Best Buy (BBY) 10-Q 2 Jun 22 2023 Q1 Quarterly report Financial data

Document Information Statement

Document Information Statement - shares	3 Months Ended
	Apr. 30, 2022	May 31, 2022
Document Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 30, 2022
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--01-28
Document Transition Report	false
Entity File Number	1-9595
Entity Registrant Name	BEST BUY CO., INC.
Entity Incorporation, State or Country Code	MN
Entity Address, Address Line One	7601 Penn Avenue South
Entity Address, City or Town	Richfield
Entity Address, State or Province	MN
Entity Tax Identification Number	41-0907483
Entity Address, Postal Zip Code	55423
City Area Code	612
Local Phone Number	291-1000
Title of 12(b) Security	Common Stock, $0.10 par value per share
Trading Symbol	BBY
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		225,168,407
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000764478
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Apr. 30, 2022	Jan. 29, 2022	May 01, 2021
Current assets
Cash and cash equivalents	$ 640	$ 2,936	$ 4,278
Short-term investments			60
Receivables, net	804	1,042	850
Merchandise inventories	6,258	5,965	5,721
Other current assets	613	596	359
Total current assets	8,315	10,539	11,268
Property and equipment, net	2,251	2,250	2,233
Operating lease assets	2,704	2,654	2,563
Goodwill	1,385	1,384	986
Other assets	596	677	655
Total assets	15,251	17,504	17,705
Current liabilities
Accounts payable	5,492	6,803	6,360
Accrued compensation and related expenses	336	845	493
Accrued liabilities	771	946	978
Short-term debt			110
Current portion of operating lease liabilities	636	648	654
Current portion of long-term debt	15	13	15
Total current liabilities	8,635	10,674	9,641
Long-term operating lease liabilities	2,121	2,061	1,983
Long-term debt	1,170	1,216	1,229
Long-term liabilities	558	533	694
Contingencies (Note 10)
Equity
Preferred stock, $1.00 par value: Authorized - 400,000 shares; Issued and outstanding - none
Common stock, $0.10 par value: Authorized - 1.0 billion shares; Issued and outstanding - 224.6 million, 227.4 million and 250.4 million shares, respectively	22	23	25
Additional paid-in capital			33
Retained earnings	2,417	2,668	3,762
Accumulated other comprehensive income	328	329	338
Total equity	2,767	3,020	4,158
Total liabilities and equity	15,251	17,504	17,705
Gift Card [Member]
Current liabilities
Short-term contract liabilities	284	316	297
Deferred Revenue [Member]
Current liabilities
Short-term contract liabilities	$ 1,101	$ 1,103	$ 734

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Apr. 30, 2022	Jan. 29, 2022	May 01, 2021
Condensed Consolidated Balance Sheets [Abstract]
Preferred stock, par value (in dollars per share)	$ 1	$ 1	$ 1
Preferred stock, authorized shares	400,000	400,000	400,000
Preferred stock, issued shares	0	0	0
Preferred stock, outstanding shares	0	0	0
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10	$ 0.10
Common stock, authorized shares	1,000,000,000	1,000,000,000	1,000,000,000
Common stock, issued shares	224,600,000	227,400,000	250,400,000
Common stock, outstanding shares	224,600,000	227,400,000	250,400,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Condensed Consolidated Statements of Earnings [Abstract]
Revenue	$ 10,647	$ 11,637
Cost of sales	8,294	8,922
Gross profit	2,353	2,715
Selling, general and administrative expenses	1,890	1,988
Restructuring charges	1	(42)
Operating income	462	769
Other income (expense):
Investment income (expense) and other	(5)	3
Interest expense	(6)	(6)
Earnings before income tax expense and equity in income of affiliates	451	766
Income tax expense	110	172
Equity in income of affiliates		1
Net earnings	$ 341	$ 595
Basic earnings per share	$ 1.50	$ 2.35
Diluted earnings per share	$ 1.49	$ 2.32
Weighted-average common shares outstanding:
Basic	226.8	253.1
Diluted	228.4	256.7

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Condensed Consolidated Statements of Comprehensive Income [Abstract]
Net earnings	$ 341	$ 595
Foreign currency translation adjustments, net of tax	(1)	10
Comprehensive income	$ 340	$ 605

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Operating activities
Net earnings	$ 341	$ 595
Adjustments to reconcile net earnings to total cash provided by (used in) operating activities:
Depreciation and amortization	224	216
Restructuring charges	1	(42)
Stock-based compensation	39	37
Other, net	12	6
Changes in operating assets and liabilities, net of acquired assets and liabilities:
Receivables	238	210
Merchandise inventories	(297)	(90)
Other assets	4	(6)
Accounts payable	(1,296)	(630)
Income taxes	63	113
Other liabilities	(713)	(304)
Total cash provided by (used in) operating activities	(1,384)	105
Investing activities
Additions to property and equipment	(215)	(161)
Purchases of investments	(1)	(90)
Other, net	3	(2)
Total cash used in investing activities	(213)	(253)
Financing activities
Repurchase of common stock	(455)	(927)
Dividends paid	(199)	(175)
Other, net	4	13
Total cash used in financing activities	(650)	(1,089)
Effect of exchange rate changes on cash and cash equivalents	2	5
Decrease in cash, cash equivalents and restricted cash	(2,245)	(1,232)
Cash, cash equivalents and restricted cash at beginning of period	3,205	5,625
Cash, cash equivalents and restricted cash at end of period	$ 960	$ 4,393

