v3.26.1
Restructuring (Tables)
 3 Months Ended
May 02, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Composition of Restructuring Charges
Restructuring charges were as follows ($ in millions):
Three Months Ended
May 2, 2026May 3, 2025
Fiscal 2026 Labor and Store Optimization Initiative$(8)$- 
Best Buy Health Optimization and China Sourcing Initiative(1)111 
Fiscal 2024 Restructuring Initiative- (2)
Total$(9)$109 
The composition of restructuring charges incurred related to this initiative were as follows ($ in millions):
Three Months Ended May 2, 2026Cumulative Amount as of May 2, 2026
DomesticDomesticInternationalTotal
Termination benefits$(7)$61 $3 $64 
Asset impairments and other costs(1)
(1)45 - 45 
Total$(8)$106 $3 $109 
(1)Cumulative amount as of May 2, 2026 primarily represents asset impairments related to planned store closures, an impairment related to an indefinite-lived tradename and other exit costs. The remaining carrying value of net assets approximates fair value and was immaterial as of May 2, 2026.
Schedule of Restructuring Accrual Activity
Restructuring accrual activity related to this initiative was as follows ($ in millions):
Termination Benefits
DomesticInternationalTotal
Balances at January 31, 2026$42 $3 $45 
Cash payments(8)(1)(9)
Adjustments(1)
(7)- (7)
Balances at May 2, 2026$27 $2 $29 
(1)Represents adjustments primarily related to higher-than-expected employee retention from previously planned organizational changes.
The only remaining restructuring accrual related to this initiative relates to our Domestic segment and was as follows ($ in millions):
Termination Benefits
Balance at January 31, 2026$31 
Cash payments(1)
Balance at May 2, 2026$30