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Supplemental Guarantor Financial Information Supplemental Guarantor Financial Information (Notes) | 6 Months Ended
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Aug. 03, 2013
Supplemental Guarantor Financial Information [Abstract] |
Schedule Of Supplemental Guarantor Financial Information [Text Block] | Supplemental Guarantor Financial Information The Company’s 2019 Notes, 2020 Notes, 2021 Notes and 2022 Notes are jointly and severally guaranteed on a full and unconditional basis by certain of the Company’s 100% owned subsidiaries. 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 August 3, 2013, February 2, 2013 and July 28, 2012; and the Condensed Consolidating Statements of Income, Comprehensive Income and Cash Flows for the periods ended August 3, 2013 and July 28, 2012. L BRANDS, INC. CONDENSED CONSOLIDATING BALANCE SHEETS (in millions) (Unaudited)
| August 3, 2013
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents | $ | — |  |  | $ | 306 |  |  | $ | 245 |  |  | $ | — |  |  | $ | 551 |
Accounts Receivable, Net | — |  |  | 135 |  |  | 62 |  |  | — |  |  | 197 |
Inventories | — |  |  | 983 |  |  | 144 |  |  | — |  |  | 1,127 |
Deferred Income Taxes | — |  |  | 40 |  |  | (10 | ) |  | — |  |  | 30 |
Other | 2 |  |  | 126 |  |  | 65 |  |  | — |  |  | 193 |
Total Current Assets | 2 |  |  | 1,590 |  |  | 506 |  |  | — |  |  | 2,098 |
Property and Equipment, Net | — |  |  | 1,136 |  |  | 824 |  |  | — |  |  | 1,960 |
Goodwill | — |  |  | 1,318 |  |  | — |  |  | — |  |  | 1,318 |
Trade Names and Other Intangible Assets, Net | — |  |  | 412 |  |  | — |  |  | — |  |  | 412 |
Net Investments in and Advances to/from Consolidated Affiliates | 3,495 |  |  | 15,221 |  |  | 742 |  |  | (19,458 | ) |  | — |
Other Assets | 184 |  |  | 7 |  |  | 705 |  |  | (612 | ) |  | 284 |
Total Assets | $ | 3,681 |  |  | $ | 19,684 |  |  | $ | 2,777 |  |  | $ | (20,070 | ) |  | $ | 6,072 |
LIABILITIES AND EQUITY (DEFICIT) |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts Payable | $ | — |  |  | $ | 387 |  |  | $ | 294 |  |  | $ | — |  |  | $ | 681 |
Accrued Expenses and Other | 80 |  |  | 407 |  |  | 232 |  |  | — |  |  | 719 |
Income Taxes | — |  |  | 68 |  |  | 17 |  |  | — |  |  | 85 |
Total Current Liabilities | 80 |  |  | 862 |  |  | 543 |  |  | — |  |  | 1,485 |
Deferred Income Taxes | (4 | ) |  | (5 | ) |  | 209 |  |  | — |  |  | 200 |
Long-term Debt | 4,475 |  |  | 597 |  |  | — |  |  | (597 | ) |  | 4,475 |
Other Long-term Liabilities | 4 |  |  | 577 |  |  | 206 |  |  | (14 | ) |  | 773 |
Total Equity (Deficit) | (874 | ) |  | 17,653 |  |  | 1,819 |  |  | (19,459 | ) |  | (861 | )
Total Liabilities and Equity (Deficit) | $ | 3,681 |  |  | $ | 19,684 |  |  | $ | 2,777 |  |  | $ | (20,070 | ) |  | $ | 6,072 |
L BRANDS, INC. CONDENSED CONSOLIDATING BALANCE SHEETS (in millions)
| February 2, 2013
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents | $ | — |  |  | $ | 417 |  |  | $ | 356 |  |  | $ | — |  |  | $ | 773 |
Accounts Receivable, Net | — |  |  | 140 |  |  | 63 |  |  | — |  |  | 203 |
Inventories |  |  |  | 847 |  |  | 157 |  |  | — |  |  | 1,004 |
Deferred Income Taxes | — |  |  | 39 |  |  | (10 | ) |  | — |  |  | 29 |
Other | 2 |  |  | 117 |  |  | 77 |  |  | — |  |  | 196 |
Total Current Assets | 2 |  |  | 1,560 |  |  | 643 |  |  | — |  |  | 2,205 |
Property and Equipment, Net | — |  |  | 1,001 |  |  | 802 |  |  | — |  |  | 1,803 |
Goodwill | — |  |  | 1,318 |  |  | — |  |  | — |  |  | 1,318 |
Trade Names and Other Intangible Assets, Net | — |  |  | 411 |  |  | 1 |  |  | — |  |  | 412 |
Net Investments in and Advances to/from Consolidated Affiliates | 3,348 |  |  | 13,968 |  |  | 624 |  |  | (17,940 | ) |  | — |
Other Assets | 188 |  |  | 8 |  |  | 696 |  |  | (611 | ) |  | 281 |
Total Assets | $ | 3,538 |  |  | $ | 18,266 |  |  | $ | 2,766 |  |  | $ | (18,551 | ) |  | $ | 6,019 |
LIABILITIES AND EQUITY (DEFICIT) |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts Payable | $ | — |  |  | $ | 291 |  |  | $ | 250 |  |  | $ | — |  |  | $ | 541 |
Accrued Expenses and Other | 78 |  |  | 425 |  |  | 304 |  |  | — |  |  | 807 |
Income Taxes | 1 |  |  | 134 |  |  | 55 |  |  | — |  |  | 190 |
Total Current Liabilities | 79 |  |  | 850 |  |  | 609 |  |  | — |  |  | 1,538 |
Deferred Income Taxes | (4 | ) |  | (9 | ) |  | 213 |  |  | — |  |  | 200 |
Long-term Debt | 4,477 |  |  | 597 |  |  | — |  |  | (597 | ) |  | 4,477 |
Other Long-term Liabilities | 4 |  |  | 625 |  |  | 204 |  |  | (15 | ) |  | 818 |
Total Equity (Deficit) | (1,018 | ) |  | 16,203 |  |  | 1,740 |  |  | (17,939 | ) |  | (1,014 | )
Total Liabilities and Equity (Deficit) | $ | 3,538 |  |  | $ | 18,266 |  |  | $ | 2,766 |  |  | $ | (18,551 | ) |  | $ | 6,019 |
L BRANDS, INC. CONDENSED CONSOLIDATING BALANCE SHEETS (in millions) (Unaudited)
| July 28, 2012
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents | $ | — |  |  | $ | 623 |  |  | $ | 570 |  |  | $ | — |  |  | $ | 1,193 |
Accounts Receivable, Net | — |  |  | 113 |  |  | 62 |  |  | — |  |  | 175 |
Inventories | — |  |  | 886 |  |  | 171 |  |  | — |  |  | 1,057 |
Deferred Income Taxes | — |  |  | 33 |  |  | 18 |  |  | — |  |  | 51 |
Other | — |  |  | 179 |  |  | 61 |  |  | — |  |  | 240 |
Total Current Assets | — |  |  | 1,834 |  |  | 882 |  |  | — |  |  | 2,716 |
Property and Equipment, Net | — |  |  | 971 |  |  | 804 |  |  | — |  |  | 1,775 |
Goodwill | — |  |  | 1,318 |  |  | 12 |  |  | — |  |  | 1,330 |
Trade Names and Other Intangible Assets, Net | — |  |  | 410 |  |  | 84 |  |  | — |  |  | 494 |
Net Investments in and Advances to/from Consolidated Affiliates | 4,169 |  |  | 13,874 |  |  | 557 |  |  | (18,600 | ) |  | — |
Other Assets | 194 |  |  | 44 |  |  | 684 |  |  | (648 | ) |  | 274 |
Total Assets | $ | 4,363 |  |  | $ | 18,451 |  |  | $ | 3,023 |  |  | $ | (19,248 | ) |  | $ | 6,589 |
