit exposure with any one entity. The Company’s investment portfolio is primarily composed of U.S. government obligations, U.S. Treasury and AAA-rated money market funds, commercial paper and bank deposits. The Company also periodically reviews the relative credit standing of franchise, license and wholesale partners and other entities to which it grants credit terms in the normal course of business. The Company determines the required allowance for expected credit losses using information such as customer credit history and financial condition. Amounts are recorded to the allowance when it is determined that expected credit losses may occur. Easton Investments The Company has land and other investments in Easton, a planned community in Columbus, Ohio, that integrates office, hotel, retail, residential and recreational space. These investments, totaling $121 million as of August 3, 2024, $120 million as of February 3, 2024 and $127 million as of July 29, 2023, are recorded in Other Assets on the Consolidated Balance Sheets. Previously included in the Company’s Easton investments were equity interests in Easton Town Center, LLC (“ETC”) and Easton Gateway, LLC (“EG”), entities that own and develop commercial entertainment and shopping centers. The Company’s investments in ETC and EG were accounted for using the equity method of accounting. On May 10, 2024, the Company sold its entire interest in the business associated with EG, and on August 1, 2024, the Company sold its entire interest in ETC. The Company received aggregate cash proceeds of $50 million at the closing of these sales, and recognized a pre-tax gain of $39 million, which is included in Other Income in the 2024 Consolidated Statements of Income. Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period, as well as the related disclosure of contingent assets and liabilities at the date of the financial statements. Actual results may differ from those estimates, and the Company revises its estimates and assumptions as new information becomes available. Recently Issued Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Improvements to Reportable Segment Disclosures, that expands reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses and information used to assess segment performance, and applies to companies with a single reportable segment. The standard is effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of adopting this standard on its disclosures. In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures, that requires enhanced income tax disclosures, primarily related to standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. This standard is effective for fiscal years beginning after December 15, 2024, with early adoption permitted, and may be applied either prospectively or retrospectively. The Company is currently evaluating the impact of adopting this standard on its disclosures.

