Total Debt (Carrying Amount)
Total Debt (Fair Value)
Weighted-average Interest Rate on Debt

Best Buy Co. Inc., balance sheet: debt

US$ in millions

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Short-term debt	—)	110)	—)	—)	—)	—)
Current portion of long-term debt	13)	14)	14)	56)	544)	44)
Long-term debt, excluding current portion	1,216)	1,253)	1,257)	1,332)	811)	1,321)
Total total debt (carrying amount)	1,229)	1,377)	1,271)	1,388)	1,355)	1,365)

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

Short-term debt: The data for short-term debt is incomplete across the reported periods, with a value of 110 million US dollars recorded only in the year ending January 29, 2022. Due to the absence of earlier data points, no trend analysis can be conclusively drawn for this category.
Current portion of long-term debt: This category shows a marked increase from 44 million US dollars in January 28, 2017, to a peak of 544 million US dollars in February 3, 2018. Subsequently, there is a significant decline, dropping to 56 million in February 2, 2019, and further reduction to around 13-14 million in the following years through January 29, 2022. This suggests a substantial repayment or restructuring of debt portions due within one year after the peak in 2018.
Long-term debt, excluding current portion: Long-term debt exhibits variability but remains within a relatively stable range after some fluctuations. It starts at 1321 million in January 28, 2017, decreases to a low of 811 million in February 3, 2018, then rises sharply to 1332 million in February 2, 2019. Following this increase, the debt slightly declines over the next three years, settling at 1216 million by January 29, 2022. This pattern indicates adjustments in debt management over time, possibly involving refinancing or repayment activities affecting non-current obligations.
Total total debt (carrying amount): Total debt has remained relatively stable across the periods with some fluctuations. Starting at 1365 million in January 28, 2017, it decreases slightly to 1355 million in February 3, 2018, then increases to its peak of 1388 million in February 2, 2019. A declining trend follows, reaching 1271 million in February 1, 2020. After a small increase in January 30, 2021 to 1377 million, the total debt decreases again to 1229 million by January 29, 2022. Overall, the total debt shows management efforts to stabilize or reduce debt levels in recent years.

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	Jan 29, 2022
Selected Financial Data (US$ in millions)
Short-term debt	—)
Long-term debt, excluding finance lease obligations	1,205)
Finance lease obligations	40)
Total total debt (fair value)	1,245)
Financial Ratio
Debt, fair value to carrying amount ratio	1.01

Based on: 10-K (reporting date: 2022-01-29).

Weighted-average interest rate on debt: 3.02%

Interest rate	Debt amount¹	Interest rate × Debt amount
4.45%	500)	22)
1.95%	650)	13)
2.40%	40)	1)
Total	1,190)	36)
3.02%

Based on: 10-K (reporting date: 2022-01-29).

¹ US$ in millions

² Weighted-average interest rate = 100 × 36 ÷ 1,190 = 3.02%

Best Buy Co. Inc. (NYSE:BBY)

Analysis of Debt

Total Debt (Carrying Amount)

Total Debt (Fair Value)

Weighted-average Interest Rate on Debt