LIABILITIES AND EQUITY (DEFICIT) |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts Payable | $ | 4 |  |  | $ | 366 |  |  | $ | 254 |  |  | $ | — |  |  | $ | 624 |
Accrued Expenses and Other | 77 |  |  | 392 |  |  | 243 |  |  | — |  |  | 712 |
Current Portion of Long-term Debt | 57 |  |  | — |  |  | — |  |  | — |  |  | 57 |
Income Taxes | — |  |  | — |  |  | 7 |  |  | — |  |  | 7 |
Total Current Liabilities | 138 |  |  | 758 |  |  | 504 |  |  | — |  |  | 1,400 |
Deferred Income Taxes | (5 | ) |  | 12 |  |  | 181 |  |  | — |  |  | 188 |
Long-term Debt | 4,480 |  |  | 596 |  |  | 37 |  |  | (633 | ) |  | 4,480 |
Other Long-term Liabilities | 4 |  |  | 583 |  |  | 193 |  |  | (14 | ) |  | 766 |
Total Equity (Deficit) | (254 | ) |  | 16,502 |  |  | 2,108 |  |  | (18,601 | ) |  | (245 | )
Total Liabilities and Equity (Deficit) | $ | 4,363 |  |  | $ | 18,451 |  |  | $ | 3,023 |  |  | $ | (19,248 | ) |  | $ | 6,589 |
L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENTS OF INCOME (in millions) (Unaudited)
| Second Quarter 2013
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Sales | $ | — |  |  | $ | 2,286 |  |  | $ | 793 |  |  | $ | (563 | ) |  | $ | 2,516 |
Costs of Goods Sold, Buying and Occupancy | — |  |  | (1,415 | ) |  | (649 | ) |  | 537 |  |  | (1,527 | )
Gross Profit | — |  |  | 871 |  |  | 144 |  |  | (26 | ) |  | 989 |
General, Administrative and Store Operating Expenses | (1 | ) |  | (561 | ) |  | (98 | ) |  | 29 |  |  | (631 | )
Operating Income (Loss) | (1 | ) |  | 310 |  |  | 46 |  |  | 3 |  |  | 358 |
Interest Expense | (77 | ) |  | (6 | ) |  | (3 | ) |  | 9 |  |  | (77 | )
Other Income (Loss) | — |  |  | 3 |  |  | 1 |  |  | (3 | ) |  | 1 |
Income (Loss) Before Income Taxes | (78 | ) |  | 307 |  |  | 44 |  |  | 9 |  |  | 282 |
Provision for Income Taxes | — |  |  | 39 |  |  | 65 |  |  | — |  |  | 104 |
Equity in Earnings (Loss) | 256 |  |  | 265 |  |  | 276 |  |  | (797 | ) |  | — |
Net Income (Loss) | $ | 178 |  |  | $ | 533 |  |  | $ | 255 |  |  | $ | (788 | ) |  | $ | 178 |
L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (in millions) (Unaudited)
| Second Quarter 2013
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Income (Loss) | $ | 178 |  |  | $ | 533 |  |  | $ | 255 |  |  | $ | (788 | ) |  | $ | 178 |
Other Comprehensive Income (Loss), Net of Tax: |  |  |  |  |  |  |  |  |
Reclassification of Cash Flow Hedges to Earnings | — |  |  | — |  |  | (13 | ) |  | — |  |  | (13 | )
Foreign Currency Translation | — |  |  | — |  |  | 8 |  |  | — |  |  | 8 |
Unrealized Gain on Cash Flow Hedges | — |  |  | — |  |  | 15 |  |  | — |  |  | 15 |
Total Other Comprehensive Income, Net of Tax | — |  |  | — |  |  | 10 |  |  | — |  |  | 10 |
Total Comprehensive Income (Loss) | $ | 178 |  |  | $ | 533 |  |  | $ | 265 |  |  | $ | (788 | ) |  | $ | 188 |
L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENTS OF INCOME (in millions) (Unaudited)
| Second Quarter 2012
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Sales | $ | — |  |  | $ | 2,190 |  |  | $ | 678 |  |  | $ | (469 | ) |  | $ | 2,399 |
