Bath & Body Works (BBWI) 10-Q2 Sep 162016 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
Document and Entity Information Document - shares	Jul. 30, 2016	Aug. 26, 2016
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	LB
Entity Registrant Name	L Brands, Inc.
Entity Central Index Key	701,985
Current Fiscal Year End Date	--01-28
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		285,971,758

Consolidated Statements Of Inco

Consolidated Statements Of Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Consolidated Statements Of Income - USD ($) $ in Millions	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Income Statement [Abstract]
Net Sales	$ 2,890	$ 2,765	$ 5,504	$ 5,277
Costs of Goods Sold, Buying and Occupancy	(1,777)	(1,651)	(3,348)	(3,107)
Gross Profit	1,113	1,114	2,156	2,170
General, Administrative and Store Operating Expenses	(705)	(711)	(1,424)	(1,395)
Operating Income	408	403	732	775
Interest Expense	(101)	(78)	(199)	(158)
Other Income (Loss)	73	(2)	80	76
Income Before Income Taxes	380	323	613	693
Provision for Income Taxes	128	121	208	240
Net Income	$ 252	$ 202	$ 405	$ 453
Net Income Per Basic Share	$ 0.88	$ 0.69	$ 1.41	$ 1.55
Net Income Per Diluted Share	0.87	0.68	1.39	1.52
Dividends Per Share	$ 0.60	$ 0.50	$ 3.20	$ 3

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jul. 30, 2016	Apr. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Net Income	$ 252		$ 202	$ 405	$ 453
Other Comprehensive Income (Loss), Net of Tax:
Reclassification of Cash Flow Hedges to Earnings	(5)		(27)	9	(10)
Foreign Currency Translation	(18)		22	(10)	12
Unrealized Gain (Loss) on Cash Flow Hedges	5		14	(11)	4
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	(2)		0	(3)	0
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	0	$ (3)	0	(3)	0
Total Other Comprehensive Income (Loss), Net of Tax	(20)		9	(18)	6
Total Comprehensive Income	$ 232		$ 211	$ 387	$ 459

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 30, 2016	Jan. 30, 2016	Aug. 01, 2015
Current Assets:
Cash and Cash Equivalents	$ 1,273	$ 2,548	$ 780
Accounts Receivable, Net	266	261	257
Inventories	1,204	1,122	1,106
Other	217	225	320
Total Current Assets	2,960	4,156	2,463
Property and Equipment, Net	2,586	2,330	2,275
Goodwill	1,348	1,318	1,318
Trade Names and Other Intangible Assets, Net	411	411	411
Deferred Tax Assets, Net, Noncurrent	30	30	27
Other Assets	206	248	244
Total Assets	7,541	8,493	6,738
Current Liabilities:
Accounts Payable	793	668	725
Accrued Expenses and Other	879	977	840
Debt, Current	13	6	0
Accrued Income Taxes, Current	134	224	5
Total Current Liabilities	1,819	1,875	1,570
Deferred Income Taxes	268	257	246
Long-term Debt	5,706	5,715	4,720
Other Long-term Liabilities	877	904	849
Shareholders’ Equity (Deficit):
Preferred Stock - $1.00 par value; 10 shares authorized; none issued	0	0	0
Common Stock - $0.50 par value; 1,000 shares authorized; 314, 313 and 312 shares issued; 286, 290 and 291 shares outstanding, respectively	157	156	156
Paid-in Capital	597	545	483
Accumulated Other Comprehensive Income	22	40	41
Retained Earnings (Accumulated Deficit)	(203)	315	(194)
Less: Treasury Stock, at Average Cost; 28, 23 and 21 shares, respectively	(1,703)	(1,315)	(1,134)
Total L Brands, Inc. Shareholders’ Equity (Deficit)	(1,130)	(259)	(648)
Noncontrolling Interest	1	1	1
Total Equity (Deficit)	(1,129)	(258)	(647)
Total Liabilities and Equity (Deficit)	$ 7,541	$ 8,493	$ 6,738

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Millions	Jul. 30, 2016	Jan. 30, 2016	Aug. 01, 2015
Preferred Stock, Par Value	$ 1	$ 1	$ 1
Preferred Stock, Shares Authorized	10	10	10
Preferred Stock, Shares Issued	0	0	0
Common Stock, Par Value	$ 0.50	$ 0.50	$ 0.50
Common Stock, Shares Authorized	1,000	1,000	1,000
Common Stock, Shares, Issued	314	313	312
Common Stock, Shares, Outstanding	286	290	291
Treasury Stock, Shares	28	23	21

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015
Operating Activities:
Net Income	$ 405	$ 453
Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities:
Depreciation and Amortization of Long-lived Assets	245	224
Amortization of Landlord Allowances	(23)	(20)
Deferred Income Taxes	15	7
Share-based Compensation Expense	46	50
Excess Tax Benefits from Share-based Compensation	(37)	(61)
Gain (Loss) on Equity Method Investment Dividends Or Distributions	(108)	0
Gains (Losses) on Extinguishment of Debt	36	0
Equity Method Investment, Realized Gain (Loss) on Disposal	0	(78)
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property	0	(3)
Marketable Securities, Realized Gain (Loss), Excluding Other than Temporary Impairments	(4)	0
Changes in Assets and Liabilities, Net of Assets and Liabilities from Acquisition:
Accounts Receivable	(15)	(6)
Inventories	(77)	(71)
Accounts Payable, Accrued Expenses and Other	(33)	(36)
Income Taxes Payable	(53)	(151)
Other Assets and Liabilities	24	61
Net Cash Provided by Operating Activities	421	375
Investing Activities:
Capital Expenditures	(497)	(358)
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital	108	0
Proceeds from Sale of Equity Method Investments	0	85
Proceeds from Sale and Maturity of Marketable Securities	10	0
Proceeds from Sale of Other Assets, Investing Activities	0	135
Payments to Acquire Marketable Securities	0	(50)
Payments to Acquire Businesses, Net of Cash Acquired	(31)	0
Other Investing Activities	16	1
Net Cash Provided by (Used for) Investing Activities	(394)	(187)
Financing Activities:
Proceeds from Debt, Net of Issuance Costs	692	0
Repayments of Long-term Debt	(742)	0
Proceeds from Long-term Lines of Credit	10	0
Repurchases of Common Stock	(385)	(295)
Dividends Paid	(923)	(880)
Excess Tax Benefits from Share-based Compensation	37	61
Proceeds from Exercise of Stock Options	13	23
Proceeds from (Payments for) Other Financing Activities	(1)	0
Net Cash Provided by (Used for) Financing Activities	(1,299)	(1,091)
Effects of Exchange Rate Changes on Cash and Cash Equivalents	(3)	2
Net Increase (Decrease) in Cash and Cash Equivalents	(1,275)	(901)
Cash and Cash Equivalents, Beginning of Period	2,548	1,681
Cash and Cash Equivalents, End of Period	$ 1,273	$ 780

Description Of Business And Bas

Description Of Business And Basis Of Presentation	6 Months Ended
Description Of Business And Basis Of Presentation	Jul. 30, 2016
Description Of Business And Basis Of Presentation [Abstract]
Description Of Business And Basis Of Presentation	Description of Business and Basis of Presentation Description of Business L Brands, Inc. (“the Company”) operates in the highly competitive specialty retail business. The Company is a specialty retailer of women’s intimate and other apparel, beauty and personal care products and accessories. The Company sells its merchandise through company-owned specialty retail stores in the United States (“U.S.”), Canada, United Kingdom ("U.K.") and Greater China (China and Hong Kong), and through its websites and other channels. The Company's other international operations are primarily through franchise, license and wholesale partners. The Company currently operates the following retail brands: • Victoria’s Secret • PINK • Bath & Body Works • La Senza • Henri Bendel Fiscal Year The Company’s fiscal year ends on the Saturday nearest to January 31. As used herein, “ second quarter of 2016 ” and “ second quarter of 2015 ” refer to the thirteen week periods ending July 30, 2016 and August 1, 2015 , respectively. " Year-to-date 2016 " and " year-to-date 2015 " refer to the twenty-six week periods ending July 30, 2016 and August 1, 2015 , respectively. Basis of Consolidation The Consolidated Financial Statements include the accounts of the Company and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The Company accounts for investments in unconsolidated entities where it exercises significant influence, but does not have control, using the equity method. Under the equity method of accounting, the Company recognizes its share of the investee's net income or loss. Losses are only recognized to the extent the Company has positive carrying value related to the investee. Carrying values are only reduced below zero if the Company has an obligation to provide funding to the investee. The Company’s share of net income or loss of unconsolidated entities from which the Company purchases merchandise or merchandise components is included in Costs of Goods Sold, Buying and Occupancy on the Consolidated Statements of Income. The Company’s share of net income or loss of all other unconsolidated entities is included in Other Income on the Consolidated Statements of Income. The Company’s equity method investments are required to be tested for impairment when it is determined there may be an other-than-temporary loss in value. Interim Financial Statements The Consolidated Financial Statements as of and for the periods ended July 30, 2016 and August 1, 2015 are unaudited and are presented pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). These Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and Notes thereto contained in the Company’s 2015 Annual Report on Form 10-K. In the opinion of management, the accompanying Consolidated Financial Statements reflect all adjustments which are of a normal recurring nature and necessary for a fair presentation of the results for the interim periods. Seasonality of Business Due to seasonal variations in the retail industry, the results of operations for any interim period are not necessarily indicative of the results expected for the full fiscal year. Concentration of Credit Risk and Investments The Company maintains cash and cash equivalents and derivative contracts with various major financial institutions. The Company monitors the relative credit standing of financial institutions with whom the Company transacts and limits the amount of credit exposure with any one entity. Currently, the Company’s investment portfolio is primarily comprised of U.S. government obligations, U.S. Treasury and AAA-rated money market funds, commercial paper and bank deposits. The Company also periodically reviews the relative credit standing of franchise, license and wholesale partners and other entities to which the Company grants credit terms in the normal course of business. The Company records an allowance for uncollectable accounts when it becomes probable that the counterparty will be unable to pay. Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with U.S. generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period, as well as the related disclosure of contingent assets and liabilities at the date of the financial statements. Actual results may differ from those estimates, and the Company revises its estimates and assumptions as new information becomes available.

New Accounting Pronouncement (N

New Accounting Pronouncement (Notes)	6 Months Ended
New Accounting Pronouncement (Notes)	Jul. 30, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	New Accounting Pronouncements Revenue from Contracts with Customers In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers . This guidance requires companies to recognize revenue in a manner that depicts the transfer of promised goods or services to customers in amounts that reflect the consideration to which a company expects to be entitled in exchange for those goods or services. The new standard also will result in enhanced disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. This guidance will be effective beginning in fiscal 2018, with early adoption as of fiscal 2017 permitted. The standard allows for either a full retrospective or a modified retrospective transition method. The Company is currently evaluating this standard, including the transition method and timing of adoption, and the related impact on its Consolidated Statements of Income and Comprehensive Income, Balance Sheets and Statements of Cash Flows. Leases In February 2016, the FASB issued ASU No. 2016-02, Leases . This guidance requires companies classified as lessees to put most leases on their balance sheets but recognize expenses on their income statements in a manner similar to today’s accounting. The new standard also will result in enhanced quantitative and qualitative disclosures, including significant judgments made by management, to provide greater insight into the extent of revenue and expense recognized and expected to be recognized from existing leases. The standard requires modified retrospective adoption and will be effective beginning in fiscal 2019, with early adoption permitted. The Company is currently evaluating this standard, including the timing of adoption, and the related impact on its Consolidated Statements of Income and Comprehensive Income, Balance Sheets and Statements of Cash Flows. Simplifying the Presentation of Share-Based Compensation In March 2016, the FASB issued ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting . This guidance requires companies to recognize income tax effects of awards in the income statement when the awards vest or are settled. It also will allow an employer to repurchase more of an employee’s shares than it can today for tax withholding purposes without triggering liability accounting and to make a policy election to account for forfeitures as they occur. The standard also will require all tax-related cash flows resulting from share-based payments to be reported as operating activities on the statements of cash flows, and any cash payments made to taxing authorities on an employee's behalf as financing activities. The standard will be effective beginning in fiscal 2017, with early adoption permitted. The Company is currently evaluating this standard, including the timing of adoption, and the related impact on its Consolidated Statements of Income and Comprehensive Income, Balance Sheets and Statements of Cash Flows. Simplifying the Presentation of Debt Issuance Costs In April 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs. This guidance requires companies to recognize debt issuance costs related to recognized debt liabilities on the balance sheet as a direct deduction from the carrying amount of those debt liabilities, consistent with debt discounts. This guidance is effective beginning in fiscal year 2016, with early adoption permitted. The Company elected to early adopt this standard effective January 30, 2016. Upon adoption, prior period financial statements were recast as required by the standard to present debt issuance costs as a direct deduction from the carrying value of the related debt liabilities. The impact of the adoption of this standard is a decrease of $39 million to Other Assets and Long-term Debt on the August 1, 2015 Consolidated Balance Sheet. Balance Sheet Classification of Deferred Taxes In November 2015, the FASB issued ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes. This guidance requires companies to present all deferred tax assets and liabilities as noncurrent in the balance sheet. This guidance will be effective beginning in fiscal 2017, and early adoption is permitted. The Company elected to early adopt this standard effective January 30, 2016 using the retrospective application transition method. Upon adoption, prior period financial statements were recast to present all deferred tax assets and liabilities as noncurrent on the balance sheet. The impact of the adoption of this standard on the August 1, 2015 Consolidated Balance Sheet is a decrease in current deferred income tax assets of approximately $35 million ; an increase in noncurrent deferred income tax assets of $8 million ; and a decrease to noncurrent deferred income tax liabilities of $27 million .

Earnings Per Share And Sharehol

Earnings Per Share And Shareholders' Equity	6 Months Ended
Earnings Per Share And Shareholders' Equity	Jul. 30, 2016
Earnings Per Share And Shareholders' Equity [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Earnings Per Share and Shareholders’ Equity (Deficit) Earnings Per Share Earnings per basic share is computed based on the weighted-average number of outstanding common shares. Earnings per diluted share include the weighted-average effect of dilutive options and restricted stock on the weighted-average shares outstanding. The following table provides shares utilized for the calculation of basic and diluted earnings per share for the second quarter and year-to-date 2016 and 2015 : Second Quarter Year-to-Date 2016 2015 2016 2015 (in millions) Weighted-average Common Shares: Issued Shares 314 312 314 312 Treasury Shares (27 ) (21 ) (27 ) (20 ) Basic Shares 287 291 287 292 Effect of Dilutive Options and Restricted Stock 4 6 5 6 Diluted Shares 291 297 292 298 Anti-dilutive Options and Awards (a) 3 1 2 1 _______________ (a) These options and awards were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. Shareholders’ Equity (Deficit) Common Stock Share Repurchases Under the authority of the Company’s Board of Directors, the Company repurchased shares of its common stock under the following repurchase programs for year-to-date 2016 and 2015 : Amount Authorized Shares Repurchased Amount Repurchased Average Stock Price of Shares Repurchased within Program Repurchase Program 2016 2015 2016 2015 (in millions) (in thousands) (in millions) February 2016 $ 500 4,968 NA $ 388 NA $ 78.07 June 2015 $ 250 NA 624 NA $ 52 $ 83.75 February 2015 $ 250 NA 2,788 NA $ 250 $ 89.45 In the first quarter of 2016, the Company's Board of Directors approved a new $500 million share repurchase program, which included $17 million remaining under the June 2015 repurchase program. The February 2016 repurchase program had $112 million remaining as of July 30, 2016 . Subsequent to July 30, 2016 , the Company repurchased an additional 0.3 million shares of common stock for $19 million under this program. There were $3 million of share repurchases reflected in Accounts Payable on the July 30, 2016 Consolidated Balance Sheet and $7 million as of August 1, 2015 . There were no share repurchases reflected in Accounts Payable on the January 30, 2016 Consolidated Balance Sheet. Dividends Under the authority and declaration of the Board of Directors, the Company paid the following dividends during year-to-date 2016 and 2015 : Ordinary Dividends Special Dividends Total Dividends Total Paid (per share) (in millions) 2016 Second Quarter $ 0.60 $ — $ 0.60 $ 173 First Quarter 0.60 2.00 2.60 750 2016 Total $ 1.20 $ 2.00 $ 3.20 $ 923 2015 Second Quarter $ 0.50 $ — $ 0.50 $ 146 First Quarter 0.50 2.00 2.50 734 2015 Total $ 1.00 $ 2.00 $ 3.00 $ 880

Acquisition Acquisition (Notes)

Acquisition Acquisition (Notes)	6 Months Ended
Acquisition Acquisition (Notes)	Jul. 30, 2016
Acquisition [Abstract]
Acquisition	Acquisition On April 18, 2016 , the Company completed the acquisition of 100% of the shares of American Beauty Limited for a total purchase price of $44 million . This agreement includes the reacquisition of the franchise rights from one of our partners to operate Victoria's Secret Beauty and Accessories stores in Greater China, including 26 stores already open at the time of acquisition. The purchase price includes $10 million in forgiveness of liabilities owed to the Company from the pre-existing relationship and $2 million related to consideration not yet paid. As a result of this acquisition, the Company's financial statements now include the financial results of American Beauty Limited, which are reported as part of the Victoria's Secret and Bath & Body Works International segment. The total purchase price was allocated to the net tangible and intangible assets acquired based on their estimated fair value. Such estimated fair values require management to make estimates and judgments, especially with respect to intangible assets. The allocation of the purchase price to goodwill was complete as of July 30, 2016 . Goodwill related to the acquisition is not deductible for tax purposes. The allocation of the purchase price to the fair value of assets acquired and liabilities assumed is as follows: (in millions) Cash and Cash Equivalents $ 1 Inventories 3 Property and Equipment 10 Goodwill 30 Other Assets 3 Current Liabilities (3 ) Net Assets Acquired $ 44 Forgiveness of Liabilities Owed to the Company (10 ) Consideration Not Yet Paid (2 ) Consideration Paid at Closing $ 32

Restructuring Activities (Notes

Restructuring Activities (Notes)	6 Months Ended
Restructuring Activities (Notes)	Jul. 30, 2016
Restructuring and Related Activities [Abstract]
Restructuring Activities	Restructuring Activities During the first quarter of 2016, the Company announced strategic actions within the Victoria’s Secret segment designed to focus the brand on its core merchandise categories and streamline operations. The Company announced it will place more focus on brand building and loyalty-enhancing marketing and advertising rather than using traditional catalogues and offers. As a result of these actions, the Company recorded charges related to cancellations of fabric commitments for non-go forward merchandise and a reserve against paper that was previously intended for future catalogues. These costs, totaling $11 million , including non-cash charges of $10 million , are included in Cost of Goods Sold, Buying and Occupancy on the year-to-date 2016 Consolidated Statement of Income. These actions also resulted in the elimination of approximately 200 positions primarily in the Company's Ohio and New York home offices. Severance and related costs associated with these eliminations, totaling $24 million , are included in General, Administrative and Store Operating Expenses on the year-to-date 2016 Consolidated Statement of Income. The Company recognized a total pre-tax charge of $35 million for these items in the first quarter of 2016 . Through the second quarter of 2016, the Company made cash payments of $8 million and decreased the estimate of expected severance and related costs by $1 million . The remaining balance of $16 million is included in Accrued Expenses and Other on the July 30, 2016 Consolidated Balance Sheet.

Inventories

Inventories	6 Months Ended
Inventories	Jul. 30, 2016
Inventory, Net [Abstract]
Inventories	Inventories The following table provides details of inventories as of July 30, 2016 , January 30, 2016 and August 1, 2015 : July 30, January 30, August 1, (in millions) Finished Goods Merchandise $ 1,062 $ 1,014 $ 963 Raw Materials and Merchandise Components 142 108 143 Total Inventories $ 1,204 $ 1,122 $ 1,106 Inventories are principally valued at the lower of cost, as determined by the weighted-average cost method, or market.

Property And Equipment, Net

Property And Equipment, Net	6 Months Ended
Property And Equipment, Net	Jul. 30, 2016
Property, Plant and Equipment [Abstract]
Property And Equipment, Net	Property and Equipment, Net The following table provides details of property and equipment, net as of July 30, 2016 , January 30, 2016 and August 1, 2015 : July 30, January 30, August 1, (in millions) Property and Equipment, at Cost $ 5,991 $ 5,639 $ 5,565 Accumulated Depreciation and Amortization (3,405 ) (3,309 ) (3,290 ) Property and Equipment, Net $ 2,586 $ 2,330 $ 2,275 Depreciation expense was $124 million and $113 million for the second quarter of 2016 and 2015 , respectively. Depreciation expense was $245 million and $224 million for year-to-date 2016 and 2015 , respectively.

Equity Investments And Other

Equity Investments And Other	6 Months Ended
Equity Investments And Other	Jul. 30, 2016
Equity Method Investment, Summarized Financial Information [Abstract]
Equity Investments And Other	Equity Investments and Other Third-party Apparel Sourcing Business In the first quarter of 2015, the Company divested its remaining ownership interest in its third-party apparel sourcing business. The Company received cash proceeds of $85 million and recognized a pre-tax gain of $78 million (after-tax gain of $69 million ). The gain is included in Other Income (Loss) in the year-to-date 2015 Consolidated Statement of Income and the cash proceeds are included in Proceeds from Divestiture of Third-party Apparel Sourcing Business within the Investing Activities section of the 2015 Consolidated Statement of Cash Flows. Easton Investments The Company has land and other investments in Easton, a 1,300 -acre planned community in Columbus, Ohio, that integrates office, hotel, retail, residential and recreational space. These investments totaled $80 million as of July 30, 2016 , $86 million as of January 30, 2016 and $94 million as of August 1, 2015 and are recorded in Other Assets on the Consolidated Balance Sheets. Included in the Company’s Easton investments is an equity interest in Easton Town Center, LLC (“ETC”), an entity that owns and has developed a commercial entertainment and shopping center. The Company’s investment in ETC is accounted for using the equity method of accounting. The Company has a majority financial interest in ETC, but another unaffiliated member manages ETC. Certain significant decisions regarding ETC require the consent of unaffiliated members in addition to the Company. In July 2016, ETC refinanced its bank loan. In conjunction with the loan refinancing, the Company received a cash distribution from ETC of $124 million and recognized a pre-tax gain of $108 million (after-tax gain of $70 million ). The gain is included in Other Income (Loss) on the 2016 Consolidated Statements of Income and the return of capital is included within the Investing Activities section of the 2016 Consolidated Statement of Cash Flows. Also included in the Company's Easton investments is an equity interest in Easton Gateway, LLC ("EG"), an entity that owns and has developed a commercial shopping center in the Easton community. The Company's investment in EG is accounted for using the equity method of accounting. The Company has a majority financial interest in EG, but another unaffiliated member manages EG. Certain significant decisions regarding EG require the consent of the unaffiliated member in addition to the Company.

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jul. 30, 2016
Current Income Tax Expense (Benefit), Continuing Operations [Abstract]
Income Taxes	Income Taxes The provision for income taxes is based on the current estimate of the annual effective tax rate and is adjusted as necessary for quarterly events. The Company’s quarterly effective tax rate does not reflect a benefit associated with losses related to certain foreign subsidiaries. For the second quarter of 2016 , the Company’s effective tax rate was 33.6% compared to 37.4% in the second quarter of 2015 . The second quarter 2016 rate was lower than the Company's combined estimated federal and state statutory rate primarily due to the resolution of certain tax matters. The second quarter 2015 rate was lower than the Company’s combined estimated federal and state statutory rate primarily due to foreign earnings taxed at a rate lower than our combined federal and state rate. For year-to-date 2016 , the Company’s effective tax rate was 34.0% compared to 34.6% year-to-date 2015 . The year-to-date 2016 rate was lower than the Company's combined estimated federal and state statutory rate primarily due to the resolution of certain tax matters. The year-to-date 2015 rate was lower than the Company’s combined estimated federal and state statutory rate primarily due to the foreign portion of the divestiture of our third-party apparel sourcing business. As of July 30, 2016 , any unrecognized deferred income tax liability resulting from the Company's undistributed foreign earnings from non-U.S. subsidiaries is not expected to reverse in the foreseeable future; furthermore, the undistributed foreign earnings are permanently reinvested. If the Company elects to distribute these foreign earnings in the future, they could be subject to additional income taxes. Determination of the amount of any unrecognized deferred income tax liability on these undistributed foreign earnings is not practicable because such liability, if any, is dependent on circumstances existing if and when remittance occurs. Income taxes paid were approximately $111 million and $182 million for the second quarter of 2016 and 2015 , respectively. Income taxes paid were approximately $338 million and $370 million for year-to-date 2016 and 2015 , respectively. Uncertain Tax Positions The Company had gross unrecognized tax benefits of $248 million as of January 30, 2016 , of which approximately $217 million , if recognized, would favorably affect the effective income tax rate in future periods. For year-to-date 2016, the Company had a net decrease to gross unrecognized tax benefits of $90 million , primarily due to the resolution of certain tax matters, resulting in an $11 million benefit to the Company's Provision for Income Taxes. Of the total unrecognized benefits as of July 30, 2016 , it is reasonably possible that $83 million could change in the next 12 months due to audit settlements, expiration of statute of limitations or other resolution of uncertainties. Due to the uncertain and complex application of tax regulations, it is possible that the ultimate resolution of audits may result in amounts which could be different from this estimate. In such case, the Company will record additional tax expense or tax benefit in the period in which such matters are effectively settled. The Company recognizes interest and penalties related to unrecognized tax benefits as components of income tax expense. As of July 30, 2016 , January 30, 2016 and August 1, 2015 , the Company had accrued $27 million , $38 million , and $36 million respectively, for the payment of interest and penalties.

Long-term Debt

Long-term Debt	6 Months Ended
Long-term Debt	Jul. 30, 2016
Long-term Debt, by Current and Noncurrent [Abstract]
Long-term Debt	Long-term Debt The following table provides the Company’s debt balance, net of debt issuance costs and unamortized discounts, as of July 30, 2016 , January 30, 2016 and August 1, 2015 : July 30, January 30, August 1, (in millions) Senior Unsecured Debt with Subsidiary Guarantee $1 billion, 6.875% Fixed Interest Rate Notes due November 2035 (“2035 Notes”) $ 989 $ 988 $ — $1 billion, 5.625% Fixed Interest Rate Notes due February 2022 (“2022 Notes”) 992 991 990 $1 billion, 6.625% Fixed Interest Rate Notes due April 2021 (“2021 Notes”) 991 990 989 $700 million, 6.75% Fixed Interest Rate Notes due July 2036 (“2036 Notes”) 692 — — $500 million, 8.50% Fixed Interest Rate Notes due June 2019 (“2019 Notes”)(a) 500 499 495 $500 million, 5.625% Fixed Interest Rate Notes due October 2023 (“2023 Notes”) 497 496 496 $400 million, 7.00% Fixed Interest Rate Notes due May 2020 (“2020 Notes”) 396 396 395 Total Senior Unsecured Debt with Subsidiary Guarantee $ 5,057 $ 4,360 $ 3,365 Senior Unsecured Debt $350 million, 6.95% Fixed Interest Rate Debentures due March 2033 (“2033 Notes”) $ 348 $ 348 $ 348 $300 million, 7.60% Fixed Interest Rate Notes due July 2037 (“2037 Notes”) 297 297 297 $700 million, 6.90% Fixed Interest Rate Notes due July 2017 (“2017 Notes”)(b) — 709 710 Foreign Facilities 17 7 — Total Senior Unsecured Debt $ 662 $ 1,361 $ 1,355 Total $ 5,719 $ 5,721 $ 4,720 Current Portion of Long-term Debt (13 ) (6 ) — Total Long-term Debt, Net of Current Portion $ 5,706 $ 5,715 $ 4,720 ________________ (a) The balances include a fair value interest rate hedge adjustment which increased the debt balance by $8 million as of July 30, 2016 , $8 million as of January 30, 2016 and $5 million as of August 1, 2015 . (b) The balances include a fair value interest rate hedge adjustment which increased the debt balance by $10 million as of January 30, 2016 and $11 million as of August 1, 2015 . In the fourth quarter of 2015, the Company adopted ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs. The impact of the adoption of this standard is a decrease to Other Assets and Long-term Debt on the August 1, 2015 Consolidated Balance Sheet of $39 million . For additional information, see Note 2 , "New Accounting Pronouncements." Issuance of Notes In June 2016, the Company issued $700 million of 6.75% notes due in July 2036. The obligation to pay principal and interest on these notes is jointly and severally guaranteed on a full and unconditional basis by certain of the Company's 100% owned subsidiaries (the "Guarantors"). The proceeds from the issuance were $692 million , which were net of issuance costs of $8 million . These issuance costs are being amortized through the maturity date of July 2036 and are included within Long-term Debt on the July 30, 2016 Consolidated Balance Sheet. In October 2015, the Company issued $1 billion of 6.875% notes due in November 2035. The obligation to pay principal and interest on these notes is jointly and severally guaranteed on a full and unconditional basis by the Guarantors. The proceeds from the issuance were $988 million , which were net of issuance costs of $12 million . These issuance costs are being amortized through the maturity date of November 2035 and are included within Long-term Debt on the July 30, 2016 and January 30, 2016 Consolidated Balance Sheets. Repurchase of Notes In July 2016, the Company used the proceeds from the 2036 Notes to repurchase the $700 million 2017 Notes for $742 million . The pre-tax net loss on extinguishment of this debt was $36 million (after-tax net loss of $22 million ), which is net of gains of $7 million related to terminated interest rate swaps associated with the 2017 Notes. This loss is included in Other Income (Loss) in the 2016 Consolidated Statements of Income. Revolving Facilities The Company maintains a secured revolving credit facility (“Revolving Facility”). The Revolving Facility has aggregate availability of $1 billion and expires July 18, 2019. The fees related to committed and unutilized amounts are 0.30% per annum, and the fees related to outstanding letters of credit are 1.50% per annum. In addition, the interest rate on outstanding U.S. dollar borrowings or British pound borrowings is London Interbank Offered Rate (“LIBOR”) plus 1.50% per annum. The interest rate on outstanding Canadian dollar borrowings is Canadian Dollar Offered Rate ("CDOR") plus 1.50% per annum. The Revolving Facility contains fixed charge coverage and debt to EBITDA financial covenants. The Company is required to maintain a fixed charge coverage ratio of not less than 1.75 to 1.00 and a consolidated debt to consolidated EBITDA ratio not exceeding 4.00 to 1.00 for the most recent four-quarter period. In addition, the Revolving Facility provides that investments and restricted payments may be made, without limitation on amount, if (a) at the time of and after giving effect to such investment or restricted payment, the ratio of consolidated debt to consolidated EBITDA for the most recent four-quarter period is less than 3.00 to 1.00 and (b) no default or event of default exists. As of July 30, 2016 , the Company was in compliance with both of its financial covenants, and the ratio of consolidated debt to consolidated EBITDA was less than 3.00 to 1.00 . As of July 30, 2016 , there were no borrowings outstanding under the Revolving Facility. The Revolving Facility supports the Company’s letter of credit program. The Company had $8 million of outstanding letters of credit as of July 30, 2016 that reduce its remaining availability under the Revolving Facility. In addition to the Revolving Facility, the Company maintains various revolving and term loan bank facilities with availability totaling $100 million to support its foreign operations ("Foreign Facilities"). These Foreign Facilities mature between November 15, 2016 and July 31, 2017. The interest rates on outstanding borrowings are based upon the applicable benchmark rate for the currency of each borrowing. During the second quarter of 2016 , the Company borrowed $4 million under the Foreign Facilities. The maximum daily amount outstanding at any point in time during 2016 was $17 million . As of July 30, 2016 , there were borrowings of $17 million outstanding under the Foreign Facilities. Fair Value Interest Rate Swap Arrangements For information related to the Company’s fair value interest rate swap arrangements, see Note 11 , “Derivative Instruments.”

Derivative Instruments

Derivative Instruments	6 Months Ended
Derivative Instruments	Jul. 30, 2016
Summary of Derivative Instruments [Abstract]
Derivative Instruments	Derivative Instruments Foreign Exchange Risk The Company has a cross-currency swap related to an intercompany loan of approximately CAD $170 million maturing in January 2018 which is designated as a cash flow hedge of foreign currency exchange risk. This cross-currency swap mitigates the exposure to fluctuations in the U.S. dollar-Canadian dollar exchange rate related to the Company's Canadian operations. The cross-currency swap requires the periodic exchange of fixed-rate Canadian dollar interest payments for fixed-rate U.S. dollar interest payments as well as exchange of Canadian dollar and U.S. dollar principal payments upon maturity. Changes in the U.S. dollar-Canadian dollar exchange rate and the related swap settlements result in reclassification of amounts from accumulated other comprehensive income to earnings to completely offset foreign currency transaction gains and losses recognized on the intercompany loan. The following table provides a summary of the fair value and balance sheet classification of the derivative financial instruments designated as foreign exchange cash flow hedges as of July 30, 2016 , January 30, 2016 and August 1, 2015 : July 30, January 30, August 1, (in millions) Other Assets $ 16 $ 27 $ 25 The following table provides a summary of the pre-tax financial statement effect of the gains and losses on the Company’s derivative instruments designated as foreign exchange cash flow hedges for the second quarter and year-to-date 2016 and 2015 : Second Quarter Year-to-Date Location 2016 2015 2016 2015 (in millions) Gain (Loss) Recognized in Other Comprehensive Income (Loss) Other Comprehensive Income (Loss) $ 5 $ 14 $ (11 ) $ 4 (Gain) Loss Reclassified from Accumulated Other Comprehensive Income (Loss) into Other Income (Loss) (a) Other Income (Loss) (5 ) (27 ) 9 (10 ) ________________ (a) Represents reclassification of amounts from accumulated other comprehensive income (loss) to earnings to completely offset foreign currency transaction gains and losses recognized on the intercompany loans. No ineffectiveness was associated with these foreign exchange cash flow hedges. Interest Rate Risk Interest Rate Designated Fair Value Hedges The Company has interest rate swap arrangements related to $300 million of the outstanding 2019 Notes. The interest rate swap arrangements effectively convert the fixed interest rate on the related debt to a variable interest rate based on LIBOR plus a fixed percentage. The swap arrangements are designated as fair value hedges. The changes in the fair value of the interest rate swaps have an equal and offsetting impact to the carrying value of the debt on the balance sheet. The differential to be paid or received on the interest rate swap arrangements is accrued and recognized as an adjustment to interest expense. The following table provides a summary of the fair value and balance sheet classification of the derivative financial instruments designated as interest rate fair value hedges as of July 30, 2016 , January 30, 2016 and August 1, 2015 : July 30, January 30, August 1, (in millions) Other Assets $ 8 $ 11 $ 7

