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Supplemental Guarantor Financial Information Supplemental Guarantor Financial Information (Notes) | 6 Months Ended
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Jul. 29, 2017
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, 2022 Notes, 2023 Notes, 2035 Notes and 2036 Notes 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 July 29, 2017, January 28, 2017 and July 30, 2016 and the Condensed Consolidating Statements of Income, Comprehensive Income and Cash Flows for the periods ended July 29, 2017 and July 30, 2016. L BRANDS, INC. CONDENSED CONSOLIDATING BALANCE SHEET (in millions) (Unaudited)
| July 29, 2017
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents | $ | — |  |  | $ | 1,008 |  |  | $ | 352 |  |  | $ | — |  |  | $ | 1,360 |
Accounts Receivable, Net | — |  |  | 147 |  |  | 98 |  |  | — |  |  | 245 |
Inventories | — |  |  | 995 |  |  | 123 |  |  | — |  |  | 1,118 |
Other | — |  |  | 148 |  |  | 86 |  |  | — |  |  | 234 |
Total Current Assets | — |  |  | 2,298 |  |  | 659 |  |  | — |  |  | 2,957 |
Property and Equipment, Net | — |  |  | 1,997 |  |  | 844 |  |  | — |  |  | 2,841 |
Goodwill | — |  |  | 1,318 |  |  | 30 |  |  | — |  |  | 1,348 |
Trade Names and Other Intangible Assets, Net | — |  |  | 411 |  |  | — |  |  | — |  |  | 411 |
Net Investments in and Advances to/from Consolidated Affiliates | 4,753 |  |  | 17,731 |  |  | 1,834 |  |  | (24,318 | ) |  | — |
Deferred Income Taxes | — |  |  | 10 |  |  | 15 |  |  | — |  |  | 25 |
Other Assets | 133 |  |  | 29 |  |  | 631 |  |  | (612 | ) |  | 181 |
Total Assets | $ | 4,886 |  |  | $ | 23,794 |  |  | $ | 4,013 |  |  | $ | (24,930 | ) |  | $ | 7,763 |
LIABILITIES AND EQUITY (DEFICIT) |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts Payable | $ | 3 |  |  | $ | 414 |  |  | $ | 341 |  |  | $ | — |  |  | $ | 758 |
Accrued Expenses and Other | 101 |  |  | 452 |  |  | 307 |  |  | — |  |  | 860 |
Current Portion of Long-term Debt | — |  |  | — |  |  | 64 |  |  | — |  |  | 64 |
Income Taxes | 1 |  |  | 18 |  |  | 57 |  |  | — |  |  | 76 |
Total Current Liabilities | 105 |  |  | 884 |  |  | 769 |  |  | — |  |  | 1,758 |
Deferred Income Taxes | (3 | ) |  | (78 | ) |  | 450 |  |  | — |  |  | 369 |
Long-term Debt | 5,704 |  |  | 597 |  |  | — |  |  | (597 | ) |  | 5,704 |
Other Long-term Liabilities | 3 |  |  | 764 |  |  | 91 |  |  | (14 | ) |  | 844 |
Total Equity (Deficit) | (923 | ) |  | 21,627 |  |  | 2,703 |  |  | (24,319 | ) |  | (912 | )
Total Liabilities and Equity (Deficit) | $ | 4,886 |  |  | $ | 23,794 |  |  | $ | 4,013 |  |  | $ | (24,930 | ) |  | $ | 7,763 |
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 |
L BRANDS, INC. CONDENSED CONSOLIDATING BALANCE SHEET (in millions) (Unaudited)
| July 30, 2016
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents | $ | — |  |  | $ | 890 |  |  | $ | 383 |  |  | $ | — |  |  | $ | 1,273 |
Accounts Receivable, Net | 1 |  |  | 212 |  |  | 53 |  |  | — |  |  | 266 |
Inventories | — |  |  | 1,068 |  |  | 136 |  |  | — |  |  | 1,204 |
Other | — |  |  | 132 |  |  | 85 |  |  | — |  |  | 217 |
Total Current Assets | 1 |  |  | 2,302 |  |  | 657 |  |  | — |  |  | 2,960 |
Property and Equipment, Net | — |  |  | 1,780 |  |  | 806 |  |  | — |  |  | 2,586 |
Goodwill | — |  |  | 1,318 |  |  | 30 |  |  | — |  |  | 1,348 |
Trade Names and Other Intangible Assets, Net | — |  |  | 411 |  |  | — |  |  | — |  |  | 411 |
