v3.26.1
Segments
 3 Months Ended
May 02, 2026
Segment Reporting [Abstract]  
Segments Segments
Revenue Category Reclassification

Beginning in the first quarter of fiscal 2027, we reclassified certain amounts within our revenue categories to better align with management's current view of the business. The reclassification primarily relates to credit card revenue and digital content revenue (including digital gaming, software and subscriptions) that were previously included in various product revenue categories and, following the reclassification, are now included within services revenue. The reclassification impacts only the presentation of revenue by category and does not affect previously reported total revenue, net earnings or cash flows.
The key components of each revenue category are now as follows:

•Computing and Mobile Phones - computing (including desktops, notebooks and peripherals), mobile phones (including related mobile network carrier commissions), networking, tablets (including e-readers) and wearables (including smartwatches);
•Consumer Electronics - digital imaging, health and fitness products, home theater (including accessories, soundbars and televisions), portable audio (including headphones and portable speakers) and smart home;
•Appliances - large appliances (including dishwashers, laundry, ovens and refrigerators) and small appliances (including blenders, coffee makers, vacuums and personal care);
•Entertainment - drones, gaming (including hardware, peripherals and certain software, as well as augmented reality glasses), toys and virtual reality;
•Services - advertising, credit card revenue, digital content (including digital gaming, software and subscriptions), fulfillment, health-related services, installation, marketplace commissions, memberships, repair, technical support and warranty-related services; and
•Other - other product offerings (including baby, food and beverage and outdoor living).

Revenue information by segment and category was as follows ($ in millions):
Three Months Ended
May 2, 2026
May 3, 2025(1)
Domestic:
Computing and Mobile Phones$3,887 $3,737 
Consumer Electronics2,151 2,215 
Appliances841 979 
Services786 749 
Entertainment548 398 
Other36 49 
Total Domestic revenue8,249 8,127 
International:
Computing and Mobile Phones343 317 
Consumer Electronics180 171 
Appliances53 56 
Services49 47 
Entertainment51 41 
Other11 8 
Total International revenue687 640 
Total revenue$8,936 $8,767 
(1)Amounts for the three months ended May 3, 2025, have been recast to conform to the current presentation. See Revenue Category Reclassification, above, for additional information.
Adjusted operating income by segment and the reconciliation to consolidated earnings before income tax expense and equity in loss of affiliates were as follows ($ in millions):
Three Months Ended
May 2, 2026May 3, 2025
Domestic(1)
InternationalTotal
Domestic(1)
InternationalTotal
Revenue$8,249 $687 $8,936 $8,127 $640 $8,767 
Cost of sales6,295 539 6,834 6,219 499 6,718 
Adjusted SG&A(2)
1,596 143 1,739 1,579 137 1,716 
Adjusted operating income$358 $5 363 $329 $4 333 
Restructuring charges(9)109 
Intangible asset amortization2 5 
Operating income370 219 
Other income (expense):
Investment income and other19 15 
Interest expense(11)(12)
Earnings before income tax expense and equity in loss of affiliates$378 $222 
(1)Domestic segment Adjusted operating income includes certain operations that are based in foreign tax jurisdictions and primarily relate to sourcing products into the U.S.
(2)Adjusted SG&A excludes amortization of definite-lived intangible assets associated with acquisitions.

Cash flow and other expense information by segment was as follows ($ in millions):
Three Months Ended
May 2, 2026May 3, 2025
Capital expenditures
Domestic$145 $150 
International15 16 
Total capital expenditures$160 $166 
Depreciation and amortization
Domestic$182 $201 
International12 10 
Total depreciation and amortization$194 $211 

Asset information by segment was as follows ($ in millions):
May 2, 2026January 31, 2026May 3, 2025
Domestic$13,586 $13,407 $12,835 
International1,304 1,263 1,293 
Total assets$14,890 $14,670 $14,128