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Shareholders' Equity (Tables)
 11 Months Ended
Feb. 02, 2013
Shareholders' Equity Disclosure [Abstract]  
Stock-based compensation expense
Stock-based compensation expense was as follows in fiscal 2013 (11-month), 2012 and 2011 ($ in millions):
 
11-Month
 
12-Month
 
2013
 
2012
 
2011
 
 
 
 
 
 
Stock options
$
43

 
$
76

 
$
90

Share awards
 
 
 
 
 
Market-based
2

 
—

 
4

Performance-based
—

 
—

 
(1
)
Time-based
62

 
33

 
16

Employee stock purchase plans
5

 
11

 
12

Total
$
112

 
$
120

 
$
121
Stock option activity
Stock option activity was as follows in fiscal 2013 (11-month):
 
Stock
Options
 
Weighted-
Average
Exercise Price
per Share
 
Weighted-Average
Remaining
Contractual
Term (in years)
 
Aggregate
Intrinsic Value (in millions)
Outstanding at March 3, 2012
35,801,000

 
$
38.08

 
 
 
 

Granted
2,864,000

 
17.30

 
 
 
 

Exercised
(82,000
)
 
18.69

 
 
 
 

Forfeited/Canceled
(8,600,000
)
 
35.36

 
 
 
 

Outstanding at February 2, 2013
29,983,000

 
$
36.93

 
5.8
 
$
2

Vested or expected to vest at February 2, 2013
29,247,000

 
$
37.29

 
5.7
 
$
2

Exercisable at February 2, 2013
22,629,000

 
$
39.98

 
4.9
 
$
—
Assumption used to estimate the fair value of stock option on the date of grant using a lattice model
In fiscal 2013 (11-month), 2012 and 2011, we estimated the fair value of each stock option on the date of grant using a lattice or Black Scholes (for certain individuals) valuation model with the following assumptions:
 
 
11-Month
 
12-Month
Valuation Assumptions(1)
 
2013
 
2012
 
2011
 
 
 
 
 
 
 
Risk-free interest rate(2)
 
0.1% – 2.0%

 
0.1% – 3.6%

 
0.2% – 3.9%

Expected dividend yield
 
2.2
%
 
2.3
%
 
1.5
%
Expected stock price volatility(3)
 
44
%
 
37
%
 
36
%
Expected life of stock options (in years)(4)
 
5.9

 
6.2

 
6.1

(1)
Forfeitures are estimated using historical experience and projected employee turnover.
(2)
Based on the U.S. Treasury constant maturity interest rate whose term is consistent with the expected life of our stock options.
(3)
We use an outside valuation advisor to assist us in projecting expected stock price volatility. We consider both the historical volatility of our stock price as well as implied volatilities from exchange-traded options on our stock.
(4)
We estimate the expected life of stock options based upon historical experience.
Summary of the status of nonvested market-based share awards
A summary of the status of our nonvested market-based share awards at February 2, 2013, and changes during fiscal 2013 (11-month), is as follows:
Market-Based Share Awards
 
Shares
 
Weighted-Average Fair Value per Share
Outstanding at March 3, 2012
 
—

 
$
—

Granted
 
879,000

 
16.92

Vested
 
—

 
—

Forfeited/Canceled
 
(74,000
)
 
18.63

Outstanding at February 2, 2013
 
805,000

 
$
16.76
Summary of the status of nonvested performance-based share awards
A summary of the status of our nonvested performance-based share awards at February 2, 2013, and changes during fiscal 2013 (11-month), is as follows:
Performance-Based Share Awards
 
Shares
 
Weighted-Average Fair Value per Share
Outstanding at March 3, 2012
 
912,000

 
$
41.20

Granted
 
—

 
—

Vested
 
(2,000
)
 
44.20

Canceled
 
(908,000
)
 
41.19

Outstanding at February 2, 2013
 
2,000

 
$
44.20
Summary of the status of nonvested time-based share awards
A summary of the status of our nonvested time-based share awards at February 2, 2013, and changes during fiscal 2013 (11-month), is as follows:
Time-Based Share Awards
 
Shares
 
Weighted-Average Fair Value per Share
Outstanding at March 3, 2012
 
3,924,000

 
$
29.62

Granted
 
6,759,000

 
17.67

Vested
 
(1,890,000
)
 
24.97

Forfeited/Canceled
 
(1,042,000
)
 
24.30

Outstanding at February 2, 2013
 
7,751,000

 
$
21.05
Assumptions used to estimate the fair value of stock-based compensation expense associated with employee stock purchase plans on the purchase date using the Black-Scholes option-pricing valuation model
In fiscal 2013 (11-month), 2012 and 2011, we estimated the fair value of stock-based compensation expense associated with our employee stock purchase plans on the purchase date using the Black-Scholes option-pricing valuation model, with the following assumptions:
 
