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Shareholders' Equity (Tables)
 12 Months Ended
Jan. 28, 2017
Equity [Abstract]  
Schedule of Nonvested Performance-based Units Activity [Table Text Block]
A summary of the status of our nonvested performance-based share awards at January 28, 2017, and changes during fiscal 2017, is as follows:
Performance-Based Share Awards
 
Shares
 
Weighted-Average Fair Value per Share
Outstanding at January 30, 2016
 
—

 
$
—

Granted
 
513,000

 
$
29.08

Forfeited/Canceled
 
(75,000
)
 
$
29.66

Outstanding at January 28, 2017
 
438,000

 
$
28.98
Stock-based compensation expense
Stock-based compensation expense was as follows in fiscal 2017, 2016 and 2015 ($ in millions):
 
2017
 
2016
 
2015
Stock options
$
9

 
$
15

 
$
17

Share awards
 
 
 
 
 
Market-based
15

 
16

 
10

Performance-based
6

 
—

 
—

Time-based
78

 
73

 
60

Total
$
108

 
$
104

 
$
87
Stock option activity
Stock option activity was as follows in fiscal 2017:
 
Stock
Options
 
Weighted-Average Exercise Price per Share
 
Weighted-Average Remaining Contractual Term
(in years)
 
Aggregate
Intrinsic Value
(in millions)
Outstanding at January 30, 2016
14,242,000

 
$
36.51

 
 
 
 

Granted
224,000

 
$
31.79

 
 
 
 

Exercised
(5,273,000
)
 
$
31.29

 
 
 
 

Forfeited/Canceled
(2,206,000
)
 
$
48.13

 
 
 
 

Outstanding at January 28, 2017
6,987,000

 
$
36.61

 
4.3
 
$
54

Vested or expected to vest at January 28, 2017
6,987,000

 
$
36.61

 
4.3
 
$
54

Exercisable at January 28, 2017
5,858,000

 
$
36.63

 
3.5
 
$
46
Assumption used to estimate the fair value of stock option on the date of grant using a lattice or Black Scholes model
In fiscal 2017, 2016 and 2015, we estimated the fair value of each stock option on the date of grant using a lattice or Black Scholes valuation model (for certain individuals) with the following assumptions:
Valuation Assumptions(1)
 
2017
 
2016
 
2015
Risk-free interest rate(2)
 
0.5% – 2.0%

 
0.1% – 2.1%

 
0.1% – 2.4%

Expected dividend yield
 
3.5
%
 
2.3
%
 
2.5
%
Expected stock price volatility(3)
 
37
%
 
37
%
 
40
%
Expected life of stock options (in years)(4)
 
6.0

 
6.0

 
6.0


(1)
Forfeitures are estimated using historical experience and projected employee turnover.
(2)
Based on the U.S. Treasury constant maturity interest rate whose term is consistent with the expected life of our stock options.
(3)
In projecting expected stock price volatility, we consider both the historical volatility of our stock price as well as implied volatilities from exchange-traded options on our stock.
(4)
We estimate the expected life of stock options based upon historical experience.
Summary of the status of nonvested market-based share awards
A summary of the status of our nonvested market-based share awards at January 28, 2017, and changes during fiscal 2017, is as follows:
Market-Based Share Awards
 
Shares
 
Weighted-Average Fair Value per Share
Outstanding at January 30, 2016
 
1,462,000

 
$
32.33

Granted
 
1,088,000

 
$
29.52

Vested
 
(781,000
)
 
$
26.84

Forfeited/Canceled
 
(217,000
)
 
$
33.27

Outstanding at January 28, 2017
 
1,552,000

 
$
32.99
Summary of the status of nonvested time-based share awards
A summary of the status of our nonvested time-based share awards at January 28, 2017, and changes during fiscal 2017, is as follows:
Time-Based Share Awards
 
Shares
 
Weighted-Average Fair Value per Share
Outstanding at January 30, 2016
 
5,103,000

 
$
31.89

Granted
 
2,979,000

 
$
30.68

Vested
 
(2,202,000
)
 
$
30.83

Forfeited/Canceled
 
(515,000
)
 
