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Restructuring Charges (Notes)
 9 Months Ended
Oct. 28, 2017
Restructuring and Related Activities [Abstract]  
Restructuring Charges
Restructuring Charges

Charges incurred in the three and nine months ended October 28, 2017, and October 29, 2016, for our restructuring activities were as follows ($ in millions):
 
Three Months Ended
 
Nine Months Ended
 
October 28, 2017
 
October 29, 2016
 
October 28, 2017
 
October 29, 2016
Renew Blue Phase 2
$
—

 
$
1

 
$
—

 
$
26

Canadian brand consolidation
(2
)
 
(2
)
 
(3
)
 
(1
)
Renew Blue(1)
—

 
1

 
3

 
4

Other restructuring activities(2)
—

 
1

 
—

 
1

Total restructuring charges
$
(2
)
 
$
1

 
$
—

 
$
30


(1)
Represents activity related to our remaining vacant space liability, primarily in our International segment, for our Renew Blue restructuring program, which began in the fourth quarter of fiscal 2013. We may continue to incur immaterial adjustments to the liability for changes in sublease assumptions or potential lease buyouts. In addition, lease payments for vacated stores will continue until leases expire or are terminated. The remaining vacant space liability was $11 million at October 28, 2017.
(2)
Represents activity related to our remaining vacant space liability for U.S. large-format store closures in fiscal 2013. We may continue to incur immaterial adjustments to the liability for changes in sublease assumptions or potential lease buyouts. In addition, lease payments for vacated stores will continue until leases expire or are terminated. The remaining vacant space liability was $7 million at October 28, 2017.

Renew Blue Phase 2

In the first quarter of fiscal 2017, we took several strategic actions to eliminate and simplify certain components of our operations and restructure certain field and corporate teams as part of our Renew Blue Phase 2 plan. No charges were incurred in the three and nine months ended October 28, 2017. We incurred charges of $1 million and $26 million related to Phase 2 of the plan during the three and nine months ended October 29, 2016, respectively. The charges incurred consisted of employee termination benefits and property and equipment impairments. All restructuring charges related to this plan are from continuing operations and are presented in Restructuring charges in our Condensed Consolidated Statements of Earnings.

The composition of the restructuring charges we incurred for Renew Blue Phase 2 during the three and nine months ended October 28, 2017, and October 29, 2016, as well as, the cumulative amount incurred through October 28, 2017, was as follows ($ in millions):
 
Domestic
 
Three Months Ended
 
Nine Months Ended
 
Cumulative Amount
 
October 28, 2017
 
October 29, 2016
 
October 28, 2017
 
October 29, 2016
 
October 28, 2017
Property and equipment impairments
$
—

 
$
1

 
$
—

 
$
8

 
$
8

Termination benefits
—

 
—

 
—

 
18

 
18

Total restructuring charges
$
—

 
$
1

 
$
—

 
$
26

 
$
26



As of October 28, 2017, and January 28, 2017, there was no restructuring accrual balance. The restructuring accrual activity related to termination benefits was as follows for the nine months ended October 29, 2016 ($ in millions):
 
Termination
Benefits
Balances at January 30, 2016
$
—

Charges
19

Cash payments
(16
)
Adjustments(1)
(2
)
Balances at October 29, 2016
$
1


(1)
Adjustments to termination benefits represent changes in retention assumptions.

Canadian Brand Consolidation

In the first quarter of fiscal 2016, we consolidated the Future Shop and Best Buy stores and websites in Canada under the Best Buy brand. This resulted in the permanent closure of 66 Future Shop stores and the conversion of the remaining 65 Future Shop stores to the Best Buy brand. All restructuring charges related to this plan are from continuing operations and are presented in Restructuring charges in our Condensed Consolidated Statements of Earnings.

The composition of total restructuring charges we incurred for the Canadian brand consolidation in the three and nine months ended October 28, 2017, and October 29, 2016, as well as, the cumulative amount incurred through October 28, 2017, was as follows ($ in millions):
 
International
 
Three Months Ended
 
Nine Months Ended
 
Cumulative Amount
 
October 28, 2017
 
October 29, 2016
 
October 28, 2017
 
October 29, 2016
 
October 28, 2017
Inventory write-downs
$
—

 
$
—

 
$
—

 
$
—

 
$
3

Property and equipment impairments
—

 
—

 
—

 
—

 
30

Tradename impairment
—

 
—

 
—

 
—

 
40

Termination benefits
—

 
—

 
—

 
—

 
25

Facility closure and other costs
(2
)
 
(2
)
 
(3
)
 
(1
)
 
102

Total restructuring charges
$
(2
)
 
$
(2
)
 
$
(3
)
 
$
(1
)
 
$
200



The following tables summarize our restructuring accrual activity during the nine months ended October 28, 2017, and October 29, 2016, related to termination benefits and facility closure and other costs associated with the Canadian brand consolidation ($ in millions):
 
Termination
Benefits
 
Facility
Closure and
Other Costs
 
Total
Balances at January 28, 2017
$
—

 
$
34

 
$
34

Cash payments
—

 
(14
)
 
(14
)
Adjustments(1)
—

 
(3
)
 
(3
)
Changes in foreign currency exchange rates
—

 
1

 
1

Balances at October 28, 2017
$
—

 
$
18

 
$
18

 
 
 
 
 
 
Balances at January 30, 2016
$
2

 
$
64

 
$
66

Charges
—

 
1

 
1

Cash payments
(2
)
 
(29
)
 
(31
)
Adjustments(1)
—

 
(2
)
 
(2
)
Changes in foreign currency exchange rates
—

 
3

 
3

Balances at October 29, 2016
$
—

 
$
37

 
$
37


(1)
Adjustments to facility closure and other costs represent changes in sublease assumptions.