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Shareholders' Equity - USD ($) shares in Millions, $ in Millions	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balances at Jan. 30, 2021	$ 26		$ 4,233	$ 328	$ 4,587
Balances (in shares) at Jan. 30, 2021	256.9
Net earnings			595		595
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax				10	10
Stock-based compensation		$ 37			37
Issuance of common stock		19			19
Issuance of common stock (in shares)	1.9
Common stock dividends		3	(178)		(175)
Repurchase of common stock	$ (1)	(26)	(888)		(915)
Repurchase of common stock (in shares)	(8.4)
Balances at May. 01, 2021	$ 25	33	3,762	338	4,158
Balances (in shares) at May. 01, 2021	250.4
Balances at Jan. 29, 2022	$ 23		2,668	329	3,020
Balances (in shares) at Jan. 29, 2022	227.4
Net earnings			341		341
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax				(1)	(1)
Stock-based compensation		39			39
Issuance of common stock		9			9
Issuance of common stock (in shares)	1.7
Common stock dividends		4	(203)		(199)
Repurchase of common stock	$ (1)	$ (52)	(389)		(442)
Repurchase of common stock (in shares)	(4.5)
Balances at Apr. 30, 2022	$ 22		$ 2,417	$ 328	$ 2,767
Balances (in shares) at Apr. 30, 2022	224.6

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Condensed Consolidated Statements of Changes in Shareholders' Equity [Abstract]
Common Stock, Dividends, Per Share, Declared	$ 0.88	$ 0.70

Basis of Presentation

Basis of Presentation	3 Months Ended
	Apr. 30, 2022
Basis of Presentation [Abstract]
Basis of Presentation	1. Basis of Presentation Unless the context otherwise requires, the use of the terms “Best Buy,” “we,” “us” and “our” in these Notes to Condensed Consolidated Financial Statements refers to Best Buy Co., Inc. and, as applicable, its consolidated subsidiaries. In the opinion of management, the accompanying condensed consolidated financial statements contain all adjustments necessary for a fair presentation as prescribed by accounting principles generally accepted in the U.S. (“GAAP”). All adjustments were comprised of normal recurring adjustments, except as noted in these Notes to Condensed Consolidated Financial Statements. Historically, we have generated a large proportion of our revenue and earnings in the fiscal fourth quarter, which includes the majority of the holiday shopping season. Due to the seasonal nature of our business, interim results are not necessarily indicative of results for the entire fiscal year. The interim financial statements and the related notes included in this Quarterly Report on Form 10-Q should be read in conjunction with the consolidated financial statements and related notes included in our Annual Report on Form 10-K for the fiscal year ended January 29, 2022. The first three months of fiscal 2023 and fiscal 2022 included 13 weeks. In preparing the accompanying condensed consolidated financial statements, we evaluated the period from April 30, 2022, through the date the financial statements were issued for material subsequent events requiring recognition or disclosure. N o such events were identified for the reported periods. 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): April 30, 2022 January 29, 2022 May 1, 2021 Cash and cash equivalents $ 640 $ 2,936 $ 4,278 Restricted cash included in Other current assets 320 269 115 Total cash, cash equivalents and restricted cash $ 960 $ 3,205 $ 4,393 Amounts included in restricted cash are primarily restricted to use for product protection plans provided under our Best Buy Totaltech membership offering and self-insurance liabilities.

Restructuring

Restructuring	3 Months Ended
	Apr. 30, 2022
Restructuring [Abstract]
Restructuring	2. Restructuring Mexico Exit and Strategic Realignment In the third quarter of fiscal 2021, we made the decision to exit our operations in Mexico and began taking other actions to more broadly align our organizational structure in support of our strategy. Charges incurred in our International segment primarily related to our decision to exit our operations in Mexico. All remaining stores in Mexico were closed in the first quarter of fiscal 2022 and we do not expect to incur material future restructuring charges related to the exit. Charges incurred in our Domestic segment primarily related to actions taken to align our organizational structure in support of our strategy. During the first quarter of fiscal 2022, we recorded a $ 44 million credit primarily due to a reduction in expected termination benefits resulting from adjustments to previously planned organizational changes and higher-than-expected employee retention. As we continue to evolve our strategy, it is possible that we will incur material future restructuring costs, but we are unable to forecast the timing and magnitude of such costs. All charges incurred related to the exit from Mexico and strategic realignment described above were from continuing operations and were presented as follows ($ in millions): Statement of Three Months Ended May 1, 2021 Cumulative as of April 30, 2022 Earnings Location Domestic International Total Domestic International Total Inventory markdowns Cost of sales $ - $ ( 6 ) $ ( 6 ) $ - $ 17 $ 17 Asset impairments (1) Restructuring charges - 3 3 10 63 73 Termination benefits Restructuring charges ( 44 ) ( 1 ) ( 45 ) 83 19 102 Currency translation adjustment Restructuring charges - - - - 39 39 Other (2) Restructuring charges - - - - 6 6 $ ( 44 ) $ ( 4 ) $ ( 48 ) $ 93 $ 144 $ 237 (1) Remaining net carrying value approximates fair value and was immaterial as of April 30, 2022. (2) Other charges are primarily comprised of contract termination costs. There were no material restructuring charges in the first quarter of fiscal 2023 and no material liability remains.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Apr. 30, 2022
Goodwill and Intangible Assets [Abstract]
Goodwill and Intangible Assets	3. Goodwill and Intangible Assets Goodwill Goodwill balances by reportable segment were as follows ($ in millions): April 30, 2022 January 29, 2022 May 1, 2021 Gross Carrying Amount Cumulative Impairment Gross Carrying Amount Cumulative Impairment Gross Carrying Amount Cumulative Impairment Domestic $ 1,452 $ ( 67 ) $ 1,451 $ ( 67 ) $ 1,053 $ ( 67 ) International 608 ( 608 ) 608 ( 608 ) 608 ( 608 ) Total $ 2,060 $ ( 675 ) $ 2,059 $ ( 675 ) $ 1,661 $ ( 675 ) No impairment charges were recorded during the fiscal periods presented. Definite-Lived Intangible Assets We have definite-lived intangible assets that are recorded within Other assets on our Condensed Consolidated Balance Sheets as follows ($ in millions): April 30, 2022 January 29, 2022 May 1, 2021 Weighted-Average Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Useful Life Remaining as of April 30, 2022 (in years) Customer relationships $ 360 $ 194 $ 360 $ 180 $ 339 $ 138 7.6 Tradenames 108 43 108 38 81 27 5.7 Developed technology 64 42 64 39 56 30 2.7 Total $ 532 $ 279 $ 532 $ 257 $ 476 $ 195 6.7 Amortization expense was as follows ($ in millions): Statement of Three Months Ended Earnings Location April 30, 2022 May 1, 2021 Amortization expense SG&A $ 22 $ 20 Amortization expense expected to be recognized in future periods is as follows ($ in millions): Amortization Expense Remainder of fiscal 2023 $ 64 Fiscal 2024 60 Fiscal 2025 22 Fiscal 2026 21 Fiscal 2027 18 Fiscal 2028 12 Thereafter 56

