XML 26 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Feb. 01, 2020
Nov. 02, 2019
Aug. 03, 2019
May 04, 2019
Feb. 02, 2019
Nov. 03, 2018
Aug. 04, 2018
May 05, 2018
Feb. 01, 2020
Feb. 02, 2019
Feb. 03, 2018
Net Sales $ 4,707 $ 2,677 $ 2,902 $ 2,629 $ 4,852 $ 2,775 $ 2,984 $ 2,626 $ 12,914 $ 13,237 $ 12,632
Costs of Goods Sold, Buying and Occupancy                 8,464 8,338 7,673
Gross Profit 1,794 741 983 934 1,968 928 1,059 944 4,450 4,899 4,959
General, Administrative and Store Operating Expenses                 3,472 3,563 3,231
Impairment of Goodwill                 (720) 0 0
Loss on Divestiture of La Senza                 0 (99) 0
Operating Income 82 (151) 175 153 800 54 228 155 258 1,237 [1] 1,728 [1]
Interest Expense                 378 385 406
Other Income (Loss)                 (61) 5 (10)
Income (Loss) Before Income Taxes (7) (277) 42 60 710 (41) 129 59 (181) 857 1,312
Provision for Income Taxes                 185 213 329
Net Income (Loss) $ (192) $ (252) $ 38 $ 40 $ 540 $ (43) $ 99 $ 48 $ (366) $ 644 $ 983
Net Income (Loss) Per Basic Share $ (0.70) $ (0.91) $ 0.14 $ 0.15 $ 1.96 $ (0.16) $ 0.36 $ 0.17 $ (1.33) $ 2.33 $ 3.46
Net Income (Loss) Per Diluted Share $ (0.70) $ (0.91) $ 0.14 $ 0.14 $ 1.94 $ (0.16) $ 0.36 $ 0.17 $ (1.33) $ 2.31 $ 3.42
[1]
(a)
Victoria's Secret includes goodwill and long-lived store asset impairment charges of $690 million and $51 million, respectively. Victoria's Secret and Bath & Body Works International includes long-lived store asset and goodwill impairment charges of $212 million and $30 million, respectively. For additional information see Note 7, “Property and Equipment, Net" and Note 9, "Goodwill and Trade Names."
(b)
Assets are allocated to the operating segments based on decision making authority relevant to the applicable assets.
(c)
The 2019 amounts reflect the Company's adoption of ASC 842, Leases, in the first quarter of 2019.
(d)
Victoria's Secret and Victoria's Secret and Bath & Body Works International includes long-lived store asset impairment charges of $70 million and $31 million, respectively, and Other includes a loss on the sale of La Senza of $99 million and Henri Bendel closures costs of $23 million. For additional information see Note 5, “Restructuring Activities" and Note 7, “Property and Equipment, Net."