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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions
Aug. 27, 2011
Feb. 26, 2011
Aug. 28, 2010
CURRENT ASSETS      
Cash and cash equivalents $ 2,040 $ 1,103 $ 843
Short-term investments 80 22 2
Receivables 1,945 2,348 1,720
Merchandise inventories 6,403 5,897 6,346
Other current assets 1,033 1,103 1,048
Total current assets 11,501 10,473 9,959
PROPERTY AND EQUIPMENT, NET 3,761 3,823 3,915
GOODWILL 2,486 2,454 2,365
TRADENAMES, NET 134 133 147
CUSTOMER RELATIONSHIPS, NET 179 203 227
EQUITY AND OTHER INVESTMENTS 284 328 293
OTHER ASSETS 484 435 456
TOTAL ASSETS 18,829 17,849 17,362
CURRENT LIABILITIES      
Accounts payable 5,830 4,894 5,573
Unredeemed gift card liabilities 410 474 400
Accrued compensation and related expenses 489 570 467
Accrued liabilities 1,580 1,471 1,589
Accrued income taxes 2 256 27
Short-term debt 392 557 383
Current portion of long-term debt 444 [1] 441 [1] 32 [1]
Total current liabilities 9,147 8,663 8,471
LONG-TERM LIABILITIES 1,176 1,183 1,181
LONG-TERM DEBT 1,696 711 1,088
Best Buy Co., Inc. Shareholders’ Equity      
Preferred stock, $1.00 par value: Authorized - 400,000 shares; Issued and outstanding - none 0 0 0
Common stock, $0.10 par value: Authorized - 1.0 billion shares; Issued and outstanding - 365,556,000, 392,590,000 and 402,961,000 shares, respectively 37 39 40
Additional paid-in capital 0 18 0
Retained earnings 5,839 6,372 6,000
Accumulated other comprehensive income (loss) 211 173 (25)
Total Best Buy Co., Inc. shareholders' equity 6,087 6,602 6,015
Noncontrolling interests 723 690 607
Total equity 6,810 7,292 6,622
TOTAL LIABILITIES AND EQUITY $ 18,829 $ 17,849 $ 17,362
[1] Since holders of our convertible debentures may require us to purchase all or a portion of the debentures on January 15, 2012, we classified the $402 for such debentures in the current portion of long-term debt at August 27, 2011, and February 26, 2011.