The Home Depot, Inc. (HD) 10-Q 27 Aug 19 2019 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Aug. 04, 2019	Aug. 20, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Aug. 4, 2019
Document Transition Report	false
Entity File Number	1-8207
Entity Registrant Name	HOME DEPOT, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-3261426
Entity Address, Address Line One	2455 Paces Ferry Road
Entity Address, City or Town	Atlanta,
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30339
City Area Code	770
Local Phone Number	433-8211
Title of 12(b) Security	Common Stock, $0.05 Par Value Per Share
Trading Symbol	HD
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,095,153,073
Entity Central Index Key	0000354950
Current Fiscal Year End Date	--02-02
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Aug. 04, 2019	Feb. 03, 2019
Current assets:
Cash and cash equivalents	$ 2,547	$ 1,778
Receivables, net	2,274	1,936
Merchandise inventories	14,741	13,925
Other current assets	1,137	890
Total current assets	20,699	18,529
Net property and equipment	22,387	22,375
Operating lease right-of-use assets	5,789	0
Goodwill	2,254	2,252
Other assets	881	847
Total assets	52,010	44,003
Current liabilities:
Short-term debt	0	1,339
Accounts payable	9,494	7,755
Accrued salaries and related expenses	1,478	1,506
Sales taxes payable	766	656
Deferred revenue	2,233	1,782
Current installments of long-term debt	1,315	1,056
Current operating lease liabilities	831	0
Other accrued expenses	2,681	2,622
Total current liabilities	18,798	16,716
Long-term debt, excluding current installments	27,064	26,807
Long-term operating lease liabilities	5,263	0
Other long-term liabilities	2,045	2,358
Total liabilities	53,170	45,881
Common stock, par value $0.05; authorized: 10,000 shares; issued: 1,785 at August 4, 2019 and 1,782 shares at February 3, 2019; outstanding: 1,096 shares at August 4, 2019 and 1,105 shares at February 3, 2019	89	89
Paid-in capital	10,777	10,578
Retained earnings	49,446	46,423
Accumulated other comprehensive loss	(776)	(772)
Treasury stock, at cost, 689 shares at August 4, 2019 and 677 shares at February 3, 2019	(60,696)	(58,196)
Total stockholders’ (deficit) equity	(1,160)	(1,878)
Total liabilities and stockholders’ equity	$ 52,010	$ 44,003

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Millions	Aug. 04, 2019	Feb. 03, 2019
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.05	$ 0.05
Common stock, shares authorized (in shares)	10,000	10,000
Common stock, shares, issued (in shares)	1,785	1,782
Shares outstanding at end of period	1,096	1,105
Treasury stock, shares (in shares)	689	677

Consolidated Statements of Earn

Consolidated Statements of Earnings (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Aug. 04, 2019	Jul. 29, 2018	Aug. 04, 2019	Jul. 29, 2018
Income Statement [Abstract]
Net sales	$ 30,839	$ 30,463	$ 57,220	$ 55,410
Cost of sales	20,407	20,098	37,771	36,428
Gross profit	10,432	10,365	19,449	18,982
Operating expenses:
Selling, general and administrative	5,044	5,004	9,984	9,783
Depreciation and amortization	492	460	972	917
Total operating expenses	5,536	5,464	10,956	10,700
Operating income	4,896	4,901	8,493	8,282
Interest and other (income) expense:
Interest and investment income	(19)	(26)	(34)	(48)
Interest expense	302	272	590	533
Interest and other, net	283	246	556	485
Earnings before provision for income taxes	4,613	4,655	7,937	7,797
Provision for income taxes	1,134	1,149	1,945	1,887
Net earnings	$ 3,479	$ 3,506	$ 5,992	$ 5,910
Basic weighted average common shares (in shares)	1,095	1,144	1,098	1,148
Basic earnings per share (in dollars per share)	$ 3.18	$ 3.06	$ 5.46	$ 5.15
Diluted weighted average common shares (in shares)	1,099	1,149	1,103	1,154
Diluted earnings per share (in dollars per share)	$ 3.17	$ 3.05	$ 5.43	$ 5.12

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 04, 2019	Jul. 29, 2018	Aug. 04, 2019	Jul. 29, 2018
Statement of Comprehensive Income [Abstract]
Net earnings	$ 3,479	$ 3,506	$ 5,992	$ 5,910
Other comprehensive income (loss):
Foreign currency translation adjustments	59	(187)	16	(263)
Cash flow hedges, net of tax	4	20	6	48
Other	(4)	(11)	5	7
Total other comprehensive income (loss)	59	(178)	27	(208)
Comprehensive income	$ 3,538	$ 3,328	$ 6,019	$ 5,702

