Company: BBY
Filing Date: 2025-06-06
Form Type: 10-Q
Source: 0000764478-25-000019
Chunk: 2

Company: BEST BUY CO INC
Filing Date: 2025-06-06
Form: 10-Q
Item: Part I, Item 8
Chunk 2
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2026, and for interim periods within fiscal years beginning after December 15, 2027. We are currently evaluating the impact of the ASU and expect to include updated expense disclosures in our fiscal 2028 Form 10-K. Supply Chain Financing  We have a supply chain financing program with an independent financial institution, whereby some of our suppliers have the opportunity to receive accounts payable settlements early, at a discount, facilitated by the financial institution. Our liability associated with the funded participation in the program, which is primarily included in Accounts payable on our Condensed Consolidated Balance Sheets, was $569 million, $398 million and $505 million as of May 3, 2025, February 1, 2025, and May 4, 2024, respectively. Total Cash, Cash Equivalents and Restricted Cash Cash, cash equivalents and restricted cash reported on our Condensed Consolidated Balance Sheets are reconciled to the total shown on our Condensed Consolidated Statements of Cash Flows as follows ($ in millions):               May 3, 2025 February 1, 2025 May 4, 2024Cash and cash equivalents$ 1,147   $ 1,578   $ 1,214  Restricted cash included in Other current assets  288     290     313  Total cash, cash equivalents and restricted cash$ 1,435   $ 1,868   $ 1,527   Amounts included in restricted cash are primarily restricted to cover product protection plans provided under our membership offerings and self-insurance liabilities. Reclassification 

Certain reclassifications of immaterial amounts previously reported have been made to the accompanying Condensed Consolidated Statements of Cash Flows to maintain consistency and comparability between periods presented.