Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Nov. 03, 2013 | Nov. 19, 2013 | |
Document And Entity Information | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 3-Nov-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Entity Registrant Name | 'HOME DEPOT INC | ' |
Entity Central Index Key | '0000354950 | ' |
Current Fiscal Year End Date | '--02-02 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 1,408,227,028 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Nov. 03, 2013 | Feb. 03, 2013 |
In Millions, unless otherwise specified | ||
Current Assets: | ' | ' |
Cash and Cash Equivalents | $4,853 | $2,494 |
Receivables, net | 1,606 | 1,395 |
Merchandise Inventories | 11,348 | 10,710 |
Other Current Assets | 791 | 773 |
Total Current Assets | 18,598 | 15,372 |
Property and Equipment, at cost | 38,989 | 38,491 |
Less Accumulated Depreciation and Amortization | 15,432 | 14,422 |
Net Property and Equipment | 23,557 | 24,069 |
Goodwill | 1,172 | 1,170 |
Other Assets | 487 | 473 |
Total Assets | 43,814 | 41,084 |
Current Liabilities: | ' | ' |
Accounts Payable | 6,366 | 5,376 |
Accrued Salaries and Related Expenses | 1,315 | 1,414 |
Sales Taxes Payable | 480 | 472 |
Deferred Revenue | 1,292 | 1,270 |
Income Taxes Payable | 30 | 22 |
Current Installments of Long-Term Debt | 1,317 | 1,321 |
Other Accrued Expenses | 1,729 | 1,587 |
Total Current Liabilities | 12,529 | 11,462 |
Long-Term Debt, excluding current installments | 14,692 | 9,475 |
Other Long-Term Liabilities | 2,019 | 2,051 |
Deferred Income Taxes | 360 | 319 |
Total Liabilities | 29,600 | 23,307 |
STOCKHOLDERS' EQUITY | ' | ' |
Common Stock, par value $0.05; authorized: 10 billion shares; issued: 1.759 billion shares at November 3, 2013 and 1.754 billion shares at February 3, 2013; outstanding: 1.408 billion shares at November 3, 2013 and 1.484 billion shares at February 3, 2013 | 88 | 88 |
Paid-In Capital | 7,979 | 7,948 |
Retained Earnings | 22,711 | 20,038 |
Accumulated Other Comprehensive Income | 254 | 397 |
Treasury Stock, at cost, 351 million shares at November 3, 2013 and 270 million shares at February 3, 2013 | -16,818 | -10,694 |
Total Stockholders’ Equity | 14,214 | 17,777 |
Total Liabilities and Stockholders' Equity | $43,814 | $41,084 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Nov. 03, 2013 | Feb. 03, 2013 |
Statement of Financial Position [Abstract] | ' | ' |
Common Stock, par value | $0.05 | $0.05 |
Common Stock, shares authorized | 10,000,000,000 | 10,000,000,000 |
Common Stock, shares issued | 1,759,000,000 | 1,754,000,000 |
Common Stock, shares outstanding | 1,408,000,000 | 1,484,000,000 |
Treasury Stock, shares | 351,000,000 | 270,000,000 |
Consolidated_Statements_Of_Ear
Consolidated Statements Of Earnings (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Nov. 03, 2013 | Oct. 28, 2012 | Nov. 03, 2013 | Oct. 28, 2012 |
Income Statement [Abstract] | ' | ' | ' | ' |
NET SALES | $19,470 | $18,130 | $61,116 | $56,508 |
Cost of Sales | 12,672 | 11,863 | 39,918 | 37,032 |
GROSS PROFIT | 6,798 | 6,267 | 21,198 | 19,476 |
Operating Expenses: | ' | ' | ' | ' |
Selling, General and Administrative | 4,096 | 4,139 | 12,573 | 12,291 |
Depreciation and Amortization | 409 | 395 | 1,220 | 1,169 |
Total Operating Expenses | 4,505 | 4,534 | 13,793 | 13,460 |
OPERATING INCOME | 2,293 | 1,733 | 7,405 | 6,016 |
Interest and Other (Income) Expense: | ' | ' | ' | ' |
Interest and Investment Income | -3 | -5 | -8 | -14 |
Interest Expense | 191 | 155 | 529 | 466 |
Other | 0 | 0 | 0 | -67 |
Interest and Other, net | 188 | 150 | 521 | 385 |
EARNINGS BEFORE PROVISION FOR INCOME TAXES | 2,105 | 1,583 | 6,884 | 5,631 |
Provision for Income Taxes | 754 | 636 | 2,512 | 2,117 |
NET EARNINGS | $1,351 | $947 | $4,372 | $3,514 |
Weighted Average Common Shares | 1,408 | 1,487 | 1,438 | 1,505 |
BASIC EARNINGS PER SHARE | $0.96 | $0.64 | $3.04 | $2.33 |
Diluted Weighted Average Common Shares | 1,417 | 1,498 | 1,448 | 1,517 |
DILUTED EARNINGS PER SHARE | $0.95 | $0.63 | $3.02 | $2.32 |
Dividends Declared Per Share | $0.39 | $0.29 | $1.17 | $0.87 |
Consolidated_Statements_Of_Com
Consolidated Statements Of Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Nov. 03, 2013 | Oct. 28, 2012 | Nov. 03, 2013 | Oct. 28, 2012 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net Earnings | $1,351 | $947 | $4,372 | $3,514 |