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Apr. 30, 2022
Fair Value Measurements [Abstract]
Fair Value Measurements	4 . Fair Value Measurements Fair value measurements are reported in one of three levels based on the lowest level of significant input used: Level 1 (unadjusted quoted prices in active markets); Level 2 (observable market inputs, other than quoted prices included in Level 1); and Level 3 (unobservable inputs that cannot be corroborated by observable market data). Recurring Fair Value Measurements Financial assets accounted for at fair value were as follows ($ in millions): Fair Value at Balance Sheet Location (1) Fair Value Hierarchy April 30, 2022 January 29, 2022 May 1, 2021 Assets Money market funds (2) Cash and cash equivalents Level 1 $ 2 $ 548 $ 1,063 Time deposits (3) Cash and cash equivalents Level 2 27 278 639 Time deposits (3) Short-term investments Level 2 - - 60 Time deposits (3) Other current assets Level 2 - - 65 Interest rate swap derivative instruments (4) Other assets Level 2 4 50 65 Marketable securities that fund deferred compensation (5) Other assets Level 1 51 54 53 (1) Balance sheet location is determined by length to maturity. (2) Valued at quoted market prices in active markets. (3) Valued at face value plus accrued interest, which approximates fair value. (4) Valued using readily observable market inputs. These instruments are custom, over-the-counter contracts with various bank counterparties that are not traded on an active market. See Note 5, Derivative Instruments , for additional information. (5) Valued using select mutual fund performance that trade with sufficient frequency and volume to obtain pricing information on an ongoing basis. Fair Value of Financial Instruments The fair values of cash, receivables, accounts payable, short-term debt and other payables approximated their carrying values because of the short-term nature of these instruments. If these instruments were measured at fair value in the financial statements, they would be classified as Level 1 in the fair value hierarchy. Fair values for other investments held at cost are not readily available, but we estimate that the carrying values for these investments approximate their fair values. Long-term debt is presented at carrying value on our Condensed Consolidated Balance Sheets. If our long-term debt were recorded at fair value, it would be classified as Level 2 in the fair value hierarchy. Long-term debt balances were as follows ($ in millions): April 30, 2022 January 29, 2022 May 1, 2021 Fair Value Carrying Value Fair Value Carrying Value Fair Value Carrying Value Long-term debt (1) $ 1,050 $ 1,154 $ 1,205 $ 1,200 $ 1,260 $ 1,215 (1) Excludes debt discounts, issuance costs and finance lease obligations.

Derivative Instruments

Derivative Instruments	3 Months Ended
	Apr. 30, 2022
Derivative Instruments [Abstract]
Derivative Instruments	5. Derivative Instruments We manage our economic and transaction exposure to certain risks by using foreign exchange forward contracts to hedge against the effect of Canadian dollar exchange rate fluctuations on a portion of our net investment in our Canadian operations and by using interest rate swaps to mitigate the effect of interest rate fluctuations on our $ 500 million principal amount of notes due October 1, 2028 (“2028 Notes”). In addition, we use foreign currency forward contracts not designated as hedging instruments to manage the impact of fluctuations in foreign currency exchange rates relative to recognized receivable and payable balances denominated in non-functional currencies. Our derivative instruments designated as net investment hedges and interest rate swaps are recorded on our Condensed Consolidated Balance Sheets at fair value. See Note 4, Fair Value Measurements , for gross fair values of our outstanding derivative instruments and corresponding fair value classifications. Notional amounts of our derivative instruments were as follows ($ in millions): Contract Type April 30, 2022 January 29, 2022 May 1, 2021 Derivatives designated as net investment hedges $ 107 $ 155 $ 94 Derivatives designated as interest rate swaps 500 500 500 No hedge designation (foreign exchange contracts) 61 68 34 Total $ 668 $ 723 $ 628 Effects of our derivatives on our Condensed Consolidated Statements of Earnings were as follows ($ in millions): Gain (Loss) Recognized Statement of Three Months Ended Earnings Location April 30, 2022 May 1, 2021 Interest rate swap contracts Interest expense $ ( 45 ) $ ( 26 ) Adjustments to carrying value of long-term debt Interest expense 45 26 Total $ - $ -

