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Supplemental Guarantor Financial Information (Tables) | 3 Months Ended
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Apr. 29, 2017
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)
| April 29, 2017
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents | $ | — |  |  | $ | 1,207 |  |  | $ | 348 |  |  | $ | — |  |  | $ | 1,555 |
Accounts Receivable, Net | 1 |  |  | 130 |  |  | 82 |  |  | — |  |  | 213 |
Inventories | — |  |  | 1,000 |  |  | 147 |  |  | — |  |  | 1,147 |
Other | — |  |  | 130 |  |  | 107 |  |  | — |  |  | 237 |
Total Current Assets | 1 |  |  | 2,467 |  |  | 684 |  |  | — |  |  | 3,152 |
Property and Equipment, Net | — |  |  | 1,935 |  |  | 826 |  |  | — |  |  | 2,761 |
Goodwill | — |  |  | 1,318 |  |  | 30 |  |  | — |  |  | 1,348 |
Trade Names and Other Intangible Assets, Net | — |  |  | 411 |  |  | — |  |  | — |  |  | 411 |
Net Investments in and Advances to/from Consolidated Affiliates | 4,819 |  |  | 16,358 |  |  | 1,449 |  |  | (22,626 | ) |  | — |
Deferred Income Taxes | — |  |  | 10 |  |  | 13 |  |  | — |  |  | 23 |
Other Assets | 129 |  |  | 34 |  |  | 636 |  |  | (612 | ) |  | 187 |
Total Assets | $ | 4,949 |  |  | $ | 22,533 |  |  | $ | 3,638 |  |  | $ | (23,238 | ) |  | $ | 7,882 |
LIABILITIES AND EQUITY (DEFICIT) |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts Payable | $ | 2 |  |  | $ | 371 |  |  | $ | 291 |  |  | $ | — |  |  | $ | 664 |
Accrued Expenses and Other | 109 |  |  | 394 |  |  | 310 |  |  | — |  |  | 813 |
Current Portion of Long-term Debt | — |  |  | — |  |  | 44 |  |  | — |  |  | 44 |
Income Taxes | (11 | ) |  | 226 |  |  | 95 |  |  | — |  |  | 310 |
Total Current Liabilities | 100 |  |  | 991 |  |  | 740 |  |  | — |  |  | 1,831 |
Deferred Income Taxes | (3 | ) |  | (86 | ) |  | 449 |  |  | — |  |  | 360 |
Long-term Debt | 5,702 |  |  | 597 |  |  | — |  |  | (597 | ) |  | 5,702 |
Other Long-term Liabilities | 3 |  |  | 752 |  |  | 84 |  |  | (15 | ) |  | 824 |
Total Equity (Deficit) | (853 | ) |  | 20,279 |  |  | 2,365 |  |  | (22,626 | ) |  | (835 | )
Total Liabilities and Equity (Deficit) | $ | 4,949 |  |  | $ | 22,533 |  |  | $ | 3,638 |  |  | $ | (23,238 | ) |  | $ | 7,882 |
L BRANDS, INC. CONDENSED CONSOLIDATING BALANCE SHEET (in millions)
| January 28, 2017
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents | $ | — |  |  | $ | 1,562 |  |  | $ | 372 |  |  | $ | — |  |  | $ | 1,934 |
Accounts Receivable, Net | — |  |  | 228 |  |  | 66 |  |  | — |  |  | 294 |
Inventories | — |  |  | 976 |  |  | 120 |  |  | — |  |  | 1,096 |
Other | — |  |  | 53 |  |  | 88 |  |  | — |  |  | 141 |
Total Current Assets | — |  |  | 2,819 |  |  | 646 |  |  | — |  |  | 3,465 |
Property and Equipment, Net | — |  |  | 1,897 |  |  | 844 |  |  | — |  |  | 2,741 |
Goodwill | — |  |  | 1,318 |  |  | 30 |  |  | — |  |  | 1,348 |
Trade Names and Other Intangible Assets, Net | — |  |  | 411 |  |  | — |  |  | — |  |  | 411 |
Net Investments in and Advances to/from Consolidated Affiliates | 4,923 |  |  | 15,824 |  |  | 1,350 |  |  | (22,097 | ) |  | — |
Deferred Income Taxes | — |  |  | 10 |  |  | 9 |  |  | — |  |  | 19 |