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Millions	Total	Common Stock	Paid-in Capital	Retained earnings	Accumulated Other Comprehensive Income (loss)	Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of accounting changes				$ 75	$ 0
Balance at beginning of period at Jan. 28, 2018		$ 89	$ 10,192	39,935	(566)	$ (48,196)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under employee stock plans		0	11
Stock-based compensation expense			144
Repurchases of common stock			(268)
Net earnings	$ 5,910			5,910
Cash dividends				(2,373)
Other				(4)
Foreign currency translation adjustments					(263)
Cash flow hedges, net of tax	48				48
Other	7				7
Repurchases of common stock						(2,732)
Balance at end of period at Jul. 29, 2018	2,009	89	10,079	43,543	(774)	(50,928)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of accounting changes				0	0
Balance at beginning of period at Apr. 29, 2018		89	10,017	41,221	(596)	(49,044)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under employee stock plans		0	110
Stock-based compensation expense			69
Repurchases of common stock			(117)
Net earnings	3,506			3,506
Cash dividends				(1,184)
Other				0
Foreign currency translation adjustments					(187)
Cash flow hedges, net of tax	20				20
Other	(11)				(11)
Repurchases of common stock						(1,884)
Balance at end of period at Jul. 29, 2018	2,009	89	10,079	43,543	(774)	(50,928)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of accounting changes				26	(31)
Balance at beginning of period at Feb. 03, 2019	(1,878)	89	10,578	46,423	(772)	(58,196)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under employee stock plans		0	59
Stock-based compensation expense			140
Repurchases of common stock			0
Net earnings	5,992			5,992
Cash dividends				(2,991)
Other				(4)
Foreign currency translation adjustments					16
Cash flow hedges, net of tax	6				6
Other	5				5
Repurchases of common stock						(2,500)
Balance at end of period at Aug. 04, 2019	(1,160)	89	10,777	49,446	(776)	(60,696)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of accounting changes				0	0
Balance at beginning of period at May. 05, 2019		89	10,590	47,459	(835)	(59,446)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under employee stock plans		0	123
Stock-based compensation expense			64
Repurchases of common stock			0
Net earnings	3,479			3,479
Cash dividends				(1,492)
Other				0
Foreign currency translation adjustments					59
Cash flow hedges, net of tax	4				4
Other	(4)				(4)
Repurchases of common stock						(1,250)
Balance at end of period at Aug. 04, 2019	$ (1,160)	$ 89	$ 10,777	$ 49,446	$ (776)	$ (60,696)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Aug. 04, 2019	Jul. 29, 2018
Cash Flows from Operating Activities:
Net earnings	$ 5,992	$ 5,910
Reconciliation of net earnings to net cash provided by operating activities:
Depreciation and amortization	1,107	1,062
Stock-based compensation expense	139	144
Changes in receivables, net	(338)	(192)
Changes in merchandise inventories	(810)	(1,355)
Changes in other current assets	(244)	(468)
Changes in accounts payable and accrued expenses	2,051	2,617
Changes in deferred revenue	452	287
Changes in income taxes payable	11	21
Changes in deferred income taxes	58	(120)
Other operating activities	79	1
Net cash provided by operating activities	8,497	7,907
Cash Flows from Investing Activities:
Capital expenditures, net of non-cash capital expenditures	(1,246)	(1,091)
Proceeds from sales of property and equipment	11	16
Other investing activities	(14)	0
Net cash used in investing activities	(1,249)	(1,075)
Cash Flows from Financing Activities:
Repayments of short-term debt, net	(1,339)	(1,559)
Proceeds from long-term debt, net of discounts and premiums	1,404	0
Repayments of long-term debt	(1,030)	(28)
Repurchases of common stock	(2,619)	(3,121)
Proceeds from sales of common stock	157	125
Cash dividends	(2,991)	(2,373)
Other financing activities	(70)	142
Net cash used in financing activities	(6,488)	(6,814)
Change in cash and cash equivalents	760	18
Effect of exchange rate changes on cash and cash equivalents	9	(123)
Cash and cash equivalents at beginning of period	1,778	3,595
Cash and cash equivalents at end of period	2,547	3,490
Supplemental Disclosures:
Cash paid for interest, net of interest capitalized	558	515
Cash paid for income taxes	$ 1,912	$ 2,009

