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Supplementary Financial Information (Unaudited) (Tables)
12 Months Ended
Jan. 30, 2016
Quarterly Financial Information Disclosure [Abstract]  
Schedule of supplementary financial information
The following tables show selected operating results for each 3-month quarter and full year of fiscal 2016 and 2015 (unaudited) ($ in millions):
 
Quarter
 
12-Month
 
1st
 
2nd
 
3rd
 
4th
 
2016
Revenue
$
8,558

 
$
8,528

 
$
8,819

 
$
13,623

 
$
39,528

Comparable sales % change(1)
0.6
 %
 
3.8
%
 
0.8
%
 
(1.7
)%
 
0.5
 %
Comparable sales % gain (decline), excluding estimated impact of installment billing(5)
(0.7
)%
 
2.7
%
 
0.5
%
 
(1.8
)%
 
(0.1
)%
Gross profit
$
2,030

 
$
2,098

 
$
2,112

 
$
2,951

 
$
9,191

Operating income(2)
86

 
288

 
230

 
771

 
1,375

Net earnings from continuing operations
37

 
164

 
129

 
477

 
807

Gain (loss) from discontinued operations, net of tax
92

 

 
(4
)
 
2

 
90

Net earnings including noncontrolling interests
129

 
164

 
125

 
479

 
897

Net earnings attributable to Best Buy Co., Inc. shareholders
129

 
164

 
125

 
479

 
897

Diluted earnings (loss) per share(3)
 
 
 
 
 
 
 
 
 
Continuing operations
$
0.10

 
$
0.46

 
$
0.37

 
$
1.39

 
$
2.30

Discontinued operations
0.26

 

 
(0.01
)
 
0.01

 
0.26

Diluted earnings per share
$
0.36

 
$
0.46

 
$
0.36

 
$
1.40

 
$
2.56


 
Quarter
 
12-Month
 
1st
 
2nd
 
3rd
 
4th
 
2015
Revenue
$
8,639

 
$
8,459

 
$
9,032

 
$
14,209

 
$
40,339

Comparable sales % gain (decline)(1)
(1.8
)%
 
(2.2
)%
 
2.9
%
 
2.0
%
 
0.5
%
Comparable sales % gain (decline), excluding estimated impact of installment billing(5)(6)
(1.8
)%
 
(2.2
)%
 
2.2
%
 
1.3
%
 
%
Gross profit
$
1,967

 
$
1,978

 
$
2,076

 
$
3,026

 
$
9,047

Operating income(4)
210

 
225

 
205

 
810

 
1,450

Net earnings from continuing operations
469

 
137

 
116

 
524

 
1,246

Gain (loss) from discontinued operations, net of tax
(8
)
 
10

 
(9
)
 
(4
)
 
(11
)
Net earnings including noncontrolling interests
461

 
147

 
107

 
520

 
1,235

Net earnings attributable to Best Buy Co., Inc. shareholders
461

 
146

 
107

 
519

 
1,233

Diluted earnings (loss) per share(3)
 
 
 
 
 
 
 
 
 
Continuing operations
$
1.33

 
$
0.39

 
$
0.33

 
$
1.47

 
$
3.53

Discontinued operations
(0.02
)
 
0.03

 
(0.03
)
 
(0.01
)
 
(0.04
)
Diluted earnings per share
$
1.31

 
$
0.42

 
$
0.30

 
$
1.46

 
$
3.49

(1)
Our comparable sales calculation compares revenue from stores, websites and call centers operating for at least 14 full months, as well as revenue related to certain other comparable sales channels for a particular period to a corresponding period in the prior year. Relocated, as well as remodeled, expanded and downsized stores closed more than 14 days, are excluded from our comparable sales calculation until at least 14 full months after reopening. Acquisitions are included in the comparable sales calculation beginning with the first full quarter following the first anniversary of the date of the acquisition. The portion of the calculation of comparable sales attributable to our International segment excludes the effect of fluctuations in foreign currency exchange rates. The calculation of comparable sales excludes the impact of revenue from discontinued operations. Comparable online sales are included in our comparable sales calculation. The method of calculating comparable sales varies across the retail industry. As a result, our method of calculating comparable sales may not be the same as other retailers' methods.
(2)
Includes $186 million, $(4) million, $7 million and $12 million of restructuring charges recorded in the fiscal first, second, third and fourth quarters, respectively, and $201 million for the 12 months ended January 30, 2016 related to measures we took to restructure our businesses.
(3)
The sum of our quarterly diluted earnings per share does not equal our annual diluted earnings per share due to differences in quarterly and annual weighted-average shares outstanding.
(4)
Includes $2 million, $5 million, $5 million and $(7) million of restructuring charges recorded in the fiscal first, second, third and fourth quarters, respectively, and $5 million for the 12 months ended January 31, 2015 related to measures we took to restructure our businesses.
(5)
Represents comparable sales excluding the estimated revenue of installment billing.
(6)
Enterprise comparable sales for fiscal 2015 include revenue from continuing operations in the International segment. Excluding the International segment, Enterprise comparable sales, excluding the impact of installment billing, would have been (1.3%) in the first quarter, 2.0% in the second quarter, 2.4% in the third quarter, 0.5% in the fourth quarter and 0.5% for fiscal 2015, or equal to Domestic comparable sales excluding the impact of installment billing, for the same periods.