v3.26.1
Segments
 6 Months Ended
Aug. 01, 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 AI glasses and trading cards), 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 EndedSix Months Ended
August 1, 2026
August 2, 2025(1)
August 1, 2026
August 2, 2025(1)
Domestic:
Computing and Mobile Phones$4,127 $3,866 $8,014 $7,603 
Consumer Electronics2,451 2,324 4,602 4,539 
Appliances1,041 1,045 1,882 2,024 
Services824 775 1,610 1,524 
Entertainment585 624 1,133 1,022 
Other42 64 78 113 
Total Domestic revenue9,070 8,698 17,319 16,825 
International:
Computing and Mobile Phones336 339 679 656 
Consumer Electronics198 197 378 368 
Appliances70 79 123 135 
Services48 48 97 95 
Entertainment50 68 101 109 
Other7 9 18 17 
Total International revenue709 740 1,396 1,380 
Total revenue$9,779 $9,438 $18,715 $18,205 
(1)Amounts for the three and six months ended August 2, 2025, have been recast to conform to the current presentation. See Revenue Category Reclassification, above, for additional information.
Adjusted operating income by segment and the reconciliations to consolidated earnings before income tax expense and equity in income of affiliates were as follows ($ in millions):
Three Months Ended
August 1, 2026August 2, 2025
Domestic(1)
InternationalTotal
Domestic(1)
InternationalTotal
Revenue$9,070 $709 $9,779 $8,698 $740 $9,438 
Cost of sales6,890 551 7,441 6,665 579 7,244 
Adjusted SG&A(2)
1,776 145 1,921 1,682 143 1,825 
Adjusted operating income$404 $13 417 $351 $18 369 
Restructuring charges(6)114 
Intangible asset amortization2 4 
Operating income421 251 
Other income (expense):
Loss on disposal of subsidiaries- (4)
Investment income and other20 18 
Interest expense(11)(12)
Earnings before income tax expense and equity in income of affiliates$430 $253 
(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.

Six Months Ended
August 1, 2026August 2, 2025
Domestic(1)
InternationalTotal
Domestic(1)
InternationalTotal
Revenue$17,319 $1,396 $18,715 $16,825 $1,380 $18,205 
Cost of sales13,185 1,090 14,275 12,884 1,078 13,962 
Adjusted SG&A(2)
3,372 288 3,660 3,261 280 3,541 
Adjusted operating income$762 $18 780 $680 $22 702 
Restructuring charges(15)223 
Intangible asset amortization4 9 
Operating income791 470 
Other income (expense):
Loss on disposal of subsidiaries- (4)
Investment income and other39 33 
Interest expense(22)(24)
Earnings before income tax expense and equity in income of affiliates$808 $475 
(1)Domestic segment Adjusted operating income includes certain operations that are based in foreign tax jurisdictions and primarily relate to sourcing products into the U.S.
(2)Adjusted SG&A excludes amortization of definite-lived intangible assets associated with acquisitions.
Cash flow and other expense information by segment was as follows ($ in millions):
Three Months EndedSix Months Ended
August 1, 2026August 2, 2025August 1, 2026August 2, 2025
Capital expenditures
Domestic$166 $161 $311 $311 
International18 14 33 30 
Total capital expenditures$184 $175 $344 $341 
Depreciation and amortization
Domestic$182 $201 $364 $402 
International13 10 25 20 
Total depreciation and amortization$195 $211 $389 $422 

Asset information by segment was as follows ($ in millions):
August 1, 2026January 31, 2026August 2, 2025
Domestic$14,742 $13,407 $13,926 
International1,365 1,263 1,327 
Total assets$16,107 $14,670 $15,253