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Jul. 30, 2016
Fair Value Measurements [Abstract]
Fair Value Measurements	Fair Value Measurements The following table provides a summary of the principal value and estimated fair value of long-term debt as of July 30, 2016 , January 30, 2016 and August 1, 2015 : July 30, January 30, August 1, (in millions) Principal Value $ 5,750 $ 5,750 $ 4,750 Fair Value (a) 6,349 6,209 5,233 _______________ (a) The estimated fair value of the Company’s publicly traded debt is based on reported transaction prices which are considered Level 2 inputs in accordance with ASC Topic 820, Fair Value Measurement . The estimates presented are not necessarily indicative of the amounts that the Company could realize in a current market exchange. The authoritative guidance included in ASC Topic 820 establishes a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: • Level 1 – Quoted market prices in active markets for identical assets or liabilities. • Level 2 – Observable inputs other than quoted market prices included in Level 1, such as quoted prices of similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. • Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. The following table provides a summary of assets and liabilities measured in the consolidated financial statements at fair value on a recurring basis as of July 30, 2016 , January 30, 2016 and August 1, 2015 : Level 1 Level 2 Level 3 Total (in millions) As of July 30, 2016 Assets: Cash and Cash Equivalents $ 1,273 $ — $ — $ 1,273 Marketable Securities 8 — — 8 Interest Rate Designated Fair Value Hedges — 8 — 8 Cross-currency Cash Flow Hedges — 16 — 16 As of January 30, 2016 Assets: Cash and Cash Equivalents $ 2,548 $ — $ — $ 2,548 Marketable Securities 22 — — 22 Interest Rate Designated Fair Value Hedges — 11 — 11 Cross-currency Cash Flow Hedges — 27 — 27 As of August 1, 2015 Assets: Cash and Cash Equivalents $ 780 $ — $ — $ 780 Marketable Securities 50 — — 50 Interest Rate Designated Fair Value Hedges — 7 — 7 Cross-currency Cash Flow Hedges — 25 — 25 The Company's Level 1 fair value measurements use unadjusted quoted prices in active markets for identical assets. In the first quarter of 2015, the Company invested $50 million in U.S. Treasury Bills which were classified as available-for-sale. These securities were sold in the third quarter of 2015. In the third quarter of 2015, the Company invested $10 million in marketable equity securities which were classified as available-for-sale. In the first quarter of 2016, the Company sold a portion of this investment and received cash proceeds of $10 million and recognized a pre-tax gain of $4 million (after-tax gain of $3 million ). The gain is included within Other Income on the 2016 Consolidated Statement of Income, and the cash proceeds are included in Proceeds from Sale of Marketable Securities within the Investing Activities section of the 2016 Consolidated Statement of Cash Flows. These securities are classified as Level 1 fair value measurements as they are traded with sufficient frequency and volume to enable the Company to obtain pricing information on an ongoing basis. The Company’s Level 2 fair value measurements use market approach valuation techniques. The primary inputs to these techniques include benchmark interest rates and foreign currency exchange rates, as applicable to the underlying instruments. Management believes that the carrying values of accounts receivable, accounts payable, accrued expenses and current debt approximate fair value because of their short maturity.

Comprehensive Income

Comprehensive Income	6 Months Ended
Comprehensive Income	Jul. 30, 2016
Comprehensive Income
Comprehensive Income	Comprehensive Income The following table provides the rollforward of accumulated other comprehensive income (loss) for year-to-date 2016 : Foreign Currency Translation Cash Flow Hedges Marketable Securities Accumulated Other Comprehensive Income (Loss) (in millions) Balance as of January 30, 2016 $ 28 $ 4 $ 8 $ 40 Other Comprehensive Income (Loss) Before Reclassifications (10 ) (11 ) (3 ) (24 ) Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) — 9 (3 ) 6 Current-period Other Comprehensive Income (Loss) (10 ) (2 ) (6 ) (18 ) Balance as of July 30, 2016 $ 18 $ 2 $ 2 $ 22 The following table provides the rollforward of accumulated other comprehensive income (loss) for year-to-date 2015 : Foreign Currency Translation Cash Flow Hedges Marketable Securities Accumulated Other Comprehensive Income (Loss) (in millions) Balance as of January 31, 2015 $ 51 $ (16 ) $ — $ 35 Other Comprehensive Income (Loss) Before Reclassifications 12 4 — 16 Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) — (10 ) — (10 ) Current-period Other Comprehensive Income (Loss) 12 (6 ) — 6 Balance as of August 1, 2015 $ 63 $ (22 ) $ — $ 41 The components of accumulated other comprehensive income (loss) above are presented net of tax as applicable. The following table provides a summary of the reclassification adjustments out of accumulated other comprehensive income (loss) for the second quarter and year-to-date 2016 and 2015 : Details About Accumulated Other Comprehensive Income (Loss) Components Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Location on Consolidated Statements of Income Second Quarter Year-to-Date 2016 2015 2016 2015 (in millions) (Gain) Loss on Cash Flow Hedges $ (5 ) $ (27 ) $ 9 $ (10 ) Other Income (Loss) — — — — Provision for Income Taxes $ (5 ) $ (27 ) $ 9 $ (10 ) Net Income Sale of Available-for-Sale Securities $ — $ — $ (4 ) $ — Other Income (Loss) — — 1 — Provision for Income Taxes $ — $ — $ (3 ) $ — Net Income

Commitments And Contingencies

Commitments And Contingencies	6 Months Ended
Commitments And Contingencies	Jul. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments And Contingencies	Commitments and Contingencies The Company is subject to various claims and contingencies related to lawsuits, taxes, insurance, regulatory and other matters arising out of the normal course of business. Actions filed against the Company from time to time include commercial, tort, intellectual property, customer, employment, data privacy, securities and other claims, including purported class action lawsuits. Management believes that the ultimate liability arising from such claims and contingencies, if any, is not likely to have a material adverse effect on the Company’s results of operations, financial condition or cash flows. Guarantees In connection with the disposition of certain businesses, the Company has remaining guarantees of approximately $20 million related to lease payments of Express, Limited Stores and Dick’s Sporting Goods under the current terms of noncancellable leases expiring at various dates through 2021. These guarantees include minimum rent and additional payments covering taxes, common area costs and certain other expenses and relate to leases that commenced prior to the disposition of the businesses. In certain instances, the Company’s guarantee may remain in effect if the term of a lease is extended. The Company has not recorded a liability with respect to any of these guarantee obligations as it concluded that payments under these guarantees were not probable as of July 30, 2016 . In connection with the sale and leaseback under noncancellable operating leases of certain assets, the Company provides residual value guarantees to the lessor if the leased assets cannot be sold for an amount in excess of a specified minimum value at the conclusion of the lease term. The leases expire in 2020, and the total amount of the guarantees is approximately $105 million . The Company recorded a liability of $3 million related to these guarantee obligations as of July 30, 2016 and January 30, 2016 , which is included in Other Long-term Liabilities on the Consolidated Balance Sheets.

Retirement Benefits

Retirement Benefits	6 Months Ended
Retirement Benefits	Jul. 30, 2016
Retirement Benefits [Abstract]
Retirement Benefits	Retirement Benefits The Company sponsors a tax-qualified defined contribution retirement plan and a non-qualified supplemental retirement plan for substantially all of its associates within the U.S. Participation in the tax-qualified plan is available to associates who meet certain age and service requirements. Participation in the non-qualified plan is available to associates who meet certain age, service, job level and compensation requirements. The qualified plan permits participating associates to elect contributions up to the maximum limits allowable under the Internal Revenue Code. The Company matches associate contributions according to a predetermined formula and contributes additional amounts based on a percentage of the associates’ eligible annual compensation and years of service. Associate contributions and Company matching contributions vest immediately. Additional Company contributions and the related investment earnings are subject to vesting based on years of service. Total expense recognized related to the qualified plan was $15 million for the second quarter of 2016 and $14 million for the second quarter of 2015 . Total expense recognized related to the qualified plan was $32 million for year-to-date 2016 and $31 million for year-to-date 2015 . The non-qualified plan is an unfunded plan which provides benefits beyond the Internal Revenue Code limits for qualified defined contribution plans. The plan permits participating associates to elect contributions up to a maximum percentage of eligible compensation. The Company matches associate contributions according to a predetermined formula and contributes additional amounts based on a percentage of the associates’ eligible compensation and years of service. The plan also permits participating associates to defer additional compensation up to a maximum amount which the Company does not match. Associates’ accounts are credited with interest using a fixed rate determined by the Company and reviewed by the Compensation Committee of the Board of Directors, prior to the beginning of each year. Associate contributions and the related interest vest immediately. Company contributions, along with related interest, are subject to vesting based on years of service. Associates may elect in-service distributions for the unmatched additional deferred compensation component only. The remaining vested portion of associates’ accounts in the plan will be distributed upon termination of employment in either a lump sum or in annual installments over a specified period of up to 10 years. Total expense recognized related to the non-qualified plan was $6 million for the second quarter of 2016 and 2015 . Total expense recognized related to the non-qualified plan was $13 million for year-to-date 2016 and 2015 .

Segment Information

Segment Information	6 Months Ended
Segment Information	Jul. 30, 2016
Segment Reporting [Abstract]
Segment Information	Segment Information The Company has three reportable segments: Victoria’s Secret, Bath & Body Works and Victoria's Secret and Bath & Body Works International. The Victoria’s Secret segment sells women’s intimate and other apparel and personal care and beauty products under the Victoria’s Secret and PINK brand names. Victoria’s Secret merchandise is sold through retail stores located in the U.S. and Canada and its website, www.VictoriasSecret.com . The Bath & Body Works segment sells personal care, soaps, sanitizers and home fragrance products under the Bath & Body Works, White Barn, C.O. Bigelow and other brand names. Bath & Body Works merchandise is sold at retail stores located in the U.S. and Canada and through its website, www.BathandBodyWorks.com. The Victoria's Secret and Bath & Body Works International segment includes the Victoria's Secret and Bath & Body Works company-owned and partner-operated stores located outside of the U.S. and Canada. These businesses include the following: • Victoria's Secret Beauty and Accessories stores, comprised of company-owned stores in Greater China, as well as stores operated by partners under franchise, license and wholesale arrangements, which feature Victoria's Secret branded beauty and accessories products; • Victoria's Secret International stores, comprised of company-owned stores in the U.K., as well as stores operated by partners under franchise, license and wholesale arrangements; and • Bath & Body Works International stores operated by partners under franchise, license and wholesale arrangements. Other consists of the following: • Mast Global, a merchandise sourcing and production function serving the Company and its international partners; • La Senza, comprised of company-owned stores in Canada, as well as stores operated by partners under franchise, license and wholesale arrangements, which feature women's intimate apparel; • Henri Bendel, operator of 29 specialty stores which feature handbags, jewelry and other accessory products; and • Corporate functions including non-core real estate, equity investments and other governance functions such as treasury and tax. The following table provides the Company’s segment information for the second quarter and year-to-date 2016 and 2015 : Victoria’s Secret Bath & Body Works Victoria’s Secret and Bath & Body Works International Other Total (in millions) 2016 Second Quarter: Net Sales $ 1,867 $ 801 $ 100 $ 122 $ 2,890 Operating Income (Loss) 281 148 8 (29 ) 408 Year-to-Date: Net Sales $ 3,608 $ 1,462 $ 195 $ 239 $ 5,504 Operating Income (Loss) 515 260 21 (64 ) 732 2015 Second Quarter: Net Sales $ 1,806 $ 748 $ 89 $ 122 $ 2,765 Operating Income (Loss) 298 138 20 (53 ) 403 Year-to-Date: Net Sales $ 3,490 $ 1,361 $ 181 $ 245 $ 5,277 Operating Income (Loss) 587 235 41 (88 ) 775 The Company's international net sales include sales from company-owned stores, royalty revenue from franchise and license arrangements, wholesale revenues and direct sales shipped internationally. Certain of these sales are subject to the impact of fluctuations in foreign currency. The Company’s international net sales across all segments totaled $333 million and $313 million for the second quarter of 2016 and 2015 , respectively. The Company’s international net sales across all segments totaled $628 million and $606 million for year-to-date 2016 and 2015 , respectively.

Subsequent Event (Notes)

Subsequent Event (Notes)	6 Months Ended
Subsequent Event (Notes)	Jul. 30, 2016
Subsequent Event [Line Items]
Subsequent Events [Text Block]	Subsequent Events Subsequent to July 30, 2016 , the Company repurchased an additional 0.3 million shares of common stock for $19 million under the February 2016 repurchase program. For additional information, see Note 3 , "Earnings Per Share and Shareholders' Equity (Deficit)."

