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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

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