XML 33 R21.htm IDEA: XBRL DOCUMENT
v3.25.2

SEGMENT REPORTING AND NET SALES (Tables) | 6 Months Ended
--- | ---
Aug. 03, 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:
| Three Months Ended |  | Six Months Ended
in millions | August 3, 2025 |  | July 28, 2024 |  | August 3, 2025 |  | July 28, 2024
Net sales | $ | 42,157 |  |  | $ | 41,901 |  |  | $ | 79,444 |  |  | $ | 78,319 |
Cost of sales | 27,728 |  |  | 27,766 |  |  | 52,112 |  |  | 51,751 |
Selling, general and administrative | 7,375 |  |  | 6,980 |  |  | 14,539 |  |  | 13,647 |
Depreciation and amortization | 700 |  |  | 693 |  |  | 1,393 |  |  | 1,380 |
Primary segment operating income | $ | 6,354 |  |  | $ | 6,462 |  |  | $ | 11,400 |  |  | $ | 11,541 |
The following tables present a reconciliation of certain Primary segment information to our consolidated totals:
| Three Months Ended |  | Six Months Ended
| August 3, 2025 |  | August 3, 2025
in millions | Primary Segment |  | Other |  | Consolidated |  | Primary Segment |  | Other |  | Consolidated
Net sales | $ | 42,157 |  |  | $ | 3,120 |  |  | $ | 45,277 |  |  | $ | 79,444 |  |  | $ | 5,689 |  |  | $ | 85,133 |
Operating income | 6,354 |  |  | 201 |  |  | 6,555 |  |  | 11,400 |  |  | 288 |  |  | 11,688 |
Interest income and other, net |  |  |  |  | (25) |  |  |  |  |  |  | (49) |
Interest expense |  |  |  |  | 575 |  |  |  |  |  |  | 1,190 |
Earnings before provision for income taxes |  |  |  | $ | 6,005 |  |  |  |  |  |  | $ | 10,547 |
Depreciation and amortization (1) | $ | 838 |  |  | $ | 150 |  |  | $ | 988 |  |  | $ | 1,669 |  |  | $ | 297 |  |  | $ | 1,966 |
————— (1)Includes depreciation and finance lease amortization in cost of sales. Also includes intangible asset amortization expense of $52 million and $104 million for the three and six months ended August 3, 2025, respectively, in our Primary segment, and intangible asset amortization expense of $87 million and $174 million for the three and six months ended August 3, 2025, respectively, in Other.
| Three Months Ended |  | Six Months Ended
| July 28, 2024 |  | July 28, 2024
in millions | Primary Segment |  | Other |  | Consolidated |  | Primary Segment |  | Other |  | Consolidated
Net sales | $ | 41,901 |  |  | $ | 1,274 |  |  | $ | 43,175 |  |  | $ | 78,319 |  |  | $ | 1,274 |  |  | $ | 79,593 |
Operating income | 6,462 |  |  | 72 |  |  | 6,534 |  |  | 11,541 |  |  | 72 |  |  | 11,613 |
Interest income and other, net |  |  |  |  | (84) |  |  |  |  |  |  | (141) |
Interest expense |  |  |  |  | 573 |  |  |  |  |  |  | 1,058 |
Earnings before provision for income taxes |  |  |  | $ | 6,045 |  |  |  |  |  |  | $ | 10,696 |
Depreciation and amortization (1) | $ | 834 |  |  | $ | 67 |  |  | $ | 901 |  |  | $ | 1,661 |  |  | $ | 67 |  |  | $ | 1,728 |
————— (1)Includes depreciation and finance lease amortization in cost of sales. Also includes intangible asset amortization expense of $51 million and $103 million for the three and six months ended July 28, 2024, respectively, in our Primary segment, and intangible asset amortization expense of $39 million for both the three and six months ended July 28, 2024 in Other.
Schedule of Net Sales by Major Product Line | 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
Schedule of Net Sales by Products and Services | The following table presents net sales by major product line (and related services) within our Primary segment, as well as Other net sales:
| Three Months Ended |  | Six Months Ended
in millions | August 3, 2025 |  | July 28, 2024 |  | August 3, 2025 |  | July 28, 2024
Building Materials | $ | 14,172 |  |  | $ | 13,982 |  |  | $ | 27,103 |  |  | $ | 26,584 |
Décor | 13,856 |  |  | 13,752 |  |  | 26,335 |  |  | 26,287 |
Hardlines | 14,129 |  |  | 14,167 |  |  | 26,006 |  |  | 25,448 |
Primary segment net sales | 42,157 |  |  | 41,901 |  |  | 79,444 |  |  | 78,319 |
Other net sales (1) | 3,120 |  |  | 1,274 |  |  | 5,689 |  |  | 1,274 |
Net sales | $ | 45,277 |  |  | $ | 43,175 |  |  | $ | 85,133 |  |  | $ | 79,593 |
————— (1) See above for further discussion of Other net sales. Note: As disclosed in our Quarterly Report on Form 10-Q for the first quarter of fiscal 2025, we made changes that realigned certain product categories across our merchandising departments and major product lines within our Primary segment. As a result, prior-year amounts have been updated to conform with the current-year presentation. These changes had no impact on our consolidated net sales. The following table presents net sales by products and services:
| Three Months Ended |  | Six Months Ended
in millions | August 3, 2025 |  | July 28, 2024 |  | August 3, 2025 |  | July 28, 2024
Net sales – products | $ | 43,725 |  |  | $ | 41,605 |  |  | $ | 82,237 |  |  | $ | 76,683 |
Net sales – services | 1,552 |  |  | 1,570 |  |  | 2,896 |  |  | 2,910 |
Net sales | $ | 45,277 |  |  | $ | 43,175 |  |  | $ | 85,133 |  |  | $ | 79,593 |
Schedule of Net Sales, Classified by Geography | The following table presents net sales, classified by geography:
| Three Months Ended |  | Six Months Ended
in millions | August 3, 2025 |  | July 28, 2024 |  | August 3, 2025 |  | July 28, 2024
Net sales – in the U.S. | $ | 41,729 |  |  | $ | 39,513 |  |  | $ | 78,953 |  |  | $ | 73,082 |
Net sales – outside the U.S. | 3,548 |  |  | 3,662 |  |  | 6,180 |  |  | 6,511 |
Net sales | $ | 45,277 |  |  | $ | 43,175 |  |  | $ | 85,133 |  |  | $ | 79,593 |

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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