$
32.76

Outstanding at January 28, 2017
 
5,365,000

 
$
31.57
Summary of stock options outstanding
At January 28, 2017, options to purchase 7.0 million shares of common stock were outstanding as follows (shares in millions):
 
Exercisable
 
Unexercisable
 
Total
 
Shares
 
%
 
Weighted-
Average Price
per Share
 
Shares
 
%
 
Weighted-
Average Price
per Share
 
Shares
 
%
 
Weighted-
Average Price
per Share
In-the-money
2.3

 
39
%
 
$
26.38

 
0.5

 
45
%
 
$
30.84

 
2.8

 
40
%
 
$
27.13

Out-of-the-money
3.6

 
61
%
 
$
43.45

 
0.6

 
55
%
 
$
40.66

 
4.2

 
60
%
 
$
43.01

Total
5.9

 
100
%
 
$
36.64

 
1.1

 
100
%
 
$
36.54

 
7.0

 
100
%
 
$
36.61
Reconciliation of the numerators and denominators of basic and diluted earnings per share
The following table presents a reconciliation of the numerators and denominators of basic and diluted earnings per share from continuing operations attributable to Best Buy Co., Inc. in fiscal 2017, 2016 and 2015 ($ and shares in millions, except per share amounts):
 
2017
 
2016
 
2015
Numerator (in millions):
 
 
 
 
 
Net earnings from continuing operations attributable to Best Buy Co., Inc., shareholders
$
1,207

 
$
807

 
$
1,246

Denominator (in millions):
 
 
 
 
 
Weighted-average common shares outstanding
318.5

 
346.5

 
349.5

Effect of potentially dilutive securities:
 
 
 
 
 
Stock options and other
4.1

 
4.2

 
4.1

Weighted-average common shares outstanding, assuming dilution
322.6

 
350.7

 
353.6

Net earnings per share from continuing operations attributable to Best Buy Co., Inc. shareholders
 
 
 
 
 
Basic
$
3.79

 
$
2.33

 
$
3.57

Diluted
$
3.74

 
$
2.30

 
$
3.53
Repurchases of common stock
The following table presents information regarding the shares we repurchased and retired in fiscal 2017 and 2016, noting that we had no repurchases and retirements in fiscal 2015 ($ and shares in millions, except per share amounts):
 
2017
 
2016
Total cost of shares repurchased
 
 
 
Open market(1)
$
706

 
$
880

January 2016 ASR
45

 
120

     Total
$
751

 
$
1,000

 
 
 
 
Average price per share
 
 
 
Open market
$
36.11

 
$
31.03

January 2016 ASR
$
28.55

 
$
27.28

     Average
$
35.54

 
$
30.53

 
 
 
 
Number of shares repurchased and retired
 
 
 
Open market(1)
19.5

 
28.4
January 2016 ASR
1.6

 
4.4
     Total
21.1

 
32.8

(1)
As of January 28, 2017, $8 million, or 0.1 million shares, in trades remained unsettled. The liability for unsettled trades is included in accrued liabilities in the Consolidated Balance Sheets.
Components of accumulated other comprehensive income, net of tax
The following table provides a reconciliation of the components of accumulated other comprehensive income, net of tax, attributable to Best Buy Co., Inc. shareholders for fiscal 2017, 2016, and 2015, respectively ($ in millions):
 
Foreign Currency Translation
 
Available-For-Sale Investments(1)
 
Total
Balances at February 1, 2014
$
485

 
$
7

 
$
492

Foreign currency translation adjustments
(103
)
 
—

 
(103
)
Unrealized gains on available-for-sale investments
—

 
(3
)
 
(3
)
Reclassification of losses on available-for-sale investments into earnings
—

 
(4
)
 
(4
)
Balances at January 31, 2015
382

 
—

 
382

Foreign currency translation adjustments
(44
)
 
—

 
(44
)
Reclassification of foreign currency translation adjustments into earnings due to sale of business
(67
)
 
—

 
(67
)
Balances at January 30, 2016
271

 
—

 
271

Foreign currency translation adjustments
10

 
—

 
10

Reclassification of foreign currency translation adjustments into earnings
(2
)
 
—

 
(2
)
Balances at January 28, 2017
$
279

 
$
—

 
$
279


(1)
There were no material tax impacts to gains or losses on available-for-sale investments in the periods presented.