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v3.25.1

SEGMENT REPORTING AND NET SALES (Tables) | 12 Months Ended
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Feb. 02, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following table presents net sales, significant expenses, and operating income for our Primary segment:
in millions | Fiscal 2024 |  | Fiscal 2023 |  | Fiscal 2022 |  |  |  |  |  |
Net sales | $ | 153,108 |  |  | $ | 152,669 |  |  | $ | 157,403 |  |  |  |  |  |  |
Cost of sales | 101,194 |  |  | 101,709 |  |  | 104,625 |  |  |  |  |  |  |
Gross profit | 51,914 |  |  | 50,960 |  |  | 52,778 |  |  |  |  |  |  |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |
Selling, general and administrative | 27,822 |  |  | 26,598 |  |  | 26,284 |  |  |  |  |  |  |
Depreciation and amortization | 2,779 |  |  | 2,673 |  |  | 2,455 |  |  |  |  |  |  |
Total operating expenses | 30,601 |  |  | 29,271 |  |  | 28,739 |  |  |  |  |  |  |
Primary segment operating income | $ | 21,313 |  |  | $ | 21,689 |  |  | $ | 24,039 |  |  |  |  |  |  |
The following table presents a reconciliation of certain Primary segment information to our consolidated totals:
| Fiscal 2024 |  |
in millions | Primary Segment |  | Other |  | Consolidated |  |  |  |  |  |
Net sales | $ | 153,108 |  |  | $ | 6,406 |  |  | $ | 159,514 |  |  |  |  |  |  |
Operating income | 21,313 |  |  | 213 |  |  | 21,526 |  |  |  |  |  |  |
Interest income and other, net |  |  |  |  | (201) |  |  |  |  |  |  |
Interest expense |  |  |  |  | 2,321 |  |  |  |  |  |  |
Earnings before provision for income taxes |  |  |  |  | $ | 19,406 |  |  |  |  |  |  |
Depreciation and amortization (1) | $ | 3,350 |  |  | $ | 358 |  |  | $ | 3,708 |  |  |  |  |  |  |
————— (1)Includes depreciation and finance lease amortization in cost of sales. Also includes intangible asset amortization expense of $207 million in our Primary segment and $218 million in Other.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas | The following table presents net property and equipment, classified by geography:
in millions | February 2, 2025 |  | January 28, 2024 |  | January 29, 2023
Net property and equipment – in the U.S. | $ | 24,193 |  |  | $ | 23,347 |  |  | $ | 23,057 |
Net property and equipment – outside the U.S. | 2,509 |  |  | 2,807 |  |  | 2,574 |
Net property and equipment | $ | 26,702 |  |  | $ | 26,154 |  |  | $ | 25,631 |
The following table presents net sales, classified by geography:
| Fiscal |  | Fiscal |  | Fiscal
in millions | 2024 |  | 2023 |  | 2022
Net sales – in the U.S. | $ | 147,007 |  |  | $ | 140,083 |  |  | $ | 144,840 |
Net sales – outside the U.S. | 12,507 |  |  | 12,586 |  |  | 12,563 |
Net sales | $ | 159,514 |  |  | $ | 152,669 |  |  | $ | 157,403 |
Schedule of Net Sales by Products and Services | The following table presents our Primary segment major product lines and the related merchandising departments (and related services):
Major Product Line |  | Merchandising Departments
Building Materials |  | Building Materials, Electrical, Lumber, Millwork, and Plumbing
Décor |  | Appliances, Bath, Flooring, Kitchen & Blinds, Lighting, and Paint
