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Segment Information (Tables)
12 Months Ended
Jan. 30, 2021
Segment Information [Abstract]  
Schedule of Segment Reporting Information
The following table provides the Company’s segment information as of and for the fiscal years ended January 30, 2021, February 1, 2020 and February 2, 2019:
Bath & Body
Works
Victoria’s
Secret
OtherTotal
 (in millions)
2020
Net Sales$6,434 $5,413 $— $11,847 
Depreciation and Amortization202 314 521 
Operating Income (Loss) (b)1,821 (25)(216)1,580 
Total Assets (a)3,548 4,220 3,803 11,571 
Capital Expenditures103 115 10 228 
2019
Net Sales$5,355 $7,509 $50 $12,914 
Depreciation and Amortization191 394 588 
Operating Income (Loss) (c)1,224 (782)(184)258 
Total Assets (a)3,376 5,271 1,478 10,125 
Capital Expenditures245 212 458 
2018
Net Sales$4,776 $8,103 $358 $13,237 
Depreciation and Amortization164 376 547 
Operating Income (Loss) (d)1,103 518 (384)1,237 
Total Assets (a)2,393 4,443 1,254 8,090 
Capital Expenditures287 331 11 629 
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(a)Assets are allocated to the operating segments based on decision making authority relevant to the applicable assets. The 2020 and 2019 amounts reflect the Company's adoption of ASC 842, Leases, in the first quarter of 2019.
(b)Victoria's Secret includes store and lease asset impairment charges of $254 million, severance and related charges of $51 million, a $36 million net pre-tax gain related to the closure and lease termination of the Hong Kong flagship store and a $54 million net pre-tax gain related to the establishment of a joint venture for the Victoria’s Secret U.K. business with Next PLC. Bath & Body Works and Other includes severance and related charges of $12 million and $18 million, respectively. For additional information, see Note 5, “Restructuring Activities," Note 7, "Long-Lived Assets" and Note 8, "Leases."
(c)Victoria's Secret includes goodwill impairment charges of $720 million and store and lease asset impairment charges of $263 million. For additional information see Note 7, “Long-Lived Assets" and Note 9, "Goodwill and Trade Names."
(d)Victoria's Secret includes store asset impairment charges of $101 million, and Other includes a loss on the sale of La Senza of $99 million and Henri Bendel closures costs of $23 million. For additional information see Note 5, “Restructuring Activities" and Note 7, “Long-Lived Assets."