View Filing Data

$ 4,852

$ 2,775

$ 2,984

$ 2,626

$ 4,823

$ 2,618

$ 2,755

$ 2,437

$ 13,237

$ 12,632

$ 12,574

8,338

7,673

7,449

General, Administrative and Store Operating Expenses

1,968

928

1,059

944

2,040

989

1,028

903

4,899

4,959

5,125

3,563

3,231

3,122

Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal

(99)

Operating Income

800

228

155

987

232

301

209

1,237

1,728

^[1]

2,003

^[1]

385

406

394

(10)

Provision for Income Taxes

710

(41)

129

842

135

217

118

857

1,312

1,696

213

329

538

Net Income

$ 540

$ (43)

$ 99

$ 48

$ 664

$ 86

$ 139

$ 94

$ 644

$ 983

$ 1,158

Net Income Per Basic Share

$ 1.96

$ (0.16)

$ 0.36

$ 0.17

$ 2.36

$ 0.30

$ 0.48

$ 0.33

$ 2.33

$ 3.46

$ 4.04

Net Income Per Diluted Share

$ 1.94

$ (0.16)

$ 0.36

$ 0.17

$ 2.33

$ 0.30

$ 0.48

$ 0.33

$ 2.31

$ 3.42

$ 3.98

[1]

(a)Victoria's Secret and Victoria's Secret and Bath & Body Works International includes long-lived store asset impairment charges of $70 million and $31 million, respectively, and Other includes a loss on sale of La Senza of $99 million and Henri Bendel closures costs of $23 million. For additional information see Note 6, “Restructuring Activities" and Note 8, “Property and Equipment, Net." (b)Assets are allocated to the operating segments based on decision making authority relevant to the applicable assets.

Consoldiated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended									12 Months Ended
	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 03, 2018	Oct. 28, 2017	Jul. 29, 2017	Apr. 29, 2017	Apr. 30, 2016	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Net Income	$ 540	$ (43)	$ 99	$ 48	$ 664	$ 86	$ 139	$ 94		$ 644	$ 983	$ 1,158
Other Comprehensive Income (Loss), Net of Tax
Foreign Currency Translation										(20)	23	(19)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Tax										45	0	0
Unrealized Gain (Loss) on Cash Flow Hedges										10	(20)	(8)
Reclassification of Cash Flow Hedges to Earnings										2	7	7
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax										0	2	(5)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax									$ (3)	0	0	(3)
Total Other Comprehensive Income (Loss), Net of Tax										37	12	(28)
Total Comprehensive Income										$ 681	$ 995	$ 1,130

Consolidated Balance Sheets - USD ($) $ in Millions	Feb. 02, 2019	Feb. 03, 2018
Current Assets:
Cash and Cash Equivalents	$ 1,413	$ 1,515
Accounts Receivable, Net	367	310
Inventories	1,248	1,240
Other	232	228
Total Current Assets	3,260	3,293
Property and Equipment, Net	2,818	2,893
Goodwill	1,348	1,348
Trade Names	411	411
Deferred Tax Assets, Net, Noncurrent	62	14
Other Assets	191	190
Total Assets	8,090	8,149
Current Liabilities:
Accounts Payable	711	717
Accrued Expenses and Other	1,082	1,029
Debt, Current	72	87
Income Taxes	121	198
Total Current Liabilities	1,986	2,031
Deferred Income Taxes	226	238
Long-term Debt	5,739	5,707
Other Long-term Liabilities	1,004	924
Shareholders' Equity (Deficit):
Preferred Stock—$1.00 par value; 10 shares authorized; none issued	0	0
Common Stock—$0.50 par value; 1,000 shares authorized; 283 and 283 shares issued; 275 and 280 shares outstanding, respectively	141	141
Paid-in Capital	771	678
Accumulated Other Comprehensive Income	59	24
Retained Earnings (Deficit)	(1,482)	(1,434)
Less: Treasury Stock, at Average Cost; 8 and 3 shares, respectively	(358)	(162)
Total L Brands, Inc. Shareholders’ Equity (Deficit)	(869)	(753)
Noncontrolling Interest	4	2
Total Equity (Deficit)	(865)	(751)
Total Liabilities and Equity (Deficit)	$ 8,090	$ 8,149

Consolidated Balance Sheets Consolidated Balance Sheets (Parenthetical) - $ / shares	Feb. 02, 2019	Feb. 03, 2018
Preferred Stock, Par or Stated Value Per Share	$ 1	$ 1
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Common Stock, Par or Stated Value Per Share	$ 0.5	$ 0.5
Common Stock, Shares Authorized	1,000,000,000	1,000,000,000
Common Stock, Shares, Issued	283,000,000	283,000,000
Common Stock, Shares, Outstanding	275,000,000	280,000,000
Treasury Stock, Shares	8,000,000	3,000,000

Consolidated Statements of Total Equity (Deficit) - USD ($) shares in Thousands, $ in Millions	Total	Common Stock [Member]	Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss)	Retained Earnings (Accumulated Deficit) [Member]	Treasury Stock, at Average Cost [Member]	Noncontrolling Interest [Member]
Ending Balance (in shares)		290,000
Beginning Balance at Jan. 30, 2016	$ (258)	$ 156	$ 545	$ 40	$ 315	$ (1,315)	$ 1
Beginning Balance (in shares) at Jan. 30, 2016		290,000
Net Income	1,158	$ 0	0	0	1,158	0	0
Other Comprehensive Income (Loss)	$ (28)	0	0	(28)	0	0	0
Common Stock, Dividends, Per Share, Declared	$ 4.40
Total Comprehensive Income (Loss)	$ 1,130	0	0	(28)	1,158	0	0
Dividends, Common Stock, Cash	$ (1,268)	$ 0	0	0	(1,268)	0	0
Treasury Stock, Shares, Acquired	5,719	6,000
Repurchase of Common Stock	$ (438)	$ 0	0	0	0	(438)	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period		2,000
Exercise of Stock Options and Other	107	$ 1	105	0	0	0	1
Ending Balance at Jan. 28, 2017	(727)	$ 157	650	12	205	(1,753)	2
Ending Balance (in shares)		290,000
Ending Balance (in shares)		286,000
Beginning Balance (in shares) at Jan. 28, 2017		286,000
Net Income	983	$ 0	0	0	983	0	0
Other Comprehensive Income (Loss)	$ 12	0	0	12	0	0	0
Common Stock, Dividends, Per Share, Declared	$ 2.40
Total Comprehensive Income (Loss)	$ 995	0	0	12	983	0	0
Dividends, Common Stock, Cash	$ (686)	$ 0	0	0	(686)	0	0
Treasury Stock, Shares, Acquired	9,409	9,000
Repurchase of Common Stock	$ (445)	$ 0	0	0	0	(445)	0
Treasury Stock, Retired, Cost Method, Amount	0	$ (18)	(82)	0	(1,936)	2,036	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period		3,000
Exercise of Stock Options and Other	112	$ 2	110	0	0	0	0
Ending Balance at Feb. 03, 2018	(751)	$ 141	678	24	(1,434)	(162)	2
Ending Balance (in shares)		286,000
Cumulative Effect of New Accounting Principle in Period of Adoption		$ 0	0			0	0
Cumulative Effect of New Accounting Principle in Period of Adoption \| Adjustments for New Accounting Pronouncement [Member]	(28)			(2)	(26)
Cumulative Effect of New Accounting Principle in Period of Adoption \| Accounting Standards Update 2016-01 [Member]	(2)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance \| Adjustments for New Accounting Pronouncement [Member]	$ (779)			22	(1,460)
Ending Balance (in shares)	280,000	280,000
Beginning Balance (in shares) at Feb. 03, 2018	280,000	280,000
Net Income	$ 644	$ 0	0	0	644	0	0
Other Comprehensive Income (Loss)	$ 37	0	0	37	0	0	0
Common Stock, Dividends, Per Share, Declared	$ 2.40
Total Comprehensive Income (Loss)	$ 681	0	0	37	644	0	0
Dividends, Common Stock, Cash	$ (666)	$ 0	0	0	(666)	0	0
Treasury Stock, Shares, Acquired	5,379	5,000
Repurchase of Common Stock	$ (196)	$ 0	0	0	0	(196)	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period		0
Exercise of Stock Options and Other	95	$ 0	93	0	0	0	2
Ending Balance at Feb. 02, 2019	$ (865)	$ 141	$ 771	$ 59	$ (1,482)	$ (358)	$ 4
Ending Balance (in shares)	280,000	280,000
Ending Balance (in shares)	275,000	275,000

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Net Income (Loss) Attributable to Parent	$ 644	$ 983	$ 1,158
Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities:
Depreciation of Long-lived Assets	590	571	518
Amortization of Landlord Allowances	(43)	(47)	(46)
Impairment of Long-Lived Assets Held-for-use	101	0	0
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	99	0	0
Deferred Income Taxes	(52)	(108)	110
Share-based Compensation Expense	97	102	96
Unrealized Gain (Loss) on Securities	6	0	0
Gain (Loss) on Extinguishment of Debt	0	(45)	(36)
Available-for-sale Securities, Gross Realized Gains	0	0	4
Changes in Assets and Liabilities, Net of Assets and Liabilities related to Divestitures:
Accounts Receivable	(63)	(13)	(44)
Inventories	(40)	(137)	30
Accounts Payable, Accrued Expenses and Other	29	50	31
Income Taxes Payable	(113)	(40)	117
Other Assets and Liabilities	130	20	100
Net Cash Provided by (Used for) Operating Activities	1,377	1,406	1,990
Investing Activities
Capital Expenditures	(629)	(707)	(990)
Proceeds from Equity Method Investment, Distribution, Return of Capital	16	29	119
Payments to Acquire Businesses, Net of Cash Acquired	0	0	(33)
Proceeds from Sale of Other Assets, Investing Activities	0	0	53
Proceeds from Sale and Maturity of Marketable Securities	0	0	10
Payments to Acquire Marketable Securities	0	(10)	0
Other Investing Activities	4	(10)	8
Net Cash Used for Investing Activities	(609)	(698)	(833)
Financing Activities
Proceeds from Debt, Net of Issuance Costs	0	495	692
Repayments of Long-term Debt	(52)	(540)	(742)
Proceeds from Lines of Credit	92	0	0
Repayments of Lines of Credit	(92)	0	0
Payments of Dividends	(666)	(686)	(1,268)
Repurchases of Common Stock	(198)	(446)	(435)
Payments Related to Tax Withholding for Share-based Compensation	(13)	(32)	(58)
Proceeds From Exercise of Stock Options	1	38	20
Proceeds from (Payments for) Other Financing Activities	(7)	(8)	(3)
Net Cash Provided by (Used for) Financing Activities	(872)	(1,127)	(1,765)
Effects of Exchange Rate Changes on Cash	2	0	(6)
Net Decrease in Cash and Cash Equivalents	(102)	(419)	(614)
Cash and Cash Equivalents, Beginning of Year	1,515	1,934	2,548
Cash and Cash Equivalents, End of Year	1,413	1,515	1,934
Foreign Facilities [Member]
Financing Activities
Proceeds from Lines of Credit	172	96	35
Repayments of Lines of Credit	(109)	(44)	(6)
Easton Investment [Member]
Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities:
Gain (Loss) on Equity Method Investment Dividends Or Distributions	(8)	(20)	(112)
Investing Activities
Proceeds from Equity Method Investment, Distribution, Return of Capital	$ 16	$ 29	$ 119

Description of Business and Summary of Significant Accounting Policies

12 Months Ended

Feb. 02, 2019

Description of Business and Summary of Significant Accounting Policies

Description of Business

L Brands, Inc. (“the Company”) operates in the highly competitive specialty retail business. The Company is a specialty retailer of women’s intimate and other apparel, personal care, beauty and home fragrance products. The Company sells its merchandise through company-owned specialty retail stores in the U.S., Canada, U.K., Ireland and Greater China, and through its websites and other channels. The Company's other international operations are primarily through franchise, license and wholesale partners. The Company currently operates the following retail brands:


•	Victoria’s Secret


•	PINK


•	Bath & Body Works

Fiscal Year

The Company's fiscal year ends on the Saturday nearest to January 31. As used herein, “2018” and "2016" refer to the 52-week periods ended February 2, 2019 and January 28, 2017, respectively. “2017” refers to the 53-week period ended February 3, 2018.

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 unconsolidated entities from which the Company purchases merchandise or merchandise components is included in Costs of Goods Sold, Buying and Occupancy in the Consolidated Statements of Income. The Company’s share of net income or loss of all other unconsolidated entities is included in Other Income (Loss) 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.

La Senza

On January 6, 2019, the Company completed the sale of the La Senza business. For additional information, see Note 6, "Restructuring Activities."

Cash and Cash Equivalents

Cash and Cash Equivalents include cash on hand, demand deposits with financial institutions and highly liquid investments with original maturities of less than 90 days. The Company’s outstanding checks, which totaled $13 million as of February 2, 2019 and $14 million as of February 3, 2018, are included in Accounts Payable on the Consolidated Balance Sheets.

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 the Company transacts and limits the amount of credit exposure with any one entity. Typically, the Company’s investment portfolio is primarily comprised 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 the Company grants credit terms in the normal course of business. The Company records an allowance for uncollectable accounts when it becomes probable that the counterparty will be unable to pay.

Marketable Equity Securities

These investments are recorded at fair value in other current assets on the Consolidated Balance Sheets. Beginning in 2018, the Company recognizes unrealized holding gains and losses in Other Income (Loss) in the Consolidated Statements of Income. Prior to 2018, unrealized holding gains and losses were recorded, net of tax, as a component of accumulated other comprehensive income.

Inventories

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

The Company records valuation adjustments to its inventories if the cost of inventory on hand exceeds the amount it expects to realize from the ultimate sale or disposal of the inventory. These estimates are based on management’s judgment regarding future demand and market conditions and analysis of historical experience.

The Company also records inventory loss adjustments for estimated physical inventory losses that have occurred since the date of the last physical inventory. These estimates are based on management’s analysis of historical results and operating trends.

Advertising Costs

Advertising and marketing costs are expensed at the time the promotion first appears in media, in the store or when the advertising is mailed. Advertising and marketing costs totaled $476 million for 2018, $383 million for 2017 and $325 million for 2016.

Property and Equipment

The Company’s property and equipment are recorded at cost and depreciation is computed on a straight-line basis using the following depreciable life ranges:



Category of Property and Equipment		Depreciable Life Range
Software, including software developed for internal use		3 - 7 years
Store related assets		3 - 10 years
Leasehold improvements		Shorter of lease term or 10 years
Non-store related building and site improvements		10 - 15 years
Other property and equipment		20 years
Buildings		30 years

When a decision has been made to dispose of property and equipment prior to the end of the previously estimated useful life, depreciation estimates are revised to reflect the use of the asset over the shortened estimated useful life. The Company’s cost of assets sold or retired and the related accumulated depreciation are removed from the accounts with any resulting gain or loss included in net income. Maintenance and repairs are charged to expense as incurred. Major renewals and betterments that extend useful lives are capitalized.

Property and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. Assets are grouped at the lowest level for which they are largely independent of other assets or asset groups. If the estimated undiscounted future cash flows related to the asset or asset group are less than the carrying value, the Company recognizes a loss equal to the difference between the carrying value and the estimated fair value, usually determined by the estimated discounted future cash flows of the asset or asset group.

Goodwill and Intangible Assets

The Company has certain intangible assets resulting from business combinations and acquisitions that are recorded at cost. Intangible assets with finite lives are amortized on a straight-line basis over their respective estimated useful lives.

Goodwill is reviewed for impairment each year in the fourth quarter and may be reviewed more frequently if certain events occur or circumstances change. The Company has the option to either first perform a qualitative assessment to determine whether it is more likely than not that each reporting unit's fair value is less than its carrying value (including goodwill), or to proceed directly to the quantitative assessment which requires a comparison of the fair value of each reporting unit's fair value to its carrying value (including goodwill). If the Company determines that the fair value of a reporting unit is less than its carrying value, the Company then estimates the fair value of all assets and liabilities of that reporting unit, including the implied fair value of goodwill, through either estimated discounted future cash flows or market-based methodologies. If the carrying value of goodwill exceeds the implied fair value, the Company recognizes an impairment charge equal to the difference. The Company's reporting units are determined in accordance with the provisions of ASC 350, Intangibles - Goodwill and Other. The Company's reporting units that have goodwill are Victoria's Secret, Bath & Body Works and Greater China.

Intangible assets with indefinite lives are reviewed for impairment each year in the fourth quarter and may be reviewed more frequently if certain events occur or circumstances change. The Company has the option to either first performs a qualitative assessment to determine whether it is more likely than not that the indefinite-lived intangible asset is impaired, or to proceed directly to the quantitative assessment which requires a comparison of the fair value of the intangible asset to its carrying value. To determine if the fair value of the asset is less than its carrying amount, the Company will estimate the fair value, usually determined by the estimated discounted future cash flows of the asset, and compare that value with its carrying amount. If the carrying value of the intangible asset exceeds the fair value, the Company recognizes an impairment charge equal to the difference.

If future economic conditions are different than those projected by management, future impairment charges may be required.

Leases and Leasehold Improvements

The Company has leases that contain predetermined fixed escalations of minimum rentals and/or rent abatements subsequent to taking possession of the leased property. The Company recognizes the related rent expense on a straight-line basis commencing upon the store possession date. The Company records the difference between the recognized rental expense and amounts payable under the leases as deferred lease credits. The Company’s liability for predetermined fixed escalations of minimum rentals and/or rent abatements totaled $220 million as of February 2, 2019 and $210 million as of February 3, 2018. These liabilities are included in Other Long-term Liabilities on the Consolidated Balance Sheets.

The Company receives construction allowances from landlords related to its retail stores. These allowances are generally comprised of cash amounts received by the Company from its landlords as part of the negotiated lease terms. The Company records a receivable and a landlord allowance at the lease commencement date (date of initial possession of the store). The landlord allowance is amortized on a straight-line basis as a reduction of rent expense over the term of the lease (including the pre-opening build-out period), and the receivable is reduced as amounts are received from the landlord. The Company’s unamortized portion of landlord allowances, which totaled $278 million as of February 2, 2019 and $293 million as of February 3, 2018, is included in Other Long-term Liabilities on the Consolidated Balance Sheets.

The Company also has leasehold improvements which are amortized over the shorter of their estimated useful lives or the period from the date the assets are placed in service to the end of the initial lease term. Leasehold improvements made after the inception of the initial lease term are depreciated over the shorter of their estimated useful lives or the remaining lease term, including renewal periods, if reasonably assured.

For information regarding the future impacts as a result of the Company's adoption of ASC 842, Leases, in the first quarter of 2019, refer to Note 2, "New Accounting Pronouncements."

Foreign Currency Translation

The functional currency of the Company’s foreign operations is generally the applicable local currency. Assets and liabilities are translated into U.S. dollars using the current exchange rates in effect as of the balance sheet date, while revenues and expenses are translated at the average exchange rates for the period. The Company’s resulting translation adjustments are recorded as a component of accumulated other comprehensive income (loss) in shareholders’ equity. Accumulated foreign currency translation adjustments are reclassified to net income when realized upon sale or upon complete or substantially complete liquidation of the investment in the foreign entity.

Derivative Financial Instruments

The Company uses derivative financial instruments to manage exposure to foreign currency exchange rates and interest rates. The Company does not use derivative instruments for trading purposes. All derivative instruments are recorded on the Consolidated Balance Sheets at fair value.

For derivative financial instruments that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative instrument is reported as a component of accumulated other comprehensive income (loss) in shareholders’ equity and reclassified into earnings in the same period during which the hedged item affects earnings. Gains and losses that are reclassified into earnings are recognized in the same line item on the Consolidated Statement of Income as the underlying hedged item. Gains and losses on the derivative representing hedge ineffectiveness, if any, are recognized in current earnings.

For derivative financial instruments that are designated and qualify as fair value hedges, the change in the fair value of the derivative instrument has an equal and offsetting impact to the carrying value of the liability on the balance sheet.

For derivative financial instruments that are not designated as hedging instruments, the gain or loss on the derivative instrument is recognized in current earnings in Other Income (Loss) on the Consolidated Statements of Income.

Fair Value

The authoritative guidance included in ASC 820, Fair Value Measurement, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. This authoritative guidance further establishes a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:


•	Level 1—Quoted market prices in active markets for identical assets or liabilities.


•	Level 2—Observable inputs other than quoted market prices included in Level 1, such as quoted prices of similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.


•	Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.

The Company estimates the fair value of financial instruments, property and equipment and goodwill and intangible assets in accordance with the provisions of ASC 820.

Income Taxes

The Company accounts for income taxes under the asset and liability method. Under this method, taxes currently payable or refundable are accrued, and deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets are also recognized for realizable operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted income tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in income tax rates is recognized in the Company’s Consolidated Statement of Income in the period that includes the enactment date. A valuation allowance is recorded to reduce the carrying amounts of deferred tax assets if it is more likely than not that such assets will not be realized.

In determining the Company’s provision for income taxes, the Company considers permanent differences between book and tax income and statutory income tax rates. The Company’s effective income tax rate is affected by items including changes in tax law, the tax jurisdiction of new stores or business ventures and the level of earnings.

The Company follows a two-step approach to recognize and measure uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the available evidence indicates it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount which is more than 50% likely of being realized upon ultimate settlement. The Company considers many factors when evaluating and estimating its tax positions and tax benefits, which may require periodic adjustments and for which actual outcomes may differ from forecasted outcomes.

The Company’s income tax returns, like those of most companies, are periodically audited by domestic and foreign tax authorities. These audits include questions regarding the Company’s tax filing positions, including the timing and amount of deductions and the allocation of income among various tax jurisdictions. At any one time, multiple tax years are subject to audit by the various tax authorities. A number of years may elapse before a particular matter for which the Company has established an accrual is audited and fully resolved or clarified. The Company adjusts its tax contingencies accrual and income tax provision in the period in which matters are effectively settled with tax authorities at amounts different from its established accrual, when the statute of limitations expires for the relevant taxing authority to examine the tax position or when more information becomes available. The Company includes its tax contingencies accrual, including accrued penalties and interest, in Other Long-term Liabilities on the Consolidated Balance Sheets unless the liability is expected to be paid within one year. Changes to the tax contingencies accrual, including accrued penalties and interest, are included in Provision for Income Taxes on the Consolidated Statements of Income.

Self-Insurance

The Company is self-insured for medical, workers’ compensation, property, general liability and automobile liability up to certain stop-loss limits. Such costs are accrued based on known claims and an estimate of incurred but not reported (“IBNR”) claims. IBNR claims are estimated using historical claim information and actuarial estimates.

Noncontrolling Interest

Noncontrolling interest represents the portion of equity interests of consolidated affiliates not owned by the Company.

