XML 61 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8
Restructuring Charges (Tables)
12 Months Ended
Feb. 01, 2014
Restructuring Cost and Reserve [Line Items]  
Composition of restructuring charges for both the Domestic and International segments
Restructuring charges incurred in fiscal 2014, 2013 (11-month) and 2012 were as follows ($ in millions):
 
12-Month
 
11-Month
 
12-Month
 
2014
 
2013
 
2012
Continuing operations
 
 
 
 
 
Renew Blue
$
165

 
$
171

 
$

Fiscal 2013 U.S. restructuring
(6
)
 
257

 

Fiscal 2012 restructuring

 
(1
)
 
28

Fiscal 2011 restructuring

 
(12
)
 
20

Total
159

 
415

 
48

Discontinued operations
 
 
 
 
 
Fiscal 2013 Europe restructuring
95

 
36

 

Fiscal 2012 restructuring
5

 
(1
)
 
215

Fiscal 2011 restructuring

 
(1
)
 
24

Total (Note 4)
100

 
34

 
239

Total
$
259

 
$
449

 
$
287

Restructuring Program 2013 Renew Blue [Member] [Domain]
 
Restructuring Cost and Reserve [Line Items]  
Restructuring activity related to termination benefits and facility closure costs
The following table summarizes our restructuring accrual activity during fiscal 2014 and 2013 (11-month) related to termination benefits and facility closure and other costs associated with this program ($ in millions):
 
Termination Benefits
 
Facility
Closure and
Other Costs
 
Total
Balance at March 3, 2012
$

 
$

 
$

Charges
55

 
54

 
109

Cash payments
(1
)
 

 
(1
)
Balance at February 2, 2013
54

 
54

 
108

Charges
133

 
16

 
149

Cash payments
(68
)
 
(23
)
 
(91
)
Adjustments
(8
)
 
4

 
(4
)
Balance at February 1, 2014
$
111

 
$
51

 
$
162

Composition of restructuring charges for both the Domestic and International segments
The composition of the restructuring charges we incurred for this program in fiscal 2014 and 2013 (11-month), as well as the cumulative amount incurred through the end of fiscal 2014, was as follows ($ in millions):
 
Domestic
 
International
 
Total
 
12-Month 2014
 
11-Month 2013
 
Cumulative Amount
 
12-Month 2014
 
11-Month 2013
 
Cumulative Amount
 
12-Month 2014
 
11-Month 2013
 
Cumulative Amount
Continuing operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Inventory write-downs
$

 
$
1

 
$
1

 
$

 
$

 
$

 
$

 
$
1

 
$
1

Property and equipment impairments
7

 
7

 
14

 
2

 
23

 
25

 
9

 
30

 
39

Termination benefits
106

 
46

 
152

 
28

 
9

 
37

 
134

 
55

 
189

Investment impairments
16

 
27

 
43

 

 

 

 
16

 
27

 
43

Facility closure and other costs

 
3

 
3

 
6

 
55

 
61

 
6

 
58

 
64

Total
$
129

 
$
84

 
$
213

 
$
36

 
$
87

 
$
123

 
$
165

 
$
171

 
$
336

Restructuring Program 2013 Europe [Member] [Domain] [Domain]
 
Restructuring Cost and Reserve [Line Items]  
Restructuring activity related to termination benefits and facility closure costs
The following table summarizes our restructuring accrual activity during fiscal 2014 and 2013 (11-month) related to termination benefits and facility closure and other costs associated with this program ($ in millions):
 
Termination Benefits
 
Facility
Closure and
Other Costs
 
Total
Balance at March 3, 2012
$

 
$

 
$

Charges
19

 
5

 
24

Cash payments
(19
)
 

 
(19
)
Balance at February 2, 2013

 
5

 
5

Charges
36

 
2

 
38

Cash payments
(2
)
 
(7
)
 
(9
)
Adjustments(1)
(34
)
 

 
(34
)
Balance at February 1, 2014
$

 
$

 
$


(1)
Represents the remaining liability written off as a result of the sale of Best Buy Europe, as described in Note 4, Discontinued Operations.
Composition of restructuring charges for both the Domestic and International segments
The composition of the restructuring charges we incurred for this program in fiscal 2014 and 2013 (11-month), as well as the cumulative amount incurred through the end of fiscal 2014, was as follows ($ in millions):
 
International
 
12-Month 2014
 
11-Month 2013
 
Cumulative Amount
Discontinued operations
 
 
 
 
 
Inventory write-downs
$
7

 
$

 
$
7

Property and equipment impairments
45

 
12

 
57

Termination benefits
36

 
19

 
55

Tradename impairments
4

 

 
4

Facility closure and other costs
3

 
5

 
8

Total
$
95

 
$
36

 
$
131

Restructuring Program 2013 U.S. [Member] [Domain]
 
Restructuring Cost and Reserve [Line Items]  
Restructuring activity related to termination benefits and facility closure costs
The following table summarizes our restructuring accrual activity during fiscal 2014 and 2013 (11-month) related to termination benefits and facility closure and other costs associated with this program ($ in millions):
 
Termination Benefits
 
Facility
Closure and
Other Costs
 
Total
Balance at March 3, 2012
$

 
$

 
$

Charges
109

 
152

 
261

Cash payments
(65
)
 
(33
)
 
(98
)
Adjustments
(40
)
 
(6
)
 
(46
)
Balance at February 2, 2013
4

 
113

 
117

Charges

 
4

 
4

Cash payments
(2
)
 
(46
)
 
(48
)
Adjustments
(2
)
 
(13
)
 
(15
)
Balance at February 1, 2014
$

 
$
58

 
$
58

Composition of restructuring charges for both the Domestic and International segments
The composition of the restructuring charges we incurred for this program in fiscal 2014 and 2013 (11-month), as well as the cumulative amount incurred through the end of fiscal 2014, was as follows ($ in millions):
 
Domestic
 
12-Month 2014
 
11-Month 2013
 
Cumulative Amount
Continuing operations
 
 
 
 
 
Property and equipment impairments
$

 
$
29

 
$
29

Termination benefits

 
77

 
77

Facility closure and other costs
(6
)
 
151

 
145

Total
$
(6
)
 
$
257

 
$
251

Restructuring Program 2012 [Member]
 
Restructuring Cost and Reserve [Line Items]  
Restructuring activity related to termination benefits and facility closure costs
The following table summarizes our restructuring accrual activity during fiscal 2014 and 2013 (11-month) related to termination benefits and facility closure and other costs associated with this program ($ in millions):
 
Termination Benefits
 
Facility
Closure and
Other Costs
 
Total
Balance at March 3, 2012
$
17

 
$
85

 
$
102

Charges
1

 
2

 
3

Cash payments
(18
)
 
(83
)
 
(101
)
Adjustments(1)

 
28

 
28

Changes in foreign currency exchange rates

 
4

 
4

Balance at February 2, 2013


36

 
36

Cash payments

 
(33
)
 
(33
)
Adjustments(2)

 
(1
)
 
(1
)
Changes in foreign currency exchange rates

 
(2
)
 
(2
)
Balance at February 1, 2014
$

 
$

 
$


(1)
Included within adjustments to facility closure and other costs is $34 million from the first quarter of fiscal 2013 (11-month), representing an adjustment to exclude non-cash charges or benefits, which had no impact on our Consolidated Statements of Earnings in fiscal 2013 (11-month).
(2)
Included within adjustments to facility closure and other costs is a $5 million charge related to a change in sublease assumptions, offset by a $(6) million adjustment to write off the remaining liability as a result of the sale of Best Buy Europe, as described in Note 4, Discontinued Operations.
Composition of restructuring charges for both the Domestic and International segments
The composition of the restructuring charges we incurred for this program in fiscal 2014, 2013 (11-month) and 2012, as well as the cumulative amount incurred through the end of fiscal 2014, was as follows ($ in millions):
 
Domestic
 
International
 
Total
 
12-Month 2014
 
11-Month 2013
 
12-Month 2012
 
Cumulative Amount
 
12-Month 2014
 
11-Month 2013
 
12-Month 2012
 
Cumulative Amount
 
12-Month 2014
 
11-Month 2013
 
12-Month 2012
 
Cumulative Amount
Continuing operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Property and equipment impairments
$

 
$

 
$
17

 
$
17

 
$

 
$

 
$
5

 
$
5

 
$

 
$

 
$
22

 
$
22

Termination benefits

 

 
1

 
1

 

 

 

 

 

 

 
1

 
1

Facility closure and other costs

 
(1
)
 
5

 
4

 

 

 

 

 

 
(1
)
 
5

 
4

Total

 
(1
)
 
23

 
22

 

 

 
5

 
5

 

 
(1
)
 
28

 
27

Discontinued operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Inventory write-downs

 

 

 

 

 

 
11

 
11

 

 

 
11

 
11

Property and equipment impairments

 

 

 

 

 

 
106

 
106

 

 

 
106

 
106

Termination benefits

 

 

 

 

 
1

 
16

 
17

 

 
1

 
16

 
17

Facility closure and other costs

 

 

 

 
5

 
(2
)
 
82

 
85

 
5

 
(2
)
 
82

 
85

Total

 

 

 

 
5

 
(1
)
 
215

 
219

 
5

 
(1
)
 
215

 
219

Total
$

 
$
(1
)
 
$
23

 
$
22

 
$
5

 
$
(1
)
 
$
220

 
$
224

 
$
5

 
$
(2
)
 
$
243

 
$
246