XML 36 R20.htm IDEA: XBRL DOCUMENT v3.19.1
Segments
3 Months Ended
May 04, 2019
Segment [Abstract]  
Segments

12.   Segments



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 states, districts and territories of the U.S., including GreatCall) and International (which is comprised of all operations in Canada and Mexico). Our CODM has ultimate responsibility for enterprise decisions. Our CODM determines, in particular, resource allocation for, and monitors the 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 Domestic and GreatCall operating segments into one Domestic reportable segment. We also aggregate our Canada and Mexico businesses into one International operating segment, which represents the International reportable segment. The accounting policies of the segments are the same.



Revenue by reportable segment and product category were as follows for the three months ended May 4, 2019, and May 5, 2018 ($ in millions):



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

Three Months Ended



 

 

 

 

May 4, 2019

 

May 5, 2018

Revenue by reportable segment

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

 

 

 

$

8,481 

 

 

$

8,412 

 

International

 

 

 

 

 

661 

 

 

 

697 

 

Total revenue

 

 

 

 

$

9,142 

 

 

$

9,109 

 



 

 

 

 

 

 

 

 

 

 

 

Revenue by product category (1)

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

 

 

 

 

 

 

 

 

 

 

Computing and Mobile Phones

 

 

 

 

$

3,851 

 

 

$

3,899 

 

Consumer Electronics

 

 

 

 

 

2,662 

 

 

 

2,655 

 

Appliances

 

 

 

 

 

961 

 

 

 

883 

 

Entertainment

 

 

 

 

 

473 

 

 

 

548 

 

Services

 

 

 

 

 

497 

 

 

 

393 

 

Other

 

 

 

 

 

37 

 

 

 

34 

 

Total Domestic revenue

 

 

 

 

$

8,481 

 

 

$

8,412 

 

International

 

 

 

 

 

 

 

 

 

 

 

Computing and Mobile Phones

 

 

 

 

$

305 

 

 

$

331 

 

Consumer Electronics

 

 

 

 

 

203 

 

 

 

206 

 

Appliances

 

 

 

 

 

59 

 

 

 

61 

 

Entertainment

 

 

 

 

 

36 

 

 

 

43 

 

Services

 

 

 

 

 

43 

 

 

 

39 

 

Other

 

 

 

 

 

15 

 

 

 

17 

 

Total International revenue

 

 

 

 

$

661 

 

 

$

697 

 



(1)Refer to our Annual Report on Form 10-K for the fiscal year ended February 2, 2019, for additional information regarding the key components of each revenue category.



Operating income (loss) by reportable segment and the reconciliation to earnings before income tax expense were as follows for the three months ended May 4, 2019, and May 5, 2018 ($ in millions):







 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

Three Months Ended



 

 

 

 

May 4, 2019

 

May 5, 2018

Domestic

 

 

 

 

$

332 

 

 

$

267 

 

International

 

 

 

 

 

 

 

 

(2)

 

Total operating income

 

 

 

 

 

334 

 

 

 

265 

 

Other income (expense):

 

 

 

 

 

 

 

 

 

 

 

Investment income and other

 

 

 

 

 

14 

 

 

 

11 

 

Interest expense

 

 

 

 

 

(18)

 

 

 

(19)

 

Earnings before income tax expense

 

 

 

 

$

330 

 

 

$

257 

 



Assets by reportable segment were as follows as of May 4, 2019, February 2, 2019, and May 5, 2018 ($ in millions):



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



May 4, 2019

 

February 2, 2019

 

May 5, 2018

Domestic

$

13,332 

 

 

$

11,908 

 

 

$

10,955 

 

International

 

1,218 

 

 

 

993 

 

 

 

1,127 

 

Total assets

$

14,550 

 

 

$

12,901 

 

 

$

12,082