Share-based Compensation

The Company recognizes all share-based payments to employees and directors as compensation cost over the service period based on their estimated fair value on the date of grant. The Company estimates award forfeitures at the time awards are granted and adjusts, if necessary, in subsequent periods based on historical experience and expected future forfeitures.

Compensation cost is recognized over the service period for the fair value of awards that actually vest. Compensation expense for awards without a performance condition is recognized, net of estimated forfeitures, using a single award approach (each award is valued as one grant, irrespective of the number of vesting tranches). Compensation expense for awards with a performance condition is recognized, net of estimated forfeitures, using a multiple award approach (each vesting tranche is valued as one grant).

Revenue Recognition

In the first quarter of 2018, the Company adopted ASC 606, Revenue from Contracts with Customers, using the modified retrospective approach. Results for 2018 are presented under ASC 606, while prior period consolidated financial statements have not been adjusted and continue to be presented under the accounting standards in effect for those periods.

The Company recognizes revenue based on the amount it expects to receive when control of the goods or services is transferred to the customer. The Company recognizes sales upon customer receipt of merchandise, which for direct channel revenues reflect an estimate of shipments that have not yet been received by the customer based on shipping terms and historical delivery times. The Company’s shipping and handling revenues are included in Net Sales with the related costs included in Costs of Goods Sold, Buying and Occupancy in the Consolidated Statements of Income. The Company also provides a reserve for projected merchandise returns based on historical experience. Net Sales exclude sales and other similar taxes collected from customers.

The Company offers certain loyalty programs that allow customers to earn points based on purchasing activity. As customers accumulate points and reach point thresholds, they can use the points to purchase merchandise in stores or online. The Company allocates revenue to points earned on qualifying purchases and defers recognition until the points are redeemed. The amount of revenue deferred is based on the relative stand-alone selling price method, which includes an estimate for points not expected to be redeemed based on historical experience.

The Company sells gift cards with no expiration dates to customers. The Company does not charge administrative fees on unused gift cards. The Company recognizes revenue from gift cards when they are redeemed by the customer. In addition, the Company recognizes revenue on unredeemed gift cards where the likelihood of the gift card being redeemed is remote and there is no legal obligation to remit the unredeemed gift cards to relevant jurisdictions (gift card breakage). Gift card breakage revenue is recognized in proportion, and over the same period, as actual gift card redemptions. The Company determines the gift card breakage rate based on historical redemption patterns. Gift card breakage is included in Net Sales in the Consolidated Statements of Income.

Revenue earned in connection with Victoria’s Secret's private label credit card arrangement is recognized over the term of the license arrangement and is included in Net Sales in the 2018 Consolidated Statement of Income.

The Company also recognizes revenues associated with franchise, license, wholesale and sourcing arrangements. Revenue recognized under franchise and license arrangements generally consists of royalties earned and recognized upon sale of merchandise by franchise and license partners to retail customers. Revenue is generally recognized under wholesale and sourcing arrangements at the time the title passes to the partner.

Costs of Goods Sold, Buying and Occupancy

The Company’s costs of goods sold include merchandise costs, net of discounts and allowances, freight and inventory shrinkage. The Company’s buying and occupancy expenses primarily include payroll, benefit costs and operating expenses for its buying departments and distribution network, rent, common area maintenance, real estate taxes, utilities, maintenance, fulfillment expenses and depreciation for the Company’s stores, warehouse facilities and equipment.

General, Administrative and Store Operating Expenses

The Company’s general, administrative and store operating expenses primarily include payroll and benefit costs for its store-selling and administrative departments (including corporate functions), marketing, advertising and other operating expenses not specifically categorized elsewhere in the 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.

New Accounting Pronouncements (Notes)	12 Months Ended
New Accounting Pronouncements (Notes)	Feb. 02, 2019
New Accounting Pronouncements Text Block [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	New Accounting Pronouncements Revenue from Contracts with Customers In May 2014, the FASB issued ASC 606, Revenue from Contracts with Customers, which was further clarified and amended in 2015 and 2016. This guidance requires companies to recognize revenue in a manner that depicts the transfer of promised goods or services to customers in amounts that reflect the consideration to which a company expects to be entitled in exchange for those goods or services. The new standard also results in enhanced disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The Company adopted the standard in the first quarter of 2018 under the modified retrospective approach. Under the standard, income from the Victoria's Secret private label credit card arrangement, which was historically presented as a reduction to General, Administrative and Store Operating Expenses, is presented as revenue. Further, historical accounting related to loyalty points earned under the Victoria's Secret customer loyalty program changed as the Company now defers revenue associated with customer loyalty points until the points are redeemed using a relative stand-alone selling price method. The standard also changed accounting for sales returns which requires balance sheet presentation on a gross basis. In the first quarter of 2018, the Company recorded a cumulative catch-up adjustment resulting in a reduction to opening retained earnings, net of tax, of $28 million. The cumulative adjustment primarily related to the deferral of revenue related to outstanding points, net of estimated forfeitures, under the Victoria's Secret customer loyalty program. In addition, Net Sales and General, Administrative and Store Operating Expenses both increased $187 million in the 2018 Consolidated Statement of Income. Further, gross presentation of the Company's sales return reserve resulted in a $5 million increase in Other Current Assets and Accrued Expenses and Other on the February 2, 2019 Consolidated Balance Sheet. Fair Value of Financial Instruments In January 2016, the FASB issued ASC 321, Investments - Equity Securities, which addresses certain aspects of the recognition, measurement, presentation and disclosure of financial instruments. The standard requires the recognition of changes in the fair value of marketable equity securities in net income as compared to historical treatment in accumulated other comprehensive income on the balance sheet. The Company adopted the standard in the first quarter of 2018 and recorded an increase to opening retained earnings, net of tax, of $2 million. Leases In February 2016, the FASB issued ASC 842, Leases, which is effective beginning in fiscal 2019 and requires companies classified as lessees to account for most leases on their balance sheets but recognize expenses on their income statements in a manner similar to today’s accounting. The standard also will result in enhanced quantitative and qualitative disclosures, including significant judgments made by management, to provide greater insight into the extent of revenue and expense recognized and expected to be recognized from existing leases. In July 2018, the FASB approved an amendment to the standard that provides companies a transition option that would not require earlier periods to be restated upon adoption. The Company will adopt the standard in the first quarter of 2019 and apply the standard prospectively as of the adoption date. As allowed by the new standard, the Company elected the package of transition practical expedients but has elected to not apply the hindsight practical expedient to its leases at transition. Substantially all of the Company's leases, including our retail store locations, are subject to operating lease accounting under the new standard. The Company expects to recognize right-of-use assets of approximately $3.3 billion and related lease liabilities of approximately $3.7 billion in its Consolidated Balance Sheet upon adoption at the beginning of fiscal 2019. These balances will change as the lease portfolio changes due to execution of lease modifications or new leases. The right-of-use assets are based upon the lease liabilities adjusted for deferred rent liabilities and unamortized landlord construction allowances. The Company will continue to recognize rent expense in the Consolidated Statements of Income on a straight-line basis over the lease term. Hedging Activities In August 2017, the FASB issued ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities, which is intended to better align risk management activities and financial reporting for hedging relationships. The standard eliminates the requirement to separately measure and report hedge ineffectiveness and generally requires the entire change in the fair value of a hedging instrument to be presented in the same income statement line as the hedged item. It also eases certain documentation and assessment requirements. The Company will adopt the standard in the first quarter of fiscal 2019. The Company does not expect this standard to have a material impact on its consolidated results of operations, financial position or cash flows. Goodwill In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment, which simplifies the subsequent measurement of goodwill. The standard eliminates the second step from the goodwill impairment test, which requires a hypothetical purchase price allocation to determine the implied fair value of goodwill. Under the new standard, the goodwill impairment charge will be the excess of the reporting unit's carrying value over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. This guidance will be effective beginning in fiscal 2020, with early adoption permitted. The Company does not expect this standard to have a material impact on its consolidated results of operations, financial position or cash flows.

Earnings Per Share

12 Months Ended

Feb. 02, 2019

Earnings Per Share [Abstract]

Earnings Per Share

Earnings per basic share is computed based on the weighted-average number of outstanding common shares. Earnings per diluted share include the weighted-average effect of dilutive options and restricted stock on the weighted-average shares outstanding.

The following table provides shares utilized for the calculation of basic and diluted earnings per share for 2018, 2017 and 2016:



	2018		2017 (a)		2016
	(in millions)
Weighted-average Common Shares:
Issued Shares	283		308		314
Treasury Shares	(7	)	(24	)	(27	)
Basic Shares	276		284		287
Effect of Dilutive Options and Restricted Stock	3		3		4
Diluted Shares	279		287		291
Anti-dilutive Options and Awards (b)	5		4		2

________________


(a)	In November 2017, the Company retired 36 million shares of its Treasury Stock.


(b)	These options and awards were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

Acquisition Acquisition

12 Months Ended

Feb. 02, 2019

Acquisition [Abstract]

Business Combination Disclosure [Text Block]

Acquisition

On April 18, 2016, the Company completed the acquisition of 100% of the shares of American Beauty Limited for a total purchase price of $44 million. This agreement included the reacquisition of the franchise rights from one of our partners to operate Victoria's Secret Beauty and Accessories stores in Greater China, including 26 stores already open at the time of acquisition. The purchase price included $10 million in forgiveness of liabilities owed to the Company from the pre-existing relationship. As a result of this acquisition, the Company's financial statements include the financial results of American Beauty Limited, which are reported as part of the Victoria's Secret and Bath & Body Works International segment.

The total purchase price was allocated to the net tangible and intangible assets acquired based on their estimated fair value. Such estimated fair values require management to make estimates and judgments, especially with respect to intangible assets. The allocation of the purchase price to goodwill was complete as of the second quarter of 2016. Goodwill related to the acquisition is not deductible for tax purposes.

The allocation of the purchase price to the fair value of assets acquired and liabilities assumed is as follows:



	(in millions)
Cash and Cash Equivalents	$	1
Inventories	3
Property and Equipment	10
Goodwill	30
Other Assets	3
Current Liabilities	(3		)
Net Assets Acquired	$	44
Forgiveness of Liabilities Owed to the Company	(10		)
Consideration Paid	$	34

Restructuring Activities (Notes)	12 Months Ended
Restructuring Activities (Notes)	Feb. 02, 2019
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure [Text Block]	Restructuring Activities La Senza On January 6, 2019, in an effort to increase shareholder value and in order to focus on its larger core businesses, the Company divested its ownership interest in La Senza to an affiliate of Regent LP, a global private equity firm. Regent LP assumed La Senza’s operating assets and liabilities in exchange for potential future consideration upon the sale or other monetization of La Senza, as defined in the agreement. In the fourth quarter of 2018, the Company recognized a pre-tax loss on the divestiture of $99 million, primarily related to $45 million of accumulated foreign currency translation adjustments reclassified into earnings that were previously recognized as a component of equity, as well as losses related to the transfer of the net working capital and long-lived store assets to the buyer. The loss is included in Loss on Divestiture of La Senza in the 2018 Consolidated Statement of Income. The after-tax loss on the divestiture was $55 million, which includes $44 million of tax benefits primarily associated with the recognition of previously unrecognized deferred tax assets. In conjunction with the transaction, the Company has guaranteed certain lease payments under the current terms of noncancelable leases. For additional information, see Note 18, "Commitments and Contingencies." Additionally, the Company will continue to provide support to La Senza in various operational areas including logistics, technology and merchandise sourcing for periods of time ranging from one month to eighteen months. Henri Bendel In the fourth quarter of 2018, the Company closed all Henri Bendel stores and ceased selling merchandise online. The Company announced the planned closure of Henri Bendel in the third quarter of 2018. As a result, the Company recognized a pre-tax charge, primarily cash, consisting of lease termination costs, severance and other costs of $20 million in the third quarter. In the fourth quarter of 2018, the Company recognized an additional pre-tax charge of $3 million, primarily related to contract termination and employee retention costs. Restructuring charges of $14 million and $9 million are included in Costs of Goods Sold, Buying and Occupancy and General, Administrative and Store Operating Expenses, respectively, in the 2018 Consolidated Statement of Income. Through the fourth quarter of 2018, the Company made cash payments of $16 million. The remaining balance of $7 million is included in Accrued Expenses and Other on the February 2, 2019 Consolidated Balance Sheet. Victoria's Secret During the first quarter of 2016, the Company made strategic changes within the Victoria’s Secret segment designed to focus the brand on its core merchandise categories, streamline operations and emphasize brand building and loyalty-enhancing marketing and advertising rather than using traditional catalogues and offers. As a result of these actions, the Company recorded charges related to cancellations of fabric commitments for non-go forward merchandise and a reserve against paper that was previously intended for future catalogues. These costs, totaling $11 million, including non-cash charges of $10 million, are included in Costs of Goods Sold, Buying and Occupancy on the 2016 Consolidated Statement of Income. These actions also resulted in the elimination of approximately 200 positions primarily in the Company's Ohio and New York home offices. Severance and related costs associated with these eliminations, totaling $24 million, are included in General, Administrative and Store Operating Expenses on the 2016 Consolidated Statement of Income. The Company recognized a total pre-tax charge of $35 million for these items in the first quarter of 2016.

Inventories

12 Months Ended

Feb. 02, 2019

Inventories

The following table provides details of inventories as of February 2, 2019 and February 3, 2018:



	February 2, 2019		February 3, 2018
	(in millions)
Finished Goods Merchandise	$	1,107	$	1,121
Raw Materials and Merchandise Components	141		119
Total Inventories	$	1,248	$	1,240

Property and Equipment, Net

12 Months Ended

Feb. 02, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

The following table provides details of property and equipment, net as of February 2, 2019 and February 3, 2018:



	February 2, 2019			February 3, 2018
	(in millions)
Land and Improvements	$	116		$	116
Buildings and Improvements	492			484
Furniture, Fixtures, Software and Equipment	3,725			3,757
Leasehold Improvements	2,277			2,251
Construction in Progress	123			79
Total	6,733			6,687
Accumulated Depreciation and Amortization	(3,915		)	(3,794		)
Property and Equipment, Net	$	2,818		$	2,893

Depreciation expense was $590 million in 2018, $571 million in 2017 and $518 million in 2016.

During 2018, the Company concluded that the negative operating results for certain of its Victoria's Secret stores were an indicator of potential impairment of the related long-lived store assets. The Company determined that the estimated undiscounted future cash flows were less than the carrying values and, as a result, recognized a loss equal to the difference between the carrying values and the estimated fair values, determined by the estimated discounted future cash flows. As a result, the Company recognized impairment charges of $81 million and $20 million in the third and fourth quarter of 2018, respectively. These charges are included in Costs of Goods Sold, Buying & Occupancy in the 2018 Consolidated Statement of Income. Impairment charges of $70 million, related to stores in the U.S. and Canada, were recorded within the Victoria's Secret segment. Impairment charges of $31 million, related to stores in the U.K., were recorded within the Victoria's Secret and Bath & Body Works International segment.

In 2016, the Company completed a sale and leaseback transaction under a noncancelable operating lease of a certain asset. The carrying value of the asset sold under this arrangement was $51 million. Proceeds of $51 million are included in Proceeds from Sale of Assets within the Investing Activities section of the 2016 Consolidated Statement of Cash Flows. For additional information, see Note 18, "Commitments and Contingencies."

Goodwill, Trade Names and Other Intangible Assets, Net

12 Months Ended

Feb. 02, 2019

Goodwill, Trade Names and Other Intangible Assets, Net [Abstract]

Goodwill, Trade Names and Other Intangible Assets, Net

Goodwill and Trade Names

Goodwill

The following table provides detail regarding the composition of goodwill for the fiscal years ended February 2, 2019 and February 3, 2018:



	February 2, 2019		February 3, 2018
	(in millions)
Victoria's Secret	$	690	$	690
Bath & Body Works	628		628
Victoria's Secret and Bath & Body Works International	30		30
Goodwill	$	1,348	$	1,348

In 2016, the Company reacquired from one of its partners the franchise rights to operate Victoria's Secret Beauty and Accessories stores in Greater China, including 26 stores already open at the time of acquisition. As a result of the acquisition, the Company recognized $30 million of goodwill within the Victoria's Secret and Bath & Body Works International reportable segment. For additional information, see Note 5, "Acquisition."

The Company tests for goodwill impairment at the reporting unit level. The Company's reporting units with goodwill balances at February 2, 2019 were Victoria's Secret, Bath & Body Works and Greater China.

Intangible Assets—Indefinite Lives

Intangible assets with indefinite lives represent the Victoria’s Secret and Bath & Body Works trade names. The following table provides additional detail regarding the composition of trade names as of February 2, 2019 and February 3, 2018:



	February 2, 2019		February 3, 2018
	(in millions)
Victoria's Secret	$	246	$	246
Bath & Body Works	165		165
Trade Names	$	411	$	411

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

Accrued Liabilities, Current [Abstract]

Equity Investments and Other	12 Months Ended
Equity Investments and Other	Feb. 02, 2019
Equity Method Investment, Summarized Financial Information [Abstract]
Equity Investments and Other	Equity 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 $89 million as of February 2, 2019 and $81 million as of February 3, 2018, are recorded in Other Assets on the Consolidated Balance Sheets. Included in the Company’s Easton investments are 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 are accounted for using the equity method of accounting. The Company has a majority financial interest in ETC and EG, but another unaffiliated member manages them, and certain significant decisions regarding ETC and EG require the consent of unaffiliated members in addition to the Company. The Company received cash distributions of $16 million and $29 million from certain of its Easton investments during 2018 and 2017, respectively, which are included as return of capital within Investing Activities of the Consolidated Statements of Cash Flows. As a result of these distributions, the Company recognized pre-tax gains totaling $8 million and $20 million during 2018 and 2017, respectively, which are included in Other Income (Loss) in the Consolidated Statements of Income. In 2016, ETC refinanced its bank loan. In conjunction with the loan refinancing, the Company received a cash distribution from ETC of $124 million and recognized a pre-tax gain of $108 million (after-tax gain of $70 million). The gain is included in Other Income (Loss) on the 2016 Consolidated Statement of Income and the return of capital is included within the Investing Activities section of the 2016 Consolidated Statement of Cash Flows.

Accrued Expenses and Other

12 Months Ended

Feb. 02, 2019

Accrued Expenses and Other

The following table provides additional information about the composition of accrued expenses and other as of February 2, 2019 and February 3, 2018:



	February 2, 2019		February 3, 2018
	(in millions)
Deferred Revenue, Principally from Gift Card Sales (a)	$	316	$	267
Compensation, Payroll Taxes and Benefits	215		196
Taxes, Other than Income	78		102
Interest	92		101
Rent	39		43
Accrued Claims on Self-insured Activities	45		37
Returns Reserve (a)	27		20
Other	270		263
Total Accrued Expenses and Other	$	1,082	$	1,029

_______________


(a)	The Company adopted ASC 606, Revenue from Contracts with Customers, under the modified retrospective approach. As such, balances as of February 3, 2018 have not been adjusted.

Income Taxes

12 Months Ended

Feb. 02, 2019

Income Tax Disclosure [Abstract]

Income Taxes

Current income tax expense represents the amounts expected to be reported on the Company’s income tax returns, and deferred tax expense or benefit represents the change in net deferred tax assets and liabilities. Deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities as measured by the enacted tax rates that will be in effect when these differences reverse. Valuation allowances are recorded as appropriate to reduce deferred tax assets to the amount considered likely to be realized.

On December 22, 2017, the Tax Cuts and Jobs Act (the "TCJA") was enacted into law. The legislation significantly changes U.S. tax law by, among other things, lowering corporate income tax rates and imposing a repatriation tax on deemed repatriated earnings of foreign subsidiaries. The TCJA reduces the U.S. corporate income tax rate from a maximum of 35% to a flat 21% rate, effective January 1, 2018.

On December 22, 2017, the SEC staff issued Staff Accounting Bulletin No. 118 (“SAB 118”) to address the application of GAAP in situations when a registrant does not have the necessary information available, prepared or analyzed (including computations) in reasonable detail to complete the accounting for certain income tax effects of the TCJA. The ultimate impact may differ from provisional amounts, due to changes in interpretations and assumptions the Company has made regarding application of the TCJA as well as additional regulatory guidance that may be issued. The Company recognized $159 million tax benefit related to revaluing the ending net deferred tax liabilities and recognized $67 million of tax expense related to the deemed mandatory repatriation in its consolidated financial statements for the year ended February 3, 2018. As of February 2, 2019, the Company has completed its determination of the accounting implications of the TCJA.

The following table provides the components of the Company’s provision for income taxes for fiscal 2018, 2017 and 2016:



	2018			2017			2016
	(in millions)
Current:
U.S. Federal	$	212		$	366		$	345
U.S. State	37			49			62
Non-U.S.	16			22			21
Total	265			437			428
Deferred:
U.S. Federal	(4		)	(114		)	99
U.S. State	2			6			8
Non-U.S.	(50		)	—			3
Total	(52		)	(108		)	110
Provision for Income Taxes	$	213		$	329		$	538

The non-U.S. component of pre-tax income, arising principally from overseas operations, was a loss of $14 million, income of $99 million and income of $134 million for 2018, 2017 and 2016, respectively.

The following table provides the reconciliation between the statutory federal income tax rate and the effective tax rate for fiscal 2018, 2017 and 2016:



	2018		2017		2016
Federal Income Tax Rate	21.0	%	33.7	%	35.0	%
State Income Taxes, Net of Federal Income Tax Effect	6.0	%	3.6	%	3.4	%
Impact of Non-U.S. Operations	0.8	%	(1.5	%)	(1.2	%)
Divestiture of La Senza	(2.7	%)	—	%	—	%
U.S. Net Deferred Tax Liability Remeasurement	—	%	(12.1	%)	—	%
Deemed Mandatory Repatriation	—	%	5.1	%	—	%
Share-Based Compensation	1.0	%	(1.0	%)	—	%
Uncertain Tax Positions	(0.5	%)	(1.2	%)	(4.1	%)
Other Items, Net	(0.7	%)	(1.5	%)	(1.4	%)
Effective Tax Rate	24.9	%	25.1	%	31.7	%

Deferred Taxes

The following table provides the effect of temporary differences that cause deferred income taxes as of February 2, 2019 and February 3, 2018. Deferred tax assets and liabilities represent the future effects on income taxes resulting from temporary differences and carryforwards at the end of the respective year.



