XML 29 R12.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Property and Leases | 12 Months Ended
--- | ---
Jan. 29, 2017
Property and Leases [Abstract] |
Property and Leases | PROPERTY AND LEASES Property and Equipment as of January 29, 2017 and January 31, 2016 consisted of the following (amounts in millions):
| January 29, 2017 |  | January 31, 2016
Property and Equipment, at cost: |  |  |
Land | $ | 8,207 |  |  | $ | 8,149 |
Buildings | 17,772 |  |  | 17,667 |
Furniture, Fixtures and Equipment | 11,020 |  |  | 10,279 |
Leasehold Improvements | 1,519 |  |  | 1,481 |
Construction in Progress | 739 |  |  | 670 |
Capital Leases | 1,169 |  |  | 1,020 |
| 40,426 |  |  | 39,266 |
Less Accumulated Depreciation and Amortization | 18,512 |  |  | 17,075 |
Net Property and Equipment | $ | 21,914 |  |  | $ | 22,191 |
The Company leases certain retail locations, office space, warehouse and distribution space, equipment and vehicles. While most of the leases are operating leases, certain locations and equipment are leased under capital leases. As leases expire, it can be expected that in the normal course of business certain leases will be renewed or replaced. Certain lease agreements include escalating rents over the lease terms. The Company expenses rent on a straight-line basis over the lease term, which commences on the date the Company has the right to control the property. The cumulative expense recognized on a straight-line basis in excess of the cumulative payments is included in Other Accrued Expenses and Other Long-Term Liabilities in the accompanying Consolidated Balance Sheets. Total rent expense, net of minor sublease income, for fiscal 2016, 2015 and 2014 was $984 million, $922 million and $918 million, respectively. Certain store leases also provide for contingent rent payments based on percentages of sales in excess of specified minimums. Contingent rent expense for fiscal 2016, 2015 and 2014 was approximately $9 million, $7 million and $7 million, respectively. Real estate taxes, insurance, maintenance and operating expenses applicable to the leased property are obligations of the Company under the lease agreements. The approximate future minimum lease payments under capital and all other leases at January 29, 2017 were as follows (amounts in millions):
Fiscal Year | Capital Leases |  | Operating Leases
2017 | $ | 130 |  |  | $ | 907 |
2018 | 127 |  |  | 826 |
2019 | 124 |  |  | 746 |
2020 | 141 |  |  | 661 |
2021 | 118 |  |  | 586 |
Thereafter through 2097 | 996 |  |  | 3,727 |
| 1,636 |  |  | $ | 7,453 |
Less imputed interest | 758 |  |  |
Net present value of capital lease obligations | 878 |  |  |
Less current installments | 42 |  |  |
Long-term capital lease obligations, excluding current installments | $ | 836 |  |  |
Short-term and long-term obligations for capital leases are included in the accompanying Consolidated Balance Sheets in Current Installments of Long-Term Debt and Long-Term Debt, respectively. The assets under capital leases recorded in Property and Equipment, net of amortization, totaled $730 million and $629 million at January 29, 2017 and January 31, 2016, respectively.

X
- Definition Property and Leases [Abstract] + References No definition available. + Details
Name: | hd_PropertyAndLeasesAbstract
Namespace Prefix: | hd_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for properties and leases. + References No definition available. + Details
Name: | hd_PropertyAndLeasesTextBlock
Namespace Prefix: | hd_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration