Schedule Of Supplemental Guarantor Financial Information [Text Block] | Supplemental Guarantor Financial Information The Company’s 2021 Notes, 2022 Notes, 2023 Notes, 2027 Notes, 2028 Notes, 2029 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 February 1, 2020 and February 2, 2019 , and the Condensed Consolidating Statements of Income (Loss), Comprehensive Income (Loss) and Cash Flows for the years ended February 1, 2020 , February 2, 2019 and February 3, 2018 . L BRANDS, INC. CONDENSED CONSOLIDATING BALANCE SHEET (in millions) February 1, 2020 L Brands, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. ASSETS Current Assets: Cash and Cash Equivalents $ — $ 1,231 $ 268 $ — $ 1,499 Accounts Receivable, Net — 183 123 — 306 Inventories — 1,138 149 — 1,287 Other — 85 68 — 153 Total Current Assets — 2,637 608 — 3,245 Property and Equipment, Net — 1,747 739 — 2,486 Operating Lease Assets — 2,545 508 — 3,053 Goodwill — 628 — — 628 Trade Names — 411 — — 411 Net Investments in and Advances to/from Consolidated Affiliates 3,862 20,231 2,937 (27,030 ) — Deferred Income Taxes — 8 76 — 84 Other Assets 130 9 690 (611 ) 218 Total Assets $ 3,992 $ 28,216 $ 5,558 $ (27,641 ) $ 10,125 LIABILITIES AND EQUITY (DEFICIT) Current Liabilities: Accounts Payable $ — $ 331 $ 316 $ — $ 647 Accrued Expenses and Other 93 593 366 — 1,052 Current Debt — — 61 — 61 Current Operating Lease Liabilities — 392 86 — 478 Income Taxes (11 ) 89 56 — 134 Total Current Liabilities 82 1,405 885 — 2,372 Deferred Income Taxes — (37 ) 256 — 219 Long-term Debt 5,395 597 92 (597 ) 5,487 Long-term Operating Lease Liabilities — 2,522 530 — 3,052 Other Long-term Liabilities 62 383 59 (14 ) 490 Total Equity (Deficit) (1,547 ) 23,346 3,736 (27,030 ) (1,495 ) Total Liabilities and Equity (Deficit) $ 3,992 $ 28,216 $ 5,558 $ (27,641 ) $ 10,125 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 STATEMENT OF INCOME (LOSS) (in millions) 2019 L Brands, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated L Brands, Inc. Net Sales $ — $ 12,317 $ 3,382 $ (2,785 ) $ 12,914 Costs of Goods Sold, Buying and Occupancy — (8,074 ) (2,810 ) 2,420 (8,464 ) Gross Profit — 4,243 572 (365 ) 4,450 General, Administrative and Store Operating Expenses (11 ) (3,380 ) (331 ) 250 (3,472 ) Impairment of Goodwill — (690 ) (30 ) — (720 ) Operating Income (Loss) (11 ) 173 211 (115 ) 258 Interest Expense (370 ) (116 ) (7 ) 115 (378 ) Other Income (Loss) (40 ) — (21 ) — (61 ) Income (Loss) Before Income Taxes (421 ) 57 183 — (181 ) Provision (Benefit) for Income Taxes 2 55 128 — 185 Equity in Earnings (Loss), Net of Tax 57 39 390 (486 ) — Net Income (Loss) $ (366 ) $ 41 $ 445 $ (486 ) $ (366 ) L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (in millions) 2019 L Brands, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Net Income (Loss) $ (366 ) $ 41 $ 445 $ (486 ) $ (366 ) Other Comprehensive Income (Loss), Net of Tax: Foreign Currency Translation — — (5 ) — (5 ) Unrealized Gain (Loss) on Cash Flow Hedges — — 2 — 2 Reclassification of Cash Flow Hedges to Earnings — — (4 ) — (4 ) Total Other Comprehensive Income (Loss), Net of Tax — — (7 ) — (7 ) Total Comprehensive Income (Loss) $ (366 ) $ 41 $ 438 $ (486 ) $ (373 ) L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF INCOME (in millions) 2018 L Brands, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Net Sales $ — $ 12,467 $ 3,780 $ (3,010 ) $ 13,237 