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SEGMENT REPORTING AND NET SALES (Tables)

9 Months Ended

Nov. 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:

			Three Months Ended												Nine Months Ended
in millions			November 2, 2025						October 27, 2024						November 2, 2025						October 27, 2024
Net sales			$	37,462					$	37,289					$	116,906					$	115,608
Cost of sales			24,443						24,532						76,555						76,283
Selling, general and administrative			7,134						6,846						21,673						20,493
Depreciation and amortization			697						693						2,090						2,073
Operating income			$	5,188					$	5,218					$	16,588					$	16,759

The following tables present a reconciliation of certain segment information to our consolidated totals:

			Three Months Ended																		Nine Months Ended
			November 2, 2025																		November 2, 2025
in millions			Primary						Other						Consolidated						Primary						Other						Consolidated
Net sales			$	37,462					$	3,890					$	41,352					$	116,906					$	9,579					$	126,485
Operating income			5,188						165						5,353						16,588						453						17,041
Interest income and other, net															(32)																		(81)
Interest expense															628																		1,818
Earnings before provision for income taxes															$	4,757																	$	15,304
Depreciation and amortization (1)			$	835					$	195					$	1,030					$	2,504					$	492					$	2,996

—————

(1)    Includes depreciation and finance lease amortization in cost of sales. Also includes intangible asset amortization expense of $52 million and $156 million for the three and nine months ended November 2, 2025, respectively, in our Primary segment, and intangible asset amortization expense of $106 million and $280 million for the three and nine months ended November 2, 2025, respectively, in Other.

			Three Months Ended																		Nine Months Ended
			October 27, 2024																		October 27, 2024
in millions			Primary						Other						Consolidated						Primary						Other						Consolidated
Net sales			$	37,289					$	2,928					$	40,217					$	115,608					$	4,202					$	119,810
Operating income			5,218						200						5,418						16,759						272						17,031
Interest income and other, net															(30)																		(171)
Interest expense															625																		1,683
Earnings before provision for income taxes															$	4,823																	$	15,519
Depreciation and amortization (1)			$	839					$	140					$	979					$	2,500					$	207					$	2,707

—————

(1)    Includes depreciation and finance lease amortization in cost of sales. Also includes intangible asset amortization expense of $52 million and $155 million for the three and nine months ended October 27, 2024, respectively, in our Primary segment, and intangible asset amortization expense of $86 million and $125 million for the three and nine months ended October 27, 2024, respectively, 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												Nine Months Ended
in millions			November 2, 2025						October 27, 2024						November 2, 2025						October 27, 2024
Building Materials			$	13,596					$	13,531					$	40,699					$	40,115
Décor			12,938						12,831						39,273						39,118
Hardlines			10,928						10,927						36,934						36,375
Primary segment net sales			37,462						37,289						116,906						115,608
Other net sales (1)			3,890						2,928						9,579						4,202
Net sales			$	41,352					$	40,217					$	126,485					$	119,810

—————

(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												Nine Months Ended
in millions			November 2, 2025						October 27, 2024						November 2, 2025						October 27, 2024
Net sales – products			$	39,874					$	38,692					$	122,111					$	115,375
Net sales – services			1,478						1,525						4,374						4,435
Net sales			$	41,352					$	40,217					$	126,485					$	119,810

Schedule of Net Sales, Classified by Geography

The following table presents net sales, classified by geography:

			Three Months Ended												Nine Months Ended
in millions			November 2, 2025						October 27, 2024						November 2, 2025						October 27, 2024
Net sales – in the U.S.			$	38,126					$	37,135					$	117,079					$	110,217
Net sales – outside the U.S.			3,226						3,082						9,406						9,593
Net sales			$	41,352					$	40,217					$	126,485					$	119,810

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