Net Investments in and Advances to/from Consolidated Affiliates | 4,508 |  |  | 15,320 |  |  | 1,661 |  |  | (21,489 | ) |  | — |
Deferred Income Taxes | — |  |  | 11 |  |  | 19 |  |  | — |  |  | 30 |
Other Assets | 137 |  |  | 34 |  |  | 647 |  |  | (612 | ) |  | 206 |
Total Assets | $ | 4,646 |  |  | $ | 21,176 |  |  | $ | 3,820 |  |  | $ | (22,101 | ) |  | $ | 7,541 |
LIABILITIES AND EQUITY (DEFICIT) |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts Payable | $ | 4 |  |  | $ | 438 |  |  | $ | 351 |  |  | $ | — |  |  | $ | 793 |
Accrued Expenses and Other | 104 |  |  | 481 |  |  | 294 |  |  | — |  |  | 879 |
Current Portion of Long-term Debt | — |  |  | — |  |  | 13 |  |  | — |  |  | 13 |
Income Taxes | (11 | ) |  | 4 |  |  | 141 |  |  | — |  |  | 134 |
Total Current Liabilities | 97 |  |  | 923 |  |  | 799 |  |  | — |  |  | 1,819 |
Deferred Income Taxes | (3 | ) |  | (78 | ) |  | 349 |  |  | — |  |  | 268 |
Long-term Debt | 5,702 |  |  | 597 |  |  | 4 |  |  | (597 | ) |  | 5,706 |
Other Long-term Liabilities | 1 |  |  | 736 |  |  | 155 |  |  | (15 | ) |  | 877 |
Total Equity (Deficit) | (1,151 | ) |  | 18,998 |  |  | 2,513 |  |  | (21,489 | ) |  | (1,129 | )
Total Liabilities and Equity (Deficit) | $ | 4,646 |  |  | $ | 21,176 |  |  | $ | 3,820 |  |  | $ | (22,101 | ) |  | $ | 7,541 |
L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF INCOME (in millions) (Unaudited)
| Second Quarter 2017
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Sales | $ | — |  |  | $ | 2,594 |  |  | $ | 829 |  |  | $ | (668 | ) |  | $ | 2,755 |
Costs of Goods Sold, Buying and Occupancy | — |  |  | (1,668 | ) |  | (642 | ) |  | 583 |  |  | (1,727 | )
Gross Profit | — |  |  | 926 |  |  | 187 |  |  | (85 | ) |  | 1,028 |
General, Administrative and Store Operating Expenses | (2 | ) |  | (693 | ) |  | (96 | ) |  | 64 |  |  | (727 | )
Operating Income (Loss) | (2 | ) |  | 233 |  |  | 91 |  |  | (21 | ) |  | 301 |
Interest Expense | (100 | ) |  | (22 | ) |  | (3 | ) |  | 24 |  |  | (101 | )
Other Income | — |  |  | 2 |  |  | 15 |  |  | — |  |  | 17 |
Income (Loss) Before Income Taxes | (102 | ) |  | 213 |  |  | 103 |  |  | 3 |  |  | 217 |
Provision for Income Taxes | — |  |  | 45 |  |  | 33 |  |  | — |  |  | 78 |
Equity in Earnings (Loss), Net of Tax | 241 |  |  | 297 |  |  | 230 |  |  | (768 | ) |  | — |
Net Income (Loss) | $ | 139 |  |  | $ | 465 |  |  | $ | 300 |  |  | $ | (765 | ) |  | $ | 139 |
L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (in millions) (Unaudited)
| Second Quarter 2017
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Income (Loss) | $ | 139 |  |  | $ | 465 |  |  | $ | 300 |  |  | $ | (765 | ) |  | $ | 139 |
Other Comprehensive Income (Loss), Net of Tax: |  |  |  |  |  |  |  |  |
Foreign Currency Translation | — |  |  | — |  |  | 7 |  |  | — |  |  | 7 |
Unrealized Gain (Loss) on Cash Flow Hedges | — |  |  | — |  |  | (26 | ) |  | — |  |  | (26 | )
Reclassification of Cash Flow Hedges to Earnings | — |  |  | — |  |  | 12 |  |  | — |  |  | 12 |
Total Other Comprehensive Income (Loss), Net of Tax | — |  |  | — |  |  | (7 | ) |  | — |  |  | (7 | )
Total Comprehensive Income (Loss) | $ | 139 |  |  | $ | 465 |  |  | $ | 293 |  |  | $ | (765 | ) |  | $ | 132 |
L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF INCOME (in millions) (Unaudited)
| Second Quarter 2016
