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Quarterly Financial Information (Unaudited) Quarterly Financial Information (Unaudited) (Tables) | 12 Months Ended
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Feb. 03, 2018
Quarterly Financial Information Disclosure [Abstract] |
Schedule of supplementary financial information | The following tables show selected operating results for each 3-month quarter and full year of fiscal 2018 and 2017 (unaudited) ($ in millions):
| Quarter |  | 12-Month
| 1st |  | 2nd |  | 3rd |  | 4th |  | 2018
Revenue | $ | 8,528 |  |  | $ | 8,940 |  |  | $ | 9,320 |  |  | $ | 15,363 |  |  | $ | 42,151 |
Comparable sales % change(1) | 1.6 | % |  | 5.4 | % |  | 4.4 | % |  | 9.0 | % |  | 5.6 | %
Gross profit | $ | 2,022 |  |  | $ | 2,153 |  |  | $ | 2,280 |  |  | $ | 3,421 |  |  | $ | 9,876 |
Operating income(2) | 300 |  |  | 321 |  |  | 350 |  |  | 872 |  |  | 1,843 |
Net earnings from continuing operations(3) | 188 |  |  | 209 |  |  | 238 |  |  | 364 |  |  | 999 |
Gain from discontinued operations, net of tax | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Net earnings | $ | 188 |  |  | $ | 209 |  |  | $ | 239 |  |  | $ | 364 |  |  | $ | 1,000 |
Diluted earnings per share(4) |  |  |  |  |  |  |  |  |
Continuing operations | $ | 0.60 |  |  | $ | 0.67 |  |  | $ | 0.78 |  |  | $ | 1.23 |  |  | $ | 3.26 |
Discontinued operations | — |  |  | — |  |  | — |  |  | — |  |  | — |
Diluted earnings per share | $ | 0.60 |  |  | $ | 0.67 |  |  | $ | 0.78 |  |  | $ | 1.23 |  |  | $ | 3.26 |
| Quarter |  | 12-Month
| 1st |  | 2nd |  | 3rd |  | 4th |  | 2017
Revenue | $ | 8,443 |  |  | $ | 8,533 |  |  | $ | 8,945 |  |  | $ | 13,482 |  |  | $ | 39,403 |
Comparable sales % change(1) | (0.1 | )% |  | 0.8 | % |  | 1.8 | % |  | (0.7 | )% |  | 0.3 | %
Gross profit(5) | $ | 2,145 |  |  | $ | 2,062 |  |  | $ | 2,203 |  |  | $ | 3,030 |  |  | $ | 9,440 |
Operating income(6) | 372 |  |  | 289 |  |  | 312 |  |  | 881 |  |  | 1,854 |
Net earnings from continuing operations | 226 |  |  | 182 |  |  | 192 |  |  | 607 |  |  | 1,207 |
Gain from discontinued operations, net of tax | 3 |  |  | 16 |  |  | 2 |  |  | — |  |  | 21 |
Net earnings | $ | 229 |  |  | $ | 198 |  |  | $ | 194 |  |  | $ | 607 |  |  | $ | 1,228 |
Diluted earnings per share(4) |  |  |  |  |  |  |  |  |
Continuing operations | $ | 0.69 |  |  | $ | 0.56 |  |  | $ | 0.60 |  |  | $ | 1.91 |  |  | $ | 3.74 |
Discontinued operations | 0.01 |  |  | 0.05 |  |  | 0.01 |  |  | — |  |  | 0.07 |
Diluted earnings per share | $ | 0.70 |  |  | $ | 0.61 |  |  | $ | 0.61 |  |  | $ | 1.91 |  |  | $ | 3.81 |
(1) | Our comparable sales calculation compares revenue from stores, websites and call centers operating for at least 14 full months, as well as revenue related to certain other comparable sales channels for a particular period to the corresponding period in the prior year. Relocated stores, as well as remodeled, expanded and downsized stores closed more than 14 days, are excluded from our comparable sales calculation until at least 14 full months after reopening. Acquisitions are included in the comparable sales calculation beginning with the first full quarter following the first anniversary of the date of the acquisition. The Canadian brand consolidation, which included the permanent closure of 66 Future Shop stores, the conversion of 65 Future Shop stores to Best Buy stores and the elimination of the Future Shop website, had a material impact on a year-over-year basis on the remaining Canadian retail stores and the website. As such, from the first quarter of fiscal 2016 through the third quarter of fiscal 2017, all Canadian store and website revenue was removed from the comparable sales base and the International segment no longer had a comparable metric. Therefore, Consolidated comparable sales equaled the Domestic segment comparable sales. Beginning in the fourth quarter of fiscal 2017, we resumed reporting International comparable sales as revenue in the International segment was once again deemed to be comparable and, as such, Consolidated comparable sales are once again equal to the aggregation of Domestic and International comparable sales.
(2) | Includes $0 million, $2 million, $(2) million and $10 million of restructuring charges (benefit) recorded in the fiscal first, second, third and fourth quarters, respectively, and $10 million for the 12 months ended February 3, 2018, related to measures we took to restructure our businesses. Also includes $80 million related to a one-time bonus for certain employees and $20 million related to a one-time contribution to the Best Buy Foundation in response to future tax savings created by the Tax Act for the fiscal fourth quarter and 12 months ended February 3, 2018.
(3) | Includes $283 million of charges resulting from the Tax Act for the fiscal fourth quarter and 12 months ended February 3, 2018, including $209 million associated with the deemed repatriation tax and $74 million primarily related to the revaluation of deferred tax assets and liabilities.
(4) | The sum of our quarterly diluted earnings per share does not equal our annual diluted earnings per share due to differences in quarterly and annual weighted-average shares outstanding.
(5) | Includes $183 million of cathode ray tube ("CRT") litigation settlements reached and recorded in the fiscal first quarter and $183 million for the 12 months ended January 28, 2017, related to products purchased and sold in prior fiscal years.
(6) | Includes $29 million, $0 million, $1 million and $9 million of restructuring charges recorded in the fiscal first, second, third and fourth quarters, respectively, and $39 million for the 12 months ended January 28, 2017, related to measures we took to restructure our businesses. Also, includes $161 million of CRT litigation settlements, net of related legal fees and costs, recorded in the fiscal first quarter and in the 12 months ended January 28, 2017, related to products purchased and sold in prior fiscal years.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=84173487&loc=d3e1280-108306 + Details
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