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Supplemental Guarantor Financial Information (Tables) | 9 Months Ended
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Nov. 03, 2018
Condensed Consolidating Balance Sheet [Abstract] |
Condensed Balance Sheet [Table Text Block] | L BRANDS, INC. CONDENSED CONSOLIDATING BALANCE SHEET (in millions) (Unaudited)
| October 28, 2017
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents | $ | — |  |  | $ | 377 |  |  | $ | 358 |  |  | $ | — |  |  | $ | 735 |
Accounts Receivable, Net | 1 |  |  | 181 |  |  | 103 |  |  | — |  |  | 285 |
Inventories | — |  |  | 1,519 |  |  | 196 |  |  | — |  |  | 1,715 |
Other | (1 | ) |  | 74 |  |  | 122 |  |  | — |  |  | 195 |
Total Current Assets | — |  |  | 2,151 |  |  | 779 |  |  | — |  |  | 2,930 |
Property and Equipment, Net | — |  |  | 2,056 |  |  | 864 |  |  | — |  |  | 2,920 |
Goodwill | — |  |  | 1,318 |  |  | 30 |  |  | — |  |  | 1,348 |
Trade Names | — |  |  | 411 |  |  | — |  |  | — |  |  | 411 |
Net Investments in and Advances to/from Consolidated Affiliates | 4,552 |  |  | 18,111 |  |  | 1,687 |  |  | (24,350 | ) |  | — |
Deferred Income Taxes | — |  |  | 10 |  |  | 13 |  |  | — |  |  | 23 |
Other Assets | 130 |  |  | 26 |  |  | 640 |  |  | (612 | ) |  | 184 |
Total Assets | $ | 4,682 |  |  | $ | 24,083 |  |  | $ | 4,013 |  |  | $ | (24,962 | ) |  | $ | 7,816 |
LIABILITIES AND EQUITY (DEFICIT) |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts Payable | $ | 2 |  |  | $ | 567 |  |  | $ | 468 |  |  | $ | — |  |  | $ | 1,037 |
Accrued Expenses and Other | 108 |  |  | 485 |  |  | 303 |  |  | — |  |  | 896 |
Current Debt | — |  |  | — |  |  | 80 |  |  | — |  |  | 80 |
Income Taxes | — |  |  | — |  |  | 6 |  |  | — |  |  | 6 |
Total Current Liabilities | 110 |  |  | 1,052 |  |  | 857 |  |  | — |  |  | 2,019 |
Deferred Income Taxes | (2 | ) |  | (82 | ) |  | 451 |  |  | — |  |  | 367 |
Long-term Debt | 5,705 |  |  | 597 |  |  | — |  |  | (597 | ) |  | 5,705 |
Other Long-term Liabilities | 3 |  |  | 766 |  |  | 90 |  |  | (15 | ) |  | 844 |
Total Equity (Deficit) | (1,134 | ) |  | 21,750 |  |  | 2,615 |  |  | (24,350 | ) |  | (1,119 | )
Total Liabilities and Equity (Deficit) | $ | 4,682 |  |  | $ | 24,083 |  |  | $ | 4,013 |  |  | $ | (24,962 | ) |  | $ | 7,816 |
L BRANDS, INC. CONDENSED CONSOLIDATING BALANCE SHEET (in millions) (Unaudited)
| November 3, 2018
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents | $ | — |  |  | $ | 167 |  |  | $ | 181 |  |  | $ | — |  |  | $ | 348 |
Accounts Receivable, Net | — |  |  | 212 |  |  | 109 |  |  | — |  |  | 321 |
Inventories | — |  |  | 1,700 |  |  | 263 |  |  | — |  |  | 1,963 |
Other | 15 |  |  | 165 |  |  | 121 |  |  | — |  |  | 301 |
Total Current Assets | 15 |  |  | 2,244 |  |  | 674 |  |  | — |  |  | 2,933 |