Other Comprehensive (Loss) Income: | ' | ' | ' | ' |
Foreign Currency Translation Adjustments | -5 | 95 | -114 | 114 |
Cash Flow Hedges, net of tax | -21 | 1 | -18 | 4 |
Other | -1 | 0 | -11 | 0 |
Total Other Comprehensive (Loss) Income | -27 | 96 | -143 | 118 |
COMPREHENSIVE INCOME | $1,324 | $1,043 | $4,229 | $3,632 |
Consolidated_Statements_Of_Cas
Consolidated Statements Of Cash Flows (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Nov. 03, 2013 | Oct. 28, 2012 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Net Earnings | $4,372 | $3,514 |
Reconciliation of Net Earnings to Net Cash Provided by Operating Activities: | ' | ' |
Depreciation and Amortization | 1,317 | 1,257 |
Stock-Based Compensation Expense | 169 | 158 |
Goodwill Impairment | 0 | 97 |
Changes in Assets and Liabilities, net of the effects of acquisitions: | ' | ' |
Receivables, net | -219 | -388 |
Merchandise Inventories | -683 | -596 |
Other Current Assets | 37 | 164 |
Accounts Payable and Accrued Expenses | 944 | 1,069 |
Deferred Revenue | 26 | 47 |
Income Taxes Payable | 125 | 83 |
Deferred Income Taxes | -29 | 63 |
Other | -78 | -84 |
Net Cash Provided by Operating Activities | 5,981 | 5,384 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' |
Capital Expenditures | -964 | -887 |
Payments for Businesses Acquired, net | -15 | -121 |
Proceeds from Sales of Property and Equipment | 34 | 21 |
Net Cash Used in Investing Activities | -945 | -987 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Proceeds from Long-Term Borrowings, net of discount | 5,222 | 0 |
Repayments of Long-Term Debt | -25 | -23 |
Repurchases of Common Stock | -6,446 | -3,330 |
Proceeds from Sales of Common Stock | 164 | 697 |
Cash Dividends Paid to Stockholders | -1,699 | -1,312 |
Other Financing Activities | 104 | 133 |
Net Cash Used in Financing Activities | -2,680 | -3,835 |
Change in Cash and Cash Equivalents | 2,356 | 562 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | 3 | 5 |
Cash and Cash Equivalents at Beginning of Period | 2,494 | 1,987 |
Cash and Cash Equivalents at End of Period | $4,853 | $2,554 |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 9 Months Ended |
Nov. 03, 2013 | |
Accounting Policies [Abstract] | ' |
Summary of Significant Accounting Policies | ' |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Basis of Presentation | |
The accompanying Consolidated Financial Statements have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and footnotes required by generally accepted accounting principles ("GAAP") for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These statements should be read in conjunction with the Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended February 3, 2013, as filed with the Securities and Exchange Commission. | |
Business | |
The Home Depot, Inc. and its subsidiaries (the "Company") operate The Home Depot stores, which are full-service, warehouse-style stores averaging approximately 104,000 square feet of enclosed space, with approximately 24,000 additional square feet of outside garden area. The stores stock approximately 30,000 to 40,000 different kinds of building materials, home improvement supplies and lawn and garden products that are sold to do-it-yourself customers, do-it-for-me customers and professional customers. The Company also offers over 600,000 products through its Home Depot and Home Decorators Collection websites. | |
Valuation Reserves | |
As of November 3, 2013 and February 3, 2013, the valuation allowances for Merchandise Inventories and uncollectible Receivables were not material. |
LongTerm_Debt
Long-Term Debt | 9 Months Ended |
Nov. 03, 2013 | |
Debt Disclosure [Abstract] | ' |
Long-Term Debt | ' |
LONG-TERM DEBT | |
In April 2013, the Company issued $1.0 billion of 2.70% senior notes due April 1, 2023 at a discount of $2 million and $1.0 billion of 4.20% senior notes due April 1, 2043 at a discount of $4 million (together, the "April 2013 issuance"). Interest on these notes is due semi-annually on April 1 and October 1 of each year, beginning October 1, 2013. The net proceeds of the April 2013 issuance were used for general corporate purposes, including repurchases of shares of the Company's common stock. The $6 million discount associated with the April 2013 issuance is being amortized over the term of the notes using the effective interest rate method. Issuance costs associated with the April 2013 issuance were approximately $15 million and are being amortized over the term of the notes. | |
