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Quarterly Financial Information (Unaudited) Quarterly Financial Information (Unaudited) (Tables)
 12 Months Ended
Feb. 02, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Table Text Block]
The following tables show selected operating results for each quarter and full year of fiscal 2019 and fiscal 2018 (unaudited) ($ in millions):
 
Quarter
 
 
 
1st
 
2nd
 
3rd
 
4th
 
Fiscal Year
Fiscal 2019
 
 
 
 
 
 
 
 
 
Revenue
$
9,109

 
$
9,379

 
$
9,590

 
$
14,801

 
$
42,879

Comparable sales growth(1)
7.1
%
 
6.2
%
 
4.3
%
 
3.0
%
 
4.8
%
Gross profit
$
2,125

 
$
2,229

 
$
2,324

 
$
3,283

 
$
9,961

Operating income(2)
265

 
335

 
322

 
978

 
1,900

Net earnings(3)
$
208

 
$
244

 
$
277

 
$
735

 
$
1,464

Diluted earnings per share(4)
$
0.72

 
$
0.86

 
$
0.99

 
$
2.69

 
$
5.20

 
Quarter
 
 
 
1st
 
2nd
 
3rd
 
4th
 
Fiscal Year
Fiscal 2018
 
 
 
 
 
 
 
 
 
Revenue
$
8,528

 
$
8,940

 
$
9,320

 
$
15,363

 
$
42,151

Comparable sales growth(1)
1.6
%
 
5.4
%
 
4.4
%
 
9.0
%
 
5.6
%
Gross profit
$
2,022

 
$
2,153

 
$
2,280

 
$
3,421

 
$
9,876

Operating income(5)
300

 
321

 
350

 
872

 
1,843

Net earnings from continuing operations(6)
188

 
209

 
238

 
364

 
999

Gain from discontinued operations, net of tax
—

 
—

 
1

 
—

 
1

Net earnings
$
188

 
$
209

 
$
239

 
$
364

 
$
1,000

Diluted earnings per share(4)
$
0.60

 
$
0.67

 
$
0.78

 
$
1.23

 
$
3.26

(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 the corresponding period in the prior year. Relocated stores, 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. Comparable sales also exclude the impact of the extra week in fiscal 2018. On March 1, 2018, we announced our intent to close all of our 257 remaining Best Buy Mobile stand-alone stores in the U.S. As a result, all revenue related to these stores has been excluded from the comparable sales calculation beginning in March 2018. On October 1, 2018, we acquired all outstanding shares of GreatCall. Consistent with our comparable sales policy, the results of GreatCall are excluded from our comparable sales calculation for fiscal 2019.
(2)
Includes $30 million, $17 million, $0 million and $(1) million of restructuring charges (benefit) recorded in the fiscal first, second, third and fourth quarters of 2019, respectively, and $46 million for the fiscal year ended February 2, 2019, related to measures we took to restructure our businesses. Also includes $13 million of acquisition-related transaction costs in the fiscal third quarter of 2019 and $5 million and $17 million of non-cash amortization of definite-lived intangible assets in the fiscal third and fourth quarters of 2019, respectively, associated with the acquisition of GreatCall. Total non-cash amortization of definite-lived intangible assets for the fiscal year ended February 2, 2019 was $22 million. The fiscal first quarter and year ended February 2, 2019, also includes $7 million related to the one-time bonus for certain employees in response to future tax savings created by the Tax Act.
(3)
Includes subsequent adjustments resulting from the Tax Act, including $(18) million, $(2) million and $(20) million associated with the deemed repatriation tax recorded in the fiscal third quarter, fourth quarter and year ended February 2, 2019, respectively, and$(5) million and $(5) million related to the revaluation of deferred tax assets and liabilities recorded in the fiscal third quarter and year ended February 2, 2019, respectively.
(4)
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.
(5)
Includes $0 million, $2 million, $(2) million and $10 million of restructuring charges (benefit) recorded in the fiscal first, second, third and fourth quarters of 2018, respectively, and $10 million for the fiscal year ended February 3, 2018, related to measures we took to restructure our businesses. Also includes $80 million related to a one-time bonus for certain employees and $20 million related to a one-time contribution to the Best Buy Foundation in response to future tax savings created by the Tax Act for the fiscal fourth quarter and year ended February 3, 2018.
(6)
Includes $283 million of charges resulting from the Tax Act for the fiscal fourth quarter and year ended February 3, 2018, including $209 million associated with the deemed repatriation tax and $74 million primarily related to the revaluation of deferred tax assets and liabilities.