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Shareholders' Equity (Tables)
 12 Months Ended
Jan. 31, 2015
Equity [Abstract]  
Stock-based compensation expense
Stock-based compensation expense was as follows in fiscal 2015, 2014 and 2013 (11-month) ($ in millions):
 
12-Month
 
12-Month
 
11-Month
 
2015
 
2014
 
2013
Stock options
$
17

 
$
25

 
$
43

Share awards
 
 
 
 
 
Market-based
10

 
9

 
2

Time-based
60

 
62

 
62

Employee stock purchase plans
—

 
1

 
5

Total
$
87

 
$
97

 
$
112
Stock option activity
Stock option activity was as follows in fiscal 2015:
 
Stock
Options
 
Weighted-
Average
Exercise Price
per Share
 
Weighted-Average
Remaining
Contractual
Term (in years)
 
Aggregate
Intrinsic Value (in millions)
Outstanding at February 1, 2014
22,101,000

 
$
36.38

 
 
 
 

Granted
1,524,000

 
$
29.90

 
 
 
 

Exercised
(1,679,000
)
 
$
25.31

 
 
 
 

Forfeited/Canceled
(4,604,000
)
 
$
36.62

 
 
 
 

Outstanding at January 31, 2015
17,342,000

 
$
36.81

 
4.9
 
$
67

Vested or expected to vest at January 31, 2015
17,095,000

 
$
36.91

 
4.8
 
$
66

Exercisable at January 31, 2015
13,995,000

 
$
39.37

 
4.0
 
$
36
Assumption used to estimate the fair value of stock option on the date of grant using a lattice model
In fiscal 2015, 2014 and 2013 (11-month), we estimated the fair value of each stock option on the date of grant using a lattice or Black Scholes valuation model (for certain individuals) with the following assumptions:
 
 
12-Month
 
12-Month
 
11-Month
Valuation Assumptions(1)
 
2015
 
2014
 
2013
Risk-free interest rate(2)
 
0.1% – 2.4%

 
0.1% – 1.8%

 
0.1% – 2.0%

Expected dividend yield
 
2.5
%
 
2.0
%
 
2.2
%
Expected stock price volatility(3)
 
40
%
 
46
%
 
44
%
Expected life of stock options (in years)(4)
 
6.0

 
5.9

 
5.9


(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)
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 January 31, 2015, and changes during fiscal 2015, is as follows:
Market-Based Share Awards
 
Shares
 
Weighted-Average Fair Value per Share
Outstanding at February 1, 2014
 
1,636,000

 
$
20.91

Granted
 
564,000

 
$
29.22

Vested
 
(127,000
)
 
$
19.16

Forfeited/Canceled
 
(369,000
)
 
$
19.23

Outstanding at January 31, 2015
 
1,704,000

 
$
24.16
Summary of the status of nonvested time-based share awards
A summary of the status of our nonvested time-based share awards at January 31, 2015, and changes during fiscal 2015, is as follows:
Time-Based Share Awards
 
Shares
 
Weighted-Average Fair Value per Share
Outstanding at February 1, 2014
 
7,065,000

 
$
21.49

Granted
 
2,609,000

 
$
28.49

Vested
 
(2,657,000
)
 
$
22.77

Forfeited/Canceled
 
(1,474,000
)
 
$
20.68

Outstanding at January 31, 2015
 
5,543,000

 
$
24.40
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

Summary of stock options outstanding
At January 31, 2015, options to purchase 17.3 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
2.8

 
20
%
 
$
22.99

 
3.1

 
94
%
 
$
25.60

 
5.9

 
34
%
 
$
24.38

Out-of-the-money
11.2

 
80
%
 
$
43.42

 
0.2

 
6
%
 
$
34.25

 
11.4

 
66
%
 
$
43.27

Total
14.0

 
100
%
 
$
39.37

 
3.3

 
100
%
 
$
26.11

 
17.3

 
100
%
 
$
36.81
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 2015, 2014 and 2013 (11-month):
 
12-Month
 
12-Month
 
11-Month
 
2015
 
2014
 
2013(1)
Numerator (in millions):
 
 
 
 
 
Net earnings (loss) from continuing operations attributable to Best Buy Co., Inc., shareholders, diluted
$
1,246

 
$
695

 
$
(259
)
Denominator (in millions):
 
 
 
 
 
Weighted-average common shares outstanding
349.5

 
342.1

 
338.6

Effect of potentially dilutive securities:
 
 
 
 
 
Stock options and other
4.1

 
5.5

 
—

Weighted-average common shares outstanding, assuming dilution
353.6

 
347.6

 
338.6

Net earnings (loss) per share from continuing operations attributable to Best Buy Co., Inc. shareholders
 
 
 
 
 
Basic
$
3.57

 
$
2.03

 
$
(0.76
)
Diluted
$
3.53

 
$
2.00

 
$
(0.76
)
(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 2015, 2014 and 2013 (11-month) under the June 2011 program and the June 2007 program ($ and shares in millions):
 
12-Month
 
12-Month
 
11-Month
 
2015
 
2014
 
2013
June 2011 Program
 
 
 
 
 
Total number of shares repurchased
—

 
—

 
6.3

Total cost of shares repurchased
$
—

 
$
—

 
$
122
Components of accumulated other comprehensive income, net of tax
The following table provides a reconciliation of the components of accumulated other comprehensive income, net of tax, attributable to Best Buy Co., Inc. shareholders for fiscal 2015, 2014, and 2013 (11-month), respectively ($ in millions):
 
Foreign Currency Translation
 
Available-For-Sale Investments
 
Total
Balances at March 3, 2012
93

 
(3
)
 
90

Adjustment for fiscal year-end change
11

 
—

 
11

Balances at January 28, 2012
104

 
(3
)
 
101

Foreign currency translation adjustments
9

 
—

 
9

Unrealized gains on available-for-sale investments
—

 
2

 
2

Balances at February 2, 2013
113

 
(1
)
 
112

Foreign currency translation adjustments
(136
)
 
—

 
(136
)
Unrealized gains on available-for-sale investments
—

 
7

 
7

Reclassification of foreign currency translation adjustments into earnings due to sale of business
508

 
—

 
508

Reclassification of losses on available-for-sale investments into earnings
—

 
1

 
1

Balances at February 1, 2014
$
485

 
$
7

 
$
492

Foreign currency translation adjustments
(103
)
 
—

 
(103
)
Unrealized losses on available-for-sale investments
—

 
(3
)
 
(3
)
Reclassification of gains on available-for-sale investments into earnings
—

 
(4
)
 
(4
)
Balances at January 31, 2015
$
382

 
$
—

 
$
382