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Restructuring (Tables)
 9 Months Ended
Nov. 01, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Composition of Restructuring Charges
Restructuring charges were as follows ($ in millions):
Three Months EndedNine Months Ended
November 1, 2025November 2, 2024November 1, 2025November 2, 2024
Fiscal 2026 Labor and Store Optimization Initiative$(1)$—$121$—
Best Buy Health Optimization and China Sourcing Initiative(3)—102—
Fiscal 2024 Restructuring Initiative(1)(4)(5)6
Fiscal 2023 Resource Optimization Initiative———(2)
Total$(5)$(4)$218$4
The composition of restructuring charges incurred related to this initiative were as follows ($ in millions):
Three Months EndedNine Months Ended
November 1, 2025November 1, 2025
DomesticInternationalTotalDomesticInternationalTotal
Termination benefits$(1)$—$(1)$77$3$80
Asset impairments(1)
———41—41
Total$(1)$—$(1)$118$3$121
(1)Represents asset impairments primarily related to planned store closures, including an impairment related to an indefinite-lived tradename. See Note 3, Goodwill and Intangible Assets, for additional information. The remaining carrying value of net assets approximates fair value and was immaterial as of November 1, 2025.
The composition of restructuring charges incurred related to this initiative were as follows ($ in millions):
Three Months EndedNine Months Ended
November 1, 2025November 1, 2025
Asset impairments and other costs(1)
$-$70
Termination benefits(3)32
Total$(3)$102
(1)Primarily represents the full impairment of net assets related to a component of our Best Buy Health business and other exit costs. The remaining carrying value of net assets approximates fair value and was immaterial as of November 1, 2025.
All charges incurred related to this initiative were comprised of employee termination benefits from continuing operations and were presented within Restructuring charges on our Condensed Consolidated Statements of Earnings as follows ($ in millions):
Three Months EndedNine Months EndedCumulative Amount as of
November 1, 2025November 2, 2024November 1, 2025November 2, 2024November 1, 2025
Domestic$(1)$(4)$(5)$6$161
International----8
Total$(1)$(4)$(5)$6$169
Schedule of Restructuring Accrual Activity
Restructuring accrual activity related to this initiative was as follows ($ in millions):
Termination Benefits
DomesticInternationalTotal
Balances at February 1, 2025$-$-$-
Charges78381
Cash payments(17)-(17)
Adjustments(1)
(1)-(1)
Balances at November 1, 2025$60$3$63
(1)Represents adjustments primarily related to higher-than-expected employee retention from previously planned organizational changes.
Restructuring accrual activity related to this initiative was as follows ($ in millions):
Termination BenefitsAsset Impairments and Other CostsTotal
Balances at February 1, 2025$—$—$—
Charges382866
Cash payments(17)(27)(44)
Adjustments(1)
(6)(1)(7)
Balances at November 1, 2025$15$—$15
(1)Primarily represents adjustments for termination benefits primarily related to higher-than-expected employee retention from previously planned organizational changes.
Restructuring accrual activity related to this initiative was as follows ($ in millions):
Termination Benefits
DomesticInternationalTotal
Balances at February 1, 2025$80$5$85
Cash payments(21)(3)(24)
Adjustments(1)
(5)-(5)
Balances at November 1, 2025$54$2$56
(1)Represents adjustments primarily related to higher-than-expected employee retention from previously planned organizational changes.