XML 41 R23.htm IDEA: XBRL DOCUMENT
v3.21.1

Property and Leases (Tables) | 12 Months Ended
--- | ---
Jan. 31, 2021
Property and Leases [Abstract] |
Components of property and equipment | The components of net property and equipment follow:
in millions | January 31, 2021 |  | February 2, 2020
Land | $ | 8,543 |  |  | $ | 8,390 |
Buildings | 18,838 |  |  | 18,432 |
Furniture, fixtures, and equipment | 15,119 |  |  | 13,666 |
Leasehold improvements | 1,925 |  |  | 1,789 |
Construction in progress | 1,068 |  |  | 1,005 |
Finance leases | 3,308 |  |  | 1,578 |
Property and equipment, at cost | 48,801 |  |  | 44,860 |
Less accumulated depreciation and finance lease amortization | 24,096 |  |  | 22,090 |
Net property and equipment | $ | 24,705 |  |  | $ | 22,770 |
Schedule of depreciation and capital lease amortization | Depreciation and finance lease amortization expense, including depreciation and finance lease amortization expense included in cost of sales, follows:
in millions | Fiscal |  | Fiscal |  | Fiscal
2020 |  | 2019 |  | 2018
Depreciation and finance lease amortization expense | $ | 2,425 |  |  | $ | 2,223 |  |  | $ | 2,076 |
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 | January 31, 2021 |  | February 2, 2020
Assets: |  |  |  |
Operating lease assets | Operating lease right-of-use assets | $ | 5,962 |  |  | $ | 5,595 |
Finance lease assets (1) | Net property and equipment | 2,493 |  |  | 934 |
Total lease assets |  | $ | 8,455 |  |  | $ | 6,529 |
Liabilities: |  |  |  |
Current: |  |  |  |
Operating lease liabilities | Current operating lease liabilities | $ | 828 |  |  | $ | 828 |
Finance lease liabilities | Current installments of long-term debt | 66 |  |  | 84 |
Long-term: |  |  |  |
Operating lease liabilities | Long-term operating lease liabilities | 5,356 |  |  | 5,066 |
Finance lease liabilities | Long-term debt, excluding current installments | 2,700 |  |  | 1,081 |
Total lease liabilities |  | $ | 8,950 |  |  | $ | 7,059 |
————— (1) Finance lease assets are recorded net of accumulated amortization of $815 million and $644 million as of January 31, 2021 and February 2, 2020, respectively.
Schedule of lease information | The components of lease cost follow:
|  | Fiscal |  | Fiscal
in millions | Consolidated Statement of Earnings Caption(1) | 2020 |  | 2019
Operating lease cost | Selling, general and administrative | $ | 782 |  |  | $ | 827 |
Finance lease cost: |  |  |  |
Amortization of leased assets | Depreciation and amortization | 167 |  |  | 86 |
Interest on lease liabilities | Interest expense | 112 |  |  | 92 |
Short-term lease cost | Selling, general and administrative | 75 |  |  | 98 |
Variable lease cost | Selling, general and administrative | 277 |  |  | 241 |
Sublease income | Selling, general and administrative | (13) |  |  | (14) |
Net lease cost |  | $ | 1,400 |  |  | $ | 1,330 |
————— (1)Costs associated with our sourcing and distribution network and online fulfillment centers are recorded in cost of sales, with the exception of interest on finance lease liabilities. Weighted average remaining lease terms and discount rates follow:
| January 31, 2021 |  | February 2, 2020
Weighted Average Remaining Lease Term (Years): |  |  |
Operating leases | 10 |  | 10
Finance leases | 15 |  | 12
Weighted Average Discount Rate: |  |  |
Operating leases | 2.9 | % |  | 3.1 | %
Finance leases | 5.6 | % |  | 10.4 | %
Schedule of future minimum rental payments for operating leases | The approximate future minimum lease payments under operating and finance leases at January 31, 2021 follow:
in millions | Operating Leases |  | Finance Leases
Fiscal 2021 | $ | 955 |  |  | $ | 272 |
Fiscal 2022 | 960 |  |  | 285 |
Fiscal 2023 | 854 |  |  | 280 |
Fiscal 2024 | 738 |  |  | 273 |
Fiscal 2025 | 614 |  |  | 317 |
Thereafter | 3,001 |  |  | 2,266 |
Total lease payments | 7,122 |  |  | 3,693 |
Less: imputed interest | 938 |  |  | 927 |
Present value of lease liabilities | $ | 6,184 |  |  | $ | 2,766 |
————— Note: We have excluded approximately $833 million of leases (undiscounted basis) that have not yet commenced. These leases will commence primarily between fiscal 2021 and 2023 with lease terms of up to 20 years.
Schedule of future minimum rental payments for financing leases | The approximate future minimum lease payments under operating and finance leases at January 31, 2021 follow:
in millions | Operating Leases |  | Finance Leases
Fiscal 2021 | $ | 955 |  |  | $ | 272 |
Fiscal 2022 | 960 |  |  | 285 |
Fiscal 2023 | 854 |  |  | 280 |
Fiscal 2024 | 738 |  |  | 273 |
Fiscal 2025 | 614 |  |  | 317 |
Thereafter | 3,001 |  |  | 2,266 |
Total lease payments | 7,122 |  |  | 3,693 |
Less: imputed interest | 938 |  |  | 927 |
Present value of lease liabilities | $ | 6,184 |  |  | $ | 2,766 |
————— Note: We have excluded approximately $833 million of leases (undiscounted basis) that have not yet commenced. These leases will commence primarily between fiscal 2021 and 2023 with lease terms of up to 20 years.
Summary of other lease information | Supplemental cash flow information related to leases follows:
| Fiscal |  | Fiscal
in millions | 2020 |  | 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows – operating leases | $ | 1,022 |  |  | $ | 1,003 |
Operating cash flows – finance leases | 112 |  |  | 92 |
Financing cash flows – finance leases | 122 |  |  | 70 |
Supplemental non-cash information: |  |  |
Lease assets obtained in exchange for new operating lease liabilities | 969 |  |  | 748 |
Lease assets obtained in exchange for new finance lease liabilities | 1,730 |  |  | 186 |

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 Depreciation and Capital Lease Amortization [Table Text Block] + References No definition available. + Details
Name: | hd_DepreciationandCapitalLeaseAmortizationTableTextBlock
Namespace Prefix: | hd_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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 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=121609121&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=121609121&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
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=121609121&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 physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration