XML 69 R35.htm IDEA: XBRL DOCUMENT v2.4.0.6
Debt (Tables)
11 Months Ended
Feb. 02, 2013
Debt Disclosure [Abstract]  
Short-term Debt
Short-term debt consisted of the following ($ in millions):
 
February 2, 2013
 
March 3, 2012
 
Principal
Balance
 
Interest
Rate
 
Principal
Balance
 
Interest
Rate
U.S. revolving credit facility – 364-day
$

 
%
 
$

 
%
U.S. revolving credit facility – 5-year

 
%
 

 
%
Europe revolving credit facility(1)
596

 
2.0
%
 
480

 
2.4
%
Canada revolving demand facility

 
%
 

 
%
China revolving demand facilities

 
%
 

 
%
Total short-term debt
$
596

 
 

 
$
480

 
 

(1)
Short-term debt associated with the Europe revolving credit facility is related to our Best Buy Europe operations. We have entered into an agreement to sell our 50% ownership interest in Best Buy Europe, as described in Note 4, Discontinued Operations.
 
 
 
11-Month
 
12-Month
Fiscal Year
 
2013
 
2012
Maximum month-end amount outstanding during the year
 
$
596

 
$
480

Average amount outstanding during the year
 
$
477

 
$
337

Weighted-average interest rate at year-end
 
2.0
%
 
2.4
%
Schedule of long-term debt
Long-term debt consisted of the following ($ in millions):
 
February 2, 2013
 
March 3, 2012
2013 Notes
$
500

 
$
500

2016 Notes
349

 
349

2021 Notes
648

 
648

Financing lease obligations, due 2014 to 2019, interest rates ranging from 3.0% to 8.1%
122

 
149

Capital lease obligations, due 2014 to 2036, interest rates ranging from 2.1% to 8.3%
80

 
81

Other debt, due 2018 to 2022, interest rates ranging from 3.8% to 6.7%
1

 
1

Total long-term debt
$
1,700

 
$
1,728

Less: current portion(1)
(547
)
 
(43
)
Total long-term debt, less current portion
$
1,153

 
$
1,685

(1)
Our 2013 Notes due July 15, 2013, are classified in the current portion of long-term debt as of February 2, 2013.

Schedule of future maturities of long-term debt, including capitalized leases
At February 2, 2013, the future maturities of long-term debt, including capitalized leases, consisted of the following ($ in millions):
Fiscal Year
 
 
2014
 
$
547

2015
 
45

2016
 
35

2017
 
370

2018
 
15

Thereafter
 
688

Total long-term debt
 
$
1,700