 
11-Month
 
12-Month
Valuation Assumptions
 
2013
 
2012
 
2011
 
 
 
 
 
 
 
Risk-free interest rate(1)
 
0.1
%
 
0.1
%
 
0.2
%
Expected dividend yield
 
2.9
%
 
2.4
%
 
1.4
%
Expected stock price volatility(2)
 
41
%
 
38
%
 
29
%
Expected life of employee stock purchase plan options (in months)(3)
 
6

 
6

 
6

(1)
Based on the U.S. Treasury constant maturity interest rate whose term is consistent with the expected life of employee stock purchase plan shares.
(2)
We consider both the historical volatility of our stock price as well as implied volatilities from exchange-traded options on our stock.
(3)
Based on semi-annual purchase period.
Summary of stock options outstanding
At February 2, 2013, options to purchase 30.0 million shares of common stock were outstanding as follows (shares in millions):
 
Exercisable
 
Unexercisable
 
Total
 
Shares
 
%
 
Weighted-
Average Price
per Share
 
Shares
 
%
 
Weighted-
Average Price
per Share
 
Shares
 
%
 
Weighted-
Average Price
per Share
In-the-money
0.1

 
—
%
 
$
18.02

 
2.0

 
27
%
 
$
15.78

 
2.1

 
7
%
 
$
15.97

Out-of-the-money
22.5

 
100
%
 
$
40.15

 
5.4

 
73
%
 
$
31.55

 
27.9

 
93
%
 
$
38.46

Total
22.6

 
100
%
 
$
39.98

 
7.4

 
100
%
 
$
27.55

 
30.0

 
100
%
 
$
36.93
Reconciliation of the numerators and denominators of basic and diluted earnings per share
The following table presents a reconciliation of the numerators and denominators of basic and diluted earnings per share in fiscal 2013 (11-month), 2012 and 2011:
 
11-Month
 
12-Month
 
2013(1)
 
2012(1)
 
2011
Numerator (in millions):
 
 
 
 
 
Net earnings (loss) from continuing operations
$
(466
)
 
$
1,424

 
$
1,465

Net earnings from continuing operations attributable to noncontrolling interests
(2
)
 
(3
)
 
(2
)
Net earnings (loss) from continuing operations attributable to Best Buy Co., Inc. shareholders, basic
(468
)
 
1,421

 
1,463

Adjustment for assumed dilution:
 
 
 
 
 
Interest on convertible debentures due in 2022, net of tax
—

 
5

 
6

Net earnings (loss) from continuing operations attributable to Best Buy Co., Inc. shareholders, diluted
$
(468
)
 
$
1,426

 
$
1,469

Denominator (in millions):
 
 
 
 
 
Weighted-average common shares outstanding
338.6

 
366.3

 
406.1

Effect of potentially dilutive securities:
 
 
 
 
 
Shares from assumed conversion of convertible debentures
—

 
7.6

 
8.8

Stock options and other
—

 
0.6

 
1.6

Weighted-average common shares outstanding, assuming dilution
338.6

 
374.5

 
416.5

Net earnings (loss) per share from continuing operations attributable to Best Buy Co., Inc. shareholders
 
 
 
 
 
Basic
$
(1.38
)
 
$
3.88

 
$
3.60

Diluted
$
(1.38
)
 
$
3.81

 
$
3.53

(1)
The calculation of diluted loss per share for fiscal 2013 (11-month) does not include potentially dilutive securities because their inclusion would be anti-dilutive (i.e., reduce the net loss per share).
Repurchases of common stock
The following table presents the amount and cost of shares we repurchased and retired in fiscal 2013 (11-month), 2012 and 2011 under the June 2011 program and the June 2007 program ($ and shares in millions):
 
11-Month
 
12-Month
 
2013
 
2012
 
2011
June 2011 Program
 
 
 
 
 
Total number of shares repurchased
6.3

 
34.5

 
—

Total cost of shares repurchased
$
122

 
$
889

 
$
—

 
 
 
 
 
 
June 2007 Program
 
 
 
 
 
Total number of shares repurchased
—

 
20.1

 
32.6

Total cost of shares repurchased
$
—

 
$
611

 
$
1,193
Components of accumulated other comprehensive income, net of tax
The components of accumulated other comprehensive income, net of tax, were as follows ($ in millions):
 
February 2, 2013
 
March 3, 2012
Foreign currency translation
$
113

 
$
93

Unrealized losses on available-for-sale investments
(1
)
 
(3
)
Total
$
112

 
$
90