Debt

Debt	3 Months Ended
	Apr. 30, 2022
Debt [Abstract]
Debt	6. Debt Short-Term Debt U.S. Revolving Credit Facility On May 18, 2021, we entered into a $ 1.25 billion five year senior unsecured revolving credit facility agreement (the “Five-Year Facility Agreement”) with a syndicate of banks. The Five-Year Facility Agreement replaced the previous $ 1.25 billion senior unsecured revolving credit facility (the “Previous Facility”) with a syndicate of banks, which was originally scheduled to expire in April 2023, but was terminated on May 18, 2021. The Five-Year Facility Agreement permits borrowings of up to $ 1.25 billion and expires in May 2026. There were no borrowings outstanding under the Five-Year Facility Agreement as of April 30, 2022, and January 29, 2022, or the Previous Facility as of May 1, 2021. Bank Advance In conjunction with a solar energy investment, we were advanced $ 110 million due October 31, 2021. The advance was recorded within Short-term debt on our Condensed Consolidated Balance Sheets as of May 1, 2021, and bore interest at 0.14 %. This advance was repaid on October 29, 2021. Long-Term Debt Long-term debt consisted of the following ($ in millions): April 30, 2022 January 29, 2022 May 1, 2021 Notes, 4.45 %, due October 1, 2028 $ 500 $ 500 $ 500 Notes, 1.95 %, due October 1, 2030 650 650 650 Interest rate swap valuation adjustments 4 50 65 Subtotal 1,154 1,200 1,215 Debt discounts and issuance costs ( 10 ) ( 11 ) ( 12 ) Finance lease obligations 41 40 41 Total long-term debt 1,185 1,229 1,244 Less current portion 15 13 15 Total long-term debt, less current portion $ 1,170 $ 1,216 $ 1,229 See Note 4, Fair Value Measurements , for the fair value of long-term debt.

Revenue

Revenue	3 Months Ended
	Apr. 30, 2022
Revenue [Abstract]
Revenue	7. Revenue We generate substantially all of our revenue from contracts with customers for the sale of products and services. Contract balances primarily consist of receivables and liabilities related to product merchandise not yet delivered to customers, unfulfilled membership benefits and services not yet completed, unredeemed gift cards and options that provide a material right to customers, such as our customer loyalty programs. Contract balances were as follows ($ in millions): April 30, 2022 January 29, 2022 May 1, 2021 Receivables, net (1) $ 526 $ 591 $ 545 Short-term contract liabilities included in: Unredeemed gift card liabilities 284 316 297 Deferred revenue 1,101 1,103 734 Accrued liabilities 82 83 79 (1) Receivables are recorded net of allowances for doubtful accounts of $ 25 million, $ 31 million and $ 25 million as of April 30, 2022, January 29, 2022, and May 1, 2021, respectively. During the first three months of fiscal 2023 and fiscal 2022, $ 829 million and $ 684 million of revenue was recognized, respectively, that was included in the contract liabilities at the beginning of the respective periods. See Note 11, Segments , for information on our revenue by reportable segment and product category.

Earnings per Share

Earnings per Share	3 Months Ended
	Apr. 30, 2022
Earnings per Share [Abstract]
Earnings per Share	8. Earnings per Share We compute our basic earnings per share based on the weighted-average number of common shares outstanding and our diluted earnings per share based on the weighted-average number of common shares outstanding adjusted by the number of additional shares that would have been outstanding had potentially dilutive common shares been issued. Reconciliations of the numerators and denominators of basic and diluted earnings per share were as follows ($ and shares in millions, except per share amounts): Three Months Ended April 30, 2022 May 1, 2021 Numerator Net earnings $ 341 $ 595 Denominator Weighted-average common shares outstanding 226.8 253.1 Dilutive effect of stock compensation plan awards 1.6 3.6 Weighted-average common shares outstanding, assuming dilution 228.4 256.7 Potential shares which were anti-dilutive and excluded from weighted-average share computations 2.2 1.1 Basic earnings per share $ 1.50 $ 2.35 Diluted earnings per share $ 1.49 $ 2.32

Repurchase of Common Stock

Repurchase of Common Stock	3 Months Ended
	Apr. 30, 2022
Shareholders' Equity [Abstract]
Shareholders' Equity	9. Repurchase of Common Stock On February 28, 2022, our Board of Directors approved a new $ 5.0 billion share repurchase program, which replaced the $ 5.0 billion share repurchase program authorized on February 16, 2021 . There is no expiration date governing the period over which we can repurchase shares under this authorization. On May 24, 2022, we reaffirmed our plans to spend approximately $ 1.5 billion on share repurchases in fiscal 2023. Information regarding the shares we repurchased and retired was as follows ($ and shares in millions, except per share amounts): Three Months Ended April 30, 2022 May 1, 2021 Total cost of shares repurchased $ 442 $ 915 Average price per share $ 97.18 $ 108.69 Number of shares repurchased 4.5 8.4 As of April 30, 2022, $ 4.7 billion of the $ 5.0 billion share repurchase authorization was available.

Contingencies

Contingencies	3 Months Ended
	Apr. 30, 2022
Contingencies [Abstract]
Contingencies	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.