Property and Equipment, Net | — |  |  | 2,019 |  |  | 915 |  |  | — |  |  | 2,934 |
Goodwill | — |  |  | 1,318 |  |  | 30 |  |  | — |  |  | 1,348 |
Trade Names | — |  |  | 411 |  |  | — |  |  | — |  |  | 411 |
Net Investments in and Advances to/from Consolidated Affiliates | 4,396 |  |  | 19,442 |  |  | 2,386 |  |  | (26,224 | ) |  | — |
Deferred Income Taxes | — |  |  | 9 |  |  | 11 |  |  | — |  |  | 20 |
Other Assets | 127 |  |  | 14 |  |  | 683 |  |  | (641 | ) |  | 183 |
Total Assets | $ | 4,538 |  |  | $ | 25,457 |  |  | $ | 4,699 |  |  | $ | (26,865 | ) |  | $ | 7,829 |
LIABILITIES AND EQUITY (DEFICIT) |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts Payable | $ | — |  |  | $ | 585 |  |  | $ | 475 |  |  | $ | — |  |  | $ | 1,060 |
Accrued Expenses and Other | 62 |  |  | 583 |  |  | 373 |  |  | — |  |  | 1,018 |
Current Debt | — |  |  | — |  |  | 56 |  |  | — |  |  | 56 |
Income Taxes | — |  |  | — |  |  | 8 |  |  | — |  |  | 8 |
Total Current Liabilities | 62 |  |  | 1,168 |  |  | 912 |  |  | — |  |  | 2,142 |
Deferred Income Taxes | (2 | ) |  | (43 | ) |  | 279 |  |  | — |  |  | 234 |
Long-term Debt | 5,743 |  |  | 627 |  |  | 71 |  |  | (627 | ) |  | 5,814 |
Other Long-term Liabilities | 58 |  |  | 810 |  |  | 97 |  |  | (14 | ) |  | 951 |
Total Equity (Deficit) | (1,323 | ) |  | 22,895 |  |  | 3,340 |  |  | (26,224 | ) |  | (1,312 | )
Total Liabilities and Equity (Deficit) | $ | 4,538 |  |  | $ | 25,457 |  |  | $ | 4,699 |  |  | $ | (26,865 | ) |  | $ | 7,829 |
L BRANDS, INC. CONDENSED CONSOLIDATING BALANCE SHEET (in millions)
| February 3, 2018
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents | $ | — |  |  | $ | 1,164 |  |  | $ | 351 |  |  | $ | — |  |  | $ | 1,515 |
Accounts Receivable, Net | — |  |  | 186 |  |  | 124 |  |  | — |  |  | 310 |
Inventories | — |  |  | 1,095 |  |  | 145 |  |  | — |  |  | 1,240 |
Other | — |  |  | 132 |  |  | 96 |  |  | — |  |  | 228 |
Total Current Assets | — |  |  | 2,577 |  |  | 716 |  |  | — |  |  | 3,293 |
Property and Equipment, Net | — |  |  | 1,984 |  |  | 909 |  |  | — |  |  | 2,893 |
Goodwill | — |  |  | 1,318 |  |  | 30 |  |  | — |  |  | 1,348 |
Trade Names | — |  |  | 411 |  |  | — |  |  | — |  |  | 411 |
Net Investments in and Advances to/from Consolidated Affiliates | 4,973 |  |  | 18,298 |  |  | 2,106 |  |  | (25,377 | ) |  | — |
Deferred Income Taxes | — |  |  | 10 |  |  | 4 |  |  | — |  |  | 14 |
Other Assets | 129 |  |  | 18 |  |  | 654 |  |  | (611 | ) |  | 190 |
Total Assets | $ | 5,102 |  |  | $ | 24,616 |  |  | $ | 4,419 |  |  | $ | (25,988 | ) |  | $ | 8,149 |
LIABILITIES AND EQUITY (DEFICIT) |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts Payable | $ | 2 |  |  | $ | 349 |  |  | $ | 366 |  |  | $ | — |  |  | $ | 717 |
Accrued Expenses and Other | 101 |  |  | 529 |  |  | 399 |  |  | — |  |  | 1,029 |
