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Supplemental Guarantor Financial Information (Tables) | 6 Months Ended
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Jul. 29, 2017
Condensed Consolidating Balance Sheet [Abstract] |
Condensed Balance Sheet [Table Text Block] | 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) (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 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)
| 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 |
| 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 |
| 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 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 |
Condensed Statement of Comprehensive Income [Table Text Block] |
| 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 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 |
| 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 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 |
Condensed Cash Flow Statement [Table Text Block] | 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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