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Supplemental Guarantor Financial Information (Tables) | 3 Months Ended
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Apr. 30, 2016
Condensed Consolidating Balance Sheet [Abstract] |
Condensed Balance Sheet [Table Text Block] | L BRANDS, INC. CONDENSED CONSOLIDATING BALANCE SHEET (in millions) (Unaudited)
| April 30, 2016
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents | $ | — |  |  | $ | 888 |  |  | $ | 379 |  |  | $ | — |  |  | $ | 1,267 |
Accounts Receivable, Net | 2 |  |  | 189 |  |  | 58 |  |  | — |  |  | 249 |
Inventories | — |  |  | 1,121 |  |  | 145 |  |  | — |  |  | 1,266 |
Other | — |  |  | 121 |  |  | 88 |  |  | — |  |  | 209 |
Total Current Assets | 2 |  |  | 2,319 |  |  | 670 |  |  | — |  |  | 2,991 |
Property and Equipment, Net | — |  |  | 1,627 |  |  | 796 |  |  | — |  |  | 2,423 |
Goodwill | — |  |  | 1,318 |  |  | 30 |  |  | — |  |  | 1,348 |
Trade Names and Other Intangible Assets, Net | — |  |  | 411 |  |  | — |  |  | — |  |  | 411 |
Net Investments in and Advances to/from Consolidated Affiliates | 4,551 |  |  | 14,752 |  |  | 1,363 |  |  | (20,666 | ) |  | — |
Deferred Income Taxes | — |  |  | 11 |  |  | 18 |  |  | — |  |  | 29 |
Other Assets | 140 |  |  | 37 |  |  | 658 |  |  | (611 | ) |  | 224 |
Total Assets | $ | 4,693 |  |  | $ | 20,475 |  |  | $ | 3,535 |  |  | $ | (21,277 | ) |  | $ | 7,426 |
LIABILITIES AND EQUITY (DEFICIT) |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts Payable | $ | 1 |  |  | $ | 387 |  |  | $ | 332 |  |  | $ | — |  |  | $ | 720 |
Accrued Expenses and Other | 110 |  |  | 432 |  |  | 291 |  |  | — |  |  | 833 |
Current Portion of Long-term Debt | — |  |  | — |  |  | 8 |  |  | — |  |  | 8 |
Income Taxes | — |  |  | 13 |  |  | 31 |  |  | — |  |  | 44 |
Total Current Liabilities | 111 |  |  | 832 |  |  | 662 |  |  | — |  |  | 1,605 |
Deferred Income Taxes | (3 | ) |  | (76 | ) |  | 348 |  |  | — |  |  | 269 |
Long-term Debt | 5,713 |  |  | 598 |  |  | 5 |  |  | (598 | ) |  | 5,718 |
Other Long-term Liabilities | — |  |  | 705 |  |  | 229 |  |  | (14 | ) |  | 920 |
Total Equity (Deficit) | (1,128 | ) |  | 18,416 |  |  | 2,291 |  |  | (20,665 | ) |  | (1,086 | )
Total Liabilities and Equity (Deficit) | $ | 4,693 |  |  | $ | 20,475 |  |  | $ | 3,535 |  |  | $ | (21,277 | ) |  | $ | 7,426 |
L BRANDS, INC. CONDENSED CONSOLIDATING BALANCE SHEET (in millions) (Unaudited)
| May 2, 2015
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents | $ | — |  |  | $ | 401 |  |  | $ | 248 |  |  | $ | — |  |  | $ | 649 |
Accounts Receivable, Net | 3 |  |  | 185 |  |  | 51 |  |  | — |  |  | 239 |
Inventories | — |  |  | 1,016 |  |  | 123 |  |  | — |  |  | 1,139 |
Other | — |  |  | 172 |  |  | 86 |  |  | — |  |  | 258 |
Total Current Assets | 3 |  |  | 1,774 |  |  | 508 |  |  | — |  |  | 2,285 |
Property and Equipment, Net | — |  |  | 1,390 |  |  | 916 |  |  | — |  |  | 2,306 |
Goodwill | — |  |  | 1,318 |  |  | — |  |  | — |  |  | 1,318 |
Trade Names and Other Intangible Assets, Net | — |  |  | 411 |  |  | — |  |  | — |  |  | 411 |
Net Investments in and Advances to/from Consolidated Affiliates | 4,055 |  |  | 15,079 |  |  | 1,459 |  |  | (20,593 | ) |  | — |
Deferred Income Taxes | — |  |  | 10 |  |  | 15 |  |  | — |  |  | 25 |
Other Assets | 140 |  |  | 26 |  |  | 672 |  |  | (611 | ) |  | 227 |
Total Assets | $ | 4,198 |  |  | $ | 20,008 |  |  | $ | 3,570 |  |  | $ | (21,204 | ) |  | $ | 6,572 |
LIABILITIES AND EQUITY (DEFICIT) |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts Payable | $ | 57 |  |  | $ | 285 |  |  | $ | 297 |  |  | $ | — |  |  | $ | 639 |