	February 2, 2019									February 3, 2018
	Assets			Liabilities			Total			Assets			Liabilities			Total
	(in millions)
Operating Loss Carryforwards	$	217		$	—		$	217		$	202		$	—		$	202
Non-qualified Retirement Plan	64			—			64			62			—			62
Leases	50			—			50			47			—			47
Share-based Compensation	47			—			47			46			—			46
Deferred Revenue	28			—			28			15			—			15
Property and Equipment	—			(278		)	(278		)	—			(266		)	(266		)
Trade Names and Other Intangibles	—			(93		)	(93		)	—			(91		)	(91		)
Other Assets	—			(60		)	(60		)	—			(60		)	(60		)
Other, Net	60			(27		)	33			57			(24		)	33
Valuation Allowance	(172		)	—			(172		)	(212		)	—			(212		)
Total Deferred Income Taxes	$	294		$	(458	)	$	(164	)	$	217		$	(441	)	$	(224	)

As of February 2, 2019, the Company had available for state income tax purposes net operating loss carryforwards which expire, if unused, in the years 2019 through 2037. For those states where the Company has determined that it is more likely than not that the state net operating loss carryforwards will not be realized, a valuation allowance has been provided.

As of February 2, 2019, the Company had available for non-U.S. tax purposes net operating loss carryforwards which have an indefinite life and net operating loss carryforwards which expire, if unused, in the years 2028 through 2038. For certain jurisdictions where the Company has determined that it is more likely than not that the net operating loss carryforwards will not be realized, a valuation allowance has been provided on those net operating loss carryforwards as well as other net deferred tax assets.

Income tax payments were $324 million for 2018, $494 million for 2017 and $469 million for 2016.

Uncertain Tax Positions

The following table summarizes the activity related to the Company’s unrecognized tax benefits for U.S. federal, state & non-U.S. tax jurisdictions for 2018, 2017 and 2016, without interest and penalties:



	2018			2017			2016
	(in millions)
Gross Unrecognized Tax Benefits, as of the Beginning of the Fiscal Year	$	67		$	90		$	248
Increases to Unrecognized Tax Benefits for Prior Years	35			3			3
Decreases to Unrecognized Tax Benefits for Prior Years	(25		)	(22		)	(73		)
Increases to Unrecognized Tax Benefits as a Result of Current Year Activity	44			7			18
Decreases to Unrecognized Tax Benefits Relating to Settlements with Taxing Authorities	—			(2		)	(98		)
Decreases to Unrecognized Tax Benefits as a Result of a Lapse of the Applicable Statute of Limitations	(7		)	(9		)	(8		)
Gross Unrecognized Tax Benefits, as of the End of the Fiscal Year	$	114		$	67		$	90

Of the $114 million, $67 million and $90 million of total unrecognized tax benefits at February 2, 2019, February 3, 2018, and January 28, 2017, respectively, approximately $104 million, $46 million and $62 million, respectively, represent the amount of unrecognized tax benefits that, if recognized, would favorably affect the effective income tax rate in future periods. These amounts are net of the offsetting tax effects from other tax jurisdictions.

Of the total unrecognized tax benefits, it is reasonably possible that $84 million could change in the next 12 months due to audit settlements, expiration of statute of limitations or other resolution of uncertainties. Due to the uncertain and complex application of tax regulations, it is possible that the ultimate resolution of audits may result in amounts which could be different from this estimate. In such case, the Company will record additional tax expense or tax benefit in the period in which such matters are effectively settled.

The Company recognizes interest and penalties related to unrecognized tax benefits as components of income tax expense. The Company recognized an income tax benefit from interest and penalties of $5 million, $2 million and $3 million in 2018, 2017 and 2016, respectively. The Company has accrued $12 million and $17 million for the payment of interest and penalties as of February 2, 2019 and February 3, 2018, respectively. Accrued interest and penalties are included within Other Long-term Liabilities on the Consolidated Balance Sheets.

The Company files U.S. federal income tax returns as well as income tax returns in various states and in non-U.S. jurisdictions. The Company is a participant in the Compliance Assurance Process ("CAP"), which is a program made available by the Internal Revenue Service ("IRS") to certain qualifying large taxpayers, under which participants work collaboratively with the IRS to identify and resolve potential tax issues through open, cooperative and transparent interaction prior to the annual filing of their federal income tax return. The IRS is currently examining the Company's 2017 consolidated U.S. federal income tax return.

The Company is also subject to various U.S. state and local income tax examinations for the years 2012 to 2017. Finally, the Company is subject to multiple non-U.S. tax jurisdiction examinations for the years 2007 to 2017. In some situations, the Company determines that it does not have a filing requirement in a particular tax jurisdiction. Where no return has been filed, no statute of limitations applies. Accordingly, if a tax jurisdiction reaches a conclusion that a filing requirement does exist, additional years may be reviewed by the tax authority. The Company believes it has appropriately accounted for uncertainties related to this issue.

Long-term Debt

12 Months Ended

Feb. 02, 2019

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

Long-term Debt

Long-term Debt and Borrowing Facilities

The following table provides the Company’s outstanding debt balance, net of unamortized debt issuance costs and discounts, as of February 2, 2019 and February 3, 2018:



	February 2, 2019			February 3, 2018
	(in millions)
Senior Debt with Subsidiary Guarantee
$1 billion, 6.875% Fixed Interest Rate Notes due November 2035 (“2035 Notes”)	$	990		$	990
$956 million, 5.625% Fixed Interest Rate Notes due February 2022 (“2022 Notes”)	952			994
$780 million, 6.625% Fixed Interest Rate Notes due April 2021 (“2021 Notes”)	776			994
$700 million, 6.75% Fixed Interest Rate Notes due July 2036 (“2036 Notes”)	693			693
$500 million, 5.625% Fixed Interest Rate Notes due October 2023 (“2023 Notes”)	498			497
$500 million, 5.25% Fixed Interest Rate Notes due February 2028 (“2028 Notes”)	496			495
$338 million, 7.00% Fixed Interest Rate Notes due May 2020 (“2020 Notes”)	337			398
$297 million, 6.694% Fixed Interest Rate Notes due January 2027 ("2027 Notes")	273			—
Secured Foreign Facilities	91			1
Total Senior Debt with Subsidiary Guarantee	$	5,106		$	5,062
Senior Debt
$350 million, 6.95% Fixed Interest Rate Debentures due March 2033 (“2033 Notes”)	$	348		$	348
$300 million, 7.60% Fixed Interest Rate Notes due July 2037 (“2037 Notes”)	297			297
Unsecured Foreign Facilities	60			87
Total Senior Debt	$	705		$	732
Total	$	5,811		$	5,794
Current Debt	(72		)	(87		)
Total Long-term Debt, Net of Current Portion	$	5,739		$	5,707

The following table provides principal payments due on outstanding debt in the next five fiscal years and the remaining years thereafter:



Fiscal Year (in millions)
2019	$	72
2020	347
2021	789
2022	1,018
2023	500
Thereafter	$	3,147

Cash paid for interest was $380 million in 2018, $391 million in 2017 and $387 million in 2016.

Exchange of Notes

In June 2018, the Company completed private offers to exchange $62 million, $220 million and $44 million of outstanding 2020 Notes, 2021 Notes and 2022 Notes, respectively, for $297 million of newly issued 6.694% notes due in January 2027 and $52 million in cash consideration, which included a $24 million exchange premium. The exchange was treated as a modification under ASC 470, Debt, and no gain or loss was recognized. The exchange premium will be amortized through the maturity date of January 2027 and is included within Long-term Debt on the February 2, 2019 Consolidated Balance Sheet. The obligation to pay principal and interest on the 2027 Notes is jointly and severally guaranteed on a full and unconditional basis by certain of the Company's 100% owned subsidiaries (the “Guarantors”).

Issuance of Notes

In January 2018, the Company issued $500 million of 5.25% notes due in February 2028. The obligation to pay principal and interest on these notes is jointly and severally guaranteed on a full and unconditional basis by the Guarantors. The proceeds from the issuance were $495 million, which were net of issuance costs of $5 million. These issuance costs are being amortized through the maturity date of February 2028 and are included within Long-term Debt on the Consolidated Balance Sheets.

Redemption of Notes

In January 2018, the Company used the proceeds from the 2028 Notes to redeem the $500 million 2019 Notes for $540 million. In the fourth quarter of 2017, the Company recognized a pre-tax loss on extinguishment of this debt of $45 million (after-tax loss of $29 million), which includes write-offs of unamortized issuance costs and discounts and losses related to terminated interest rate swaps associated with the 2019 Notes. This loss is included in Other Income (Loss) in the 2017 Consolidated Statement of Income.

Secured Revolving Facility

The Company and the Guarantors guarantee and pledge collateral to secure a revolving credit facility. The Secured Revolving Facility has aggregate availability of $1 billion and expires in May 2022. The Secured Revolving Facility allows the Company and certain of the Company's non-U.S. subsidiaries to borrow and obtain letters of credit in U.S. dollars, Canadian dollars, Euros, Hong Kong dollars or British pounds.

The Secured Revolving Facility fees related to committed and unutilized amounts are 0.25% per annum, and the fees related to outstanding letters of credit are 1.50% per annum. In addition, the interest rate on outstanding U.S. dollar borrowings is LIBOR plus 1.50% per annum. The interest rate on outstanding foreign denominated borrowings is the applicable benchmark rate plus 1.50% per annum.

The Secured Revolving Facility contains fixed charge coverage and debt to EBITDA financial covenants. The Company is required to maintain a fixed charge coverage ratio of not less than 1.75 to 1.00 and a consolidated debt to consolidated EBITDA ratio not exceeding 4.00 to 1.00 for the most recent four-quarter period. In addition, the Secured Revolving Facility provides that investments and restricted payments may be made, without limitation on amount, if (a) at the time of and after giving effect to such investment or restricted payment, the ratio of consolidated debt to consolidated EBITDA for the most recent four-quarter period is less than 3.00 to 1.00 and (b) no default or event of default exists. As of February 2, 2019, the Company was in compliance with both of its financial covenants, and the ratio of consolidated debt to consolidated EBITDA was less than 3.00 to 1.00.

During 2018, the Company borrowed, and made payments of, $92 million under the Secured Revolving Facility. As of February 2, 2019, there were no borrowings outstanding under the Secured Revolving Facility.

The Secured Revolving Facility supports the Company’s letter of credit program. The Company had $9 million of outstanding letters of credit as of February 2, 2019 that reduced its remaining availability under the Secured Revolving Facility.

Secured Foreign Facilities

The Company and the Guarantors guarantee and pledge collateral to secure revolving and term loan bank facilities used by certain of the Company's Greater China subsidiaries to support their operations. The Secured Foreign Facilities, which allow borrowings in U.S. dollars and Chinese Yuan, have availability totaling $100 million. The interest rates on outstanding borrowings are based upon the applicable benchmark rate for the currency of each borrowing. During 2018, the Company borrowed $107 million and made payments of $17 million under the Secured Foreign Facilities. The maximum daily amount outstanding at any point in time in 2018 was $99 million. Borrowings on the Secured Foreign Facilities mature between February 2019 and May 2022. As of February 2, 2019, borrowings of $12 million are included within Current Debt on the Consolidated Balance Sheet and the remaining borrowings are included within Long-term Debt.

Unsecured Foreign Facilities

The Company guarantees unsecured revolving and term loan bank facilities used by certain of the Company's Greater China subsidiaries to support their operations. The Unsecured Foreign Facilities, which allow borrowings in U.S. dollars and Chinese Yuan, have availability totaling $100 million. The interest rates on outstanding borrowings are based upon the applicable benchmark rate for the currency of each borrowing. During 2018, the Company borrowed $65 million and made payments of $92 million under the Unsecured Foreign Facilities. The maximum daily amount outstanding at any point in time in 2018 was $90 million. Borrowings on the Unsecured Foreign Facilities mature between March 2019 and December 2019. As of February 2, 2019, borrowings of $60 million are included within Current Debt on the Consolidated Balance Sheet.

Derivative Instruments

12 Months Ended

Feb. 02, 2019

Summary of Derivative Instruments [Abstract]

Derivative Instruments

Derivative Financial Instruments

Foreign Exchange Derivative Instruments

The earnings of the Company's wholly owned foreign businesses are subject to exchange rate risk as substantially all their merchandise 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 for its Canadian and U.K. businesses. These forward contracts currently have a maximum term of 18 months. 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.

The Company had a cross-currency swap related to an intercompany loan of approximately CAD$170 million that matured in January 2018 which was designated as a cash flow hedge of foreign currency exchange risk. This cross-currency swap mitigated the exposures to fluctuations in the U.S. dollar-Canadian dollar exchange rate related to the Company's Canadian operations. Changes in the U.S. dollar-Canadian dollar exchange rate and the related swap settlements resulted in reclassification of amounts from accumulated other comprehensive income to earnings to completely offset foreign currency transaction gains and losses recognized on the intercompany loan.

The Company uses foreign currency forward contracts to mitigate the impact of fluctuations in foreign currency exchange rates relative to recognized payable balances denominated in non-functional currencies. The fair value of these non-designated foreign currency forward contracts is not significant as of February 2, 2019.

The following table provides the U.S. dollar notional amount of outstanding foreign currency derivative financial instruments as of February 2, 2019 and February 3, 2018:



	February 2, 2019		February 3, 2018
	(in millions)
Notional Amount	$	147	$	217

The following table provides a summary of the fair value and balance sheet classification of outstanding derivative financial instruments designated as foreign currency cash flow hedges as of February 2, 2019 and February 3, 2018:



	February 2, 2019		February 3, 2018
	(in millions)
Other Current Assets	$	2	$	—
Accrued Expenses and Other	—		8
Other Long-term Liabilities	—		1

The following table provides a summary of the pre-tax financial statement effect of the gains and losses on derivative financial instruments designated as foreign currency cash flow hedges for 2018 and 2017:



	2018		2017
	(in millions)
Gain (Loss) Recognized in Accumulated Other Comprehensive Income	$	11	$	(21	)
(Gain) Loss Reclassified from Accumulated Other Comprehensive Income into Costs of Goods Sold, Buying and Occupancy Expense (a)	2		(1		)
(Gain) Loss Reclassified from Accumulated Other Comprehensive Income into Other Income (Loss) (b)	—		8

________________


(a)	Represents reclassification of amounts from accumulated other comprehensive income to earnings when the hedged merchandise is sold to the customer. No ineffectiveness was associated with these foreign currency cash flow hedges.


(b)	Represents reclassification of amounts from accumulated other comprehensive income to earnings to completely offset foreign currency transaction gains and losses recognized on the intercompany loan.

The Company estimates that $3 million of net gains included in accumulated other comprehensive income as of February 2, 2019 related to foreign currency forward contracts designated as cash flow hedges will be reclassified into earnings within the following 12 months. Actual amounts ultimately reclassified depend on the exchange rates in effect when derivative contracts that are currently outstanding mature.

Fair Value Measurements

12 Months Ended

Feb. 02, 2019

Fair Value Measurements [Abstract]

Fair Value Disclosures

Fair Value Measurements

The following table provides a summary of assets and liabilities measured in the consolidated financial statements at fair value on a recurring basis as of February 2, 2019 and February 3, 2018:



	Level 1		Level 2		Level 3		Total
	(in millions)
As of February 2, 2019
Assets:
Cash and Cash Equivalents	$	1,413	$	—	$	—	$	1,413
Marketable Equity Securities	11		—		—		11
Foreign Currency Cash Flow Hedges	—		2		—		2
As of February 3, 2018
Assets:
Cash and Cash Equivalents	$	1,515	$	—	$	—	$	1,515
Marketable Equity Securities	17		—		—		17
Liabilities:
Foreign Currency Cash Flow Hedges	—		9		—		9

The Company's Level 1 fair value measurements use unadjusted quoted prices in active markets for identical assets. The Company's marketable equity securities are classified as Level 1 fair value measurements as they are traded with sufficient frequency and volume to enable the Company to obtain pricing information on an ongoing basis.

In January 2016, the FASB issued ASC 321, Investments - Equity Securities. The standard requires the recognition of changes in the fair value of the Company's marketable equity securities in net income as compared to historical treatment in accumulated other comprehensive income. The Company adopted the standard in the first quarter of 2018. The Company recognized unrealized losses of $6 million in 2018 related to its marketable equity securities in Other Income (Loss) in the 2018 Consolidated Statement of Income.

In 2017, the Company purchased $10 million of marketable equity securities which are classified as available-for-sale. The cash payment is included in Purchases of Marketable Equity Securities in the Investing Activities section of the 2017 Consolidated Statement of Cash Flows.

In 2015, the Company purchased $10 million in marketable equity securities. In the first quarter of 2016, the Company sold a portion of this investment for $10 million and recognized a pre-tax gain of $4 million (after-tax gain of $3 million). The gain is included in Other Income (Loss) in the 2016 Consolidated Statement of Income, and the cash proceeds are included in Proceeds from Sale of Marketable Equity Securities in the Investing Activities section of the 2016 Consolidated Statement of Cash Flows.

The Company’s Level 2 fair value measurements use market approach valuation techniques. The primary inputs to these techniques include benchmark interest rates and foreign currency exchange rates, as applicable to the underlying instruments.

The following table provides a summary of the principal value and estimated fair value of outstanding publicly traded debt as of February 2, 2019 and February 3, 2018:



	February 2, 2019		February 3, 2018
	(in millions)
Principal Value	$	5,722	$	5,750
Fair Value (a)	5,340		5,943

________________


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

Management believes that the carrying values of accounts receivable, accounts payable, accrued expenses and current debt approximate fair value because of their short maturity.

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.

Comprehensive Income (Loss)

Comprehensive Income (Loss)

12 Months Ended

Feb. 02, 2019

Comprehensive Income Loss

Comprehensive Income

Comprehensive Income includes gains and losses on derivative instruments and foreign currency translation adjustments. The cumulative gains and losses on these items are included in Accumulated Other Comprehensive Income on the Consolidated Balance Sheets and Consolidated Statements of Shareholders' Equity (Deficit).

The following table provides the rollforward of accumulated other comprehensive income for 2018:



	Foreign Currency Translation			Cash Flow Hedges			Marketable Equity Securities			Accumulated Other Comprehensive Income
	(in millions)
Balance as of February 3, 2018	$	32		$	(10	)	$	2		$	24
Amount reclassified to Retained Earnings upon adoption of ASC 321	—			—			(2		)	(2		)
Balance as of February 4, 2018	32			(10		)	—			22
Other Comprehensive Income (Loss) Before Reclassifications	(20		)	11			—			(9		)
Amounts Reclassified from Accumulated Other Comprehensive Income	45			2			—			47
Tax Effect	—			(1		)	—			(1		)
Current-period Other Comprehensive Income	25			12			—			37
Balance as of February 2, 2019	$	57		$	2		$	—		$	59

As a result of the divestiture of La Senza, the Company reclassified out of accumulated other comprehensive income and into earnings $45 million of accumulated foreign-currency translation adjustments related to La Senza. For additional information, see Note 6, "Restructuring Activities."

The following table provides the rollforward of accumulated other comprehensive income for 2017:



	Foreign Currency Translation		Cash Flow Hedges			Marketable Equity Securities		Accumulated Other Comprehensive Income
	(in millions)
Balance as of January 28, 2017	$	9	$	3		$	—	$	12
Other Comprehensive Income (Loss) Before Reclassifications	23		(21		)	2		4
Amounts Reclassified from Accumulated Other Comprehensive Income	—		7			—		7
Tax Effect	—		1			—		1
Current-period Other Comprehensive Income (Loss)	23		(13		)	2		12
Balance as of February 3, 2018	$	32	$	(10	)	$	2	$	24

The following table provides a summary of the reclassification adjustments out of accumulated other comprehensive income related to derivative financial instruments designated as foreign currency cash flow hedges for 2018 and 2017:



Location on Consolidated Statements of Income	(Gain) Loss Reclassified from Accumulated Other Comprehensive Income
	2018		2017
	(in millions)
Costs of Goods Sold, Buying and Occupancy	$	2	$	(1	)
Other Income (Loss)	—		8
Provision for Income Taxes	—		—
Net Income	$	2	$	7

Leases

12 Months Ended

Feb. 02, 2019

Leases

For information regarding the future impacts as a result of the Company's adoption of ASC 842, Leases, in the first quarter of 2019, refer to Note 2, "New Accounting Pronouncements."

Operating Leases

The Company is committed to noncancelable leases with remaining terms generally from one to ten years. A substantial portion of the Company’s leases consist of store leases generally with an initial term of ten years. Annual store rent consists of a fixed minimum amount and/or contingent rent based on a percentage of sales exceeding a stipulated amount. Store lease terms generally require additional payments covering certain operating costs such as common area maintenance, utilities, insurance and taxes. These additional payments are excluded from the table below.

The following table provides rent expense for 2018, 2017 and 2016:



	2018			2017			2016
	(in millions)
Store Rent:
Fixed Minimum	$	663		$	642		$	607
Contingent	72			67			71
Total Store Rent	735			709			678
Office, Equipment and Other	98			94			87
Gross Rent Expense	833			803			765
Sublease Rental Income	(2		)	(2		)	(2		)
Total Rent Expense	$	831		$	801		$	763

The following table provides the Company’s minimum rent commitments under noncancelable operating leases in the next five fiscal years and the remaining years thereafter:



Fiscal Year (in millions) (a)
2019	$	698
2020	676
2021	630
2022	562
2023	504
Thereafter	$	1,738

________________


(a)	Excludes additional payments covering taxes, common area costs and certain other expenses generally required by store lease terms.

Capital Leases

The Company leases certain fulfillment equipment under capital leases that expire at various dates through 2023. The Company recorded $26 million of capital lease assets, net of accumulated amortization, in Property and Equipment, Net on the February 2, 2019 Consolidated Balance Sheet. Additionally, the Company recorded capital lease liabilities of $8 million and $19 million in Accrued Expenses and Other and Other Long-term Liabilities, respectively, on the February 2, 2019 Consolidated Balance Sheet.

Asset Retirement Obligations

The Company has asset retirement obligations related to certain company-owned international stores that contractually obligate the Company to remove leasehold improvements at the end of a lease. The Company’s liability for asset retirement obligations totaled $18 million as of February 2, 2019 and $9 million as of February 3, 2018. These liabilities are included in Other Long-term Liabilities on the Consolidated Balance Sheets.

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Feb. 02, 2019
Commitments And Contingencies [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 out of the normal course of business. Actions filed against the Company from time to time include commercial, tort, intellectual property, customer, employment, data privacy, securities 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. Guarantees In connection with the sale of La Senza, the Company has remaining guarantees of $76 million related to lease payments under the current terms of noncancelable leases expiring at various dates through 2028. These guarantees 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 the business. The Company recognized an initial liability of $5 million representing the estimated fair value of its obligation as guarantor in accordance with ASC 460, Guarantees. In connection with the disposition of a certain other business, the Company has remaining guarantees of $6 million related to lease payments under the current terms of noncancelable leases expiring at various dates through 2021. These guarantees 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 the business. In certain instances, the Company’s guarantee may remain in effect if the term of a lease is extended. The Company has not recorded a liability with respect to these guarantee obligations as of February 2, 2019 or February 3, 2018 as it concluded that payments under these guarantees were not probable. In connection with noncancelable operating leases of certain assets, the Company provided residual value guarantees to the lessor if the leased assets cannot be sold for an amount in excess of a specified minimum value at the conclusion of the lease term. The leases expire at various dates through 2021, and the total amount of the guarantees is $94 million. The Company recorded a liability of $11 million and $3 million related to these guarantee obligations as of February 2, 2019 and February 3, 2018, respectively, which are included in Other Long-term Liabilities on the Consolidated Balance Sheets.

Retirement Benefits

12 Months Ended

Feb. 02, 2019

Retirement Benefits [Abstract]

Retirement Benefits

The Company sponsors a tax-qualified defined contribution retirement plan and a non-qualified supplemental retirement plan for substantially all of its associates within the U.S. Participation in the tax-qualified plan is available to associates who meet certain age and service requirements. Participation in the non-qualified plan is available to associates who meet certain age, service, job level and compensation requirements.

The qualified plan permits participating associates to elect contributions up to the maximum limits allowable under the Internal Revenue Code. The Company matches associate contributions according to a predetermined formula and contributes additional amounts based on a percentage of the associates’ eligible annual compensation and years of service. Associate contributions and Company matching contributions vest immediately. Additional Company contributions and the related investment earnings are subject to vesting based on years of service. Total expense recognized related to the qualified plan was $76 million for 2018, $68 million for 2017 and $67 million for 2016.

The non-qualified plan is an unfunded plan which provides benefits beyond the Internal Revenue Code limits for qualified defined contribution plans. The plan permits participating associates to elect contributions up to a maximum percentage of eligible compensation. The Company matches associate contributions according to a predetermined formula and contributes additional amounts based on a percentage of the associates’ eligible compensation and years of service. The plan also permits participating associates to defer additional compensation up to a maximum amount which the Company does not match. Associates’ accounts are credited with interest using a fixed rate determined by the Company and reviewed by the Compensation Committee of the Board of Directors, prior to the beginning of each year. Associate contributions and the related interest vest immediately. Company contributions, along with related interest, are subject to vesting based on years of service. Associates may elect in-service distributions for the unmatched additional deferred compensation component only. The remaining vested portion of associates’ accounts in the plan will be distributed upon termination of employment in either a lump sum or in annual installments over a specified period of up to 10 years.

The following table provides the Company’s annual activity for this plan and year-end liability, included in Other Long-term Liabilities on the Consolidated Balance Sheets, as of February 2, 2019 and February 3, 2018:



	February 2, 2019			February 3, 2018
	(in millions)
Balance at Beginning of Year	$	269		$	258
Contributions:
Associate	10			9
Company	11			9
Interest	13			11
Distributions	(25		)	(18		)
Balance at End of Year	$	278		$	269

Total expense recognized related to the non-qualified plan was $24 million for 2018, $20 million for 2017 and $26 million for 2016.

Shareholders' Equity (Deficit)

12 Months Ended

Feb. 02, 2019

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Shareholders’ Equity (Deficit)

Common Stock Share Repurchases

Under the authority of the Company’s Board of Directors, the Company repurchased shares of its common stock under the following repurchase programs for fiscal 2018, 2017 and 2016:



			Shares Repurchased			Amount Repurchased						Average Stock Price of Shares Repurchased within Program
Repurchase Program	Amount Authorized		2018	2017	2016	2018		2017		2016		Average Stock Price of Shares Repurchased within Program
	(in millions)		(in thousands)			(in millions)
March 2018	$	250	4,852	NA	NA	$	171	NA		NA		$	35.29
September 2017	250		527	3,858	NA	25		$	202	NA		$	51.72
February 2017	250		NA	5,500	NA	NA		240		NA		$	43.57
February 2016	500		NA	51	5,719	NA		3		$	438	$	76.47
Total			5,379	9,409	5,719	$	196	$	445	$	438

In March 2018, the Company's Board of Directors approved a new $250 million share repurchase program, which included the $23 million remaining under the September 2017 repurchase program.

In September 2017, the Company's Board of Directors approved a $250 million share repurchase program, which included the $10 million remaining under the February 2017 repurchase program.

In February 2017, the Company's Board of Directors approved a $250 million share repurchase program, which included the $59 million remaining under the February 2016 repurchase program.

In February 2016, the Company's Board of Directors approved a $500 million share repurchase program, which included the $17 million remaining under the June 2015 repurchase program.

The March 2018 repurchase program had $79 million remaining as of February 2, 2019.

There were $2 million of share repurchases reflected in Accounts Payable on the February 3, 2018 Consolidated Balance Sheet.

Treasury Stock Retirement

In November 2017, the Company retired 36 million shares of its treasury stock. The retirement resulted in a reduction of $2.036 billion in Treasury Stock, $18 million in the par value of Common Stock, $82 million in Paid-in Capital and $1.936 billion in Retained Earnings.

Dividends

Under the authority and declaration of the Board of Directors, the Company paid the following dividends during fiscal 2018, 2017 and 2016:



	Ordinary Dividends		Special Dividends		Total Dividends		Total Paid
	(per share)						(in millions)
2018
Fourth Quarter	$	0.60	$	—	$	0.60	$	166
Third Quarter	0.60		—		0.60		165
Second Quarter	0.60		—		0.60		167
First Quarter	0.60		—		0.60		168
2018 Total	$	2.40	$	—	$	2.40	$	666
2017
Fourth Quarter	$	0.60	$	—	$	0.60	$	170
Third Quarter	0.60		—		0.60		172
Second Quarter	0.60		—		0.60		172
First Quarter	0.60		—		0.60		172
2017 Total	$	2.40	$	—	$	2.40	$	686
2016
Fourth Quarter	$	0.60	$	—	$	0.60	$	172
Third Quarter	0.60		—		0.60		173
Second Quarter	0.60		—		0.60		173
First Quarter	0.60		2.00		2.60		750
2016 Total	$	2.40	$	2.00	$	4.40	$	1,268

Subsequent to February 2, 2019, the Company's Board of Directors declared the first quarter of 2019 ordinary dividend of $0.30 per share.

Share-based Compensation

12 Months Ended

Feb. 02, 2019

Share-based Compensation [Abstract]

Share-based Compensation

Plan Summary

In 2015, the Company's shareholders approved the 2015 Stock Option and Performance Incentive Plan ("2015 Plan"). The 2015 Plan provides for the grant of incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock, performance-based restricted stock, performance units and unrestricted shares. The Company grants stock options at a price equal to the fair market value of the stock on the date of grant. Stock options have a maximum term of 10 years. Stock options generally vest ratably over three to five years. Restricted stock generally vests (the restrictions lapse) at the end of a three-year period or on a graded basis over a five-year period.

Under the Company’s plans, 160 million options, restricted and unrestricted shares have been authorized to be granted to employees and directors. There were 9 million options and shares available for grant as of February 2, 2019.

From time to time the Company's Board of Directors will declare special dividends. In accordance with the anti-dilutive provisions of the stock plan, in these circumstances the Company adjusts both the exercise price and the number of share-based awards outstanding as of the record date of the special dividends. The aggregate fair value, the aggregate intrinsic value and the ratio of the exercise price to the market price are approximately equal immediately before and after the adjustments. Therefore, no compensation expense is recognized.

Stock Options

The following table provides the Company’s stock option activity for the fiscal year ended February 2, 2019:



	Number of Shares		Weighted Average Option Price Per Share		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
	(in thousands)				(in years)	(in thousands)
Outstanding as of February 3, 2018	4,472		$	57.03
Granted	1,438		39.06
Exercised	(84	)	14.52
Cancelled	(534	)	53.72
Outstanding as of February 2, 2019	5,292		$	53.14	6.48	$	3,384
Vested and Expected to Vest as of February 2, 2019 (a)	5,124		53.44		6.40	3,384
Options Exercisable as of February 2, 2019	2,759		55.11		4.76	3,384

________________


(a)	The number of options expected to vest includes an estimate of expected forfeitures.

Intrinsic value for stock options is the difference between the current market value of the Company’s stock and the option strike price. The total intrinsic value of options exercised was $2 million for 2018, $44 million for 2017 and $30 million for 2016.

The total fair value at grant date of option awards vested was $9 million for 2018 and $10 million for 2017 and 2016.

The Company’s total unrecognized compensation cost, net of estimated forfeitures, related to nonvested options was $13 million as of February 2, 2019. This cost is expected to be recognized over a weighted-average period of 2.3 years.

The weighted-average estimated fair value of stock options granted was $6.76 per share for 2018, $5.96 per share for 2017 and $11.72 per share for 2016.

Cash received from stock options exercised was $1 million for 2018, $38 million for 2017 and $20 million for 2016. Tax benefits realized from tax deductions associated with stock options exercised were less than $1 million for 2018, $16 million for 2017 and $9 million for 2016.

The Company uses the Black-Scholes option-pricing model for valuation of options granted to employees and directors. The Company’s determination of the fair value of options is affected by the Company’s stock price as well as assumptions regarding a number of highly complex and subjective variables. These variables include, but are not limited to, the Company’s expected stock price volatility over the term of the awards and projected employee stock option exercise behaviors.

The following table contains the weighted-average assumptions used during 2018, 2017 and 2016:



	2018		2017		2016
Expected Volatility	36	%	28	%	25	%
Risk-free Interest Rate	2.5	%	1.5	%	1.1	%
Dividend Yield	5.8	%	5.1	%	3.3	%
Expected Life (in years)	2.9		3.0		4.1

The majority of the Company’s stock-based compensation awards are granted on an annual basis in the first quarter of each year. The expected volatility assumption is based on the Company’s analysis of historical volatility. The risk-free interest rate assumption is based upon the average daily closing rates during the period for U.S. treasury notes that have a life which approximates the expected life of the option. The dividend yield assumption is based on the Company’s history and expectation of dividend payouts in relation to the stock price at the grant date. The expected life of employee stock options represents the weighted-average period the stock options are expected to remain outstanding.

Restricted Stock

The following table provides the Company’s restricted stock activity for the fiscal year ended February 2, 2019:



	Number of Shares		Weighted Average Grant Date Fair Value
	(in thousands)
Unvested as of February 3, 2018	5,699		$	57.97
Granted	2,938		30.43
Vested	(1,255	)	68.38
Cancelled	(693	)	44.61
Unvested as of February 2, 2019	6,689		$	45.29

The Company’s total intrinsic value of restricted stock vested was $44 million for 2018, $86 million for 2017 and $140 million for 2016.

The Company’s total fair value at grant date of awards vested was $86 million for 2018, $87 million for 2017 and $68 million for 2016. Fair value of restricted stock awards is based on the market value of an unrestricted share on the grant date adjusted for anticipated dividend yields.

As of February 2, 2019, there was $108 million of total unrecognized compensation cost, net of estimated forfeitures, related to unvested restricted stock. That cost is expected to be recognized over a weighted-average period of 2.3 years.

The weighted-average estimated fair value of restricted stock granted was $30.43 per share for 2018, $39.21 per share for 2017 and $75.09 per share for 2016.

Tax benefits realized from tax deductions associated with restricted stock vested were $10 million for 2018, $32 million for 2017 and $61 million for 2016.

Income Statement Impact

The following table provides share-based compensation expense included in the Consolidated Statements of Income for 2018, 2017 and 2016:



	2018		2017		2016
	(in millions)
Costs of Goods Sold, Buying and Occupancy	$	29	$	32	$	31
General, Administrative and Store Operating Expenses	68		70		65
Total Share-based Compensation Expense	$	97	$	102	$	96

Share-based compensation expense is based on awards that are ultimately expected to vest. The Company estimates forfeitures at the time of grant and adjusts, if necessary, in subsequent periods based on historical experience and expected future termination rates.

The tax benefit associated with recognized share-based compensation expense was $20 million for 2018, $23 million for 2017 and $32 million for 2016.

Segment Information

12 Months Ended

Feb. 02, 2019

Segment Information [Abstract]

Segment Information

The Company has three reportable segments: Victoria’s Secret, Bath & Body Works and Victoria's Secret and Bath & Body Works International.

The Victoria’s Secret segment sells women’s intimate and other apparel, personal care and beauty products under the Victoria’s Secret and PINK brand names. Victoria’s Secret merchandise is sold online and through retail stores located in the U.S. and Canada.

The Bath & Body Works segment sells body care, home fragrance products, soaps and sanitizers under the Bath & Body Works, White Barn, C.O. Bigelow and other brand names. Bath & Body Works merchandise is sold online and at retail stores located in the U.S. and Canada.

The Victoria's Secret and Bath & Body Works International segment includes the Victoria's Secret and Bath & Body Works company-owned and partner-operated stores located outside of the U.S. and Canada, as well as the online business in Greater China. This segment includes the following:


•	Victoria's Secret International, comprised of company-owned stores in the U.K., Ireland and Greater China, as well as stores operated by partners under franchise and license arrangements;


•	Victoria's Secret Beauty and Accessories, comprised of company-owned stores in Greater China, as well as stores operated by partners under franchise, license and wholesale arrangements, which feature Victoria's Secret branded beauty and accessories products in travel retail and other locations; and


•	Bath & Body Works International stores operated by partners under franchise, license and wholesale arrangements.

Other consists of the following:


•	Mast Global, a merchandise sourcing and production function serving the Company and its international partners;


•	La Senza, which sold women's intimate apparel online and through company-owned stores located in Canada and the U.S., as well as stores operated by partners under franchise and license arrangements;


•	Henri Bendel, which sold handbags, jewelry and other accessory products online and through company-owned stores; and


•	Corporate functions including non-core real estate, equity investments and other governance functions such as treasury and tax.

In January 2019, the Company completed the sale of the La Senza business and closed all of its Henri Bendel stores and the website. For additional information, see Note 6, "Restructuring Activities."

The following table provides the Company’s segment information as of and for the fiscal years ended February 2, 2019, February 3, 2018 and January 28, 2017:



	Victoria’s Secret		Bath & Body Works		Victoria’s Secret and Bath & Body Works International			Other			Total
	(in millions)
February 2, 2019
Net Sales	$	7,375	$	4,631	$	605		$	626		$	13,237
Depreciation and Amortization	280		121		43			103			547
Operating Income (Loss) (a)	462		1,077		(37		)	(265		)	1,237
Total Assets (b)	3,129		1,898		842			2,221			8,090
Capital Expenditures	150		242		97			140			629
February 3, 2018
Net Sales	$	7,387	$	4,148	$	502		$	595		$	12,632
Depreciation and Amortization	279		101		30			114			524
Operating Income (Loss)	932		953		5			(162		)	1,728
Total Assets (b)	3,369		1,753		800			2,227			8,149
Capital Expenditures	270		232		111			94			707
January 28, 2017
Net Sales	$	7,781	$	3,852	$	423		$	518		$	12,574
Depreciation and Amortization	252		91		17			112			472
Operating Income (Loss)	1,173		907		40			(117		)	2,003
Total Assets (b)	3,285		1,632		593			2,660			8,170
Capital Expenditures	460		250		68			212			990

________________


(a)	Victoria's Secret and Victoria's Secret and Bath & Body Works International includes long-lived store asset impairment charges of $70 million and $31 million, respectively, and Other includes a loss on sale of La Senza of $99 million and Henri Bendel closures costs of $23 million. For additional information see Note 6, “Restructuring Activities" and Note 8, “Property and Equipment, Net."


(b)	Assets are allocated to the operating segments based on decision making authority relevant to the applicable assets.

The Company’s international net sales include sales from company-owned stores, royalty revenue from franchise and license arrangements, wholesale revenues and direct sales shipped internationally. Certain of these sales are subject to the impact of fluctuations in foreign currency. The Company's international net sales across all segments totaled $1.683 billion in 2018, $1.553 billion in 2017 and $1.408 billion in 2016. The Company’s internationally based long-lived assets were $454 million as of February 2, 2019 and $451 million as of February 3, 2018.

Supplemental Guarantor Financial Information

12 Months Ended

Feb. 02, 2019

Supplemental Guarantor Financial Information [Abstract]

Schedule Of Supplemental Guarantor Financial Information [Text Block]

Supplemental Guarantor Financial Information

The Company’s 2020 Notes, 2021 Notes, 2022 Notes, 2023 Notes, 2027 Notes, 2028 Notes, 2035 Notes, 2036 Notes, Secured Revolving Facility and Secured Foreign Facilities are jointly and severally guaranteed on a full and unconditional basis by the Guarantors. The Company is a holding company, and its most significant assets are the stock of its subsidiaries. The Guarantors represent: (a) substantially all of the sales of the Company’s domestic subsidiaries, (b) more than 90% of the assets owned by the Company’s domestic subsidiaries, other than real property, certain other assets and intercompany investments and balances, and (c) more than 95% of the accounts receivable and inventory directly owned by the Company’s domestic subsidiaries.

The following supplemental financial information sets forth for the Company and its guarantor and non-guarantor subsidiaries: the Condensed Consolidating Balance Sheets as of February 2, 2019 and February 3, 2018 and the Condensed Consolidating Statements of Income, Comprehensive Income and Cash Flows for the years ended February 2, 2019, February 3, 2018 and January 28, 2017.

L BRANDS, INC.

CONDENSED CONSOLIDATING BALANCE SHEET

(in millions)



	February 2, 2019
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries		Eliminations			Consolidated L Brands, Inc.
ASSETS
Current Assets:
Cash and Cash Equivalents	$	—		$	997		$	416	$	—		$	1,413
Accounts Receivable, Net	—			241			126		—			367
Inventories	—			1,093			155		—			1,248
Other	—			139			93		—			232
Total Current Assets	—			2,470			790		—			3,260
Property and Equipment, Net	—			1,922			896		—			2,818
Goodwill	—			1,318			30		—			1,348
Trade Names	—			411			—		—			411
Net Investments in and Advances to/from Consolidated Affiliates	4,755			19,737			2,047		(26,539		)	—
Deferred Income Taxes	—			9			53		—			62
Other Assets	127			15			670		(621		)	191
Total Assets	$	4,882		$	25,882		$	4,486	$	(27,160	)	$	8,090
LIABILITIES AND EQUITY (DEFICIT)
Current Liabilities:
Accounts Payable	$	—		$	363		$	348	$	—		$	711
Accrued Expenses and Other	92			597			393		—			1,082
Current Debt	—			—			72		—			72
Income Taxes	(7		)	100			28		—			121
Total Current Liabilities	85			1,060			841		—			1,986
Deferred Income Taxes	1			(44		)	269		—			226
Long-term Debt	5,661			606			79		(607		)	5,739
Other Long-term Liabilities	59			852			107		(14		)	1,004
Total Equity (Deficit)	(924		)	23,408			3,190		(26,539		)	(865		)
Total Liabilities and Equity (Deficit)	$	4,882		$	25,882		$	4,486	$	(27,160	)	$	8,090

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	4,973			18,298			2,106		(25,377		)	—
Deferred Income Taxes	—			10			4		—			14
Other Assets	129			18			654		(611		)	190
Total Assets	$	5,102		$	24,616		$	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	64			774			100		(14		)	924
Total Equity (Deficit)	(775		)	22,239			3,162		(25,377		)	(751		)
Total Liabilities and Equity (Deficit)	$	5,102		$	24,616		$	4,419	$	(25,988	)	$	8,149

L BRANDS, INC.

CONDENSED CONSOLIDATING STATEMENT OF INCOME

(in millions)



	2018
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated L Brands, Inc.
Net Sales	$	—		$	12,467		$	3,780		$	(3,010	)	$	13,237
Costs of Goods Sold, Buying and Occupancy	—			(8,015		)	(2,996		)	2,673			(8,338		)
Gross Profit	—			4,452			784			(337		)	4,899
General, Administrative and Store Operating Expenses	(9		)	(3,304		)	(482		)	232			(3,563		)
Loss on Divestiture of La Senza	—			(24		)	(75		)	—			(99		)
Operating Income (Loss)	(9		)	1,124			227			(105		)	1,237
Interest Expense	(379		)	(108		)	(6		)	108			(385		)
Other Income (Loss)	—			13			(8		)	—			5
Income (Loss) Before Income Taxes	(388		)	1,029			213			3			857
Provision (Benefit) for Income Taxes	12			100			101			—			213
Equity in Earnings, Net of Tax	1,044			169			353			(1,566		)	—
Net Income (Loss)	$	644		$	1,098		$	465		$	(1,563	)	$	644

L BRANDS, INC.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

(in millions)



	2018
	L Brands, Inc.		Guarantor Subsidiaries		Non-guarantor Subsidiaries			Eliminations			Consolidated L Brands, Inc.
Net Income (Loss)	$	644	$	1,098	$	465		$	(1,563	)	$	644
Other Comprehensive Income (Loss), Net of Tax:
Foreign Currency Translation	—		—		(20		)	—			(20		)
Reclassification of Foreign Currency Translation to Earnings	—		—		45			—			45
Unrealized Gain (Loss) on Cash Flow Hedges	—		—		10			—			10
Reclassification of Cash Flow Hedges to Earnings	—		—		2			—			2
Total Other Comprehensive Income (Loss), Net of Tax	—		—		37			—			37
Total Comprehensive Income (Loss)	$	644	$	1,098	$	502		$	(1,563	)	$	681

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 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 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 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 CASH FLOWS

(in millions)



	2018
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated L Brands, Inc.
Net Cash Provided by (Used for) Operating Activities	$	(424	)	$	1,541		$	260		$	—		$	1,377
Investing Activities:
Capital Expenditures	—			(398		)	(231		)	—			(629		)
Return of Capital from Easton Investments	—			—			16			—			16
Net Investments in Consolidated Affiliates	—			—			(21		)	21			—
Other Investing Activities	—			4			—			—			4
Net Cash Provided by (Used for) Investing Activities	—			(394		)	(236		)	21			(609		)
Financing Activities:
Payment of Long-term Debt	(52		)	—			—			—			(52		)
Borrowings from Secured Revolving Facility	92			—			—			—			92
Repayments of Secured Revolving Facility	(92		)	—			—			—			(92		)
Borrowings from Foreign Facilities	—			—			172			—			172
Repayments of Foreign Facilities	—			—			(109		)	—			(109		)
Dividends Paid	(666		)	—			—			—			(666		)
Repurchases of Common Stock	(198		)	—			—			—			(198		)
Tax Payments related to Share-based Awards	(13		)	—			—			—			(13		)
Net Financing Activities and Advances to/from Consolidated Affiliates	1,355			(1,310		)	(24		)	(21		)	—
Proceeds from Exercise of Stock Options	1			—			—			—			1
Financing Costs and Other	(3		)	(4		)	—			—			(7		)
Net Cash Provided by (Used for) Financing Activities	424			(1,314		)	39			(21		)	(872		)
Effects of Exchange Rate Changes on Cash	—			—			2			—			2
Net Increase (Decrease) in Cash and Cash Equivalents	—			(167		)	65			—			(102		)
Cash and Cash Equivalents, Beginning of Year	—			1,164			351			—			1,515
Cash and Cash Equivalents, End of Year	$	—		$	997		$	416		$	—		$	1,413

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	$	(401	)	$	1,353		$	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	1,577			(1,252		)	(325		)	—		—
Proceeds from Exercise of Stock Options	38			—			—			—		38
Financing Costs and Other	(5		)	(3		)	—			—		(8		)
Net Cash Provided by (Used for) Financing Activities	401			(1,255		)	(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
Financing Costs and Other	—			(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

Revenue Recognition (Notes)

12 Months Ended

Feb. 02, 2019

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

Revenue Recognition

Accounts receivable, net from revenue-generating activities were $150 million as of February 2, 2019 and $144 million as of the beginning of the period upon adoption of the new standard. Accounts receivable primarily relate to amounts due from the Company's franchise, license and wholesale partners. Under these arrangements, payment terms are typically 60 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 and private label credit card programs and direct channel shipments, which are all impacted by seasonal and holiday-related sales patterns. The balance of deferred revenue was $331 million as of February 2, 2019 and $320 million as of the beginning of the period upon adoption of the new standard. The Company recognized $224 million as revenue in 2018 from amounts recorded as deferred revenue at the beginning of the period. The Company's deferred revenue balance would have been $287 million as of February 2, 2019 under accounting standards in effect prior to the adoption of the new standard. As of February 2, 2019, the Company recorded deferred revenues of $316 million within Accrued Expenses and Other, and $15 million within Other Long-term Liabilities on the Consolidated Balance Sheet.

