BEST BUY CO INC | 2013 | FY | 3


Segment and Geographic Information

Segment Information

Our chief operating decision maker ("CODM") is our Chief Executive Officer. Our business is organized into two segments: Domestic (which is comprised of all operations within the U.S. and its territories) and International (which is comprised of all operations outside the U.S. and its territories). Our CODM has ultimate responsibility for enterprise decisions. Our CODM determines, in particular, resource allocation for, and monitors performance of, the consolidated enterprise, the Domestic segment and the International segment. Segment managers for the Domestic segment and the International segment have responsibility for operating decisions, allocating resources and assessing performance within their respective segments. Our CODM relies on internal management reporting that analyzes enterprise and segment results to the operating income level.

We do not aggregate our operating segments, so our operating segments also represent our reportable segments. The accounting policies of the segments are the same as those described in Note 1, Summary of Significant Accounting Policies.

The following tables present our business segment information in fiscal 2013 (11-month), 2012 and 2011 ($ in millions):
 
11-Month
 
12-Month
 
2013
 
2012
 
2011
Revenue
 
 
 
 
 
Domestic
$
33,343

 
$
37,615

 
$
37,070

International
11,742

 
13,090

 
12,677

Total revenue
$
45,085

 
$
50,705

 
$
49,747

Percentage of revenue, by revenue category
 
 
 
 
 
Domestic:
 
 
 
 
 
Consumer Electronics
33
%
 
36
%
 
37
%
Computing and Mobile Phones
44
%
 
40
%
 
37
%
Entertainment
10
%
 
12
%
 
14
%
Appliances
6
%
 
5
%
 
5
%
Services
6
%
 
6
%
 
6
%
Other
1
%
 
1
%
 
1
%
Total
100
%
 
100
%
 
100
%
International:
 
 
 
 
 
Consumer Electronics
18
%
 
20
%
 
20
%
Computing and Mobile Phones
61
%
 
56
%
 
55
%
Entertainment
4
%
 
5
%
 
6
%
Appliances
10
%
 
10
%
 
9
%
Services
7
%
 
9
%
 
10
%
Other
< 1%

 
< 1%

 
< 1%

Total
100
%
 
100
%
 
100
%

 
11-Month
 
12-Month
 
2013
 
2012
 
2011
Operating income (loss)
 
 
 
 
 
Domestic
$
734

 
$
1,855

 
$
2,054

International(1)
(859
)
 
(770
)
 
320

Total operating income (loss)
(125
)
 
1,085

 
2,374

Other income (expense)
 
 
 
 
 
Gain on sale of investments
18

 
55

 

Investment income and other
33

 
37

 
43

Interest expense
(112
)
 
(134
)
 
(86
)
Earnings (loss) from continuing operations before income tax expense and equity in income (loss) of affiliates
$
(186
)
 
$
1,043

 
$
2,331

Assets
 
 
 
 
 
Domestic
$
10,874

 
$
9,592

 
$
9,610

International
5,913

 
6,413

 
8,239

Total assets
$
16,787

 
$
16,005

 
$
17,849

Capital expenditures
 
 
 
 
 
Domestic
$
488

 
$
488

 
$
481

International
217

 
278

 
263

Total capital expenditures
$
705

 
$
766

 
$
744

Depreciation
 
 
 
 
 
Domestic
$
561

 
$
612

 
$
615

International
233

 
267

 
261

Total depreciation
$
794

 
$
879

 
$
876

(1)
Included within our International segment's operating loss for fiscal 2013 (11-month) and fiscal 2012 is a $819 million and a $1.2 billion goodwill impairment charge, respectively.

Geographic Information

The following tables present our geographic information in fiscal 2013 (11-month), 2012 and 2011 ($ in millions):
 
11-Month
 
12-Month
 
2013
 
2012
 
2011
 
 
 
 
 
 
Net sales to customers
 
 
 
 
 
United States
$
33,343

 
$
37,615

 
$
37,070

Europe
5,136

 
5,228

 
5,316

Canada
4,818

 
5,635

 
5,468

China
1,575

 
2,069

 
1,779

Other
213

 
158

 
114

Total revenue
$
45,085

 
$
50,705

 
$
49,747

Long-lived assets
 
 
 
 
 
United States
$
2,404

 
$
2,507

 
$
2,741

Europe
352

 
352

 
438

Canada
341

 
432

 
474

China
142

 
161

 
147

Other
31

 
19

 
23

Total long-lived assets
$
3,270

 
$
3,471

 
$
3,823


us-gaap:SegmentReportingDisclosureTextBlock