Segments

9 Months Ended

Nov. 01, 2025

Segment Reporting [Abstract]

Segments

Segments

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

	Three Months Ended				Nine Months Ended
	November 1, 2025		November 2, 2024		November 1, 2025		November 2, 2024
Domestic:
Computing and Mobile Phones	$	4,368	$	4,065	$	12,090	$	11,445
Consumer Electronics	2,351		2,425		6,939		7,267
Appliances	965		1,057		3,040		3,324
Entertainment	543		479		1,673		1,497
Services	591		601		1,751		1,769
Other	60		70		210		221
Total Domestic revenue	$	8,878	$	8,697	$	25,703	$	25,523
International:
Computing and Mobile Phones	$	420	$	386	$	1,090	$	1,012
Consumer Electronics	202		194		573		553
Appliances	64		67		201		213
Entertainment	54		47		164		132
Services	47		47		123		124
Other	7		7		23		23
Total International revenue	794		748		2,174		2,057
Total revenue	$	9,672	$	9,445	$	27,877	$	27,580

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

	Three Months Ended
	November 1, 2025						November 2, 2024
	Domestic (1)		International		Total		Domestic (1)		International		Total
Revenue	$	8,878	$	794	$	9,672	$	8,697	$	748	$	9,445
Cost of sales	6,811		613		7,424		6,648		580		7,228
Adjusted SG&A (2)	1,707		153		1,860		1,711		155		1,866
Adjusted operating income	$	360	$	28	388		$	338	$	13	351
Restructuring charges					(5)						(4)
Goodwill and intangible asset impairments					171						-
Intangible asset amortization					3						5
Long-lived asset impairment					21						-
Operating income					198						350
Other income (expense):
Investment income and other					19						19
Interest expense					(12)						(13)
Earnings before income tax expense and equity in income (loss) of affiliates					$	205					$	356

(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 and non-cash impairments of certain long-lived assets.

	Nine Months Ended
	November 1, 2025						November 2, 2024
	Domestic (1)		International		Total		Domestic (1)		International		Total
Revenue	$	25,703	$	2,174	$	27,877	$	25,523	$	2,057	$	27,580
Cost of sales	19,695		1,691		21,386		19,530		1,583		21,113
Adjusted SG&A (2)	4,968		433		5,401		4,966		436		5,402
Adjusted operating income	$	1,040	$	50	1,090		$	1,027	$	38	1,065
Restructuring charges					218						4
Goodwill and intangible asset impairments					171						-
Intangible asset amortization					12						16
Long-lived asset impairment					21						-
Operating income					668						1,045
Other income (expense):
Loss on disposal of subsidiaries					(4)						-
Investment income and other					52						65
Interest expense					(36)						(38)
Earnings before income tax expense and equity in income (loss) of affiliates					$	680					$	1,072

(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 and non-cash impairments of certain long-lived assets.

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

	Three Months Ended				Nine Months Ended
	November 1, 2025		November 2, 2024		November 1, 2025		November 2, 2024
Capital expenditures
Domestic	$	158	$	174	$	469	$	472
International	30		19		60		56
Total capital expenditures	$	188	$	193	$	529	$	528
Depreciation and amortization
Domestic	$	196	$	202	$	598	$	619
International	10		11		30		31
Total depreciation and amortization	$	206	$	213	$	628	$	650

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

	November 1, 2025		February 1, 2025		November 2, 2024
Domestic	$	15,219	$	13,567	$	15,551
International	1,567		1,215		1,467
Total assets	$	16,786	$	14,782	$	17,018