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Goodwill and Intangible Assets
6 Months Ended
Aug. 02, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill

Goodwill balances by segment were as follows ($ in millions):
August 2, 2025February 1, 2025August 3, 2024
Gross Carrying AmountCumulative ImpairmentGross Carrying AmountCumulative ImpairmentGross Carrying AmountCumulative Impairment
Domestic$1,450$(542)$1,450$(542)$1,450$(67)
International608(608)608(608)608(608)
Total$2,058$(1,150)$2,058$(1,150)$2,058$(675)
In fiscal 2025, we recorded a goodwill impairment of $475 million within the Domestic segment for the Best Buy Health reporting unit. The restructuring activity that commenced in the first quarter of fiscal 2026 was a triggering event to evaluate the Best Buy Health reporting unit for impairment. No further goodwill impairment was identified. Refer to Note 2, Restructuring, for additional information.

Indefinite-Lived Intangible Assets

In the second quarter of fiscal 2026, we recorded a full impairment of $16 million related to our only remaining indefinite-lived intangible asset as a result of restructuring activity that commenced in the second quarter of fiscal 2026. Refer to Note 2, Restructuring, for additional information.

Definite-Lived Intangible Assets

We have definite-lived intangible assets recorded within Other assets on our Condensed Consolidated Balance Sheets as follows ($ in millions):
August 2, 2025February 1, 2025August 3, 2024Weighted-Average Useful Life Remaining
as of August 2, 2025
(in years)
Gross Carrying
Amount(1)
Accumulated
Amortization(1)
Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Customer relationships$339$284$360$285$360$2808.0
Tradenames8778927992751.2
Developed technology565664616460-
Total$482$418$516$425$516$4157.0
(1)Gross carrying amount and accumulated amortization as of August 2, 2025, excludes $34 million and $16 million, respectively, of definite-lived intangible assets related to the exit of a component of our Best Buy Health business. See Note 2, Restructuring, for additional information.

Amortization expense included in Selling, general and administrative expenses ("SG&A") on our Condensed Consolidated Statements of Earnings was as follows ($ in millions):
Three Months EndedSix Months Ended
August 2, 2025August 3, 2024August 2, 2025August 3, 2024
Amortization expense$$$9$11
Amortization expense expected to be recognized in future periods is as follows ($ in millions):
Amortization Expense
Remainder of fiscal 2026$7
Fiscal 202713
Fiscal 20288
Fiscal 20297
Fiscal 20306
Fiscal 20315
Thereafter18