Company: BBY
Filing Date: 2025-09-05
Form Type: 10-Q
Source: 0000764478-25-000040
Chunk: 88

Company: BEST BUY CO INC
Filing Date: 2025-09-05
Form: 10-Q
Item: Part II, Item 2
Chunk 88
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 is not probable or the amount cannot be reasonably estimated and, therefore, accruals have not been made. We provide disclosure of matters where we believe it is reasonably possible the impact may be material to our Condensed Consolidated Financial Statements.

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Table of Contents

11.     Segments

Segment and category revenue information was as follows ($ in millions): Three Months EndedSix Months EndedAugust 2, 2025August 3, 2024August 2, 2025August 3, 2024Domestic:Computing and Mobile Phones$3,930$3,792$7,722$7,380Consumer Electronics2,3512,4784,5884,842Appliances1,0741,1772,0752,267Entertainment6814981,1301,018Services5815901,1601,168Other8188150151Total Domestic revenue$8,698$8,623$16,825$16,826International:Computing and Mobile Phones$346$308$670$626Consumer Electronics198186371359Appliances8086137146Entertainment683911085Services39387677Other981616Total International revenue7406651,3801,309Total revenue$9,438$9,288$18,205$18,135Adjusted operating income by segment and the reconciliation to consolidated earnings before income tax expense and equity in income of affiliates were as follows ($ in millions):Three Months EndedAugust 2, 2025August 3, 2024Domestic (1)InternationalTotalDomestic (1)InternationalTotalRevenue$8,698$740$9,438$8,623$665$9,288Cost of sales6,6655797,2446,5965067,102Adjusted SG&A (2)1,6821431,8251,6631421,805Adjusted operating income$351$18369$364$17381Restructuring charges114(7)Intangible asset amortization45Operating income251383Other income (expense):Loss on disposal of subsidiaries(4)-Investment income and other1821Interest 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.

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