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Consolidated Balance Sheets - USD ($)
$ in Millions
May 02, 2020
Feb. 01, 2020
May 04, 2019
Current Assets:      
Cash and Cash Equivalents $ 957 $ 1,499 $ 1,146
Accounts Receivable, Net 229 306 274
Inventories 1,491 1,287 1,357
Other 172 153 170
Total Current Assets 2,849 3,245 2,947
Property and Equipment, Net 2,299 2,486 2,794
Operating Lease Assets 2,947 3,053 3,271
Goodwill 628 628 1,348
Trade Names 411 411 411
Deferred Income Taxes 84 84 61
Other Assets 221 218 166
Total Assets 9,439 10,125 10,998
Current Liabilities:      
Accounts Payable 715 647 688
Accrued Expenses and Other 826 1,052 872
Current Debt 468 61 72
Current Operating Lease Liabilities 590 478 443
Income Taxes 84 134 122
Total Current Liabilities 2,683 2,372 2,197
Deferred Income Taxes 198 219 238
Long-term Debt 5,034 5,487 5,749
Long-term Operating Lease Liabilities 2,945 3,052 3,234
Other Long-term Liabilities 437 490 478
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; 286, 285 and 284 shares issued; 278, 277 and 276 shares outstanding, respectively 143 142 142
Paid-in Capital 865 847 786
Accumulated Other Comprehensive Income 51 52 55
Retained Earnings (Deficit) (2,562) (2,182) (1,527)
Less: Treasury Stock, at Average Cost; 8, 8 and 8 shares, respectively (358) (358) (358)
Total L Brands, Inc. Shareholders’ Equity (Deficit) (1,861) (1,499) (902)
Noncontrolling Interest 3 4 4
Total Equity (Accumulated Deficit) (1,858) (1,495) (898)
Total Liabilities and Equity (Deficit) $ 9,439 $ 10,125 $ 10,998