Accrued Expenses and Other | 63 |  |  | 402 |  |  | 258 |  |  | — |  |  | 723 |
Income Taxes | — |  |  | 16 |  |  | 13 |  |  | — |  |  | 29 |
Total Current Liabilities | 120 |  |  | 703 |  |  | 568 |  |  | — |  |  | 1,391 |
Deferred Income Taxes | (3 | ) |  | (52 | ) |  | 303 |  |  | — |  |  | 248 |
Long-term Debt | 4,719 |  |  | 597 |  |  | — |  |  | (597 | ) |  | 4,719 |
Other Long-term Liabilities | — |  |  | 595 |  |  | 239 |  |  | (14 | ) |  | 820 |
Total Equity (Deficit) | (638 | ) |  | 18,165 |  |  | 2,460 |  |  | (20,593 | ) |  | (606 | )
Total Liabilities and Equity (Deficit) | $ | 4,198 |  |  | $ | 20,008 |  |  | $ | 3,570 |  |  | $ | (21,204 | ) |  | $ | 6,572 |
L BRANDS, INC. CONDENSED CONSOLIDATING BALANCE SHEET (in millions)
| January 30, 2016
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents | $ | — |  |  | $ | 2,190 |  |  | $ | 358 |  |  | $ | — |  |  | $ | 2,548 |
Accounts Receivable, Net | 1 |  |  | 202 |  |  | 58 |  |  | — |  |  | 261 |
Inventories | — |  |  | 978 |  |  | 144 |  |  | — |  |  | 1,122 |
Other | — |  |  | 115 |  |  | 110 |  |  | — |  |  | 225 |
Total Current Assets | 1 |  |  | 3,485 |  |  | 670 |  |  | — |  |  | 4,156 |
Property and Equipment, Net | — |  |  | 1,574 |  |  | 756 |  |  | — |  |  | 2,330 |
Goodwill | — |  |  | 1,318 |  |  | — |  |  | — |  |  | 1,318 |
Trade Names and Other Intangible Assets, Net | — |  |  | 411 |  |  | — |  |  | — |  |  | 411 |
Net Investments in and Advances to/from Consolidated Affiliates | 5,368 |  |  | 13,649 |  |  | 1,242 |  |  | (20,259 | ) |  | — |
Deferred Income Taxes | — |  |  | 11 |  |  | 19 |  |  | — |  |  | 30 |
Other Assets | 141 |  |  | 40 |  |  | 679 |  |  | (612 | ) |  | 248 |
Total Assets | $ | 5,510 |  |  | $ | 20,488 |  |  | $ | 3,366 |  |  | $ | (20,871 | ) |  | $ | 8,493 |
LIABILITIES AND EQUITY (DEFICIT) |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts Payable | $ | — |  |  | $ | 333 |  |  | $ | 335 |  |  | $ | — |  |  | $ | 668 |
Accrued Expenses and Other | 100 |  |  | 519 |  |  | 358 |  |  | — |  |  | 977 |
Current Portion of Long-term Debt | — |  |  | — |  |  | 6 |  |  | — |  |  | 6 |
Income Taxes | (3 | ) |  | 237 |  |  | (10 | ) |  | — |  |  | 224 |
Total Current Liabilities | 97 |  |  | 1,089 |  |  | 689 |  |  | — |  |  | 1,875 |
Deferred Income Taxes | (3 | ) |  | (86 | ) |  | 346 |  |  | — |  |  | 257 |
Long-term Debt | 5,714 |  |  | 597 |  |  | 1 |  |  | (597 | ) |  | 5,715 |
Other Long-term Liabilities | — |  |  | 670 |  |  | 248 |  |  | (14 | ) |  | 904 |
Total Equity (Deficit) | (298 | ) |  | 18,218 |  |  | 2,082 |  |  | (20,260 | ) |  | (258 | )
Total Liabilities and Equity (Deficit) | $ | 5,510 |  |  | $ | 20,488 |  |  | $ | 3,366 |  |  | $ | (20,871 | ) |  | $ | 8,493 |
Condensed Income Statement [Table Text Block] | L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF INCOME (in millions) (Unaudited)
| First Quarter 2016
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Sales | $ | — |  |  | $ | 2,472 |  |  | $ | 858 |  |  | $ | (716 | ) |  | $ | 2,614 |
Costs of Goods Sold, Buying and Occupancy | — |  |  | (1,539 | ) |  | (711 | ) |  | 679 |  |  | (1,571 | )
Gross Profit | — |  |  | 933 |  |  | 147 |  |  | (37 | ) |  | 1,043 |
General, Administrative and Store Operating Expenses | (3 | ) |  | (639 | ) |  | (113 | ) |  | 35 |  |  | (720 | )
Operating Income (Loss) | (3 | ) |  | 294 |  |  | 34 |  |  | (2 | ) |  | 323 |
Interest Expense | (97 | ) |  | (9 | ) |  | (2 | ) |  | 11 |  |  | (97 | )
Other Income | — |  |  | 1 |  |  | 6 |  |  | — |  |  | 7 |
Income (Loss) Before Income Taxes | (100 | ) |  | 286 |  |  | 38 |  |  | 9 |  |  | 233 |
