CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jul. 30, 2016	Jan. 30, 2016		Aug. 01, 2015
Current assets
Cash and cash equivalents	$ 1,861	$ 1,976		$ 1,800
Short-term investments	1,590	1,305		1,695
Receivables, net	926	1,162		1,025
Merchandise inventories	4,908	5,051		4,995
Other current assets	409	392		465
Total current assets	9,694	9,886		9,980
Property and equipment, net	2,295	2,346		2,235
Goodwill	425	425		425
Intangibles, net	18	18		18
Other assets	822	813		868
Non-current assets held for sale	0	31		33
Total assets	13,254	13,519		13,559
Current liabilities
Accounts payable	4,800	4,450		4,680
Unredeemed gift card liabilities	369	409		371
Deferred revenue	380	357		316
Accrued compensation and related expenses	272	384		285
Accrued liabilities	840	802		778
Accrued income taxes	96	128		26
Current portion of long-term debt	43	395	[1]	382	[1]
Total current liabilities	6,800	6,925		6,838
Long-term liabilities	794	877		879
Long-term debt	1,341	1,339		1,220
Best Buy Co., Inc. shareholders’ equity
Preferred stock, $1.00 par value: Authorized — 400,000 shares; Issued and outstanding — none	0	0		0
Common stock, $0.10 par value: Authorized — 1.0 billion shares; Issued and outstanding — 317,000,000, 324,000,000 and 344,000,000 shares, respectively	32	32		34
Prepaid Share Repurchase	0	(55)		0
Additional paid-in capital	0	0		198
Retained earnings	3,991	4,130		4,092
Accumulated other comprehensive income	296	271		298
Total equity	4,319	4,378		4,622
Total liabilities and equity	$ 13,254	$ 13,519		$ 13,559

[1] Our 2016 Notes, due March 15, 2016, were classified in our current portion of long-term debt as of January 30, 2016 and August 1, 2015, respectively. In March 2016, we repaid the 2016 Notes using existing cash resources.