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Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Feb. 02, 2019
Quarterly Financial Data [Abstract]  
Summarized Quarterly Financial Data
The following table provides summarized quarterly financial data for 2018:
 
Fiscal Quarter Ended
 
May 5,
2018
 
August 4,
2018
 
November 3,
2018 (a)(b)
 
February 2,
2019 (c)
 
(in millions except per share data)
Net Sales
$
2,626

 
$
2,984

 
$
2,775

 
$
4,852

Gross Profit
944

 
1,059

 
928

 
1,968

Operating Income
155

 
228

 
54

 
800

Income (Loss) Before Income Taxes
59

 
129

 
(41
)
 
710

Net Income (Loss)
48

 
99

 
(43
)
 
540

Net Income (Loss) Per Basic Share (d)
$
0.17

 
$
0.36

 
$
(0.16
)
 
$
1.96

Net Income (Loss) Per Diluted Share (d)
$
0.17

 
$
0.36

 
$
(0.16
)
 
$
1.94

 ________________
(a)
Gross profit includes the effect of an $81 million charge ($73 million after-tax) related to the impairment of certain Victoria's Secret store assets.
(b)
Operating income includes the effect of $20 million ($15 million after-tax) of Henri Bendel closure costs.
(c)
Operating income includes the effect of a pre-tax loss of $99 million ($55 million after-tax) related to the divestiture of La Senza.
(d)
Due to changes in stock prices during the year and timing of issuances and repurchases of shares, the cumulative total of quarterly net income per share amounts may not equal the net income per share for the year.
The following table provides summarized quarterly financial data for 2017:
 
Fiscal Quarter Ended
 
April 29,
2017
 
July 29,
2017
 
October 28,
2017
 
February 3,
2018 (a)(b)(c)
 
(in millions except per share data)
Net Sales
$
2,437

 
$
2,755

 
$
2,618

 
$
4,823

Gross Profit
903

 
1,028

 
989

 
2,040

Operating Income
209

 
301

 
232

 
987

Income Before Income Taxes
118

 
217

 
135

 
842

Net Income
94

 
139

 
86

 
664

Net Income Per Basic Share (d)
$
0.33

 
$
0.48

 
$
0.30

 
$
2.36

Net Income Per Diluted Share (d)
$
0.33

 
$
0.48

 
$
0.30

 
$
2.33


 ________________
(a)
Net income includes the effect of a pre-tax loss of $45 million ($29 million after-tax) associated with the early extinguishment of the 2019 Notes.
(b)
Includes the effect of a $92 million tax benefit related to changes in U.S. tax legislation.
(c)
The Company utilizes the retail calendar for reporting. As such, the results for fiscal 2017 represent the 53-week period ended February 3, 2018 and the fourth quarter consists of a 14-week period.
(d)
Due to changes in stock prices during the year and timing of issuances and repurchases of shares, the cumulative total of quarterly net income per share amounts may not equal the net income per share for the year.