Segments

Segments	3 Months Ended
	Apr. 30, 2022
Segments [Abstract]
Segments	11. Segments Reportable segment and product category revenue information was as follows ($ in millions): Three Months Ended April 30, 2022 May 1, 2021 Revenue by reportable segment Domestic $ 9,894 $ 10,841 International 753 796 Total revenue $ 10,647 $ 11,637 Revenue by product category Domestic: Computing and Mobile Phones $ 4,285 $ 4,793 Consumer Electronics 2,896 3,238 Appliances 1,590 1,548 Entertainment 573 669 Services 489 556 Other 61 37 Total Domestic revenue $ 9,894 $ 10,841 International: Computing and Mobile Phones $ 344 $ 394 Consumer Electronics 213 217 Appliances 71 68 Entertainment 57 65 Services 54 35 Other 14 17 Total International revenue $ 753 $ 796 Operating income by reportable segment and the reconciliation to consolidated earnings before income tax expense and equity in income of affiliates was as follows ($ in millions): Three Months Ended April 30, 2022 May 1, 2021 Domestic $ 429 $ 734 International 33 35 Total operating income 462 769 Other income (expense): Investment income (expense) and other ( 5 ) 3 Interest expense ( 6 ) ( 6 ) Earnings before income tax expense and equity in income of affiliates $ 451 $ 766 Assets by reportable segment were as follows ($ in millions): April 30, 2022 January 29, 2022 May 1, 2021 Domestic $ 14,132 $ 16,016 $ 16,490 International 1,119 1,488 1,215 Total assets $ 15,251 $ 17,504 $ 17,705

Basis of Presentation (Tables)

Basis of Presentation (Tables)	3 Months Ended
	Apr. 30, 2022
Basis of Presentation [Abstract]
Total Cash, Cash Equivalents and Restricted Cash	April 30, 2022 January 29, 2022 May 1, 2021 Cash and cash equivalents $ 640 $ 2,936 $ 4,278 Restricted cash included in Other current assets 320 269 115 Total cash, cash equivalents and restricted cash $ 960 $ 3,205 $ 4,393

Restructuring (Tables)

Restructuring (Tables)	3 Months Ended
	Apr. 30, 2022
Restructuring [Abstract]
Composition of Restructuring Charges	Statement of Three Months Ended May 1, 2021 Cumulative as of April 30, 2022 Earnings Location Domestic International Total Domestic International Total Inventory markdowns Cost of sales $ - $ ( 6 ) $ ( 6 ) $ - $ 17 $ 17 Asset impairments (1) Restructuring charges - 3 3 10 63 73 Termination benefits Restructuring charges ( 44 ) ( 1 ) ( 45 ) 83 19 102 Currency translation adjustment Restructuring charges - - - - 39 39 Other (2) Restructuring charges - - - - 6 6 $ ( 44 ) $ ( 4 ) $ ( 48 ) $ 93 $ 144 $ 237 (1) Remaining net carrying value approximates fair value and was immaterial as of April 30, 2022. (2) Other charges are primarily comprised of contract termination costs.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Apr. 30, 2022
Goodwill and Intangible Assets [Abstract]
Gross Carrying Amount of Goodwill and Cumulative Goodwill Impairment	April 30, 2022 January 29, 2022 May 1, 2021 Gross Carrying Amount Cumulative Impairment Gross Carrying Amount Cumulative Impairment Gross Carrying Amount Cumulative Impairment Domestic $ 1,452 $ ( 67 ) $ 1,451 $ ( 67 ) $ 1,053 $ ( 67 ) International 608 ( 608 ) 608 ( 608 ) 608 ( 608 ) Total $ 2,060 $ ( 675 ) $ 2,059 $ ( 675 ) $ 1,661 $ ( 675 )
Definite-Lived Intangible Assets	April 30, 2022 January 29, 2022 May 1, 2021 Weighted-Average Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Useful Life Remaining as of April 30, 2022 (in years) Customer relationships $ 360 $ 194 $ 360 $ 180 $ 339 $ 138 7.6 Tradenames 108 43 108 38 81 27 5.7 Developed technology 64 42 64 39 56 30 2.7 Total $ 532 $ 279 $ 532 $ 257 $ 476 $ 195 6.7
Amortization Expense	Statement of Three Months Ended Earnings Location April 30, 2022 May 1, 2021 Amortization expense SG&A $ 22 $ 20
Amortization Expense Expected to be Recognized	Amortization Expense Remainder of fiscal 2023 $ 64 Fiscal 2024 60 Fiscal 2025 22 Fiscal 2026 21 Fiscal 2027 18 Fiscal 2028 12 Thereafter 56

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Apr. 30, 2022
Fair Value Measurements [Abstract]
Fair Value, Assets and Liabilities Measured on Recurring Basis	Fair Value at Balance Sheet Location (1) Fair Value Hierarchy April 30, 2022 January 29, 2022 May 1, 2021 Assets Money market funds (2) Cash and cash equivalents Level 1 $ 2 $ 548 $ 1,063 Time deposits (3) Cash and cash equivalents Level 2 27 278 639 Time deposits (3) Short-term investments Level 2 - - 60 Time deposits (3) Other current assets Level 2 - - 65 Interest rate swap derivative instruments (4) Other assets Level 2 4 50 65 Marketable securities that fund deferred compensation (5) Other assets Level 1 51 54 53 (1) Balance sheet location is determined by length to maturity. (2) Valued at quoted market prices in active markets. (3) Valued at face value plus accrued interest, which approximates fair value. (4) Valued using readily observable market inputs. These instruments are custom, over-the-counter contracts with various bank counterparties that are not traded on an active market. See Note 5, Derivative Instruments , for additional information. (5) Valued using select mutual fund performance that trade with sufficient frequency and volume to obtain pricing information on an ongoing basis.
Fair Value of Financial Instruments	April 30, 2022 January 29, 2022 May 1, 2021 Fair Value Carrying Value Fair Value Carrying Value Fair Value Carrying Value Long-term debt (1) $ 1,050 $ 1,154 $ 1,205 $ 1,200 $ 1,260 $ 1,215 (1) Excludes debt discounts, issuance costs and finance lease obligations.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Apr. 30, 2022
Derivative Instruments [Abstract]
Notional Amount of Derivative Instruments	Contract Type April 30, 2022 January 29, 2022 May 1, 2021 Derivatives designated as net investment hedges $ 107 $ 155 $ 94 Derivatives designated as interest rate swaps 500 500 500 No hedge designation (foreign exchange contracts) 61 68 34 Total $ 668 $ 723 $ 628
Effects of Derivative Instruments on OCI and Earnings	Gain (Loss) Recognized Statement of Three Months Ended Earnings Location April 30, 2022 May 1, 2021 Interest rate swap contracts Interest expense $ ( 45 ) $ ( 26 ) Adjustments to carrying value of long-term debt Interest expense 45 26 Total $ - $ -

