Segments (Tables)

6 Months Ended

Aug. 02, 2025

Segment Reporting [Abstract]

Schedule of Revenue by Reportable Segment and Product Category

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

Schedule of Operating Income by Reportable Segment and Reconciliation to Earnings Before Income Tax Expense

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.

Schedule of Other Information by Segment Information

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