BEST BUY CO INC 10-Q

Item 4. Controls and Procedures We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in the reports we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the U.S. Securities and Exchange Commission’s (“SEC”) rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer (principal executive officer) and Chief Financial Officer (principal financial officer), to allow timely decisions regarding required disclosure. We have established a Disclosure Committee, consisting of certain members of management, to assist in this evaluation. The Disclosure Committee meets on a regular quarterly basis and more often if necessary. Our management, including our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) promulgated under the Exchange Act), at October 28, 2023. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, at October 28, 2023, our disclosure controls and procedures were effective. There were no changes in internal control over financial reporting during the fiscal quarter ended October 28, 2023, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. PART II — OTHER INFORMATION Ite m 1. Legal Proceedings For information about our legal proceedings, see Note 10, Contingencies , of the Notes to Condensed Consolidated Financial Statements, included in this Quarterly Report on Form 10-Q. 24 Table of Contents Item 2. Unre gistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities c) Stock Repurchases On February 28, 2022, our Board approved a $5.0 billion share repurchase program. There is no expiration date governing the period over which we can repurchase shares under this authorization. For additional information, see Note 9, Repurchase of Common Stock , of the Notes to the Condensed Consolidated Financial Statements included in this Quarterly Report on Form 10-Q. Fiscal Period Total Number of ‎ Shares Purchased Average Price Paid ‎ per Share Total Number of Shares Purchased as Part of Publicly Announced Program Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program July 30, 2023 through August 26, 2023 278,095 $ 78.66 278,095 $ 3,953,000,000 August 27, 2023 through September 30, 2023 363,407 $ 72.22 363,407 $ 3,927,000,000 October 1, 2023 through October 28, 2023 1,141,166 $ 69.70 1,141,166 $ 3,847,000,000 Total fiscal 2024 third quarter 1,782,668 $ 71.61 1,782,668 $ 3,847,000,000