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Aug. 04, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying consolidated financial statements of The Home Depot, Inc. and its subsidiaries (the "Company," "Home Depot," "we," "our" or "us") have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and footnotes required by 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. Results of operations for interim periods are not necessarily indicative of results for the entire year. As a result, these financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our 2018 Form 10-K. There were no significant changes to our significant accounting policies as disclosed in the 2018 Form 10-K, except as set forth below. Leases On February 4, 2019, we adopted the new leases standard using the modified retrospective transition method, which requires that we recognize leases differently pre- and post-adoption. See "—Recently Adopted Accounting Pronouncements—ASU No. 2016-02" below for more information. We categorize leases at their inception as either operating or finance leases. Lease agreements cover certain retail locations, office space, warehouse and distribution space, equipment, and vehicles. Most of these leases are operating leases; however, certain retail locations and equipment are leased under finance leases. Operating leases are included in operating lease right-of-use assets, current operating lease liabilities, and long-term operating lease liabilities in our consolidated balance sheets. Finance leases are included in net property and equipment, current installments of long-term debt, and long-term debt, excluding current installments in our consolidated balance sheets. Leased assets represent our right to use an underlying asset for the lease term, and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease right-of-use assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. We use a secured incremental borrowing rate as the discount rate for present value of lease payments when the rate implicit in the contract is not readily determinable. We determine a secured rate on a quarterly basis and update the weighted average discount rate accordingly. For operating leases with variable payments dependent upon an index or rate that commenced subsequent to adoption of ASU No. 2016-02, we apply the active index or rate as of the lease commencement date. Variable lease payments not based on an index or rate are not included in the operating lease liability as they cannot be reasonably estimated and are recognized in the period in which the obligation for those payments is incurred. Leases that have a term of twelve months or less upon commencement date are considered short-term in nature. Accordingly, short-term leases are not included on the consolidated balance sheets and are expensed on a straight-line basis over the lease term, which commences on the date we have the right to control the property. Recently Adopted Accounting Pronouncements ASU No. 2018-02. In February 2018, the FASB issued ASU No. 2018-02, "Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income," which allows for an optional reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects as a result of the Tax Act. On February 4, 2019, we adopted ASU No. 2018-02 resulting in an increase of $31 million to retained earnings and a decrease of $31 million to accumulated other comprehensive income. ASU No. 2017-12. In August 2017, the FASB issued ASU No. 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities," which amends the hedge accounting recognition and presentation requirements. ASU No. 2017-12 eliminates the concept of recognizing periodic hedge ineffectiveness for cash flow and net investment hedges and allows an entity to apply the shortcut method to partial-term fair value hedges of interest rate risk. On February 4, 2019, we adopted ASU No. 2017-12 with no impact to our consolidated financial statements. We expect the impact of the adoption to be immaterial to our financial position, results of operations, and cash flows on an ongoing basis. ASU No. 2016-02. In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)," which establishes a right-of-use model and requires an entity that is a lessee to recognize the right-of-use assets and liabilities arising from leases on the balance sheets. ASU No. 2016-02 also requires disclosures about the amount, timing, and uncertainty of cash flows arising from leases. Leases will be classified as finance or operating, with classification affecting both the pattern and classification of expense recognition in the statements of earnings. This guidance was subsequently amended by ASU No. 2018-01, Land Easement Practical Expedient for Transition to Topic 842; ASU No. 2018-10, Codification Improvements to Topic 842; and ASU No. 2018-11, Targeted Improvements. ASU No. 2016-02 and subsequent updates require a modified retrospective transition, with the cumulative effect of transition, including initial recognition of lease assets and liabilities for existing operating leases, as of (i) the effective date or (ii) the beginning of the earliest comparative period presented. These updates also provide a number of practical expedients for implementation which we are applying, as discussed below. On February 4, 2019 (the “effective date”), we adopted ASU No. 2016-02 and subsequent updates, collectively referred to as Topic 842, using the modified retrospective transition method. In addition, we adopted the package of practical expedients in transition, which permits us to not reassess our prior conclusions pertaining to lease identification, lease classification, and initial direct costs on leases that commenced prior to our adoption of the new standard. We also elected the ongoing practical expedient to not recognize operating lease right-of-use assets and operating lease liabilities related to short-term leases. We did not elect the use-of-hindsight or land easements practical expedients. For leases beginning subsequent to the effective date, we elected to not separate lease and non-lease components for certain classes of assets including real estate and certain equipment. To determine the measurement of the lease liability for operating leases with variable payments based on an index or rate that commenced prior to the adoption of Topic 842, we elected to apply the active index or rate at the effective date. As a result of adopting Topic 842, we recognized net operating lease right-of-use assets of $5.7 billion and operating lease liabilities of $6.0 billion on the effective date. Existing prepaid rent, accrued rent, and closed store reserves were recorded as an offset to our gross operating lease right-of-use assets. The cumulative effect of the adoption resulted in an immaterial adjustment to the opening balance of retained earnings as of February 4, 2019. The standard did not have a material impact on our results of operations or cash flows. Recently Issued Accounting Pronouncements Recent accounting pronouncements pending adoption not discussed above or in the 2018 Form 10-K are either not applicable or will not have or are not expected to have a material impact on our consolidated financial condition, results of operations, or cash flows.