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Sales | $ | — |  |  | $ | 2,724 |  |  | $ | 808 |  |  | $ | (642 | ) |  | $ | 2,890 |
Costs of Goods Sold, Buying and Occupancy | — |  |  | (1,701 | ) |  | (669 | ) |  | 593 |  |  | (1,777 | )
Gross Profit | — |  |  | 1,023 |  |  | 139 |  |  | (49 | ) |  | 1,113 |
General, Administrative and Store Operating Expenses | (2 | ) |  | (635 | ) |  | (106 | ) |  | 38 |  |  | (705 | )
Operating Income (Loss) | (2 | ) |  | 388 |  |  | 33 |  |  | (11 | ) |  | 408 |
Interest Expense | (101 | ) |  | (11 | ) |  | (3 | ) |  | 14 |  |  | (101 | )
Other Income (Loss) | (36 | ) |  | 1 |  |  | 108 |  |  | — |  |  | 73 |
Income (Loss) Before Income Taxes | (139 | ) |  | 378 |  |  | 138 |  |  | 3 |  |  | 380 |
Provision (Benefit) for Income Taxes | (13 | ) |  | 72 |  |  | 69 |  |  | — |  |  | 128 |
Equity in Earnings (Loss), Net of Tax | 378 |  |  | 223 |  |  | 196 |  |  | (797 | ) |  | — |
Net Income (Loss) | $ | 252 |  |  | $ | 529 |  |  | $ | 265 |  |  | $ | (794 | ) |  | $ | 252 |
L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (in millions) (Unaudited)
| Second Quarter 2016
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Income (Loss) | $ | 252 |  |  | $ | 529 |  |  | $ | 265 |  |  | $ | (794 | ) |  | $ | 252 |
Other Comprehensive Income (Loss), Net of Tax: |  |  |  |  |  |  |  |  |
Foreign Currency Translation | — |  |  | — |  |  | (18 | ) |  | — |  |  | (18 | )
Unrealized Gain (Loss) on Cash Flow Hedges | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
Reclassification of Cash Flow Hedges to Earnings | — |  |  | — |  |  | (5 | ) |  | — |  |  | (5 | )
Unrealized Loss on Marketable Securities | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Total Other Comprehensive Income (Loss), Net of Tax | — |  |  | — |  |  | (20 | ) |  | — |  |  | (20 | )
Total Comprehensive Income (Loss) | $ | 252 |  |  | $ | 529 |  |  | $ | 245 |  |  | $ | (794 | ) |  | $ | 232 |
L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF INCOME (in millions) (Unaudited)
| Year-to-Date 2017
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Sales | $ | — |  |  | $ | 4,890 |  |  | $ | 1,526 |  |  | $ | (1,224 | ) |  | $ | 5,192 |
Costs of Goods Sold, Buying and Occupancy | — |  |  | (3,140 | ) |  | (1,213 | ) |  | 1,092 |  |  | (3,261 | )
Gross Profit | — |  |  | 1,750 |  |  | 313 |  |  | (132 | ) |  | 1,931 |
General, Administrative and Store Operating Expenses | (6 | ) |  | (1,329 | ) |  | (186 | ) |  | 100 |  |  | (1,421 | )
Operating Income (Loss) | (6 | ) |  | 421 |  |  | 127 |  |  | (32 | ) |  | 510 |
Interest Expense | (200 | ) |  | (33 | ) |  | (5 | ) |  | 37 |  |  | (201 | )
Other Income | — |  |  | 5 |  |  | 22 |  |  | — |  |  | 27 |
Income (Loss) Before Income Taxes | (206 | ) |  | 393 |  |  | 144 |  |  | 5 |  |  | 336 |
Provision for Income Taxes | — |  |  | 65 |  |  | 38 |  |  | — |  |  | 103 |
Equity in Earnings (Loss), Net of Tax | 439 |  |  | 476 |  |  | 380 |  |  | (1,295 | ) |  | — |
Net Income (Loss) | $ | 233 |  |  | $ | 804 |  |  | $ | 486 |  |  | $ | (1,290 | ) |  | $ | 233 |
L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (in millions) (Unaudited)
| Year-to-Date 2017
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Income (Loss) | $ | 233 |  |  | $ | 804 |  |  | $ | 486 |  |  | $ | (1,290 | ) |  | $ | 233 |
Other Comprehensive Income (Loss), Net of Tax: |  |  |  |  |  |  |  |  |
