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v3.23.2

Segments | 6 Months Ended
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Jul. 29, 2023
Segments [Abstract] |
Segments | 11. Segments Reportable segment and product category revenue information was as follows ($ in millions):
|  |  |  |  | Three Months Ended |  | Six Months Ended
|  |  |  |  | July 29, 2023 |  | July 30, 2022 |  | July 29, 2023 |  | July 30, 2022
Revenue by reportable segment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Domestic |  |  |  |  | $ | 8,890 |  |  | $ | 9,569 |  |  | $ | 17,691 |  |  | $ | 19,463 |
International |  |  |  |  |  | 693 |  |  |  | 760 |  |  |  | 1,359 |  |  |  | 1,513 |
Total revenue |  |  |  |  | $ | 9,583 |  |  | $ | 10,329 |  |  | $ | 19,050 |  |  | $ | 20,976 |
Revenue by product category |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Domestic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Computing and Mobile Phones |  |  |  |  | $ | 3,674 |  |  | $ | 3,964 |  |  | $ | 7,362 |  |  | $ | 8,249 |
Consumer Electronics |  |  |  |  |  | 2,658 |  |  |  | 2,845 |  |  |  | 5,250 |  |  |  | 5,741 |
Appliances |  |  |  |  |  | 1,384 |  |  |  | 1,657 |  |  |  | 2,723 |  |  |  | 3,247 |
Entertainment |  |  |  |  |  | 544 |  |  |  | 508 |  |  |  | 1,135 |  |  |  | 1,081 |
Services |  |  |  |  |  | 550 |  |  |  | 516 |  |  |  | 1,087 |  |  |  | 1,005 |
Other |  |  |  |  |  | 80 |  |  |  | 79 |  |  |  | 134 |  |  |  | 140 |
Total Domestic revenue |  |  |  |  | $ | 8,890 |  |  | $ | 9,569 |  |  | $ | 17,691 |  |  | $ | 19,463 |
International: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Computing and Mobile Phones |  |  |  |  | $ | 309 |  |  | $ | 327 |  |  | $ | 625 |  |  | $ | 671 |
Consumer Electronics |  |  |  |  |  | 194 |  |  |  | 223 |  |  |  | 378 |  |  |  | 436 |
Appliances |  |  |  |  |  | 92 |  |  |  | 104 |  |  |  | 151 |  |  |  | 175 |
Entertainment |  |  |  |  |  | 50 |  |  |  | 51 |  |  |  | 110 |  |  |  | 108 |
Services |  |  |  |  |  | 38 |  |  |  | 37 |  |  |  | 74 |  |  |  | 91 |
Other |  |  |  |  |  | 10 |  |  |  | 18 |  |  |  | 21 |  |  |  | 32 |
Total International revenue |  |  |  |  | $ | 693 |  |  | $ | 760 |  |  | $ | 1,359 |  |  | $ | 1,513 |
Operating income by reportable segment and the reconciliation to consolidated earnings before income tax expense and equity in income (loss) of affiliates was as follows ($ in millions):
|  |  |  |  | Three Months Ended |  | Six Months Ended
|  |  |  |  | July 29, 2023 |  | July 30, 2022 |  | July 29, 2023 |  | July 30, 2022
Domestic |  |  |  |  | $ | 329 |  |  | $ | 343 |  |  | $ | 619 |  |  | $ | 772 |
International |  |  |  |  |  | 19 |  |  |  | 28 |  |  |  | 40 |  |  |  | 61 |
Total operating income |  |  |  |  |  | 348 |  |  |  | 371 |  |  |  | 659 |  |  |  | 833 |
Other income (expense): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gain on sale of subsidiary, net |  |  |  |  |  | 21 |  |  |  | - |  |  |  | 21 |  |  |  | - |
Investment income (expense) and other |  |  |  | 12 |  |  |  | 3 |  |  |  | 33 |  |  |  | (2) |
Interest expense |  |  |  |  |  | (12) |  |  |  | (7) |  |  |  | (24) |  |  |  | (13) |
Earnings before income tax expense and equity in income (loss) of affiliates | $ | 369 |  |  | $ | 367 |  |  | $ | 689 |  |  | $ | 818 |
Assets by reportable segment were as follows ($ in millions):
|  |  |  |  | July 29, 2023 |  | January 28, 2023 |  | July 30, 2022
Domestic |  |  |  |  | $ | 14,028 |  |  | $ | 14,549 |  |  | $ | 14,272 |
International |  |  |  |  |  | 1,290 |  |  |  | 1,254 |  |  |  | 1,147 |
Total assets |  |  |  |  | $ | 15,318 |  |  | $ | 15,803 |  |  | $ | 15,419 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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