Spreadsheet: 1fac6836-a801-463b-af57-d4c2ad97a689
Sheet: B - Non-GAAP Reconciliation

BEST BUY CO., INC.
NON-GAAP RECONCILIATION
Historical Financials Recast for New Fiscal Year
($ in millions, except per share amounts)
([NAME] and subject to reclassification)
 | Fiscal Year 2011 |  |  |  |  | Fiscal Year 2012
 | Q1 | Q2 | Q3 | Q4 | Year | Q1 | Q2 | Q3 | Q4 | Year
 | 2010-05-01 00:00:00 | 2010-07-31 00:00:00 | 2010-10-30 00:00:00 | 2011-01-29 00:00:00 | 2011-01-29 00:00:00 | 2011-04-30 00:00:00 | 2011-07-30 00:00:00 | 2011-10-29 00:00:00 | 2012-01-28 00:00:00 | 2012-01-28 00:00:00
Domestic - Continuing Operations
Gross profit
Restructuring charges - cost of goods sold | 0 | 0 | 0 | 9 |  | 0 | 0 | 0 | 19
Adjusted gross profit
Adjusted gross profit % of revenue
Operating income
Restructuring charges - cost of goods sold
Restructuring charges | 0 | 0 | 0 | 27 |  | 5 | 0 | 0 | 17
Adjusted operating income
Adjusted operating income % of revenue
International - Continuing Operations
SG&A
BBE transaction costs - SG&A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -46
Adjusted SG&A
Adjusted SG&A % of revenue
Operating income (loss)
BBE transaction costs - SG&A
Restructuring charges | 0 | 0 | 0 | 108 |  | -1 | 0 | 0 | 15
Goodwill impairment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
Adjusted operating income
Adjusted operating income % of revenue
Consolidated - Continuing Operations
Gross profit
Restructuring charges - COGS
Adjusted gross profit
Adjusted gross profit % of revenue
SG&A
BBE transaction costs - SG&A
Adjusted SG&A
Adjusted SG&A % of revenue
Operating income (loss)
Restructuring charges - cost of goods sold
BBE transaction costs - SG&A
Restructuring charges
Goodwill impairment
Adjusted operating income
Adjusted operating income % of revenue
Consolidated - Continuing Operations
Net earnings (loss)
After-tax impact of restructuring charges - cost of goods sold | 0 | 0 | 0 | 6 |  | 0 | 0 | 0 | 12
After-tax impact of BBE transaction costs - SG&A | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | 33
After-tax impact of restructuring charges | 0 | 0 | 0 | 85 |  | 3 | 0 | 0 | 21
After-tax impact of goodwill impairment | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | 1180
After-tax impact of gain on sale of investments | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | -48
After-tax impact of BBYM profit share buyout - NCI | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | 1303
After-tax impact of BBE transaction costs - NCI | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | -13
After-tax impact of restructuring charges - NCI | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | -3
Adjusted net earnings
Consolidated - Continuing Operations
(Basic) Diluted EPS
Per share impact of diluted share count | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 0.11 | 0.09
Per share impact of restructuring charges - cost of goods sold | 0 | 0 | 0 | 0.01 | 0.01 | 0 | 0 | 0 | 0.04 | 0.03
Per share impact of BBE transaction costs - SG&A | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | 0.09 | 0.09
Per share impact of restructuring charges | 0 | 0 | 0 | 0.21 | 0.21 | 0.01 | 0 | 0 | 0.06 | 0.06
Per share impact of goodwill impairment | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | 3.28 | 3.11
Per share impact of gain on sale of investments | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | -0.13 | -0.13
Per share impact of BBYM profit share buyout - NCI | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | 3.62 | 3.43
Per share impact of BBE transaction costs - NCI | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | -0.04 | -0.03
Per share impact of restructuring charges - NCI | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | -0.01 | -0.01
Adjusted diluted EPS(1)
Consolidated - Total Operations
Net earnings (loss)
Continuing operations
After-tax impact of restructuring charges - cost of goods sold
After-tax impact of BBE transaction costs - SG&A
After-tax impact of restructuring charges
After-tax impact of goodwill impairment
After-tax impact of gain on sale of investments
After-tax impact of BBYM profit share buyout - NCI
After-tax impact of BBE transaction costs - NCI
After-tax impact of restructuring charges - NCI
Discontinued operations
After-tax impact of restructuring charges - cost of goods sold | 0 | 0 | 0 | 10 |  | 0 | 0 | 0 | 8
After-tax impact of restructuring charges | 0 | 0 | 0 | 26 |  | 19 | 1 | 12 | 163
After-tax impact of restructuring charges - NCI | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | -85
Adjusted net earnings
Consolidated - Total Operations
(Basic) Diluted EPS
Per share impact of diluted share count | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 0.12 | 0.1
Continuing operations
Per share impact of restructuring charges - cost of goods sold
Per share impact of BBE transaction costs - SG&A
Per share impact of restructuring charges
Per share impact of goodwill impairment
Per share impact of gain on sale of investments
Per share impact of BBYM profit share buyout - NCI
Per share impact of BBE transaction costs - NCI
Per share impact of restructuring charges - NCI
Discontinued operations
Per share impact of restructuring charges - cost of goods sold | 0 | 0 | 0 | 0.03 | 0.02 | 0 | 0 | 0 | 0.02 | 0.02
Per share impact of restructuring charges | 0 | 0 | 0 | 0.06 | 0.06 | 0.05 | 0 | 0.04 | 0.45 | 0.52
Per share impact of restructuring charges - NCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.24 | -0.23
Adjusted diluted EPS(1)
(1) The diluted share count used to calculate diluted EPS for the fiscal fourth quarter and full year ended January 28, 2012, was 359.6 million and 379.7 million, respectively