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v3.25.2

Segments (Tables) | 6 Months Ended
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Aug. 02, 2025
Segment Reporting [Abstract] |
Schedule of Revenue by Reportable Segment and Product Category | Segment and category revenue information was as follows ($ in millions):
| Three Months Ended |  | Six Months Ended
| August 2, 2025 |  | August 3, 2024 |  | August 2, 2025 |  | August 3, 2024
Domestic: |  |  |  |  |  |  |
Computing and Mobile Phones | $ | 3,930 |  | $ | 3,792 |  | $ | 7,722 |  | $ | 7,380
Consumer Electronics | 2,351 |  | 2,478 |  | 4,588 |  | 4,842
Appliances | 1,074 |  | 1,177 |  | 2,075 |  | 2,267
Entertainment | 681 |  | 498 |  | 1,130 |  | 1,018
Services | 581 |  | 590 |  | 1,160 |  | 1,168
Other | 81 |  | 88 |  | 150 |  | 151
Total Domestic revenue | $ | 8,698 |  | $ | 8,623 |  | $ | 16,825 |  | $ | 16,826
International: |  |  |  |  |  |  |
Computing and Mobile Phones | $ | 346 |  | $ | 308 |  | $ | 670 |  | $ | 626
Consumer Electronics | 198 |  | 186 |  | 371 |  | 359
Appliances | 80 |  | 86 |  | 137 |  | 146
Entertainment | 68 |  | 39 |  | 110 |  | 85
Services | 39 |  | 38 |  | 76 |  | 77
Other | 9 |  | 8 |  | 16 |  | 16
Total International revenue | 740 |  | 665 |  | 1,380 |  | 1,309
Total revenue | $ | 9,438 |  | $ | 9,288 |  | $ | 18,205 |  | $ | 18,135
Schedule of Operating Income by Reportable Segment and Reconciliation to Earnings Before Income Tax Expense | Adjusted operating income by segment and the reconciliation to consolidated earnings before income tax expense and equity in income of affiliates were as follows ($ in millions):
| Three Months Ended
| August 2, 2025 | August 3, 2024
| Domestic (1) | International | Total |  | Domestic (1) | International | Total
Revenue | $ | 8,698 |  | $ | 740 |  | $ | 9,438 |  | $ | 8,623 |  | $ | 665 |  | $ | 9,288
Cost of sales | 6,665 |  | 579 |  | 7,244 |  | 6,596 |  | 506 |  | 7,102
Adjusted SG&A (2) | 1,682 |  | 143 |  | 1,825 |  | 1,663 |  | 142 |  | 1,805
Adjusted operating income | $ | 351 |  | $ | 18 |  | 369 |  | $ | 364 |  | $ | 17 |  | 381
Restructuring charges |  |  |  |  | 114 |  |  |  |  |  | (7)
Intangible asset amortization |  |  |  |  | 4 |  |  |  |  |  | 5
Operating income |  |  |  |  | 251 |  |  |  |  |  | 383
Other income (expense): |  |  |  |  |  |  |  |  |  |  |
Loss on disposal of subsidiaries |  |  |  |  | (4) |  |  |  |  |  | -
Investment income and other |  |  |  |  | 18 |  |  |  |  |  | 21
Interest expense |  |  |  |  | (12) |  |  |  |  |  | (13)
Earnings before income tax expense and equity in income of affiliates | $ | 253 |  |  |  |  |  | $ | 391
(1)Domestic segment adjusted operating income includes certain operations that are based in foreign tax jurisdictions and primarily relate to sourcing products into the U.S. (2)Adjusted SG&A excludes amortization of definite-lived intangible assets associated with acquisitions.
| Six Months Ended
| August 2, 2025 | August 3, 2024
| Domestic (1) | International | Total |  | Domestic (1) | International | Total
Revenue | $ | 16,825 |  | $ | 1,380 |  | $ | 18,205 |  | $ | 16,826 |  | $ | 1,309 |  | $ | 18,135
Cost of sales | 12,884 |  | 1,078 |  | 13,962 |  | 12,882 |  | 1,003 |  | 13,885
Adjusted SG&A (2) | 3,261 |  | 280 |  | 3,541 |  | 3,255 |  | 281 |  | 3,536
Adjusted operating income | $ | 680 |  | $ | 22 |  | 702 |  | $ | 689 |  | $ | 25 |  | 714
Restructuring charges |  |  |  |  | 223 |  |  |  |  |  | 8
Intangible asset amortization |  |  |  |  | 9 |  |  |  |  |  | 11
Operating income |  |  |  |  | 470 |  |  |  |  |  | 695
Other income (expense): |  |  |  |  |  |  |  |  |  |  |
Loss on disposal of subsidiaries |  |  |  |  | (4) |  |  |  |  |  | -
Investment income and other |  |  |  |  | 33 |  |  |  |  |  | 46
Interest expense |  |  |  |  | (24) |  |  |  |  |  | (25)
Earnings before income tax expense and equity in income of affiliates | $ | 475 |  |  |  |  |  | $ | 716
(1)Domestic segment adjusted operating income includes certain operations that are based in foreign tax jurisdictions and primarily relate to sourcing products into the U.S. (2)Adjusted SG&A excludes amortization of definite-lived intangible assets associated with acquisitions.
Schedule of Other Information by Segment Information | Other expense and cash flow information by segment was as follows ($ in millions):
| Three Months Ended |  | Six Months Ended
| August 2, 2025 |  | August 3, 2024 |  | August 2, 2025 |  | August 3, 2024
Capital expenditures |  |  |  |  |  |  |
Domestic | $ | 161 |  | $ | 160 |  | $ | 311 |  | $ | 298
International | 14 |  | 23 |  | 30 |  | 37
Total capital expenditures | $ | 175 |  | $ | 183 |  | $ | 341 |  | $ | 335
Depreciation and amortization |  |  |  |  |  |  |
Domestic | $ | 201 |  | $ | 208 |  | $ | 402 |  | $ | 417
International | 10 |  | 10 |  | 20 |  | 20
Total depreciation and amortization | $ | 211 |  | $ | 218 |  | $ | 422 |  | $ | 437
Asset information by segment was as follows ($ in millions):
| August 2, 2025 |  | February 1, 2025 |  | August 3, 2024
Domestic | $ | 13,926 |  |  | $ | 13,567 |  |  | $ | 14,471 |
International | 1,327 |  |  | 1,215 |  |  | 1,153 |
Total assets | $ | 15,253 |  |  | $ | 14,782 |  |  | $ | 15,624 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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