Other Assets | 130 |  |  | 28 |  |  | 639 |  |  | (611 | ) |  | 186 |
Total Assets | $ | 5,053 |  |  | $ | 22,307 |  |  | $ | 3,518 |  |  | $ | (22,708 | ) |  | $ | 8,170 |
LIABILITIES AND EQUITY (DEFICIT) |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts Payable | $ | 3 |  |  | $ | 326 |  |  | $ | 354 |  |  | $ | — |  |  | $ | 683 |
Accrued Expenses and Other | 100 |  |  | 526 |  |  | 371 |  |  | — |  |  | 997 |
Current Portion of Long-term Debt | — |  |  | — |  |  | 36 |  |  | — |  |  | 36 |
Income Taxes | (11 | ) |  | 221 |  |  | 88 |  |  | — |  |  | 298 |
Total Current Liabilities | 92 |  |  | 1,073 |  |  | 849 |  |  | — |  |  | 2,014 |
Deferred Income Taxes | (3 | ) |  | (93 | ) |  | 448 |  |  | — |  |  | 352 |
Long-term Debt | 5,700 |  |  | 597 |  |  | — |  |  | (597 | ) |  | 5,700 |
Other Long-term Liabilities | 3 |  |  | 761 |  |  | 81 |  |  | (14 | ) |  | 831 |
Total Equity (Deficit) | (739 | ) |  | 19,969 |  |  | 2,140 |  |  | (22,097 | ) |  | (727 | )
Total Liabilities and Equity (Deficit) | $ | 5,053 |  |  | $ | 22,307 |  |  | $ | 3,518 |  |  | $ | (22,708 | ) |  | $ | 8,170 |
Condensed Income Statement [Table Text Block] | L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF INCOME (in millions) (Unaudited)
| First Quarter 2017
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Sales | $ | — |  |  | $ | 2,310 |  |  | $ | 696 |  |  | $ | (569 | ) |  | $ | 2,437 |
Costs of Goods Sold, Buying and Occupancy | — |  |  | (1,486 | ) |  | (571 | ) |  | 523 |  |  | (1,534 | )
Gross Profit | — |  |  | 824 |  |  | 125 |  |  | (46 | ) |  | 903 |
General, Administrative and Store Operating Expenses | (4 | ) |  | (635 | ) |  | (90 | ) |  | 35 |  |  | (694 | )
Operating Income (Loss) | (4 | ) |  | 189 |  |  | 35 |  |  | (11 | ) |  | 209 |
Interest Expense | (100 | ) |  | (11 | ) |  | (3 | ) |  | 13 |  |  | (101 | )
Other Income | — |  |  | 3 |  |  | 7 |  |  | — |  |  | 10 |
Income (Loss) Before Income Taxes | (104 | ) |  | 181 |  |  | 39 |  |  | 2 |  |  | 118 |
Provision for Income Taxes | — |  |  | 20 |  |  | 4 |  |  | — |  |  | 24 |
Equity in Earnings (Loss), Net of Tax | 198 |  |  | 179 |  |  | 150 |  |  | (527 | ) |  | — |
Net Income (Loss) | $ | 94 |  |  | $ | 340 |  |  | $ | 185 |  |  | $ | (525 | ) |  | $ | 94 |
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 |
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 2017
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Income (Loss) | $ | 94 |  |  | $ | 340 |  |  | $ | 185 |  |  | $ | (525 | ) |  | $ | 94 |
Other Comprehensive Income (Loss), Net of Tax: |  |  |  |  |  |  |  |  |
Foreign Currency Translation | — |  |  | — |  |  | 3 |  |  | — |  |  | 3 |
Unrealized Gain on Cash Flow Hedges | — |  |  | — |  |  | 9 |  |  | — |  |  | 9 |
Reclassification of Cash Flow Hedges to Earnings | — |  |  | — |  |  | (6 | ) |  | — |  |  | (6 | )
Total Other Comprehensive Income (Loss), Net of Tax | — |  |  | — |  |  | 6 |  |  | — |  |  | 6 |
Total Comprehensive Income (Loss) | $ | 94 |  |  | $ | 340 |  |  | $ | 191 |  |  | $ | (525 | ) |  | $ | 100 |