Net Sales

Net Sales	6 Months Ended
	Aug. 04, 2019
Revenue from Contract with Customer [Abstract]
Net Sales	NET SALES No sales to an individual customer accounted for more than 10% of net sales during the three and six months ended August 4, 2019 and July 29, 2018 . Net sales, classified by geography, follow. Three Months Ended Six Months Ended in millions August 4, July 29, August 4, July 29, Net sales – in the U.S. $ 28,186 $ 27,852 $ 52,639 $ 50,895 Net sales – outside the U.S. 2,653 2,611 4,581 4,515 Net sales $ 30,839 $ 30,463 $ 57,220 $ 55,410 Net sales by products and services follow. Three Months Ended Six Months Ended in millions August 4, July 29, August 4, July 29, Net sales – products $ 29,480 $ 29,076 $ 54,712 $ 52,811 Net sales – services 1,359 1,387 2,508 2,599 Net sales $ 30,839 $ 30,463 $ 57,220 $ 55,410 Major product lines, as well as the associated merchandising departments (and related services) follow. Major Product Line Merchandising Departments Building Materials Building Materials, Electrical/Lighting, Lumber, Millwork, and Plumbing Décor Appliances, Décor/Storage, Flooring, Kitchen and Bath, and Paint Hardlines Hardware, Indoor Garden, Outdoor Garden, and Tools During the first quarter of fiscal 2019, we combined the Electrical and Lighting merchandising departments into one department, Electrical/Lighting, and we renamed the Décor merchandising department to Décor/Storage. These changes had no impact on our net sales presentations. Net sales by major product lines (and related services) follow. Three Months Ended Six Months Ended in millions August 4, July 29, August 4, July 29, Building Materials $ 10,495 $ 10,660 $ 19,899 $ 19,981 Décor 10,050 9,653 18,795 18,066 Hardlines 10,294 10,150 18,526 17,363 Net sales $ 30,839 $ 30,463 $ 57,220 $ 55,410 ————— Note: Net sales for certain merchandising departments were reclassified in the first quarter of fiscal 2019. As a result, prior-period amounts have been reclassified to conform with the current-period presentation.