Costs of Goods Sold, Buying and Occupancy | — |  |  | (1,335 | ) |  | (582 | ) |  | 460 |  |  | (1,457 | )
Gross Profit | — |  |  | 855 |  |  | 96 |  |  | (9 | ) |  | 942 |
General, Administrative and Store Operating Expenses | (1 | ) |  | (556 | ) |  | (92 | ) |  | 12 |  |  | (637 | )
Operating Income (Loss) | (1 | ) |  | 299 |  |  | 4 |  |  | 3 |  |  | 305 |
Interest Expense | (79 | ) |  | (3 | ) |  | (3 | ) |  | 6 |  |  | (79 | )
Other Income (Loss) | — |  |  | 2 |  |  | 4 |  |  | (3 | ) |  | 3 |
Income (Loss) Before Income Taxes | (80 | ) |  | 298 |  |  | 5 |  |  | 6 |  |  | 229 |
Provision for Income Taxes | — |  |  | 46 |  |  | 40 |  |  | — |  |  | 86 |
Equity in Earnings (Loss) | 223 |  |  | 37 |  |  | (29 | ) |  | (231 | ) |  | — |
Net Income (Loss) | $ | 143 |  |  | $ | 289 |  |  | $ | (64 | ) |  | $ | (225 | ) |  | $ | 143 |
L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (in millions) (Unaudited)
| Second Quarter 2012
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Income (Loss) | $ | 143 |  |  | $ | 289 |  |  | $ | (64 | ) |  | $ | (225 | ) |  | $ | 143 |
Other Comprehensive Income (Loss), Net of Tax: |  |  |  |  |  |  |  |  |
Reclassification of Cash Flow Hedges to Earnings | 1 |  |  | — |  |  | (12 | ) |  | — |  |  | (11 | )
Foreign Currency Translation | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
Unrealized Gain on Cash Flow Hedges | — |  |  | — |  |  | 10 |  |  | — |  |  | 10 |
Total Other Comprehensive Income, Net of Tax | 1 |  |  | — |  |  | 3 |  |  | — |  |  | 4 |
Total Comprehensive Income (Loss) | $ | 144 |  |  | $ | 289 |  |  | $ | (61 | ) |  | $ | (225 | ) |  | $ | 147 |
L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENTS OF INCOME (in millions) (Unaudited)
| Year-to-Date 2013
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Sales | $ | — |  |  | $ | 4,359 |  |  | $ | 1,541 |  |  | $ | (1,116 | ) |  | $ | 4,784 |
Costs of Goods Sold, Buying and Occupancy | — |  |  | (2,661 | ) |  | (1,259 | ) |  | 1,066 |  |  | (2,854 | )
Gross Profit | — |  |  | 1,698 |  |  | 282 |  |  | (50 | ) |  | 1,930 |
General, Administrative and Store Operating Expenses | (3 | ) |  | (1,113 | ) |  | (198 | ) |  | 53 |  |  | (1,261 | )
Operating Income (Loss) | (3 | ) |  | 585 |  |  | 84 |  |  | 3 |  |  | 669 |
Interest Expense | (156 | ) |  | (12 | ) |  | (6 | ) |  | 18 |  |  | (156 | )
Other Income (Loss) | — |  |  | 5 |  |  | 4 |  |  | (5 | ) |  | 4 |
Income (Loss) Before Income Taxes | (159 | ) |  | 578 |  |  | 82 |  |  | 16 |  |  | 517 |
Provision for Income Taxes | — |  |  | 103 |  |  | 93 |  |  | — |  |  | 196 |
Equity in Earnings (Loss) | 480 |  |  | 316 |  |  | 313 |  |  | (1,109 | ) |  | — |
Net Income (Loss) | $ | 321 |  |  | $ | 791 |  |  | $ | 302 |  |  | $ | (1,093 | ) |  | $ | 321 |
L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (in millions) (Unaudited)
| Year-to-Date 2013
