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Discontinued Operations (Tables)
 12 Months Ended
Jan. 29, 2022
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Discontinued Operations in Financial Statements
The following table summarizes the significant line items included in Income (Loss) from Discontinued Operations, Net of Tax in the Consolidated Statements of Income (Loss) for 2021, 2020 and 2019:
 202120202019
(in millions)
Net Sales$3,194 $5,413 $7,509 
Costs of Goods Sold, Buying and Occupancy(1,841)(3,842)(5,446)
General, Administrative and Store Operating Expenses (a)(975)(1,595)(2,845)
Interest Expense(2)(6)(8)
Other Income (Loss)(3)— 1 
Income (Loss) from Discontinued Operations Before Income Taxes373 (30)(789)
Provision (Benefit) for Income Taxes115 (9)37 
Income (Loss) from Discontinued Operations, Net of Tax$258 $(21)$(826)
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(a)2021 includes Separation-related expenses of $104 million. Prior to the Separation, these costs were reported in the Other category under the Company's previous segment reporting.
The following table summarizes the carrying value of the significant classes of assets and liabilities classified as discontinued operations as of January 30, 2021:
January 30,
2021
 (in millions)
Cash and Cash Equivalents$335 
Accounts Receivable, Net121 
Inventories701 
Other82 
Current Assets of Discontinued Operations1,239 
Property and Equipment, Net1,078 
Operating Lease Assets1,590 
Trade Names246 
Deferred Income Taxes11 
Other Assets56 
Other Assets of Discontinued Operations$2,981 
Accounts Payable$338 
Accrued Expenses and Other730 
Current Operating Lease Liabilities421 
Income Taxes9 
Current Liabilities of Discontinued Operations1,498 
Deferred Income Taxes93 
Long-term Operating Lease Liabilities1,553 
Other Long-term Liabilities21 
Other Long-term Liabilities of Discontinued Operations$1,667 
The following table summarizes depreciation and other significant operating non-cash items, capital expenditures and financing activities of discontinued operations for 2021, 2020 and 2019:
202120202019
(in millions)
Depreciation of Long-Lived Assets$158 $326 $411 
Share-based Compensation Expense15 25 38 
Deferred Income Taxes3 16 (40)
Impairment of Victoria's Secret Goodwill— — 720 
Victoria's Secret Asset Impairment Charges— 254 263 
Gain from Victoria's Secret Hong Kong Store Closure and Lease Termination— (39)— 
Gain Related to Formation of Victoria's Secret U.K. Joint Venture— (54)— 
Capital Expenditures(66)(127)(225)
Net Borrowings from (Repayments of) Victoria's Secret Foreign Facilities— (155)5