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L Brands, Inc. – ‘10-Q’ for 5/5/18 – ‘R21’

On:  Thursday, 6/7/18, at 4:34pm ET   ·   For:  5/5/18   ·   Accession #:  701985-18-33   ·   File #:  1-08344

Previous ‘10-Q’:  ‘10-Q’ on 12/1/17 for 10/28/17   ·   Next:  ‘10-Q’ on 9/7/18 for 8/4/18   ·   Latest:  ‘10-Q’ on 12/1/23 for 10/28/23   ·   2 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 6/07/18  L Brands, Inc.                    10-Q        5/05/18   77:11M

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    715K 
12: 10-Q        Complete Submission PDF File -- ltd20185510q         PDF   1.35M 
 2: EX-15       Letter Re: Incorporation of Report of Registered    HTML     23K 
                Public Accounting Firm                                           
 3: EX-31.1     Section 302 Certification of CEO                    HTML     29K 
 4: EX-31.2     Section 302 Certification of CFO                    HTML     29K 
 5: EX-32       Section 906 Certification of CEO and CFO            HTML     25K 
13: R1          Document and Entity Information Document            HTML     43K 
14: R2          Consolidated Statements Of Income                   HTML     58K 
15: R3          Consolidated Statements Of Comprehensive Income     HTML     40K 
16: R4          Consolidated Balance Sheets                         HTML    106K 
17: R5          Consolidated Balance Sheets (Parenthetical)         HTML     39K 
18: R6          Consolidated Statements Of Cash Flows               HTML     96K 
19: R7          Description Of Business And Basis Of Presentation   HTML     38K 
20: R8          New Accounting Pronouncement (Notes)                HTML     33K 
21: R9          Revenue Recognition (Notes)                         HTML     53K 
22: R10         Earnings Per Share And Shareholders' Equity         HTML     86K 
23: R11         Inventories                                         HTML     35K 
24: R12         Property And Equipment, Net                         HTML     36K 
25: R13         Equity Investments And Other                        HTML     27K 
26: R14         Income Taxes                                        HTML     30K 
27: R15         Long-term Debt                                      HTML     83K 
28: R16         Derivative Instruments                              HTML     55K 
29: R17         Fair Value Measurements                             HTML     94K 
30: R18         Comprehensive Income                                HTML     88K 
31: R19         Commitments And Contingencies                       HTML     29K 
32: R20         Retirement Benefits                                 HTML     28K 
33: R21         Segment Information                                 HTML     60K 
34: R22         Subsequent Event (Notes)                            HTML     26K 
35: R23         Supplemental Guarantor Financial Information        HTML    575K 
                Supplemental Guarantor Financial Information                     
                (Notes)                                                          
36: R24         Description Of Business And Basis Of Presentation   HTML     69K 
                (Policy)                                                         
37: R25         Revenue Recognition (Tables)                        HTML     42K 
38: R26         Earnings Per Share And Shareholders' Equity         HTML     83K 
                (Tables)                                                         
39: R27         Inventories (Tables)                                HTML     36K 
40: R28         Property And Equipment, Net (Tables)                HTML     35K 
41: R29         Long-term Debt (Tables)                             HTML     72K 
42: R30         Derivative Instruments (Tables)                     HTML     57K 
43: R31         Fair Value Measurements (Tables)                    HTML     88K 
44: R32         Comprehensive Income (Tables)                       HTML     89K 
45: R33         Segment Information (Tables)                        HTML     54K 
46: R34         Supplemental Guarantor Financial Information        HTML    573K 
                (Tables)                                                         
47: R35         New Accounting Pronouncement Revenue Recognition    HTML     35K 
                (Details)                                                        
48: R36         New Accounting Pronouncement Financial Instruments  HTML     27K 
                (Details)                                                        
49: R37         Revenue Recognition (Details)                       HTML     41K 
50: R38         Revenue Recognition Narrative (Details)             HTML     34K 
51: R39         Earnings Per Share And Shareholders' Equity         HTML     39K 
                (Shares Utilized for the Calculation of Basic and                
                Diluted Earnings per Share) (Details)                            
52: R40         Earnings Per Share And Shareholders' Equity         HTML     59K 
                (Schedule of Company's Repurchase Program)                       
                (Details)                                                        
53: R41         Earnings Per Share And Shareholders' Equity         HTML     26K 
                (Dividends) (Details)                                            
54: R42         Inventories (Details)                               HTML     31K 
55: R43         Property And Equipment, Net (Details)               HTML     34K 
56: R44         Equity Investments and Other (Details)              HTML     32K 
57: R45         Income Taxes (Narrative) (Details)                  HTML     30K 
58: R46         Long-term Debt (Schedule Of Long-term Debt          HTML     65K 
                Instruments) (Details)                                           
59: R47         Long-term Debt (Issuance And Repurchase Of Notes)   HTML     40K 
                (Narrative) (Details)                                            
60: R48         Long-term Debt (Revolving Facility And Letters Of   HTML     59K 
                Credit) (Narrative) (Details)                                    
61: R49         Derivative Instruments (Foreign Exchange Contracts  HTML     48K 
                - Cash Flow Hedging Disclosure) (Details)                        
62: R50         Derivative Instruments Fair Values Derivatives,     HTML     39K 
                Balance Sheet Location, by Derivative Contract                   
                Type (Details)                                                   
63: R51         Fair Value Measurements (Carrying Value And Fair    HTML     28K 
                Value Of Long-Term Debt, Disclosure) (Detail)                    
64: R52         Fair Value Measurements (Fair Value, Assets And     HTML     50K 
                Liabilities Measured On Recurring Basis) (Details)               
65: R53         Fair Value Measurements Fair Value Measurements     HTML     32K 
                (Securities Narrative) (Details)                                 
66: R54         Comprehensive Income (Components Of Accumulated     HTML     67K 
                Other Comprehensive Income (Loss)) (Details)                     
67: R55         Commitments And Contingencies (Details)             HTML     28K 
68: R56         Retirement Benefits (Narrative) (Details)           HTML     30K 
69: R57         Segment Information (Details)                       HTML     36K 
70: R58         Subsequent Event (Details)                          HTML     35K 
71: R59         Supplemental Guarantor Financial Information        HTML     26K 
                (Narrative) (Details)                                            
72: R60         Supplemental Guarantor Financial Information        HTML    128K 
                (Consolidated Balance Sheets) (Details)                          
73: R61         Supplemental Guarantor Financial Information        HTML     91K 
                (Consolidated Statements Of Income) (Details)                    
74: R62         Supplemental Guarantor Financial Information        HTML     97K 
                (Consolidated Statements Of Cash Flows) (Details)                
76: XML         IDEA XML File -- Filing Summary                      XML    138K 
75: EXCEL       IDEA Workbook of Financial Reports                  XLSX     79K 
 6: EX-101.INS  XBRL Instance -- lb-20180505                         XML   3.22M 
 8: EX-101.CAL  XBRL Calculations -- lb-20180505_cal                 XML    184K 
 9: EX-101.DEF  XBRL Definitions -- lb-20180505_def                  XML    963K 
10: EX-101.LAB  XBRL Labels -- lb-20180505_lab                       XML   1.43M 
11: EX-101.PRE  XBRL Presentations -- lb-20180505_pre                XML   1.08M 
 7: EX-101.SCH  XBRL Schema -- lb-20180505                           XSD    158K 
77: ZIP         XBRL Zipped Folder -- 0000701985-18-000033-xbrl      Zip    248K