Property and Leases

Property and Leases	6 Months Ended
	Aug. 04, 2019
Leases [Abstract]
Property and Leases	PROPERTY AND LEASES Net Property and Equipment Net property and equipment includes accumulated depreciation and amortization of $21.3 billion as of August 4, 2019 and $20.6 billion as of February 3, 2019 . Leases We lease certain retail locations, office space, warehouse and distribution space, equipment, and vehicles. While most of these leases are operating leases, certain retail locations and equipment are leased under finance leases. We consider various factors such as market conditions and the terms of any renewal options that may exist to determine whether we will renew or replace the lease. A substantial majority of our leases have remaining lease terms of one to 20 years , typically with the option to extend the leases for up to five years . Some of our leases may include the option to terminate in less than five years . In the event we are reasonably certain to exercise the option to extend a lease, we will include the extended terms in the operating lease right-of-use asset and operating lease liability. Real estate taxes, insurance, maintenance, and operating expenses applicable to the leased property are generally our obligations under the lease agreements. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. Further, certain lease agreements include rental payments based on an index or rate and others include rental payments based on a percentage of sales. The balance sheet location of assets and liabilities related to operating and finance leases follow. in millions Balance Sheet Caption August 4, Assets: Operating lease assets Operating lease right-of-use assets $ 5,789 Finance lease assets Net property and equipment 863 Total lease assets $ 6,652 Liabilities: Current: Operating lease liabilities Current operating lease liabilities $ 831 Finance lease liabilities Current installments of long-term debt 67 Long-term: Operating lease liabilities Long-term operating lease liabilities 5,263 Finance lease liabilities Long-term debt, excluding current installments 1,020 Total lease liabilities $ 7,181 The components of lease cost follow. in millions Statement of Earnings Caption Three Months Ended Six Months Ended Operating lease cost Selling, general and administrative $ 205 $ 415 Finance lease cost: Amortization of leased assets Depreciation and amortization 22 43 Interest on lease liabilities Interest expense 23 46 Short-term lease cost Selling, general and administrative 18 43 Variable lease cost Selling, general and administrative 64 122 Sublease income Selling, general and administrative (4 ) (7 ) Net lease cost $ 328 $ 662 ASU 2016-02 requires that public companies use a secured incremental borrowing rate as the discount rate for present value of lease payments when the rate implicit in the contract is not readily determinable. We determine a secured rate on a quarterly basis and update the weighted average discount rate accordingly. Lease terms and discount rates follow. August 4, Weighted Average Remaining Lease Term (Years): Operating leases 10 Finance leases 13 Weighted Average Discount Rate: Operating leases 3.1 % Finance leases 11.3 % The approximate future minimum lease payments under operating and finance leases at August 4, 2019 follow. in millions Operating Finance Fiscal 2019 $ 479 $ 82 Fiscal 2020 942 158 Fiscal 2021 834 153 Fiscal 2022 734 150 Fiscal 2023 640 143 Thereafter 3,341 993 Total lease payments 6,970 1,679 Less imputed interest 876 592 Present value of lease liabilities $ 6,094 $ 1,087 ————— Note: Amounts presented do not include payments relating to immaterial leases excluded from the balance sheets as part of transition elections adopted upon implementation of Topic 842. Additionally, we have excluded approximately $1.4 billion of leases (undiscounted basis) that have not yet commenced. These leases will commence between 2019 and 2020 with lease terms of one to 20 years . The approximate future minimum lease payments under capital and operating leases at February 3, 2019 and accounted for under previous lease guidance follow. in millions Operating Capital Fiscal 2019 $ 976 $ 150 Fiscal 2020 912 167 Fiscal 2021 792 143 Fiscal 2022 682 142 Fiscal 2023 584 137 Thereafter 3,090 970 $ 7,036 1,709 Less imputed interest 660 Net present value of capital lease obligations 1,049 Less current installments 57 Long-term capital lease obligations, excluding current installments $ 992 Other lease information follows. in millions Six Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows – operating leases $ 500 Operating cash flows – finance leases 46 Financing cash flows – finance leases 30 Leased assets obtained in exchange for new operating lease liabilities 520 Leased assets obtained in exchange for new finance lease liabilities 67
Property and Leases	PROPERTY AND LEASES Net Property and Equipment Net property and equipment includes accumulated depreciation and amortization of $21.3 billion as of August 4, 2019 and $20.6 billion as of February 3, 2019 . Leases We lease certain retail locations, office space, warehouse and distribution space, equipment, and vehicles. While most of these leases are operating leases, certain retail locations and equipment are leased under finance leases. We consider various factors such as market conditions and the terms of any renewal options that may exist to determine whether we will renew or replace the lease. A substantial majority of our leases have remaining lease terms of one to 20 years , typically with the option to extend the leases for up to five years . Some of our leases may include the option to terminate in less than five years . In the event we are reasonably certain to exercise the option to extend a lease, we will include the extended terms in the operating lease right-of-use asset and operating lease liability. Real estate taxes, insurance, maintenance, and operating expenses applicable to the leased property are generally our obligations under the lease agreements. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. Further, certain lease agreements include rental payments based on an index or rate and others include rental payments based on a percentage of sales. The balance sheet location of assets and liabilities related to operating and finance leases follow. in millions Balance Sheet Caption August 4, Assets: Operating lease assets Operating lease right-of-use assets $ 5,789 Finance lease assets Net property and equipment 863 Total lease assets $ 6,652 Liabilities: Current: Operating lease liabilities Current operating lease liabilities $ 831 Finance lease liabilities Current installments of long-term debt 67 Long-term: Operating lease liabilities Long-term operating lease liabilities 5,263 Finance lease liabilities Long-term debt, excluding current installments 1,020 Total lease liabilities $ 7,181 The components of lease cost follow. in millions Statement of Earnings Caption Three Months Ended Six Months Ended Operating lease cost Selling, general and administrative $ 205 $ 415 Finance lease cost: Amortization of leased assets Depreciation and amortization 22 43 Interest on lease liabilities Interest expense 23 46 Short-term lease cost Selling, general and administrative 18 43 Variable lease cost Selling, general and administrative 64 122 Sublease income Selling, general and administrative (4 ) (7 ) Net lease cost $ 328 $ 662 ASU 2016-02 requires that public companies use a secured incremental borrowing rate as the discount rate for present value of lease payments when the rate implicit in the contract is not readily determinable. We determine a secured rate on a quarterly basis and update the weighted average discount rate accordingly. Lease terms and discount rates follow. August 4, Weighted Average Remaining Lease Term (Years): Operating leases 10 Finance leases 13 Weighted Average Discount Rate: Operating leases 3.1 % Finance leases 11.3 % The approximate future minimum lease payments under operating and finance leases at August 4, 2019 follow. in millions Operating Finance Fiscal 2019 $ 479 $ 82 Fiscal 2020 942 158 Fiscal 2021 834 153 Fiscal 2022 734 150 Fiscal 2023 640 143 Thereafter 3,341 993 Total lease payments 6,970 1,679 Less imputed interest 876 592 Present value of lease liabilities $ 6,094 $ 1,087 ————— Note: Amounts presented do not include payments relating to immaterial leases excluded from the balance sheets as part of transition elections adopted upon implementation of Topic 842. Additionally, we have excluded approximately $1.4 billion of leases (undiscounted basis) that have not yet commenced. These leases will commence between 2019 and 2020 with lease terms of one to 20 years . The approximate future minimum lease payments under capital and operating leases at February 3, 2019 and accounted for under previous lease guidance follow. in millions Operating Capital Fiscal 2019 $ 976 $ 150 Fiscal 2020 912 167 Fiscal 2021 792 143 Fiscal 2022 682 142 Fiscal 2023 584 137 Thereafter 3,090 970 $ 7,036 1,709 Less imputed interest 660 Net present value of capital lease obligations 1,049 Less current installments 57 Long-term capital lease obligations, excluding current installments $ 992 Other lease information follows. in millions Six Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows – operating leases $ 500 Operating cash flows – finance leases 46 Financing cash flows – finance leases 30 Leased assets obtained in exchange for new operating lease liabilities 520 Leased assets obtained in exchange for new finance lease liabilities 67

