Adore Me Acquisition (Tables)

12 Months Ended

Jan. 28, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, Preliminary Purchase Price Allocation

The following is a preliminary purchase price allocation of assets acquired and liabilities assumed related to the Adore Me acquisition:

	(in millions)
Accounts Receivable	$	1
Inventories	105
Other Current Assets	7
Property and Equipment, Net	12
Operating Lease Assets	5
Goodwill	365
Trade Name	43
Other Intangible Assets	137
Other Assets	1
Accounts Payable	17
Accrued Expenses and Other	88
Current Operating Lease Liabilities	2
Deferred Income Tax Liabilities	21
Long-term Operating Lease Liabilities	3
Other Long-term Liabilities	8
Net Assets Acquired and Liabilities Assumed	$	537

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

The following table represents the definite-lived intangible assets acquired, the preliminary fair values and respective useful lives:

	Useful Life	Preliminary Fair Value
		(in millions)
Customer Relationships	7 years	$	81
Developed Technology	6 years	56
Trade Name	10 years	43
Total Definite-Lived Intangible Assets		$	180

Business Acquisition, Pro Forma Information

The following pro forma results include adjustments to reflect acquisition-related costs, amortization of intangibles associated with the acquisition and the effects of adjustments made to the carrying value of inventories.

	2022		2021
	(in millions)
Net Sales	$	6,595	$	6,996
Net Income Attributable to Victoria's Secret & Co.	330		544