In September 2013, the Company issued $1.15 billion of 2.25% senior notes due September 10, 2018 (the "2018 notes”) at a discount of $1 million, $1.1 billion of 3.75% senior notes due February 15, 2024 (the "2024 notes”) at a discount of $6 million and $1.0 billion of 4.875% senior notes due February 15, 2044 (the "2044 notes”) at a discount of $15 million (together, the "September 2013 issuance"). Interest on the 2018 notes is due semi-annually on March 10 and September 10 of each year, beginning March 10, 2014. Interest on the 2024 notes and the 2044 notes is due semi-annually on February 15 and August 15 of each year, beginning February 15, 2014. The net proceeds of the September 2013 issuance will be used for general corporate purposes, including repayment of the Company's $1.25 billion 5.25% senior notes due December 16, 2013 and repurchases of shares of the Company's common stock. The $22 million discount associated with the September 2013 issuance is being amortized over the term of the notes using the effective interest rate method. Issuance costs associated with the September 2013 issuance were approximately $19 million and are being amortized over the term of the notes. | |
The notes may be redeemed by the Company at any time, in whole or in part, at the redemption price plus accrued interest up to the redemption date. The redemption price is equal to the greater of (1) 100% of the principal amount of the notes to be redeemed, and (2) the sum of the present values of the remaining scheduled payments of principal and interest to maturity. Additionally, if a Change in Control Triggering Event occurs, as defined by the indenture governing the notes, holders of the notes have the right to require the Company to redeem those notes at 101% of the aggregate principal amount of the notes plus accrued interest up to the redemption date. The Company is generally not limited under the indenture governing the notes in its ability to incur additional indebtedness or required to maintain financial ratios or specified levels of net worth or liquidity. Further, while the indenture governing the notes contains various restrictive covenants, none is expected to impact the Company's liquidity or capital resources. |
Accelerated_Share_Repurchase_A
Accelerated Share Repurchase Agreements | 9 Months Ended |
Nov. 03, 2013 | |
Accelerated Share Repurchase Agreements [Abstract] | ' |
Accelerated Share Repurchase Agreements | ' |
ACCELERATED SHARE REPURCHASE AGREEMENTS | |
In the first quarter of fiscal 2013, the Company entered into an Accelerated Share Repurchase ("ASR") agreement with a third-party financial institution to repurchase $1.5 billion of the Company’s common stock. Under this agreement, the Company paid $1.5 billion to the financial institution and received an initial delivery of approximately 18.1 million shares in the first quarter of fiscal 2013. The transaction was completed in the second quarter of fiscal 2013, at which time the Company received approximately 2.1 million additional shares. The $1.5 billion of shares repurchased is included in Treasury Stock in the accompanying Consolidated Balance Sheets as of November 3, 2013. The final number of shares delivered upon settlement of the $1.5 billion ASR agreement was determined with reference to the average price of the Company's common stock over the term of the agreement. | |
In the second quarter of fiscal 2013, the Company entered into an ASR agreement with a third-party financial institution to repurchase $1.7 billion of the Company's common stock. Under this agreement, the Company paid $1.7 billion to the financial institution and received an initial delivery of approximately 19.6 million shares in the second quarter of fiscal 2013. The transaction was completed in the third quarter of fiscal 2013, at which time the Company received approximately 2.4 million additional shares. The $1.7 billion of shares repurchased is included in Treasury Stock in the accompanying Consolidated Balance Sheets as of November 3, 2013. The final number of shares delivered upon settlement of the $1.7 billion ASR agreement was determined with reference to the average price of the Company's common stock over the term of the agreement. | |
