XML 54 R18.htm IDEA: XBRL DOCUMENT
v3.20.1

Property and Leases (Tables) | 3 Months Ended
--- | ---
May 03, 2020
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 | May 3, 2020 |  | February 2, 2020
Assets: |  |  |  |
Operating lease assets | Operating lease right-of-use assets | $ | 5,634 |  |  | $ | 5,595 |
Finance lease assets (1) | Net property and equipment | 1,191 |  |  | 934 |
Total lease assets |  | $ | 6,825 |  |  | $ | 6,529 |
Liabilities: |  |  |  |
Current: |  |  |  |
Operating lease liabilities | Current operating lease liabilities | $ | 853 |  |  | $ | 828 |
Finance lease liabilities | Current installments of long-term debt | 99 |  |  | 84 |
Long-term: |  |  |  |
Operating lease liabilities | Long-term operating lease liabilities | 5,075 |  |  | 5,066 |
Finance lease liabilities | Long-term debt, excluding current installments | 1,326 |  |  | 1,081 |
Total lease liabilities |  | $ | 7,353 |  |  | $ | 7,059 |
————— (1) Finance lease assets are recorded net of accumulated amortization of $670 million as of May 3, 2020 and $644 million as of February 2, 2020.
Schedule of future minimum rental payments for operating leases | The approximate future minimum lease payments under operating and finance leases as of May 3, 2020 follow:
in millions | Operating Leases |  | Finance Leases
Fiscal 2020 | $ | 728 |  |  | $ | 145 |
Fiscal 2021 | 901 |  |  | 194 |
Fiscal 2022 | 795 |  |  | 193 |
Fiscal 2023 | 698 |  |  | 187 |
Fiscal 2024 | 601 |  |  | 170 |
Thereafter | 2,964 |  |  | 1,189 |
Total lease payments | 6,687 |  |  | 2,078 |
Less imputed interest | 759 |  |  | 653 |
Present value of lease liabilities | $ | 5,928 |  |  | $ | 1,425 |
————— Note: Amounts presented do not include payments relating to immaterial leases excluded from the Consolidated Balance Sheets. Additionally, future minimum lease payments do not include approximately $1.4 billion of leases (undiscounted basis) that have not yet commenced. These leases will commence between fiscal 2020 and fiscal 2021 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 as of May 3, 2020 follow:
in millions | Operating Leases |  | Finance Leases
Fiscal 2020 | $ | 728 |  |  | $ | 145 |
Fiscal 2021 | 901 |  |  | 194 |
Fiscal 2022 | 795 |  |  | 193 |
Fiscal 2023 | 698 |  |  | 187 |
Fiscal 2024 | 601 |  |  | 170 |
Thereafter | 2,964 |  |  | 1,189 |
Total lease payments | 6,687 |  |  | 2,078 |
Less imputed interest | 759 |  |  | 653 |
Present value of lease liabilities | $ | 5,928 |  |  | $ | 1,425 |
————— Note: Amounts presented do not include payments relating to immaterial leases excluded from the Consolidated Balance Sheets. Additionally, future minimum lease payments do not include approximately $1.4 billion of leases (undiscounted basis) that have not yet commenced. These leases will commence between fiscal 2020 and fiscal 2021 with lease terms of one to 20 years.
Lease cost | The components of lease cost follow:
|  | Three Months Ended |  |  |  |  |  |
in millions | Consolidated Statement of Earnings Caption | May 3, 2020 |  | May 5, 2019 |  |  |  |
Operating lease cost | Selling, general and administrative | $ | 195 |  |  | $ | 210 |  |  |  |  |
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of leased assets | Depreciation and amortization | 31 |  |  | 21 |  |  |  |  |
Interest on lease liabilities | Interest expense | 26 |  |  | 23 |  |  |  |  |
Short-term lease cost | Selling, general and administrative | 18 |  |  | 25 |  |  |  |  |
Variable lease cost | Selling, general and administrative | 61 |  |  | 58 |  |  |  |  |
Sublease income | Selling, general and administrative | (3) |  |  | (3) |  |  |  |  |
Net lease cost |  | $ | 328 |  |  | $ | 334 |  |  |  |  |
When the rate implicit in the contract is not readily determinable, we use a secured incremental borrowing rate as the discount rate for the present value of lease payments. We determine a secured rate on a quarterly basis and update the weighted average discount rate accordingly. Lease terms and discount rates follow:
| May 3, 2020 |  | February 2, 2020
Weighted Average Remaining Lease Term (Years): |  |  |
Operating leases | 10 |  | 10
Finance leases | 13 |  | 12
Weighted Average Discount Rate: |  |  |
Operating leases | 3.0 | % |  | 3.1 | %
Finance leases | 8.9 | % |  | 10.4 | %
Other lease information follows:
| Three Months Ended |  |
in millions | May 3, 2020 |  | May 5, 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows - operating leases | $ | 253 |  |  | $ | 249 |
Operating cash flows - finance leases | 26 |  |  | 23 |
Financing cash flows - finance leases | 27 |  |  | 14 |
Lease assets obtained in exchange for new operating lease liabilities | 294 |  |  | 166 |
Lease assets obtained in exchange for new finance lease liabilities | 306 |  |  | 1 |

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