Supplemental Guarantor Financia

Supplemental Guarantor Financial Information Supplemental Guarantor Financial Information (Notes)	6 Months Ended
	Jul. 30, 2016
Supplemental Guarantor Financial Information [Abstract]
Schedule Of Supplemental Guarantor Financial Information [Text Block]	Supplemental Guarantor Financial Information The Company’s 2019 Notes, 2020 Notes, 2021 Notes, 2022 Notes, 2023 Notes, 2035 Notes and 2036 Notes are jointly and severally guaranteed on a full and unconditional basis by the Guarantors. The Company is a holding company, and its most significant assets are the stock of its subsidiaries. The Guarantors represent: (a) substantially all of the sales of the Company’s domestic subsidiaries, (b) more than 90% of the assets owned by the Company’s domestic subsidiaries, other than real property, certain other assets and intercompany investments and balances and (c) more than 95% of the accounts receivable and inventory directly owned by the Company’s domestic subsidiaries. The following supplemental financial information sets forth for the Company and its guarantor and non-guarantor subsidiaries: the Condensed Consolidating Balance Sheets as of July 30, 2016 , January 30, 2016 and August 1, 2015 and the Condensed Consolidating Statements of Income, Comprehensive Income and Cash Flows for the periods ended July 30, 2016 and August 1, 2015 . The Company adopted ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs, and ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes, effective January 30, 2016 . As such, amounts have been recast to include the retrospective application of these standards. For additional information, see Note 2, "New Accounting Pronouncements." L BRANDS, INC. CONDENSED CONSOLIDATING BALANCE SHEET (in millions) (Unaudited) July 30, 2016 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. ASSETS Current Assets: Cash and Cash Equivalents $ — $ 890 $ 383 $ — $ 1,273 Accounts Receivable, Net 1 212 53 — 266 Inventories — 1,068 136 — 1,204 Other — 132 85 — 217 Total Current Assets 1 2,302 657 — 2,960 Property and Equipment, Net — 1,780 806 — 2,586 Goodwill — 1,318 30 — 1,348 Trade Names and Other Intangible Assets, Net — 411 — — 411 Net Investments in and Advances to/from Consolidated Affiliates 4,508 15,320 1,661 (21,489 ) — Deferred Income Taxes — 11 19 — 30 Other Assets 137 34 647 (612 ) 206 Total Assets $ 4,646 $ 21,176 $ 3,820 $ (22,101 ) $ 7,541 LIABILITIES AND EQUITY (DEFICIT) Current Liabilities: Accounts Payable $ 4 $ 438 $ 351 $ — $ 793 Accrued Expenses and Other 104 481 294 — 879 Current Portion of Long-term Debt — — 13 — 13 Income Taxes (11 ) 4 141 — 134 Total Current Liabilities 97 923 799 — 1,819 Deferred Income Taxes (3 ) (78 ) 349 — 268 Long-term Debt 5,702 597 4 (597 ) 5,706 Other Long-term Liabilities 1 736 155 (15 ) 877 Total Equity (Deficit) (1,151 ) 18,998 2,513 (21,489 ) (1,129 ) Total Liabilities and Equity (Deficit) $ 4,646 $ 21,176 $ 3,820 $ (22,101 ) $ 7,541 L BRANDS, INC. CONDENSED CONSOLIDATING BALANCE SHEET (in millions) January 30, 2016 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. ASSETS Current Assets: Cash and Cash Equivalents $ — $ 2,190 $ 358 $ — $ 2,548 Accounts Receivable, Net 1 202 58 — 261 Inventories — 978 144 — 1,122 Other — 115 110 — 225 Total Current Assets 1 3,485 670 — 4,156 Property and Equipment, Net — 1,574 756 — 2,330 Goodwill — 1,318 — — 1,318 Trade Names and Other Intangible Assets, Net — 411 — — 411 Net Investments in and Advances to/from Consolidated Affiliates 5,368 13,649 1,242 (20,259 ) — Deferred Income Taxes — 11 19 — 30 Other Assets 141 40 679 (612 ) 248 Total Assets $ 5,510 $ 20,488 $ 3,366 $ (20,871 ) $ 8,493 LIABILITIES AND EQUITY (DEFICIT) Current Liabilities: Accounts Payable $ — $ 333 $ 335 $ — $ 668 Accrued Expenses and Other 100 519 358 — 977 Current Portion of Long-term Debt — — 6 — 6 Income Taxes (3 ) 237 (10 ) — 224 Total Current Liabilities 97 1,089 689 — 1,875 Deferred Income Taxes (3 ) (86 ) 346 — 257 Long-term Debt 5,714 597 1 (597 ) 5,715 Other Long-term Liabilities — 670 248 (14 ) 904 Total Equity (Deficit) (298 ) 18,218 2,082 (20,260 ) (258 ) Total Liabilities and Equity (Deficit) $ 5,510 $ 20,488 $ 3,366 $ (20,871 ) $ 8,493 L BRANDS, INC. CONDENSED CONSOLIDATING BALANCE SHEET (in millions) (Unaudited) August 1, 2015 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. ASSETS Current Assets: Cash and Cash Equivalents $ — $ 453 $ 327 $ — $ 780 Accounts Receivable, Net 1 201 55 — 257 Inventories — 980 126 — 1,106 Other 1 191 128 — 320 Total Current Assets 2 1,825 636 — 2,463 Property and Equipment, Net — 1,485 790 — 2,275 Goodwill — 1,318 — — 1,318 Trade Names and Other Intangible Assets, Net — 411 — — 411 Net Investments in and Advances to/from Consolidated Affiliates 3,979 15,589 1,642 (21,210 ) — Deferred Income Taxes — 10 17 — 27 Other Assets 140 34 682 (612 ) 244 Total Assets $ 4,121 $ 20,672 $ 3,767 $ (21,822 ) $ 6,738 LIABILITIES AND EQUITY (DEFICIT) Current Liabilities: Accounts Payable $ 7 $ 385 $ 333 $ — $ 725 Accrued Expenses and Other 85 500 255 — 840 Income Taxes — — 5 — 5 Total Current Liabilities 92 885 593 — 1,570 Deferred Income Taxes (3 ) (59 ) 308 — 246 Long-term Debt 4,720 597 — (597 ) 4,720 Other Long-term Liabilities — 619 243 (13 ) 849 Total Equity (Deficit) (688 ) 18,630 2,623 (21,212 ) (647 ) Total Liabilities and Equity (Deficit) $ 4,121 $ 20,672 $ 3,767 $ (21,822 ) $ 6,738 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF INCOME (in millions) (Unaudited) Second Quarter 2016 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Sales $ — $ 2,724 $ 808 $ (642 ) $ 2,890 Costs of Goods Sold, Buying and Occupancy — (1,701 ) (669 ) 593 (1,777 ) Gross Profit — 1,023 139 (49 ) 1,113 General, Administrative and Store Operating Expenses (2 ) (635 ) (106 ) 38 (705 ) Operating Income (Loss) (2 ) 388 33 (11 ) 408 Interest Expense (101 ) (11 ) (3 ) 14 (101 ) Other Income (Loss) (36 ) 1 108 — 73 Income (Loss) Before Income Taxes (139 ) 378 138 3 380 Provision for Income Taxes (13 ) 72 69 — 128 Equity in Earnings (Loss), Net of Tax 378 223 196 (797 ) — Net Income (Loss) $ 252 $ 529 $ 265 $ (794 ) $ 252 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (in millions) (Unaudited) Second Quarter 2016 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Income (Loss) $ 252 $ 529 $ 265 $ (794 ) $ 252 Other Comprehensive Income (Loss), Net of Tax: Foreign Currency Translation — — (18 ) — (18 ) Unrealized Gain (Loss) on Cash Flow Hedges — — 5 — 5 Reclassification of Cash Flow Hedges to Earnings — — (5 ) — (5 ) Unrealized Loss on Marketable Securities — — (2 ) — (2 ) Reclassification of Gain on Marketable Securities to Earnings — — — — — Total Other Comprehensive Income (Loss), Net of Tax — — (20 ) — (20 ) Total Comprehensive Income (Loss) $ 252 $ 529 $ 245 $ (794 ) $ 232 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF INCOME (in millions) (Unaudited) Second Quarter 2015 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Sales $ — $ 2,588 $ 814 $ (637 ) $ 2,765 Costs of Goods Sold, Buying and Occupancy — (1,607 ) (705 ) 661 (1,651 ) Gross Profit — 981 109 24 1,114 General, Administrative and Store Operating Expenses (2 ) (629 ) (106 ) 26 (711 ) Operating Income (Loss) (2 ) 352 3 50 403 Interest Expense (78 ) (4 ) (3 ) 7 (78 ) Other Income (Loss) — — (2 ) — (2 ) Income (Loss) Before Income Taxes (80 ) 348 (2 ) 57 323 Provision for Income Taxes — 90 31 — 121 Equity in Earnings (Loss), Net of Tax 282 154 130 (566 ) — Net Income (Loss) $ 202 $ 412 $ 97 $ (509 ) $ 202 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (in millions) (Unaudited) Second Quarter 2015 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Income (Loss) $ 202 $ 412 $ 97 $ (509 ) $ 202 Other Comprehensive Income (Loss), Net of Tax: Foreign Currency Translation — — 22 — 22 Unrealized Gain (Loss) on Cash Flow Hedges — — 14 — 14 Reclassification of Cash Flow Hedges to Earnings — — (27 ) — (27 ) Total Other Comprehensive Income (Loss), Net of Tax — — 9 — 9 Total Comprehensive Income (Loss) $ 202 $ 412 $ 106 $ (509 ) $ 211 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF INCOME (in millions) (Unaudited) Year-to-Date 2016 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Sales $ — $ 5,196 $ 1,666 $ (1,358 ) $ 5,504 Costs of Goods Sold, Buying and Occupancy — (3,240 ) (1,380 ) 1,272 (3,348 ) Gross Profit — 1,956 286 (86 ) 2,156 General, Administrative and Store Operating Expenses (4 ) (1,274 ) (219 ) 73 (1,424 ) Operating Income (Loss) (4 ) 682 67 (13 ) 732 Interest Expense (199 ) (20 ) (5 ) 25 (199 ) Other Income (Loss) (36 ) 2 114 — 80 Income (Loss) Before Income Taxes (239 ) 664 176 12 613 Provision for Income Taxes (14 ) 134 88 — 208 Equity in Earnings (Loss), Net of Tax 630 285 264 (1,179 ) — Net Income (Loss) $ 405 $ 815 $ 352 $ (1,167 ) $ 405 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (in millions) (Unaudited) Year-to-Date 2016 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Income (Loss) $ 405 $ 815 $ 352 $ (1,167 ) $ 405 Other Comprehensive Income (Loss), Net of Tax: Foreign Currency Translation — — (10 ) — (10 ) Unrealized Gain (Loss) on Cash Flow Hedges — — (11 ) — (11 ) Reclassification of Cash Flow Hedges to Earnings — — 9 — 9 Unrealized Loss on Marketable Securities — — (3 ) — (3 ) Reclassification of Gain on Marketable Securities to Earnings — — (3 ) — (3 ) Total Other Comprehensive Income (Loss), Net of Tax — — (18 ) — (18 ) Total Comprehensive Income (Loss) $ 405 $ 815 $ 334 $ (1,167 ) $ 387 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF INCOME (in millions) (Unaudited) Year-to-Date 2015 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Sales $ — $ 4,957 $ 1,630 $ (1,310 ) $ 5,277 Costs of Goods Sold, Buying and Occupancy — (3,031 ) (1,321 ) 1,245 (3,107 ) Gross Profit — 1,926 309 (65 ) 2,170 General, Administrative and Store Operating Expenses (6 ) (1,245 ) (202 ) 58 (1,395 ) Operating Income (Loss) (6 ) 681 107 (7 ) 775 Interest Expense (158 ) (12 ) (5 ) 17 (158 ) Other Income (Loss) — 4 72 — 76 Income (Loss) Before Income Taxes (164 ) 673 174 10 693 Provision for Income Taxes — 168 72 — 240 Equity in Earnings (Loss), Net of Tax 617 379 253 (1,249 ) — Net Income (Loss) $ 453 $ 884 $ 355 $ (1,239 ) $ 453 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (in millions) (Unaudited) Year-to-Date 2015 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Income (Loss) $ 453 $ 884 $ 355 $ (1,239 ) $ 453 Other Comprehensive Income (Loss), Net of Tax: Foreign Currency Translation — — 12 — 12 Unrealized Gain (Loss) on Cash Flow Hedges — — 4 — 4 Reclassification of Cash Flow Hedges to Earnings — — (10 ) — (10 ) Total Other Comprehensive Income (Loss), Net of Tax — — 6 — 6 Total Comprehensive Income (Loss) $ 453 $ 884 $ 361 $ (1,239 ) $ 459 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (in millions) (Unaudited) Year-to-Date 2016 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Cash Provided by (Used for) Operating Activities $ (258 ) $ 490 $ 189 $ — $ 421 Investing Activities: Capital Expenditures — (382 ) (115 ) — (497 ) Return of Capital from Easton Town Center, LLC — — 108 — 108 Acquisition, Net of Cash Acquired of $1 — — (31 ) — (31 ) Proceeds from Sale of Marketable Securities — — 10 — 10 Net Investments in Consolidated Affiliates — — (38 ) 38 — Other Investing Activities — 1 15 — 16 Net Cash Used for Investing Activities — (381 ) (51 ) 38 (394 ) Financing Activities: Proceeds from the Issuance of Long-term Debt, Net of Issuance Costs 692 — — — 692 Payment of Long-term Debt (742 ) — — — (742 ) Borrowings from Revolving Facilities — — 10 — 10 Dividends Paid (923 ) — — — (923 ) Repurchases of Common Stock (385 ) — — — (385 ) Excess Tax Benefits from Share-based Compensation — 33 4 — 37 Net Financing Activities and Advances to/from Consolidated Affiliates 1,603 (1,441 ) (124 ) (38 ) — Proceeds from Exercise of Stock Options 13 — — — 13 Financing Costs and Other — (1 ) — — (1 ) Net Cash Provided by (Used for) Financing Activities 258 (1,409 ) (110 ) (38 ) (1,299 ) Effects of Exchange Rate Changes on Cash and Cash Equivalents — — (3 ) — (3 ) Net Increase (Decrease) in Cash and Cash Equivalents — (1,300 ) 25 — (1,275 ) Cash and Cash Equivalents, Beginning of Period — 2,190 358 — 2,548 Cash and Cash Equivalents, End of Period $ — $ 890 $ 383 $ — $ 1,273 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (in millions) (Unaudited) Year-to-Date 2015 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Cash Provided by (Used for) Operating Activities $ (147 ) $ 481 $ 41 $ — $ 375 Investing Activities: Capital Expenditures — (254 ) (104 ) — (358 ) Proceeds from the Sale of Assets — — 135 — 135 Proceeds from Divestiture of Third-party Apparel Sourcing Business — 1 84 — 85 Purchase of Marketable Securities — (50 ) — — (50 ) Other Investing Activities — — 1 — 1 Net Cash Provided by (Used for) Investing Activities — (303 ) 116 — (187 ) Financing Activities: Dividends Paid (880 ) — — — (880 ) Repurchases of Common Stock (295 ) — — — (295 ) Excess Tax Benefits from Share-based Compensation — 53 8 — 61 Net Financing Activities and Advances to/from Consolidated Affiliates 1,299 (1,240 ) (59 ) — — Proceeds from Exercise of Stock Options 23 — — — 23 Net Cash Provided by (Used for) Financing Activities 147 (1,187 ) (51 ) — (1,091 ) Effects of Exchange Rate Changes on Cash and Cash Equivalents — — 2 — 2 Net Increase (Decrease) in Cash and Cash Equivalents — (1,009 ) 108 — (901 ) Cash and Cash Equivalents, Beginning of Period — 1,462 219 — 1,681 Cash and Cash Equivalents, End of Period $ — $ 453 $ 327 $ — $ 780

Description Of Business And B25

Description Of Business And Basis Of Presentation (Policy)	6 Months Ended
Description Of Business And Basis Of Presentation (Policy)	Jul. 30, 2016
Description Of Business And Basis Of Presentation [Abstract]
Inventory, Policy [Policy Text Block]	Inventories are principally valued at the lower of cost, as determined by the weighted-average cost method, or market.
Description Of Business	Description of Business L Brands, Inc. (“the Company”) operates in the highly competitive specialty retail business. The Company is a specialty retailer of women’s intimate and other apparel, beauty and personal care products and accessories. The Company sells its merchandise through company-owned specialty retail stores in the United States (“U.S.”), Canada, United Kingdom ("U.K.") and Greater China (China and Hong Kong), and through its websites and other channels. The Company's other international operations are primarily through franchise, license and wholesale partners. The Company currently operates the following retail brands: • Victoria’s Secret • PINK • Bath & Body Works • La Senza • Henri Bendel
Fiscal Year	Fiscal Year The Company’s fiscal year ends on the Saturday nearest to January 31. As used herein, “ second quarter of 2016 ” and “ second quarter of 2015 ” refer to the thirteen week periods ending July 30, 2016 and August 1, 2015 , respectively.
Basis Of Consolidation	Basis of Consolidation The Consolidated Financial Statements include the accounts of the Company and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The Company accounts for investments in unconsolidated entities where it exercises significant influence, but does not have control, using the equity method. Under the equity method of accounting, the Company recognizes its share of the investee's net income or loss. Losses are only recognized to the extent the Company has positive carrying value related to the investee. Carrying values are only reduced below zero if the Company has an obligation to provide funding to the investee. The Company’s share of net income or loss of unconsolidated entities from which the Company purchases merchandise or merchandise components is included in Costs of Goods Sold, Buying and Occupancy on the Consolidated Statements of Income. The Company’s share of net income or loss of all other unconsolidated entities is included in Other Income on the Consolidated Statements of Income. The Company’s equity method investments are required to be tested for impairment when it is determined there may be an other-than-temporary loss in value.
Interim Financial Statements	Interim Financial Statements The Consolidated Financial Statements as of and for the periods ended July 30, 2016 and August 1, 2015 are unaudited and are presented pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). These Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and Notes thereto contained in the Company’s 2015 Annual Report on Form 10-K. In the opinion of management, the accompanying Consolidated Financial Statements reflect all adjustments which are of a normal recurring nature and necessary for a fair presentation of the results for the interim periods.
Seasonality Of Business	Seasonality of Business Due to seasonal variations in the retail industry, the results of operations for any interim period are not necessarily indicative of the results expected for the full fiscal year.
Concentration Of Credit Risk	Concentration of Credit Risk and Investments The Company maintains cash and cash equivalents and derivative contracts with various major financial institutions. The Company monitors the relative credit standing of financial institutions with whom the Company transacts and limits the amount of credit exposure with any one entity. Currently, the Company’s investment portfolio is primarily comprised of U.S. government obligations, U.S. Treasury and AAA-rated money market funds, commercial paper and bank deposits. The Company also periodically reviews the relative credit standing of franchise, license and wholesale partners and other entities to which the Company grants credit terms in the normal course of business. The Company records an allowance for uncollectable accounts when it becomes probable that the counterparty will be unable to pay.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with U.S. generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period, as well as the related disclosure of contingent assets and liabilities at the date of the financial statements. Actual results may differ from those estimates, and the Company revises its estimates and assumptions as new information becomes available.
New Accounting Pronouncements	New Accounting Pronouncements Revenue from Contracts with Customers In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers . This guidance requires companies to recognize revenue in a manner that depicts the transfer of promised goods or services to customers in amounts that reflect the consideration to which a company expects to be entitled in exchange for those goods or services. The new standard also will result in enhanced disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. This guidance will be effective beginning in fiscal 2018, with early adoption as of fiscal 2017 permitted. The standard allows for either a full retrospective or a modified retrospective transition method. The Company is currently evaluating this standard, including the transition method and timing of adoption, and the related impact on its Consolidated Statements of Income and Comprehensive Income, Balance Sheets and Statements of Cash Flows. Leases In February 2016, the FASB issued ASU No. 2016-02, Leases . This guidance requires companies classified as lessees to put most leases on their balance sheets but recognize expenses on their income statements in a manner similar to today’s accounting. The new standard also will result in enhanced quantitative and qualitative disclosures, including significant judgments made by management, to provide greater insight into the extent of revenue and expense recognized and expected to be recognized from existing leases. The standard requires modified retrospective adoption and will be effective beginning in fiscal 2019, with early adoption permitted. The Company is currently evaluating this standard, including the timing of adoption, and the related impact on its Consolidated Statements of Income and Comprehensive Income, Balance Sheets and Statements of Cash Flows. Simplifying the Presentation of Share-Based Compensation In March 2016, the FASB issued ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting . This guidance requires companies to recognize income tax effects of awards in the income statement when the awards vest or are settled. It also will allow an employer to repurchase more of an employee’s shares than it can today for tax withholding purposes without triggering liability accounting and to make a policy election to account for forfeitures as they occur. The standard also will require all tax-related cash flows resulting from share-based payments to be reported as operating activities on the statements of cash flows, and any cash payments made to taxing authorities on an employee's behalf as financing activities. The standard will be effective beginning in fiscal 2017, with early adoption permitted. The Company is currently evaluating this standard, including the timing of adoption, and the related impact on its Consolidated Statements of Income and Comprehensive Income, Balance Sheets and Statements of Cash Flows. Simplifying the Presentation of Debt Issuance Costs In April 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs. This guidance requires companies to recognize debt issuance costs related to recognized debt liabilities on the balance sheet as a direct deduction from the carrying amount of those debt liabilities, consistent with debt discounts. This guidance is effective beginning in fiscal year 2016, with early adoption permitted. The Company elected to early adopt this standard effective January 30, 2016. Upon adoption, prior period financial statements were recast as required by the standard to present debt issuance costs as a direct deduction from the carrying value of the related debt liabilities. The impact of the adoption of this standard is a decrease of $39 million to Other Assets and Long-term Debt on the August 1, 2015 Consolidated Balance Sheet. Balance Sheet Classification of Deferred Taxes In November 2015, the FASB issued ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes. This guidance requires companies to present all deferred tax assets and liabilities as noncurrent in the balance sheet. This guidance will be effective beginning in fiscal 2017, and early adoption is permitted. The Company elected to early adopt this standard effective January 30, 2016 using the retrospective application transition method. Upon adoption, prior period financial statements were recast to present all deferred tax assets and liabilities as noncurrent on the balance sheet. The impact of the adoption of this standard on the August 1, 2015 Consolidated Balance Sheet is a decrease in current deferred income tax assets of approximately $35 million ; an increase in noncurrent deferred income tax assets of $8 million ; and a decrease to noncurrent deferred income tax liabilities of $27 million .