Debt (Tables)

Debt (Tables)	3 Months Ended
	Apr. 30, 2022
Debt [Abstract]
Schedule of Long-term Debt	April 30, 2022 January 29, 2022 May 1, 2021 Notes, 4.45 %, due October 1, 2028 $ 500 $ 500 $ 500 Notes, 1.95 %, due October 1, 2030 650 650 650 Interest rate swap valuation adjustments 4 50 65 Subtotal 1,154 1,200 1,215 Debt discounts and issuance costs ( 10 ) ( 11 ) ( 12 ) Finance lease obligations 41 40 41 Total long-term debt 1,185 1,229 1,244 Less current portion 15 13 15 Total long-term debt, less current portion $ 1,170 $ 1,216 $ 1,229

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Apr. 30, 2022
Revenue [Abstract]
Contract Balances and Changes in Contract Balances	April 30, 2022 January 29, 2022 May 1, 2021 Receivables, net (1) $ 526 $ 591 $ 545 Short-term contract liabilities included in: Unredeemed gift card liabilities 284 316 297 Deferred revenue 1,101 1,103 734 Accrued liabilities 82 83 79 (1) Receivables are recorded net of allowances for doubtful accounts of $ 25 million, $ 31 million and $ 25 million as of April 30, 2022, January 29, 2022, and May 1, 2021, respectively.

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Apr. 30, 2022
Earnings per Share [Abstract]
Schedule of Calculation of Numerator and Denominator in Earnings Per Share	Three Months Ended April 30, 2022 May 1, 2021 Numerator Net earnings $ 341 $ 595 Denominator Weighted-average common shares outstanding 226.8 253.1 Dilutive effect of stock compensation plan awards 1.6 3.6 Weighted-average common shares outstanding, assuming dilution 228.4 256.7 Potential shares which were anti-dilutive and excluded from weighted-average share computations 2.2 1.1 Basic earnings per share $ 1.50 $ 2.35 Diluted earnings per share $ 1.49 $ 2.32

Repurchase of Common Stock (Tab

Repurchase of Common Stock (Tables)	3 Months Ended
	Apr. 30, 2022
Shareholders' Equity [Abstract]
Schedule of share repurchases	Three Months Ended April 30, 2022 May 1, 2021 Total cost of shares repurchased $ 442 $ 915 Average price per share $ 97.18 $ 108.69 Number of shares repurchased 4.5 8.4

Segments (Tables)

Segments (Tables)	3 Months Ended
	Apr. 30, 2022
Segments [Abstract]
Revenue by Reportable Segment and Product Category	Three Months Ended April 30, 2022 May 1, 2021 Revenue by reportable segment Domestic $ 9,894 $ 10,841 International 753 796 Total revenue $ 10,647 $ 11,637 Revenue by product category Domestic: Computing and Mobile Phones $ 4,285 $ 4,793 Consumer Electronics 2,896 3,238 Appliances 1,590 1,548 Entertainment 573 669 Services 489 556 Other 61 37 Total Domestic revenue $ 9,894 $ 10,841 International: Computing and Mobile Phones $ 344 $ 394 Consumer Electronics 213 217 Appliances 71 68 Entertainment 57 65 Services 54 35 Other 14 17 Total International revenue $ 753 $ 796
Operating Income by Reportable Segment and Reconciliation to Earnings Before Income Tax Expense	Three Months Ended April 30, 2022 May 1, 2021 Domestic $ 429 $ 734 International 33 35 Total operating income 462 769 Other income (expense): Investment income (expense) and other ( 5 ) 3 Interest expense ( 6 ) ( 6 ) Earnings before income tax expense and equity in income of affiliates $ 451 $ 766
Assets by Reportable Segment	April 30, 2022 January 29, 2022 May 1, 2021 Domestic $ 14,132 $ 16,016 $ 16,490 International 1,119 1,488 1,215 Total assets $ 15,251 $ 17,504 $ 17,705

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ in Millions	Apr. 30, 2022	Jan. 29, 2022	May 01, 2021	Jan. 30, 2021
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Cash and cash equivalents	$ 640	$ 2,936	$ 4,278
Restricted cash included in Other current assets	320	269	115
Total cash, cash equivalents and restricted cash	$ 960	$ 3,205	$ 4,393	$ 5,625

Restructuring (Narrative) (Deta

Restructuring (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 1	$ (42)
Termination Benefits [Member] | Mexico Exit And Strategic Realignment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 44

