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SEGMENT REPORTING AND NET SALES
12 Months Ended
Jan. 29, 2023
Segment Reporting [Abstract]  
Segment Reporting and Net Sales SEGMENT REPORTING AND NET SALES
We currently conduct our retail operations in the U.S., Canada, and Mexico, each of which represents one of our three operating segments. Our operating segments reflect the way in which internally-reported financial information is regularly reviewed by our chief operating decision maker to analyze performance, make decisions and allocate resources. For disclosure purposes, we aggregate these three operating segments into one reportable segment due to the similar nature of their operations and economic characteristics.
The following table presents net property and equipment, classified by geography:
in millionsJanuary 29,
2023
January 30,
2022
January 31,
2021
Net property and equipment – in the U.S.$23,057 $22,696 $22,205 
Net property and equipment – outside the U.S.2,574 2,503 2,500 
Net property and equipment$25,631 $25,199 $24,705 
No sales to an individual customer accounted for more than 10% of revenue during any of the last three fiscal years.
The following table presents net sales, classified by geography:
 FiscalFiscalFiscal
in millions202220212020
Net sales – in the U.S.$144,840 $138,920 $122,158 
Net sales – outside the U.S.12,563 12,237 9,952 
Net sales$157,403 $151,157 $132,110 
The following table presents net sales by products and services:
 FiscalFiscalFiscal
in millions202220212020
Net sales – products $151,804 $145,745 $127,671 
Net sales – services 5,599 5,412 4,439 
Net sales$157,403 $151,157 $132,110 
The following table presents major product lines and the related merchandising departments (and related services):
Major Product LineMerchandising Departments
Building Materials
Building Materials, Electrical/Lighting, Lumber, Millwork, and Plumbing
Décor
Appliances, Décor/Storage, Flooring, Kitchen and Bath, and Paint
Hardlines
Hardware, Indoor Garden, Outdoor Garden, and Tools
The following table presents net sales by major product line (and related services):
FiscalFiscalFiscal
in millions202220212020
Building Materials$59,533 $54,990 $46,521 
Décor52,322 50,437 43,415 
Hardlines45,548 45,730 42,174 
Net sales$157,403 $151,157 $132,110 
The following table presents net sales by merchandising department (and related services):
FiscalFiscalFiscal
202220212020
dollars in millionsNet
Sales
% of
 Net Sales
Net
Sales
% of
Net Sales
Net
Sales
% of
Net Sales
Appliances$14,461 9.2 %$14,232 9.4 %$11,865 9.0 %
Building Materials11,298 7.2 9,823 6.5 8,656 6.6 
Décor/Storage6,357 4.0 6,095 4.0 4,959 3.8 
Electrical/Lighting13,746 8.7 13,473 8.9 11,178 8.5 
Flooring9,222 5.9 9,225 6.1 8,156 6.2 
Hardware8,104 5.1 7,873 5.2 7,312 5.5 
Indoor Garden14,990 9.5 15,546 10.3 14,649 11.1 
Kitchen and Bath11,102 7.1 10,432 6.9 8,383 6.3 
Lumber13,460 8.6 13,344 8.8 11,309 8.6 
Millwork8,423 5.4 7,412 4.9 6,460 4.9 
Outdoor Garden10,078 6.4 10,317 6.8 9,602 7.3 
Paint11,180 7.1 10,453 6.9 10,052 7.6 
Plumbing12,606 8.0 10,938 7.2 8,918 6.8 
Tools12,376 7.9 11,994 7.9 10,611 8.0 
Total$157,403 100.0 %$151,157 100.0 %$132,110 100.0 %
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Note: Certain percentages may not sum to totals due to rounding.