Earnings Per Share And Shareh26

Earnings Per Share And Shareholders' Equity (Tables)	6 Months Ended
Earnings Per Share And Shareholders' Equity (Tables)	Jul. 30, 2016
Earnings Per Share And Shareholders' Equity [Abstract]
Shares Utilized For The Calculation Of Basic And Diluted Earnings Per Share	The following table provides shares utilized for the calculation of basic and diluted earnings per share for the second quarter and year-to-date 2016 and 2015 : Second Quarter Year-to-Date 2016 2015 2016 2015 (in millions) Weighted-average Common Shares: Issued Shares 314 312 314 312 Treasury Shares (27 ) (21 ) (27 ) (20 ) Basic Shares 287 291 287 292 Effect of Dilutive Options and Restricted Stock 4 6 5 6 Diluted Shares 291 297 292 298 Anti-dilutive Options and Awards (a) 3 1 2 1 _______________ (a) These options and awards were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.
Schedule Of Company's Repurchase Program	Under the authority of the Company’s Board of Directors, the Company repurchased shares of its common stock under the following repurchase programs for year-to-date 2016 and 2015 : Amount Authorized Shares Repurchased Amount Repurchased Average Stock Price of Shares Repurchased within Program Repurchase Program 2016 2015 2016 2015 (in millions) (in thousands) (in millions) February 2016 $ 500 4,968 NA $ 388 NA $ 78.07 June 2015 $ 250 NA 624 NA $ 52 $ 83.75 February 2015 $ 250 NA 2,788 NA $ 250 $ 89.45
Schedule Of Dividends Paid	Under the authority and declaration of the Board of Directors, the Company paid the following dividends during year-to-date 2016 and 2015 : Ordinary Dividends Special Dividends Total Dividends Total Paid (per share) (in millions) 2016 Second Quarter $ 0.60 $ — $ 0.60 $ 173 First Quarter 0.60 2.00 2.60 750 2016 Total $ 1.20 $ 2.00 $ 3.20 $ 923 2015 Second Quarter $ 0.50 $ — $ 0.50 $ 146 First Quarter 0.50 2.00 2.50 734 2015 Total $ 1.00 $ 2.00 $ 3.00 $ 880

Acquisition (Tables)

Acquisition (Tables)	6 Months Ended
Acquisition (Tables)	Jul. 30, 2016
Acquisition [Abstract]
Schedule of Business Acquisitions, by Acquisition	The allocation of the purchase price to the fair value of assets acquired and liabilities assumed is as follows: (in millions) Cash and Cash Equivalents $ 1 Inventories 3 Property and Equipment 10 Goodwill 30 Other Assets 3 Current Liabilities (3 ) Net Assets Acquired $ 44 Forgiveness of Liabilities Owed to the Company (10 ) Consideration Not Yet Paid (2 ) Consideration Paid at Closing $ 32

Inventories (Tables)

Inventories (Tables)	6 Months Ended
Inventories (Tables)	Jul. 30, 2016
Inventory, Net [Abstract]
Summary Of Inventories	The following table provides details of inventories as of July 30, 2016 , January 30, 2016 and August 1, 2015 : July 30, January 30, August 1, (in millions) Finished Goods Merchandise $ 1,062 $ 1,014 $ 963 Raw Materials and Merchandise Components 142 108 143 Total Inventories $ 1,204 $ 1,122 $ 1,106

Property And Equipment, Net (Ta

Property And Equipment, Net (Tables)	6 Months Ended
Property And Equipment, Net (Tables)	Jul. 30, 2016
Property, Plant and Equipment [Abstract]
Summary Of Property And Equipment, Net	The following table provides details of property and equipment, net as of July 30, 2016 , January 30, 2016 and August 1, 2015 : July 30, January 30, August 1, (in millions) Property and Equipment, at Cost $ 5,991 $ 5,639 $ 5,565 Accumulated Depreciation and Amortization (3,405 ) (3,309 ) (3,290 ) Property and Equipment, Net $ 2,586 $ 2,330 $ 2,275

Long-term Debt (Tables)

Long-term Debt (Tables)	6 Months Ended
Long-term Debt (Tables)	Jul. 30, 2016
Long-term Debt, by Current and Noncurrent [Abstract]
Schedule Of Long-term Debt Instruments	The following table provides the Company’s debt balance, net of debt issuance costs and unamortized discounts, as of July 30, 2016 , January 30, 2016 and August 1, 2015 : July 30, January 30, August 1, (in millions) Senior Unsecured Debt with Subsidiary Guarantee $1 billion, 6.875% Fixed Interest Rate Notes due November 2035 (“2035 Notes”) $ 989 $ 988 $ — $1 billion, 5.625% Fixed Interest Rate Notes due February 2022 (“2022 Notes”) 992 991 990 $1 billion, 6.625% Fixed Interest Rate Notes due April 2021 (“2021 Notes”) 991 990 989 $700 million, 6.75% Fixed Interest Rate Notes due July 2036 (“2036 Notes”) 692 — — $500 million, 8.50% Fixed Interest Rate Notes due June 2019 (“2019 Notes”)(a) 500 499 495 $500 million, 5.625% Fixed Interest Rate Notes due October 2023 (“2023 Notes”) 497 496 496 $400 million, 7.00% Fixed Interest Rate Notes due May 2020 (“2020 Notes”) 396 396 395 Total Senior Unsecured Debt with Subsidiary Guarantee $ 5,057 $ 4,360 $ 3,365 Senior Unsecured Debt $350 million, 6.95% Fixed Interest Rate Debentures due March 2033 (“2033 Notes”) $ 348 $ 348 $ 348 $300 million, 7.60% Fixed Interest Rate Notes due July 2037 (“2037 Notes”) 297 297 297 $700 million, 6.90% Fixed Interest Rate Notes due July 2017 (“2017 Notes”)(b) — 709 710 Foreign Facilities 17 7 — Total Senior Unsecured Debt $ 662 $ 1,361 $ 1,355 Total $ 5,719 $ 5,721 $ 4,720 Current Portion of Long-term Debt (13 ) (6 ) — Total Long-term Debt, Net of Current Portion $ 5,706 $ 5,715 $ 4,720 ________________ (a) The balances include a fair value interest rate hedge adjustment which increased the debt balance by $8 million as of July 30, 2016 , $8 million as of January 30, 2016 and $5 million as of August 1, 2015 . (b) The balances include a fair value interest rate hedge adjustment which increased the debt balance by $10 million as of January 30, 2016 and $11 million as of August 1, 2015 .

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
Derivative Instruments (Tables)	Jul. 30, 2016
Cash Flow Hedging [Member] \| Foreign Exchange Contract [Member]
Derivatives, Fair Value [Line Items]
Schedule of Derivative Instruments in Statement of Financial Position	The following table provides a summary of the fair value and balance sheet classification of the derivative financial instruments designated as foreign exchange cash flow hedges as of July 30, 2016 , January 30, 2016 and August 1, 2015 : July 30, January 30, August 1, (in millions) Other Assets $ 16 $ 27 $ 25
Schedule of Derivative Instruments in Statement of Financial Performance	The following table provides a summary of the pre-tax financial statement effect of the gains and losses on the Company’s derivative instruments designated as foreign exchange cash flow hedges for the second quarter and year-to-date 2016 and 2015 : Second Quarter Year-to-Date Location 2016 2015 2016 2015 (in millions) Gain (Loss) Recognized in Other Comprehensive Income (Loss) Other Comprehensive Income (Loss) $ 5 $ 14 $ (11 ) $ 4 (Gain) Loss Reclassified from Accumulated Other Comprehensive Income (Loss) into Other Income (Loss) (a) Other Income (Loss) (5 ) (27 ) 9 (10 ) ________________ (a) Represents reclassification of amounts from accumulated other comprehensive income (loss) to earnings to completely offset foreign currency transaction gains and losses recognized on the intercompany loans. No ineffectiveness was associated with these foreign exchange cash flow hedges
Fair Value Hedging [Member] \| Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Schedule of Derivative Instruments in Statement of Financial Position	The following table provides a summary of the fair value and balance sheet classification of the derivative financial instruments designated as interest rate fair value hedges as of July 30, 2016 , January 30, 2016 and August 1, 2015 : July 30, January 30, August 1, (in millions) Other Assets $ 8 $ 11 $ 7

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Jul. 30, 2016
Fair Value Measurements [Abstract]
Carrying Value And Fair Value Of Long-Term Debt, Disclosure	The following table provides a summary of the principal value and estimated fair value of long-term debt as of July 30, 2016 , January 30, 2016 and August 1, 2015 : July 30, January 30, August 1, (in millions) Principal Value $ 5,750 $ 5,750 $ 4,750 Fair Value (a) 6,349 6,209 5,233 _______________ (a) The estimated fair value of the Company’s publicly traded debt is based on reported transaction prices which are considered Level 2 inputs in accordance with ASC Topic 820, Fair Value Measurement . The estimates presented are not necessarily indicative of the amounts that the Company could realize in a current market exchange.
Fair Value, Assets And Liabilities Measured On Recurring Basis	The following table provides a summary of assets and liabilities measured in the consolidated financial statements at fair value on a recurring basis as of July 30, 2016 , January 30, 2016 and August 1, 2015 : Level 1 Level 2 Level 3 Total (in millions) As of July 30, 2016 Assets: Cash and Cash Equivalents $ 1,273 $ — $ — $ 1,273 Marketable Securities 8 — — 8 Interest Rate Designated Fair Value Hedges — 8 — 8 Cross-currency Cash Flow Hedges — 16 — 16 As of January 30, 2016 Assets: Cash and Cash Equivalents $ 2,548 $ — $ — $ 2,548 Marketable Securities 22 — — 22 Interest Rate Designated Fair Value Hedges — 11 — 11 Cross-currency Cash Flow Hedges — 27 — 27 As of August 1, 2015 Assets: Cash and Cash Equivalents $ 780 $ — $ — $ 780 Marketable Securities 50 — — 50 Interest Rate Designated Fair Value Hedges — 7 — 7 Cross-currency Cash Flow Hedges — 25 — 25

Comprehensive Income (Tables)

Comprehensive Income (Tables)	6 Months Ended
Comprehensive Income (Tables)	Jul. 30, 2016
Comprehensive Income
Components Of Accumulated Other Comprehensive Income (Loss)	The following table provides the rollforward of accumulated other comprehensive income (loss) for year-to-date 2016 : Foreign Currency Translation Cash Flow Hedges Marketable Securities Accumulated Other Comprehensive Income (Loss) (in millions) Balance as of January 30, 2016 $ 28 $ 4 $ 8 $ 40 Other Comprehensive Income (Loss) Before Reclassifications (10 ) (11 ) (3 ) (24 ) Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) — 9 (3 ) 6 Current-period Other Comprehensive Income (Loss) (10 ) (2 ) (6 ) (18 ) Balance as of July 30, 2016 $ 18 $ 2 $ 2 $ 22 The following table provides the rollforward of accumulated other comprehensive income (loss) for year-to-date 2015 : Foreign Currency Translation Cash Flow Hedges Marketable Securities Accumulated Other Comprehensive Income (Loss) (in millions) Balance as of January 31, 2015 $ 51 $ (16 ) $ — $ 35 Other Comprehensive Income (Loss) Before Reclassifications 12 4 — 16 Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) — (10 ) — (10 ) Current-period Other Comprehensive Income (Loss) 12 (6 ) — 6 Balance as of August 1, 2015 $ 63 $ (22 ) $ — $ 41
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	The following table provides a summary of the reclassification adjustments out of accumulated other comprehensive income (loss) for the second quarter and year-to-date 2016 and 2015 : Details About Accumulated Other Comprehensive Income (Loss) Components Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Location on Consolidated Statements of Income Second Quarter Year-to-Date 2016 2015 2016 2015 (in millions) (Gain) Loss on Cash Flow Hedges $ (5 ) $ (27 ) $ 9 $ (10 ) Other Income (Loss) — — — — Provision for Income Taxes $ (5 ) $ (27 ) $ 9 $ (10 ) Net Income Sale of Available-for-Sale Securities $ — $ — $ (4 ) $ — Other Income (Loss) — — 1 — Provision for Income Taxes $ — $ — $ (3 ) $ — Net Income

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
Segment Information (Tables)	Jul. 30, 2016
Segment Reporting [Abstract]
Schedule Of Segment Reporting Information	The following table provides the Company’s segment information for the second quarter and year-to-date 2016 and 2015 : Victoria’s Secret Bath & Body Works Victoria’s Secret and Bath & Body Works International Other Total (in millions) 2016 Second Quarter: Net Sales $ 1,867 $ 801 $ 100 $ 122 $ 2,890 Operating Income (Loss) 281 148 8 (29 ) 408 Year-to-Date: Net Sales $ 3,608 $ 1,462 $ 195 $ 239 $ 5,504 Operating Income (Loss) 515 260 21 (64 ) 732 2015 Second Quarter: Net Sales $ 1,806 $ 748 $ 89 $ 122 $ 2,765 Operating Income (Loss) 298 138 20 (53 ) 403 Year-to-Date: Net Sales $ 3,490 $ 1,361 $ 181 $ 245 $ 5,277 Operating Income (Loss) 587 235 41 (88 ) 775

