Discontinued Operations

12 Months Ended

Jan. 28, 2017

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. During the fourth quarter of fiscal 2015, we entered into a definitive agreement to sell our Five Star business to Yingtan City Xiangyuan Investment Limited Partnership and Zhejiang Jiayuan Real Estate Group Co. On February 13, 2015, we completed the sale of Five Star and recognized a gain on sale of $99 million. Following the sale of Five Star, we continued to hold as available for sale one retail property in Shanghai, China. The assets of this property were classified as held for sale in the Consolidated Balance Sheets and were $31 million as of January 30, 2016. In May 2016, we completed the sale of the property and recognized a gain, net of income tax, of $16 million. The gain on sale of the property is included in other, net within operating activities in the Consolidated Statements of Cash Flows.

The aggregate financial results of all discontinued operations for fiscal 2017, 2016 and 2015 were as follows ($ in millions):

	2017			2016			2015
Revenue	$	—		$	217		$	1,564
Restructuring charges(1)	—			1			18
Gain (loss) from discontinued operations before income tax expense	28			(8		)	(12		)
Income tax expense	(7		)	(1		)	—
Gain on sale of discontinued operations	—			99			1
Net earnings (loss) from discontinued operations including noncontrolling interests	21			90			(11		)
Net earnings from discontinued operations attributable to noncontrolling interests	—			—			(2		)
Net earnings (loss) from discontinued operations attributable to Best Buy Co., Inc. shareholders	$	21		$	90		$	(13	)

(1) See Note 4, Restructuring Charges, for further discussion of the restructuring charges associated with discontinued operations.