XML 45 R32.htm IDEA: XBRL DOCUMENT v3.7.0.1

Fair Value Measurements (Tables)

3 Months Ended

Apr. 29, 2017

Fair Value Measurements [Abstract]

Carrying Value And Fair Value Of Long-Term Debt, Disclosure

The following table provides a summary of the principal value and estimated fair value of long-term debt, excluding foreign facility borrowings, as of April 29, 2017, January 28, 2017 and April 30, 2016:

	April 29, 2017				January 28, 2017				April 30, 2016
	(in millions)
Principal Value	$	5,750			$	5,750			$	5,750
Fair Value (a)	5,992				6,030				6,372

 _______________

(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 Topic 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 April 29, 2017, January 28, 2017 and April 30, 2016:

	Level 1				Level 2				Level 3				Total
	(in millions)
As of April 29, 2017
Assets:
Cash and Cash Equivalents	$	1,555			$	—			$	—			$	1,555
Marketable Securities	5				—				—				5
Interest Rate Fair Value Hedges	—				2				—				2
Foreign Currency Cash Flow Hedges	—				27				—				27
Liabilities:
Foreign Currency Cash Flow Hedges	—				1				—				1
As of January 28, 2017
Assets:
Cash and Cash Equivalents	$	1,934			$	—			$	—			$	1,934
Marketable Securities	5				—				—				5
Interest Rate Fair Value Hedges	—				2				—				2
Foreign Currency Cash Flow Hedges	—				18				—				18
Liabilities:
Foreign Currency Cash Flow Hedges	—				1				—				1
As of April 30, 2016
Assets:
Cash and Cash Equivalents	$	1,267			$	—			$	—			$	1,267
Marketable Securities	11				—				—				11
Interest Rate Fair Value Hedges	—				10				—				10
Foreign Currency Cash Flow Hedges	—				11				—				11

X

- Definition

Fair Value Measurements

+ References

No definition available.

+ Details

Name:	lb_FairValueMeasurementsAbstract
Namespace Prefix:	lb_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration