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Restructuring Charges (Notes) | 12 Months Ended
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Feb. 03, 2018
Restructuring and Related Activities [Abstract] |
Restructuring Charges | Restructuring Charges Summary Restructuring charges incurred in fiscal 2018, 2017 and 2016 were as follows ($ in millions):
| 2018 |  | 2017 |  | 2016
Continuing operations |  |  |  |  |
Best Buy Mobile | $ | 9 |  |  | $ | — |  |  | $ | — |
Renew Blue Phase 2 | — |  |  | 26 |  |  | — |
Canadian brand consolidation | (2 | ) |  | 3 |  |  | 200 |
Renew Blue(1) | 3 |  |  | 5 |  |  | (2 | )
Other restructuring activities(2) | — |  |  | 5 |  |  | 3 |
Total | $ | 10 |  |  | $ | 39 |  |  | $ | 201 |
(1) | Represents activity related to our remaining termination benefits and vacant space liabilities, primarily in our International segment, for our Renew Blue restructuring program, which began in the fourth quarter of fiscal 2013. Charges related to the Domestic segment were $0 million, $0 million and a benefit of $1 million for fiscal 2018, 2017 and 2016, respectively; and to the International segment were $3 million, $5 million and a benefit of $1 million for fiscal 2018, 2017 and 2016, respectively. As of February 3, 2018, the termination benefits liability was $0 million and the remaining vacant space liability was $11 million. We may continue to incur immaterial adjustments to the vacant space liability for changes in sublease assumptions or potential lease buyouts. In addition, lease payments for vacated stores will continue until leases expire or are terminated.
(2) | Represents activity related to our remaining vacant space liability for U.S. large-format store closures in fiscal 2013. We may continue to incur immaterial adjustments to the liability for changes in sublease assumptions or potential lease buyouts. In addition, lease payments for vacated stores will continue until leases expire or are terminated. The remaining vacant space liability was $4 million at February 3, 2018.
Best Buy Mobile On March 1, 2018, we announced our intent to close all of our 257 remaining Best Buy Mobile stand-alone stores in the U.S. This decision was a result of changing economics in the mobile industry since we began opening these stores in 2006, along with the integration of our mobile model into our core stores and on-line channel, which are today more economically compelling. We expect to incur total pre-tax restructuring charges between $55 million and $65 million, primarily related to the termination of store leases that will be paid in fiscal 2019. In fiscal 2018, we incurred $9 million of restructuring charges related to implementing these changes, which consisted of $8 million of employee termination benefits and $1 million of property and equipment impairments. All restructuring charges related to this plan are from continuing operations and are presented in Restructuring charges on our Consolidated Statements of Earnings. As of February 3, 2018, the termination benefits liability was $8 million as there were no cash payments or adjustments during fiscal 2018, and the vacant space liability was $0 million. Renew Blue Phase 2 In the first quarter of fiscal 2017, we took several strategic actions to eliminate and simplify certain components of our operations and restructure certain field and corporate teams as part of our Renew Blue Phase 2 plan. In fiscal 2017, we incurred $26 million of restructuring charges related to implementing these changes, which primarily consisted of employee termination benefits and property and equipment impairments. All restructuring charges related to this plan are from continuing operations and are presented in Restructuring charges on our Consolidated Statements of Earnings. No restructuring charges were incurred in fiscal 2018 related to Renew Blue Phase 2. The composition of the restructuring charges we incurred during fiscal 2017 for Renew Blue Phase 2 was as follows ($ in millions):
| Domestic 2017
Property and equipment impairments | $ | 8 |
Termination benefits | 18 |
Total Renew Blue Phase 2 restructuring charges | $ | 26 |
There was no activity in our restructuring accrual in fiscal 2018 related to Renew Blue Phase 2. The following table summarizes our restructuring accrual activity during fiscal 2017 related to termination benefits as a result of Renew Blue Phase 2 ($ in millions):
| Termination Benefits
Balances at January 30, 2016 | $ | — |
Charges | 19 |
Cash payments | (17 | )
Adjustments | (2 | )
Balances at January 28, 2017 | $ | — |
Canadian Brand Consolidation In the first quarter of fiscal 2016, we consolidated the Future Shop and Best Buy stores and websites in Canada under the Best Buy brand. This resulted in the permanent closure of 66 Future Shop stores and the conversion of the remaining 65 Future Shop stores to the Best Buy brand. In fiscal 2018, we recorded a benefit of $2 million related to adjustments to our vacant space liabilities outstanding due to changes in estimates related to sublease income. During fiscal 2017, we incurred $3 million of restructuring charges, which primarily consisted of lease exit costs. In fiscal 2016, we incurred $200 million of restructuring charges, which primarily consisted of lease exit costs, a tradename impairment, property and equipment impairments, employee termination benefits and inventory write-downs. The inventory write-downs related to our Canadian brand consolidation are presented in Restructuring charges – cost of goods sold on our Consolidated Statements of Earnings, and the remainder of the restructuring charges are presented in Restructuring charges on our Consolidated Statements of Earnings. All restructuring charges related to this plan are from continuing operations. The composition of the restructuring charges we incurred for this program in fiscal 2018, 2017 and 2016, as well as the cumulative amount incurred through the end of fiscal 2018, was as follows ($ in millions):
| International
| 2018 |  | 2017 |  | 2016 |  | Cumulative Amount
Continuing operations |  |  |  |  |  |  |
Inventory write-downs | $ | — |  |  | $ | — |  |  | $ | 3 |  |  | $ | 3 |
Property and equipment impairments | — |  |  | — |  |  | 30 |  |  | 30 |
Tradename impairment | — |  |  | — |  |  | 40 |  |  | 40 |
Termination benefits | — |  |  | — |  |  | 25 |  |  | 25 |
Facility closure and other costs | (2 | ) |  | 3 |  |  | 102 |  |  | 103 |
Total continuing operations | $ | (2 | ) |  | $ | 3 |  |  | $ | 200 |  |  | $ | 201 |
The following tables summarize our restructuring accrual activity during fiscal 2018, 2017 and 2016, related to termination benefits and facility closure and other costs as a result of Canadian brand consolidation ($ in millions):
| Termination Benefits |  | Facility Closure and Other Costs |  | Total
Balances at January 31, 2015 | $ | — |  |  | $ | — |  |  | $ | — |
Charges | 28 |  |  | 113 |  |  | 141 |
Cash payments | (24 | ) |  | (47 | ) |  | (71 | )
Adjustments(1) | (2 | ) |  | 5 |  |  | 3 |
Changes in foreign currency exchange rates | — |  |  | (7 | ) |  | (7 | )
Balances at January 30, 2016 | 2 |  |  | 64 |  |  | 66 |
Charges | — |  |  | 1 |  |  | 1 |
Cash payments | (2 | ) |  | (37 | ) |  | (39 | )
Adjustments(1) | — |  |  | 2 |  |  | 2 |
Changes in foreign currency exchange rates | — |  |  | 4 |  |  | 4 |
Balances at January 28, 2017 | — |  |  | 34 |  |  | 34 |
Charges | — |  |  | — |  |  | — |
Cash payments | — |  |  | (18 | ) |  | (18 | )
Adjustments(1) | — |  |  | (2 | ) |  | (2 | )
Changes in foreign currency exchange rates | — |  |  | 1 |  |  | 1 |
Balances at February 3, 2018 | $ | — |  |  | $ | 15 |  |  | $ | 15 |
(1) | Adjustments related to termination benefits relate to higher-than-expected employee retention. Adjustments related to facility closure and other costs represent changes in sublease assumptions.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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