The following table provides a disaggregation of Net Sales for 2018, 2017 and 2016:



	2018		2017 (a)(b)		2016 (a)
	(in millions)
Victoria’s Secret Stores (c)	$	5,628	$	5,879	$	6,199
Victoria’s Secret Direct	1,747		1,508		1,582
Victoria’s Secret North America	7,375		7,387		7,781
Bath & Body Works Stores (c)	3,907		3,589		3,400
Bath & Body Works Direct	724		559		452
Bath & Body Works North America	4,631		4,148		3,852
Victoria's Secret and Bath & Body Works International (d)	605		502		423
Other (e)	626		595		518
Total Net Sales	$	13,237	$	12,632	$	12,574

_______________


(a)	2017 and 2016 amounts have not been adjusted under the modified retrospective approach.


(b)	2017 represents a 53-week fiscal year.


(c)	Includes company-owned stores in the U.S. and Canada.


(d)	Includes company-owned stores in the U.K., Ireland and Greater China, direct sales in Greater China and wholesale sales, royalties and other fees associated with non-company owned stores.


(e)	Includes wholesale revenues from the Company's sourcing function, Henri Bendel store and direct sales, and La Senza store and direct sales prior to January 6, 2019.

Description of Business and Summary of Significant Accounting Policies (Policies)

12 Months Ended

Feb. 02, 2019

Description of Business


•	Victoria’s Secret


•	PINK


•	Bath & Body Works

Fiscal Year

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.

La Senza

On January 6, 2019, the Company completed the sale of the La Senza business. For additional information, see Note 6, "Restructuring Activities."

Policy on consolidation of sales to equity investments

Cash and Cash Equivalents

Concentration of Credit Risk

Marketable Securities, Securities, Policy [Policy Text Block]

Marketable Equity Securities

Inventories

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

Advertising Costs

Property and Equipment

The Company’s property and equipment are recorded at cost and depreciation is computed on a straight-line basis using the following depreciable life ranges:



Category of Property and Equipment		Depreciable Life Range
Software, including software developed for internal use		3 - 7 years
Store related assets		3 - 10 years
Leasehold improvements		Shorter of lease term or 10 years
Non-store related building and site improvements		10 - 15 years
Other property and equipment		20 years
Buildings		30 years

Goodwill and Intangible Assets

If future economic conditions are different than those projected by management, future impairment charges may be required.

Leases and Leasehold Improvements

For information regarding the future impacts as a result of the Company's adoption of ASC 842, Leases, in the first quarter of 2019, refer to Note 2, "New Accounting Pronouncements."

Derivative Financial Instruments

Fair Value


•	Level 1—Quoted market prices in active markets for identical assets or liabilities.


•	Level 2—Observable inputs other than quoted market prices included in Level 1, such as quoted prices of similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.


•	Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.

The Company estimates the fair value of financial instruments, property and equipment and goodwill and intangible assets in accordance with the provisions of ASC 820.

Income Taxes

Self Insurance

Self-Insurance

Noncontrolling Interest [Policy Text Block]

Noncontrolling Interest

Noncontrolling interest represents the portion of equity interests of consolidated affiliates not owned by the Company.

Share-based Compensation

Revenue Recognition

General, Administrative and Store Operating Expenses

Use of Estimates in the Preparation of Financial Statements Policy

Use of Estimates in the Preparation of Financial Statements

Description of Business and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Feb. 02, 2019

Depreciable Life Range of Property Plant and Equipment

The Company’s property and equipment are recorded at cost and depreciation is computed on a straight-line basis using the following depreciable life ranges:



Category of Property and Equipment		Depreciable Life Range
Software, including software developed for internal use		3 - 7 years
Store related assets		3 - 10 years
Leasehold improvements		Shorter of lease term or 10 years
Non-store related building and site improvements		10 - 15 years
Other property and equipment		20 years
Buildings		30 years

Earnings Per Share (Tables)

12 Months Ended

Feb. 02, 2019

Earnings Per Share [Abstract]

Earnings Per Share Computation

The following table provides shares utilized for the calculation of basic and diluted earnings per share for 2018, 2017 and 2016:



	2018		2017 (a)		2016
	(in millions)
Weighted-average Common Shares:
Issued Shares	283		308		314
Treasury Shares	(7	)	(24	)	(27	)
Basic Shares	276		284		287
Effect of Dilutive Options and Restricted Stock	3		3		4
Diluted Shares	279		287		291
Anti-dilutive Options and Awards (b)	5		4		2

________________


(a)	In November 2017, the Company retired 36 million shares of its Treasury Stock.


(b)	These options and awards were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

Acquisition Acquisition (Tables)

12 Months Ended

Feb. 02, 2019

Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The allocation of the purchase price to the fair value of assets acquired and liabilities assumed is as follows:



	(in millions)
Cash and Cash Equivalents	$	1
Inventories	3
Property and Equipment	10
Goodwill	30
Other Assets	3
Current Liabilities	(3		)
Net Assets Acquired	$	44
Forgiveness of Liabilities Owed to the Company	(10		)
Consideration Paid	$	34

Inventories (Tables)

12 Months Ended

Feb. 02, 2019

Summary of inventories

The following table provides details of inventories as of February 2, 2019 and February 3, 2018:



	February 2, 2019		February 3, 2018
	(in millions)
Finished Goods Merchandise	$	1,107	$	1,121
Raw Materials and Merchandise Components	141		119
Total Inventories	$	1,248	$	1,240

Property and Equipment, Net (Tables)

12 Months Ended

Feb. 02, 2019

Property, Plant and Equipment, Net

The following table provides details of property and equipment, net as of February 2, 2019 and February 3, 2018:



	February 2, 2019			February 3, 2018
	(in millions)
Land and Improvements	$	116		$	116
Buildings and Improvements	492			484
Furniture, Fixtures, Software and Equipment	3,725			3,757
Leasehold Improvements	2,277			2,251
Construction in Progress	123			79
Total	6,733			6,687
Accumulated Depreciation and Amortization	(3,915		)	(3,794		)
Property and Equipment, Net	$	2,818		$	2,893

Goodwill, Trade Names and Other Intangible Assets, Net (Tables)

12 Months Ended

Feb. 02, 2019

Acquired Indefinite-lived Intangible Assets [Line Items]

Schedule of Indefinite-Lived Intangible Assets [Table Text Block]

The following table provides additional detail regarding the composition of trade names as of February 2, 2019 and February 3, 2018:



	February 2, 2019		February 3, 2018
	(in millions)
Victoria's Secret	$	246	$	246
Bath & Body Works	165		165
Trade Names	$	411	$	411

Schedule of Goodwill

The following table provides detail regarding the composition of goodwill for the fiscal years ended February 2, 2019 and February 3, 2018:



	February 2, 2019		February 3, 2018
	(in millions)
Victoria's Secret	$	690	$	690
Bath & Body Works	628		628
Victoria's Secret and Bath & Body Works International	30		30
Goodwill	$	1,348	$	1,348

Accrued Expenses and Other (Tables)

12 Months Ended

Feb. 02, 2019

Accrued Liabilities, Current [Abstract]

Schedule of Accrued Liabilities [Table Text Block]

The following table provides additional information about the composition of accrued expenses and other as of February 2, 2019 and February 3, 2018:



	February 2, 2019		February 3, 2018
	(in millions)
Deferred Revenue, Principally from Gift Card Sales (a)	$	316	$	267
Compensation, Payroll Taxes and Benefits	215		196
Taxes, Other than Income	78		102
Interest	92		101
Rent	39		43
Accrued Claims on Self-insured Activities	45		37
Returns Reserve (a)	27		20
Other	270		263
Total Accrued Expenses and Other	$	1,082	$	1,029

_______________


(a)	The Company adopted ASC 606, Revenue from Contracts with Customers, under the modified retrospective approach. As such, balances as of February 3, 2018 have not been adjusted.

Income Taxes (Tables)

12 Months Ended

Feb. 02, 2019

Income Tax Disclosure [Abstract]

Provision for Income Taxes

The following table provides the components of the Company’s provision for income taxes for fiscal 2018, 2017 and 2016:



	2018			2017			2016
	(in millions)
Current:
U.S. Federal	$	212		$	366		$	345
U.S. State	37			49			62
Non-U.S.	16			22			21
Total	265			437			428
Deferred:
U.S. Federal	(4		)	(114		)	99
U.S. State	2			6			8
Non-U.S.	(50		)	—			3
Total	(52		)	(108		)	110
Provision for Income Taxes	$	213		$	329		$	538

Reconciliation of the Statutory Federal Income Tax Rate and the Effective Tax Rate

The following table provides the reconciliation between the statutory federal income tax rate and the effective tax rate for fiscal 2018, 2017 and 2016:



	2018		2017		2016
Federal Income Tax Rate	21.0	%	33.7	%	35.0	%
State Income Taxes, Net of Federal Income Tax Effect	6.0	%	3.6	%	3.4	%
Impact of Non-U.S. Operations	0.8	%	(1.5	%)	(1.2	%)
Divestiture of La Senza	(2.7	%)	—	%	—	%
U.S. Net Deferred Tax Liability Remeasurement	—	%	(12.1	%)	—	%
Deemed Mandatory Repatriation	—	%	5.1	%	—	%
Share-Based Compensation	1.0	%	(1.0	%)	—	%
Uncertain Tax Positions	(0.5	%)	(1.2	%)	(4.1	%)
Other Items, Net	(0.7	%)	(1.5	%)	(1.4	%)
Effective Tax Rate	24.9	%	25.1	%	31.7	%

Effect of Temporary Differences that Cause Deferred Income Taxes



	February 2, 2019									February 3, 2018
	Assets			Liabilities			Total			Assets			Liabilities			Total
	(in millions)
Operating Loss Carryforwards	$	217		$	—		$	217		$	202		$	—		$	202
Non-qualified Retirement Plan	64			—			64			62			—			62
Leases	50			—			50			47			—			47
Share-based Compensation	47			—			47			46			—			46
Deferred Revenue	28			—			28			15			—			15
Property and Equipment	—			(278		)	(278		)	—			(266		)	(266		)
Trade Names and Other Intangibles	—			(93		)	(93		)	—			(91		)	(91		)
Other Assets	—			(60		)	(60		)	—			(60		)	(60		)
Other, Net	60			(27		)	33			57			(24		)	33
Valuation Allowance	(172		)	—			(172		)	(212		)	—			(212		)
Total Deferred Income Taxes	$	294		$	(458	)	$	(164	)	$	217		$	(441	)	$	(224	)



	2018			2017			2016
	(in millions)
Gross Unrecognized Tax Benefits, as of the Beginning of the Fiscal Year	$	67		$	90		$	248
Increases to Unrecognized Tax Benefits for Prior Years	35			3			3
Decreases to Unrecognized Tax Benefits for Prior Years	(25		)	(22		)	(73		)
Increases to Unrecognized Tax Benefits as a Result of Current Year Activity	44			7			18
Decreases to Unrecognized Tax Benefits Relating to Settlements with Taxing Authorities	—			(2		)	(98		)
Decreases to Unrecognized Tax Benefits as a Result of a Lapse of the Applicable Statute of Limitations	(7		)	(9		)	(8		)
Gross Unrecognized Tax Benefits, as of the End of the Fiscal Year	$	114		$	67		$	90

Long-term Debt (Tables)

12 Months Ended

Feb. 02, 2019

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

Schedule of Long-term Debt Instruments [Table Text Block]

The following table provides the Company’s outstanding debt balance, net of unamortized debt issuance costs and discounts, as of February 2, 2019 and February 3, 2018:



	February 2, 2019			February 3, 2018
	(in millions)
Senior Debt with Subsidiary Guarantee
$1 billion, 6.875% Fixed Interest Rate Notes due November 2035 (“2035 Notes”)	$	990		$	990
$956 million, 5.625% Fixed Interest Rate Notes due February 2022 (“2022 Notes”)	952			994
$780 million, 6.625% Fixed Interest Rate Notes due April 2021 (“2021 Notes”)	776			994
$700 million, 6.75% Fixed Interest Rate Notes due July 2036 (“2036 Notes”)	693			693
$500 million, 5.625% Fixed Interest Rate Notes due October 2023 (“2023 Notes”)	498			497
$500 million, 5.25% Fixed Interest Rate Notes due February 2028 (“2028 Notes”)	496			495
$338 million, 7.00% Fixed Interest Rate Notes due May 2020 (“2020 Notes”)	337			398
$297 million, 6.694% Fixed Interest Rate Notes due January 2027 ("2027 Notes")	273			—
Secured Foreign Facilities	91			1
Total Senior Debt with Subsidiary Guarantee	$	5,106		$	5,062
Senior Debt
$350 million, 6.95% Fixed Interest Rate Debentures due March 2033 (“2033 Notes”)	$	348		$	348
$300 million, 7.60% Fixed Interest Rate Notes due July 2037 (“2037 Notes”)	297			297
Unsecured Foreign Facilities	60			87
Total Senior Debt	$	705		$	732
Total	$	5,811		$	5,794
Current Debt	(72		)	(87		)
Total Long-term Debt, Net of Current Portion	$	5,739		$	5,707

Schedule of Principal Payments due on Long-term Debt [Text Block]

The following table provides principal payments due on outstanding debt in the next five fiscal years and the remaining years thereafter:



Fiscal Year (in millions)
2019	$	72
2020	347
2021	789
2022	1,018
2023	500
Thereafter	$	3,147

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644

+ Details

Derivative Instruments (Tables) - Foreign Exchange Contract [Member]

12 Months Ended

Feb. 02, 2019

The following table provides the U.S. dollar notional amount of outstanding foreign currency derivative financial instruments as of February 2, 2019 and February 3, 2018:



	February 2, 2019		February 3, 2018
	(in millions)
Notional Amount	$	147	$	217

Cash Flow Hedging [Member]

Schedule of Derivative Instruments in Statement of Financial Position



	February 2, 2019		February 3, 2018
	(in millions)
Other Current Assets	$	2	$	—
Accrued Expenses and Other	—		8
Other Long-term Liabilities	—		1

Schedule of Derivative Instruments in Statement of Financial Performance



	2018		2017
	(in millions)
Gain (Loss) Recognized in Accumulated Other Comprehensive Income	$	11	$	(21	)
(Gain) Loss Reclassified from Accumulated Other Comprehensive Income into Costs of Goods Sold, Buying and Occupancy Expense (a)	2		(1		)
(Gain) Loss Reclassified from Accumulated Other Comprehensive Income into Other Income (Loss) (b)	—		8

________________


(a)	Represents reclassification of amounts from accumulated other comprehensive income to earnings when the hedged merchandise is sold to the customer. No ineffectiveness was associated with these foreign currency cash flow hedges.


(b)	Represents reclassification of amounts from accumulated other comprehensive income to earnings to completely offset foreign currency transaction gains and losses recognized on the intercompany loan.

Fair Value Measurements (Tables)

12 Months Ended

Feb. 02, 2019

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 outstanding publicly traded debt as of February 2, 2019 and February 3, 2018:



	February 2, 2019		February 3, 2018
	(in millions)
Principal Value	$	5,722	$	5,750
Fair Value (a)	5,340		5,943

________________


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

Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table provides a summary of assets and liabilities measured in the consolidated financial statements at fair value on a recurring basis as of February 2, 2019 and February 3, 2018:



	Level 1		Level 2		Level 3		Total
	(in millions)
As of February 2, 2019
Assets:
Cash and Cash Equivalents	$	1,413	$	—	$	—	$	1,413
Marketable Equity Securities	11		—		—		11
Foreign Currency Cash Flow Hedges	—		2		—		2
As of February 3, 2018
Assets:
Cash and Cash Equivalents	$	1,515	$	—	$	—	$	1,515
Marketable Equity Securities	17		—		—		17
Liabilities:
Foreign Currency Cash Flow Hedges	—		9		—		9

Comprehensive Income (Loss) (Tables)

12 Months Ended

Feb. 02, 2019

Comprehensive Income Loss

Components of Accumulated Other Comprehensive Income (Loss)

The following table provides the rollforward of accumulated other comprehensive income for 2018:



	Foreign Currency Translation			Cash Flow Hedges			Marketable Equity Securities			Accumulated Other Comprehensive Income
	(in millions)
Balance as of February 3, 2018	$	32		$	(10	)	$	2		$	24
Amount reclassified to Retained Earnings upon adoption of ASC 321	—			—			(2		)	(2		)
Balance as of February 4, 2018	32			(10		)	—			22
Other Comprehensive Income (Loss) Before Reclassifications	(20		)	11			—			(9		)
Amounts Reclassified from Accumulated Other Comprehensive Income	45			2			—			47
Tax Effect	—			(1		)	—			(1		)
Current-period Other Comprehensive Income	25			12			—			37
Balance as of February 2, 2019	$	57		$	2		$	—		$	59

The following table provides the rollforward of accumulated other comprehensive income for 2017:



	Foreign Currency Translation		Cash Flow Hedges			Marketable Equity Securities		Accumulated Other Comprehensive Income
	(in millions)
Balance as of January 28, 2017	$	9	$	3		$	—	$	12
Other Comprehensive Income (Loss) Before Reclassifications	23		(21		)	2		4
Amounts Reclassified from Accumulated Other Comprehensive Income	—		7			—		7
Tax Effect	—		1			—		1
Current-period Other Comprehensive Income (Loss)	23		(13		)	2		12
Balance as of February 3, 2018	$	32	$	(10	)	$	2	$	24

Reclassification out of Accumulated Other Comprehensive Income



Location on Consolidated Statements of Income	(Gain) Loss Reclassified from Accumulated Other Comprehensive Income
	2018		2017
	(in millions)
Costs of Goods Sold, Buying and Occupancy	$	2	$	(1	)
Other Income (Loss)	—		8
Provision for Income Taxes	—		—
Net Income	$	2	$	7

Leases (Tables)

12 Months Ended

Feb. 02, 2019

Leases [Abstract]

Remaining noncancelable lease term, minimum (in years)

Remaining noncancelable lease term, maximum (in years)

Leases Rent Expenses

The following table provides rent expense for 2018, 2017 and 2016:



	2018			2017			2016
	(in millions)
Store Rent:
Fixed Minimum	$	663		$	642		$	607
Contingent	72			67			71
Total Store Rent	735			709			678
Office, Equipment and Other	98			94			87
Gross Rent Expense	833			803			765
Sublease Rental Income	(2		)	(2		)	(2		)
Total Rent Expense	$	831		$	801		$	763

Minimum Rent Commitments Operating Leases

The following table provides the Company’s minimum rent commitments under noncancelable operating leases in the next five fiscal years and the remaining years thereafter:



Fiscal Year (in millions) (a)
2019	$	698
2020	676
2021	630
2022	562
2023	504
Thereafter	$	1,738

________________


(a)	Excludes additional payments covering taxes, common area costs and certain other expenses generally required by store lease terms.

Retirement Benefits (Tables)

12 Months Ended

Feb. 02, 2019

Retirement Benefits [Abstract]

Annual activity for the non-qualified plan and year-end liability



	February 2, 2019			February 3, 2018
	(in millions)
Balance at Beginning of Year	$	269		$	258
Contributions:
Associate	10			9
Company	11			9
Interest	13			11
Distributions	(25		)	(18		)
Balance at End of Year	$	278		$	269

Shareholders' Equity (Deficit) (Tables)

12 Months Ended

Feb. 02, 2019

Stockholders' Equity Note [Abstract]

Schedule of Company's repurchase program

Under the authority of the Company’s Board of Directors, the Company repurchased shares of its common stock under the following repurchase programs for fiscal 2018, 2017 and 2016:



			Shares Repurchased			Amount Repurchased						Average Stock Price of Shares Repurchased within Program
Repurchase Program	Amount Authorized		2018	2017	2016	2018		2017		2016		Average Stock Price of Shares Repurchased within Program
	(in millions)		(in thousands)			(in millions)
March 2018	$	250	4,852	NA	NA	$	171	NA		NA		$	35.29
September 2017	250		527	3,858	NA	25		$	202	NA		$	51.72
February 2017	250		NA	5,500	NA	NA		240		NA		$	43.57
February 2016	500		NA	51	5,719	NA		3		$	438	$	76.47
Total			5,379	9,409	5,719	$	196	$	445	$	438

Schedule Of Dividends Paid

Under the authority and declaration of the Board of Directors, the Company paid the following dividends during fiscal 2018, 2017 and 2016:



	Ordinary Dividends		Special Dividends		Total Dividends		Total Paid
	(per share)						(in millions)
2018
Fourth Quarter	$	0.60	$	—	$	0.60	$	166
Third Quarter	0.60		—		0.60		165
Second Quarter	0.60		—		0.60		167
First Quarter	0.60		—		0.60		168
2018 Total	$	2.40	$	—	$	2.40	$	666
2017
Fourth Quarter	$	0.60	$	—	$	0.60	$	170
Third Quarter	0.60		—		0.60		172
Second Quarter	0.60		—		0.60		172
First Quarter	0.60		—		0.60		172
2017 Total	$	2.40	$	—	$	2.40	$	686
2016
Fourth Quarter	$	0.60	$	—	$	0.60	$	172
Third Quarter	0.60		—		0.60		173
Second Quarter	0.60		—		0.60		173
First Quarter	0.60		2.00		2.60		750
2016 Total	$	2.40	$	2.00	$	4.40	$	1,268

Share-based Compensation (Tables)

12 Months Ended

Feb. 02, 2019

Share-based Compensation [Abstract]

Stock Option Activity

The following table provides the Company’s stock option activity for the fiscal year ended February 2, 2019:



	Number of Shares		Weighted Average Option Price Per Share		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
	(in thousands)				(in years)	(in thousands)
Outstanding as of February 3, 2018	4,472		$	57.03
Granted	1,438		39.06
Exercised	(84	)	14.52
Cancelled	(534	)	53.72
Outstanding as of February 2, 2019	5,292		$	53.14	6.48	$	3,384
Vested and Expected to Vest as of February 2, 2019 (a)	5,124		53.44		6.40	3,384
Options Exercisable as of February 2, 2019	2,759		55.11		4.76	3,384

________________


(a)	The number of options expected to vest includes an estimate of expected forfeitures.