In the third quarter of fiscal 2013, the Company entered into an ASR agreement with a third-party financial institution to repurchase $1.5 billion of the Company's common stock. Under this agreement, the Company paid $1.5 billion to the financial institution and received an initial delivery of approximately 16.4 million shares in the third quarter of fiscal 2013. The fair market value of the 16.4 million shares on the date of purchase was $1.225 billion and is included in Treasury Stock in the accompanying Consolidated Balance Sheets as of November 3, 2013. The remaining $275 million is included in Paid-In Capital in the accompanying Consolidated Balance Sheets as of November 3, 2013. The final number of shares delivered upon settlement of the $1.5 billion ASR agreement entered into in the third quarter of fiscal 2013 will be determined with reference to the average price of the Company's common stock over the term of the agreement. |
China_Store_Closings
China Store Closings | 9 Months Ended |
Nov. 03, 2013 | |
Restructuring and Related Activities [Abstract] | ' |
China Store Closings | ' |
CHINA STORE CLOSINGS | |
In the third quarter of fiscal 2012, the Company closed its remaining seven big box stores in China. As a result of the closings, the Company recorded a total charge of $165 million, net of tax, in the third quarter of fiscal 2012. Inventory markdown costs of $10 million are included in Cost of Sales, and $155 million of costs related to the impairment of Goodwill and other assets, lease terminations, severance and other charges are included in Selling, General and Administrative expenses in the accompanying Consolidated Statements of Earnings for the three and nine months ended October 28, 2012. |
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | |||||||||||||||||||||||
Nov. 03, 2013 | ||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||
Fair Value Measurements | ' | |||||||||||||||||||||||
FAIR VALUE MEASUREMENTS | ||||||||||||||||||||||||
The fair value of an asset is considered to be the price at which the asset could be sold in an orderly transaction between unrelated knowledgeable and willing parties. A liability’s fair value is defined as the amount that would be paid to transfer the liability to a new obligor, rather than the amount that would be paid to settle the liability with the creditor. Assets and liabilities recorded at fair value are measured using a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: | ||||||||||||||||||||||||
• | Level 1 – | Observable inputs that reflect quoted prices in active markets | ||||||||||||||||||||||
• | Level 2 – | Inputs other than quoted prices in active markets that are either directly or indirectly observable | ||||||||||||||||||||||
• | Level 3 – | Unobservable inputs for which little or no market data exists, therefore requiring the Company to develop its own assumptions | ||||||||||||||||||||||
Assets and Liabilities Measured at Fair Value on a Recurring Basis | ||||||||||||||||||||||||
The assets and liabilities of the Company that are measured at fair value on a recurring basis as of November 3, 2013 and February 3, 2013 were as follows (amounts in millions): | ||||||||||||||||||||||||
Fair Value at November 3, 2013 Using | Fair Value at February 3, 2013 Using | |||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Level 1 | Level 2 | Level 3 | |||||||||||||||||||
Derivative agreements - assets | $ | — | $ | 47 | $ | — | $ | — | $ | 64 | $ | — | ||||||||||||
Derivative agreements - liabilities | — | (18 | ) | — | — | (15 | ) | — | ||||||||||||||||
Total | $ | — | $ | 29 | $ | — | $ | — | $ | 49 | $ | — | ||||||||||||
The Company uses derivative financial instruments from time to time in the management of its interest rate exposure on long-term debt and its exposure on foreign currency fluctuations. The fair value of the Company’s derivative financial instruments was measured using level 2 inputs. | ||||||||||||||||||||||||
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis | ||||||||||||||||||||||||
Liabilities for lease obligation costs related to certain store closings and the exit of certain businesses in fiscal 2009 and 2008 were measured on a nonrecurring basis using fair value measurements with unobservable inputs (level 3). Charges related to these liabilities in the first nine months of fiscal 2013 and 2012 were not material. | ||||||||||||||||||||||||
Long-lived assets were analyzed for impairment on a nonrecurring basis using fair value measurements with unobservable inputs (level 3). Impairment charges related to long-lived assets in the first nine months of fiscal 2013 and 2012 were not material. | ||||||||||||||||||||||||
During the third quarter of fiscal 2013, the Company completed its annual assessment of the recoverability of Goodwill for its U.S., Canada and Mexico reporting units. The fair values of these reporting units were estimated using the present value of expected future discounted cash flows through unobservable inputs (level 3). The Company recorded no impairment charges related to Goodwill in the first nine months of fiscal 2013. | ||||||||||||||||||||||||
Upon announcement in the third quarter of fiscal 2012 of its intention to close seven stores in China, the Company completed an assessment of the recoverability of Goodwill for its China reporting unit. The fair value of the China reporting unit was estimated using the present value of expected future discounted cash flows through unobservable inputs (level 3). As a result of this analysis, the Company recorded a $97 million impairment charge to Goodwill in the third quarter of fiscal 2012. See Note 4 for further discussion of the China store closings. | ||||||||||||||||||||||||
The aggregate fair value of the Company’s senior notes, based on quoted market prices, was $16.6 billion and $12.2 billion at November 3, 2013 and February 3, 2013, respectively, compared to a carrying value of $15.5 billion and $10.3 billion at November 3, 2013 and February 3, 2013, respectively. |
Basic_And_Diluted_Weighted_Ave
Basic And Diluted Weighted Average Common Shares | 9 Months Ended | |||||||||||
Nov. 03, 2013 | ||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||
Basic And Diluted Weighted Average Common Shares | ' | |||||||||||
BASIC AND DILUTED WEIGHTED AVERAGE COMMON SHARES | ||||||||||||
The reconciliation of basic to diluted weighted average common shares for the three and nine months ended November 3, 2013 and October 28, 2012 was as follows (amounts in millions): | ||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||
November 3, | October 28, | November 3, | October 28, | |||||||||
2013 | 2012 | 2013 | 2012 | |||||||||
Weighted average common shares | 1,408 | 1,487 | 1,438 | 1,505 | ||||||||
Effect of potentially dilutive securities: | ||||||||||||
Stock plans | 9 | 11 | 10 | 12 | ||||||||
Diluted weighted average common shares | 1,417 | 1,498 | 1,448 | 1,517 | ||||||||
Stock plans consist of shares granted under the Company’s employee stock plans. Options to purchase 1 million and 1 million shares of common stock for the three months ended November 3, 2013 and October 28, 2012, respectively, and options to purchase 1 million and 1 million shares of common stock for the nine months ended November 3, 2013 and October 28, 2012, respectively, were excluded from the computation of Diluted Earnings per Share because their effect would have been anti-dilutive. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policy) | 9 Months Ended |
Nov. 03, 2013 | |
Accounting Policies [Abstract] | ' |
Basis of Presentation | ' |
Basis of Presentation | |
The accompanying Consolidated Financial Statements have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and footnotes required by generally accepted accounting principles ("GAAP") for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These statements should be read in conjunction with the Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended February 3, 2013, as filed with the Securities and Exchange Commission. |
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | |||||||||||||||||||||||
Nov. 03, 2013 | ||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||