Supplemental Guarantor Financ35

Supplemental Guarantor Financial Information (Tables)	6 Months Ended
Supplemental Guarantor Financial Information (Tables)	Jul. 30, 2016
Condensed Consolidating Balance Sheet [Abstract]
Condensed Balance Sheet [Table Text Block]	L BRANDS, INC. CONDENSED CONSOLIDATING BALANCE SHEET (in millions) (Unaudited) July 30, 2016 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. ASSETS Current Assets: Cash and Cash Equivalents $ — $ 890 $ 383 $ — $ 1,273 Accounts Receivable, Net 1 212 53 — 266 Inventories — 1,068 136 — 1,204 Other — 132 85 — 217 Total Current Assets 1 2,302 657 — 2,960 Property and Equipment, Net — 1,780 806 — 2,586 Goodwill — 1,318 30 — 1,348 Trade Names and Other Intangible Assets, Net — 411 — — 411 Net Investments in and Advances to/from Consolidated Affiliates 4,508 15,320 1,661 (21,489 ) — Deferred Income Taxes — 11 19 — 30 Other Assets 137 34 647 (612 ) 206 Total Assets $ 4,646 $ 21,176 $ 3,820 $ (22,101 ) $ 7,541 LIABILITIES AND EQUITY (DEFICIT) Current Liabilities: Accounts Payable $ 4 $ 438 $ 351 $ — $ 793 Accrued Expenses and Other 104 481 294 — 879 Current Portion of Long-term Debt — — 13 — 13 Income Taxes (11 ) 4 141 — 134 Total Current Liabilities 97 923 799 — 1,819 Deferred Income Taxes (3 ) (78 ) 349 — 268 Long-term Debt 5,702 597 4 (597 ) 5,706 Other Long-term Liabilities 1 736 155 (15 ) 877 Total Equity (Deficit) (1,151 ) 18,998 2,513 (21,489 ) (1,129 ) Total Liabilities and Equity (Deficit) $ 4,646 $ 21,176 $ 3,820 $ (22,101 ) $ 7,541 L BRANDS, INC. CONDENSED CONSOLIDATING BALANCE SHEET (in millions) January 30, 2016 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. ASSETS Current Assets: Cash and Cash Equivalents $ — $ 2,190 $ 358 $ — $ 2,548 Accounts Receivable, Net 1 202 58 — 261 Inventories — 978 144 — 1,122 Other — 115 110 — 225 Total Current Assets 1 3,485 670 — 4,156 Property and Equipment, Net — 1,574 756 — 2,330 Goodwill — 1,318 — — 1,318 Trade Names and Other Intangible Assets, Net — 411 — — 411 Net Investments in and Advances to/from Consolidated Affiliates 5,368 13,649 1,242 (20,259 ) — Deferred Income Taxes — 11 19 — 30 Other Assets 141 40 679 (612 ) 248 Total Assets $ 5,510 $ 20,488 $ 3,366 $ (20,871 ) $ 8,493 LIABILITIES AND EQUITY (DEFICIT) Current Liabilities: Accounts Payable $ — $ 333 $ 335 $ — $ 668 Accrued Expenses and Other 100 519 358 — 977 Current Portion of Long-term Debt — — 6 — 6 Income Taxes (3 ) 237 (10 ) — 224 Total Current Liabilities 97 1,089 689 — 1,875 Deferred Income Taxes (3 ) (86 ) 346 — 257 Long-term Debt 5,714 597 1 (597 ) 5,715 Other Long-term Liabilities — 670 248 (14 ) 904 Total Equity (Deficit) (298 ) 18,218 2,082 (20,260 ) (258 ) Total Liabilities and Equity (Deficit) $ 5,510 $ 20,488 $ 3,366 $ (20,871 ) $ 8,493 L BRANDS, INC. CONDENSED CONSOLIDATING BALANCE SHEET (in millions) (Unaudited) August 1, 2015 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. ASSETS Current Assets: Cash and Cash Equivalents $ — $ 453 $ 327 $ — $ 780 Accounts Receivable, Net 1 201 55 — 257 Inventories — 980 126 — 1,106 Other 1 191 128 — 320 Total Current Assets 2 1,825 636 — 2,463 Property and Equipment, Net — 1,485 790 — 2,275 Goodwill — 1,318 — — 1,318 Trade Names and Other Intangible Assets, Net — 411 — — 411 Net Investments in and Advances to/from Consolidated Affiliates 3,979 15,589 1,642 (21,210 ) — Deferred Income Taxes — 10 17 — 27 Other Assets 140 34 682 (612 ) 244 Total Assets $ 4,121 $ 20,672 $ 3,767 $ (21,822 ) $ 6,738 LIABILITIES AND EQUITY (DEFICIT) Current Liabilities: Accounts Payable $ 7 $ 385 $ 333 $ — $ 725 Accrued Expenses and Other 85 500 255 — 840 Income Taxes — — 5 — 5 Total Current Liabilities 92 885 593 — 1,570 Deferred Income Taxes (3 ) (59 ) 308 — 246 Long-term Debt 4,720 597 — (597 ) 4,720 Other Long-term Liabilities — 619 243 (13 ) 849 Total Equity (Deficit) (688 ) 18,630 2,623 (21,212 ) (647 ) Total Liabilities and Equity (Deficit) $ 4,121 $ 20,672 $ 3,767 $ (21,822 ) $ 6,738
Condensed Income Statement [Table Text Block]	L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF INCOME (in millions) (Unaudited) Year-to-Date 2016 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Sales $ — $ 5,196 $ 1,666 $ (1,358 ) $ 5,504 Costs of Goods Sold, Buying and Occupancy — (3,240 ) (1,380 ) 1,272 (3,348 ) Gross Profit — 1,956 286 (86 ) 2,156 General, Administrative and Store Operating Expenses (4 ) (1,274 ) (219 ) 73 (1,424 ) Operating Income (Loss) (4 ) 682 67 (13 ) 732 Interest Expense (199 ) (20 ) (5 ) 25 (199 ) Other Income (Loss) (36 ) 2 114 — 80 Income (Loss) Before Income Taxes (239 ) 664 176 12 613 Provision for Income Taxes (14 ) 134 88 — 208 Equity in Earnings (Loss), Net of Tax 630 285 264 (1,179 ) — Net Income (Loss) $ 405 $ 815 $ 352 $ (1,167 ) $ 405 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF INCOME (in millions) (Unaudited) Year-to-Date 2015 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Sales $ — $ 4,957 $ 1,630 $ (1,310 ) $ 5,277 Costs of Goods Sold, Buying and Occupancy — (3,031 ) (1,321 ) 1,245 (3,107 ) Gross Profit — 1,926 309 (65 ) 2,170 General, Administrative and Store Operating Expenses (6 ) (1,245 ) (202 ) 58 (1,395 ) Operating Income (Loss) (6 ) 681 107 (7 ) 775 Interest Expense (158 ) (12 ) (5 ) 17 (158 ) Other Income (Loss) — 4 72 — 76 Income (Loss) Before Income Taxes (164 ) 673 174 10 693 Provision for Income Taxes — 168 72 — 240 Equity in Earnings (Loss), Net of Tax 617 379 253 (1,249 ) — Net Income (Loss) $ 453 $ 884 $ 355 $ (1,239 ) $ 453 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF INCOME (in millions) (Unaudited) Second Quarter 2015 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Sales $ — $ 2,588 $ 814 $ (637 ) $ 2,765 Costs of Goods Sold, Buying and Occupancy — (1,607 ) (705 ) 661 (1,651 ) Gross Profit — 981 109 24 1,114 General, Administrative and Store Operating Expenses (2 ) (629 ) (106 ) 26 (711 ) Operating Income (Loss) (2 ) 352 3 50 403 Interest Expense (78 ) (4 ) (3 ) 7 (78 ) Other Income (Loss) — — (2 ) — (2 ) Income (Loss) Before Income Taxes (80 ) 348 (2 ) 57 323 Provision for Income Taxes — 90 31 — 121 Equity in Earnings (Loss), Net of Tax 282 154 130 (566 ) — Net Income (Loss) $ 202 $ 412 $ 97 $ (509 ) $ 202 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF INCOME (in millions) (Unaudited) Second Quarter 2016 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Sales $ — $ 2,724 $ 808 $ (642 ) $ 2,890 Costs of Goods Sold, Buying and Occupancy — (1,701 ) (669 ) 593 (1,777 ) Gross Profit — 1,023 139 (49 ) 1,113 General, Administrative and Store Operating Expenses (2 ) (635 ) (106 ) 38 (705 ) Operating Income (Loss) (2 ) 388 33 (11 ) 408 Interest Expense (101 ) (11 ) (3 ) 14 (101 ) Other Income (Loss) (36 ) 1 108 — 73 Income (Loss) Before Income Taxes (139 ) 378 138 3 380 Provision for Income Taxes (13 ) 72 69 — 128 Equity in Earnings (Loss), Net of Tax 378 223 196 (797 ) — Net Income (Loss) $ 252 $ 529 $ 265 $ (794 ) $ 252
Condensed Statement of Comprehensive Income [Table Text Block]	L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (in millions) (Unaudited) Year-to-Date 2016 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Income (Loss) $ 405 $ 815 $ 352 $ (1,167 ) $ 405 Other Comprehensive Income (Loss), Net of Tax: Foreign Currency Translation — — (10 ) — (10 ) Unrealized Gain (Loss) on Cash Flow Hedges — — (11 ) — (11 ) Reclassification of Cash Flow Hedges to Earnings — — 9 — 9 Unrealized Loss on Marketable Securities — — (3 ) — (3 ) Reclassification of Gain on Marketable Securities to Earnings — — (3 ) — (3 ) Total Other Comprehensive Income (Loss), Net of Tax — — (18 ) — (18 ) Total Comprehensive Income (Loss) $ 405 $ 815 $ 334 $ (1,167 ) $ 387 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (in millions) (Unaudited) Second Quarter 2015 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Income (Loss) $ 202 $ 412 $ 97 $ (509 ) $ 202 Other Comprehensive Income (Loss), Net of Tax: Foreign Currency Translation — — 22 — 22 Unrealized Gain (Loss) on Cash Flow Hedges — — 14 — 14 Reclassification of Cash Flow Hedges to Earnings — — (27 ) — (27 ) Total Other Comprehensive Income (Loss), Net of Tax — — 9 — 9 Total Comprehensive Income (Loss) $ 202 $ 412 $ 106 $ (509 ) $ 211 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (in millions) (Unaudited) Year-to-Date 2015 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Income (Loss) $ 453 $ 884 $ 355 $ (1,239 ) $ 453 Other Comprehensive Income (Loss), Net of Tax: Foreign Currency Translation — — 12 — 12 Unrealized Gain (Loss) on Cash Flow Hedges — — 4 — 4 Reclassification of Cash Flow Hedges to Earnings — — (10 ) — (10 ) Total Other Comprehensive Income (Loss), Net of Tax — — 6 — 6 Total Comprehensive Income (Loss) $ 453 $ 884 $ 361 $ (1,239 ) $ 459 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (in millions) (Unaudited) Second Quarter 2016 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Income (Loss) $ 252 $ 529 $ 265 $ (794 ) $ 252 Other Comprehensive Income (Loss), Net of Tax: Foreign Currency Translation — — (18 ) — (18 ) Unrealized Gain (Loss) on Cash Flow Hedges — — 5 — 5 Reclassification of Cash Flow Hedges to Earnings — — (5 ) — (5 ) Unrealized Loss on Marketable Securities — — (2 ) — (2 ) Reclassification of Gain on Marketable Securities to Earnings — — — — — Total Other Comprehensive Income (Loss), Net of Tax — — (20 ) — (20 ) Total Comprehensive Income (Loss) $ 252 $ 529 $ 245 $ (794 ) $ 232
Condensed Cash Flow Statement [Table Text Block]	L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (in millions) (Unaudited) Year-to-Date 2016 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Cash Provided by (Used for) Operating Activities $ (258 ) $ 490 $ 189 $ — $ 421 Investing Activities: Capital Expenditures — (382 ) (115 ) — (497 ) Return of Capital from Easton Town Center, LLC — — 108 — 108 Acquisition, Net of Cash Acquired of $1 — — (31 ) — (31 ) Proceeds from Sale of Marketable Securities — — 10 — 10 Net Investments in Consolidated Affiliates — — (38 ) 38 — Other Investing Activities — 1 15 — 16 Net Cash Used for Investing Activities — (381 ) (51 ) 38 (394 ) Financing Activities: Proceeds from the Issuance of Long-term Debt, Net of Issuance Costs 692 — — — 692 Payment of Long-term Debt (742 ) — — — (742 ) Borrowings from Revolving Facilities — — 10 — 10 Dividends Paid (923 ) — — — (923 ) Repurchases of Common Stock (385 ) — — — (385 ) Excess Tax Benefits from Share-based Compensation — 33 4 — 37 Net Financing Activities and Advances to/from Consolidated Affiliates 1,603 (1,441 ) (124 ) (38 ) — Proceeds from Exercise of Stock Options 13 — — — 13 Financing Costs and Other — (1 ) — — (1 ) Net Cash Provided by (Used for) Financing Activities 258 (1,409 ) (110 ) (38 ) (1,299 ) Effects of Exchange Rate Changes on Cash and Cash Equivalents — — (3 ) — (3 ) Net Increase (Decrease) in Cash and Cash Equivalents — (1,300 ) 25 — (1,275 ) Cash and Cash Equivalents, Beginning of Period — 2,190 358 — 2,548 Cash and Cash Equivalents, End of Period $ — $ 890 $ 383 $ — $ 1,273 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (in millions) (Unaudited) Year-to-Date 2015 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Cash Provided by (Used for) Operating Activities $ (147 ) $ 481 $ 41 $ — $ 375 Investing Activities: Capital Expenditures — (254 ) (104 ) — (358 ) Proceeds from the Sale of Assets — — 135 — 135 Proceeds from Divestiture of Third-party Apparel Sourcing Business — 1 84 — 85 Purchase of Marketable Securities — (50 ) — — (50 ) Other Investing Activities — — 1 — 1 Net Cash Provided by (Used for) Investing Activities — (303 ) 116 — (187 ) Financing Activities: Dividends Paid (880 ) — — — (880 ) Repurchases of Common Stock (295 ) — — — (295 ) Excess Tax Benefits from Share-based Compensation — 53 8 — 61 Net Financing Activities and Advances to/from Consolidated Affiliates 1,299 (1,240 ) (59 ) — — Proceeds from Exercise of Stock Options 23 — — — 23 Net Cash Provided by (Used for) Financing Activities 147 (1,187 ) (51 ) — (1,091 ) Effects of Exchange Rate Changes on Cash and Cash Equivalents — — 2 — 2 Net Increase (Decrease) in Cash and Cash Equivalents — (1,009 ) 108 — (901 ) Cash and Cash Equivalents, Beginning of Period — 1,462 219 — 1,681 Cash and Cash Equivalents, End of Period $ — $ 453 $ 327 $ — $ 780

New Accounting Pronouncement De

New Accounting Pronouncement Debt Issuance Costs (Details) $ in Millions	Aug. 01, 2015USD ($)
Adjustments for New Accounting Pronouncement [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unamortized Debt Issuance Expense	$ 39

New Accounting Pronouncement 37

New Accounting Pronouncement Deferred Income Taxes (Details) - Adjustments for New Accounting Pronouncement [Member] $ in Millions	Aug. 01, 2015USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred Income Taxes and Other Assets, Current	$ 35
Deferred Income Tax Assets, Net	8
Deferred Income Tax Liabilities, Net	$ 27

Earnings Per Share And Shareh38

Earnings Per Share And Shareholders' Equity (Shares Utilized for the Calculation of Basic and Diluted Earnings per Share) (Details) - shares shares in Millions		3 Months Ended		6 Months Ended
		Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Weighted-average Common Shares:
Issued Shares		314	312	314	312
Treasury Shares		(27)	(21)	(27)	(20)
Basic Shares		287	291	287	292
Effect of Dilutive Options and Restricted Stock		4	6	5	6
Diluted Shares		291	297	292	298
Anti-dilutive Options and Awards (a)	[1]	3	1	2	1

[1]	These options and awards were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

Earnings Per Share And Shareh39

Earnings Per Share And Shareholders' Equity (Schedule of Company's Repurchase Program) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	1 Months Ended	6 Months Ended
	Aug. 31, 2016	Jul. 30, 2016	Aug. 01, 2015	Apr. 30, 2016	Jan. 30, 2016	May 02, 2015
February 2016 Repurchase Program [Member]
Amount Authorized				$ 500
Shares Repurchased		4,968
Amount Repurchased		$ 388
Average Stock Price of Shares Repurchased within Program		$ 78.07
Remaining authorized repurchase amount		$ 112
June 2015 Repurchase Program [Member]
Amount Authorized			$ 250
Shares Repurchased			624
Amount Repurchased			$ 52
Average Stock Price of Shares Repurchased within Program			$ 83.75
Remaining authorized repurchase amount				$ 17
February 2015 Repurchase Program [Member] [Member]
Amount Authorized						$ 250
Shares Repurchased			2,788
Amount Repurchased			$ 250
Average Stock Price of Shares Repurchased within Program			$ 89.45
Accounts Payable [Member] \| February 2016 Repurchase Program [Member]
Share repurchase reflected in Accounts payable		$ 3
Accounts Payable [Member] \| June 2015 Repurchase Program [Member]
Share repurchase reflected in Accounts payable			$ 7		$ 0
Subsequent Event [Member] \| February 2016 Repurchase Program [Member]
Shares Repurchased	300
Amount Repurchased	$ 19

Earnings Per Share And Shareh40

Earnings Per Share And Shareholders' Equity (Dividends) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended				6 Months Ended
	Jul. 30, 2016	Apr. 30, 2016	Aug. 01, 2015	May 02, 2015	Jul. 30, 2016	Aug. 01, 2015
Earnings Per Share And Shareholders' Equity [Abstract]
Ordinary Dividends	$ 0.60	$ 0.60	$ 0.50	$ 0.5	$ 1.2	$ 1
Special Dividends	0	2	0	2	2	2
Total Dividends	$ 0.6	$ 2.6	$ 0.5	$ 2.5	$ 3.2	$ 3
Total Paid	$ 173	$ 750	$ 146	$ 734	$ 923	$ 880

Acquisition (Details)

Acquisition (Details) $ in Millions	Apr. 18, 2016USD ($)	Jul. 30, 2016
Business Acquisition [Line Items]
Number of Stores		29
American Beauty Limited [Member]
Business Acquisition [Line Items]
Business Acquisition, Effective Date of Acquisition	Apr. 18, 2016
Business Combination, Consideration Transferred	$ 44
Number of Stores	26
Forgiveness of Liabilities Owed to the Company	$ 10
Cash and Cash Equivalents	1
Inventories	3
Property and Equipment	10
Goodwill	30
Other Assets	3
Current Liabilities	(3)
Net Assets Acquired	44
Consideration Not Yet Paid	(2)
Consideration Paid at Closing	$ 32

Restructuring Activities (Detai

Restructuring Activities (Details) $ in Millions	3 Months Ended	6 Months Ended
Restructuring Activities (Details) $ in Millions	Apr. 30, 2016USD ($)position	Jul. 30, 2016USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 35
Payments for Restructuring		$ 8
Restructuring Reserve, Accrual Adjustment		1
Restructuring Reserve		$ 16
Cost of Goods Sold, Buying and Occupancy [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	11
Selling, General and Administrative Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Severance Costs	$ 24
Home Office Employees [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated \| position	200
Non-cash Charge [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 10

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Jul. 30, 2016	Jan. 30, 2016	Aug. 01, 2015
Inventory, Net [Abstract]
Finished Goods Merchandise	$ 1,062	$ 1,014	$ 963
Raw Materials and Merchandise Components	142	108	143
Total Inventories	$ 1,204	$ 1,122	$ 1,106

Property And Equipment, Net (De

Property And Equipment, Net (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015	Jan. 30, 2016
Property, Plant and Equipment [Line Items]
Property and Equipment, at Cost	$ 5,991	$ 5,565	$ 5,991	$ 5,565	$ 5,639
Accumulated Depreciation and Amortization	(3,405)	(3,290)	(3,405)	(3,290)	(3,309)
Property and Equipment, Net	2,586	2,275	2,586	2,275	$ 2,330
Depreciation	$ 124	$ 113	$ 245	$ 224

Equity Investments and Other (D

Equity Investments and Other (Details) $ in Millions	3 Months Ended		6 Months Ended
Equity Investments and Other (Details) $ in Millions	Jul. 30, 2016USD ($)a	May 02, 2015USD ($)	Jul. 30, 2016USD ($)a	Aug. 01, 2015USD ($)	Jan. 30, 2016USD ($)
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Realized Gain (Loss) on Disposal			$ 0	$ 78
Gain (Loss) on Equity Method Investment Dividends Or Distributions	$ 108		$ 108	0
Gain (Loss) on Equity Method Investment Dividends or Distributions, Net of Tax	70
Proceeds from Equity Method Investments, Return of Capital and Other	$ 124
Easton Investment [Member]
Schedule of Equity Method Investments [Line Items]
Acres Of Land \| a	1,300		1,300
Easton Investment Carrying Value included in Other Assets	$ 80		$ 80	$ 94	$ 86
Third Party Sourcing Business [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Net Sales Proceeds		$ 85
Equity Method Investment, Realized Gain (Loss) on Disposal		78
Equity Method Investment, Realized Gain (Loss) on Disposal		$ 69