Description of Business and Basis of Presentation (Policy)	6 Months Ended
	Aug. 03, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business Bath & Body Works, Inc. (the “Company”) is a global omnichannel retailer focused on personal care and home fragrance. The Company sells merchandise through its retail stores in the United States of America (“U.S.”) and Canada, and through its websites and other channels, under the Bath & Body Works, White Barn and other brand names. The Company’s international business is conducted through franchise, license and wholesale partners. The Company operates as and reports a single segment.
Fiscal Year	Fiscal Year The Company’s fiscal year ends on the Saturday nearest to January 31. As used herein, “second quarter of 2024” and “second quarter of 2023” refer to the thirteen-week periods ended August 3, 2024 and July 29, 2023, respectively. “Year-to-date 2024” and “year-to-date 2023” refer to the twenty-six-week periods ended August 3, 2024 and July 29, 2023, respectively.
Basis of Consolidation	Basis of Consolidation The Consolidated Financial Statements include the accounts of the Company and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The Company accounts for investments in unconsolidated entities where it exercises significant influence, but does not have control, using the equity method. Under the equity method of accounting, the Company recognizes its share of the investee's net income or loss. Losses are only recognized to the extent the Company has positive carrying value related to the investee. Carrying values are only reduced below zero if the Company has an obligation to provide funding to the investee. The Company’s share of net income or loss of all unconsolidated entities is included in Other Income in the Consolidated Statements of Income. The Company’s equity method investments are required to be reviewed for impairment when it is determined there may be an other-than-temporary loss in value.
Interim Financial Statements	Interim Financial Statements The Consolidated Financial Statements as of and for the periods ended August 3, 2024 and July 29, 2023 are unaudited and are presented pursuant to the rules and regulations of the Securities and Exchange Commission. These Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and Notes thereto contained in the Company’s 2023 Annual Report on Form 10-K. In the opinion of management, the accompanying Consolidated Financial Statements reflect all adjustments that are of a normal recurring nature and necessary for a fair presentation of the results for the interim periods.
Seasonality of Business	Seasonality of Business The Company’s operations are seasonal in nature and consist of two principal selling seasons: Spring (the first and second quarters) and Fall (the third and fourth quarters). The Company’s sales are highest during the fourth quarter of the fiscal year due to seasonal and holiday-related sales patterns. Due to the seasonal variations in the retail industry, the results of operations for the interim periods are not necessarily indicative of the results expected for the full fiscal year.
Derivative Financial Instruments	Derivative Financial Instruments The Company’s Canadian dollar denominated earnings are subject to exchange rate risk as substantially all the Company’s merchandise sold in Canada is sourced through U.S. dollar transactions. The Company uses foreign currency forward contracts designated as cash flow hedges to mitigate this foreign currency exposure. Amounts are reclassified from Accumulated Other Comprehensive Income upon sale of the hedged merchandise to the customer. These gains and losses are recognized in Costs of Goods Sold, Buying and Occupancy in the Consolidated Statements of Income. All designated cash flow hedges are recorded on the Consolidated Balance Sheets at fair value. The fair value of designated cash flow hedges is not significant for any period presented. The Company does not use derivative financial instruments for trading purposes.
Concentration of Credit Risk	Concentration of Credit Risk The Company maintains cash and cash equivalents and derivative contracts with various major financial institutions. The Company monitors the relative credit standing of financial institutions with whom it transacts and limits the amount of credit exposure with any one entity. The Company’s investment portfolio is primarily composed of U.S. government obligations, U.S. Treasury and AAA-rated money market funds, commercial paper and bank deposits. The Company also periodically reviews the relative credit standing of franchise, license and wholesale partners and other entities to which it grants credit terms in the normal course of business. The Company determines the required allowance for expected credit losses using information such as customer credit history and financial condition. Amounts are recorded to the allowance when it is determined that expected credit losses may occur.
Easton Investments	Easton Investments The Company has land and other investments in Easton, a planned community in Columbus, Ohio, that integrates office, hotel, retail, residential and recreational space. These investments, totaling $121 million as of August 3, 2024, $120 million as of February 3, 2024 and $127 million as of July 29, 2023, are recorded in Other Assets on the Consolidated Balance Sheets. Previously included in the Company’s Easton investments were equity interests in Easton Town Center, LLC (“ETC”) and Easton Gateway, LLC (“EG”), entities that own and develop commercial entertainment and shopping centers. The Company’s investments in ETC and EG were accounted for using the equity method of accounting. On May 10, 2024, the Company sold its entire interest in the business associated with EG, and on August 1, 2024, the Company sold its entire interest in ETC. The Company received aggregate cash proceeds of $50 million at the closing of these sales, and recognized a pre-tax gain of $39 million, which is included in Other Income in the 2024 Consolidated Statements of Income.
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period, as well as the related disclosure of contingent assets and liabilities at the date of the financial statements. Actual results may differ from those estimates, and the Company revises its estimates and assumptions as new information becomes available.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Improvements to Reportable Segment Disclosures, that expands reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses and information used to assess segment performance, and applies to companies with a single reportable segment. The standard is effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of adopting this standard on its disclosures. In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures, that requires enhanced income tax disclosures, primarily related to standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. This standard is effective for fiscal years beginning after December 15, 2024, with early adoption permitted, and may be applied either prospectively or retrospectively. The Company is currently evaluating the impact of adopting this standard on its disclosures.
Inventory	Inventories are principally valued at the lower of cost or net realizable value, on an average cost basis.

Revenue Recognition (Tables)

6 Months Ended

Aug. 03, 2024

Revenue Recognition and Deferred Revenue [Abstract]

Disaggregation of Revenue

The following table provides a disaggregation of Net Sales for the second quarters of and year-to-date 2024 and 2023:


	Second Quarter				Year-to-Date
	2024		2023		2024		2023
	(in millions)
Stores - U.S. and Canada (a)	$	1,140	$	1,144	$	2,205	$	2,177
Direct - U.S. and Canada	297		329		558		609
International (b)	89		86		147		169
Total Net Sales	$	1,526	$	1,559	$	2,910	$	2,955

_______________

(a)Results include fulfilled buy online-pick up in store orders.

(b)Results include royalties associated with franchised stores and wholesale sales.

Fair Value Measurements

6 Months Ended

Aug. 03, 2024

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]

Fair Value Measurements

Cash and Cash Equivalents include cash on hand, deposits with financial institutions and highly liquid investments with original maturities of less than 90 days. The Company’s Cash and Cash Equivalents are considered Level 1 fair value measurements as they are valued using unadjusted quoted prices in active markets for identical assets.

