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SEGMENT REPORTING AND NET SALES | 12 Months Ended
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Jan. 28, 2024
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 the chief operating decision maker, who is our President and Chief Executive Officer, 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 millions | January 28, 2024 |  | January 29, 2023 |  | January 30, 2022
Net property and equipment – in the U.S. | $ | 23,347 |  |  | $ | 23,057 |  |  | $ | 22,696 |
Net property and equipment – outside the U.S. | 2,807 |  |  | 2,574 |  |  | 2,503 |
Net property and equipment | $ | 26,154 |  |  | $ | 25,631 |  |  | $ | 25,199 |
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:
| Fiscal |  | Fiscal |  | Fiscal
in millions | 2023 |  | 2022 |  | 2021
Net sales – in the U.S. | $ | 140,083 |  |  | $ | 144,840 |  |  | $ | 138,920 |
Net sales – outside the U.S. | 12,586 |  |  | 12,563 |  |  | 12,237 |
Net sales | $ | 152,669 |  |  | $ | 157,403 |  |  | $ | 151,157 |
The following table presents net sales by products and services:
| Fiscal |  | Fiscal |  | Fiscal
in millions | 2023 |  | 2022 |  | 2021
Net sales – products | $ | 146,835 |  |  | $ | 151,804 |  |  | $ | 145,745 |
Net sales – services | 5,834 |  |  | 5,599 |  |  | 5,412 |
Net sales | $ | 152,669 |  |  | $ | 157,403 |  |  | $ | 151,157 |
The following table presents major product lines and the related merchandising departments (and related services):
Major Product Line |  | Merchandising 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):
| Fiscal |  | Fiscal |  | Fiscal
in millions | 2023 |  | 2022 |  | 2021
Building Materials | $ | 57,039 |  |  | $ | 59,533 |  |  | $ | 54,990 |
Décor | 50,295 |  |  | 52,322 |  |  | 50,437 |
Hardlines | 45,335 |  |  | 45,548 |  |  | 45,730 |
Net sales | $ | 152,669 |  |  | $ | 157,403 |  |  | $ | 151,157 |
The following table presents net sales by merchandising department (and related services):
| Fiscal |  | Fiscal |  | Fiscal
| 2023 |  | 2022 |  | 2021
dollars in millions | Net Sales |  | % of Net Sales |  | Net Sales |  | % of Net Sales |  | Net Sales |  | % of Net Sales
Appliances | $ | 13,863 |  |  | 9.1 | % |  | $ | 14,461 |  |  | 9.2 | % |  | $ | 14,232 |  |  | 9.4 | %
Building Materials | 11,975 |  |  | 7.8 |  |  | 11,298 |  |  | 7.2 |  |  | 9,823 |  |  | 6.5 |
Décor/Storage | 6,012 |  |  | 3.9 |  |  | 6,357 |  |  | 4.0 |  |  | 6,095 |  |  | 4.0 |
Electrical/Lighting | 12,521 |  |  | 8.2 |  |  | 13,746 |  |  | 8.7 |  |  | 13,473 |  |  | 8.9 |
Flooring | 8,754 |  |  | 5.7 |  |  | 9,222 |  |  | 5.9 |  |  | 9,225 |  |  | 6.1 |
Hardware | 8,147 |  |  | 5.3 |  |  | 8,104 |  |  | 5.1 |  |  | 7,873 |  |  | 5.2 |
Indoor Garden | 14,743 |  |  | 9.7 |  |  | 14,990 |  |  | 9.5 |  |  | 15,546 |  |  | 10.3 |
Kitchen and Bath | 10,593 |  |  | 6.9 |  |  | 11,102 |  |  | 7.1 |  |  | 10,432 |  |  | 6.9 |
Lumber | 11,731 |  |  | 7.7 |  |  | 13,460 |  |  | 8.6 |  |  | 13,344 |  |  | 8.8 |
Millwork | 8,301 |  |  | 5.4 |  |  | 8,423 |  |  | 5.4 |  |  | 7,412 |  |  | 4.9 |
Outdoor Garden | 10,278 |  |  | 6.7 |  |  | 10,078 |  |  | 6.4 |  |  | 10,317 |  |  | 6.8 |
Paint | 11,073 |  |  | 7.3 |  |  | 11,180 |  |  | 7.1 |  |  | 10,453 |  |  | 6.9 |
Plumbing | 12,511 |  |  | 8.2 |  |  | 12,606 |  |  | 8.0 |  |  | 10,938 |  |  | 7.2 |
Tools | 12,167 |  |  | 8.0 |  |  | 12,376 |  |  | 7.9 |  |  | 11,994 |  |  | 7.9 |
Total | $ | 152,669 |  |  | 100.0 | % |  | $ | 157,403 |  |  | 100.0 | % |  | $ | 151,157 |  |  | 100.0 | %
————— Note: Certain percentages may not sum to totals due to rounding.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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