Schedule Of Supplemental Guarantor Financial Information [Text Block] | Supplemental Guarantor Financial Information The Company’s 2020 Notes, 2021 Notes, 2022 Notes, 2023 Notes, 2027 Notes, 2028 Notes, 2035 Notes, 2036 Notes, Secured Revolving Facility and Secured Foreign Facilities 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 May 4, 2019 , February 2, 2019 and May 5, 2018 and the Condensed Consolidating Statements of Income, Comprehensive Income and Cash Flows for the periods ended May 4, 2019 and May 5, 2018 . L BRANDS, INC. CONDENSED CONSOLIDATING BALANCE SHEET (in millions) (Unaudited) May 4, 2019 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. ASSETS Current Assets: Cash and Cash Equivalents $ — $ 731 $ 415 $ — $ 1,146 Accounts Receivable, Net — 153 121 — 274 Inventories — 1,235 122 — 1,357 Other — 85 85 — 170 Total Current Assets — 2,204 743 — 2,947 Property and Equipment, Net — 1,895 899 — 2,794 Operating Lease Assets — 2,665 606 — 3,271 Goodwill — 1,318 30 — 1,348 Trade Names — 411 — — 411 Net Investments in and Advances to/from Consolidated Affiliates 4,698 19,854 2,223 (26,775 ) — Deferred Income Taxes — 9 52 — 61 Other Assets 127 12 639 (612 ) 166 Total Assets $ 4,825 $ 28,368 $ 5,192 $ (27,387 ) $ 10,998 LIABILITIES AND EQUITY (DEFICIT) Current Liabilities: Accounts Payable $ — $ 378 $ 310 $ — $ 688 Accrued Expenses and Other 61 485 326 — 872 Current Debt — — 72 — 72 Current Operating Lease Liabilities — 358 85 — 443 Income Taxes (7 ) 102 27 — 122 Total Current Liabilities 54 1,323 820 — 2,197 Deferred Income Taxes 1 (42 ) 279 — 238 Long-term Debt 5,663 597 86 (597 ) 5,749 Long-term Operating Lease Liabilities — 2,671 563 — 3,234 Other Long-term Liabilities 60 406 27 (15 ) 478 Total Equity (Deficit) (953 ) 23,413 3,417 (26,775 ) (898 ) Total Liabilities and Equity (Deficit) $ 4,825 $ 28,368 $ 5,192 $ (27,387 ) $ 10,998 L BRANDS, INC. CONDENSED CONSOLIDATING BALANCE SHEET (in millions) February 2, 2019 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. ASSETS Current Assets: Cash and Cash Equivalents $ — $ 997 $ 416 $ — $ 1,413 Accounts Receivable, Net — 241 126 — 367 Inventories — 1,093 155 — 1,248 Other — 139 93 — 232 Total Current Assets — 2,470 790 — 3,260 Property and Equipment, Net — 1,922 896 — 2,818 Goodwill — 1,318 30 — 1,348 Trade Names — 411 — — 411 Net Investments in and Advances to/from Consolidated Affiliates 4,755 19,737 2,047 (26,539 ) — Deferred Income Taxes — 9 53 — 62 Other Assets 127 15 670 (621 ) 191 Total Assets $ 4,882 $ 25,882 $ 4,486 $ (27,160 ) $ 8,090 LIABILITIES AND EQUITY (DEFICIT) Current Liabilities: Accounts Payable $ — $ 363 $ 348 $ — $ 711 Accrued Expenses and Other 92 597 393 — 1,082 Current Debt — — 72 — 72 Income Taxes (7 ) 100 28 — 121 Total Current Liabilities 85 1,060 841 — 1,986 Deferred Income Taxes 1 (44 ) 269 — 226 Long-term Debt 5,661 606 79 (607 ) 5,739 Other Long-term Liabilities 59 852 107 (14 ) 1,004 Total Equity (Deficit) (924 ) 23,408 3,190 (26,539 ) (865 ) Total Liabilities and Equity (Deficit) $ 4,882 $ 25,882 $ 4,486 $ (27,160 ) $ 8,090 L BRANDS, INC. CONDENSED CONSOLIDATING BALANCE SHEET (in millions) (Unaudited) May 5, 2018 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. ASSETS Current Assets: Cash and Cash Equivalents $ — $ 677 $ 355 $ — $ 1,032 Accounts Receivable, Net — 152 122 — 274 Inventories — 1,199 151 — 1,350 Other 1 136 97 — 234 Total Current Assets 1 2,164 725 — 2,890 Property and Equipment, Net — 1,970 924 — 2,894 Goodwill — 1,318 30 — 1,348 Trade Names — 411 — — 411 Net Investments in and Advances to/from Consolidated Affiliates 4,751 18,908 2,025 (25,684 ) — Deferred Income Taxes — 9 13 — 22 Other Assets 129 16 651 (612 ) 184 Total Assets $ 4,881 $ 24,796 $ 4,368 $ (26,296 ) $ 7,749 LIABILITIES AND EQUITY (DEFICIT) Current Liabilities: Accounts Payable $ 5 $ 350 $ 362 $ — $ 717 Accrued Expenses and Other 59 461 328 — 848 Current Debt — — 89 — 89 Income Taxes 6 176 22 — 204 Total Current Liabilities 70 987 801 — 1,858 Deferred Income Taxes (2 ) (41 ) 277 — 234 Long-term Debt 5,707 597 12 (597 ) 5,719 Other Long-term Liabilities 62 762 98 (15 ) 907 Total Equity (Deficit) (956 ) 22,491 3,180 (25,684 ) (969 ) Total Liabilities and Equity (Deficit) $ 4,881 $ 24,796 $ 4,368 $ (26,296 ) $ 7,749 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF INCOME (in millions) (Unaudited) First Quarter 2019 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Sales $ — $ 2,488 $ 754 $ (613 ) $ 2,629 Costs of Goods Sold, Buying and Occupancy — (1,649 ) (587 ) 541 (1,695 ) Gross Profit — 839 167 (72 ) 934 General, Administrative and Store Operating Expenses (5 ) (737 ) (89 ) 50 (781 ) Operating Income (Loss) (5 ) 102 78 (22 ) 153 Interest Expense (97 ) (23 ) (1 ) 22 (99 ) Other Income (Loss) — 6 — — 6 Income (Loss) Before Income Taxes (102 ) 85 77 — 60 Provision for Income Taxes — 8 12 — 20 Equity in Earnings (Loss), Net of Tax 142 66 4 (212 ) — Net Income (Loss) $ 40 $ 143 $ 69 $ (212 ) $ 40 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (in millions) (Unaudited) First Quarter 2019 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Income (Loss) $ 40 $ 143 $ 69 $ (212 ) $ 40 Other Comprehensive Income (Loss), Net of Tax: Foreign Currency Translation — — (4 ) — (4 ) Unrealized Gain (Loss) on Cash Flow Hedges — — 2 — 2 Reclassification of Cash Flow Hedges to Earnings — — (2 ) — (2 ) Total Other Comprehensive Income (Loss), Net of Tax — — (4 ) — (4 ) Total Comprehensive Income (Loss) $ 40 $ 143 $ 65 $ (212 ) $ 36 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF INCOME (in millions) (Unaudited) First Quarter 2018 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Sales $ — $ 2,466 $ 839 $ (679 ) $ 2,626 Costs of Goods Sold, Buying and Occupancy — (1,622 ) (669 ) 609 (1,682 ) Gross Profit — 844 170 (70 ) 944 General, Administrative and Store Operating Expenses (4 ) (726 ) (109 ) 50 (789 ) Operating Income (Loss) (4 ) 118 61 (20 ) 155 Interest Expense (97 ) (20 ) (3 ) 22 (98 ) Other Income — 4 (2 ) — 2 Income (Loss) Before Income Taxes (101 ) 102 56 2 59 Provision for Income Taxes (2 ) 13 — — 11 Equity in Earnings (Loss), Net of Tax 147 215 152 (514 ) — Net Income (Loss) $ 48 $ 304 $ 208 $ (512 ) $ 48 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (in