Discontinued Operations (Tables)

12 Months Ended

Feb. 01, 2014

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Assets and Liabilities Disposed of by Sale, in Period of Disposition [Table Text Block]

The composition of assets and liabilities disposed of on June 26, 2013, as a result of the sale of Best Buy Europe was as follows ($ in millions):



	June 26, 2013
Cash and cash equivalents	$	597
Receivables	1,295
Merchandise inventories	554
Other current assets	168
Net property and equipment	159
Other assets	316
Total assets	3,089

Accounts payable	790
Short-term debt	973
Other current liabilities	1,145
Long-term liabilities	65
Total liabilities	2,973

Schedule of financial results of discontinued operations

The aggregate financial results of all discontinued operations for fiscal 2014, 2013 (11-month) and 2012 were as follows ($ in millions):



	12-Month			11-Month			12-Month
	2014			2013			2012
Revenue	$	2,815		$	5,259		$	5,658
Restructuring charges⁽¹⁾	100			34			239
Gain (loss) from discontinued operations before income tax benefit	(240		)	15			(1,521		)
Income tax benefit⁽²⁾	42			37			122
Gain on sale of discontinued operations	32			—			—
Equity in loss of affiliates	—			(5		)	(3		)
Net gain (loss) from discontinued operations including noncontrolling interests	(166		)	47			(1,402		)
Net (gain) loss from discontinued operations attributable to noncontrolling interests	11			(19		)	(1,250		)
Net gain (loss) from discontinued operations attributable to Best Buy Co., Inc. shareholders	$	(155	)	$	28		$	(2,652	)


(1)	See Note 6, Restructuring Charges, for further discussion of the restructuring charges associated with discontinued operations.

(2)

Income tax benefit for fiscal 2014 includes a $27 million benefit related to a tax allocation between continuing and discontinued operations and a $15 million benefit related to the impairment of our investment in Best Buy Europe. The fiscal 2014 effective tax rate for discontinued operations differs from the statutory tax rate primarily due to the previously mentioned tax allocation, sale of mindSHIFT, restructuring charges and the impairment of our investment in Best Buy Europe. The sale of mindSHIFT, restructuring charges and impairment generally included no related tax benefit. The deferred tax assets related to the sale of mindSHIFT and restructuring charges generally resulted in an increase in the valuation allowance in an equal amount, of which the investment impairment is not tax deductible.

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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