The following table provides a summary of the principal value and estimated fair value of the Company’s outstanding debt as of August 3, 2024, February 3, 2024 and July 29, 2023:


	August 3, 2024		February 3, 2024		July 29, 2023
	(in millions)
Principal Value	$	4,230	$	4,430	$	4,716
Fair Value, Estimated (a)	4,241		4,456		4,510

_______________

Management believes that the carrying values of the Company’s Accounts Receivable, Accounts Payable and Accrued Expenses approximate their fair values because of their short maturities.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Aug. 03, 2024	Feb. 03, 2024	Jul. 29, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value (in USD per share)	$ 1.00	$ 1.00	$ 1.00
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0	0
Common stock, par value (in USD per share)	$ 0.50	$ 0.50	$ 0.50
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000	1,000,000,000
Common stock, shares issued (in shares)	235,000,000	240,000,000	243,000,000
Common Stock, shares outstanding (in shares)	220,000,000	225,000,000	228,000,000
Treasury stock (in shares)	15,000,000	15,000,000	15,000,000

Commitments and Contingencies (Details) $ in Millions	Aug. 03, 2024 USD ($)
Lease Agreements
Lease guarantees remaining after disposition of certain businesses	$ 253

Long-term Debt and Borrowing Facilities Schedule of Repurchases of Notes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Schedule of Long-Term Debt Repurchases [Line Items]
Debt instrument, redeemed amount	$ 91	$ 115	$ 200	$ 199
$314 million, 9.375% Fixed Interest Rate Notes due July 2025 (“2025 Notes”)
Schedule of Long-Term Debt Repurchases [Line Items]
Debt instrument, redeemed amount	0	0	0	6
$284 million, 6.694% Fixed Interest Rate Notes due January 2027 (“2027 Notes”)
Schedule of Long-Term Debt Repurchases [Line Items]
Debt instrument, redeemed amount	14	0	14	0
$844 million, 6.625% Fixed Interest Rate Notes due October 2030 (“2030 Notes”)
Schedule of Long-Term Debt Repurchases [Line Items]
Debt instrument, redeemed amount	56	5	94	7
$284 million, 6.950% Fixed Interest Rate Debentures due March 2033 (“2033 Notes”)
Schedule of Long-Term Debt Repurchases [Line Items]
Debt instrument, redeemed amount	0	6	10	9
$482 million, 7.500% Fixed Interest Rate Notes due June 2029 (“2029 Notes”)
Schedule of Long-Term Debt Repurchases [Line Items]
Debt instrument, redeemed amount	10	0	17	0
$802 million, 6.875% Fixed Interest Rate Notes due November 2035 (“2035 Notes”)
Schedule of Long-Term Debt Repurchases [Line Items]
Debt instrument, redeemed amount	4	47	10	61
$575 million, 6.750% Fixed Interest Rate Notes due July 2036 (“2036 Notes”)
Schedule of Long-Term Debt Repurchases [Line Items]
Debt instrument, redeemed amount	0	26	38	83
$201 million, 7.600% Fixed Interest Rate Notes due July 2037 (“2037 Notes”)
Schedule of Long-Term Debt Repurchases [Line Items]
Debt instrument, redeemed amount	0	31	0	33
$444 million, 5.250% Fixed Interest Rate Notes due February 2028 (“2028 Notes”)
Schedule of Long-Term Debt Repurchases [Line Items]
Debt instrument, redeemed amount	$ 7	$ 0	$ 17	$ 0

