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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Aug. 01, 2015
Jan. 31, 2015
Aug. 02, 2014
Current assets      
Cash and cash equivalents $ 1,800 $ 2,432 $ 2,141
Short-term investments 1,695 1,456 939
Receivables, net 1,025 1,280 1,005
Merchandise inventories 4,995 5,174 5,583
Other current assets 730 703 943
Current assets held for sale 0 684 0
Total current assets 10,245 11,729 10,611
Property and equipment, net 2,235 2,295 2,532
Goodwill 425 425 425
Intangibles, net 18 57 100
Other assets 610 583 681
Non-current assets held for sale 33 167 0
Total assets 13,566 15,256 14,349
Current liabilities      
Accounts payable 4,680 5,030 5,244
Unredeemed gift card liabilities 371 411 371
Deferred revenue 316 326 442
Accrued compensation and related expenses 285 372 287
Accrued liabilities 778 782 796
Accrued income taxes 26 230 68
Current portion of long-term debt 382 [1] 41 43
Current liabilities held for sale 0 585 0
Total current liabilities 6,838 7,777 7,251
Long-term liabilities 879 881 976
Long-term debt 1,227 1,580 1,592
Long-term liabilities held for sale 0 18 0
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 — 344,258,000, 351,468,000 and 349,548,000 shares, respectively 34 35 35
Additional paid-in capital 198 437 348
Retained earnings 4,092 4,141 3,649
Accumulated other comprehensive income 298 382 494
Total Best Buy Co., Inc. shareholders’ equity 4,622 4,995 4,526
Noncontrolling interests 0 5 4
Total equity 4,622 5,000 4,530
Total liabilities and equity $ 13,566 $ 15,256 $ 14,349
[1] Our 2016 Notes due March 15, 2016, are classified in the current portion of long-term debt as of August 1, 2015.