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Millions	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015	Jan. 30, 2016
Effective Income Tax Rate, Continuing Operations	33.60%	37.40%	34.00%	34.60%
Income Taxes Paid	$ 111	$ 182	$ 338	$ 370
Unrecognized Tax Benefits					$ 248
Unrecognized Tax Benefits that Would Impact Effective Tax Rate					217
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities			90
Tax Adjustments, Settlements, and Unusual Provisions			11
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	83		83
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 27	$ 36	$ 27	$ 36	$ 38

Long-term Debt (Schedule Of Lon

Long-term Debt (Schedule Of Long-term Debt Instruments) (Details) - USD ($) $ in Millions		Jul. 30, 2016	Jan. 30, 2016	Aug. 01, 2015
Senior Unsecured Debt with Subsidiary Guarantee		$ 5,057	$ 4,360	$ 3,365
Other Borrowings		17	7	0
Unsecured Debt		662	1,361	1,355
Debt, Current		(13)	(6)	0
Debt, Long-term and Short-term, Combined Amount		5,719	5,721	4,720
Total Long-term Debt, Net of Current Portion		5,706	5,715	4,720
Fixed Rate 6.875% Notes Due November 2035 [Member]
Senior Unsecured Debt with Subsidiary Guarantee		989	988	0
Fixed Rate 5.625% Notes Due February 2022 [Member]
Senior Unsecured Debt with Subsidiary Guarantee		992	991	990
Fixed Rate 6.625% Notes Due April 2021 [Member]
Senior Unsecured Debt with Subsidiary Guarantee		991	990	989
Fixed Rate 5.625% Notes Due October 2023 [Member]
Senior Unsecured Debt with Subsidiary Guarantee		497	496	496
Fixed Rate 8.50% Notes Due June 2019 [Member]
Senior Unsecured Debt with Subsidiary Guarantee	[1]	500	499	495
Fair Value Interest Rate Hedge Adjustment		8	8	5
Fixed Rate 7.00% Notes Due May 2020 [Member]
Senior Unsecured Debt with Subsidiary Guarantee		396	396	395
Fixed Rate 6.90% Notes Due July 2017 [Member]
Senior Unsecured Debt	[2]	0	709	710
Fair Value Interest Rate Hedge Adjustment			10	11
Fixed Rate 6.95% Debentures Due March 2033 [Member]
Senior Unsecured Debt		348	348	348
Fixed Rate 7.60% Notes Due July 2037 [Member]
Senior Unsecured Debt		297	297	297
Fixed Rate 6.75% Notes Due July 2036 [Member]
Senior Unsecured Debt with Subsidiary Guarantee		$ 692	$ 0	$ 0

[1]	The balances include a fair value interest rate hedge adjustment which increased the debt balance by $8 million as of July 30, 2016, $8 million as of January 30, 2016 and $5 million as of August 1, 2015.
[2]	The balances include a fair value interest rate hedge adjustment which increased the debt balance by $10 million as of January 30, 2016 and $11 million as of August 1, 2015.

Long-term Debt (Issuance And Re

Long-term Debt (Issuance And Repurchase Of Notes) (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2016	Oct. 31, 2015	Jul. 30, 2016	Aug. 01, 2015
Proceeds from Debt, Net of Issuance Costs			$ 692	$ 0
Debt Instrument, Repurchase Amount			742	0
Gains (Losses) on Extinguishment of Debt			(36)	0
Fixed Rate 6.75% Notes Due July 2036 [Member]
Debt Instrument, Face Amount	$ 700		$ 700
Debt instrument, stated rate	6.75%		6.75%
Proceeds from Debt, Net of Issuance Costs	$ 692
Debt Issuance Cost	8
Fixed Rate 6.875% Notes Due November 2035 [Member]
Debt Instrument, Face Amount		$ 1,000
Debt instrument, stated rate		6.875%
Proceeds from Debt, Net of Issuance Costs		$ 988
Debt Issuance Cost		$ 12
Fixed Rate 6.90% Notes Due July 2017 [Member]
Extinguishment of Debt, Amount	700
Debt Instrument, Repurchase Amount	742
Gains (Losses) on Extinguishment of Debt	36
Extinguishment of Debt, Gain (Loss), Net of Tax	22
Adjustments for New Accounting Pronouncement [Member]
Unamortized Debt Issuance Expense				$ 39
Interest Rate Swap [Member] \| Fixed Rate 6.75% Notes Due July 2036 [Member]
Derivative, Gain on Derivative	$ 7

Long-term Debt (Revolving Facil

Long-term Debt (Revolving Facility And Letters Of Credit) (Narrative) (Details) $ in Millions	3 Months Ended	6 Months Ended
	Jul. 30, 2016USD ($)	Jul. 30, 2016USD ($)	Aug. 01, 2015USD ($)
Proceeds from Long-term Lines of Credit		$ 10	$ 0
Letter of Credit [Member]
Outstanding letters of credit	$ 8	8
Revolving Credit Facility [Member] \| Foreign Revolving Credit Expiring Nov 2016 to Jul 2017 [Member]
Revolving facility, borrowing capacity	100	100
Outstanding letters of credit	17	17
Proceeds from Long-term Lines of Credit	4
Line of Credit Facility, Maximum Amount Outstanding During Period		17
Revolving Credit Facility [Member] \| Revolving Credit Expiring July 2019 [Member]
Revolving facility, borrowing capacity	$ 1,000	$ 1,000
Revolving Facility Commitment fee percentage, unused capacity		0.30%
Revolving Facility Current credit fees percentage rate, letters of credit		1.50%
Revolving Facility Percentage spread over variable base rate		1.50%
Revolving Facility Covenant Fixed charge coverage ratio		1.75
Revolving Facility Covenant Ratio of consolidated debt to consolidated EBITDA		4
Revolving Facility Covenant Debt to EBITDA ratio required for unlimited investments and restricted payments	3	3
Revolving Facility Covenant Line of Credit Financial Covenant Ratio of Consolidated Debt to Consolidated EBITDA Maximum Current Rate	3	3
Outstanding letters of credit	$ 0	$ 0

Derivative Instruments (Foreign

Derivative Instruments (Foreign Exchange Contracts - Cash Flow Hedging Disclosure) (Details) CAD in Millions, $ in Millions	3 Months Ended				6 Months Ended
	Jul. 30, 2016USD ($)		Aug. 01, 2015USD ($)		Jul. 30, 2016USD ($)	Aug. 01, 2015USD ($)	Jul. 30, 2016CAD	Jul. 30, 2016USD ($)	Jan. 30, 2016USD ($)
Gain (Loss) on Foreign Currency Cash Flow Hedge Ineffectiveness					$ 0
Foreign Currency Cash Flow Hedge Asset at Fair Value			$ 25			$ 25		$ 16	$ 27
Other Comprehensive Income (Loss) [Member]
Unrealized Gain (Loss) on Foreign Currency Derivatives, Net, before Tax	$ 5		14		(11)	4
Other Income (Loss) [Member]
(Gain) Loss Reclassified from Accumulated Other Comprehensive Income (Loss) into Other Income (Loss)	$ (5)	[1]	(27)	[1]	$ 9	(10)
Cash Flow Hedging [Member] \| Foreign Exchange Contract [Member]
Derivative, Notional Amount \| CAD							CAD 170
Other Assets [Member]
Foreign Currency Cash Flow Hedge Asset at Fair Value			$ 25			$ 25		$ 16	$ 27

[1]	Represents reclassification of amounts from accumulated other comprehensive income (loss) to earnings to completely offset foreign currency transaction gains and losses recognized on the intercompany loans. No ineffectiveness was associated with these foreign exchange cash flow hedges

Derivative Instruments Fair Val

Derivative Instruments Fair Values Derivatives, Balance Sheet Location, by Derivative Contract Type (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015	Jan. 30, 2016
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Asset at Fair Value	$ 16	$ 25	$ 16	$ 25	$ 27
Other Assets [Member]
Derivatives, Fair Value [Line Items]
Interest Rate Fair Value Hedge Asset at Fair Value	8	7	8	7	11
Foreign Currency Cash Flow Hedge Asset at Fair Value	16	25	16	25	$ 27
Other Comprehensive Income (Loss) [Member]
Derivatives, Fair Value [Line Items]
Unrealized Gain (Loss) on Foreign Currency Derivatives, Net, before Tax	$ 5	$ 14	$ (11)	$ 4

Derivative Instruments Derivati

Derivative Instruments Derivative Instruments (Interest Rate Contracts - Fair Value Hedging Disclosures) (Details) $ in Millions	Jul. 30, 2016USD ($)
Fair Value Hedging [Member] \| Interest Rate Swap [Member] \| Fixed Rate 8.50% Notes Due June 2019 [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 300

Fair Value Measurements (Carryi

Fair Value Measurements (Carrying Value And Fair Value Of Long-Term Debt, Disclosure) (Detail) - USD ($) $ in Millions		Jul. 30, 2016	Jan. 30, 2016	Aug. 01, 2015
Fair Value Measurements
Principal Value		$ 5,750	$ 5,750	$ 4,750
Fair Value (a)	[1]	$ 6,349	$ 6,209	$ 5,233

[1]	The estimated fair value of the Company’s publicly traded debt is based on reported transaction prices which are considered Level 2 inputs in accordance with ASC Topic 820, Fair Value Measurement. The estimates presented are not necessarily indicative of the amounts that the Company could realize in a current market exchange.

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value, Assets And Liabilities Measured On Recurring Basis) (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jul. 30, 2016	Apr. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015	Jan. 30, 2016	Oct. 31, 2015
Available-for-sale Securities, Gross Realized Gains				$ 4	$ 0
Assets:
Cash and Cash Equivalents	$ 1,273		$ 780	1,273	780	$ 2,548
Available-for-sale Securities	8		50	8	50	22
Foreign Currency Cash Flow Hedge Asset at Fair Value	16		25	16	25	27
Interest Rate Designated Fair Value Hedges	8		7	8	7	11
Proceeds from Sale of Available-for-sale Securities, Equity		$ 10
Liabilities:
Marketable Securities, Realized Gain (Loss)	0	$ (3)	0	(3)	0
Fair Value, Inputs, Level 1 [Member]
Assets:
Cash and Cash Equivalents	1,273		780	1,273	780	2,548
Available-for-sale Securities	8		50	8	50	22
Foreign Currency Cash Flow Hedge Asset at Fair Value	0			0		0
Interest Rate Designated Fair Value Hedges	0		0	0	0	0
Marketable Securities, Equity Securities, Current							$ 10
Liabilities:
Foreign Currency Cash Flow Hedge Liability at Fair Value			0		0
Fair Value, Inputs, Level 2 [Member]
Assets:
Cash and Cash Equivalents	0		0	0	0	0
Available-for-sale Securities	0		0	0	0	0
Foreign Currency Cash Flow Hedge Asset at Fair Value	16		25	16	25	27
Interest Rate Designated Fair Value Hedges	8		7	8	7	11
Fair Value, Inputs, Level 3 [Member]
Assets:
Cash and Cash Equivalents	0		0	0	0	0
Available-for-sale Securities	0		0	0	0	0
Foreign Currency Cash Flow Hedge Asset at Fair Value	0			0		0
Interest Rate Designated Fair Value Hedges	$ 0		0	$ 0	0	$ 0
Liabilities:
Foreign Currency Cash Flow Hedge Liability at Fair Value			$ 0		$ 0

Comprehensive Income (Component

Comprehensive Income (Components Of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jul. 30, 2016	Apr. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Accumulated Other Comprehensive Income (Loss), Beginning Balance		$ 40		$ 40	$ 35
Other Comprehensive Income (Loss) Before Reclassifications				(24)	16
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)				6	(10)
Current-period Other Comprehensive Income (Loss)	$ (20)		$ 9	(18)	6
Accumulated Other Comprehensive Income (Loss), Ending Balance	22		41	22	41
Other Income (Loss)	73		(2)	80	76
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	0	(3)	0	(3)	0
Available-for-sale Securities, Gross Realized Gains				(4)	0
Provision for Income Taxes	128		121	208	240
Net Income	252		202	405	453
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss), Beginning Balance		28		28	51
Other Comprehensive Income (Loss) Before Reclassifications				(10)	12
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)				0	0
Current-period Other Comprehensive Income (Loss)				(10)	12
Accumulated Other Comprehensive Income (Loss), Ending Balance	18		63	18	63
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss), Beginning Balance		4		4	(16)
Other Comprehensive Income (Loss) Before Reclassifications				(11)	4
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)				9	(10)
Current-period Other Comprehensive Income (Loss)				(2)	(6)
Accumulated Other Comprehensive Income (Loss), Ending Balance	2		(22)	2	(22)
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss), Beginning Balance		8		8	0
Other Comprehensive Income (Loss) Before Reclassifications				(3)	0
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)				(3)	0
Current-period Other Comprehensive Income (Loss)				(6)	0
Accumulated Other Comprehensive Income (Loss), Ending Balance	2		0	2	0
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Other Income (Loss)	(5)		(27)	9	(10)
Provision for Income Taxes	0		0	0	0
Net Income	(5)		(27)	9	(10)
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Other Income (Loss)			$ 0		$ 0
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax	0			1
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	0			(3)
Available-for-sale Securities, Gross Realized Gains	$ 0	$ (4)		$ (4)

Commitments And Contingencies (

Commitments And Contingencies (Details) $ in Millions	6 Months Ended
Commitments And Contingencies (Details) $ in Millions	Jul. 30, 2016USD ($)
Sale Leaseback Transaction, Other Information	105
Property Lease Guarantee [Member]
Lease guarantees remaining after disposition of certain businesses	$ 20
Lease guarantees, estimated fair value	$ 3

Retirement Benefits (Narrative)

Retirement Benefits (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Retirement Benefits Disclosure [Line Items]
Expense related to the qualified plan	$ 15	$ 14	$ 32	$ 31
Other Pension Plans, Postretirement or Supplemental Plans, Defined Benefit [Member]
Retirement Benefits Disclosure [Line Items]
Expense related to non-qualified plan	$ 6	$ 6	$ 13	$ 13

Segment Information (Details)

Segment Information (Details) $ in Millions	3 Months Ended		6 Months Ended
Segment Information (Details) $ in Millions	Jul. 30, 2016USD ($)	Aug. 01, 2015USD ($)	Jul. 30, 2016USD ($)Reportable_Segments	Aug. 01, 2015USD ($)
Number of Reportable Segments \| Reportable_Segments			3
Net Sales	$ 2,890	$ 2,765	$ 5,504	$ 5,277
Operating Income (Loss)	$ 408	403	$ 732	775
Number of Stores	29		29
Victoria's Secret [Member]
Net Sales	$ 1,867	1,806	$ 3,608	3,490
Operating Income (Loss)	281	298	515	587
Bath & Body Works [Member]
Net Sales	801	748	1,462	1,361
Operating Income (Loss)	148	138	260	235
Victoria's Secret and Bath & Body Works International [Member]
Net Sales	100	89	195	181
Operating Income (Loss)	8	20	21	41
Other [Member]
Net Sales	122	122	239	245
Operating Income (Loss)	(29)	(53)	(64)	(88)
International [Member]
International sales	$ 333	$ 313	$ 628	$ 606

Subsequent Event (Details)

Subsequent Event (Details) - February 2016 Repurchase Program [Member] - USD ($) shares in Thousands, $ in Millions	1 Months Ended	6 Months Ended
	Aug. 31, 2016	Jul. 30, 2016
Subsequent Event [Line Items]
Shares Repurchased		4,968
Amount Repurchased		$ 388
Subsequent Event [Member]
Subsequent Event [Line Items]
Shares Repurchased	300
Amount Repurchased	$ 19

Supplemental Guarantor Financ60

Supplemental Guarantor Financial Information (Narrative) (Details)	6 Months Ended
	Jul. 30, 2016
Supplemental Guarantor Financial Information [Abstract]
Minimum percentage of assets owned by domestic subsidiaries	90.00%
Minimum percentage of accounts receivable and inventory owned by domestic subsidiaries	95.00%

