Best Buy 2016 Annual Report Download - page 91

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83
The following table presents information regarding the shares we repurchased and retired in fiscal 2016, noting that we had no
repurchases and retirements in fiscal 2015 and 2014 ($, except per share amounts, and shares in millions):
2016
Total cost of shares repurchased
Open market $ 880
January 2016 ASR 120
Total $ 1,000
Average price per share
Open market $ 31.03
January 2016 ASR $ 27.28
Average $ 30.53
Number of shares repurchased and retired
Open market 28.4
January 2016 ASR 4.4
Total 32.8
At January 30, 2016, $3.0 billion remained available for additional purchases under the June 2011 share repurchase program.
Repurchased shares have been retired and constitute authorized but unissued shares.
Comprehensive Income (Loss)
Comprehensive income (loss) is computed as net earnings (loss) plus certain other items that are recorded directly to
shareholders' equity. In addition to net earnings (loss), the significant components of comprehensive income (loss) include
foreign currency translation adjustments and unrealized gains and losses, net of tax, on available-for-sale marketable equity
securities. Foreign currency translation adjustments do not include a provision for income tax expense when earnings from
foreign operations are considered to be indefinitely reinvested outside the U.S.
The following table provides a reconciliation of the components of accumulated other comprehensive income, net of tax,
attributable to Best Buy Co., Inc. shareholders for fiscal 2016, 2015, and 2014, respectively ($ in millions):
Foreign Currency
Translation
Available-For-Sale
Investments Total
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
Foreign currency translation adjustments (44)—(44)
Reclassification of foreign currency translation adjustments into
earnings (67)—(67)
Balances at January 30, 2016 $ 271 $ — $ 271