Income Taxes	6 Months Ended
Income Taxes	Aug. 03, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income taxes is based on the current estimate of the annual effective tax rate and is adjusted as necessary for quarterly events. For the second quarter of 2024, the Company’s effective tax rate was 0.9% compared to 21.9% in the second quarter of 2023. The 2024 second quarter rate was lower than the Company’s combined estimated federal and state statutory rates primarily due to the sales of Easton investments during the quarter, which resulted in the release of a valuation allowance on a deferred tax asset. The 2023 second quarter rate was lower than the Company’s combined estimated federal and state statutory rates primarily due to the resolution of certain tax matters during the quarter. For year-to-date 2024, the Company’s effective tax rate was 12.1% compared to 24.7% for year-to-date 2023. The 2024 year-to-date rate was lower than the Company's combined estimated federal and state statutory rates primarily due to the sales of Easton investments during the period, which resulted in the release of a valuation allowance on a deferred tax asset. The 2023 year-to-date rate was lower than the Company’s combined estimated federal and state statutory rates primarily due to the resolution of certain tax matters during the period. Income taxes paid were $197 million and $161 million for the second quarters of 2024 and 2023, respectively. Income taxes paid were $203 million and $168 million for year-to-date 2024 and 2023, respectively.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
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+ Details

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	Aug. 03, 2024	Jul. 29, 2023	Aug. 03, 2024	Jul. 29, 2023
Income Statement [Abstract]
Net Sales	$ 1,526	$ 1,559	$ 2,910	$ 2,955
Costs of Goods Sold, Buying and Occupancy	(900)	(937)	(1,677)	(1,737)
Gross Profit	626	622	1,233	1,218
General, Administrative and Store Operating Expenses	(443)	(434)	(863)	(849)
Operating Income	183	188	370	369
Interest Expense	(77)	(86)	(159)	(175)
Other Income	47	25	61	45
Income Before Income Taxes	153	127	272	239
Provision for Income Taxes	1	28	33	59
Net Income	$ 152	$ 99	$ 239	$ 180
Net Income per Basic Share (in dollars per share)	$ 0.68	$ 0.43	$ 1.07	$ 0.79
Net Income per Dilutive Share (in dollars per share)	$ 0.68	$ 0.43	$ 1.06	$ 0.78

Long-term Debt and Borrowing Facilities

6 Months Ended

Aug. 03, 2024

Long-Term Debt, by Current and Noncurrent [Abstract]

Long-term Debt and Borrowing Facilities

Long-term Debt and Borrowing Facility

The following table provides the Company’s outstanding debt balances, net of unamortized debt issuance costs and discounts, as of August 3, 2024, February 3, 2024 and July 29, 2023:


	August 3, 2024		February 3, 2024		July 29, 2023
	(in millions)
Senior Debt with Subsidiary Guarantee
$314 million, 9.375% Fixed Interest Rate Notes due July 2025 (“2025 Notes”)	$	313	$	313	$	312
$284 million, 6.694% Fixed Interest Rate Notes due January 2027 (“2027 Notes”)	275		287		285
$444 million, 5.250% Fixed Interest Rate Notes due February 2028 (“2028 Notes”)	443		460		498
$482 million, 7.500% Fixed Interest Rate Notes due June 2029 (“2029 Notes”)	475		492		491
$844 million, 6.625% Fixed Interest Rate Notes due October 2030 (“2030 Notes”)	838		930		984
$802 million, 6.875% Fixed Interest Rate Notes due November 2035 (“2035 Notes”)	796		806		933
$575 million, 6.750% Fixed Interest Rate Notes due July 2036 (“2036 Notes”)	571		608		612
Total Senior Debt with Subsidiary Guarantee	3,711		3,896		4,115
Senior Debt
$284 million, 6.950% Fixed Interest Rate Debentures due March 2033 (“2033 Notes”)	283		293		340
$201 million, 7.600% Fixed Interest Rate Notes due July 2037 (“2037 Notes”)	200		199		213
Total Senior Debt	483		492		553
Total Debt	4,194		4,388		4,668
Current Debt	(313)		—		—
Total Long-term Debt, Net of Current Portion	$	3,881	$	4,388	$	4,668

Repurchases of Notes

During the second quarter of and year-to-date 2024, the Company repurchased in the open market and extinguished $91 million and $200 million principal amounts of its outstanding senior notes, respectively. The aggregate repurchase price for these notes were $92 million and $202 million for the second quarter of and year-to-date 2024, respectively, resulting in pre-tax losses of $2 million and $3 million, including the write-off of unamortized issuance costs, during the second quarter of and year-to-date 2024, respectively. These losses are included in Other Income in the 2024 Consolidated Statements of Income.

