Bath & Body Works, Inc. balance sheet

At the end of fiscal 2026, Bath & Body Works, Inc. had total assets of $5.07bn and shareholders' equity of −$1.28bn. It held $953m in cash against $3.89bn of debt: net debt of $2.94bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Bath & Body Works, Inc.: balance sheet, annual
Fiscal year	2010Jan 2010	2011Jan 2011	2012Jan 2012	2013Feb 2013	2014Feb 2014	2015Jan 2015	2016Jan 2016	2017Jan 2017	2018Feb 2018	2019Feb 2019	2020Feb 2020	2021Jan 2021	2022Jan 2022	2023Jan 2023	2024Feb 2024	2025Feb 2025	2026Jan 2026	LTMAug 2026
Cash and equivalents	1.8	1.1	0.9	0.8	1.7	1.7	2.5	1.9	1.5	1.4	1.5	3.6	2.0	1.2	1.1	0.7	1.0	0.8
Receivables	0.2	0.2	0.2	0.2	0.2	0.3	0.3	0.3	0.3	0.4	0.3	0.1	0.2	0.2	0.2	0.2	0.2	0.2
Inventory	1.0	1.0	1.0	1.0	1.2	1.0	1.1	1.1	1.2	1.2	1.3	0.6	0.7	0.7	0.7	0.7	0.7	0.9
Total current assets	3.3	2.6	2.4	2.2	3.2	3.2	4.2	3.5	3.3	3.3	3.2	5.6	3.0	2.3	2.1	1.8	2.0	2.1
Goodwill	1.4	1.5	1.3	1.3	1.3	1.3	1.3	1.3	1.3	1.3	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6
Total assets	7.2	6.5	6.1	6.0	7.1	7.5	8.5	8.2	8.1	8.1	10.1	11.6	6.0	5.5	5.5	4.9	5.1	5.2
Accounts payable	0.5	0.5	0.5	0.5	0.6	0.6	0.7	0.7	0.7	0.7	0.6	0.3	0.4	0.5	0.4	0.3	0.5	0.7
Deferred revenue (current)	—	—	—	—	—	—	—	—	—	—	0.3	0.1	0.1	0.2	0.2	0.2	0.2	—
Total current liabilities	1.3	1.5	1.5	1.5	1.8	1.7	1.9	2.0	2.0	2.0	2.4	2.8	1.3	1.4	1.3	1.2	1.6	1.7
Short-term debt	0.0	0.0	0.1	0.0	0.2	0.0	0.0	0.0	0.1	0.1	0.1	0.0	—	—	0.0	0.0	0.3	0.2
Long-term debt	2.7	2.5	3.5	4.5	4.8	4.7	5.7	5.7	5.7	5.7	5.5	6.4	4.9	4.9	4.4	3.9	3.6	3.4
Total debt	2.7	2.5	3.5	4.5	5.0	4.7	5.7	5.7	5.8	5.8	5.5	6.4	4.9	4.9	4.4	3.9	3.9	3.6
Shareholders' equity	2.2	1.5	0.1	−1.0	−0.4	0.0	−0.3	−0.7	−0.8	−0.9	−1.5	−0.7	−1.5	−2.2	−1.6	−1.4	−1.3	−1.1
Net debt (negative = net cash)	0.9	1.4	2.6	3.7	3.3	3.0	3.2	3.8	4.3	4.4	4.0	2.8	2.9	3.6	3.3	3.2	2.9	2.8
Shares outstanding	323m	321m	295m	289m	291m	292m	290m	286m	280m	275m	277m	278m	254m	229m	225m	216m	201m	202m

US$ millions unless shown otherwise. Fiscal quarters.

Bath & Body Works, Inc.: balance sheet, quarterly
Quarter	2025 Q3Nov 2024	2025 Q4Feb 2025	2026 Q1May 2025	2026 Q2Aug 2025	2026 Q3Nov 2025	2026 Q4Jan 2026	2027 Q1May 2026	2027 Q2Aug 2026
Receivables	200	205	103	131	169	180	98	154
Inventory	1,178	734	869	977	1,251	699	782	883
Total current assets	1,720	1,823	1,820	1,706	1,881	2,019	1,899	2,050
Goodwill	628	628	628	628	628	628	628	628
Total assets	4,984	4,872	4,881	4,814	4,989	5,069	4,963	5,156
Accounts payable	510	338	452	567	781	465	557	676
Deferred revenue (current)	—	197	—	—	—	223	—	—
Total current liabilities	1,575	1,231	1,294	1,303	1,553	1,591	1,377	1,707
Short-term debt	314	0	0	0	0	280	0	248
Long-term debt	3,883	3,884	3,886	3,888	3,890	3,612	3,613	3,366
Total debt	4,197	3,884	3,886	3,888	3,890	3,892	3,613	3,614
Shareholders' equity	−1,749	−1,385	−1,451	−1,548	−1,593	−1,281	−1,133	−1,056
Shares outstanding	217m	216m	212m	208m	205m	201m	201m	202m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Bath & Body Works, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Bath & Body Works, Inc.