Fair Value Measurements (Tables)

3 Months Ended

May 03, 2014

Fair Value Disclosures [Abstract]

Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables set forth by level within the fair value hierarchy, our financial assets and liabilities that were accounted for at fair value on a recurring basis at May 3, 2014, February 1, 2014, and May 4, 2013, according to the valuation techniques we used to determine their fair values ($ in millions).

			Fair Value Measurements Using Inputs Considered as
	Fair Value at May 3, 2014		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
ASSETS
Cash and cash equivalents
Money market funds	$	16	$	16	$	—	$	—
Commercial paper	149		—		149		—
Treasury bills	100		100		—		—
Short-term investments
Commercial paper	234		—		234		—
Treasury bills	100		100		—		—
Other assets
Auction rate securities	9		—		—		9
Marketable securities that fund deferred compensation	96		96		—		—
LIABILITIES
Accrued liabilities
Foreign currency derivative instruments	8		—		8		—

			Fair Value Measurements Using Inputs Considered as
	Fair Value at February 1, 2014		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
ASSETS
Cash and cash equivalents
Money market funds	$	53	$	53	$	—	$	—
Commercial paper	80		—		80		—
Treasury bills	263		263		—		—
Short-term investments
Commercial paper	100		—		100		—
Other current assets
Foreign currency derivative instruments	2		—		2		—
Other assets
Auction rate securities	9		—		—		9
Marketable securities that fund deferred compensation	96		96		—		—
LIABILITIES
Accrued liabilities
Foreign currency derivative instruments	5		—		5		—

			Fair Value Measurements Using Inputs Considered as
	Fair Value at May 4, 2013		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
ASSETS
Cash and cash equivalents
Money market funds	$	40	$	40	$	—	$	—
Other assets
Auction rate securities	21		—		—		21
Marketable equity securities	3		3		—		—
Marketable securities that fund deferred compensation	90		90		—		—
LIABILITIES
Accrued liabilities
Foreign currency derivative instruments	5		—		5		—
ASSETS HELD FOR SALE
Short-term investments
Marketable equity securities	9		9		—		—
Other current assets
Money market funds (restricted assets)	34		34		—		—

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis

The following table summarizes the fair value remeasurements for non-restructuring property and equipment impairments and restructuring activities recorded during the three months ended May 3, 2014, and May 4, 2013 ($ in millions):

	Three Months Ended				Three Months Ended
	May 3, 2014				May 4, 2013
	Impairments		Remaining Net Carrying Value(1)		Impairments		Remaining Net Carrying Value(1)
Continuing operations
Property and equipment (non-restructuring)	$	9	$	—	$	13	$	—
Restructuring activities(2)
Property and equipment	1		—		1		—
Total continuing operations	$	10	$	—	$	14	$	—
Discontinued operations(3)
Property and equipment(4)	$	—	$	—	$	220	$	147
Tradename	—		—		4		22
Total discontinued operations	$	—	$	—	$	224	$	169

(1) Remaining net carrying value approximates fair value.

(2) See Note 5, Restructuring Charges, for additional information.

(3) Property and equipment and tradename impairments associated with discontinued operations are recorded within loss from discontinued operations in our Consolidated Statements of Earnings.

(4) Includes the $175 million impairment to write down the book value of our investment in Best Buy Europe to fair value based on expected net proceeds as described in Note 2, Assets and Liabilities Held for Sale and Discontinued Operations. The impairment was calculated based on the fair value and foreign currency translation adjustment associated with the business and was applied to the fixed assets.