Segment Information

The Company has three reportable segments: Victoria’s Secret, Bath & Body Works and Victoria's Secret and Bath & Body Works International.

The Victoria’s Secret segment sells women’s intimate and other apparel, personal care and beauty products under the Victoria’s Secret and PINK brand names. Victoria’s Secret merchandise is sold online and through retail stores located in the U.S. and Canada.

The Bath & Body Works segment sells body care, home fragrance products, soaps and sanitizers under the Bath & Body Works, White Barn, C.O. Bigelow and other brand names. Bath & Body Works merchandise is sold online and at retail stores located in the U.S. and Canada.

The Victoria's Secret and Bath & Body Works International segment includes the Victoria's Secret and Bath & Body Works company-owned and partner-operated stores located outside of the U.S. and Canada, as well as its online business in Greater China on the Tmall domestic platform. This segment includes the following:


•	Victoria's Secret International, comprised of company-owned stores in the U.K., Ireland and Greater China, as well as stores operated by partners under franchise and license arrangements;


•	Victoria's Secret Beauty and Accessories, comprised of company-owned stores in Greater China, as well as stores operated by partners under franchise, license and wholesale arrangements, which feature Victoria's Secret branded beauty and accessories products in travel retail and other locations; and


•	Bath & Body Works International stores in travel retail and other locations operated by partners under franchise, license and wholesale arrangements.

Other consists of the following:


•	Mast Global, a merchandise sourcing and production function serving the Company and its international partners;


•	La Senza, which sells women's intimate apparel online and through company-owned stores located in Canada and the U.S., as well as stores operated by partners under franchise and license arrangements;


•	Henri Bendel, which sells handbags, jewelry and other accessory products online and through company-owned stores; and


•	Corporate functions including non-core real estate, equity investments and other governance functions such as treasury and tax.

The following table provides the Company’s segment information as of and for the fiscal years ended February 3, 2018, January 28, 2017 and January 30, 2016:



	Victoria’s Secret		Bath & Body Works		Victoria’s Secret and Bath & Body Works International		Other			Total
	(in millions)
February 3, 2018
Net Sales	$	7,387	$	4,148	$	502	$	595		$	12,632
Depreciation and Amortization	279		101		30		114			524
Operating Income (Loss)	932		953		5		(162		)	1,728
Total Assets (a)	3,369		1,753		800		2,227			8,149
Capital Expenditures	270		232		111		94			707
January 28, 2017
Net Sales	$	7,781	$	3,852	$	423	$	518		$	12,574
Depreciation and Amortization	252		91		17		112			472
Operating Income (Loss)	1,173		907		40		(117		)	2,003
Total Assets (a)	3,285		1,632		593		2,660			8,170
Capital Expenditures	460		250		68		212			990
January 30, 2016
Net Sales	$	7,672	$	3,587	$	385	$	510		$	12,154
Depreciation and Amortization	218		70		16		111			415
Operating Income (Loss)	1,391		858		88		(145		)	2,192
Total Assets (a)	3,163		1,556		436		3,338			8,493
Capital Expenditures	411		166		33		117			727

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(a)	Assets are allocated to the operating segments based on decision making authority relevant to the applicable assets.

The Company’s international net sales include sales from company-owned stores, royalty revenue from franchise and license arrangements, wholesale revenues and direct sales shipped internationally. Certain of these sales are subject to the impact of fluctuations in foreign currency. The Company's international net sales across all segments totaled $1.553 billion in 2017, $1.408 billion in 2016 and $1.314 billion in 2015. The Company’s internationally based long-lived assets were $451 million as of February 3, 2018 and $357 million as of January 28, 2017.