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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jul. 31, 2021
Aug. 01, 2020
Operating Activities:    
Net Income (Loss) $ 651 $ (346)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:    
Depreciation of Long-lived Assets 258 266
Loss on Extinguishment of Debt 105 0
Victoria's Secret Asset Impairment Charges 0 214
Share-based Compensation Expense 30 28
Deferred Income Taxes 16 (19)
Gain from Hong Kong Store Closure and Lease Termination 0 (39)
Changes in Assets and Liabilities:    
Accounts Receivable 39 37
Inventories (200) (191)
Accounts Payable, Accrued Expenses and Other (42) 304
Income Taxes Payable (144) (92)
Other Assets and Liabilities (140) 124
Net Cash Provided by Operating Activities 573 286
Investing Activities:    
Capital Expenditures (178) (124)
Other Investing Activities 10 8
Net Cash Used for Investing Activities (168) (116)
Financing Activities:    
Proceeds from Issuance of Long-Term Debt, Net of Issuance Costs 0 1,231
Proceeds from Victoria's Secret & Co. Notes 600 0
Payments of Long-term Debt (1,130) 0
Repurchases of Common Stock (1,194) 0
Dividends Paid (42) (83)
Tax Payments related to Share-based Awards (56) (6)
Proceeds from Stock Option Exercises 76 0
Other Financing Activities (6) (19)
Net Cash Provided by (Used for) Financing Activities (1,752) 1,071
Effects of Exchange Rate Changes on Cash and Cash Equivalents and Restricted Cash 2 (1)
Net Increase (Decrease) in Cash and Cash Equivalents and Restricted Cash (1,345) 1,240
Cash and Cash Equivalents and Restricted Cash, Beginning of Period 3,933 1,499
Cash and Cash Equivalents and Restricted Cash, End of Period 2,588 2,739
Credit Agreement    
Financing Activities:    
Borrowing from Credit Agreement 0 950
Repayments of Foreign Facilities 0 (950)
Foreign Facilities    
Financing Activities:    
Borrowing from Credit Agreement 0 33
Repayments of Foreign Facilities $ 0 $ (85)