Current Debt | — |  |  | — |  |  | 87 |  |  | — |  |  | 87 |
Income Taxes | 6 |  |  | 174 |  |  | 18 |  |  | — |  |  | 198 |
Total Current Liabilities | 109 |  |  | 1,052 |  |  | 870 |  |  | — |  |  | 2,031 |
Deferred Income Taxes | (2 | ) |  | (46 | ) |  | 286 |  |  | — |  |  | 238 |
Long-term Debt | 5,706 |  |  | 597 |  |  | 1 |  |  | (597 | ) |  | 5,707 |
Other Long-term Liabilities | 64 |  |  | 774 |  |  | 100 |  |  | (14 | ) |  | 924 |
Total Equity (Deficit) | (775 | ) |  | 22,239 |  |  | 3,162 |  |  | (25,377 | ) |  | (751 | )
Total Liabilities and Equity (Deficit) | $ | 5,102 |  |  | $ | 24,616 |  |  | $ | 4,419 |  |  | $ | (25,988 | ) |  | $ | 8,149 |
Condensed Income Statement [Table Text Block] |
| Year-to-Date 2017
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Sales | $ | — |  |  | $ | 7,398 |  |  | $ | 2,472 |  |  | $ | (2,061 | ) |  | $ | 7,809 |
Costs of Goods Sold, Buying and Occupancy | — |  |  | (4,779 | ) |  | (1,930 | ) |  | 1,819 |  |  | (4,890 | )
Gross Profit | — |  |  | 2,619 |  |  | 542 |  |  | (242 | ) |  | 2,919 |
General, Administrative and Store Operating Expenses | (8 | ) |  | (2,059 | ) |  | (290 | ) |  | 180 |  |  | (2,177 | )
Operating Income (Loss) | (8 | ) |  | 560 |  |  | 252 |  |  | (62 | ) |  | 742 |
Interest Expense | (298 | ) |  | (61 | ) |  | (8 | ) |  | 67 |  |  | (300 | )
Other Income | — |  |  | 6 |  |  | 22 |  |  | — |  |  | 28 |
Income (Loss) Before Income Taxes | (306 | ) |  | 505 |  |  | 266 |  |  | 5 |  |  | 470 |
Provision for Income Taxes | 1 |  |  | 92 |  |  | 58 |  |  | — |  |  | 151 |
Equity in Earnings (Loss), Net of Tax | 626 |  |  | 642 |  |  | 447 |  |  | (1,715 | ) |  | — |
Net Income (Loss) | $ | 319 |  |  | $ | 1,055 |  |  | $ | 655 |  |  | $ | (1,710 | ) |  | $ | 319 |
| Year-to-Date 2018
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Sales | $ | — |  |  | $ | 7,907 |  |  | $ | 2,555 |  |  | $ | (2,077 | ) |  | $ | 8,385 |
Costs of Goods Sold, Buying and Occupancy | — |  |  | (5,243 | ) |  | (2,157 | ) |  | 1,946 |  |  | (5,454 | )
Gross Profit | — |  |  | 2,664 |  |  | 398 |  |  | (131 | ) |  | 2,931 |
General, Administrative and Store Operating Expenses | (8 | ) |  | (2,228 | ) |  | (354 | ) |  | 96 |  |  | (2,494 | )
Operating Income (Loss) | (8 | ) |  | 436 |  |  | 44 |  |  | (35 | ) |  | 437 |
Interest Expense | (288 | ) |  | (37 | ) |  | (5 | ) |  | 38 |  |  | (292 | )
Other Income (Loss) | — |  |  | 8 |  |  | (7 | ) |  | — |  |  | 1 |
Income (Loss) Before Income Taxes | (296 | ) |  | 407 |  |  | 32 |  |  | 3 |  |  | 146 |
Provision (Benefit) for Income Taxes | (1 | ) |  | 32 |  |  | 11 |  |  | — |  |  | 42 |
Equity in Earnings (Loss), Net of Tax | 399 |  |  | 340 |  |  | 294 |  |  | (1,033 | ) |  | — |
Net Income (Loss) | $ | 104 |  |  | $ | 715 |  |  | $ | 315 |  |  | $ | (1,030 | ) |  | $ | 104 |
