Restructuring (Tables)

12 Months Ended

Jan. 31, 2026

Restructuring and Related Activities [Abstract]

Schedule of Composition of Restructuring Charges

Restructuring charges were as follows ($ in millions):

	2026		2025		2024
Fiscal 2026 Labor and Store Optimization Initiative	$	117	$	-	$	-
Best Buy Health Optimization and China Sourcing Initiative	101		-		-
Fiscal 2024 Restructuring Initiative	(28)		3		171
Fiscal 2023 Resource Optimization Initiative	-		(6)		(18)
Total	$	190	$	(3)	$	153

The composition of restructuring charges incurred related to this initiative were as follows ($ in millions):

	2026
	Domestic		International		Total
Termination benefits	$	68	$	3	$	71
Asset impairments and other costs(1)	46		-		46
Total	$	114	$	3	$	117

(1)Primarily represents asset impairments related to planned store closures, an impairment related to an indefinite-lived tradename and other exit costs. 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 January 31, 2026.

The composition of restructuring charges incurred related to this initiative were as follows ($ in millions):

	2026
Asset impairments and other costs(1)	$	71
Termination benefits	30
Total	$	101

(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 January 31, 2026.

All charges incurred related to this initiative were comprised of employee termination benefits from continuing operations and were presented within Restructuring charges on our Consolidated Statements of Earnings as follows ($ in millions):

	2026		2025		2024		Cumulative Amount as of January 31, 2026
Domestic	$	(26)	$	3	$	163	$	140
International	(2)		-		8		6
Total	$	(28)	$	3	$	171	$	146

Schedule of Restructuring Accrual Activity

Restructuring accrual activity related to this initiative was as follows ($ in millions):

	Termination Benefits
	Domestic		International		Total
Balances at February 1, 2025	$	-	$	-	$	-
Charges	78		3		81
Cash payments	(26)		-		(26)
Adjustments(1)	(10)		-		(10)
Balances at January 31, 2026	$	42	$	3	$	45

(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 Benefits		Asset Impairments and Other Costs		Total
Balances at February 1, 2025	$	-	$	-	$	-
Charges	38		28		66
Cash payments	(20)		(27)		(47)
Adjustments(1)	(8)		(1)		(9)
Balances at January 31, 2026	$	10	$	-	$	10

(1)Primarily represents adjustments for termination benefits related to higher-than-expected employee retention from previously planned organizational changes.

Restructuring accrual activity related to this initiative was as follows ($ in millions):

	Domestic		International		Total
Balances at February 3, 2024	$	163	$	8	$	171
Charges	18		2		20
Cash payments	(86)		(3)		(89)
Adjustments(1)	(15)		(2)		(17)
Balances at February 1, 2025	80		5		85
Cash payments	(23)		(3)		(26)
Adjustments(1)	(26)		(2)		(28)
Balances at January 31, 2026	$	31	$	-	$	31

(1)Represents adjustments primarily related to higher-than-expected employee retention from previously planned organizational changes.