Weighted-Average Assumptions

The following table contains the weighted-average assumptions used during 2018, 2017 and 2016:



	2018		2017		2016
Expected Volatility	36	%	28	%	25	%
Risk-free Interest Rate	2.5	%	1.5	%	1.1	%
Dividend Yield	5.8	%	5.1	%	3.3	%
Expected Life (in years)	2.9		3.0		4.1

Restricted Stock Activity

The following table provides the Company’s restricted stock activity for the fiscal year ended February 2, 2019:



	Number of Shares		Weighted Average Grant Date Fair Value
	(in thousands)
Unvested as of February 3, 2018	5,699		$	57.97
Granted	2,938		30.43
Vested	(1,255	)	68.38
Cancelled	(693	)	44.61
Unvested as of February 2, 2019	6,689		$	45.29

Share-Based Compensation Expense

The following table provides share-based compensation expense included in the Consolidated Statements of Income for 2018, 2017 and 2016:



	2018		2017		2016
	(in millions)
Costs of Goods Sold, Buying and Occupancy	$	29	$	32	$	31
General, Administrative and Store Operating Expenses	68		70		65
Total Share-based Compensation Expense	$	97	$	102	$	96

Segment Information (Tables)

12 Months Ended

Feb. 02, 2019

Segment Information [Abstract]

Schedule of Segment Reporting Information

The following table provides the Company’s segment information as of and for the fiscal years ended February 2, 2019, February 3, 2018 and January 28, 2017:



	Victoria’s Secret		Bath & Body Works		Victoria’s Secret and Bath & Body Works International			Other			Total
	(in millions)
February 2, 2019
Net Sales	$	7,375	$	4,631	$	605		$	626		$	13,237
Depreciation and Amortization	280		121		43			103			547
Operating Income (Loss) (a)	462		1,077		(37		)	(265		)	1,237
Total Assets (b)	3,129		1,898		842			2,221			8,090
Capital Expenditures	150		242		97			140			629
February 3, 2018
Net Sales	$	7,387	$	4,148	$	502		$	595		$	12,632
Depreciation and Amortization	279		101		30			114			524
Operating Income (Loss)	932		953		5			(162		)	1,728
Total Assets (b)	3,369		1,753		800			2,227			8,149
Capital Expenditures	270		232		111			94			707
January 28, 2017
Net Sales	$	7,781	$	3,852	$	423		$	518		$	12,574
Depreciation and Amortization	252		91		17			112			472
Operating Income (Loss)	1,173		907		40			(117		)	2,003
Total Assets (b)	3,285		1,632		593			2,660			8,170
Capital Expenditures	460		250		68			212			990

________________


(a)	Victoria's Secret and Victoria's Secret and Bath & Body Works International includes long-lived store asset impairment charges of $70 million and $31 million, respectively, and Other includes a loss on sale of La Senza of $99 million and Henri Bendel closures costs of $23 million. For additional information see Note 6, “Restructuring Activities" and Note 8, “Property and Equipment, Net."


(b)	Assets are allocated to the operating segments based on decision making authority relevant to the applicable assets.

Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Feb. 02, 2019

Quarterly Financial Data [Abstract]

Summarized Quarterly Financial Data

The following table provides summarized quarterly financial data for 2018:



	Fiscal Quarter Ended
	May 5, 2018		August 4, 2018		November 3, 2018 (a)(b)			February 2, 2019 (c)
	(in millions except per share data)
Net Sales	$	2,626	$	2,984	$	2,775		$	4,852
Gross Profit	944		1,059		928			1,968
Operating Income	155		228		54			800
Income (Loss) Before Income Taxes	59		129		(41		)	710
Net Income (Loss)	48		99		(43		)	540
Net Income (Loss) Per Basic Share (d)	$	0.17	$	0.36	$	(0.16	)	$	1.96
Net Income (Loss) Per Diluted Share (d)	$	0.17	$	0.36	$	(0.16	)	$	1.94

________________


(a)	Gross profit includes the effect of an $81 million charge ($73 million after-tax) related to the impairment of certain Victoria's Secret store assets.


(b)	Operating income includes the effect of $20 million ($15 million after-tax) of Henri Bendel closure costs.


(c)	Operating income includes the effect of a pre-tax loss of $99 million ($55 million after-tax) related to the divestiture of La Senza.


(d)	Due to changes in stock prices during the year and timing of issuances and repurchases of shares, the cumulative total of quarterly net income per share amounts may not equal the net income per share for the year.

The following table provides summarized quarterly financial data for 2017:



	Fiscal Quarter Ended
	April 29, 2017		July 29, 2017		October 28, 2017		February 3, 2018 (a)(b)(c)
	(in millions except per share data)
Net Sales	$	2,437	$	2,755	$	2,618	$	4,823
Gross Profit	903		1,028		989		2,040
Operating Income	209		301		232		987
Income Before Income Taxes	118		217		135		842
Net Income	94		139		86		664
Net Income Per Basic Share (d)	$	0.33	$	0.48	$	0.30	$	2.36
Net Income Per Diluted Share (d)	$	0.33	$	0.48	$	0.30	$	2.33

________________


(a)	Net income includes the effect of a pre-tax loss of $45 million ($29 million after-tax) associated with the early extinguishment of the 2019 Notes.


(b)	Includes the effect of a $92 million tax benefit related to changes in U.S. tax legislation.


(c)	The Company utilizes the retail calendar for reporting. As such, the results for fiscal 2017 represent the 53-week period ended February 3, 2018 and the fourth quarter consists of a 14-week period.


(d)	Due to changes in stock prices during the year and timing of issuances and repurchases of shares, the cumulative total of quarterly net income per share amounts may not equal the net income per share for the year.

Supplemental Guarantor Financial Information Supplemental Guarantor Financial Information (Tables)

12 Months Ended

Feb. 02, 2019

Supplemental Guarantor Financial Statements [Abstract]

Condensed Balance Sheet [Table Text Block]

L BRANDS, INC.

CONDENSED CONSOLIDATING BALANCE SHEET

(in millions)



	February 2, 2019
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries		Eliminations			Consolidated L Brands, Inc.
ASSETS
Current Assets:
Cash and Cash Equivalents	$	—		$	997		$	416	$	—		$	1,413
Accounts Receivable, Net	—			241			126		—			367
Inventories	—			1,093			155		—			1,248
Other	—			139			93		—			232
Total Current Assets	—			2,470			790		—			3,260
Property and Equipment, Net	—			1,922			896		—			2,818
Goodwill	—			1,318			30		—			1,348
Trade Names	—			411			—		—			411
Net Investments in and Advances to/from Consolidated Affiliates	4,755			19,737			2,047		(26,539		)	—
Deferred Income Taxes	—			9			53		—			62
Other Assets	127			15			670		(621		)	191
Total Assets	$	4,882		$	25,882		$	4,486	$	(27,160	)	$	8,090
LIABILITIES AND EQUITY (DEFICIT)
Current Liabilities:
Accounts Payable	$	—		$	363		$	348	$	—		$	711
Accrued Expenses and Other	92			597			393		—			1,082
Current Debt	—			—			72		—			72
Income Taxes	(7		)	100			28		—			121
Total Current Liabilities	85			1,060			841		—			1,986
Deferred Income Taxes	1			(44		)	269		—			226
Long-term Debt	5,661			606			79		(607		)	5,739
Other Long-term Liabilities	59			852			107		(14		)	1,004
Total Equity (Deficit)	(924		)	23,408			3,190		(26,539		)	(865		)
Total Liabilities and Equity (Deficit)	$	4,882		$	25,882		$	4,486	$	(27,160	)	$	8,090

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	4,973			18,298			2,106		(25,377		)	—
Deferred Income Taxes	—			10			4		—			14
Other Assets	129			18			654		(611		)	190
Total Assets	$	5,102		$	24,616		$	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	64			774			100		(14		)	924
Total Equity (Deficit)	(775		)	22,239			3,162		(25,377		)	(751		)
Total Liabilities and Equity (Deficit)	$	5,102		$	24,616		$	4,419	$	(25,988	)	$	8,149

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 (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)



	2018
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated L Brands, Inc.
Net Sales	$	—		$	12,467		$	3,780		$	(3,010	)	$	13,237
Costs of Goods Sold, Buying and Occupancy	—			(8,015		)	(2,996		)	2,673			(8,338		)
Gross Profit	—			4,452			784			(337		)	4,899
General, Administrative and Store Operating Expenses	(9		)	(3,304		)	(482		)	232			(3,563		)
Loss on Divestiture of La Senza	—			(24		)	(75		)	—			(99		)
Operating Income (Loss)	(9		)	1,124			227			(105		)	1,237
Interest Expense	(379		)	(108		)	(6		)	108			(385		)
Other Income (Loss)	—			13			(8		)	—			5
Income (Loss) Before Income Taxes	(388		)	1,029			213			3			857
Provision (Benefit) for Income Taxes	12			100			101			—			213
Equity in Earnings, Net of Tax	1,044			169			353			(1,566		)	—
Net Income (Loss)	$	644		$	1,098		$	465		$	(1,563	)	$	644

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

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)



	2018
	L Brands, Inc.		Guarantor Subsidiaries		Non-guarantor Subsidiaries			Eliminations			Consolidated L Brands, Inc.
Net Income (Loss)	$	644	$	1,098	$	465		$	(1,563	)	$	644
Other Comprehensive Income (Loss), Net of Tax:
Foreign Currency Translation	—		—		(20		)	—			(20		)
Reclassification of Foreign Currency Translation to Earnings	—		—		45			—			45
Unrealized Gain (Loss) on Cash Flow Hedges	—		—		10			—			10
Reclassification of Cash Flow Hedges to Earnings	—		—		2			—			2
Total Other Comprehensive Income (Loss), Net of Tax	—		—		37			—			37
Total Comprehensive Income (Loss)	$	644	$	1,098	$	502		$	(1,563	)	$	681

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

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	$	(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
Financing Costs and Other	—			(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)



	2017
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations		Consolidated L Brands, Inc.
Net Cash Provided by (Used for) Operating Activities	$	(401	)	$	1,353		$	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	1,577			(1,252		)	(325		)	—		—
Proceeds from Exercise of Stock Options	38			—			—			—		38
Financing Costs and Other	(5		)	(3		)	—			—		(8		)
Net Cash Provided by (Used for) Financing Activities	401			(1,255		)	(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)



	2018
	L Brands, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated L Brands, Inc.
Net Cash Provided by (Used for) Operating Activities	$	(424	)	$	1,541		$	260		$	—		$	1,377
Investing Activities:
Capital Expenditures	—			(398		)	(231		)	—			(629		)
Return of Capital from Easton Investments	—			—			16			—			16
Net Investments in Consolidated Affiliates	—			—			(21		)	21			—
Other Investing Activities	—			4			—			—			4
Net Cash Provided by (Used for) Investing Activities	—			(394		)	(236		)	21			(609		)
Financing Activities:
Payment of Long-term Debt	(52		)	—			—			—			(52		)
Borrowings from Secured Revolving Facility	92			—			—			—			92
Repayments of Secured Revolving Facility	(92		)	—			—			—			(92		)
Borrowings from Foreign Facilities	—			—			172			—			172
Repayments of Foreign Facilities	—			—			(109		)	—			(109		)
Dividends Paid	(666		)	—			—			—			(666		)
Repurchases of Common Stock	(198		)	—			—			—			(198		)
Tax Payments related to Share-based Awards	(13		)	—			—			—			(13		)
Net Financing Activities and Advances to/from Consolidated Affiliates	1,355			(1,310		)	(24		)	(21		)	—
Proceeds from Exercise of Stock Options	1			—			—			—			1
Financing Costs and Other	(3		)	(4		)	—			—			(7		)
Net Cash Provided by (Used for) Financing Activities	424			(1,314		)	39			(21		)	(872		)
Effects of Exchange Rate Changes on Cash	—			—			2			—			2
Net Increase (Decrease) in Cash and Cash Equivalents	—			(167		)	65			—			(102		)
Cash and Cash Equivalents, Beginning of Year	—			1,164			351			—			1,515
Cash and Cash Equivalents, End of Year	$	—		$	997		$	416		$	—		$	1,413

Revenue Recognition (Tables)

12 Months Ended

Feb. 02, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

The following table provides a disaggregation of Net Sales for 2018, 2017 and 2016:



	2018		2017 (a)(b)		2016 (a)
	(in millions)
Victoria’s Secret Stores (c)	$	5,628	$	5,879	$	6,199
Victoria’s Secret Direct	1,747		1,508		1,582
Victoria’s Secret North America	7,375		7,387		7,781
Bath & Body Works Stores (c)	3,907		3,589		3,400
Bath & Body Works Direct	724		559		452
Bath & Body Works North America	4,631		4,148		3,852
Victoria's Secret and Bath & Body Works International (d)	605		502		423
Other (e)	626		595		518
Total Net Sales	$	13,237	$	12,632	$	12,574

_______________


(a)	2017 and 2016 amounts have not been adjusted under the modified retrospective approach.


(b)	2017 represents a 53-week fiscal year.


(c)	Includes company-owned stores in the U.S. and Canada.


(d)	Includes company-owned stores in the U.K., Ireland and Greater China, direct sales in Greater China and wholesale sales, royalties and other fees associated with non-company owned stores.


(e)	Includes wholesale revenues from the Company's sourcing function, Henri Bendel store and direct sales, and La Senza store and direct sales prior to January 6, 2019.

Description of Business and Summary of Significant Accounting Policies (Narrative) (Details) $ in Millions	12 Months Ended
	Feb. 02, 2019 USD ($)	Feb. 03, 2018 USD ($)	Jan. 28, 2017 USD ($)
Deferred Rent Credit, Noncurrent	$ 220	$ 210
Maturity of short term investments, maximum, in days	90
Outstanding Check Carrying Amount	$ 13	14
Advertising expense	476	383	$ 325
Unamortized portion of landlord allowances	$ 278	$ 293

Description of Business and Summary of Significant Accounting Policies (Depreciable Life Range of Property Plant and Equipment) (Details)	12 Months Ended
	Feb. 02, 2019
Software, including software developed for internal use
Depreciable Life Range	3 - 7 years
Store related assets
Depreciable Life Range	3 - 10 years
Leasehold improvements
Depreciable Life Range	Shorter of lease term or 10 years
Non-store related building and site improvements
Depreciable Life Range	10 - 15 years
Other property and equipment
Depreciable Life Range	20 years
Buildings
Depreciable Life Range	30 years

New Accounting Pronouncements Revenue Recognition (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 03, 2018	Oct. 28, 2017	Jul. 29, 2017	Apr. 29, 2017	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net Sales	$ 4,852	$ 2,775	$ 2,984	$ 2,626	$ 4,823	$ 2,618	$ 2,755	$ 2,437	$ 13,237	$ 12,632	$ 12,574
Returns Reserve (a)	27				$ 20				27	20
Adjustments for New Accounting Pronouncement [Member] \| Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative Effect on Retained Earnings, Net of Tax										$ 28
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] \| Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net Sales									187
Returns Reserve (a)	$ 5								$ 5

New Accounting Pronouncements Financial Instruments (Details) $ in Millions	12 Months Ended
	Feb. 03, 2018 USD ($)
Accounting Standards Update 2016-01 [Member] \| Adjustments for New Accounting Pronouncement [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative Effect on Retained Earnings, Net of Tax	$ 2

New Accounting Pronouncements Leases (Details) - Adjustments for New Accounting Pronouncement [Member] - Accounting Standards Update 2016-02 [Member] $ in Billions	12 Months Ended
	Feb. 02, 2019 USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease, Liability	$ 3.7
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 3.3

Earnings Per Share (Shares Utilized for the Calculation of Basic and Diluted Earnings per Share) (Details) - shares
shares in Millions

3 Months Ended

12 Months Ended

Feb. 03, 2018

Feb. 02, 2019

Feb. 03, 2018

Jan. 28, 2017

Treasury Stock, Shares, Retired

Weighted-average Common Shares:

Issued Shares

283

308

314

Treasury Shares

(7)

(24)

(27)

Basic Shares

276

284

287

Effect of Dilutive Options and Restricted Stock

Diluted Shares

279

287

291

Anti-dilutive Options and Awards

^[1]

[1]	These options and awards were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

Acquisition Acquisition (Details)
$ in Millions

12 Months Ended

Apr. 18, 2016

USD ($)

Feb. 02, 2019

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The allocation of the purchase price to the fair value of assets acquired and liabilities assumed is as follows:



	(in millions)
Cash and Cash Equivalents	$	1
Inventories	3
Property and Equipment	10
Goodwill	30
Other Assets	3
Current Liabilities	(3		)
Net Assets Acquired	$	44
Forgiveness of Liabilities Owed to the Company	(10		)
Consideration Paid	$	34

American Beauty Limited [Member]

Business Acquisition [Line Items]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents

$ 1

Business Combination, Consideration Transferred

$ 44

Number of Stores

Debt Instrument, Decrease, Forgiveness

$ 10

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Including Goodwill

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities

Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net

Payments to Acquire Businesses, Gross

$ 34

Restructuring Activities (Details) $ in Millions	3 Months Ended			12 Months Ended
Restructuring Activities (Details) $ in Millions	Feb. 02, 2019 USD ($)	Nov. 03, 2018 USD ($)	Apr. 30, 2016 USD ($) position	Feb. 02, 2019 USD ($)	Feb. 03, 2018 USD ($)	Jan. 28, 2017 USD ($)
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	$ (99)			$ (99)	$ 0	$ 0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax				45	$ 0	$ 0
Disposal Group, Not Discontinued Operatin, After-Tax Loss on Disposal	55
Disposal Group, Not Discontinued Operation, Tax Benefit on Disposal	44
Restructuring Charges	3	$ 20	$ 35	23
Payments for Restructuring				16
Restructuring Reserve	$ 7			7
Home Office Employees [Member]
Restructuring and Related Cost, Number of Positions Eliminated \| position			200
Cost of Goods Sold, Buying and Occupancy [Member]
Restructuring Charges			$ 11	14
Selling, General and Administrative Expenses [Member]
Restructuring Charges				$ 9
Severance Costs			24
Non-cash Charge [Member]
Restructuring Charges			$ 10

Inventories (Details) - USD ($) $ in Millions	Feb. 02, 2019	Feb. 03, 2018
Inventory, Net [Abstract]
Finished Goods Merchandise	$ 1,107	$ 1,121
Raw Materials and Merchandise Components	141	119
Total Inventories	$ 1,248	$ 1,240

Property and Equipment, Net (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Feb. 02, 2019	Nov. 03, 2018	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Depreciation of Long-lived Assets			$ 590	$ 571	$ 518
Impairment of Long-Lived Assets Held-for-use	$ 20	$ 81	101	0	0
Property, Plant and Equipment, Net	$ 2,818		2,818	$ 2,893
Sale Leaseback Transaction, Net Book Value					51
Sale Leaseback Transaction, Gross Proceeds, Investing Activities					$ 51
Victoria's Secret [Member]
Impairment of Long-Lived Assets Held-for-use			70
Victoria's Secret and Bath & Body Works International [Member]
Impairment of Long-Lived Assets Held-for-use			$ 31

Property and Equipment, Net (Details of Property and Equipment, Net) (Details) - USD ($) $ in Millions	Feb. 02, 2019	Feb. 03, 2018
Property, Plant and Equipment [Line Items]
Land and Land Improvements	$ 116	$ 116
Buildings and Improvements	492	484
Furniture, Fixtures, Software and Equipment	3,725	3,757
Leasehold Improvements	2,277	2,251
Construction in Progress	123	79
Total	6,733	6,687
Accumulated Depreciation and Amortization	(3,915)	(3,794)
Property and Equipment, Net	$ 2,818	$ 2,893

Goodwill, Trade Names and Other Intangible Assets, Net (Narrative) (Details) $ in Millions	Feb. 02, 2019 USD ($)	Feb. 03, 2018 USD ($)	Apr. 18, 2016
Goodwill	$ 1,348	$ 1,348
Victoria's Secret and Bath & Body Works International [Member]
Goodwill	30	30
Victoria's Secret Segment [Member]
Goodwill	$ 690	$ 690
American Beauty Limited [Member]
Number of Stores			26

Goodwill, Trade Names and Other Intangible Assets, Net (Schedule of Goodwill) (Details) $ in Millions	Feb. 02, 2019 USD ($)
Goodwill, beginning balance	$ 1,348
Goodwill, ending balance	1,348
Victoria's Secret Segment [Member]
Goodwill, beginning balance	690
Goodwill, ending balance	690
Bath & Body Works Segment [Member]
Goodwill, beginning balance	628
Goodwill, ending balance	628
Victoria's Secret and Bath & Body Works International [Member]
Goodwill, beginning balance	30
Goodwill, ending balance	$ 30

Goodwill, Trade Names and Other Intangible Assets, Net Goodwill, Trade Names and Other Intangible Assets, Net (Intangible Assets - Indefinite Lives) (Details) - USD ($) $ in Millions	Feb. 02, 2019	Feb. 03, 2018
Indefinite-lived Intangible Assets [Line Items]
Trade Names	$ 411	$ 411
Victoria's Secret [Member]
Indefinite-lived Intangible Assets [Line Items]
Trade Names	246	246
Bath & Body Works [Member]
Indefinite-lived Intangible Assets [Line Items]
Trade Names	$ 165	$ 165

Equity Investments and Other (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jul. 30, 2016	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Return of Capital		$ 16	$ 29	$ 119
Easton Investment [Member]
Return of Capital		16	29	119
Equity method investment carrying value		89	81
Gain (Loss) on Equity Method Investment Dividends Or Distributions		$ 8	$ 20	$ 112
Easton Town Center Investment [Member]
Proceeds from Equity Method Investments, Return of Capital and Other	$ 124
Gain (Loss) on Equity Method Investment Dividends Or Distributions	108
Gain (Loss) on Equity Method Investment Dividends or Distributions, Net of Tax	$ 70