Foreign Currency Translation | — |  |  | — |  |  | 10 |  |  | — |  |  | 10 |
Unrealized Gain (Loss) on Cash Flow Hedges | — |  |  | — |  |  | (16 | ) |  | — |  |  | (16 | )
Reclassification of Cash Flow Hedges to Earnings | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
Total Other Comprehensive Income (Loss), Net of Tax | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Total Comprehensive Income (Loss) | $ | 233 |  |  | $ | 804 |  |  | $ | 485 |  |  | $ | (1,290 | ) |  | $ | 232 |
L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF INCOME (in millions) (Unaudited)
| Year-to-Date 2016
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Sales | $ | — |  |  | $ | 5,196 |  |  | $ | 1,666 |  |  | $ | (1,358 | ) |  | $ | 5,504 |
Costs of Goods Sold, Buying and Occupancy | — |  |  | (3,240 | ) |  | (1,380 | ) |  | 1,272 |  |  | (3,348 | )
Gross Profit | — |  |  | 1,956 |  |  | 286 |  |  | (86 | ) |  | 2,156 |
General, Administrative and Store Operating Expenses | (4 | ) |  | (1,274 | ) |  | (219 | ) |  | 73 |  |  | (1,424 | )
Operating Income (Loss) | (4 | ) |  | 682 |  |  | 67 |  |  | (13 | ) |  | 732 |
Interest Expense | (199 | ) |  | (20 | ) |  | (5 | ) |  | 25 |  |  | (199 | )
Other Income (Loss) | (36 | ) |  | 2 |  |  | 114 |  |  | — |  |  | 80 |
Income (Loss) Before Income Taxes | (239 | ) |  | 664 |  |  | 176 |  |  | 12 |  |  | 613 |
Provision (Benefit) for Income Taxes | (14 | ) |  | 134 |  |  | 88 |  |  | — |  |  | 208 |
Equity in Earnings (Loss), Net of Tax | 630 |  |  | 285 |  |  | 264 |  |  | (1,179 | ) |  | — |
Net Income (Loss) | $ | 405 |  |  | $ | 815 |  |  | $ | 352 |  |  | $ | (1,167 | ) |  | $ | 405 |
L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (in millions) (Unaudited)
| Year-to-Date 2016
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Income (Loss) | $ | 405 |  |  | $ | 815 |  |  | $ | 352 |  |  | $ | (1,167 | ) |  | $ | 405 |
Other Comprehensive Income (Loss), Net of Tax: |  |  |  |  |  |  |  |  |
Foreign Currency Translation | — |  |  | — |  |  | (10 | ) |  | — |  |  | (10 | )
Unrealized Gain (Loss) on Cash Flow Hedges | — |  |  | — |  |  | (11 | ) |  | — |  |  | (11 | )
Reclassification of Cash Flow Hedges to Earnings | — |  |  | — |  |  | 9 |  |  | — |  |  | 9 |
Unrealized Loss on Marketable Securities | — |  |  | — |  |  | (3 | ) |  | — |  |  | (3 | )
Reclassification of Gain on Marketable Securities to Earnings | — |  |  | — |  |  | (3 | ) |  | — |  |  | (3 | )
Total Other Comprehensive Income (Loss), Net of Tax | — |  |  | — |  |  | (18 | ) |  | — |  |  | (18 | )
Total Comprehensive Income (Loss) | $ | 405 |  |  | $ | 815 |  |  | $ | 334 |  |  | $ | (1,167 | ) |  | $ | 387 |
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 | $ | (196 | ) |  | $ | 349 |  |  | $ | 68 |  |  | $ | — |  |  | $ | 221 |
Investing Activities: |  |  |  |  |  |  |  |  |
Capital Expenditures | — |  |  | (301 | ) |  | (71 | ) |  | — |  |  | (372 | )
Return of Capital from Easton Investments | — |  |  | — |  |  | 27 |  |  | — |  |  | 27 |
Other Investing Activities | — |  |  | — |  |  | (5 | ) |  | — |  |  | (5 | )
Net Cash Used for Investing Activities | — |  |  | (301 | ) |  | (49 | ) |  | — |  |  | (350 | )
Financing Activities: |  |  |  |  |  |  |  |  |
Borrowings from Foreign Facilities | — |  |  | — |  |  | 36 |  |  | — |  |  | 36 |
Repayments on Foreign Facilities | — |  |  | — |  |  | (8 | ) |  | — |  |  | (8 | )
Dividends Paid | (344 | ) |  | — |  |  | — |  |  | — |  |  | (344 | )
