Best Buy 2011 Annual Report Download - page 80
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$ in millions, except per share amounts or as otherwise noted
The changes in the carrying amount of goodwill and indefinite-lived tradenames by segment were as follows in fiscal
2011, 2010 and 2009:
Goodwill Indefinite-Lived Tradenames
Domestic International Total Domestic International Total
Balances at March 1, 2008 $450 $ 638 $1,088 $ 23 $ 74 $ 97
Acquisitions 46 1,641 1,687 13 8 21
Tax adjustment(1) —1717— ——
Impairments (62) — (62) (4) — (4)
Changes in foreign currency exchange rates — (527) (527) — (10) (10)
Balances at February 28, 2009 434 1,769 2,203 32 72 104
Purchase accounting adjustments(1) —4848— ——
Changes in foreign currency exchange rates — 201 201 — 8 8
Balances at February 27, 2010 434 2,018 2,452 32 80 112
Acquisitions — 5 5 — — —
Impairments — — — (10) — (10)
Sale of business (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
(1) The adjustment in fiscal 2009 related to the resolution of certain tax matters associated with our acquisitions of Future Shop and
Five Star, and in fiscal 2010, the finalization of the purchase price allocations from our acquisitions of Best Buy Europe and Five Star
(see Note 2, Acquisitions).
The following table provides the gross carrying amount of goodwill and cumulative goodwill impairment losses:
February 26, 2011 February 27, 2010
Gross Carrying Cumulative Gross Carrying Cumulative
Amount Impairment Amount Impairment
Goodwill $2,519 $(65) $2,578 $(126)
Definite-Lived Intangible Assets
The following table provides the gross carrying amount and related accumulated amortization of definite-lived intangible
assets:
February 26, 2011 February 27, 2010
Gross Carrying Cumulative Gross Carrying Cumulative
Amount Impairment Amount Impairment
Tradenames $ 73 $ (45) $ 75 $ (28)
Customer relationships 383 (180) 401 (122)
Total $456 $(225) $476 $(150)
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