XML 33 R18.htm IDEA: XBRL DOCUMENT
v3.19.3

Property and Leases (Tables) | 9 Months Ended
--- | ---
Nov. 03, 2019
Leases [Abstract] |
Schedule of assets and liabilities related to operating and finance leases | The consolidated balance sheet location of assets and liabilities related to operating and finance leases follow.
in millions | Consolidated Balance Sheet Caption | November 3, 2019
Assets: |  |
Operating lease assets | Operating lease right-of-use assets | $ | 5,638 |
Finance lease assets | Net property and equipment | 876 |
Total lease assets |  | $ | 6,514 |
Liabilities: |  |
Current: |  |
Operating lease liabilities | Current operating lease liabilities | $ | 828 |
Finance lease liabilities | Current installments of long-term debt | 69 |
Long-term: |  |
Operating lease liabilities | Long-term operating lease liabilities | 5,113 |
Finance lease liabilities | Long-term debt, excluding current installments | 1,035 |
Total lease liabilities |  | $ | 7,045 |
Lease information | Other lease information follows.
in millions | Nine Months Ended November 3, 2019
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows – operating leases | $ | 750 |
Operating cash flows – finance leases | 69 |
Financing cash flows – finance leases | 46 |
Leased assets obtained in exchange for new operating lease liabilities | 589 |
Leased assets obtained in exchange for new finance lease liabilities | 101 |
The components of lease cost follow.
in millions | Consolidated Statement of Earnings Caption | Three Months Ended November 3, 2019 |  | Nine Months Ended November 3, 2019
Operating lease cost | Selling, general and administrative | $ | 211 |  |  | $ | 626 |
Finance lease cost: |  |  |  |
Amortization of leased assets | Depreciation and amortization | 21 |  |  | 64 |
Interest on lease liabilities | Interest expense | 23 |  |  | 69 |
Short-term lease cost | Selling, general and administrative | 30 |  |  | 73 |
Variable lease cost | Selling, general and administrative | 53 |  |  | 175 |
Sublease income | Selling, general and administrative | (3 | ) |  | (10 | )
Net lease cost |  | $ | 335 |  |  | $ | 997 |
ASU 2016-02 requires that public companies use a secured incremental borrowing rate as the discount rate for the 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.
| November 3, 2019
Weighted Average Remaining Lease Term (Years): |
Operating leases | 10 |
Finance leases | 13 |
Weighted Average Discount Rate: |
Operating leases | 3.1 | %
Finance leases | 10.9 | %
Schedule of future minimum rental payments for operating leases | The approximate future minimum lease payments under operating and finance leases at November 3, 2019 follow.
in millions | Operating Leases |  | Finance Leases
Fiscal 2019 | $ | 239 |  |  | $ | 40 |
Fiscal 2020 | 953 |  |  | 156 |
Fiscal 2021 | 845 |  |  | 154 |
Fiscal 2022 | 745 |  |  | 153 |
Fiscal 2023 | 650 |  |  | 147 |
Thereafter | 3,274 |  |  | 1,074 |
Total lease payments | 6,706 |  |  | 1,724 |
Less imputed interest | 765 |  |  | 620 |
Present value of lease liabilities | $ | 5,941 |  |  | $ | 1,104 |
————— Note: Amounts presented do not include payments relating to immaterial leases excluded from the consolidated balance sheets as part of transition elections adopted upon implementation of Topic 842. Additionally, we have excluded approximately $1.6 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 November 3, 2019 follow.
in millions | Operating Leases |  | Finance Leases
Fiscal 2019 | $ | 239 |  |  | $ | 40 |
Fiscal 2020 | 953 |  |  | 156 |
Fiscal 2021 | 845 |  |  | 154 |
Fiscal 2022 | 745 |  |  | 153 |
Fiscal 2023 | 650 |  |  | 147 |
Thereafter | 3,274 |  |  | 1,074 |
Total lease payments | 6,706 |  |  | 1,724 |
Less imputed interest | 765 |  |  | 620 |
Present value of lease liabilities | $ | 5,941 |  |  | $ | 1,104 |
————— Note: Amounts presented do not include payments relating to immaterial leases excluded from the consolidated balance sheets as part of transition elections adopted upon implementation of Topic 842. Additionally, we have excluded approximately $1.6 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