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Income (Loss) | $ | 321 |  |  | $ | 791 |  |  | $ | 302 |  |  | $ | (1,093 | ) |  | $ | 321 |
Other Comprehensive Income (Loss), Net of Tax: |  |  |  |  |  |  |  |  |
Reclassification of Cash Flow Hedges to Earnings | — |  |  | — |  |  | (19 | ) |  | — |  |  | (19 | )
Foreign Currency Translation | — |  |  | — |  |  | 12 |  |  | — |  |  | 12 |
Unrealized Gain on Cash Flow Hedges | — |  |  | — |  |  | 16 |  |  | — |  |  | 16 |
Total Other Comprehensive Income, Net of Tax | — |  |  | — |  |  | 9 |  |  | — |  |  | 9 |
Total Comprehensive Income (Loss) | $ | 321 |  |  | $ | 791 |  |  | $ | 311 |  |  | $ | (1,093 | ) |  | $ | 330 |
L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENTS OF INCOME (in millions) (Unaudited)
| Year-to-Date 2012
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Sales | $ | — |  |  | $ | 4,184 |  |  | $ | 1,307 |  |  | $ | (938 | ) |  | $ | 4,553 |
Costs of Goods Sold, Buying and Occupancy | — |  |  | (2,504 | ) |  | (1,108 | ) |  | 903 |  |  | (2,709 | )
Gross Profit | — |  |  | 1,680 |  |  | 199 |  |  | (35 | ) |  | 1,844 |
General, Administrative and Store Operating Expenses | (3 | ) |  | (1,100 | ) |  | (179 | ) |  | 36 |  |  | (1,246 | )
Operating Income (Loss) | (3 | ) |  | 580 |  |  | 20 |  |  | 1 |  |  | 598 |
Interest Expense | (157 | ) |  | (10 | ) |  | (5 | ) |  | 15 |  |  | (157 | )
Other Income (Loss) | 1 |  |  | 4 |  |  | 2 |  |  | (6 | ) |  | 1 |
Income (Loss) Before Income Taxes | (159 | ) |  | 574 |  |  | 17 |  |  | 10 |  |  | 442 |
Provision for Income Taxes | — |  |  | 112 |  |  | 62 |  |  | — |  |  | 174 |
Equity in Earnings (Loss) | 427 |  |  | (33 | ) |  | 62 |  |  | (456 | ) |  | — |
Net Income (Loss) | $ | 268 |  |  | $ | 429 |  |  | $ | 17 |  |  | $ | (446 | ) |  | $ | 268 |
L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (in millions) (Unaudited)
| Year-to-Date 2012
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Income (Loss) | $ | 268 |  |  | $ | 429 |  |  | $ | 17 |  |  | $ | (446 | ) |  | $ | 268 |
Other Comprehensive Income (Loss), Net of Tax: |  |  |  |  |  |  |  |  |
Reclassification of Cash Flow Hedges to Earnings | 2 |  |  | — |  |  | (1 | ) |  | — |  |  | 1 |
Foreign Currency Translation | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Unrealized Gain on Cash Flow Hedges | — |  |  | — |  |  | 7 |  |  | — |  |  | 7 |
Total Other Comprehensive Income, Net of Tax | 2 |  |  | — |  |  | 7 |  |  | — |  |  | 9 |
Total Comprehensive Income (Loss) | $ | 270 |  |  | $ | 429 |  |  | $ | 24 |  |  | $ | (446 | ) |  | $ | 277 |
L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in millions) (Unaudited)
| Year-to-Date 2013
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Cash Provided by (Used for) Operating Activities | $ | (153 | ) |  | $ | 431 |  |  | $ | 76 |  |  | $ | — |  |  | $ | 354 |
Investing Activities: |  |  |  |  |  |  |  |  |
Capital Expenditures | — |  |  | (266 | ) |  | (117 | ) |  | — |  |  | (383 | )
