Discontinued Operations

6 Months Ended

Aug. 01, 2015

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

Discontinued operations are primarily comprised of Jiangsu Five Star Appliance Co., Limited ("Five Star") within our International segment. Following the sale of Five Star in February 2015, we continue to hold one retail property in Shanghai, China, which remains held for sale at August 1, 2015, as we continue to actively market the property. The presentation of discontinued operations has been retrospectively applied to all prior periods presented.

The composition of assets and liabilities disposed of as a result of the sale of Five Star was as follows ($ in millions):

	February 13, 2015
Cash and cash equivalents	$	125
Receivables	113
Merchandise inventories	252
All other assets	461
Total assets	$	951
Accounts payable	$	478
All other liabilities	128
Total liabilities	$	606

The aggregate financial results of discontinued operations were as follows ($ in millions):

	Three Months Ended					Six Months Ended
	August 1, 2015		August 2, 2014			August 1, 2015			August 2, 2014
Revenue(1)	$	5	$	437		$	217		$	834
Restructuring charges	—		—			—			1
Gain (loss) from discontinued operations before income tax benefit	—		15			(10		)	4
Income tax benefit (expense)	—		(7		)	3			(4		)
Gain on sale of discontinued operations	—		2			99			2
Net gain from discontinued operations, including noncontrolling interests	—		10			92			2
Net earnings from discontinued operations attributable to noncontrolling interests	—		(1		)	—			(1		)
Net gain from discontinued operations attributable to Best Buy Co., Inc. shareholders	$	—	$	9		$	92		$	1

(1) The $5 million of revenue for the three months ended August 1, 2015, represents the final sales associated with our China retail business.