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Discontinued Operations (Tables)
 6 Months Ended
Jul. 30, 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 from Discontinued Operations, Net of Tax in the second quarter and year-to-date 2021 Consolidated Statements of Income:
Second QuarterYear-to-Date
(in millions)
Net Sales$1,614 $3,168 
Costs of Goods Sold, Buying and Occupancy(944)(1,826)
General, Administrative and Store Operating Expenses (a)(455)(892)
Interest Expense(2)(2)
Other Loss(1)(1)
Income from Discontinued Operations Before Income Taxes212 447 
Provision for Income Taxes53 102 
Income from Discontinued Operations, Net of Tax$159 $345 
 _______________
(a)The second quarter of 2021 includes Separation-related costs of $18 million. Year-to-date 2021 includes Separation-related costs of $27 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 July 31, 2021:
 (in millions)
Cash and Cash Equivalents$293 
Cash in Escrow related to Victoria's Secret & Co. Spin-Off600 
Accounts Receivable, Net99 
Inventories745 
Other89 
Current Assets of Discontinued Operations1,826 
Property and Equipment, Net999 
Operating Lease Assets1,513 
Trade Names246 
Deferred Income Taxes11 
Other Assets62 
Other Assets of Discontinued Operations$2,831 
Accounts Payable$379 
Accrued Expenses and Other587 
Current Operating Lease Liabilities332 
Income Taxes2 
Current Liabilities of Discontinued Operations1,300 
Deferred Income Taxes101 
Long-term Debt592 
Long-term Operating Lease Liabilities1,457 
Other Long-term Liabilities20 
Other Long-term Liabilities of Discontinued Operations$2,170 
The following table summarizes Depreciation of Long-Lived Assets, Share-based Compensation Expense, Capital Expenditures and Financing Activities of discontinued operations for year-to-date 2021:
(in millions)
Depreciation of Long-Lived Assets$158 
Share-based Compensation Expense15 
Capital Expenditures(66)
Proceeds from Victoria's Secret & Co. Notes600