Discontinued Operations Discontinued Operations (Tables)

6 Months Ended

Aug. 02, 2014

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

The aggregate financial results of all discontinued operations for the three and six months ended August 2, 2014 and August 3, 2013, respectively, were as follows ($ in millions):



	Three Months Ended						Six Months Ended
	August 2, 2014			August 3, 2013			August 2, 2014			August 3, 2013
Revenue	$	—		$	1,287		$	—		$	2,750

Restructuring charges⁽¹⁾	—			47			—			100

Loss from discontinued operations before income tax benefit	—			(51		)	—			(235		)
Income tax benefit⁽²⁾	—			38			—			24
Gain on sale of discontinued operations	2			24			2			52
Income tax expense on sale	(1		)	—			(1		)	—
Net gain (loss) from discontinued operations, including noncontrolling interests	1			11			1			(159		)
Net loss from discontinued operations attributable to noncontrolling interests	—			18			—			10
Net gain (loss) from discontinued operations attributable to Best Buy Co., Inc. shareholders	$	1		$	29		$	1		$	(149	)


(1)	See Note 5, Restructuring Charges, for further discussion of the restructuring charges associated with discontinued operations.

(2)

Income tax benefit for the three months ended August 3, 2013 includes a $27 million benefit related to a tax allocation between continuing and discontinued operations. The effective tax rate for discontinued operations for the three and six months ended August 3, 2013 differs from the statutory tax rate primarily due to the previously mentioned tax allocation, restructuring charges and the $175 million impairment of our investment in Best Buy Europe, which generally included no related tax benefit. The deferred tax assets related to the restructuring charges generally resulted in an increase in the valuation allowance in an equal amount, while the investment impairment is not tax deductible.

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References+ Details