Best Buy 2015 Annual Report Download - page 91

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Table of Contents
84
12-Month 12-Month 11-Month
2015 2014 2013
June 2011 Program
Total number of shares repurchased — — 6.3
Total cost of shares repurchased $ — $ — $ 122
At January 31, 2015, $4.0 billion remained available for additional purchases under the June 2011 share repurchase program.
Repurchased shares have been retired and constitute authorized but unissued shares.
Comprehensive Income (Loss)
Comprehensive income (loss) is computed as net earnings (loss) plus certain other items that are recorded directly to
shareholders' equity. In addition to net earnings (loss), the significant components of comprehensive income (loss) include
foreign currency translation adjustments and unrealized gains and losses, net of tax, on available-for-sale marketable equity
securities. Foreign currency translation adjustments do not include a provision for income tax expense when earnings from
foreign operations are considered to be indefinitely reinvested outside the U.S.
The following table provides a reconciliation of the components of accumulated other comprehensive income, net of tax,
attributable to Best Buy Co., Inc. shareholders for fiscal 2015, 2014, and 2013 (11-month), respectively ($ in millions):
Foreign Currency
Translation Available-For-Sale
Investments Total
Balances at March 3, 2012 93 (3) 90
Adjustment for fiscal year-end change 11 — 11
Balances at January 28, 2012 104 (3) 101
Foreign currency translation adjustments 9 — 9
Unrealized gains on available-for-sale investments — 2 2
Balances at February 2, 2013 113 (1) 112
Foreign currency translation adjustments (136) — (136)
Unrealized gains on available-for-sale investments — 7 7
Reclassification of foreign currency translation adjustments into
earnings due to sale of business 508 — 508
Reclassification of losses on available-for-sale investments into
earnings —11
Balances at February 1, 2014 $ 485 $ 7 $ 492
Foreign currency translation adjustments (103) — (103)
Unrealized losses on available-for-sale investments — (3)(3)
Reclassification of gains on available-for-sale investments into
earnings — (4)(4)
Balances at January 31, 2015 $ 382 $ — $ 382
There is generally no tax impact related to foreign currency translation adjustments, as the earnings are considered permanently
reinvested. In addition, there were no material tax impacts related to gains or losses on available-for-sale investments in the
periods presented.