Best Buy 2013 Annual Report Download - page 71

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71
The changes in the carrying amount of goodwill and indefinite-lived tradenames by segment were as follows in fiscal 2013 (11-
month), 2012 and 2011 ($ in millions):
Goodwill Indefinite-Lived Tradenames
Domestic International Total Domestic International Total
Balances at February 27, 2010 $ 434 $ 2,018 $ 2,452 $ 32 $ 80 $ 112
Acquisitions — 5 5 — — —
Impairments(1) — — — (10) — (10)
Sale of business(2) (12) — (12)(1) — (1)
Changes in foreign currency exchange
rates — 9 9 — 4 4
Balances at February 26, 2011 422 2,032 2,454 21 84 105
Acquisitions(3) 94 — 94 1 — 1
Impairments — (1,207)(1,207) — — —
Sale of business — (7)(7)(3)(2)(5)
Changes in foreign currency exchange
rates — 1 1 — 1 1
Other(4) — — — — 28 28
Balances at March 3, 2012 516 819 1,335 19 111 130
Acquisitions(5) 15 — 15 — — —
Impairments (3) (819)(822) — — —
Changes in foreign currency exchange
rates — — — — 1 1
Balances at February 2, 2013 $ 528 $ — $ 528 $ 19 $ 112 $ 131
(1) As part of our fiscal 2011 restructuring activities, we recorded an impairment charge related to certain indefinite-lived tradenames in our Domestic
segment. See Note 7, Restructuring Charges, for further information.
(2) As a result of the sale of our Speakeasy business in the second quarter of fiscal 2011, we eliminated the carrying value of the related goodwill and
indefinite-lived tradenames as of the date of sale.
(3) Represents goodwill acquired, primarily as a result of the mindSHIFT acquisition in fiscal 2012.
(4) Represents the transfer of certain definite-lived tradenames (at their net book value) to indefinite-lived tradenames following our decision to no
longer phase out certain tradenames. We believe these tradenames will continue to contribute to our future cash flows indefinitely.
(5) Represents goodwill acquired, primarily as a result of an acquisition made by mindSHIFT in fiscal 2013 (11-month).
The following table provides the gross carrying amount of goodwill and cumulative goodwill impairment losses ($ in millions):
February 2, 2013 March 3, 2012
Gross Carrying
Amount Cumulative
Impairment Gross Carrying
Amount Cumulative
Impairment
Goodwill $ 2,608 $ (2,080) $ 2,596 $ (1,261)
Our tradenames and customer relationships were as follows ($ in millions):
February 2, 2013 March 3, 2012
Tradenames Customer
Relationships Tradenames Customer
Relationships
Indefinite-lived $ 131 $ — $ 130 $ —
Definite-lived — 203 — 229
Total $ 131 $ 203 $ 130 $ 229
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