Segments

6 Months Ended

Aug. 02, 2025

Segment Reporting [Abstract]

Segments

Segments

Segment and category revenue information was as follows ($ in millions):

	Three Months Ended				Six Months Ended
	August 2, 2025		August 3, 2024		August 2, 2025		August 3, 2024
Domestic:
Computing and Mobile Phones	$	3,930	$	3,792	$	7,722	$	7,380
Consumer Electronics	2,351		2,478		4,588		4,842
Appliances	1,074		1,177		2,075		2,267
Entertainment	681		498		1,130		1,018
Services	581		590		1,160		1,168
Other	81		88		150		151
Total Domestic revenue	$	8,698	$	8,623	$	16,825	$	16,826
International:
Computing and Mobile Phones	$	346	$	308	$	670	$	626
Consumer Electronics	198		186		371		359
Appliances	80		86		137		146
Entertainment	68		39		110		85
Services	39		38		76		77
Other	9		8		16		16
Total International revenue	740		665		1,380		1,309
Total revenue	$	9,438	$	9,288	$	18,205	$	18,135

Adjusted operating income by segment and the reconciliation to consolidated earnings before income tax expense and equity in income of affiliates were as follows ($ in millions):

	Three Months Ended
	August 2, 2025						August 3, 2024
	Domestic (1)		International		Total		Domestic (1)		International		Total
Revenue	$	8,698	$	740	$	9,438	$	8,623	$	665	$	9,288
Cost of sales	6,665		579		7,244		6,596		506		7,102
Adjusted SG&A (2)	1,682		143		1,825		1,663		142		1,805
Adjusted operating income	$	351	$	18	369		$	364	$	17	381
Restructuring charges					114						(7)
Intangible asset amortization					4						5
Operating income					251						383
Other income (expense):
Loss on disposal of subsidiaries					(4)						-
Investment income and other					18						21
Interest expense					(12)						(13)
Earnings before income tax expense and equity in income of affiliates					$	253					$	391

(1)Domestic segment adjusted operating income includes certain operations that are based in foreign tax jurisdictions and primarily relate to sourcing products into the U.S.

(2)Adjusted SG&A excludes amortization of definite-lived intangible assets associated with acquisitions.

	Six Months Ended
	August 2, 2025						August 3, 2024
	Domestic (1)		International		Total		Domestic (1)		International		Total
Revenue	$	16,825	$	1,380	$	18,205	$	16,826	$	1,309	$	18,135
Cost of sales	12,884		1,078		13,962		12,882		1,003		13,885
Adjusted SG&A (2)	3,261		280		3,541		3,255		281		3,536
Adjusted operating income	$	680	$	22	702		$	689	$	25	714
Restructuring charges					223						8
Intangible asset amortization					9						11
Operating income					470						695
Other income (expense):
Loss on disposal of subsidiaries					(4)						-
Investment income and other					33						46
Interest expense					(24)						(25)
Earnings before income tax expense and equity in income of affiliates					$	475					$	716

(1)Domestic segment adjusted operating income includes certain operations that are based in foreign tax jurisdictions and primarily relate to sourcing products into the U.S.

(2)Adjusted SG&A excludes amortization of definite-lived intangible assets associated with acquisitions.

Other expense and cash flow information by segment was as follows ($ in millions):

	Three Months Ended				Six Months Ended
	August 2, 2025		August 3, 2024		August 2, 2025		August 3, 2024
Capital expenditures
Domestic	$	161	$	160	$	311	$	298
International	14		23		30		37
Total capital expenditures	$	175	$	183	$	341	$	335
Depreciation and amortization
Domestic	$	201	$	208	$	402	$	417
International	10		10		20		20
Total depreciation and amortization	$	211	$	218	$	422	$	437

Asset information by segment was as follows ($ in millions):

	August 2, 2025		February 1, 2025		August 3, 2024
Domestic	$	13,926	$	13,567	$	14,471
International	1,327		1,215		1,153
Total assets	$	15,253	$	14,782	$	15,624