Repurchases of Common Stock | (132 | ) |  | — |  |  | — |  |  | — |  |  | (132 | )
Tax Payments related to Share-based Awards | (30 | ) |  | — |  |  | — |  |  | — |  |  | (30 | )
Proceeds from Exercise of Stock Options | 37 |  |  | — |  |  | — |  |  | — |  |  | 37 |
Financing Costs | (5 | ) |  | — |  |  | — |  |  | — |  |  | (5 | )
Other Financing Activities | — |  |  | (3 | ) |  | — |  |  | — |  |  | (3 | )
Net Financing Activities and Advances to/from Consolidated Affiliates | 670 |  |  | (599 | ) |  | (71 | ) |  | — |  |  | — |
Net Cash Provided by (Used for) Financing Activities | 196 |  |  | (602 | ) |  | (43 | ) |  | — |  |  | (449 | )
Effects of Exchange Rate Changes on Cash and Cash Equivalents | — |  |  | — |  |  | 4 |  |  | — |  |  | 4 |
Net Decrease in Cash and Cash Equivalents | — |  |  | (554 | ) |  | (20 | ) |  | — |  |  | (574 | )
Cash and Cash Equivalents, Beginning of Period | — |  |  | 1,562 |  |  | 372 |  |  | — |  |  | 1,934 |
Cash and Cash Equivalents, End of Period | $ | — |  |  | $ | 1,008 |  |  | $ | 352 |  |  | $ | — |  |  | $ | 1,360 |
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 | $ | (208 | ) |  | $ | 523 |  |  | $ | 193 |  |  | $ | — |  |  | $ | 508 |
Investing Activities: |  |  |  |  |  |  |  |  |
Capital Expenditures | — |  |  | (382 | ) |  | (115 | ) |  | — |  |  | (497 | )
Return of Capital from Easton Investments | — |  |  | — |  |  | 111 |  |  | — |  |  | 111 |
Acquisition, Net of Cash Acquired of $1 | — |  |  | — |  |  | (31 | ) |  | — |  |  | (31 | )
Proceeds from Sale of Marketable Securities | — |  |  | — |  |  | 10 |  |  | — |  |  | 10 |
Net Investments in Consolidated Affiliates | — |  |  | — |  |  | (38 | ) |  | 38 |  |  | — |
Other Investing Activities | — |  |  | 1 |  |  | 12 |  |  | — |  |  | 13 |
Net Cash Used for Investing Activities | — |  |  | (381 | ) |  | (51 | ) |  | 38 |  |  | (394 | )
Financing Activities: |  |  |  |  |  |  |  |  |
Proceeds from the Issuance of Long-term Debt, Net of Issuance Costs | 692 |  |  | — |  |  | — |  |  | — |  |  | 692 |
Payment of Long-term Debt | (742 | ) |  | — |  |  | — |  |  | — |  |  | (742 | )
Borrowings from Foreign Facilities | — |  |  | — |  |  | 10 |  |  | — |  |  | 10 |
Dividends Paid | (923 | ) |  | — |  |  | — |  |  | — |  |  | (923 | )
Repurchases of Common Stock | (385 | ) |  | — |  |  | — |  |  | — |  |  | (385 | )
Tax Payments related to Share-based Awards | (50 | ) |  | — |  |  | — |  |  | — |  |  | (50 | )
Proceeds from Exercise of Stock Options | 13 |  |  | — |  |  | — |  |  | — |  |  | 13 |
Other Financing Activities | — |  |  | (1 | ) |  | — |  |  | — |  |  | (1 | )
Net Financing Activities and Advances to/from Consolidated Affiliates | 1,603 |  |  | (1,441 | ) |  | (124 | ) |  | (38 | ) |  | — |
Net Cash Provided by (Used for) Financing Activities | 208 |  |  | (1,442 | ) |  | (114 | ) |  | (38 | ) |  | (1,386 | )
Effects of Exchange Rate Changes on Cash and Cash Equivalents | — |  |  | — |  |  | (3 | ) |  | — |  |  | (3 | )
Net Increase (Decrease) in Cash and Cash Equivalents | — |  |  | (1,300 | ) |  | 25 |  |  | — |  |  | (1,275 | )
Cash and Cash Equivalents, Beginning of Period | — |  |  | 2,190 |  |  | 358 |  |  | — |  |  | 2,548 |
Cash and Cash Equivalents, End of Period | $ | — |  |  | $ | 890 |  |  | $ | 383 |  |  | $ | — |  |  | $ | 1,273 |

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