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Revenue Recognition (Notes) | 9 Months Ended
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Nov. 03, 2018
Revenue Recognition and Deferred Revenue [Abstract] |
Revenue from Contract with Customer [Text Block] | Revenue Recognition In the first quarter of 2018, the Company adopted ASC 606, Revenue from Contracts with Customers, using the modified retrospective approach. Results for the third quarter and year-to-date 2018 are presented under ASC 606, while prior period consolidated financial statements have not been adjusted and continue to be presented under the accounting standards in effect for those periods. The Company recognizes revenue based on the amount it expects to receive when control of the goods or services is transferred to the customer. The Company recognizes sales upon customer receipt of merchandise, which for direct channel revenues reflects an estimate of shipments that have not yet been received by the customer based on shipping terms and historical delivery times. The Company’s shipping and handling revenues are included in Net Sales with the related costs included in Costs of Goods Sold, Buying and Occupancy in the Consolidated Statements of Income (Loss). The Company also provides a reserve for projected merchandise returns based on historical experience. Net Sales exclude sales and other similar taxes collected from customers. The Company offers certain loyalty programs that allow customers to earn points based on purchasing activity. As customers accumulate points and reach point thresholds, they can use the points to purchase merchandise in stores or online. The Company allocates revenue to points earned on qualifying purchases and defers recognition until the points are redeemed. The amount of revenue deferred is based on the relative stand-alone selling price method, which includes an estimate for points not expected to be redeemed based on historical experience. The Company sells gift cards with no expiration dates to customers. The Company does not charge administrative fees on unused gift cards. The Company recognizes revenue from gift cards when they are redeemed by the customer. In addition, the Company recognizes revenue on unredeemed gift cards where the likelihood of the gift card being redeemed is remote and there is no legal obligation to remit the unredeemed gift cards to relevant jurisdictions (gift card breakage). Gift card breakage revenue is recognized in proportion, and over the same period, as actual gift card redemptions. The Company determines the gift card breakage rate based on historical redemption patterns. Gift card breakage is included in Net Sales in the Consolidated Statements of Income (Loss). Revenue earned in connection with Victoria’s Secret's private label credit card arrangement is recognized over the term of the license arrangement and is included in Net Sales in the 2018 Consolidated Statements of Income (Loss). The Company also recognizes revenues associated with franchise, license and wholesale arrangements. Revenue recognized under franchise and license arrangements generally consists of royalties earned and recognized upon sale of merchandise by franchise and license partners to retail customers. Revenue is generally recognized under wholesale and sourcing arrangements at the time the title passes to the partner. Accounts receivable, net from revenue-generating activities were $160 million as of November 3, 2018 and $144 million as of the beginning of the period upon adoption of the new standard. Accounts receivable primarily relate to amounts due from the Company's franchise, license and wholesale partners. Under these arrangements, payment terms are typically 60 to 75 days. The Company records deferred revenue when cash payments are received in advance of transfer of control of goods or services. Deferred revenue primarily relates to gift cards, loyalty and private label credit card programs and direct channel shipments, which are all impacted by seasonal and holiday-related sales patterns. The balance of deferred revenue was $271 million as of November 3, 2018 and $320 million as of the beginning of the period upon adoption of the new standard. The Company recognized $197 million as revenue year-to-date in 2018 from amounts recorded as deferred revenue at the beginning of the period. The Company's deferred revenue balance would have been $231 million as of November 3, 2018 under accounting standards in effect prior to the adoption of the new standard. As of November 3, 2018, the Company recorded deferred revenues of $255 million within Accrued Expenses and Other, and $16 million within Other Long-term Liabilities on the Consolidated Balance Sheet. The following table provides a disaggregation of Net Sales for the third quarter and year-to-date 2018 and 2017:
| Third Quarter |  | Year-to-Date
| 2018 |  | 2017 (a) |  | 2018 |  | 2017 (a)
| (in millions)
Victoria’s Secret Stores (b) | $ | 1,178 |  |  | $ | 1,243 |  |  | $ | 3,778 |  |  | $ | 3,840 |
Victoria’s Secret Direct | 351 |  |  | 296 |  |  | 1,065 |  |  | 878 |
Total Victoria’s Secret | 1,529 |  |  | 1,539 |  |  | 4,843 |  |  | 4,718 |
Bath & Body Works Stores (b) | 808 |  |  | 703 |  |  | 2,281 |  |  | 2,044 |
Bath & Body Works Direct | 148 |  |  | 113 |  |  | 399 |  |  | 310 |
Total Bath & Body Works | 956 |  |  | 816 |  |  | 2,680 |  |  | 2,354 |
Victoria's Secret and Bath & Body Works International (c) | 134 |  |  | 115 |  |  | 415 |  |  | 332 |
Other (d) | 156 |  |  | 148 |  |  | 447 |  |  | 405 |
Total Net Sales | $ | 2,775 |  |  | $ | 2,618 |  |  | $ | 8,385 |  |  | $ | 7,809 |
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(a) | 2017 amounts have not been adjusted under the modified retrospective approach.
(b) | Includes company-owned stores in the U.S. and Canada.
(c) | Includes company-owned stores in the U.K., Ireland and Greater China, direct sales in Greater China and wholesale sales, royalties and other fees associated with non-company owned stores.
(d) | Includes wholesale revenues from the Company's sourcing function, and La Senza and Henri Bendel store and direct sales.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -URI http://asc.fasb.org/topic&trid=2122369 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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