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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Nov. 26, 2011
Feb. 26, 2011
Nov. 27, 2010
CURRENT ASSETS      
Cash and cash equivalents $ 2,392 $ 1,103 $ 925
Short-term investments 0 22 2
Receivables 3,212 2,348 2,793
Merchandise inventories 9,220 5,897 10,064
Other current assets 1,085 1,103 1,045
Total current assets 15,909 10,473 14,829
PROPERTY AND EQUIPMENT, NET 3,567 3,823 3,994
GOODWILL 2,420 2,454 2,441
TRADENAMES, NET 129 133 145
CUSTOMER RELATIONSHIPS, NET 165 203 220
EQUITY AND OTHER INVESTMENTS 146 328 343
OTHER ASSETS 412 435 380
TOTAL ASSETS 22,748 17,849 22,352
CURRENT LIABILITIES      
Accounts payable 10,064 4,894 9,858
Unredeemed gift card liabilities 428 474 424
Accrued compensation and related expenses 497 570 464
Accrued liabilities 1,976 1,471 1,920
Accrued income taxes 11 256 31
Short-term debt 163 557 690
Current portion of long-term debt 427 [1] 441 [1] 33 [1]
Total current liabilities 13,566 8,663 13,420
LONG-TERM LIABILITIES 1,119 1,183 1,166
LONG-TERM DEBT 1,687 711 1,101
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 - 353,991,000, 392,590,000 and 394,067,000 shares, respectively 35 39 39
Additional paid-in capital 0 18 0
Retained earnings 5,663 6,372 5,824
Accumulated other comprehensive income 12 173 138
Total Best Buy Co., Inc. shareholders' equity 5,710 6,602 6,001
Noncontrolling interests 666 690 664
Total equity 6,376 7,292 6,665
TOTAL LIABILITIES AND EQUITY $ 22,748 $ 17,849 $ 22,352
[1] Since holders of our convertible debentures may require us to purchase all or a portion of the debentures on January 15, 2012, we classified the $387 for such debentures in the current portion of long-term debt at November 26, 2011, and February 26, 2011.