Costs of Goods Sold, Buying and Occupancy — (8,015 ) (2,996 ) 2,673 (8,338 ) Gross Profit — 4,452 784 (337 ) 4,899 General, Administrative and Store Operating Expenses (9 ) (3,304 ) (482 ) 232 (3,563 ) Loss on Divestiture of La Senza — (24 ) (75 ) — (99 ) Operating Income (Loss) (9 ) 1,124 227 (105 ) 1,237 Interest Expense (379 ) (108 ) (6 ) 108 (385 ) Other Income (Loss) — 13 (8 ) — 5 Income (Loss) Before Income Taxes (388 ) 1,029 213 3 857 Provision (Benefit) for Income Taxes 12 100 101 — 213 Equity in Earnings, Net of Tax 1,044 169 353 (1,566 ) — Net Income (Loss) $ 644 $ 1,098 $ 465 $ (1,563 ) $ 644 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (in millions) 2018 L Brands, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Net Income (Loss) $ 644 $ 1,098 $ 465 $ (1,563 ) $ 644 Other Comprehensive Income (Loss), Net of Tax: Foreign Currency Translation — — (20 ) — (20 ) Reclassification of Foreign Currency Translation to Earnings — — 45 — 45 Unrealized Gain (Loss) on Cash Flow Hedges — — 10 — 10 Reclassification of Cash Flow Hedges to Earnings — — 2 — 2 Total Other Comprehensive Income (Loss), Net of Tax — — 37 — 37 Total Comprehensive Income (Loss) $ 644 $ 1,098 $ 502 $ (1,563 ) $ 681 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF INCOME (in millions) 2017 L Brands, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Net Sales $ — $ 11,931 $ 3,728 $ (3,027 ) $ 12,632 Costs of Goods Sold, Buying and Occupancy — (7,463 ) (2,868 ) 2,658 (7,673 ) Gross Profit — 4,468 860 (369 ) 4,959 General, Administrative and Store Operating Expenses (10 ) (3,063 ) (426 ) 268 (3,231 ) Operating Income (Loss) (10 ) 1,405 434 (101 ) 1,728 Interest Expense (403 ) (99 ) (13 ) 109 (406 ) Other Income (Loss) (46 ) 11 25 — (10 ) Income (Loss) Before Income Taxes (459 ) 1,317 446 8 1,312 Provision (Benefit) for Income Taxes 65 316 (52 ) — 329 Equity in Earnings, Net of Tax 1,507 522 412 (2,441 ) — Net Income (Loss) $ 983 $ 1,523 $ 910 $ (2,433 ) $ 983 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (in millions) 2017 L Brands, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Net Income (Loss) $ 983 $ 1,523 $ 910 $ (2,433 ) $ 983 Other Comprehensive Income (Loss), Net of Tax: Foreign Currency Translation — — 23 — 23 Unrealized Gain (Loss) on Cash Flow Hedges — — (20 ) — (20 ) Reclassification of Cash Flow Hedges to Earnings — — 7 — 7 Unrealized Gain on Marketable Securities — — 2 — 2 Total Other Comprehensive Income (Loss), Net of Tax — — 12 — 12 Total Comprehensive Income (Loss) $ 983 $ 1,523 $ 922 $ (2,433 ) $ 995 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (in millions) 2019 L Brands, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Net Cash Provided by (Used for) Operating Activities $ (427 ) $ 837 $ 826 $ — $ 1,236 Investing Activities: Capital Expenditures — (276 ) (182 ) — (458 ) Net Investments in Consolidated Affiliates — (13 ) — 13 — Other Investing Activities — 12 (34 ) — (22 ) Net Cash Provided by (Used for) Investing Activities — (277 ) (216 ) 13 (480 ) Financing Activities: Proceeds from Issuance of Long-term Debt, Net of Issuance Costs 486 — — — 486 Payments of Long-term Debt (799 ) — — — (799 ) Borrowings from Secured Revolving Facility 12 — — — 12 Repayments of Secured Revolving Facility (12 ) — — — (12 ) Borrowings from Foreign Facilities — — 167 — 167 Repayments of Foreign Facilities — — (162 ) — (162 ) Dividends