‘R21’   —   Segment Information

This is an IDEA Financial Report.  [ Alternative Formats ]

 
v3.8.0.1
Segment Information
 3 Months Ended
Segment Reporting [Abstract]  
Segment Information
Segment Information
The Company has three reportable segments: Victoria’s Secret, Bath & Body Works and Victoria's Secret and Bath & Body Works International.
The Victoria’s Secret segment sells women’s intimate and other apparel, personal care and beauty products under the Victoria’s Secret and PINK brand names. Victoria’s Secret merchandise is sold online and through retail stores located in the U.S. and Canada.
The Bath & Body Works segment sells body care, home fragrance products, soaps and sanitizers under the Bath & Body Works, White Barn, C.O. Bigelow and other brand names. Bath & Body Works merchandise is sold online and at retail stores located in the U.S. and Canada.
The Victoria's Secret and Bath & Body Works International segment includes the Victoria's Secret and Bath & Body Works company-owned and partner-operated stores located outside of the U.S. and Canada, as well as the online business in Greater China on the Tmall domestic platform. This segment includes the following:
•
Victoria's Secret International, comprised of company-owned stores in the U.K., Ireland and Greater China, as well as stores operated by partners under franchise and license arrangements;
•
Victoria's Secret Beauty and Accessories, comprised of company-owned stores in Greater China, as well as stores operated by partners under franchise, license and wholesale arrangements, which feature Victoria's Secret branded beauty and accessories products in travel retail and other locations; and
•
Bath & Body Works International stores in travel retail and other locations operated by partners under franchise, license and wholesale arrangements.
Other consists of the following:
•
Mast Global, a merchandise sourcing and production function serving the Company and its international partners;
•
La Senza, which sells women's intimate apparel online and through company-owned stores located in Canada and the U.S., as well as stores operated by partners under franchise and license arrangements;
•
Henri Bendel, which sells handbags, jewelry and other accessory products online and through company-owned stores; and
•
Corporate functions including non-core real estate, equity investments and other governance functions such as treasury and tax.
The following table provides the Company’s segment information for the first quarter of 2018 and 2017:
 
Victoria’s
Secret
 
Bath &
Body Works
 
Victoria’s Secret
and
Bath & Body Works International
 
Other
 
Total
 
(in millions)
2018
 
 
 
 
 
 
 
 
 
First Quarter:
 
 
 
 
 
 
 
 
 
Net Sales
$
1,589

 
$
761

 
$
135

 
$
141

 
$
2,626

Operating Income (Loss)
83

 
124

 
(5
)
 
(47
)
 
155

2017
 
 
 
 
 
 
 
 
 
First Quarter:
 
 
 
 
 
 
 
 
 
Net Sales
$
1,533

 
$
678

 
$
104

 
$
122

 
$
2,437

Operating Income (Loss)
159

 
102

 
(1
)
 
(51
)
 
209


The Company's international net sales include sales from company-owned stores, royalty revenue from franchise and license arrangements, wholesale revenues and direct sales shipped internationally. Certain of these sales are subject to the impact of fluctuations in foreign currency. The Company’s international net sales across all segments totaled $359 million and $299 million for the first quarter of 2018 and 2017, respectively.

Dates Referenced Herein

This ‘10-Q’ Filing    Date    Other Filings
Filed on:6/7/18None on these Dates
For Period end:5/5/18
 List all Filings 

2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 7/16/21  Bath & Body Works, Inc.           424B3                  1:749K                                   Broadridge Fin’l So… Inc
 7/13/21  Bath & Body Works, Inc.           424B3                  1:741K                                   Broadridge Fin’l So… Inc
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Filing Submission 0000701985-18-000033   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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