Company: BBY
Filing Date: 2025-12-05
Form Type: 10-Q
Source: 0000764478-25-000057
Chunk: 57

Company: BEST BUY CO INC
Filing Date: 2025-12-05
Form: 10-Q
Item: Part I, Item 8
Chunk 57
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9,672$9,445$27,877$27,580Adjusted operating income by segment and the reconciliation to consolidated earnings before income tax expense and equity in income (loss) of affiliates were as follows ($ in millions):Three Months EndedNovember 1, 2025November 2, 2024Domestic (1)InternationalTotalDomestic (1)InternationalTotalRevenue$8,878$794$9,672$8,697$748$9,445Cost of sales6,8116137,4246,6485807,228Adjusted SG&A (2)1,7071531,8601,7111551,866Adjusted operating income$360$28388$338$13351Restructuring charges(5)(4)Goodwill and intangible asset impairments171-Intangible asset amortization35Long-lived asset impairment21-Operating income198350Other income (expense):Investment income and other1919Interest expense(12)(13)Earnings before income tax expense and equity in income (loss) of affiliates$205$356(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 and non-cash impairments of certain long-lived assets.

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Nine Months EndedNovember 1, 2025November 2, 2024Domestic (1)InternationalTotalDomestic (1)InternationalTotalRevenue$25,703$2,174$27,877$25,523$2,057$27,580Cost of sales19,6951,69121,38619,5301,58321,113Adjusted SG&A (2)4,9684335,4014,9664365,402Adjusted operating income$1,040$501,090$1,027$381,065Restructuring charges2184Goodwill and intangible asset impairments171-Intangible asset amortization1216Long-lived asset impairment21-Operating income6681,045Other income (expense):Loss on disposal of subsidiaries(4)-Investment income and other5265Interest expense(36)(38)Earnings before income tax expense and equity in income (loss) of affiliates$680$1,072(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