XML 31 R18.htm IDEA: XBRL DOCUMENT v3.19.2

Property and Leases (Tables)

6 Months Ended

Aug. 04, 2019

Leases [Abstract]

Schedule of assets, liabilities and other related to operating and finance leases

The balance sheet location of assets and liabilities related to operating and finance leases follow.

in millions	Balance Sheet Caption	August 4, 2019
Assets:
Operating lease assets	Operating lease right-of-use assets	$	5,789
Finance lease assets	Net property and equipment	863
Total lease assets		$	6,652
Liabilities:
Current:
Operating lease liabilities	Current operating lease liabilities	$	831
Finance lease liabilities	Current installments of long-term debt	67
Long-term:
Operating lease liabilities	Long-term operating lease liabilities	5,263
Finance lease liabilities	Long-term debt, excluding current installments	1,020
Total lease liabilities		$	7,181

Lease information

The components of lease cost follow.

in millions	Statement of Earnings Caption	Three Months Ended August 4, 2019				Six Months Ended August 4, 2019
Operating lease cost	Selling, general and administrative	$	205			$	415
Finance lease cost:
Amortization of leased assets	Depreciation and amortization	22				43
Interest on lease liabilities	Interest expense	23				46
Short-term lease cost	Selling, general and administrative	18				43
Variable lease cost	Selling, general and administrative	64				122
Sublease income	Selling, general and administrative	(4		)		(7		)
Net lease cost		$	328			$	662

ASU 2016-02 requires that public companies use a secured incremental borrowing rate as the discount rate for present value of lease payments when the rate implicit in the contract is not readily determinable. We determine a secured rate on a quarterly basis and update the weighted average discount rate accordingly. Lease terms and discount rates follow.

	August 4, 2019
Weighted Average Remaining Lease Term (Years):
Operating leases	10
Finance leases	13
Weighted Average Discount Rate:
Operating leases	3.1	%
Finance leases	11.3	%

Other lease information follows.

in millions	Six Months Ended August 4, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows – operating leases	$	500
Operating cash flows – finance leases	46
Financing cash flows – finance leases	30
Leased assets obtained in exchange for new operating lease liabilities	520
Leased assets obtained in exchange for new finance lease liabilities	67

Schedule of future minimum rental payments for operating leases

The approximate future minimum lease payments under operating and finance leases at August 4, 2019 follow.

in millions	Operating Leases				Finance Leases
Fiscal 2019	$	479			$	82
Fiscal 2020	942				158
Fiscal 2021	834				153
Fiscal 2022	734				150
Fiscal 2023	640				143
Thereafter	3,341				993
Total lease payments	6,970				1,679
Less imputed interest	876				592
Present value of lease liabilities	$	6,094			$	1,087

—————

Note: Amounts presented do not include payments relating to immaterial leases excluded from the balance sheets as part of transition elections adopted upon implementation of Topic 842. Additionally, we have excluded approximately $1.4 billion of leases (undiscounted basis) that have not yet commenced. These leases will commence between 2019 and 2020 with lease terms of one to 20 years.

Schedule of future minimum rental payments for financing leases

The approximate future minimum lease payments under operating and finance leases at August 4, 2019 follow.

in millions	Operating Leases				Finance Leases
Fiscal 2019	$	479			$	82
Fiscal 2020	942				158
Fiscal 2021	834				153
Fiscal 2022	734				150
Fiscal 2023	640				143
Thereafter	3,341				993
Total lease payments	6,970				1,679
Less imputed interest	876				592
Present value of lease liabilities	$	6,094			$	1,087

—————

Note: Amounts presented do not include payments relating to immaterial leases excluded from the balance sheets as part of transition elections adopted upon implementation of Topic 842. Additionally, we have excluded approximately $1.4 billion of leases (undiscounted basis) that have not yet commenced. These leases will commence between 2019 and 2020 with lease terms of one to 20 years.

Schedule of future minimum rental payments for operating leases

The approximate future minimum lease payments under capital and operating leases at February 3, 2019 and accounted for under previous lease guidance follow.

in millions	Operating Leases				Capital Leases
Fiscal 2019	$	976			$	150
Fiscal 2020	912				167
Fiscal 2021	792				143
Fiscal 2022	682				142
Fiscal 2023	584				137
Thereafter	3,090				970
	$	7,036			1,709
Less imputed interest					660
Net present value of capital lease obligations					1,049
Less current installments					57
Long-term capital lease obligations, excluding current installments					$	992

Schedule of future minimum lease payments for capital leases

The approximate future minimum lease payments under capital and operating leases at February 3, 2019 and accounted for under previous lease guidance follow.

in millions	Operating Leases				Capital Leases
Fiscal 2019	$	976			$	150
Fiscal 2020	912				167
Fiscal 2021	792				143
Fiscal 2022	682				142
Fiscal 2023	584				137
Thereafter	3,090				970
	$	7,036			1,709
Less imputed interest					660
Net present value of capital lease obligations					1,049
Less current installments					57
Long-term capital lease obligations, excluding current installments					$	992

X

- Definition

Assets and Liabilities, Lessee [Table Text Block]

+ References

No definition available.

+ Details

Name:	hd_AssetsandLiabilitiesLesseeTableTextBlock
Namespace Prefix:	hd_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980

+ Details

Name:	us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980

+ Details

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980

+ Details

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=84164817&loc=d3e45280-112737

+ Details

Name:	us-gaap_ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717

+ Details

Name:	us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration