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Goodwill and Intangible Assets | 6 Months Ended
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Aug. 02, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill Goodwill balances by segment were as follows ($ in millions):
| August 2, 2025 |  | February 1, 2025 |  | August 3, 2024
| Gross Carrying Amount |  | Cumulative Impairment |  | Gross Carrying Amount |  | Cumulative Impairment |  | Gross Carrying Amount |  | Cumulative Impairment
Domestic | $ | 1,450 |  | $ | (542) |  | $ | 1,450 |  | $ | (542) |  | $ | 1,450 |  | $ | (67)
International | 608 |  | (608) |  | 608 |  | (608) |  | 608 |  | (608)
Total | $ | 2,058 |  | $ | (1,150) |  | $ | 2,058 |  | $ | (1,150) |  | $ | 2,058 |  | $ | (675)
In fiscal 2025, we recorded a goodwill impairment of $475 million within the Domestic segment for the Best Buy Health reporting unit. The restructuring activity that commenced in the first quarter of fiscal 2026 was a triggering event to evaluate the Best Buy Health reporting unit for impairment. No further goodwill impairment was identified. Refer to Note 2, Restructuring, for additional information. Indefinite-Lived Intangible Assets In the second quarter of fiscal 2026, we recorded a full impairment of $16 million related to our only remaining indefinite-lived intangible asset as a result of restructuring activity that commenced in the second quarter of fiscal 2026. Refer to Note 2, Restructuring, for additional information. Definite-Lived Intangible Assets We have definite-lived intangible assets recorded within Other assets on our Condensed Consolidated Balance Sheets as follows ($ in millions):
| August 2, 2025 |  | February 1, 2025 |  | August 3, 2024 |  | Weighted-Average Useful Life Remaining as of August 2, 2025 (in years)
| Gross Carrying Amount(1) |  | Accumulated Amortization(1) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization |
Customer relationships | $ | 339 |  | $ | 284 |  | $ | 360 |  | $ | 285 |  | $ | 360 |  | $ | 280 |  | 8.0
Tradenames | 87 |  | 78 |  | 92 |  | 79 |  | 92 |  | 75 |  | 1.2
Developed technology | 56 |  | 56 |  | 64 |  | 61 |  | 64 |  | 60 |  | -
Total | $ | 482 |  | $ | 418 |  | $ | 516 |  | $ | 425 |  | $ | 516 |  | $ | 415 |  | 7.0
(1)Gross carrying amount and accumulated amortization as of August 2, 2025, excludes $34 million and $16 million, respectively, of definite-lived intangible assets related to the exit of a component of our Best Buy Health business. See Note 2, Restructuring, for additional information. Amortization expense included in Selling, general and administrative expenses ("SG&A") on our Condensed Consolidated Statements of Earnings was as follows ($ in millions):
|  |  | Three Months Ended |  | Six Months Ended
|  |  | August 2, 2025 |  | August 3, 2024 |  | August 2, 2025 |  | August 3, 2024
Amortization expense |  |  | $ | 4 |  |  | $ | 5 |  |  | $ | 9 |  | $ | 11
Amortization expense expected to be recognized in future periods is as follows ($ in millions):
| Amortization Expense
Remainder of fiscal 2026 | $ | 7
Fiscal 2027 | 13
Fiscal 2028 | 8
Fiscal 2029 | 7
Fiscal 2030 | 6
Fiscal 2031 | 5
Thereafter | 18

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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