Accrued Expenses and Other (Details) - USD ($) $ in Millions	Feb. 02, 2019	Feb. 04, 2018	Feb. 03, 2018
Contract with Customer, Liability	$ 331
Compensation, Payroll Taxes and Benefits	215		$ 196
Interest	92		101
Taxes, Other than Income	78		102
Accrued Rent, Current	39		43
Accrued Claims on Self-insured Activities	45		37
Returns Reserve (a)	27		20
Other	270		263
Total Accrued Expenses and Other	1,082		1,029
Accrued Liabilities [Member]
Contract with Customer, Liability	$ 316	$ 320	$ 267

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Millions	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Provisional Benefit related to the impact of TCJA on deferred remeasurement		$ 159
U.S. federal statutory tax rate		35.00%
Pre-tax income (loss),Non-US, arising principally from overseas operations	$ (14)	$ 99	$ 134
Provision for Income Taxes	213	329	538
Deferred Non-US Income Tax Expense (Benefit)	50	0	(3)
Income tax payments	324	494	469
Unrecognized Tax Benefits	114	67	90	$ 248
Unrecognized tax benefits resulting in reduction of effective income tax rate	104	46	62
Unrecognized tax benefits reasonably possible change in the next twelve months	84
Interest and penalties related to unrecognized tax benefits of income tax expense	5	2	$ 3
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 12	$ 17
U.S. Federal Statutory Tax Rate after Tax Cuts and Jobs Act	21.00%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	33.70%	35.00%
Provisional Charge related to the impact of TCJA on undistributed foreign earnings and profits		$ 67

Income Taxes (Provision for Income Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Current
U.S. Federal	$ 212	$ 366	$ 345
U.S. State	37	49	62
Non-U.S.	16	22	21
Total	265	437	428
Deferred
U.S. Federal	(4)	(114)	99
U.S. State	2	6	8
Non-U.S.	(50)	0	3
Total	(52)	(108)	110
Provision for Income Taxes	$ 213	$ 329	$ 538

Income Taxes (Reconciliation of the Statutory Federal Income Tax Rate and the Effective Tax Rate) (Details)	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Federal Income Tax Rate	21.00%	33.70%	35.00%
State Income Taxes, Net of Federal Income Tax Effect	6.00%	3.60%	3.40%
Impact of Non-U.S. Operations	0.80%	(1.50%)	(1.20%)
Effective Income Tax Rate Reconciliation, TCJA Deferred Liability Remeasurement, Percent	0.00%	(12.10%)	0.00%
Effective Income Tax Rate Reconciliation, TCJA Deemed Mandatory Repatriation, Percent	0.00%	5.10%	0.00%
Effective Income Tax Rate Reconciliation, Excess Tax benefit Due to Share-based Compensation Cost, Percent	1.00%	(1.00%)	0.00%
Effective Income Tax Rate Reconciliation, Tax Settlement, Percent	(0.50%)	(1.20%)	(4.10%)
Other Items, Net	(0.70%)	(1.50%)	(1.40%)
Effective Tax Rate	24.90%	25.10%	31.70%
LaSenza [Member]
Effective Income Tax Rate Reconciliation, Deduction, Percent	(2.70%)	0.00%	0.00%

Income Taxes (Effect of Temporary Differences that Cause Deferred Income Taxes) (Details) - USD ($) $ in Millions	Feb. 02, 2019	Feb. 03, 2018
Deferred Tax Liabilities, Gross, Noncurrent	$ (458)	$ (441)
Liabilities	(164)	(224)
Deferred Tax Assets, Net of Valuation Allowance	294	217
Operating Loss Carryforward [Member]
Assets	217	202
Deferred Tax Liabilities, Gross, Noncurrent	0	0
Other Postretirement Benefits Plan [Member]
Assets	64	62
Deferred Tax Liabilities, Gross, Noncurrent	0	0
Leases [Member]
Assets	50	47
Deferred Tax Liabilities, Gross, Noncurrent	0	0
Share-based Compensation [Member]
Assets	47	46
Deferred Tax Liabilities, Gross, Noncurrent	0	0
Deferred Revenue [Domain]
Assets	28	15
Deferred Tax Liabilities, Gross, Noncurrent	0	0
Property and Equipment [Member]
Assets	0	0
Deferred Tax Liabilities, Gross, Noncurrent	(278)	(266)
Liabilities	(278)	(266)
Trade Names [Member]
Assets	0	0
Deferred Tax Liabilities, Gross, Noncurrent	(93)	(91)
Liabilities	(93)	(91)
Other Assets [Member]
Assets	0	0
Deferred Tax Liabilities, Gross, Noncurrent	(60)	(60)
Liabilities	(60)	(60)
Other, Net [Member]
Assets	60	57
Deferred Tax Liabilities, Gross, Noncurrent	(27)	(24)
Deferred Tax Assets, Net	33	33
Valuation Allowance of Deferred Tax Assets [Member]
Deferred Tax Liabilities, Gross, Noncurrent	0	0
Deferred Tax Assets, Valuation Allowance	$ (172)	$ (212)

Income Taxes (Activity Related to its Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Gross Unrecognized Tax Benefits, as of the Beginning of the Fiscal Year	$ 67	$ 90	$ 248
Increases in Tax Benefits for Prior Years	35	3	3
Decreases in Tax Benefits for Prior Years	(25)	(22)	(73)
Increases in Unrecognized Tax Benefits as a Result of Current Year Activity	44	7	18
Decreases to Unrecognized Tax Benefits Relating to Settlements with Taxing Authorities	0	(2)	(98)
Decreases to Unrecognized Tax Benefits as a Result of a Lapse of the Applicable Statute of Limitations	(7)	(9)	(8)
Gross Unrecognized Tax Benefits, as of the End of the Fiscal Year	$ 114	$ 67	$ 90

Long-term Debt (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Aug. 04, 2018	Feb. 03, 2018	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Debt Exchange, Exchange Premium	$ 24
Interest Paid			$ 380	$ 391	$ 387
Proceeds from Debt, Net of Issuance Costs			0	495	692
Repayments of Long-term Debt			52	540	742
Gain (Loss) on Extinguishment of Debt			$ 0	(45)	$ (36)
Debt Exchange, Cash Consideration Paid	52
Fixed Rate 8.50% Notes Due June 2019 [Member]
Extinguishment of Debt, Amount		$ 500
Repayments of Long-term Debt		540
Gain (Loss) on Extinguishment of Debt		(45)
Extinguishment of Debt, Gain (Loss), Net of Tax		(29)
Fixed Rate 5.25% Notes Due February 2028 [Member]
Debt Instrument, Face Amount		$ 500		$ 500
Debt Instrument, Interest Rate, Stated Percentage		5.25%		5.25%
Proceeds from Debt, Net of Issuance Costs		$ 495
Debt Issuance Costs, Gross		$ 5		$ 5
With Subsidiary Guarantee [Member] \| Fixed Rate 7.00% Notes Due May 2020 [Member]
Debt Conversion, Original Debt, Amount	62
With Subsidiary Guarantee [Member] \| Fixed Rate 6.625% Notes Due April 2021 [Member]
Debt Conversion, Original Debt, Amount	220
With Subsidiary Guarantee [Member] \| Fixed Rate 5.625% Notes Due February 2022 [Member]
Debt Conversion, Original Debt, Amount	44
With Subsidiary Guarantee [Member] \| Fixed Rate 6.694% Notes Due January 2027 [Member]
Debt Conversion, Converted Instrument, Amount	$ 297
Debt Conversion, Converted Instrument, Rate	6.694%

Long-term Debt (Schedule of Long-term Debt Instruments) (Details) - USD ($) $ in Millions	Feb. 02, 2019	Feb. 03, 2018
Debt, Long-term and Short-term, Combined Amount	$ 5,811	$ 5,794
Debt, Current	72	87
Total long-term debt, net of current portion	5,739	5,707
Fixed Rate 5.25% Notes Due February 2028 [Member]
Principal balance outstanding		$ 500
Debt Instrument, Interest Rate, Stated Percentage		5.25%
L Brands, Inc. [Member]
Debt, Current	0	$ 0
Total long-term debt, net of current portion	5,661	5,706
With Subsidiary Guarantee [Member]
Debt, Long-term and Short-term, Combined Amount	5,106	5,062
With Subsidiary Guarantee [Member] \| Fixed Rate 6.875% Notes Due November 2035 [Member]
Notes Payable, Noncurrent	990	990
With Subsidiary Guarantee [Member] \| Fixed Rate 6.694% Notes Due January 2027 [Member]
Notes Payable, Noncurrent	273	0
With Subsidiary Guarantee [Member] \| Fixed Rate 5.625% Notes Due February 2022 [Member]
Notes Payable, Noncurrent	952	994
With Subsidiary Guarantee [Member] \| Fixed Rate 6.625% Notes Due April 2021 [Member]
Notes Payable, Noncurrent	776	994
With Subsidiary Guarantee [Member] \| Fixed Rate 6.75% Notes Due July 2036 [Member]
Notes Payable, Noncurrent	693	693
With Subsidiary Guarantee [Member] \| Fixed Rate 5.625% Notes Due October 2023 [Member]
Notes Payable, Noncurrent	498	497
With Subsidiary Guarantee [Member] \| Fixed Rate 5.25% Notes Due February 2028 [Member]
Notes Payable, Noncurrent	496	495
With Subsidiary Guarantee [Member] \| Fixed Rate 7.00% Notes Due May 2020 [Member]
Notes Payable, Noncurrent	337	398
With Subsidiary Guarantee [Member] \| Foreign Facilities with Parent Guarantee [Member]
Line of Credit, Current	12
Long-term Line of Credit	91	1
Without Subsidiary Guarantee [Member]
Debt, Long-term and Short-term, Combined Amount	705	732
Without Subsidiary Guarantee [Member] \| Foreign Facilities with Parent Guarantee [Member]
Line of Credit, Current	60
Long-term Line of Credit		87
Without Subsidiary Guarantee [Member] \| Fixed Rate 6.95% Debentures Due March 2033 [Member]
Notes Payable, Noncurrent	348	348
Without Subsidiary Guarantee [Member] \| Fixed Rate 7.60% Notes Due July 2037 [Member]
Notes Payable, Noncurrent	$ 297	$ 297

Long-term Debt (Schedule of Principal Payments on Long-term Debt) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Feb. 03, 2018	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
2017		$ 72
2018		347
2019		789
2020		1,018
2021		500
Thereafter		3,147
Proceeds from Debt, Net of Issuance Costs		0	$ 495	$ 692
Repayments of Long-term Debt		52	540	742
L Brands, Inc. [Member]
Proceeds from Debt, Net of Issuance Costs			495	692
Repayments of Long-term Debt		$ 52	540	$ 742
Fixed Rate 5.25% Notes Due February 2028 [Member]
Debt Instrument, Face Amount	$ 500		500
Debt Issuance Costs, Gross	$ 5		$ 5
Debt Instrument, Interest Rate, Stated Percentage	5.25%		5.25%
Proceeds from Debt, Net of Issuance Costs	$ 495
Fixed Rate 8.50% Notes Due June 2019 [Member]
Extinguishment of Debt, Amount	500
Repayments of Long-term Debt	$ 540

Long-term Debt Long-term debt (Revolving Facility and Letters of Credit (Narrative) (Details) $ in Millions	12 Months Ended
	Feb. 02, 2019 USD ($)	Feb. 03, 2018 USD ($)	Jan. 28, 2017 USD ($)
Line of Credit Facility [Line Items]
Borrowings from Revolving Facilities	$ 92	$ 0	$ 0
Repayments of Lines of Credit	(92)	$ 0	$ 0
Revolving Credit Facility [Member] \| Revolving Credit Expiring May 2022 [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,000
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.25%
Line of Credit Facility, Commitment Fee Percentage	1.50%
Debt Instrument, Basis Spread on Variable Rate	1.50%
Line of Credit Financial Covenant, Fixed Charge Coverage Ratio	1.75
Line of Credit Financial Covenant, Ratio of Consolidated Debt to Consolidated EBITDA	4.00
Debt to EBITDA ratio required for unlimited investments and restricted payments	3.00
Line of Credit Financial Covenant Ratio of Consolidated Debt to Consolidated EBITDA Maximum Current Rate	3.00
Repayments of Lines of Credit	$ (92)
Letter of Credit [Member]
Line of Credit Facility [Line Items]
Letters of Credit Outstanding, Amount	9
With Subsidiary Guarantee [Member] \| Foreign Facilities with Parent Guarantee [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	100
Borrowings from Revolving Facilities	107
Repayments of Lines of Credit	(17)
Line of Credit Facility, Maximum Amount Outstanding During Period	99
Line of Credit, Current	12
Without Subsidiary Guarantee [Member] \| Foreign Facilities with Parent Guarantee [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	100
Borrowings from Revolving Facilities	65
Repayments of Lines of Credit	(92)
Line of Credit Facility, Maximum Amount Outstanding During Period	90
Line of Credit, Current	$ 60

Derivative Financial Instruments Derivative Instruments (Foreign Exchange Contracts - Cash Flow Hedging Disclosure) (Details) $ in Millions, $ in Millions	12 Months Ended
	Feb. 02, 2019 USD ($)	Feb. 03, 2018 USD ($)	Feb. 03, 2018 CAD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized Gain (Loss) on Foreign Currency Derivatives, Net, before Tax	$ 11	$ (21)
Derivative, Notional Amount	147	217
Cost of Goods Sold, Buying and Occupancy [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	2	(1)
Other Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	$ 0	$ 8
Cash Flow Hedging [Member] \| Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Maximum Remaining Maturity of Foreign Currency Derivatives	18 months
Gain (Loss) on Foreign Currency Cash Flow Hedge Ineffectiveness	$ 0
Foreign Currency Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months	$ 3
Cash Flow Hedging [Member] \| Currency Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount			$ 170

Derivative Financial Instruments Fair Value Derivatives, Balance Sheet Location, by Derivative Contract Type (Details) - USD ($) $ in Millions	Feb. 02, 2019	Feb. 03, 2018
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Liability at Fair Value		$ 9
Foreign Currency Cash Flow Hedge Asset at Fair Value	$ 2
Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Asset at Fair Value	2	0
Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Liability at Fair Value	0	8
Other Long-term Liabilities [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Liability at Fair Value	$ 0	$ 1

Derivative Financial Instruments Derivative Instruments (Interest Rate Contracts - Fair Value Hedging Disclosure) (Details) - USD ($) $ in Millions	Feb. 02, 2019	Feb. 03, 2018
Derivative [Line Items]
Derivative, Notional Amount	$ 147	$ 217

Derivative Financial Instruments Foreign Currency Derivatives Notional Amount Outstanding (Details) - USD ($) $ in Millions	Feb. 02, 2019	Feb. 03, 2018
Derivative [Line Items]
Derivative, Notional Amount	$ 147	$ 217

Fair Value Measurements (Carrying Value and Fair Value of Long Term Debt) (Detail) - USD ($) $ in Millions	Feb. 02, 2019	Feb. 03, 2018
Fair Value Measurements [Abstract]
Long-term Debt Principal Value	$ 5,722	$ 5,750
Fair Value	$ 5,340	$ 5,943

Fair Value Measurements (Fair Value, Assets and Liabilities Measured on Recurring Basis) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2016	Feb. 02, 2019	Feb. 03, 2018
Proceeds from Sale of Available-for-sale Securities, Equity	$ 10
Assets:
Cash and Cash Equivalents		$ 1,413	$ 1,515
Investments, Fair Value Disclosure		11	17
Foreign Currency Cash Flow Hedge Asset at Fair Value		2
Foreign Currency Cash Flow Hedge Liability at Fair Value			9
Fair Value, Inputs, Level 1
Assets:
Cash and Cash Equivalents		1,413	1,515
Investments, Fair Value Disclosure		11	17
Foreign Currency Cash Flow Hedge Asset at Fair Value		0
Foreign Currency Cash Flow Hedge Liability at Fair Value			0
Fair Value, Inputs, Level 2
Assets:
Cash and Cash Equivalents		0	0
Investments, Fair Value Disclosure		0	0
Foreign Currency Cash Flow Hedge Asset at Fair Value		2
Foreign Currency Cash Flow Hedge Liability at Fair Value			9
Fair Value, Inputs, Level 3
Assets:
Cash and Cash Equivalents		0	0
Investments, Fair Value Disclosure		0	0
Foreign Currency Cash Flow Hedge Asset at Fair Value		$ 0
Foreign Currency Cash Flow Hedge Liability at Fair Value			$ 0

Fair value portion of investment securities, including, but not limited to, marketable securities, derivative financial instruments, and investments accounted for under the equity method.

Fair Value Measurements Fair Value Measurements (Securities Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Apr. 30, 2016	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unrealized Gain (Loss) on Securities		$ 6	$ 0	$ 0
Marketable Securities, Equity Securities, Current		0	10	0	$ 10
Proceeds from Sale of Available-for-sale Securities, Equity	$ 10
Available-for-sale Securities, Gross Realized Gains		0	0	4
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	3	$ 0	$ 0	$ 3
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Gross Realized Gains	$ 4

Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, before Tax	$ (9)	$ 4
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	47	7
Other Comprehensive Income (Loss), Tax	(1)	1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accumulated Other Comprehensive Income Beginning Balance	24	12
Total Other Comprehensive Income (Loss), Net of Tax	37	12	$ (28)
Accumulated Other Comprehensive Income Ending Balance	59	24	12
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, before Tax	(20)	23
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	45	0
Other Comprehensive Income (Loss), Tax	0	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accumulated Other Comprehensive Income Beginning Balance	32	9
Total Other Comprehensive Income (Loss), Net of Tax	25	23
Accumulated Other Comprehensive Income Ending Balance	57	32	9
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, before Tax	11	(21)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	2	7
Other Comprehensive Income (Loss), Tax	(1)	1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accumulated Other Comprehensive Income Beginning Balance	(10)	3
Total Other Comprehensive Income (Loss), Net of Tax	12	(13)
Accumulated Other Comprehensive Income Ending Balance	2	(10)	3
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, before Tax	0	2
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	0	0
Other Comprehensive Income (Loss), Tax	0	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accumulated Other Comprehensive Income Beginning Balance	2	0
Total Other Comprehensive Income (Loss), Net of Tax	0	2
Accumulated Other Comprehensive Income Ending Balance	0	2	$ 0
Accounting Standards Update 2016-01 [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption		(2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accumulated Other Comprehensive Income Beginning Balance	22
Accumulated Other Comprehensive Income Ending Balance		22
Accounting Standards Update 2016-01 [Member] \| Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption		0
Accounting Standards Update 2016-01 [Member] \| Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption		0
Accounting Standards Update 2016-01 [Member] \| Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption		(2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accumulated Other Comprehensive Income Beginning Balance	$ 0
Accumulated Other Comprehensive Income Ending Balance		$ 0

Comprehensive Income Reclassification out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Apr. 30, 2016	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax		$ 45	$ 0	$ 0
Provision for Income Taxes		0	0
Reclassification of Cash Flow Hedges to Earnings		2	7	7
Available-for-sale Securities, Gross Realized Gains		0	0	(4)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	$ (3)	0	0	$ (3)
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] \| Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Available-for-sale Securities, Gross Realized Gains	$ (4)
Other Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net		0	8
Cost of Goods Sold, Buying and Occupancy [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net		$ 2	$ (1)

Leases (Leases Rent Expenses) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Leases [Abstract]
Fixed minimum, store rent	$ 663	$ 642	$ 607
Contingent, store rent	72	67	71
Total store rent	735	709	678
Office, equipment and other	98	94	87
Gross rent expense	833	803	765
Sublease rental income	(2)	(2)	(2)
Total rent expense	$ 831	$ 801	$ 763

The increases or decreases in lease payments that result from changes occurring after the inception of the lease in the factors (other than the passage of time) on which lease payments are based, except that any escalation of minimum lease payments relating to increases in construction or acquisition cost of the leased property or for increases in some measure of cost or value during the construction or preconstruction period, are excluded from contingent rentals. Contingent rentals also may include amounts for which the triggering events have not yet occurred or the specified targets for which have not yet been achieved (such as sales based percentage rent), but which events are considered probable of occurring or which specified targets are considered probable of being achieved.

Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]

Leases (Minimum Rent Commitments Operating Leases) (Details)
$ in Millions

Feb. 02, 2019

USD ($)

^[1]

Leases [Abstract]

$ 698

676

630

562

504

$ 1,738

[1]	Excludes additional payments covering taxes, common area costs and certain other expenses generally required by store lease terms.