Condensed Cash Flow Statement [Table Text Block] | L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (in millions) (Unaudited)
| Year-to-Date 2017
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Cash Provided by (Used for) Operating Activities | $ | (96 | ) |  | $ | 181 |  |  | $ | (78 | ) |  | $ | — |  |  | $ | 7 |
Investing Activities: |  |  |  |  |  |  |  |  |
Capital Expenditures | — |  |  | (135 | ) |  | (30 | ) |  | — |  |  | (165 | )
Return of Capital from Easton Investments | — |  |  | — |  |  | 10 |  |  | — |  |  | 10 |
Net Cash Used for Investing Activities | — |  |  | (135 | ) |  | (20 | ) |  | — |  |  | (155 | )
Financing Activities: |  |  |  |  |  |  |  |  |
Borrowings from Foreign Facilities | — |  |  | — |  |  | 9 |  |  | — |  |  | 9 |
Repayments on Foreign Facilities | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Dividends Paid | (172 | ) |  | — |  |  | — |  |  | — |  |  | (172 | )
Repurchases of Common Stock | (85 | ) |  | — |  |  | — |  |  | — |  |  | (85 | )
Tax Payments related to Share-based Awards | (17 | ) |  | — |  |  | — |  |  | — |  |  | (17 | )
Net Financing Activities and Advances to/from Consolidated Affiliates | 334 |  |  | (401 | ) |  | 67 |  |  | — |  |  | — |
Proceeds from Exercise of Stock Options | 36 |  |  | — |  |  | — |  |  | — |  |  | 36 |
Net Cash Provided by (Used for) Financing Activities | 96 |  |  | (401 | ) |  | 75 |  |  | — |  |  | (230 | )
Effects of Exchange Rate Changes on Cash and Cash Equivalents | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Net Decrease in Cash and Cash Equivalents | — |  |  | (355 | ) |  | (24 | ) |  | — |  |  | (379 | )
Cash and Cash Equivalents, Beginning of Period | — |  |  | 1,562 |  |  | 372 |  |  | — |  |  | 1,934 |
Cash and Cash Equivalents, End of Period | $ | — |  |  | $ | 1,207 |  |  | $ | 348 |  |  | $ | — |  |  | $ | 1,555 |
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 | $ | (47 | ) |  | $ | (25 | ) |  | $ | 29 |  |  | $ | — |  |  | $ | (43 | )
Investing Activities: |  |  |  |  |  |  |  |  |
Capital Expenditures | — |  |  | (140 | ) |  | (47 | ) |  | — |  |  | (187 | )
Return of Capital from Easton Investments | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Acquisition, Net of Cash Acquired of $1 | — |  |  | — |  |  | (31 | ) |  | — |  |  | (31 | )
Proceeds from Sale of Marketable Securities | — |  |  | — |  |  | 10 |  |  | — |  |  | 10 |
Other Investing Activities | — |  |  | 2 |  |  | — |  |  | — |  |  | 2 |
Net Cash Used for Investing Activities | — |  |  | (138 | ) |  | (67 | ) |  | — |  |  | (205 | )
Financing Activities: |  |  |  |  |  |  |  |  |
Borrowings from Foreign Facilities | — |  |  | — |  |  | 6 |  |  | — |  |  | 6 |
Dividends Paid | (750 | ) |  | — |  |  | — |  |  | — |  |  | (750 | )
Repurchases of Common Stock | (260 | ) |  | — |  |  | — |  |  | — |  |  | (260 | )
Tax Payments related to Share-based Awards | (40 | ) |  | — |  |  | — |  |  | — |  |  | (40 | )
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 | 47 |  |  | (1,139 | ) |  | 57 |  |  | — |  |  | (1,035 | )
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 |

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