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Supplementary Financial Information
12 Months Ended
Mar. 03, 2012
Quarterly Financial Information Disclosure [Abstract]  
Supplementary Financial Information (Unaudited)
Supplementary Financial Information (Unaudited)

The following tables show selected operating results for each quarter and full year of fiscal 2012 and 2011 (unaudited):
 
Quarter
 
Fiscal
Year

 
1st

 
2nd

 
3rd

 
4th

 
Fiscal 2012
 
 
 
 
 
 
 
 
 
Revenue
$
10,812

 
$
11,259

 
$
12,004

 
$
16,630

 
$
50,705

Comparable store sales % change(1)
(1.8
)%
 
(2.9
)%
 
0.3
%
 
(2.4
)%
 
(1.7
)%
Gross profit
$
2,746

 
$
2,848

 
$
2,922

 
$
4,057

 
$
12,573

Operating income(2)
330

 
335

 
351

 
69

 
1,085

Net earnings (loss) from continuing operations
199

 
197

 
258

 
(324
)
 
330

Loss from discontinued operations, net of tax
(36
)
 
(37
)
 
(127
)
 
(108
)
 
(308
)
Net earnings (loss) including noncontrolling interests
163

 
160

 
131

 
(432
)
 
22

Net earnings (loss) attributable to Best Buy Co., Inc.(3)
136

 
177

 
154

 
(1,698
)
 
(1,231
)
Diluted earnings (loss) per share(4)
 
 
 
 
 
 
 
 
 
Continuing operations
0.41

 
0.52

 
0.62

 
(4.73
)
 
(2.89
)
Discontinued operations
(0.06
)
 
(0.05
)
 
(0.20
)
 
(0.16
)
 
(0.47
)
Diluted earnings (loss) per share
0.35

 
0.47

 
0.42

 
(4.89
)
 
(3.36
)

 
Quarter
 
Fiscal
Year

 
1st

 
2nd

 
3rd

 
4th

 
Fiscal 2011
 
 
 
 
 
 
 
 
 
Revenue
$
10,674

 
$
11,216

 
$
11,774

 
$
16,083

 
$
49,747

Comparable store sales % change(1)
2.9
%
 
(0.1
)%
 
(3.4
)%
 
(4.7
)%
 
(1.8
)%
Gross profit
$
2,762

 
$
2,888

 
$
2,962

 
$
3,929

 
$
12,541

Operating income(5)
348

 
456

 
433

 
1,137

 
2,374

Net earnings from continuing operations
208

 
274

 
280

 
792

 
1,554

Loss from discontinued operations, net of tax
(27
)
 
(17
)
 
(40
)
 
(104
)
 
(188
)
Net earnings including noncontrolling interests
181

 
257

 
240

 
688

 
1,366

Net earnings attributable to Best Buy Co., Inc.
155

 
254

 
217

 
651

 
1,277

Diluted earnings (loss) per share(4)
 
 
 
 
 
 
 
 
 
Continuing operations
0.41

 
0.62

 
0.61

 
1.84

 
3.44

Discontinued operations
(0.05
)
 
(0.02
)
 
(0.07
)
 
(0.22
)
 
(0.36
)
Diluted earnings per share
0.36

 
0.60

 
0.54

 
1.62

 
3.08

Note: Certain fiscal year totals may not add due to rounding.
(1)
Comprised of revenue from stores operating for at least 14 full months as well as revenue related to call centers, Web sites and our other comparable sales channels. Revenue we earn from sales of merchandise to wholesalers or dealers is not included within our comparable store sales calculation. Relocated, remodeled and expanded stores are excluded from our comparable store sales calculation until at least 14 full months after reopening. Acquired stores are included in our comparable store sales calculation beginning with the first full quarter following the first anniversary of the date of the acquisition. The portion of our calculation of the comparable store sales percentage change attributable to our International segment excludes the effect of fluctuations in foreign currency exchange rates. The method of calculating comparable store sales varies across the retail industry. As a result, our method of calculating comparable store sales may not be the same as other retailers' methods. The calculation of comparable store sales excludes the impact of the extra week of revenue in the fourth quarter of fiscal 2012, as well as revenue from discontinued operations for all periods presented.
(2)
Includes $1, $22 and $35 of restructuring charges recorded in the fiscal second, third and fourth quarters, respectively, related to measures we took to restructure our businesses, as well as a $1,207 goodwill impairment charge recorded in the fourth quarter related to our Best Buy Europe reporting unit.
(3)
Includes a $1,303 payment related to the Mobile buy-out recorded in the fourth quarter of fiscal 2012.
(4)
The sum of our quarterly diluted earnings per share does not equal our annual diluted earnings per share due to the impact of the timing of the repurchases of common stock and stock option exercises on quarterly and annual weighted-average shares outstanding.
(5)
Includes $147 of restructuring charges recorded in the fiscal fourth quarter related to measures we took to restructure our businesses.