L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF INCOME (in millions) (Unaudited)
| Third Quarter 2017
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Sales | $ | — |  |  | $ | 2,508 |  |  | $ | 947 |  |  | $ | (837 | ) |  | $ | 2,618 |
Costs of Goods Sold, Buying and Occupancy | — |  |  | (1,639 | ) |  | (717 | ) |  | 727 |  |  | (1,629 | )
Gross Profit | — |  |  | 869 |  |  | 230 |  |  | (110 | ) |  | 989 |
General, Administrative and Store Operating Expenses | (2 | ) |  | (731 | ) |  | (104 | ) |  | 80 |  |  | (757 | )
Operating Income (Loss) | (2 | ) |  | 138 |  |  | 126 |  |  | (30 | ) |  | 232 |
Interest Expense | (98 | ) |  | (28 | ) |  | (3 | ) |  | 30 |  |  | (99 | )
Other Income | — |  |  | 2 |  |  | — |  |  | — |  |  | 2 |
Income (Loss) Before Income Taxes | (100 | ) |  | 112 |  |  | 123 |  |  | — |  |  | 135 |
Provision for Income Taxes | 1 |  |  | 27 |  |  | 21 |  |  | — |  |  | 49 |
Equity in Earnings (Loss), Net of Tax | 187 |  |  | 166 |  |  | 67 |  |  | (420 | ) |  | — |
Net Income (Loss) | $ | 86 |  |  | $ | 251 |  |  | $ | 169 |  |  | $ | (420 | ) |  | $ | 86 |
L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF INCOME (LOSS) (in millions) (Unaudited)
| Third Quarter 2018
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Sales | $ | — |  |  | $ | 2,644 |  |  | $ | 965 |  |  | $ | (834 | ) |  | $ | 2,775 |
Costs of Goods Sold, Buying and Occupancy | — |  |  | (1,786 | ) |  | (838 | ) |  | 777 |  |  | (1,847 | )
Gross Profit | — |  |  | 858 |  |  | 127 |  |  | (57 | ) |  | 928 |
General, Administrative and Store Operating Expenses | (2 | ) |  | (785 | ) |  | (127 | ) |  | 40 |  |  | (874 | )
Operating Income (Loss) | (2 | ) |  | 73 |  |  | — |  |  | (17 | ) |  | 54 |
Interest Expense | (94 | ) |  | (19 | ) |  | — |  |  | 17 |  |  | (96 | )
Other Income (Loss) | — |  |  | 2 |  |  | (1 | ) |  | — |  |  | 1 |
Income (Loss) Before Income Taxes | (96 | ) |  | 56 |  |  | (1 | ) |  | — |  |  | (41 | )
Provision for Income Taxes | 1 |  |  | (1 | ) |  | 2 |  |  | — |  |  | 2 |
Equity in Earnings (Loss), Net of Tax | 54 |  |  | (92 | ) |  | (103 | ) |  | 141 |  |  | — |
Net Income (Loss) | $ | (43 | ) |  | $ | (35 | ) |  | $ | (106 | ) |  | $ | 141 |  |  | $ | (43 | )
Condensed Statement of Comprehensive Income [Table Text Block] | L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (in millions) (Unaudited)
| Third Quarter 2017
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Income (Loss) | $ | 86 |  |  | $ | 251 |  |  | $ | 169 |  |  | $ | (420 | ) |  | $ | 86 |
Other Comprehensive Income (Loss), Net of Tax: |  |  |  |  |  |  |  |  |
Foreign Currency Translation | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Unrealized Gain (Loss) on Cash Flow Hedges | — |  |  | — |  |  | 10 |  |  | — |  |  | 10 |
