v3.26.1
Restructuring (Tables)
 6 Months Ended
Aug. 01, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Composition of Restructuring Charges
Restructuring charges were as follows ($ in millions):
Three Months EndedSix Months Ended
August 1, 2026August 2, 2025August 1, 2026August 2, 2025
Fiscal 2026 Labor and Store Optimization Initiative$(3)$122 $(11)$122 
Best Buy Health Optimization and China Sourcing Initiative(1)(6)(2)105 
Fiscal 2024 Restructuring Initiative(2)(2)(2)(4)
Total$(6)$114 $(15)$223 
The composition of restructuring charges incurred related to this initiative were as follows ($ in millions):
Three Months EndedSix Months EndedCumulative Amount as of
August 1, 2026August 2, 2025August 1, 2026August 2, 2025August 1, 2026
Domestic:
Termination benefits$(2)$78 $(9)$78 $59 
Asset impairments and other costs(1)
(1)41 (2)41 44 
Total Domestic(3)119 (11)119 103 
International:
Termination benefits- 3 - 3 3 
Total restructuring charges$(3)$122 $(11)$122 $106 
(1)Amounts primarily represent asset impairments related to planned store closures, an impairment related to an indefinite-lived tradename and other exit costs. The remaining carrying value of net assets approximates fair value and was immaterial as of August 1, 2026.
Schedule of Restructuring Accrual Activity
Restructuring accrual activity related to this initiative was as follows ($ in millions):
Termination Benefits
DomesticInternationalTotal
Balances at January 31, 2026$42 $3 $45 
Cash payments(9)(1)(10)
Adjustments(1)
(9)- (9)
Balances at August 1, 2026$24 $2 $26 
(1)Represents subsequent adjustments to previously planned organizational changes, primarily related to higher-than-expected employee retention.
The only remaining restructuring accrual related to this initiative relates to our Domestic segment and was as follows ($ in millions):
Termination Benefits
Balance at January 31, 2026$31 
Cash payments(3)
Adjustments(1)
(2)
Balance at August 1, 2026$26 
(1)Represents subsequent adjustments to previously planned organizational changes, primarily related to higher-than-expected employee retention.