Segments and Geographic Information

12 Months Ended

Jan. 30, 2016

Segment Reporting [Abstract]

Segment and Geographic Information

Segment and Geographic Information

Segment Information

Our chief operating decision maker ("CODM") is our Chief Executive Officer. Our business is organized into two reportable segments: Domestic (which is comprised of all operations within the U.S. and its territories) and International (which is comprised of all operations outside the U.S. and its districts and territories). Our CODM has ultimate responsibility for enterprise decisions. Our CODM determines, in particular, resource allocation for, and monitors performance of, the consolidated enterprise, the Domestic segment and the International segment. The Domestic segment managers and International segment managers have responsibility for operating decisions, allocating resources and assessing performance within their respective segments. Our CODM relies on internal management reporting that analyzes enterprise results to the net earnings level and segment results to the operating income level.

We aggregate our Canada and Mexico businesses into one International operating segment. Our Domestic and International operating segments also represent our reportable segments. The accounting policies of the segments are the same as those described in Note 1, Summary of Significant Accounting Policies.

The following tables present our business segment information in fiscal 2016, 2015 and 2014 ($ in millions):

	2016			2015			2014
Revenue
Domestic	$	36,365		$	36,055		$	35,831
International	3,163			4,284			4,780
Total revenue	$	39,528		$	40,339		$	40,611
Percentage of revenue, by revenue category
Domestic:
Consumer Electronics	32		%	31		%	30		%
Computing and Mobile Phones	46		%	47		%	48		%
Entertainment	8		%	9		%	8		%
Appliances	8		%	7		%	7		%
Services	5		%	5		%	6		%
Other	1		%	1		%	1		%
Total	100		%	100		%	100		%
International:
Consumer Electronics	31		%	30		%	29		%
Computing and Mobile Phones	48		%	49		%	50		%
Entertainment	9		%	9		%	10		%
Appliances	5		%	5		%	5		%
Services	6		%	6		%	6		%
Other	1		%	1		%	< 1%
Total	100		%	100		%	100		%
Operating income (loss)
Domestic	$	1,585		$	1,437		$	1,145
International	(210		)	13			(1		)
Total operating income	1,375			1,450			1,144
Other income (expense)
Gain on sale of investments	2			13			20
Investment income and other	13			14			19
Interest expense	(80		)	(90		)	(100		)
Earnings from continuing operations before income tax expense	$	1,310		$	1,387		$	1,083
Assets(1)(2)
Domestic	$	12,318		$	12,987		$	11,123
International	1,201			2,258			2,867
Total assets	$	13,519		$	15,245		$	13,990
Capital expenditures(2)
Domestic	$	602		$	519		$	440
International	47			42			107
Total capital expenditures	$	649		$	561		$	547
Depreciation(2)
Domestic	$	613		$	575		$	565
International	44			81			136
Total depreciation	$	657		$	656		$	701

(1) For fiscal 2015 and 2014, assets are recast to present our retrospective adoption of ASU 2015-17 Balance Sheet Classification of Deferred Taxes, ASU 2015-03 Simplifying the Presentation of Debt Issuance Costs, and ASU 2015-15 Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements. Refer to Note 1, Summary of Significant Accounting Policies, of the Notes to Consolidated Financial Statements, included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K for further information about our credit facilities.

(2) For fiscal 2015 and 2014, the International segment amounts for assets, capital expenditures and depreciation include amounts from Five Star.

Geographic Information

The following table presents our geographic information in fiscal 2016, 2015 and 2014 ($ in millions):

	2016		2015		2014
Net sales to customers
United States	$	36,365	$	36,055	$	35,831
Canada	2,917		4,047		4,522
Other	246		237		258
Total revenue	$	39,528	$	40,339	$	40,611
Long-lived assets
United States	$	2,189	$	2,100	$	2,190
Canada	140		174		244
China	—		—		139
Other	17		21		25
Total long-lived assets	$	2,346	$	2,295	$	2,598