Reclassification of Cash Flow Hedges to Earnings | — |  |  | — |  |  | (4 | ) |  | — |  |  | (4 | )
Total Other Comprehensive Income (Loss), Net of Tax | — |  |  | — |  |  | 4 |  |  | — |  |  | 4 |
Total Comprehensive Income (Loss) | $ | 86 |  |  | $ | 251 |  |  | $ | 173 |  |  | $ | (420 | ) |  | $ | 90 |
| Year-to-Date 2017
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Income (Loss) | $ | 319 |  |  | $ | 1,055 |  |  | $ | 655 |  |  | $ | (1,710 | ) |  | $ | 319 |
Other Comprehensive Income (Loss), Net of Tax: |  |  |  |  |  |  |  |  |
Foreign Currency Translation | — |  |  | — |  |  | 8 |  |  | — |  |  | 8 |
Unrealized Gain (Loss) on Cash Flow Hedges | — |  |  | — |  |  | (7 | ) |  | — |  |  | (7 | )
Reclassification of Cash Flow Hedges to Earnings | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Unrealized Gain (Loss) on Marketable Securities | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Total Other Comprehensive Income (Loss), Net of Tax | — |  |  | — |  |  | 3 |  |  | — |  |  | 3 |
Total Comprehensive Income (Loss) | $ | 319 |  |  | $ | 1,055 |  |  | $ | 658 |  |  | $ | (1,710 | ) |  | $ | 322 |
L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (in millions) (Unaudited)
| Third Quarter 2018
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Income (Loss) | $ | (43 | ) |  | $ | (35 | ) |  | $ | (106 | ) |  | $ | 141 |  |  | $ | (43 | )
Other Comprehensive Income (Loss), Net of Tax: |  |  |  |  |  |  |  |  |
Foreign Currency Translation | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Unrealized Gain (Loss) on Cash Flow Hedges | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Total Other Comprehensive Income (Loss), Net of Tax | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Total Comprehensive Income (Loss) | $ | (43 | ) |  | $ | (35 | ) |  | $ | (107 | ) |  | $ | 141 |  |  | $ | (44 | )
| Year-to-Date 2018
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Income (Loss) | $ | 104 |  |  | $ | 715 |  |  | $ | 315 |  |  | $ | (1,030 | ) |  | $ | 104 |
Other Comprehensive Income (Loss), Net of Tax: |  |  |  |  |  |  |  |  |
Foreign Currency Translation | — |  |  | — |  |  | (24 | ) |  | — |  |  | (24 | )
Unrealized Gain (Loss) on Cash Flow Hedges | — |  |  | — |  |  | 10 |  |  | — |  |  | 10 |
Reclassification of Cash Flow Hedges to Earnings | — |  |  | — |  |  | 3 |  |  | — |  |  | 3 |
Total Other Comprehensive Income (Loss), Net of Tax | — |  |  | — |  |  | (11 | ) |  | — |  |  | (11 | )
Total Comprehensive Income (Loss) | $ | 104 |  |  | $ | 715 |  |  | $ | 304 |  |  | $ | (1,030 | ) |  | $ | 93 |
Condensed Cash Flow Statement [Table Text Block] | BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (in millions) (Unaudited)
| Year-to-Date 2018
| L Brands, Inc. |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated L Brands, Inc.
Net Cash Provided by (Used for) Operating Activities | $ | (361 | ) |  | $ | 295 |  |  | $ | 79 |  |  | $ | — |  |  | $ | 13 |
Investing Activities: |  |  |  |  |  |  |  |  |
Capital Expenditures | — |  |  | (367 | ) |  | (194 | ) |  | — |  |  | (561 | )
Return of Capital from Easton Investments | — |  |  | — |  |  | 15 |  |  | — |  |  | 15 |
Net Investments in Consolidated Affiliates | — |  |  | — |  |  | (181 | ) |  | 181 |  |  | — |
Other Investing Activities | — |  |  | 6 |  |  | 2 |  |  | — |  |  | 8 |
Net Cash Provided by (Used for) Investing Activities | — |  |  | (361 | ) |  | (358 | ) |  | 181 |  |  | (538 | )
Financing Activities: |  |  |  |  |  |  |  |  |
Payment of Long-term Debt | (52 | ) |  | — |  |  | — |  |  | — |  |  | (52 | )
Borrowing from Secured Revolving Facility | 85 |  |  | — |  |  | — |  |  | — |  |  | 85 |
Borrowings from Foreign Facilities | — |  |  | — |  |  | 110 |  |  | — |  |  | 110 |
Repayments of Foreign Facilities | — |  |  | — |  |  | (71 | ) |  | — |  |  | (71 | )
Dividends Paid | (500 | ) |  | — |  |  | — |  |  | — |  |  | (500 | )
Repurchases of Common Stock | (198 | ) |  | — |  |  | — |  |  | — |  |  | (198 | )
Tax Payments related to Share-based Awards | (13 | ) |  | — |  |  | — |  |  | — |  |  | (13 | )
Proceeds from Exercise of Stock Options | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Financing Costs and Other | (3 | ) |  | (2 | ) |  | — |  |  | — |  |  | (5 | )
Net Financing Activities and Advances to/from Consolidated Affiliates | 1,041 |  |  | (929 | ) |  | 69 |  |  | (181 | ) |  | — |
Net Cash Provided by (Used for) Financing Activities | 361 |  |  | (931 | ) |  | 108 |  |  | (181 | ) |  | (643 | )
Effects of Exchange Rate Changes on Cash and Cash Equivalents | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Net Increase (Decrease) in Cash and Cash Equivalents | — |  |  | (997 | ) |  | (170 | ) |  | — |  |  | (1,167 | )
Cash and Cash Equivalents, Beginning of Period | — |  |  | 1,164 |  |  | 351 |  |  | — |  |  | 1,515 |
Cash and Cash Equivalents, End of Period | $ | — |  |  | $ | 167 |  |  | $ | 181 |  |  | $ | — |  |  | $ | 348 |
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 | $ | (289 | ) |  | $ | 230 |  |  | $ | 197 |  |  | $ | — |  |  | $ | 138 |
Investing Activities: |  |  |  |  |  |  |  |  |
Capital Expenditures | — |  |  | (461 | ) |  | (138 | ) |  | — |  |  | (599 | )
Return of Capital from Easton Investments | — |  |  | — |  |  | 27 |  |  | — |  |  | 27 |
Net Investments in Consolidated Affiliates | — |  |  | — |  |  | (12 | ) |  | 12 |  |  | — |
Other Investing Activities | — |  |  | — |  |  | (9 | ) |  | — |  |  | (9 | )
Net Cash Provided by (Used for) Investing Activities | — |  |  | (461 | ) |  | (132 | ) |  | 12 |  |  | (581 | )
Financing Activities: |  |  |  |  |  |  |  |  |
Borrowings from Foreign Facilities | — |  |  | — |  |  | 67 |  |  | — |  |  | 67 |
Repayments of Foreign Facilities | — |  |  | — |  |  | (23 | ) |  | — |  |  | (23 | )
Dividends Paid | (516 | ) |  | — |  |  | — |  |  | — |  |  | (516 | )
Repurchases of Common Stock | (283 | ) |  | — |  |  | — |  |  | — |  |  | (283 | )
Tax Payments related to Share-based Awards | (31 | ) |  | — |  |  | — |  |  | — |  |  | (31 | )
Proceeds from Exercise of Stock Options | 37 |  |  | — |  |  | — |  |  | — |  |  | 37 |
Financing Costs and Other | (5 | ) |  | (4 | ) |  | — |  |  | — |  |  | (9 | )
Net Financing Activities and Advances to/from Consolidated Affiliates | 1,087 |  |  | (950 | ) |  | (125 | ) |  | (12 | ) |  | — |
Net Cash Provided by (Used for) Financing Activities | 289 |  |  | (954 | ) |  | (81 | ) |  | (12 | ) |  | (758 | )
Effects of Exchange Rate Changes on Cash and Cash Equivalents | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Net Decrease in Cash and Cash Equivalents | — |  |  | (1,185 | ) |  | (14 | ) |  | — |  |  | (1,199 | )
Cash and Cash Equivalents, Beginning of Period | — |  |  | 1,562 |  |  | 372 |  |  | — |  |  | 1,934 |
Cash and Cash Equivalents, End of Period | $ | — |  |  | $ | 377 |  |  | $ | 358 |  |  | $ | — |  |  | $ | 735 |

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