Provision for Income Taxes | — |  |  | 62 |  |  | 19 |  |  | — |  |  | 81 |
Equity in Earnings (Loss), Net of Tax | 252 |  |  | 62 |  |  | 68 |  |  | (382 | ) |  | — |
Net Income (Loss) | $ | 152 |  |  | $ | 286 |  |  | $ | 87 |  |  | $ | (373 | ) |  | $ | 152 |
L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF INCOME (in millions) (Unaudited)
| First Quarter 2015
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Sales | $ | — |  |  | $ | 2,369 |  |  | $ | 816 |  |  | $ | (673 | ) |  | $ | 2,512 |
Costs of Goods Sold, Buying and Occupancy | — |  |  | (1,424 | ) |  | (616 | ) |  | 584 |  |  | (1,456 | )
Gross Profit | — |  |  | 945 |  |  | 200 |  |  | (89 | ) |  | 1,056 |
General, Administrative and Store Operating Expenses | (4 | ) |  | (616 | ) |  | (96 | ) |  | 32 |  |  | (684 | )
Operating Income (Loss) | (4 | ) |  | 329 |  |  | 104 |  |  | (57 | ) |  | 372 |
Interest Expense | (80 | ) |  | (8 | ) |  | (2 | ) |  | 10 |  |  | (80 | )
Other Income | — |  |  | 4 |  |  | 73 |  |  | — |  |  | 77 |
Income (Loss) Before Income Taxes | (84 | ) |  | 325 |  |  | 175 |  |  | (47 | ) |  | 369 |
Provision for Income Taxes | — |  |  | 78 |  |  | 41 |  |  | — |  |  | 119 |
Equity in Earnings (Loss), Net of Tax | 334 |  |  | 225 |  |  | 124 |  |  | (683 | ) |  | — |
Net Income (Loss) | $ | 250 |  |  | $ | 472 |  |  | $ | 258 |  |  | $ | (730 | ) |  | $ | 250 |
Condensed Statement of Comprehensive Income [Table Text Block] | L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (in millions) (Unaudited)
| First Quarter 2016
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Income (Loss) | $ | 152 |  |  | $ | 286 |  |  | $ | 87 |  |  | $ | (373 | ) |  | $ | 152 |
Other Comprehensive Income (Loss), Net of Tax: |  |  |  |  |  |  |  |  |
Foreign Currency Translation | — |  |  | — |  |  | 8 |  |  | — |  |  | 8 |
Unrealized Loss on Cash Flow Hedges | — |  |  | — |  |  | (16 | ) |  | — |  |  | (16 | )
Reclassification of Cash Flow Hedges to Earnings | — |  |  | — |  |  | 14 |  |  | — |  |  | 14 |
Unrealized Loss on Marketable Securities | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Reclassification of Gain on Marketable Securities to Earnings | — |  |  | — |  |  | (3 | ) |  | — |  |  | (3 | )
Total Other Comprehensive Income (Loss), Net of Tax | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Total Comprehensive Income (Loss) | $ | 152 |  |  | $ | 286 |  |  | $ | 89 |  |  | $ | (373 | ) |  | $ | 154 |
L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (in millions) (Unaudited)
| First Quarter 2015
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Income (Loss) | $ | 250 |  |  | $ | 472 |  |  | $ | 258 |  |  | $ | (730 | ) |  | $ | 250 |
Other Comprehensive Income (Loss), Net of Tax: |  |  |  |  |  |  |  |  |
Foreign Currency Translation | — |  |  | — |  |  | (10 | ) |  | — |  |  | (10 | )
Unrealized Loss on Cash Flow Hedges | — |  |  | — |  |  | (10 | ) |  | — |  |  | (10 | )
Reclassification of Cash Flow Hedges to Earnings | — |  |  | — |  |  | 17 |  |  | — |  |  | 17 |
Total Other Comprehensive Income (Loss), Net of Tax | — |  |  | — |  |  | (3 | ) |  | — |  |  | (3 | )
Total Comprehensive Income (Loss) | $ | 250 |  |  | $ | 472 |  |  | $ | 255 |  |  | $ | (730 | ) |  | $ | 247 |
Condensed Cash Flow Statement [Table Text Block] | L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (in millions) (Unaudited)
| Year-to-Date 2016
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Cash Provided by (Used for) Operating Activities | $ | (87 | ) |  | $ | (53 | ) |  | $ | 26 |  |  | $ | — |  |  | $ | (114 | )
