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Shareholders' Equity (Deficit) (Tables)
12 Months Ended
Jan. 29, 2022
Stockholders' Equity Note [Abstract]  
Schedule of Company's repurchase program The Company repurchased the following shares of its common stock during 2021:
Repurchase ProgramAmount
Authorized
Shares
Repurchased
Amount
Repurchased
Average Stock Price
(in millions)(in thousands)(in millions)
March 2021 (a)$500 6,996 $464 $66.30 
July 2021 (a)1,500 10,000 730 73.01 
July 2021 (b)11,234 770 68.53 
 _______________
(a)Reflects repurchases of L Brands, Inc. common stock prior to the August 2, 2021 spin-off of Victoria's Secret & Co.
(b)Reflects repurchases of Bath & Body Works, Inc. common stock subsequent to the August 2, 2021 spin-off of Victoria's Secret & Co.
Schedule of Dividends Paid
Under the authority and declaration of the Board, the Company paid the following dividends during 2021, 2020 and 2019:
Ordinary DividendsTotal Paid
(per share)(in millions)
2021
First Quarter$— $— 
Second Quarter0.15 42 
Third Quarter0.15 39 
Fourth Quarter0.15 39 
2021 Total
$0.45 $120 
2020
First Quarter$0.30 $83 
Second Quarter— — 
Third Quarter— — 
Fourth Quarter— — 
2020 Total
$0.30 $83 
2019
First Quarter$0.30 $83 
Second Quarter0.30 83 
Third Quarter0.30 83 
Fourth Quarter0.30 83 
2019 Total
$1.20 $332 
In February 2022, the Company's Board increased the annual dividend to $0.80 per share and declared the quarterly dividend of $0.20 per share, paid on March 4, 2022, to stockholders of record as of February 18, 2022.