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Restructuring (Tables) | 6 Months Ended
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Aug. 02, 2025
Restructuring and Related Activities [Abstract] |
Schedule of Composition of Restructuring Charges | Restructuring charges were as follows ($ in millions):
| Three Months Ended |  | Six Months Ended
| August 2, 2025 |  | August 3, 2024 |  | August 2, 2025 |  | August 3, 2024
Fiscal 2026 Labor and Store Optimization Initiative | $ | 122 |  | $ | - |  | $ | 122 |  | $ | -
Best Buy Health Optimization and China Sourcing Initiative | (6) |  | - |  | 105 |  | -
Fiscal 2024 Restructuring Initiative | (2) |  | (6) |  | (4) |  | 10
Fiscal 2023 Resource Optimization Initiative | - |  | (1) |  | - |  | (2)
Total | $ | 114 |  | $ | (7) |  | $ | 223 |  | $ | 8
The composition of restructuring charges incurred related to this initiative were as follows ($ in millions):
| Three Months Ended
| Domestic |  | International |  | Total
Termination benefits | $ | 78 |  | $ | 3 |  | $ | 81
Asset impairments(1) | 41 |  | - |  | 41
Total | $ | 119 |  | $ | 3 |  | $ | 122
(1)Represents asset impairments primarily related to planned store closures, including an impairment related to an indefinite-lived tradename. See Note 3, Goodwill and Intangible Assets, for additional information. The remaining carrying value of net assets approximates fair value and was immaterial as of August 2, 2025. The composition of restructuring charges incurred related to this initiative were as follows ($ in millions):
| Three Months Ended |  | Six Months Ended
| August 2, 2025 |  | August 2, 2025
Asset impairments and other costs(1) | $ | (3) |  | $ | 70
Termination benefits | (3) |  | 35
Total | $ | (6) |  | $ | 105
(1)Primarily represents the full impairment of net assets related to a component of our Best Buy Health business and other exit costs. The remaining carrying value of net assets approximates fair value and was immaterial as of August 2, 2025. All charges incurred related to this initiative were comprised of employee termination benefits from continuing operations and were presented within Restructuring charges on our Condensed Consolidated Statements of Earnings as follows ($ in millions):
| Three Months Ended |  | Six Months Ended |  | Cumulative Amount as of
| August 2, 2025 |  | August 3, 2024 |  | August 2, 2025 |  | August 3, 2024 |  | August 2, 2025
Domestic | $ | (2) |  | 7 |  | $ | (4) |  | $ | 10 |  | $ | 162
International | - |  | (1) |  | - |  | - |  | 8
Total | $ | (2) |  | $ | 6 |  | $ | (4) |  | $ | 10 |  | $ | 170
Schedule of Restructuring Accrual Activity | Restructuring accrual activity related to this initiative was as follows ($ in millions):
| Termination Benefits |  | Asset Impairments and Other Costs |  | Total
Balances at February 1, 2025 | $ | - |  | $ | - |  | $ | -
Charges | 38 |  | 28 |  | 66
Cash payments | (9) |  | (27) |  | (36)
Adjustments(1) | (3) |  | (1) |  | (4)
Balances at August 2, 2025 | $ | 26 |  | $ | - |  | $ | 26
(1)Primarily represents adjustments for termination benefits primarily related to higher-than-expected employee retention from previously planned organizational changes. Restructuring accrual activity related to this initiative was as follows ($ in millions):
| Termination Benefits
| Domestic |  | International |  | Total
Balances at February 1, 2025 | $ | 80 |  | $ | 5 |  | $ | 85
Cash payments | (15) |  | (1) |  | (16)
Adjustments(1) | (4) |  | - |  | (4)
Balances at August 2, 2025 | $ | 61 |  | $ | 4 |  | $ | 65
(1)Represents adjustments primarily related to higher-than-expected employee retention from previously planned organizational changes.

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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