Fair Value Measurements (Tables)

12 Months Ended

Jan. 31, 2015

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 January 31, 2015, and February 1, 2014, according to the valuation techniques we used to determine their fair values ($ in millions).



			Fair Value Measurements Using Inputs Considered as
	Fair Value at January 31, 2015		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	$	265	$	265	$	—	$	—
Corporate bonds	13		—		13		—
Commercial paper	165		—		165		—
Short-term investments
Corporate bonds	276		—		276		—
Commercial paper	306		—		306		—
Other current assets
Foreign currency derivative instruments	30		—		30		—
Other assets
Interest rate swap derivative instruments	1		—		1		—
Auction rate securities	2		—		—		2
Marketable securities that fund deferred compensation	97		97		—		—
Assets held for sale
Cash and cash equivalents
Money market funds	16		16		—		—



			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, assets and liabilities measured on nonrecurring basis, fair value remeasurements (impairments)

The following table summarizes the fair value remeasurements for non-restructuring property and equipment impairments and restructuring activities recorded for fiscal 2015 and fiscal 2014 ($ in millions):



	2015				2014
	Impairments		Remaining Net Carrying Value⁽¹⁾		Impairments		Remaining Net Carrying Value ⁽¹⁾
Continuing operations
Property and equipment (non-restructuring)	$	42	$	19	$	101	$	10
Restructuring activities⁽²⁾
Property and equipment	1		—		8		—
Investments	—		—		16		21
Total	$	43	$	19	$	125	$	31
Discontinued operations⁽³⁾
Property and equipment⁽⁴⁾	$	1	$	—	$	221	$	—
Tradename	—		—		4		—
Total	$	1	$	—	$	225	$	—


(1)	Remaining net carrying value approximates fair value.


(2)	See Note 4, 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. Upon completion of the sale of Best Buy Europe as described in Note 2, Discontinued Operations, the remaining net carrying values of all assets have been reduced to zero.