Exhibit 12.1
Best Buy Co., Inc.
Computation of Ratio of Earnings to Fixed Charges
(in millions, except ratios)
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| Nine Months Ended |
| Year Ended |
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| November 27, |
| November 28, |
| February |
| February |
| March 1, |
| March 3, |
| February |
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Earnings before income taxes, noncontrolling interests and equity in income (loss) of affiliates |
| $ | 1,078 |
| $ | 922 |
| $ | 2,195 |
| $ | 1,700 |
| $ | 2,228 |
| $ | 2,130 |
| $ | 1,721 |
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Fixed Charges: |
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Interest portion of rental expense |
| $ | 258 |
| $ | 251 |
| $ | 338 |
| $ | 282 |
| $ | 222 |
| $ | 198 |
| $ | 165 |
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Interest expense |
| 64 |
| 68 |
| 94 |
| 94 |
| 62 |
| 31 |
| 30 |
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Total fixed charges |
| $ | 322 |
| $ | 319 |
| $ | 432 |
| $ | 376 |
| $ | 284 |
| $ | 229 |
| $ | 195 |
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Earnings available for fixed charges |
| $ | 1,400 |
| $ | 1,241 |
| $ | 2,627 |
| $ | 2,076 |
| $ | 2,512 |
| $ | 2,359 |
| $ | 1,916 |
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Ratio of Earnings to Fixed Charges |
| 4.35x |
| 3.89x |
| 6.08x |
| 5.52x |
| 8.85x |
| 10.30x |
| 9.83x |
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