Investing Activities: |  |  |  |  |  |  |  |  |
Capital Expenditures | — |  |  | (140 | ) |  | (47 | ) |  | — |  |  | (187 | )
Proceeds from Sale of Marketable Securities | — |  |  | — |  |  | 10 |  |  | — |  |  | 10 |
Acquisition, Net of Cash Acquired of $1 | — |  |  | — |  |  | (31 | ) |  | — |  |  | (31 | )
Other Investing Activities | — |  |  | 2 |  |  | 1 |  |  | — |  |  | 3 |
Net Cash Used for Investing Activities | — |  |  | (138 | ) |  | (67 | ) |  | — |  |  | (205 | )
Financing Activities: |  |  |  |  |  |  |  |  |
Borrowings from Revolving Facilities | — |  |  | — |  |  | 6 |  |  | — |  |  | 6 |
Repurchase of Common Stock | (260 | ) |  | — |  |  | — |  |  | — |  |  | (260 | )
Dividends Paid | (750 | ) |  | — |  |  | — |  |  | — |  |  | (750 | )
Excess Tax Benefits from Share-based Compensation | — |  |  | 28 |  |  | 3 |  |  | — |  |  | 31 |
Net Financing Activities and Advances to/from Consolidated Affiliates | 1,087 |  |  | (1,138 | ) |  | 51 |  |  | — |  |  | — |
Proceeds from Exercise of Stock Options | 10 |  |  | — |  |  | — |  |  | — |  |  | 10 |
Financing Costs and Other | — |  |  | (1 | ) |  | — |  |  | — |  |  | (1 | )
Net Cash Provided by (Used for) Financing Activities | 87 |  |  | (1,111 | ) |  | 60 |  |  | — |  |  | (964 | )
Effects of Exchange Rate Changes on Cash and Cash Equivalents | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Net Increase (Decrease) in Cash and Cash Equivalents | — |  |  | (1,302 | ) |  | 21 |  |  | — |  |  | (1,281 | )
Cash and Cash Equivalents, Beginning of Period | — |  |  | 2,190 |  |  | 358 |  |  | — |  |  | 2,548 |
Cash and Cash Equivalents, End of Period | $ | — |  |  | $ | 888 |  |  | $ | 379 |  |  | $ | — |  |  | $ | 1,267 |
L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (in millions) (Unaudited)
| Year-to-Date 2015
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Cash Used for Operating Activities | $ | (42 | ) |  | $ | (46 | ) |  | $ | (68 | ) |  | $ | — |  |  | $ | (156 | )
Investing Activities: |  |  |  |  |  |  |  |  |
Capital Expenditures | — |  |  | (82 | ) |  | (50 | ) |  | — |  |  | (132 | )
Proceeds from Divestiture of Third-party Apparel Sourcing Business | — |  |  | 1 |  |  | 84 |  |  | — |  |  | 85 |
Purchase of Marketable Securities | — |  |  | (50 | ) |  | — |  |  | — |  |  | (50 | )
Other Investing Activities | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Net Cash Provided by (Used) for Investing Activities | — |  |  | (131 | ) |  | 35 |  |  | — |  |  | (96 | )
Financing Activities: |  |  |  |  |  |  |  |  |
Repurchase of Common Stock | (114 | ) |  | — |  |  | — |  |  | — |  |  | (114 | )
Dividends Paid | (734 | ) |  | — |  |  | — |  |  | — |  |  | (734 | )
Excess Tax Benefits from Share-based Compensation | — |  |  | 42 |  |  | 6 |  |  | — |  |  | 48 |
Net Financing Activities and Advances to/from Consolidated Affiliates | 871 |  |  | (926 | ) |  | 55 |  |  | — |  |  | — |
Proceeds from Exercise of Stock Options | 19 |  |  | — |  |  | — |  |  | — |  |  | 19 |
Net Cash Provided by (Used for) Financing Activities | 42 |  |  | (884 | ) |  | 61 |  |  | — |  |  | (781 | )
Effects of Exchange Rate Changes on Cash and Cash Equivalents | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Net Increase (Decrease) in Cash and Cash Equivalents | — |  |  | (1,061 | ) |  | 29 |  |  | — |  |  | (1,032 | )
Cash and Cash Equivalents, Beginning of Period | — |  |  | 1,462 |  |  | 219 |  |  | — |  |  | 1,681 |
Cash and Cash Equivalents, End of Period | $ | — |  |  | $ | 401 |  |  | $ | 248 |  |  | $ | — |  |  | $ | 649 |

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