Company: BBY
Filing Date: 2025-12-05
Form Type: 10-Q
Source: 0000764478-25-000057
Chunk: 24

Company: BEST BUY CO INC
Filing Date: 2025-12-05
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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10.     Contingencies

We are involved in a number of legal proceedings. Where appropriate, we have made accruals with respect to these matters, which are reflected on our Condensed Consolidated Financial Statements. However, there are cases where liability 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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11.     Segments

Segment and category revenue information was as follows ($ in millions): Three Months EndedNine Months EndedNovember 1, 2025November 2, 2024November 1, 2025November 2, 2024Domestic:Computing and Mobile Phones$4,368$4,065$12,090$11,445Consumer Electronics2,3512,4256,9397,267Appliances9651,0573,0403,324Entertainment5434791,6731,497Services5916011,7511,769Other6070210221Total Domestic revenue$8,878$8,697$25,703$25,523International:Computing and Mobile Phones$420$386$1,090$1,012Consumer Electronics202194573553Appliances6467201213Entertainment5447164132Services4747123124Other772323Total International revenue7947482,1742,057Total revenue$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)E