Supplemental Guarantor Financ61

Supplemental Guarantor Financial Information (Consolidated Balance Sheets) (Details) - USD ($) $ in Millions	Jul. 30, 2016	Jan. 30, 2016	Aug. 01, 2015	Jan. 31, 2015
Current Assets:
Cash and Cash Equivalents	$ 1,273	$ 2,548	$ 780	$ 1,681
Accounts Receivable, Net	266	261	257
Inventories	1,204	1,122	1,106
Other	217	225	320
Total Current Assets	2,960	4,156	2,463
Deferred Tax Assets, Net, Noncurrent	30	30	27
Property and Equipment, Net	2,586	2,330	2,275
Goodwill	1,348	1,318	1,318
Trade Names and Other Intangible Assets, Net	411	411	411
Net Investments in and Advances to/from Consolidated Affiliates	0	0	0
Other Assets	206	248	244
Total Assets	7,541	8,493	6,738
Current Liabilities:
Accounts Payable	793	668	725
Accrued Expenses and Other	879	977	840
Debt, Current	13	6	0
Income Taxes	134	224	5
Total Current Liabilities	1,819	1,875	1,570
Deferred Income Taxes	268	257	246
Long-term Debt	5,706	5,715	4,720
Other Long-term Liabilities	877	904	849
Total Equity (Deficit)	(1,129)	(258)	(647)
Total Liabilities and Equity (Deficit)	7,541	8,493	6,738
L Brands, Inc.
Current Assets:
Cash and Cash Equivalents	0	0	0	0
Accounts Receivable, Net	1	1	1
Inventories	0	0	0
Other	0	0	1
Total Current Assets	1	1	2
Deferred Tax Assets, Net, Noncurrent	0	0	0
Property and Equipment, Net	0	0	0
Goodwill	0	0	0
Trade Names and Other Intangible Assets, Net	0	0	0
Net Investments in and Advances to/from Consolidated Affiliates	4,508	5,368	3,979
Other Assets	137	141	140
Total Assets	4,646	5,510	4,121
Current Liabilities:
Accounts Payable	4	0	7
Accrued Expenses and Other	104	100	85
Debt, Current	0	0
Income Taxes	(11)	(3)	0
Total Current Liabilities	97	97	92
Deferred Income Taxes	(3)	(3)	(3)
Long-term Debt	5,702	5,714	4,720
Other Long-term Liabilities	1	0	0
Total Equity (Deficit)	(1,151)	(298)	(688)
Total Liabilities and Equity (Deficit)	4,646	5,510	4,121
Guarantor Subsidiaries
Current Assets:
Cash and Cash Equivalents	890	2,190	453	1,462
Accounts Receivable, Net	212	202	201
Inventories	1,068	978	980
Other	132	115	191
Total Current Assets	2,302	3,485	1,825
Deferred Tax Assets, Net, Noncurrent	11	11	10
Property and Equipment, Net	1,780	1,574	1,485
Goodwill	1,318	1,318	1,318
Trade Names and Other Intangible Assets, Net	411	411	411
Net Investments in and Advances to/from Consolidated Affiliates	15,320	13,649	15,589
Other Assets	34	40	34
Total Assets	21,176	20,488	20,672
Current Liabilities:
Accounts Payable	438	333	385
Accrued Expenses and Other	481	519	500
Debt, Current	0	0
Income Taxes	4	237	0
Total Current Liabilities	923	1,089	885
Deferred Income Taxes	(78)	(86)	(59)
Long-term Debt	597	597	597
Other Long-term Liabilities	736	670	619
Total Equity (Deficit)	18,998	18,218	18,630
Total Liabilities and Equity (Deficit)	21,176	20,488	20,672
Non- guarantor Subsidiaries
Current Assets:
Cash and Cash Equivalents	383	358	327	219
Accounts Receivable, Net	53	58	55
Inventories	136	144	126
Other	85	110	128
Total Current Assets	657	670	636
Deferred Tax Assets, Net, Noncurrent	19	19	17
Property and Equipment, Net	806	756	790
Goodwill	30	0	0
Trade Names and Other Intangible Assets, Net	0	0	0
Net Investments in and Advances to/from Consolidated Affiliates	1,661	1,242	1,642
Other Assets	647	679	682
Total Assets	3,820	3,366	3,767
Current Liabilities:
Accounts Payable	351	335	333
Accrued Expenses and Other	294	358	255
Debt, Current	13	6
Income Taxes	141	(10)	5
Total Current Liabilities	799	689	593
Deferred Income Taxes	349	346	308
Long-term Debt	4	1	0
Other Long-term Liabilities	155	248	243
Total Equity (Deficit)	2,513	2,082	2,623
Total Liabilities and Equity (Deficit)	3,820	3,366	3,767
Eliminations
Current Assets:
Cash and Cash Equivalents	0	0	0	$ 0
Accounts Receivable, Net	0	0	0
Inventories	0	0	0
Other	0	0	0
Total Current Assets	0	0	0
Deferred Tax Assets, Net, Noncurrent	0	0	0
Property and Equipment, Net	0	0	0
Goodwill	0	0	0
Trade Names and Other Intangible Assets, Net	0	0	0
Net Investments in and Advances to/from Consolidated Affiliates	(21,489)	(20,259)	(21,210)
Other Assets	(612)	(612)	(612)
Total Assets	(22,101)	(20,871)	(21,822)
Current Liabilities:
Accounts Payable	0	0	0
Accrued Expenses and Other	0	0	0
Debt, Current	0	0
Income Taxes	0	0	0
Total Current Liabilities	0	0	0
Deferred Income Taxes	0	0	0
Long-term Debt	(597)	(597)	(597)
Other Long-term Liabilities	(15)	(14)	(13)
Total Equity (Deficit)	(21,489)	(20,260)	(21,212)
Total Liabilities and Equity (Deficit)	$ (22,101)	$ (20,871)	$ (21,822)

Supplemental Guarantor Financ62

Supplemental Guarantor Financial Information (Consolidated Statements Of Income) (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jul. 30, 2016	Apr. 30, 2016	Aug. 01, 2015	Jul. 30, 2016	Aug. 01, 2015
Net Sales	$ 2,890		$ 2,765	$ 5,504	$ 5,277
Cost of Goods and Services Sold	(1,777)		(1,651)	(3,348)	(3,107)
Gross Profit	1,113		1,114	2,156	2,170
Selling, General and Administrative Expense	(705)		(711)	(1,424)	(1,395)
Operating Income (Loss)	408		403	732	775
Interest Expense	(101)		(78)	(199)	(158)
Other Nonoperating Income (Expense)	73		(2)	80	76
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	380		323	613	693
Provision for Income Taxes	128		121	208	240
Equity in Earnings (Loss), Net of Tax	0		0	0	0
Net Income (Loss)	252		202	405	453
Reclassification of Cash Flow Hedges to Earnings	(5)		(27)	9	(10)
Foreign Currency Translation	(18)		22	(10)	12
Unrealized Gain (Loss) on Cash Flow Hedges	5		14	(11)	4
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	(2)		0	(3)	0
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	0	$ (3)	0	(3)	0
Total Other Comprehensive Income (Loss), Net of Tax	(20)		9	(18)	6
Total Comprehensive Income	232		211	387	459
L Brands, Inc.
Net Sales	0		0	0	0
Cost of Goods and Services Sold	0		0	0	0
Gross Profit	0		0	0	0
Selling, General and Administrative Expense	(2)		(2)	(4)	(6)
Operating Income (Loss)	(2)		(2)	(4)	(6)
Interest Expense	(101)		(78)	(199)	(158)
Other Nonoperating Income (Expense)	(36)		0	(36)	0
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	(139)		(80)	(239)	(164)
Provision for Income Taxes	(13)		0	(14)	0
Equity in Earnings (Loss), Net of Tax	378		282	630	617
Net Income (Loss)	252		202	405	453
Reclassification of Cash Flow Hedges to Earnings	0		0	0	0
Foreign Currency Translation	0		0	0	0
Unrealized Gain (Loss) on Cash Flow Hedges	0		0	0	0
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	0			0
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	0			0
Total Other Comprehensive Income (Loss), Net of Tax	0		0	0	0
Total Comprehensive Income	252		202	405	453
Guarantor Subsidiaries
Net Sales	2,724		2,588	5,196	4,957
Cost of Goods and Services Sold	(1,701)		(1,607)	(3,240)	(3,031)
Gross Profit	1,023		981	1,956	1,926
Selling, General and Administrative Expense	(635)		(629)	(1,274)	(1,245)
Operating Income (Loss)	388		352	682	681
Interest Expense	(11)		(4)	(20)	(12)
Other Nonoperating Income (Expense)	1		0	2	4
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	378		348	664	673
Provision for Income Taxes	72		90	134	168
Equity in Earnings (Loss), Net of Tax	223		154	285	379
Net Income (Loss)	529		412	815	884
Reclassification of Cash Flow Hedges to Earnings	0		0	0	0
Foreign Currency Translation	0		0	0	0
Unrealized Gain (Loss) on Cash Flow Hedges	0		0	0	0
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	0			0
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	0			0
Total Other Comprehensive Income (Loss), Net of Tax	0		0	0	0
Total Comprehensive Income	529		412	815	884
Non- guarantor Subsidiaries
Net Sales	808		814	1,666	1,630
Cost of Goods and Services Sold	(669)		(705)	(1,380)	(1,321)
Gross Profit	139		109	286	309
Selling, General and Administrative Expense	(106)		(106)	(219)	(202)
Operating Income (Loss)	33		3	67	107
Interest Expense	(3)		(3)	(5)	(5)
Other Nonoperating Income (Expense)	108		(2)	114	72
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	138		(2)	176	174
Provision for Income Taxes	69		31	88	72
Equity in Earnings (Loss), Net of Tax	196		130	264	253
Net Income (Loss)	265		97	352	355
Reclassification of Cash Flow Hedges to Earnings	(5)		(27)	9	(10)
Foreign Currency Translation	(18)		22	(10)	12
Unrealized Gain (Loss) on Cash Flow Hedges	5		14	(11)	4
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	(2)			(3)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	0			(3)
Total Other Comprehensive Income (Loss), Net of Tax	(20)		9	(18)	6
Total Comprehensive Income	245		106	334	361
Eliminations
Net Sales	(642)		(637)	(1,358)	(1,310)
Cost of Goods and Services Sold	593		661	1,272	1,245
Gross Profit	(49)		24	(86)	(65)
Selling, General and Administrative Expense	38		26	73	58
Operating Income (Loss)	(11)		50	(13)	(7)
Interest Expense	14		7	25	17
Other Nonoperating Income (Expense)	0		0	0	0
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	3		57	12	10
Provision for Income Taxes	0		0	0	0
Equity in Earnings (Loss), Net of Tax	(797)		(566)	(1,179)	(1,249)
Net Income (Loss)	(794)		(509)	(1,167)	(1,239)
Reclassification of Cash Flow Hedges to Earnings	0		0	0	0
Foreign Currency Translation	0		0	0	0
Unrealized Gain (Loss) on Cash Flow Hedges	0		0	0	0
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	0			0
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	0			0
Total Other Comprehensive Income (Loss), Net of Tax	0		0	0	0
Total Comprehensive Income	$ (794)		$ (509)	$ (1,167)	$ (1,239)

Supplemental Guarantor Financ63

Supplemental Guarantor Financial Information (Consolidated Statements Of Cash Flows) (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jul. 30, 2016	Apr. 30, 2016	Aug. 01, 2015	May 02, 2015	Jul. 30, 2016	Aug. 01, 2015
Net Cash Provided by Operating Activities					$ 421	$ 375
Investing Activities:
Capital Expenditures					(497)	(358)
Proceeds from Sale of Other Assets, Investing Activities					0	135
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital					108	0
Proceeds from Sale of Equity Method Investments					0	85
Proceeds from Sale and Maturity of Marketable Securities					10	0
Investment In Equity Affiliates					0
Payments to Acquire Businesses, Net of Cash Acquired					(31)	0
Payments to Acquire Marketable Securities					0	(50)
Other Investing Activities					16	1
Net Cash Provided by (Used for) Investing Activities					(394)	(187)
Financing Activities:
Proceeds from Debt, Net of Issuance Costs					692	0
Repayments of Long-term Debt					(742)	0
Proceeds from Long-term Lines of Credit					10	0
Repurchases of Common Stock					(385)	(295)
Dividends Paid	$ (173)	$ (750)	$ (146)	$ (734)	(923)	(880)
Excess Tax Benefits from Share-based Compensation					37	61
Net Financing Activities and Advances to/from Consolidated Affiliates					0	0
Proceeds from Exercise of Stock Options					13	23
Proceeds from (Payments for) Other Financing Activities					(1)	0
Net Cash Provided by (Used for) Financing Activities					(1,299)	(1,091)
Effects of Exchange Rate Changes on Cash and Cash Equivalents					(3)	2
Net Increase (Decrease) in Cash and Cash Equivalents					(1,275)	(901)
Cash and Cash Equivalents, Beginning of Period		2,548		1,681	2,548	1,681
Cash and Cash Equivalents, End of Period	1,273		780		1,273	780
L Brands, Inc.
Net Cash Provided by Operating Activities					(258)	(147)
Investing Activities:
Capital Expenditures					0	0
Proceeds from Sale of Other Assets, Investing Activities						0
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital					0
Proceeds from Sale of Equity Method Investments						0
Proceeds from Sale and Maturity of Marketable Securities					0
Investment In Equity Affiliates					0
Payments to Acquire Businesses, Net of Cash Acquired					0
Payments to Acquire Marketable Securities						0
Other Investing Activities					0	0
Net Cash Provided by (Used for) Investing Activities					0	0
Financing Activities:
Proceeds from Debt, Net of Issuance Costs					692
Repayments of Long-term Debt					(742)
Proceeds from Long-term Lines of Credit					0
Repurchases of Common Stock					(385)	(295)
Dividends Paid					(923)	(880)
Excess Tax Benefits from Share-based Compensation					0	0
Net Financing Activities and Advances to/from Consolidated Affiliates					1,603	1,299
Proceeds from Exercise of Stock Options					13	23
Proceeds from (Payments for) Other Financing Activities					0
Net Cash Provided by (Used for) Financing Activities					258	147
Effects of Exchange Rate Changes on Cash and Cash Equivalents					0	0
Net Increase (Decrease) in Cash and Cash Equivalents					0	0
Cash and Cash Equivalents, Beginning of Period		0		0	0	0
Cash and Cash Equivalents, End of Period	0		0		0	0
Guarantor Subsidiaries
Net Cash Provided by Operating Activities					490	481
Investing Activities:
Capital Expenditures					(382)	(254)
Proceeds from Sale of Other Assets, Investing Activities						0
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital					0
Proceeds from Sale of Equity Method Investments						1
Proceeds from Sale and Maturity of Marketable Securities					0
Investment In Equity Affiliates					0
Payments to Acquire Businesses, Net of Cash Acquired					0
Payments to Acquire Marketable Securities						(50)
Other Investing Activities					1	0
Net Cash Provided by (Used for) Investing Activities					(381)	(303)
Financing Activities:
Proceeds from Debt, Net of Issuance Costs					0
Repayments of Long-term Debt					0
Proceeds from Long-term Lines of Credit					0
Repurchases of Common Stock					0	0
Dividends Paid					0	0
Excess Tax Benefits from Share-based Compensation					33	53
Net Financing Activities and Advances to/from Consolidated Affiliates					(1,441)	(1,240)
Proceeds from Exercise of Stock Options					0	0
Proceeds from (Payments for) Other Financing Activities					(1)
Net Cash Provided by (Used for) Financing Activities					(1,409)	(1,187)
Effects of Exchange Rate Changes on Cash and Cash Equivalents					0	0
Net Increase (Decrease) in Cash and Cash Equivalents					(1,300)	(1,009)
Cash and Cash Equivalents, Beginning of Period		2,190		1,462	2,190	1,462
Cash and Cash Equivalents, End of Period	890		453		890	453
Non- guarantor Subsidiaries
Net Cash Provided by Operating Activities					189	41
Investing Activities:
Capital Expenditures					(115)	(104)
Proceeds from Sale of Other Assets, Investing Activities						135
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital					108
Proceeds from Sale of Equity Method Investments						84
Proceeds from Sale and Maturity of Marketable Securities					10
Investment In Equity Affiliates					(38)
Payments to Acquire Businesses, Net of Cash Acquired					(31)
Payments to Acquire Marketable Securities						0
Other Investing Activities					15	1
Net Cash Provided by (Used for) Investing Activities					(51)	116
Financing Activities:
Proceeds from Debt, Net of Issuance Costs					0
Repayments of Long-term Debt					0
Proceeds from Long-term Lines of Credit					10
Repurchases of Common Stock					0	0
Dividends Paid					0	0
Excess Tax Benefits from Share-based Compensation					4	8
Net Financing Activities and Advances to/from Consolidated Affiliates					(124)	(59)
Proceeds from Exercise of Stock Options					0	0
Proceeds from (Payments for) Other Financing Activities					0
Net Cash Provided by (Used for) Financing Activities					(110)	(51)
Effects of Exchange Rate Changes on Cash and Cash Equivalents					(3)	2
Net Increase (Decrease) in Cash and Cash Equivalents					25	108
Cash and Cash Equivalents, Beginning of Period		358		219	358	219
Cash and Cash Equivalents, End of Period	383		327		383	327
Eliminations
Net Cash Provided by Operating Activities					0	0
Investing Activities:
Capital Expenditures					0	0
Proceeds from Sale of Other Assets, Investing Activities						0
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital					0
Proceeds from Sale of Equity Method Investments						0
Proceeds from Sale and Maturity of Marketable Securities					0
Investment In Equity Affiliates					38
Payments to Acquire Businesses, Net of Cash Acquired					0
Payments to Acquire Marketable Securities						0
Other Investing Activities					0	0
Net Cash Provided by (Used for) Investing Activities					38	0
Financing Activities:
Proceeds from Debt, Net of Issuance Costs					0
Repayments of Long-term Debt					0
Proceeds from Long-term Lines of Credit					0
Repurchases of Common Stock					0	0
Dividends Paid					0	0
Excess Tax Benefits from Share-based Compensation					0	0
Net Financing Activities and Advances to/from Consolidated Affiliates					(38)	0
Proceeds from Exercise of Stock Options					0	0
Proceeds from (Payments for) Other Financing Activities					0
Net Cash Provided by (Used for) Financing Activities					(38)	0
Effects of Exchange Rate Changes on Cash and Cash Equivalents					0	0
Net Increase (Decrease) in Cash and Cash Equivalents					0	0
Cash and Cash Equivalents, Beginning of Period		$ 0		$ 0	0	0
Cash and Cash Equivalents, End of Period	$ 0		$ 0		$ 0	$ 0