XML 49 R32.htm IDEA: XBRL DOCUMENT
v3.20.4

Shareholders' Equity (Tables) | 12 Months Ended
--- | ---
Jan. 30, 2021
Shareholders' Equity [Abstract] |
Stock-based compensation expense |
| 2021 |  | 2020 |  | 2019
Stock options | $ | 4 |  |  | $ | 7 |  |  | $ | 3 |
Share awards: |  |  |  |  |  |  |  |  |  |  |
Market-based |  | 11 |  |  |  | 13 |  |  |  | 15 |
Performance-based |  | 21 |  |  |  | 28 |  |  |  | 20 |
Time-based |  | 99 |  |  |  | 95 |  |  |  | 85 |
Total | $ | 135 |  |  | $ | 143 |  |  | $ | 123 |
Stock option activity |
| Stock Options ‎(in thousands) |  | Weighted-Average ‎ Exercise Price ‎per Share |  | Weighted-Average ‎ Remaining Contractual Term ‎(in years) |  | Aggregate ‎Intrinsic Value ‎(in millions)
Outstanding as of February 1, 2020 | 1,616 |  |  | $ | 54.38 |  |  |  |  |  |  |  |  |
Granted | 235 |  |  | $ | 51.65 |  |  |  |  |  |  |  |  |
Exercised | (494) |  |  | $ | 41.96 |  |  |  |  |  |  |  |  |
Forfeited/canceled | (85) |  |  | $ | 67.32 |  |  |  |  |  |  |  |  |
Outstanding as of January 30, 2021 | 1,272 |  |  | $ | 57.83 |  |  |  | 6.2 |  |  | $ | 65 |
Vested or expected to vest as of January 30, 2021 | 1,272 |  |  | $ | 57.83 |  |  |  | 6.2 |  |  | $ | 65 |
Exercisable as of January 30, 2021 | 409 |  |  | $ | 44.85 |  |  |  | 3.2 |  |  | $ | 26 |
Black Scholes valuation model assumptions |
Valuation Assumptions | 2021 |  | 2020 |  | 2019
Risk-free interest rate(1) | 0.1 | % | - | 0.9 | % |  | 1.9 | % | - | 2.5 | % |  | 1.9 | % | - | 2.8 | %
Expected dividend yield | 2.9 | % |  | 2.9 | % |  | 2.7 | %
Expected stock price volatility(2) | 56 | % |  | 36 | % |  | 39 | %
Expected life of stock options (in years)(3) | 6.3 |  |  | 7.4 |  |  | 6.5 |
(1)Based on the U.S. Treasury constant maturity interest rate whose term is consistent with the expected life of our stock options. (2)In projecting expected stock price volatility, we consider both the historical volatility of our stock price as well as implied volatilities from exchange-traded options on our stock. (3)Estimated based upon historical experience.
Summary of the status of nonvested market-based share awards |
Market-Based Share Awards | Shares |  | Weighted-Average Fair Value per Share
Outstanding as of February 1, 2020 | 692 |  |  | $ | 59.84 |
Granted | 376 |  |  | $ | 53.18 |
Vested | (453) |  |  | $ | 41.44 |
Forfeited/canceled | (57) |  |  | $ | 70.04 |
Outstanding as of January 30, 2021 | 558 |  |  | $ | 65.88 |
Summary of the status of nonvested time-based share awards |
Time-Based Share Awards | Shares |  | Weighted-Average Fair Value per Share
Outstanding as of February 1, 2020 | 3,852 |  |  | $ | 57.81 |
Granted | 2,339 |  |  | $ | 53.10 |
Vested | (2,102) |  |  | $ | 50.11 |
Forfeited/canceled | (246) |  |  | $ | 61.22 |
Outstanding as of January 30, 2021 | 3,843 |  |  | $ | 58.94 |
Summary of the status of nonvested performance-based share awards |
Performance-Based Share Awards | Shares |  | Weighted-Average Fair Value per Share
Outstanding as of February 1, 2020 | 953 |  |  | $ | 63.82 |
Granted | 451 |  |  | $ | 50.75 |
Vested | (386) |  |  | $ | 49.43 |
Forfeited/canceled | (89) |  |  | $ | 66.58 |
Outstanding as of January 30, 2021 | 929 |  |  | $ | 63.20 |
Summary of stock options outstanding |
| Exercisable |  | Unexercisable |  | Total
| Shares |  | % |  | Weighted-Average Price per Share |  | Shares |  | % |  | Weighted-Average Price per Share |  | Shares |  | % |  | Weighted-Average Price per Share
In-the-money | 0.4 |  |  | 32 | % |  | $ | 44.85 |  |  | 0.9 |  |  | 68 | % |  | $ | 63.98 |  |  | 1.3 |  |  | 100 | % |  | $ | 57.83 |
Reconciliation of the numerators and denominators of basic and diluted earnings per share |
| 2021 |  | 2020 |  | 2019
Numerator |  |  |  |  |  |  |  |  |  |  |
Net earnings | $ | 1,798 |  |  | $ | 1,541 |  |  | $ | 1,464 |
Denominator |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares outstanding |  | 259.6 |  |  |  | 264.9 |  |  |  | 276.4 |
Dilutive effect of stock compensation plan awards |  | 3.4 |  |  |  | 3.2 |  |  |  | 5.0 |
Weighted-average common shares outstanding, assuming dilution |  | 263.0 |  |  |  | 268.1 |  |  |  | 281.4 |
Potential shares which were anti-dilutive and excluded from weighted-average share computations |  | - |  |  |  | 0.8 |  |  |  | 0.2 |
Basic earnings per share | $ | 6.93 |  |  | $ | 5.82 |  |  | $ | 5.30 |
Diluted earnings per share | $ | 6.84 |  |  | $ | 5.75 |  |  | $ | 5.20 |
Schedule of share repurchases |
| 2021 |  | 2020 |  | 2019
Total cost of shares repurchased | $ | 318 |  |  | $ | 1,009 |  |  | $ | 1,493 |
Average price per share | $ | 102.63 |  |  | $ | 72.34 |  |  | $ | 70.28 |
Number of shares repurchased and retired |  | 3.1 |  |  |  | 14.0 |  |  |  | 21.2 |

X
- Definition Tabular disclosure of changes in outstanding nonvested market-based share awards. + References No definition available. + Details
Name: | bby_ScheduleOfNonvestedMarketBasedShareAwardsActivityTableTextBlock
Namespace Prefix: | bby_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in outstanding nonvested time-based share awards. + References No definition available. + Details
Name: | bby_ScheduleOfNonvestedTimeBasedShareAwardActivityTableTextBlock
Namespace Prefix: | bby_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure related to repurchases of common stock under share repurchase program. + References No definition available. + Details
Name: | bby_ScheduleOfRepurchasesOfCommonStockTableTextBlock
Namespace Prefix: | bby_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the stock-based compensation expense. + References No definition available. + Details
Name: | bby_ScheduleOfShareBasedCompensationExpenseTableTextBlock
Namespace Prefix: | bby_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the outstanding stock options as of the balance sheet date. + References No definition available. + Details
Name: | bby_ScheduleOfStockOptionsOutstandingTableTextBlock
Namespace Prefix: | bby_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration