XML 87 R21.htm IDEA: XBRL DOCUMENT v3.19.2
Segments
6 Months Ended
Aug. 03, 2019
Segment [Abstract]  
Segments 13. 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 was as follows ($ in millions):

Three Months Ended

Six Months Ended

August 3, 2019

August 4, 2018

August 3, 2019

August 4, 2018

Revenue by reportable segment

Domestic

$

8,821 

$

8,639 

$

17,302 

$

17,051 

International

715 

740 

1,376 

1,437 

Total revenue

$

9,536 

$

9,379 

$

18,678 

$

18,488 

Revenue by product category (1)

Domestic

Computing and Mobile Phones

$

3,917 

$

3,923 

$

7,768 

$

7,822 

Consumer Electronics

2,780 

2,770 

5,442 

5,426 

Appliances

1,138 

1,013 

2,099 

1,895 

Entertainment

439 

512 

912 

1,059 

Services

510 

384 

1,008 

777 

Other

37 

37 

73 

72 

Total Domestic revenue

$

8,821 

$

8,639 

$

17,302 

$

17,051 

International

Computing and Mobile Phones

$

308 

$

335 

$

613 

$

666 

Consumer Electronics

231 

217 

434 

423 

Appliances

83 

86 

142 

147 

Entertainment

36 

43 

72 

85 

Services

45 

41 

88 

81 

Other

12 

18 

27 

35 

Total International revenue

$

715 

$

740 

$

1,376 

$

1,437 

(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 by reportable segment and the reconciliation to earnings before income tax expense was as follows ($ in millions):

Three Months Ended

Six Months Ended

August 3, 2019

August 4, 2018

August 3, 2019

August 4, 2018

Domestic

$

309 

$

329 

$

641 

$

596 

International

4 

6 

6 

4 

Total operating income

313 

335 

647 

600 

Other income (expense):

Investment income and other

10 

13 

24 

24 

Interest expense

(16)

(19)

(34)

(38)

Earnings before income tax expense

$

307 

$

329 

$

637 

$

586 

Assets by reportable segment were as follows ($ in millions):

August 3, 2019

February 2, 2019

August 4, 2018

Domestic

$

13,714 

$

11,908 

$

10,912 

International

1,264 

993 

1,081 

Total assets

$

14,978 

$

12,901 

$

11,993