Best Buy 2011 Annual Report Download - page 95
Download and view the complete annual report
Please find page 95 of the 2011 Best Buy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
 |
 |
$ in millions, except per share amounts or as otherwise noted
Assets and Liabilities that are Measured at Fair Value on a Recurring Basis
The fair value hierarchy requires the use of observable market data when available. In instances in which the inputs used
to measure fair value fall into different levels of the fair value hierarchy, the fair value measurement has been determined
based on the lowest level input that is significant to the fair value measurement in its entirety. Our assessment of the
significance of a particular item to the fair value measurement in its entirety requires judgment, including the consideration
of inputs specific to the asset or liability. The following tables set forth by level within the fair value hierarchy, our financial
assets and liabilities that were accounted for at fair value on a recurring basis at February 26, 2011, and February 27,
2010, according to the valuation techniques we used to determine their fair values.
Fair Value Measurements Using Inputs
Considered as
Quoted Prices Significant
in Active Other Significant
Markets for Observable Unobservable
Fair Value at Identical Assets Inputs Inputs
February 26, 2011 (Level 1) (Level 2) (Level 3)
Assets
Cash and cash equivalents
Money market funds $ 70 $ 70 $ — $ —
Short-term investments
Money market fund 2 — 2 —
U.S. Treasury bills 20 20 — —
Other current assets
Money market funds (restricted assets) 63 63 — —
U.S. Treasury bills (restricted assets) 105 105 — —
Foreign currency derivative instruments 2 — 2 —
Equity and other investments
Auction rate securities 110 — — 110
Marketable equity securities 146 146 — —
Other assets
Marketable securities that fund deferred
compensation 83 83 — —
Liabilities
Accrued liabilities
Foreign currency derivative instruments 1 — 1 —
Long-term liabilities
Deferred compensation 64 64 — —
Foreign currency derivative instruments 2 — 2 —
95