Leases Asset Retirement Obligations (Details) - USD ($) $ in Millions	Feb. 02, 2019	Feb. 03, 2018
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligation	$ 18	$ 9

Leases Capital Leases (Details) $ in Millions	Feb. 02, 2019 USD ($)
Capital Leases [Abstract]
Capital Leased Assets	$ 26
Capital Lease Obligations, Current	8
Capital Lease Obligations, Noncurrent	$ 19

Commitments and Contingencies (Details) - USD ($) $ in Millions	Feb. 02, 2019	Feb. 03, 2018
Residual Value Guarantee of Leased Assets	$ 94
Lease guarantees, estimated fair value	11	$ 3
Property Lease Guarantee [Member]
Lease guarantees remaining after disposition of certain businesses	6
LaSenza [Member] \| Property Lease Guarantee [Member]
Lease guarantees remaining after disposition of certain businesses	76
Lease guarantees, estimated fair value	$ 5

Retirement Benefits (Details) - USD ($) $ in Millions	12 Months Ended
Retirement Benefits (Details) - USD ($) $ in Millions	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Cost	$ 76	$ 68	$ 67
Nonqualified Retirement Plan Benefit Obligation, Balance Beginning of Year	269	258
Non-Qualified Plan, Contributions by Plan Participants	10	9
Non-Qualified Plan, Contributions by Employer	11	9
Non-Qualified Plan, Interest Cost	13	11
Non-Qualified Plan, Benefits Paid	(25)	(18)
Nonqualified Retirement Plan Benefit Obligation, Balance End of Year	278	269	258
Non-Qualified Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Expense related to the Non-Qualified Plan	$ 24	$ 20	$ 26

Shareholders' Equity (Deficit) (Narrative) (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended	12 Months Ended
	Feb. 03, 2018	Feb. 03, 2018	Oct. 28, 2017	Apr. 30, 2016
Treasury Stock, Shares, Retired	36
Treasury Stock, Retired, Cost Method, Amount		$ 0
September 2017 Repurchase Program [Member]
Stock Repurchase Program, Authorized Amount			$ 250
February 2016 Repurchase Program [Member]
Stock Repurchase Program, Authorized Amount				$ 500
Retained Earnings (Accumulated Deficit) [Member]
Treasury Stock, Retired, Cost Method, Amount		(1,936)
Paid-in Capital [Member]
Treasury Stock, Retired, Cost Method, Amount		(82)
Common Stock [Member]
Treasury Stock, Retired, Cost Method, Amount		(18)
Treasury Stock, at Average Cost [Member]
Treasury Stock, Retired, Cost Method, Amount		$ 2,036

Shareholders' Equity (Deficit) (Schedule of Company's repurchase program) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017	May 05, 2018	Oct. 28, 2017	Apr. 29, 2017	Apr. 30, 2016
Treasury Stock, Shares, Acquired	5,379	9,409	5,719
Repurchase of Common Stock	$ 196	$ 445	$ 438
September 2017 Repurchase Program [Member]
Stock Repurchase Program, Authorized Amount					$ 250
Treasury Stock, Shares, Acquired	527	3,858
Repurchase of Common Stock	$ 25	$ 202
Average Stock Price of Shares Repurchased within Program	$ 51.72
Stock Repurchase Program, Remaining Authorized Repurchase Amount				$ 23
June 2015 Repurchase Program [Member]
Stock Repurchase Program, Remaining Authorized Repurchase Amount							$ 17
February 2017 Repurchase Program [Member] [Member]
Stock Repurchase Program, Authorized Amount						$ 250
Treasury Stock, Shares, Acquired		5,500
Repurchase of Common Stock		$ 240
Average Stock Price of Shares Repurchased within Program		$ 43.57
Stock Repurchase Program, Remaining Authorized Repurchase Amount					$ 10
February 2016 Repurchase Program [Member]
Stock Repurchase Program, Authorized Amount							$ 500
Treasury Stock, Shares, Acquired		51	5,719
Repurchase of Common Stock		$ 3	$ 438
Average Stock Price of Shares Repurchased within Program		$ 76.47
Stock Repurchase Program, Remaining Authorized Repurchase Amount						$ 59
March 2018 Repurchase Program [Member]
Stock Repurchase Program, Authorized Amount				$ 250
Treasury Stock, Shares, Acquired	4,852
Repurchase of Common Stock	$ 171
Average Stock Price of Shares Repurchased within Program	$ 35.29
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 79
Accounts Payable [Member] \| September 2017 Repurchase Program [Member]
Share repurchase reflected in Accounts payable		$ 2

Shareholders' Equity (Deficit) (Dividends Paid) (Details) - USD ($) $ / shares in Units, $ in Millions	2 Months Ended	3 Months Ended												12 Months Ended
	Mar. 21, 2019	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 03, 2018	Oct. 28, 2017	Jul. 29, 2017	Apr. 29, 2017	Jan. 28, 2017	Oct. 29, 2016	Jul. 30, 2016	Apr. 30, 2016	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Common Stock, Dividends, Per Share, Cash Paid		$ 0.60	$ 0.60	$ 0.60	$ 0.60	$ 0.60	$ 0.60	$ 0.60	$ 0.60	$ 0.60	$ 0.60	$ 0.60	$ 0.60	$ 2.40	$ 2.40	$ 2.40
Special Dividend To Common Stockholders Per Share Paid		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.00	0.00	0.00	2.00
Total Dividends Per Share Cash Paid		$ 0.60	$ 0.60	$ 0.60	$ 0.60	$ 0.60	$ 0.60	$ 0.60	$ 0.60	$ 0.60	$ 0.60	$ 0.60	$ 2.60	$ 2.40	$ 2.40	$ 4.40
Payments of Dividends		$ 166	$ 165	$ 167	$ 168	$ 170	$ 172	$ 172	$ 172	$ 172	$ 173	$ 173	$ 750	$ 666	$ 686	$ 1,268
Common Stock, Dividends, Per Share, Declared														$ 2.40	$ 2.40	$ 4.40
Subsequent Event [Member]
Common Stock, Dividends, Per Share, Declared	$ 0.30

Share-based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Options, restricted and unrestricted shares authorized	160
Options and shares available for grant	9
Cash received from stock options exercised	$ 1	$ 38	$ 20
Tax Benefit associated with share based compensation	20	23	32
Stock Options [Member]
Total intrinsic value of options exercised	2	44	30
Total fair value at grant date of option awards vested	9	$ 10	$ 10
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	$ 13
Weighted average fair value of stock options granted	$ 6.76	$ 5.96	$ 11.72
Cash received from stock options exercised	$ 1	$ 38	$ 20
Total unrecognized compensation cost, weighted-average period of recognition, years	2 years 95 days
Tax benefits realized from tax deductions	$ 1	16	9
Restricted Stock [Member]
Total intrinsic value of restricted stock vested	44	86	140
Total fair value at grant date of awards vested	86	87	68
Total unrecognized compensation cost, net of estimated forfeitures	$ 108
Total unrecognized compensation cost, weighted-average period of recognition, years	2 years 102 days
Tax benefits realized from tax deductions	$ 10	$ 32	$ 61

Share-based Compensation (Stock Option Activity) (Details)
$ / shares in Units, shares in Thousands, $ in Thousands

12 Months Ended

Feb. 02, 2019

USD ($)

$ / shares

Outstanding as of Beginning of Period, Number of Shares | shares

4,472

Granted, Number of Shares | shares

1,438

Exercised, Number of Shares | shares

(84)

Cancelled, Number of Shares | shares

(534)

Outstanding as of End of Period, Number of Shares | shares

5,292

Vested and Expected to Vest as of End of Period, Number of Shares | shares

5,124

^[1]

Options Exercisable as of End of Period, Number of Shares | shares

2,759

Outstanding as of Beginning of Period, Weighted Average Option Price Per Share | $ / shares

$ 57.03

Granted, Weighted Average Option Price Per Share | $ / shares

39.06

Exercised, Weighted Average Option Price Per Share | $ / shares

14.52

Cancelled, Weighted Average Option Price Per Share | $ / shares

53.72

Outstanding as of End of Period, Weighted Average Option Price Per Share | $ / shares

53.14

Vested and Expected to Vest as of End of Period, Weighted Average Option Price Per Share | $ / shares

53.44

^[1]

Options Exercisable as of End of Period, Weighted Average Options Price Per Share | $ / shares

$ 55.11

Outstanding as of End of Period, Weighted Average Remaining Contractual Life

6 years 176 days

Vested and Expected to Vest as of End of Period, Weighted Average Remaining Contractual Life

6 years 147 days

^[1]

Options Exercisable as of End of Period, Weighted Average Remaining Contractual Life

4 years 278 days

Outstanding as of End of Support, Aggregate Intrinsic Value | $

$ 3,384

Vested and Expected to Vest as of End of Period, Aggregate Intrinsic Value | $

3,384

^[1]

Options Exercisable as of End of Period, Aggregate Intrinsic Value | $

$ 3,384

[1]	The number of options expected to vest includes an estimate of expected forfeitures.

Share-based Compensation (Weighted-Average Assumptions) (Details)	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Share-based Compensation [Abstract]
Expected Volatility	36.00%	28.00%	25.00%
Risk-free Interest Rate	2.50%	1.50%	1.10%
Dividend Yield	5.80%	5.10%	3.30%
Expected Life (in years)	2 years 343 days	2 years 361 days	4 years 1 month 16 days

Share-based Compensation (Restricted Stock Activity) (Details) - $ / shares shares in Thousands	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Unvested as of Beginning of Period, Number of Shares	5,699
Granted, Number of Shares	2,938
Vested, Number of Shares	(1,255)
Cancelled, Number of Shares	(693)
Unvested as of End of Period, Number of Shares	6,689	5,699
Unvested as of Beginning of Period, Weighted Average Grant Date Fair Value	$ 57.97
Vested, Weighted Average Grant Date Fair Value	68.38
Cancelled, Weighted Average Grant Date Fair Value	44.61
Unvested as of End of Period, Weighted Average Grant Date Fair Value	45.29	$ 57.97
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Granted, Weighted Average Grant Date Fair Value	$ 30.43	$ 39.21	$ 75.09

Share-based Compensation (Share-Based Compensation Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Share-based Compensation Expense	$ 97	$ 102	$ 96
Costs of Goods Sold, Buying and Occupancy [Member]
Share-based Compensation Expense	29	32	31
General, Administrative and Store Operating Expenses [Member]
Share-based Compensation Expense	$ 68	$ 70	$ 65

Segment Information (Details)
$ / shares in Units, $ in Millions

3 Months Ended

12 Months Ended

Feb. 02, 2019

USD ($)

$ / shares

Nov. 03, 2018

USD ($)

$ / shares

Aug. 04, 2018

USD ($)

$ / shares

May 05, 2018

USD ($)

$ / shares

Feb. 03, 2018

USD ($)

$ / shares

Oct. 28, 2017

USD ($)

$ / shares

Jul. 29, 2017

USD ($)

$ / shares

Apr. 29, 2017

USD ($)

$ / shares

Jan. 28, 2017

USD ($)

$ / shares

Oct. 29, 2016

$ / shares

Jul. 30, 2016

$ / shares

Apr. 30, 2016

$ / shares

Feb. 02, 2019

USD ($)

Reportable_Segments

$ / shares

Feb. 03, 2018

USD ($)

$ / shares

Jan. 28, 2017

USD ($)

$ / shares

Common Stock, Dividends, Per Share, Cash Paid | $ / shares

$ 0.60

$ 2.40

Number Of Reportable Segments (in reportable segments) | Reportable_Segments

$ 4,852

$ 2,775

$ 2,984

$ 2,626

$ 4,823

$ 2,618

$ 2,755

$ 2,437

$ 13,237

$ 12,632

$ 12,574

547

524

472

800

$ 54

$ 228

$ 155

987

$ 232

$ 301

$ 209

1,237

1,728

^[1]

2,003

^[1]

8,090

8,149

$ 8,170

8,090

8,149

8,170

Victoria's Secret Segment [Member]

629

707

990

7,375

7,387

7,781

280

279

252

462

932

1,173

3,129

3,369

3,285

3,129

3,369

3,285

Bath & Body Works Segment [Member]

150

270

460

4,631

4,148

3,852

121

101

1,077

953

907

1,898

1,753

1,632

1,898

1,753

1,632

Victoria's Secret and Bath & Body Works International [Member]

242

232

250

605

502

423

(37)

842

800

593

842

800

593

111

Other Operating Segment

626

595

518

103

114

112

(265)

(162)

^[1]

(117)

^[1]

$ 2,221

$ 2,227

$ 2,660

2,221

2,227

2,660

$ 140

$ 94

$ 212

[1]

Segment Information (Additional Information) (Details) $ in Millions	3 Months Ended									12 Months Ended
	Feb. 02, 2019 USD ($)	Nov. 03, 2018 USD ($)	Aug. 04, 2018 USD ($)	May 05, 2018 USD ($)	Feb. 03, 2018 USD ($)	Oct. 28, 2017 USD ($)	Jul. 29, 2017 USD ($)	Apr. 29, 2017 USD ($)	Apr. 30, 2016 USD ($)	Feb. 02, 2019 USD ($) Reportable_Segments	Feb. 03, 2018 USD ($)	Jan. 28, 2017 USD ($)
Impairment of Long-Lived Assets Held-for-use	$ 20	$ 81								$ 101	$ 0	$ 0
Revenue, Net	4,852	2,775	$ 2,984	$ 2,626	$ 4,823	$ 2,618	$ 2,755	$ 2,437		$ 13,237	12,632	12,574
Number Of Reportable Segments (in reportable segments) \| Reportable_Segments										3
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	(99)									$ (99)	0	0
Restructuring Charges	3	$ 20							$ 35	23
Victoria's Secret [Member]
Impairment of Long-Lived Assets Held-for-use										70
Revenue, Net											7,387	7,781
Victoria's Secret and Bath & Body Works International [Member]
Impairment of Long-Lived Assets Held-for-use										31
Revenue, Net										605	502	423
International [Member]
Revenue, Net										1,683	1,553	$ 1,408
Internationally based Long-lived Assets	$ 454				$ 451					$ 454	$ 451

Quarterly Financial Data (Unaudited) (Details) - USD ($)
$ / shares in Units, $ in Millions

3 Months Ended

12 Months Ended

Feb. 02, 2019

Nov. 03, 2018

Aug. 04, 2018

May 05, 2018

Feb. 03, 2018

Oct. 28, 2017

Jul. 29, 2017

Apr. 29, 2017

Feb. 02, 2019

Feb. 03, 2018

Jan. 28, 2017

Quarterly Financial Data [Abstract]

$ 4,852

$ 2,775

$ 2,984

$ 2,626

$ 4,823

$ 2,618

$ 2,755

$ 2,437

$ 13,237

$ 12,632

$ 12,574

1,968

928

1,059

944

2,040

989

1,028

903

4,899

4,959

5,125

Operating Income

800

228

155

987

232

301

209

1,237

1,728

^[1]

2,003

^[1]

710

(41)

129

842

135

217

118

857

1,312

1,696

Net Income Per Basic Share

$ 540

$ (43)

$ 99

$ 48

$ 664

$ 86

$ 139

$ 94

$ 644

$ 983

$ 1,158

$ 1.96

$ (0.16)

$ 0.36

$ 0.17

$ 2.36

$ 0.30

$ 0.48

$ 0.33

$ 2.33

$ 3.46

$ 4.04

Net Income Per Diluted Share

$ 1.94

$ (0.16)

$ 0.36

$ 0.17

$ 2.33

$ 0.30

$ 0.48

$ 0.33

$ 2.31

$ 3.42

$ 3.98

[1]

Quarterly Financial Data (Unaudited) (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended					12 Months Ended
	Feb. 02, 2019	Nov. 03, 2018	Feb. 03, 2018	Jul. 30, 2016	Apr. 30, 2016	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Disposal Group, Not Discontinued Operatin, After-Tax Loss on Disposal	$ 55
Impairment of Long-Lived Assets Held-for-use	20	$ 81				$ 101	$ 0	$ 0
Impairment of Long-Lived Assets Held-for-use, Net of Tax		73
Restructuring Charges	$ 3	20			$ 35	23
Restructuring Charges, Net of Tax		$ 15
Gain (Loss) on Extinguishment of Debt						$ 0	$ (45)	$ (36)
Unusual or Infrequent Item, or Both, Tax Effect			$ 92
Easton Town Center Investment [Member]
Gain (Loss) on Equity Method Investment Dividends Or Distributions				$ 108
Gain (Loss) on Equity Method Investment Dividends or Distributions, Net of Tax				$ 70
Fixed Rate 8.50% Notes Due June 2019 [Member]
Gain (Loss) on Extinguishment of Debt			(45)
Extinguishment of Debt, Gain (Loss), Net of Tax			$ (29)

Supplemental Guarantor Financial Information (Narrative) (Details)	12 Months Ended
	Feb. 02, 2019
Minimum percentage of assets owned by domestic subsidiaries	90.00%
Minimum percentage of accounts receivable and inventory owned by domestic subsidiaries	95.00%

Supplemental Guarantor Financial Information (Condensed Consolidating Balance Sheet) (Details) - USD ($) $ in Millions	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Current Assets:
Cash and Cash Equivalents	$ 1,413	$ 1,515	$ 1,934	$ 2,548
Accounts Receivable, Net	367	310
Inventories	1,248	1,240
Other	232	228
Total Current Assets	3,260	3,293
Property and Equipment, Net	2,818	2,893
Goodwill	1,348	1,348
Trade Names	411	411
Net Investments in and Advances to/from Consolidated Affiliates	0	0
Deferred Tax Assets, Net, Noncurrent	62	14
Other Assets	191	190
Total Assets	8,090	8,149	8,170
Current Liabilities:
Accounts Payable	711	717
Accrued Expenses and Other	1,082	1,029
Debt, Current	72	87
Income Taxes	121	198
Total Current Liabilities	1,986	2,031
Deferred Income Taxes	226	238
Long-term Debt	5,739	5,707
Other Long-term Liabilities	1,004	924
Total Equity (Deficit)	(865)	(751)	(727)	(258)
Total Liabilities and Equity (Deficit)	8,090	8,149
Eliminations
Current Assets:
Cash and Cash Equivalents	0	0	0	0
Accounts Receivable, Net	0	0
Inventories	0	0
Other	0	0
Total Current Assets	0	0
Property and Equipment, Net	0	0
Goodwill	0	0
Trade Names	0	0
Net Investments in and Advances to/from Consolidated Affiliates	(26,539)	(25,377)
Deferred Tax Assets, Net, Noncurrent	0	0
Other Assets	(621)	(611)
Total Assets	(27,160)	(25,988)
Current Liabilities:
Accounts Payable	0	0
Accrued Expenses and Other	0	0
Debt, Current	0	0
Income Taxes	0	0
Total Current Liabilities	0	0
Deferred Income Taxes	0	0
Long-term Debt	(607)	(597)
Other Long-term Liabilities	(14)	(14)
Total Equity (Deficit)	(26,539)	(25,377)
Total Liabilities and Equity (Deficit)	(27,160)	(25,988)
L Brands, Inc. [Member]
Current Assets:
Cash and Cash Equivalents	0	0	0	0
Accounts Receivable, Net	0	0
Inventories	0	0
Other	0	0
Total Current Assets	0	0
Property and Equipment, Net	0	0
Goodwill	0	0
Trade Names	0	0
Net Investments in and Advances to/from Consolidated Affiliates	4,755	4,973
Deferred Tax Assets, Net, Noncurrent	0	0
Other Assets	127	129
Total Assets	4,882	5,102
Current Liabilities:
Accounts Payable	0	2
Accrued Expenses and Other	92	101
Debt, Current	0	0
Income Taxes	(7)	6
Total Current Liabilities	85	109
Deferred Income Taxes	1	(2)
Long-term Debt	5,661	5,706
Other Long-term Liabilities	59	64
Total Equity (Deficit)	(924)	(775)
Total Liabilities and Equity (Deficit)	4,882	5,102
Guarantor Subsidiaries
Current Assets:
Cash and Cash Equivalents	997	1,164	1,562	2,190
Accounts Receivable, Net	241	186
Inventories	1,093	1,095
Other	139	132
Total Current Assets	2,470	2,577
Property and Equipment, Net	1,922	1,984
Goodwill	1,318	1,318
Trade Names	411	411
Net Investments in and Advances to/from Consolidated Affiliates	19,737	18,298
Deferred Tax Assets, Net, Noncurrent	9	10
Other Assets	15	18
Total Assets	25,882	24,616
Current Liabilities:
Accounts Payable	363	349
Accrued Expenses and Other	597	529
Debt, Current	0	0
Income Taxes	100	174
Total Current Liabilities	1,060	1,052
Deferred Income Taxes	(44)	(46)
Long-term Debt	606	597
Other Long-term Liabilities	852	774
Total Equity (Deficit)	23,408	22,239
Total Liabilities and Equity (Deficit)	25,882	24,616
Non-Guarantor Subsidiaries
Current Assets:
Cash and Cash Equivalents	416	351	$ 372	$ 358
Accounts Receivable, Net	126	124
Inventories	155	145
Other	93	96
Total Current Assets	790	716
Property and Equipment, Net	896	909
Goodwill	30	30
Trade Names	0	0
Net Investments in and Advances to/from Consolidated Affiliates	2,047	2,106
Deferred Tax Assets, Net, Noncurrent	53	4
Other Assets	670	654
Total Assets	4,486	4,419
Current Liabilities:
Accounts Payable	348	366
Accrued Expenses and Other	393	399
Debt, Current	72	87
Income Taxes	28	18
Total Current Liabilities	841	870
Deferred Income Taxes	269	286
Long-term Debt	79	1
Other Long-term Liabilities	107	100
Total Equity (Deficit)	3,190	3,162
Total Liabilities and Equity (Deficit)	$ 4,486	$ 4,419

Supplemental Guarantor Financial Information (Condensed Consolidating Statements of Income) (Details) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Feb. 02, 2019

Nov. 03, 2018

Aug. 04, 2018

May 05, 2018

Feb. 03, 2018

Oct. 28, 2017

Jul. 29, 2017

Apr. 29, 2017

Apr. 30, 2016

Feb. 02, 2019

Feb. 03, 2018

Jan. 28, 2017

$ 4,852

$ 2,775

$ 2,984

$ 2,626

$ 4,823

$ 2,618

$ 2,755

$ 2,437

$ 13,237

$ 12,632

$ 12,574

(8,338)

(7,673)

(7,449)

General, Administrative and Store Operating Expenses

1,968

928

1,059

944

2,040

989

1,028

903

4,899

4,959

5,125

(3,563)

(3,231)

(3,122)

Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal

(99)

800

228

155

987

232

301

209

1,237

1,728

^[1]

2,003

^[1]

(385)

(406)

(394)

(10)

710

(41)

129

842

135

217

118

857

1,312

1,696

213

329

538

$ 540

$ (43)

$ 99

$ 48

$ 664

$ 86

$ 139

$ 94

644

983

1,158

Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax

(20)

(19)

Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax

(20)

(8)

(5)

Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax

$ (3)

(3)

Total Other Comprehensive Income (Loss), Net of Tax

(28)

Comprehensive Income (Loss), Net of Tax, Attributable to Parent

681

995

1,130

Eliminations

(3,010)

(3,027)

(2,918)

2,673

2,658

2,682

General, Administrative and Store Operating Expenses

(337)

(369)

(236)

232

268

186

Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal

(105)

(101)

(50)

108

109

(1,566)

(2,441)

(2,000)

(1,563)

(2,433)

(1,979)

Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax

Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax

Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax

Total Other Comprehensive Income (Loss), Net of Tax

Comprehensive Income (Loss), Net of Tax, Attributable to Parent

(1,563)

(2,433)

(1,979)

L Brands, Inc. [Member]

General, Administrative and Store Operating Expenses

(9)

(10)

(8)

Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal

(9)

(10)

(8)

(379)

(403)

(394)

(46)

(35)

(388)

(459)

(437)

(10)

1,044

1,507

1,585

644

983

1,158

Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax

Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax

Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax

Total Other Comprehensive Income (Loss), Net of Tax

Comprehensive Income (Loss), Net of Tax, Attributable to Parent

644

983

1,158

Guarantor Subsidiaries

12,467

11,931

11,959

(8,015)

(7,463)

(7,277)

General, Administrative and Store Operating Expenses

4,452

4,468

4,682

(3,304)

(3,063)

(2,843)

Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal

(24)

1,124

1,405

1,839

(108)

(99)

(60)

1,029

1,317

1,782

100

316

432

169

522

1,098

1,523

1,389

Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax

Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax

Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax

Total Other Comprehensive Income (Loss), Net of Tax

Comprehensive Income (Loss), Net of Tax, Attributable to Parent

1,098

1,523

1,389

Non-Guarantor Subsidiaries

3,780

3,728

3,533

(2,996)

(2,868)

(2,854)

General, Administrative and Store Operating Expenses

784

860

679

(482)

(426)

(457)

Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal

(75)

227

434

222

(6)

(13)

(11)

(8)

119

213

446

330

101

(52)

116

353

412

376

465

910

590

Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax

(20)

(19)