Paid (332 ) — — — (332 ) Tax Payments related to Share-based Awards (13 ) — — — (13 ) Net Financing Activities and Advances to/from Consolidated Affiliates 1,090 (318 ) (759 ) (13 ) — Proceeds from Exercise of Stock Options 1 — — — 1 Financing Costs and Other (6 ) (8 ) — — (14 ) Net Cash Provided by (Used for) Financing Activities 427 (326 ) (754 ) (13 ) (666 ) Effects of Exchange Rate Changes on Cash — — (4 ) — (4 ) Net Increase (Decrease) in Cash and Cash Equivalents — 234 (148 ) — 86 Cash and Cash Equivalents, Beginning of Year — 997 416 — 1,413 Cash and Cash Equivalents, End of Year $ — $ 1,231 $ 268 $ — $ 1,499 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (in millions) 2018 L Brands, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Net Cash Provided by (Used for) Operating Activities $ (424 ) $ 1,541 $ 260 $ — $ 1,377 Investing Activities: Capital Expenditures — (398 ) (231 ) — (629 ) Net Investments in Consolidated Affiliates — — (21 ) 21 — Other Investing Activities — 4 16 — 20 Net Cash Provided by (Used for) Investing Activities — (394 ) (236 ) 21 (609 ) Financing Activities: Payments of Long-term Debt (52 ) — — — (52 ) Borrowings from Secured Revolving Facility 92 — — — 92 Repayments of Secured Revolving Facility (92 ) — — — (92 ) Borrowings from Foreign Facilities — — 172 — 172 Repayments of Foreign Facilities — — (109 ) — (109 ) Dividends Paid (666 ) — — — (666 ) Repurchases of Common Stock (198 ) — — — (198 ) Tax Payments related to Share-based Awards (13 ) — — — (13 ) Net Financing Activities and Advances to/from Consolidated Affiliates 1,355 (1,310 ) (24 ) (21 ) — Proceeds from Exercise of Stock Options 1 — — — 1 Financing Costs and Other (3 ) (4 ) — — (7 ) Net Cash Provided by (Used for) Financing Activities 424 (1,314 ) 39 (21 ) (872 ) Effects of Exchange Rate Changes on Cash — — 2 — 2 Net Increase (Decrease) in Cash and Cash Equivalents — (167 ) 65 — (102 ) Cash and Cash Equivalents, Beginning of Year — 1,164 351 — 1,515 Cash and Cash Equivalents, End of Year $ — $ 997 $ 416 $ — $ 1,413 L BRANDS, INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (in millions) 2017 L Brands, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Net Cash Provided by (Used for) Operating Activities $ (401 ) $ 1,353 $ 454 $ — $ 1,406 Investing Activities: Capital Expenditures — (495 ) (212 ) — (707 ) Other Investing Activities — (1 ) 10 — 9 Net Cash Provided by (Used for) Investing Activities — (496 ) (202 ) — (698 ) Financing Activities: Proceeds from Issuance of Long-term Debt, Net of Issuance Costs 495 — — — 495 Payments of Long-term Debt (540 ) — — — (540 ) Borrowings from Foreign Facilities — — 96 — 96 Repayments of Foreign Facilities — — (44 ) — (44 ) Dividends Paid (686 ) — — — (686 ) Repurchases of Common Stock (446 ) — — — (446 ) Tax Payments related to Share-based Awards (32 ) — — — (32 ) Net Financing Activities and Advances to/from Consolidated Affiliates 1,577 (1,252 ) (325 ) — — Proceeds from Exercise of Stock Options 38 — — — 38 Financing Costs and Other (5 ) (3 ) — — (8 ) Net Cash Provided by (Used for) Financing Activities 401 (1,255 ) (273 ) — (1,127 ) Effects of Exchange Rate Changes on Cash — — — — — Net Increase (Decrease) in Cash and Cash Equivalents — (398 ) (21 ) — (419 ) Cash and Cash Equivalents, Beginning of Year — 1,562 372 — 1,934 Cash and Cash Equivalents, End of Year $ — $ 1,164 $ 351 $ — $ 1,515 |