Hardlines |  | Hardware, Indoor Garden, Outdoor Garden, Power, and Storage & Organization
The following table presents net sales by major product line (and related services) within our Primary segment, as well as Other net sales:
| Fiscal |  | Fiscal |  | Fiscal
in millions | 2024 |  | 2023 |  | 2022
Building Materials | $ | 52,756 |  |  | $ | 52,661 |  |  | $ | 54,572 |
Décor | 51,790 |  |  | 51,945 |  |  | 54,442 |
Hardlines | 48,562 |  |  | 48,063 |  |  | 48,389 |
Primary segment net sales | 153,108 |  |  | 152,669 |  |  | 157,403 |
Other net sales | 6,406 |  |  | — |  |  | — |
Net sales | $ | 159,514 |  |  | $ | 152,669 |  |  | $ | 157,403 |
The following table presents net sales by merchandising department (and related services) within our Primary segment, as well as Other net sales:
| Fiscal |  | Fiscal |  | Fiscal
| 2024 |  | 2023 |  | 2022
dollars in millions | Net Sales |  | % of Net Sales |  | Net Sales |  | % of Net Sales |  | Net Sales |  | % of Net Sales
Appliances | $ | 14,046 |  |  | 8.8 | % |  | $ | 13,917 |  |  | 9.1 | % |  | $ | 14,521 |  |  | 9.2 | %
Bath | 6,485 |  |  | 4.1 |  |  | 6,630 |  |  | 4.3 |  |  | 6,855 |  |  | 4.4 |
Building Materials | 12,423 |  |  | 7.8 |  |  | 12,118 |  |  | 7.9 |  |  | 11,410 |  |  | 7.2 |
Electrical | 7,877 |  |  | 4.9 |  |  | 8,038 |  |  | 5.3 |  |  | 8,824 |  |  | 5.6 |
Flooring | 8,596 |  |  | 5.4 |  |  | 8,762 |  |  | 5.7 |  |  | 9,198 |  |  | 5.8 |
Hardware | 8,999 |  |  | 5.6 |  |  | 9,010 |  |  | 5.9 |  |  | 8,953 |  |  | 5.7 |
Indoor Garden | 10,519 |  |  | 6.6 |  |  | 10,283 |  |  | 6.7 |  |  | 10,105 |  |  | 6.4 |
Kitchen & Blinds | 7,238 |  |  | 4.5 |  |  | 7,154 |  |  | 4.7 |  |  | 7,751 |  |  | 4.9 |
Lighting | 4,222 |  |  | 2.6 |  |  | 4,531 |  |  | 3.0 |  |  | 5,036 |  |  | 3.2 |
Lumber | 11,762 |  |  | 7.4 |  |  | 11,721 |  |  | 7.7 |  |  | 13,436 |  |  | 8.5 |
Millwork | 8,337 |  |  | 5.2 |  |  | 8,301 |  |  | 5.4 |  |  | 8,428 |  |  | 5.4 |
Outdoor Garden | 10,308 |  |  | 6.5 |  |  | 10,278 |  |  | 6.7 |  |  | 10,039 |  |  | 6.4 |
Paint | 11,203 |  |  | 7.0 |  |  | 10,951 |  |  | 7.2 |  |  | 11,081 |  |  | 7.0 |
Plumbing | 12,357 |  |  | 7.7 |  |  | 12,483 |  |  | 8.2 |  |  | 12,474 |  |  | 7.9 |
Power | 13,100 |  |  | 8.2 |  |  | 12,864 |  |  | 8.4 |  |  | 13,271 |  |  | 8.4 |
Storage & Organization | 5,636 |  |  | 3.5 |  |  | 5,628 |  |  | 3.7 |  |  | 6,021 |  |  | 3.8 |
Primary segment net sales | 153,108 |  |  | 96.0 |  |  | 152,669 |  |  | 100.0 |  |  | 157,403 |  |  | 100.0 |
Other net sales | 6,406 |  |  | 4.0 |  |  | — |  |  | — |  |  | — |  |  | — |
Net sales | $ | 159,514 |  |  | 100.0 | % |  | $ | 152,669 |  |  | 100.0 | % |  | $ | 157,403 |  |  | 100.0 | %
————— Note: Certain percentages may not sum to totals due to rounding. The following table presents net sales by products and services:
| Fiscal |  | Fiscal |  | Fiscal
in millions | 2024 |  | 2023 |  | 2022
Net sales – products | $ | 153,674 |  |  | $ | 146,835 |  |  | $ | 151,804 |
Net sales – services | 5,840 |  |  | 5,834 |  |  | 5,599 |
Net sales | $ | 159,514 |  |  | $ | 152,669 |  |  | $ | 157,403 |

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