During the second quarter of and year-to-date 2023, the Company repurchased in the open market and extinguished $115 million and $199 million principal amounts of its outstanding senior notes, respectively. The aggregate repurchase price for these notes were $106 million and $182 million for the second quarter of and year-to-date 2023, respectively, resulting in pre-tax gains of $9 million and $16 million, including the write-off of unamortized issuance costs, during the second quarter of and year-to-date 2023, respectively. These gains are included in Other Income in the 2023 Consolidated Statements of Income.

The following table provides details of the outstanding principal amounts of senior notes repurchased and extinguished during the second quarters of and year-to-date 2024 and 2023:


	Second Quarter				Year-to-Date
	2024		2023		2024		2023
	(in millions)
2025 Notes	$	—	$	—	$	—	$	6
2027 Notes	14		—		14		—
2028 Notes	7		—		17		—
2029 Notes	10		—		17		—
2030 Notes	56		5		94		7
2033 Notes	—		6		10		9
2035 Notes	4		47		10		61
2036 Notes	—		26		38		83
2037 Notes	—		31		—		33
Total	$	91	$	115	$	200	$	199

Asset-backed Revolving Credit Facility

The Company and certain of the Company’s 100% owned subsidiaries guarantee and pledge collateral to secure an asset-backed revolving credit facility (“ABL Facility”). The ABL Facility, which allows borrowings and letters of credit in U.S. dollars, has aggregate commitments of $750 million and an expiration date in August 2026.

Availability under the ABL Facility is the lesser of (i) the borrowing base, determined primarily based on the Company’s eligible U.S. and Canadian credit card receivables, accounts receivable, inventory and eligible real property, or (ii) the aggregate commitment. If at any time the outstanding amount under the ABL Facility exceeds the lesser of (i) the borrowing base and (ii) the aggregate commitment, the Company is required to repay the outstanding amounts under the ABL Facility to the extent of such excess. As of August 3, 2024, the Company’s borrowing base was $661 million, and it had no borrowings outstanding under the ABL Facility.

The ABL Facility supports the Company’s letter of credit program. The Company had $10 million of outstanding letters of credit as of August 3, 2024 that reduced its availability under the ABL Facility. As of August 3, 2024, the Company’s availability under the ABL Facility was $651 million.

As of August 3, 2024, the ABL Facility fees related to committed and unutilized amounts were 0.30% per annum, and the fees related to outstanding letters of credit were 1.25% per annum. In addition, the interest rate on outstanding U.S. dollar borrowings was the Term Secured Overnight Financing Rate plus 1.25% and a credit spread adjustment of 0.10% per annum.

The ABL Facility requires the Company to maintain a fixed charge coverage ratio of not less than 1.00 to 1.00 during an event of default or any period commencing on any day when specified excess availability is less than the greater of (i) $70 million or (ii) 10% of the maximum borrowing amount. As of August 3, 2024, the Company was not required to maintain this ratio.

Inventories

6 Months Ended

Aug. 03, 2024

Inventory, Net [Abstract]

Inventories

The following table provides details of Inventories as of August 3, 2024, February 3, 2024 and July 29, 2023:


	August 3, 2024		February 3, 2024		July 29, 2023
	(in millions)
Finished Goods Merchandise	$	669	$	558	$	638
Raw Materials and Merchandise Components	194		152		180
Total Inventories	$	863	$	710	$	818

Inventories are principally valued at the lower of cost or net realizable value, on an average cost basis.

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Aug. 03, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company is subject to various claims and contingencies related to lawsuits, taxes, insurance, regulatory and other matters arising in the ordinary course of business. Actions filed against the Company from time to time may include commercial, tort, intellectual property, tax, customer, employment, wage and hour, data privacy, securities, anti-corruption and other claims, including purported class action lawsuits. Management believes that the ultimate liability arising from such claims and contingencies, if any, is not likely to have a material adverse effect on the Company’s results of operations, financial condition or cash flows. Lease Guarantees In connection with the spin-off of Victoria’s Secret & Co. and the disposal of a certain other business, the Company had remaining contingent obligations of $253 million as of August 3, 2024 related to lease payments under the current terms of noncancelable leases, primarily related to office space, expiring at various dates through 2037. These obligations include minimum rent and additional payments covering taxes, common area costs and certain other expenses and relate to leases that commenced prior to the disposition of these businesses. The Company’s reserves related to these obligations were not significant for any period presented.