millions) (Unaudited) First Quarter 2018 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Income (Loss) $ 48 $ 304 $ 208 $ (512 ) $ 48 Other Comprehensive Income (Loss), Net of Tax: Foreign Currency Translation — — (13 ) — (13 ) Unrealized Gain (Loss) on Cash Flow Hedges — — 6 — 6 Reclassification of Cash Flow Hedges to Earnings — — 2 — 2 Total Other Comprehensive Income (Loss), Net of Tax — — (5 ) — (5 ) Total Comprehensive Income (Loss) $ 48 $ 304 $ 203 $ (512 ) $ 43 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (in millions) (Unaudited) First Quarter 2019 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Cash Provided by (Used for) Operating Activities $ (132 ) $ (332 ) $ 391 $ — $ (73 ) Investing Activities: Capital Expenditures — (75 ) (48 ) — (123 ) Proceeds from Divestiture of La Senza — 12 — — 12 Proceeds from Sales of Marketable Equity Securities — — 3 — 3 Return of Capital from Easton Investments — — 2 — 2 Net Investments in Consolidated Affiliates — — — — — Net Cash Provided by (Used for) Investing Activities — (63 ) (43 ) — (106 ) Financing Activities: Borrowings from Foreign Facilities — — 21 — 21 Repayments of Foreign Facilities — — (14 ) — (14 ) Dividends Paid (83 ) — — — (83 ) Tax Payments related to Share-based Awards (9 ) — — — (9 ) Proceeds from Exercise of Stock Options 1 — — — 1 Financing Costs and Other — (2 ) — — (2 ) Net Financing Activities and Advances to/from Consolidated Affiliates 223 131 (354 ) — — Net Cash Provided by (Used for) Financing Activities 132 129 (347 ) — (86 ) Effects of Exchange Rate Changes on Cash and Cash Equivalents — — (2 ) — (2 ) Net Decrease in Cash and Cash Equivalents — (266 ) (1 ) — (267 ) Cash and Cash Equivalents, Beginning of Period — 997 416 — 1,413 Cash and Cash Equivalents, End of Period $ — $ 731 $ 415 $ — $ 1,146 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (in millions) (Unaudited) First Quarter 2018 L Brands, Inc. Guarantor Subsidiaries Non- guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Cash Provided by (Used for) Operating Activities $ (141 ) $ 65 $ (3 ) $ — $ (79 ) Investing Activities: Capital Expenditures — (91 ) (69 ) — (160 ) Return of Capital from Easton Investments — — 1 — 1 Net Investments in Consolidated Affiliates — — (11 ) 11 — Net Cash Provided by (Used for) Investing Activities — (91 ) (79 ) 11 (159 ) Financing Activities: Borrowings from Foreign Facilities — — 21 — 21 Repayments of Foreign Facilities — — (8 ) — (8 ) Dividends Paid (168 ) — — — (168 ) Repurchases of Common Stock (81 ) — — — (81 ) Tax Payments related to Share-based Awards (8 ) — — — (8 ) Proceeds from Exercise of Stock Options 1 — — — 1 Net Financing Activities and Advances to/from Consolidated Affiliates 397 (461 ) 75 (11 ) — Net Cash Provided by (Used for) Financing Activities 141 (461 ) 88 (11 ) (243 ) Effects of Exchange Rate Changes on Cash and Cash Equivalents — — (2 ) — (2 ) Net Increase (Decrease) in Cash and Cash Equivalents — (487 ) 4 — (483 ) Cash and Cash Equivalents, Beginning of Period — 1,164 351 — 1,515 Cash and Cash Equivalents, End of Period $ — $ 677 $ 355 $ — $ 1,032 |