Restructuring (Composition of R

Restructuring (Composition of Restructuring Charges) (Details) - Mexico Exit And Strategic Realignment [Member] - Continuing Operations [Member] - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 237	$ (48)
Domestic [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	93	(44)
International [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	144	(4)
Inventory Markdowns [Member] | Cost of Sales [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	17	(6)
Inventory Markdowns [Member] | International [Member] | Cost of Sales [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	17	(6)
Asset Impairments [Member] | Restructuring Charges [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	73	3
Asset Impairments [Member] | Domestic [Member] | Restructuring Charges [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	10
Asset Impairments [Member] | International [Member] | Restructuring Charges [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	63	3
Termination Benefits [Member] | Restructuring Charges [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	102	(45)
Termination Benefits [Member] | Domestic [Member] | Restructuring Charges [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	83	(44)
Termination Benefits [Member] | International [Member] | Restructuring Charges [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	19	$ (1)
Currency Translation Adjustment [Member] | Restructuring Charges [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	39
Currency Translation Adjustment [Member] | International [Member] | Restructuring Charges [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	39
Other [Member] | Restructuring Charges [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	6
Other [Member] | International [Member] | Restructuring Charges [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 6

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Narrative) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Apr. 30, 2022	May 01, 2021	Jan. 29, 2022
Goodwill and Intangible Assets [Abstract]
Goodwill and intangible assets impairment charges	$ 0	$ 0	$ 0

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Gross Carrying Amount of Goodwill and Cumulative Goodwill Impairment) (Details) - USD ($) $ in Millions	Apr. 30, 2022	Jan. 29, 2022	May 01, 2021
Goodwill [Line Items]
Gross Carrying Amount	$ 2,060	$ 2,059	$ 1,661
Cumulative Impairment	(675)	(675)	(675)
Domestic [Member]
Goodwill [Line Items]
Gross Carrying Amount	1,452	1,451	1,053
Cumulative Impairment	(67)	(67)	(67)
International [Member]
Goodwill [Line Items]
Gross Carrying Amount	608	608	608
Cumulative Impairment	$ (608)	$ (608)	$ (608)

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets (Definite-Lived Intangible Assets) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	Jan. 29, 2022	May 01, 2021
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 532	$ 532	$ 476
Accumulated Amortization	$ 279	257	195
Weighted-Average Useful Life Remaining	6 years 8 months 12 days
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 360	360	339
Accumulated Amortization	$ 194	180	138
Weighted-Average Useful Life Remaining	7 years 7 months 6 days
Tradename [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 108	108	81
Accumulated Amortization	$ 43	38	27
Weighted-Average Useful Life Remaining	5 years 8 months 12 days
Developed Technology [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 64	64	56
Accumulated Amortization	$ 42	$ 39	$ 30
Weighted-Average Useful Life Remaining	2 years 8 months 12 days

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets (Amortization Expense) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Goodwill and Intangible Assets [Abstract]
Amortization expense	$ 22	$ 20

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets (Amortization Expense Expected to be Recognized) (Details) $ in Millions	Apr. 30, 2022USD ($)
Goodwill and Intangible Assets [Abstract]
Remainder of fiscal 2023	$ 64
Fiscal 2024	60
Fiscal 2025	22
Fiscal 2026	21
Fiscal 2027	18
Fiscal 2028	12
Thereafter	$ 56

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value, Assets and Liabilities Measured on Recurring Basis) (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Millions	Apr. 30, 2022	Jan. 29, 2022	May 01, 2021
Level 1 [Member] | Money market funds [Member]
Assets
Cash and cash equivalents	$ 2	$ 548	$ 1,063
Level 1 [Member] | Marketable securities that fund deferred compensation [Member]
Assets
Other assets	51	54	53
Level 2 [Member] | Time deposits [Member]
Assets
Cash and cash equivalents	27	278	639
Short-term investments			60
Other current assets			65
Level 2 [Member] | Interest Rate Swap Derivative Instruments [Member]
Assets
Other assets	$ 4	$ 50	$ 65

Fair Value Measurements (Fair_2

Fair Value Measurements (Fair Value of Financial Instruments) (Details) - USD ($) $ in Millions	Apr. 30, 2022	Jan. 29, 2022	May 01, 2021
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Carrying value	$ 1,154	$ 1,200	$ 1,215
Level 2 [Member] | Debt [Member] | Long-term debt [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	1,050	1,205	1,260
Carrying value	$ 1,154	$ 1,200	$ 1,215

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details)	Apr. 30, 2022USD ($)
Notes due 2028 [Member]
Derivative [Line Items]
Debt Instrument, Face Amount	$ 500,000,000

Derivative Instruments (Notiona

Derivative Instruments (Notional Amount of Derivative Instruments) (Details) - USD ($) $ in Millions	Apr. 30, 2022	Jan. 29, 2022	May 01, 2021
Derivatives, Fair Value [Line Items]
Notional Amount	$ 668	$ 723	$ 628
Derivatives Designated As Net Investment Hedges [Member] | Designated As Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	107	155	94
Interest Rate Swap Derivative Instruments [Member] | Designated As Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	500	500	500
Foreign Exchange Forward Contracts [Member] | Not Designated As Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	$ 61	$ 68	$ 34

Derivative Instruments (Effects

Derivative Instruments (Effects of Interest Rate Derivatives and Adjustments to LTD on Earnings) (Details) - Interest Expense [Member] - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Interest Rate Swap Derivative Instruments [Member]
Derivatives, Fair Value [Line Items]
Derivative, Loss on Derivative	$ (45)	$ (26)
Carrying Value Of Long Term Debt [Member]
Derivatives, Fair Value [Line Items]
Derivative, Gain on Derivative	$ 45	$ 26

