Segment Information
 9 Months Ended
Oct. 29, 2016
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 and personal care and beauty products under the Victoria’s Secret and PINK brand names. Victoria’s Secret merchandise is sold through retail stores located in the U.S. and Canada and its website, www.VictoriasSecret.com.
The Bath & Body Works segment sells personal care, soaps, sanitizers and home fragrance products under the Bath & Body Works, White Barn, C.O. Bigelow and other brand names. Bath & Body Works merchandise is sold at retail stores located in the U.S. and Canada and through its website, www.BathandBodyWorks.com.
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. These businesses include the following:
•
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;
•
Victoria's Secret International, comprised of company-owned stores in the U.K., as well as stores operated by partners under franchise, license and wholesale arrangements; and
•
Bath & Body Works International stores 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, comprised of company-owned stores in the U.S. and Canada, as well as stores operated by partners under franchise, license and wholesale arrangements, which feature women's intimate apparel;
•
Henri Bendel, operator of 29 specialty stores which feature handbags, jewelry and other accessory products; 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 third quarter and year-to-date 2016 and 2015:
 
Victoria’s
Secret
 
Bath &
Body Works
 
Victoria’s Secret
and
Bath & Body Works International
 
Other
 
Total
 
(in millions)
2016
 
 
 
 
 
 
 
 
 
Third Quarter:
 
 
 
 
 
 
 
 
 
Net Sales
$
1,584

 
$
770

 
$
104

 
$
123

 
$
2,581

Operating Income (Loss)
164

 
145

 
9

 
(34
)
 
284

Year-to-Date:
 
 
 
 
 
 
 
 
 
Net Sales
$
5,192

 
$
2,232

 
$
299

 
$
362

 
$
8,085

Operating Income (Loss)
679

 
405

 
30

 
(99
)
 
1,015

2015
 
 
 
 
 
 
 
 
 
Third Quarter:
 
 
 
 
 
 
 
 
 
Net Sales
$
1,567

 
$
705

 
$
93

 
$
117

 
$
2,482

Operating Income (Loss)
211

 
136

 
18

 
(26
)
 
339

Year-to-Date:
 
 
 
 
 
 
 
 
 
Net Sales
$
5,058

 
$
2,067

 
$
273

 
$
361

 
$
7,759

Operating Income (Loss)
797

 
371

 
60

 
(114
)
 
1,114


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 $330 million and $295 million for the third quarter of 2016 and 2015, respectively. The Company’s international net sales across all segments totaled $958 million and $901 million for year-to-date 2016 and 2015, respectively.