Assets and Liabilities Measured at Fair Value on a Recurring Basis | ' | |||||||||||||||||||||||
The assets and liabilities of the Company that are measured at fair value on a recurring basis as of November 3, 2013 and February 3, 2013 were as follows (amounts in millions): | ||||||||||||||||||||||||
Fair Value at November 3, 2013 Using | Fair Value at February 3, 2013 Using | |||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Level 1 | Level 2 | Level 3 | |||||||||||||||||||
Derivative agreements - assets | $ | — | $ | 47 | $ | — | $ | — | $ | 64 | $ | — | ||||||||||||
Derivative agreements - liabilities | — | (18 | ) | — | — | (15 | ) | — | ||||||||||||||||
Total | $ | — | $ | 29 | $ | — | $ | — | $ | 49 | $ | — | ||||||||||||
Basic_And_Diluted_Weighted_Ave1
Basic And Diluted Weighted Average Common Shares (Tables) | 9 Months Ended | |||||||||||
Nov. 03, 2013 | ||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||
Schedule of Weighted Average Number of Shares | ' | |||||||||||
The reconciliation of basic to diluted weighted average common shares for the three and nine months ended November 3, 2013 and October 28, 2012 was as follows (amounts in millions): | ||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||
November 3, | October 28, | November 3, | October 28, | |||||||||
2013 | 2012 | 2013 | 2012 | |||||||||
Weighted average common shares | 1,408 | 1,487 | 1,438 | 1,505 | ||||||||
Effect of potentially dilutive securities: | ||||||||||||
Stock plans | 9 | 11 | 10 | 12 | ||||||||
Diluted weighted average common shares | 1,417 | 1,498 | 1,448 | 1,517 | ||||||||
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Narrative) (Details) | Nov. 03, 2013 |
product | |
Accounting Policies [Line Items] | ' |
Number of products offered online | 600,000 |
Minimum [Member] | ' |
Accounting Policies [Line Items] | ' |
Approximate number of different types of inventory held at stores | 30,000 |
Maximum [Member] | ' |
Accounting Policies [Line Items] | ' |
Approximate number of different types of inventory held at stores | 40,000 |
Average Store Size [Member] | ' |
Accounting Policies [Line Items] | ' |
Approximate average square footage of warehouse-style stores | 104,000 |
Average Garden Center Size [Member] | ' |
Accounting Policies [Line Items] | ' |
Approximate average square footage of warehouse-style stores | 24,000 |
LongTerm_Debt_Narrative_Detail
Long-Term Debt (Narrative) (Details) (USD $) | 1 Months Ended | 1 Months Ended | 1 Months Ended | 1 Months Ended | 1 Months Ended | 1 Months Ended | 1 Months Ended | 9 Months Ended | |||||||
Apr. 30, 2013 | Apr. 02, 2013 | Sep. 30, 2013 | Sep. 03, 2013 | Apr. 30, 2013 | Apr. 02, 2013 | Apr. 30, 2013 | Apr. 02, 2013 | Sep. 30, 2013 | Sep. 03, 2013 | Sep. 30, 2013 | Sep. 03, 2013 | Sep. 30, 2013 | Sep. 03, 2013 | Nov. 03, 2013 | |
April 2013 Issuance [Member] | April 2013 Issuance [Member] | September 2013 Issuance [Member] | September 2013 Issuance [Member] | 2.70% senior notes due April 1, 2023 [Member] | 2.70% senior notes due April 1, 2023 [Member] | 4.20% senior notes due April 1, 2043 [Member] | 4.20% senior notes due April 1, 2043 [Member] | 2.25% senior notes due September 10, 2018 [Member] | 2.25% senior notes due September 10, 2018 [Member] | 3.75% senior notes due February 15, 2024 [Member] | 3.75% senior notes due February 15, 2024 [Member] | 4.875% senior notes due February 15, 2044 [Member] | 4.875% senior notes due February 15, 2044 [Member] | 5.25% senior notes due December 16, 2013 [Member] | |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, face amount | ' | ' | ' | ' | ' | $1,000,000,000 | ' | $1,000,000,000 | ' | $1,150,000,000 | ' | $1,100,000,000 | ' | $1,000,000,000 | $1,250,000,000 |
Stated interest rate percentage | ' | ' | ' | ' | ' | 2.70% | ' | 4.20% | ' | 2.25% | ' | 3.75% | ' | 4.88% | 5.25% |
Debt instrument, unamortized discount | ' | 6,000,000 | ' | 22,000,000 | ' | 2,000,000 | ' | 4,000,000 | ' | 1,000,000 | ' | 6,000,000 | ' | 15,000,000 | ' |
Debt issuance cost | $15,000,000 | ' | $19,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, maturity date | ' | ' | ' | ' | 1-Apr-23 | ' | 1-Apr-43 | ' | 10-Sep-18 | ' | 15-Feb-24 | ' | 15-Feb-44 | ' | 16-Dec-13 |