Debt (Narrative) (Short-Term De

Debt (Narrative) (Short-Term Debt) (Details) - USD ($)	3 Months Ended
	Apr. 30, 2022	Jan. 29, 2022	May 01, 2021
Five-Year Facility Agreement [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 1,250,000,000
Debt instrument, term	5 years
Outstanding borrowings	$ 0	$ 0	$ 0
Bank Advance [Member]
Line of Credit Facility [Line Items]
Interest rate	0.14%
Debt Instrument, Face Amount	$ 110,000,000
Notes Due 2030 [Member]
Line of Credit Facility [Line Items]
Interest rate	1.95%

Debt (Schedule of Long-Term Deb

Debt (Schedule of Long-Term Debt) (Details) - USD ($) $ in Millions	Apr. 30, 2022	Jan. 29, 2022	May 01, 2021
Debt Instrument [Line Items]
Total	$ 1,154	$ 1,200	$ 1,215
Debt discounts and issuance costs	(10)	(11)	(12)
Finance lease obligations	41	40	41
Total long-term debt	1,185	1,229	1,244
Less current portion	15	13	15
Total long-term debt, less current portion	1,170	1,216	1,229
Interest Rate Swap Derivative Instruments [Member]
Debt Instrument [Line Items]
Interest rate swap valuation adjustments	4	50	65
Notes due 2028 [Member]
Debt Instrument [Line Items]
Long-term debt	$ 500	500	500
Interest rate	4.45%
Notes Due 2030 [Member]
Debt Instrument [Line Items]
Long-term debt	$ 650	$ 650	$ 650
Interest rate	1.95%

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Apr. 30, 2022	Jan. 29, 2022
Revenue [Abstract]
Revenue recognized	$ 829	$ 684

Revenue (Contract Balances and

Revenue (Contract Balances and Changes in Contract Balances) (Details) - USD ($) $ in Millions	Apr. 30, 2022	Jan. 29, 2022	May 01, 2021
Revenue from Contract with Customer [Line Items]
Receivables, net	$ 526	$ 591	$ 545
Short-term contract liabilities included in:
Receivables, allowance for doubtful accounts	25	31	25
Unredeemed Gift Cards [Member]
Short-term contract liabilities included in:
Short-term contract liabilities	284	316	297
Deferred Revenue [Member]
Short-term contract liabilities included in:
Short-term contract liabilities	1,101	1,103	734
Accrued Liability [Member]
Short-term contract liabilities included in:
Short-term contract liabilities	$ 82	$ 83	$ 79

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Earnings per Share [Abstract]
Net earnings	$ 341	$ 595
Weighted-average common shares outstanding (in shares)	226.8	253.1
Dilutive effect of stock compensation plan awards (in shares)	1.6	3.6
Weighted-average common shares outstanding, assuming dilution (in shares)	228.4	256.7
Potential shares which were anti-dilutive and excluded from weighted-average share computations (in shares)	2.2	1.1
Basic earnings per share	$ 1.50	$ 2.35
Diluted earnings per share	$ 1.49	$ 2.32

Repurchase of Common Stock (Nar

Repurchase of Common Stock (Narrative) (Details) - USD ($) $ in Millions	May 24, 2022	Apr. 30, 2022	May 01, 2021	Feb. 28, 2022
Stock Repurchases [Line Items]
Repurchase of common stock		$ 442	$ 915
February 2021 Share Repurchase Program [Member]
Stock Repurchases [Line Items]
Stock Repurchase Program, Authorized Amount		5,000		$ 5,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount		$ 4,700
February 2022 Share Repurchase Program [Member]
Stock Repurchases [Line Items]
Stock Repurchase Program, Authorized Amount				$ 5,000
Scenario, Plan [Member] | February 2021 Share Repurchase Program [Member]
Stock Repurchases [Line Items]
Repurchase of common stock	$ 1,500

Repurchase of Common Stock (Sch

Repurchase of Common Stock (Schedule of share repurchases) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Shareholders' Equity [Abstract]
Total cost of shares repurchased	$ 442	$ 915
Average price per share	$ 97.18	$ 108.69
Number of shares repurchased	4.5	8.4

Segments (Revenue by Reportable

Segments (Revenue by Reportable Segment and Product Category) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 10,647	$ 11,637
Domestic Segment [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	9,894	10,841
Domestic Segment [Member] | Computing and Mobile Phones [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	4,285	4,793
Domestic Segment [Member] | Consumer Electronics [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	2,896	3,238
Domestic Segment [Member] | Appliances [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	1,590	1,548
Domestic Segment [Member] | Entertainment [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	573	669
Domestic Segment [Member] | Services [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	489	556
Domestic Segment [Member] | Other [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	61	37
International Segment [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	753	796
International Segment [Member] | Computing and Mobile Phones [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	344	394
International Segment [Member] | Consumer Electronics [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	213	217
International Segment [Member] | Appliances [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	71	68
International Segment [Member] | Entertainment [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	57	65
International Segment [Member] | Services [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	54	35
International Segment [Member] | Other [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 14	$ 17

Segments (Operating Income by R

Segments (Operating Income by Reportable Segment and Reconciliation to Earnings Before Income Tax Expense) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating income	$ 462	$ 769
Investment income (expense) and other	(5)	3
Interest expense	(6)	(6)
Earnings before income tax expense and equity in income of affiliates	451	766
Domestic Segment [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating income	429	734
International Segment [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating income	$ 33	$ 35

Segments (Assets by Reportable

Segments (Assets by Reportable Segment) (Details) - USD ($) $ in Millions	Apr. 30, 2022	Jan. 29, 2022	May 01, 2021
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 15,251	$ 17,504	$ 17,705
Domestic Segment [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	14,132	16,016	16,490
International Segment [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 1,119	$ 1,488	$ 1,215