Other Investing Activities | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Net Cash Used for Investing Activities | — |  |  | (266 | ) |  | (115 | ) |  | — |  |  | (381 | )
Financing Activities: |  |  |  |  |  |  |  |  |
Repurchase of Common Stock | (55 | ) |  | — |  |  | — |  |  | — |  |  | (55 | )
Dividends Paid | (174 | ) |  | — |  |  | — |  |  | — |  |  | (174 | )
Excess Tax Benefits from Share-based Compensation | — |  |  | 21 |  |  | 4 |  |  | — |  |  | 25 |
Net Financing Activities and Advances to/from Consolidated Affiliates | 372 |  |  | (297 | ) |  | (75 | ) |  | — |  |  | — |
Proceeds from Exercise of Stock Options and Other | 10 |  |  | — |  |  | — |  |  | — |  |  | 10 |
Net Cash Provided by (Used for) Financing Activities | 153 |  |  | (276 | ) |  | (71 | ) |  | — |  |  | (194 | )
Effects of Exchange Rate Changes on Cash and Cash Equivalents | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Net Decrease in Cash and Cash Equivalents | — |  |  | (111 | ) |  | (111 | ) |  | — |  |  | (222 | )
Cash and Cash Equivalents, Beginning of Period | — |  |  | 417 |  |  | 356 |  |  | — |  |  | 773 |
Cash and Cash Equivalents, End of Period | $ | — |  |  | $ | 306 |  |  | $ | 245 |  |  | $ | — |  |  | $ | 551 |
L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in millions) (Unaudited)
| Year-to-Date 2012
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Cash Provided by (Used for) Operating Activities | $ | (204 | ) |  | $ | 293 |  |  | $ | 116 |  |  | $ | — |  |  | $ | 205 |
Investing Activities: |  |  |  |  |  |  |  |  |
Capital Expenditures | — |  |  | (184 | ) |  | (145 | ) |  | — |  |  | (329 | )
Other Investing Activities | — |  |  | 8 |  |  | 3 |  |  | — |  |  | 11 |
Net Cash Used for Investing Activities | — |  |  | (176 | ) |  | (142 | ) |  | — |  |  | (318 | )
Financing Activities: |  |  |  |  |  |  |  |  |
Proceeds from Long-term Debt, Net of Issuance Costs | 985 |  |  | — |  |  | — |  |  | — |  |  | 985 |
Repurchase of Common Stock | (604 | ) |  | — |  |  | — |  |  | — |  |  | (604 | )
Dividends Paid | (146 | ) |  | — |  |  | — |  |  | — |  |  | (146 | )
Excess Tax Benefits from Share-based Compensation | — |  |  | 81 |  |  | 19 |  |  | — |  |  | 100 |
Net Financing Activities and Advances to/from Consolidated Affiliates | (67 | ) |  | 54 |  |  | 13 |  |  | — |  |  | — |
Proceeds from Exercise of Stock Options and Other | 36 |  |  | — |  |  | — |  |  | — |  |  | 36 |
Net Cash Provided by Financing Activities | 204 |  |  | 135 |  |  | 32 |  |  | — |  |  | 371 |
Effects of Exchange Rate Changes on Cash and Cash Equivalents | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net Increase in Cash and Cash Equivalents | — |  |  | 252 |  |  | 6 |  |  | — |  |  | 258 |
Cash and Cash Equivalents, Beginning of Period | — |  |  | 371 |  |  | 564 |  |  | — |  |  | 935 |
Cash and Cash Equivalents, End of Period | $ | — |  |  | $ | 623 |  |  | $ | 570 |  |  | $ | — |  |  | $ | 1,193 |

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