Debt instrument, frequency of periodic payment | 'semi-annually on April 1 and October 1 | ' | ' | ' | ' | ' | ' | ' | 'semi-annually on March 10 and September 10 | ' | 'semi-annually on February 15 and August 15 | ' | 'semi-annually on February 15 and August 15 | ' | ' |
Long-term debt, redemption price | 100.00% | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, change of control, redemption price, percent | 101.00% | ' | 101.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accelerated_Share_Repurchase_A1
Accelerated Share Repurchase Agreements (Narrative) (Details) (USD $) | 9 Months Ended | 3 Months Ended | 3 Months Ended | ||||||
In Millions, unless otherwise specified | Nov. 03, 2013 | Oct. 28, 2012 | Feb. 03, 2013 | Aug. 04, 2013 | 5-May-13 | Nov. 03, 2013 | Nov. 03, 2013 | Aug. 04, 2013 | Nov. 03, 2013 |
Q1 Accelerated Share Repurchase Agreement [Member] | Q1 Accelerated Share Repurchase Agreement [Member] | Q1 Accelerated Share Repurchase Agreement [Member] | Q2 Accelerated Share Repurchase Agreement [Member] | Q2 Accelerated Share Repurchase Agreement [Member] | Q3 Accelerated Share Repurchase Agreement [Member] | ||||
Accelerated Share Repurchase Agreements [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash paid for repurchase of common stock | $6,446 | $3,330 | ' | ' | $1,500 | ' | ' | $1,700 | $1,500 |
Number of shares of common stock repurchased pursuant to accelerated share repurchase agreement | ' | ' | ' | 2.1 | 18.1 | ' | 2.4 | 19.6 | 16.4 |
Treasury Stock, Value | 16,818 | ' | 10,694 | ' | ' | 1,500 | 1,700 | ' | 1,225 |
Paid-In Capital | $7,979 | ' | $7,948 | ' | ' | ' | ' | ' | $275 |
China_Store_Closings_Narrative
China Store Closings (Narrative) (Details) (USD $) | 3 Months Ended |
In Millions, unless otherwise specified | Oct. 28, 2012 |
Restructuring Cost and Reserve [Line Items] | ' |
Restructuring Charges | $165 |
Cost of Sales [Member] | ' |
Restructuring Cost and Reserve [Line Items] | ' |
Restructuring Charges | 10 |
Selling, General and Administrative Expenses [Member] | ' |
Restructuring Cost and Reserve [Line Items] | ' |
Restructuring Charges | $155 |
Fair_Value_Measurements_Narrat
Fair Value Measurements (Narrative) (Details) (USD $) | 9 Months Ended | ||
Nov. 03, 2013 | Oct. 28, 2012 | Feb. 03, 2013 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Goodwill impairment | $0 | $97,000,000 | ' |
Carrying value of senior notes | 15,500,000,000 | ' | 10,300,000,000 |
Senior Notes [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Fair value of senior notes | $16,600,000,000 | ' | $12,200,000,000 |
Fair_Value_Measurements_Assets
Fair Value Measurements (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) (Fair Value, Measurements, Recurring [Member], USD $) | Nov. 03, 2013 | Feb. 03, 2013 |
In Millions, unless otherwise specified | ||
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative agreements - assets | $0 | $0 |
Derivative agreements - liabilities | 0 | 0 |
Total | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative agreements - assets | 47 | 64 |
Derivative agreements - liabilities | 18 | 15 |
Total | 29 | 49 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative agreements - assets | 0 | 0 |
Derivative agreements - liabilities | 0 | 0 |
Total | $0 | $0 |
Basic_And_Diluted_Weighted_Ave2
Basic And Diluted Weighted Average Common Shares (Narrative) (Details) (Employee Stock Option [Member]) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Nov. 03, 2013 | Oct. 28, 2012 | Nov. 03, 2013 | Oct. 28, 2012 |
Employee Stock Option [Member] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' |
Options to purchase common stock excluded from computation of Diluted Earnings per Share | 1 | 1 | 1 | 1 |
Recovered_Sheet1
Basic and Diluted Weighted Average Common Shares (Reconciliation Of Basic To Diluted Weighted Average Common Shares) (Details) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Nov. 03, 2013 | Oct. 28, 2012 | Nov. 03, 2013 | Oct. 28, 2012 |
Reconciliation of Basic to Diluted Weighted Average Common Shares: | ' | ' | ' | ' |
Weighted average common shares | 1,408 | 1,487 | 1,438 | 1,505 |
Effect of potentially dilutive securities: Stock plans | 9 | 11 | 10 | 12 |
Diluted weighted average common shares | 1,417 | 1,498 | 1,448 | 1,517 |