Restructuring (Tables)

3 Months Ended

May 03, 2025

Restructuring Cost and Reserve [Line Items]


	Three Months Ended
	May 3, 2025		May 4, 2024
Best Buy Health Optimization and China Sourcing Initiative	$	111	$	-
Fiscal 2024 Restructuring Initiative		(2)		16
Fiscal 2023 Resource Optimization Initiative		-		(1)
Total	$	109	$	15

Best Buy Health Optimization and China Sourcing Initiative [Member]

Restructuring Cost and Reserve [Line Items]

Composition of Restructuring Charges


	Three Months Ended
	May 3, 2025
Asset impairments and other costs⁽¹⁾	$	73
Termination benefits		38
Total	$	111

(1)Primarily represents the full impairment of net assets related to a component of our Best Buy Health business and other exit costs. The remaining carrying value of net assets approximates fair value and was immaterial as of May 3, 2025.

2024 Resource Optimization Initiative [Member]

Restructuring Cost and Reserve [Line Items]

Composition of Restructuring Charges


	Three Months Ended		Three Months Ended		Cumulative Amount
	May 3, 2025		May 4, 2024		As of May 3, 2025
Domestic	$	(2)	$	17	$	164
International		-		(1)		8
Total	$	(2)	$	16	$	172

Restructuring Accrual Activity



	Termination Benefits
	Domestic		International		Total
Balances at February 1, 2025	$	80	$	5	$	85
Cash payments		(6)		-		(6)
Adjustments⁽¹⁾		(2)		-		(2)
Balances at May 3, 2025	$	72	$	5	$	77

(1)Represents adjustments primarily related to higher-than-expected employee retention from previously planned organizational changes.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

BEST BUY CO INC 10-Q