VSCO: the balance sheet

MyFinsight

Balance Sheets	2026-05-02	2025-11-01	2025-08-02	2025-05-03
Cash and cash equivalents	207	249	188	138
Accounts receivable, net	185	190	166	153
Inventories	1,098	1,377	1,058	1,043
Other	136	129	127	121
Total current assets	1,626	1,945	1,539	1,455
Property and equipment, net	736	766	777	763
Operating lease assets	1,650	1,595	1,612	1,534
Goodwill	367	367	367	367
Trade names	246	277	278	279
Other intangible assets, net	0	80	85	90
Deferred income taxes	54	22	22	23
Other assets	91	82	75	69
Total assets	4,770	5,134	4,755	4,580

Accounts payable	412	546	480	423
Accrued expenses and other	573	646	600	543
Current debt	4	4	4	4
Current operating lease liabilities	264	284	258	260
Income taxes	33	11	3	26
Total current liabilities	1,286	1,491	1,345	1,256
Deferred income taxes	5	13	14	16
Long-term debt	986	1,347	1,048	1,078
Long-term operating lease liabilities	1,597	1,551	1,564	1,482
Other long-term liabilities	51	43	74	75
Total liabilities	3,925	4,445	4,045	3,907
Common stock 0.01 par value 1,000 shares authorized 79, 80, and 80 shares issued and outstanding, respectively	1	1	1	1
Paid-in capital	322	330	320	302
Accumulated other comprehensive income	6	2	2	1
Retained earnings	461	320	357	341
Total victorias secret & co. shareholders equity	790	653	680	645
Noncontrolling interest	55	36	30	28
Total equity	845	689	710	673
Total liabilities and equity	4,770	5,134	4,755	4,580

Unit: Million (M) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.