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v3.25.2

Segments | 6 Months Ended
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Aug. 02, 2025
Segment Reporting [Abstract] |
Segments | Segments 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
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. 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 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/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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