XML 55 R35.htm IDEA: XBRL DOCUMENT
v3.25.1

STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
--- | ---
Feb. 02, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock-Based Compensation Expense, Net of Estimated Forfeitures | The following table presents total stock-based compensation expense, net of estimated forfeitures, including expense related to our ESPPs, and related income tax benefit:
in millions | Fiscal |  | Fiscal |  | Fiscal
2024 |  | 2023 |  | 2022
Pre-tax stock-based compensation expense | $ | 444 |  |  | $ | 382 |  |  | $ | 367 |
Income tax benefit | (92) |  |  | (79) |  |  | (73) |
After-tax stock-based compensation expense | $ | 352 |  |  | $ | 303 |  |  | $ | 294 |
Schedule of Option Valuation Assumptions | The following table presents the per share weighted average fair value of stock options granted and the assumptions used in determining fair value at the date of grant using the Black-Scholes option-pricing model:
| Fiscal |  | Fiscal |  | Fiscal
| 2024 |  | 2023 |  | 2022
Per share weighted average fair value | $ | 95.50 |  |  | $ | 66.01 |  |  | $ | 70.21 |
Risk-free interest rate | 4.2 | % |  | 3.6 | % |  | 2.5 | %
Expected volatility | 24.6 | % |  | 26.7 | % |  | 27.0 | %
Dividend yield | 2.4 | % |  | 2.8 | % |  | 2.4 | %
Expected term | 6 years |  | 6 years |  | 6 years
Schedule of Option Activity by Number of Shares and Weighted Average Exercise Price | The following table presents a summary of stock option activity by number of shares and weighted average exercise price during fiscal 2024:
shares in thousands | Number of Shares |  | Weighted Average Exercise Price
Outstanding at beginning of year | 3,085 |  |  | $ | 189.97 |
Granted | 175 |  |  | 383.15 |
Exercised | (1,036) |  |  | 138.64 |
Forfeited | (23) |  |  | 306.00 |
Outstanding at end of year | 2,201 |  |  | 228.23 |
Intrinsic Value of Stock Options Exercised | The following table presents the total intrinsic value of stock options exercised:
in millions | Fiscal |  | Fiscal |  | Fiscal
2024 |  | 2023 |  | 2022
Total intrinsic value of stock options exercised | $ | 254 |  |  | $ | 152 |  |  | $ | 61 |
Schedule of Options Outstanding and Exercisable | The following table presents details regarding outstanding and exercisable stock options at February 2, 2025:
shares in thousands, dollars in millions, except for per share amounts | Number of Shares |  | Intrinsic Value |  | Weighted Average Remaining Life |  | Weighted Average Exercise Price
Outstanding | 2,201 |  |  | $ | 404 |  |  | 5.0 years |  | $ | 228.23 |
Exercisable | 1,411 |  |  | 320 |  |  | 3.6 years |  | 185.43 |
Schedule of Restricted Stock and Restricted Stock Unit Activity | The following table presents a summary of restricted stock and restricted stock unit activity during fiscal 2024:
shares in thousands | Number of Shares |  | Weighted Average Grant Date Fair Value
Nonvested at beginning of year | 3,033 |  |  | $ | 277.09 |
Granted (1) | 1,330 |  |  | 375.21 |
Vested | (1,113) |  |  | 260.05 |
Forfeited | (200) |  |  | 315.04 |
Nonvested at end of year | 3,050 |  |  | 323.61 |
————— (1) Includes replacement restricted stock awards with service-based vesting conditions issued in connection with the SRS acquisition (see Note 1 3).
Schedule of total fair value of restricted stock, performance shares, and restricted stock units that vested | The following table presents the total fair value of restricted stock and restricted stock units vested:
in millions | Fiscal |  | Fiscal |  | Fiscal
2024 |  | 2023 |  | 2022
Total fair value vested | $ | 429 |  |  | $ | 312 |  |  | $ | 387 |
The following table presents the total fair value of performance shares vested:
in millions | Fiscal |  | Fiscal |  | Fiscal
2024 |  | 2023 |  | 2022
Total fair value vested | $ | 83 |  |  | $ | 100 |  |  | $ | 92 |
Schedule of Share-Based Payment Award, Performance Shares, Valuation Assumptions | The following table presents the per share weighted average fair value and the assumptions used in the Monte Carlo simulation for the market-based awards:
| Fiscal |  |  |  |
| 2024 |  |  |  |
Per share weighted average fair value | $ | 125.92 |  |  |  |  |
Risk-free interest rate | 4.1 | % |  |  |  |
Expected volatility | 25.4 | % |  |  |  |
Dividend yield | 2.5 | % |  |  |  |
Award term | 5 years |  |  |  |
Schedule of Performance Share Activity | The following table presents a summary of performance share activity during fiscal 2024:
shares in thousands | Number of Shares |  | Weighted Average Grant Date Fair Value
Nonvested at beginning of year | 353 |  |  | $ | 297.25 |
Granted (1) | 1,146 |  |  | 295.30 |
Vested | (223) |  |  | 292.75 |
Forfeited | (68) |  |  | 293.86 |
Nonvested at end of year | 1,208 |  |  | 296.42 |
————— (1) Includes performance share awards issued in relation to the SRS acquisition.
Schedule of deferred shares granted | The following table presents deferred shares granted to non-employee directors:
shares in thousands | Fiscal |  | Fiscal |  | Fiscal
2024 |  | 2023 |  | 2022
Deferred shares granted to non-employee directors | 15 |  |  | 19 |  |  | 19 |

X
- Definition Schedule of Share-Based Payment Award, Performance Shares, Valuation Assumptions + References No definition available. + Details
Name: | hd_ScheduleOfShareBasedPaymentAwardPerformanceSharesValuationAssumptionsTableTextBlock
Namespace Prefix: | hd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an equity-based arrangement (such as stock or unit options and stock or unit awards) with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain equity-based awards at future dates, sometimes including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares or units issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 710 -SubTopic 10 -Name Accounting Standards Codification -Section 30 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483043/710-10-30-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 710 -SubTopic 10 -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482943/710-10-55-8 + Details
Name: | us-gaap_ScheduleOfDeferredCompensationArrangementWithIndividualShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the total intrinsic value of options exercised (or share units converted), share-based liabilities paid, and the total fair value of shares vested during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (d)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for exercisable or convertible options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (e)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of number and weighted-average grant date fair value for nonvested performance shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ShareBasedCompensationPerformanceSharesAwardUnvestedActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration