v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Aug. 01, 2026
Jan. 31, 2026
Aug. 02, 2025
Current Assets:      
Cash and Cash Equivalents $ 522 $ 518 $ 188
Accounts Receivable, Net 171 186 166
Inventories 1,146 1,071 1,058
Other 123 108 127
Total Current Assets 1,962 1,883 1,539
Property and Equipment, Net 760 731 777
Operating Lease Assets 1,685 1,631 1,612
Goodwill 367 367 367
Trade Names 246 246 278
Other Intangible Assets, Net 0 0 85
Deferred Income Taxes 53 65 22
Other Assets 82 90 75
Total Assets 5,155 5,013 4,755
Current Liabilities:      
Accounts Payable 489 493 480
Accrued Expenses and Other 614 673 600
Current Debt 4 4 4
Current Operating Lease Liabilities 282 295 258
Income Taxes 54 42 3
Total Current Liabilities 1,443 1,507 1,345
Deferred Income Taxes 5 5 14
Long-term Debt 971 971 1,048
Long-term Operating Lease Liabilities 1,642 1,576 1,564
Other Long-term Liabilities 43 44 74
Total Liabilities 4,104 4,103 4,045
Shareholders’ Equity:      
Preferred Stock — $0.01 par value; 10 shares authorized; 0 shares issued and outstanding 0 0 0
Common Stock — $0.01 par value; 1,000 shares authorized; 80, 80, and 80 shares issued and outstanding, respectively 1 1 1
Paid-in Capital 341 345 320
Accumulated Other Comprehensive Income 4 6 2
Retained Earnings 644 504 357
Total Victoria’s Secret & Co. Shareholders’ Equity 990 856 680
Noncontrolling Interest 61 54 30
Total Equity 1,051 910 710
Total Liabilities and Equity $ 5,155 $ 5,013 $ 4,755