Debt and Derivative Instruments

Debt and Derivative Instruments	6 Months Ended
	Aug. 04, 2019
Debt Disclosure [Abstract]
Debt and Derivative Instruments	DEBT AND DERIVATIVE INSTRUMENTS June 2019 Issuance. In June 2019, we issued two tranches of senior notes. • The first tranche consisted of $1.0 billion of 2.95% senior notes due June 15, 2029 (the “2029 notes”) at a discount of $6 million . Interest on the 2029 notes is due semi-annually on June 15 and December 15 of each year, beginning December 15, 2019. • The second tranche consisted of $400 million of 3.90% senior notes due June 15, 2047 (the “2047 notes”) at a premium of $10 million . The 2047 notes form a single series with the Company’s $750 million 3.90% senior notes due June 15, 2047 that were issued in June 2017 and have the same terms. The aggregate principal amount outstanding of the Company’s senior notes due June 15, 2047 is $1.2 billion . Interest on the 2047 notes is due semi-annually on June 15 and December 15 of each year, beginning December 15, 2019, with interest accruing from June 15, 2019. • Issuance costs totaled $9.9 million . The net proceeds of the June 2019 issuance were used to repay the Company's 2.00% senior notes that matured on June 15, 2019 and for general corporate purposes, including repurchases of common stock. The 2029 notes and 2047 notes may be redeemed by us 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, or (2) the sum of the present values of the remaining scheduled payments of principal and interest to the Par Call Date, as defined in the respective notes. Additionally, if a Change in Control Triggering Event, as defined in the notes, occurs, holders of all notes have the right to require us to redeem those notes at 101% of the aggregate principal amount of the notes plus accrued interest up to the redemption date. We are generally not limited under the indentures governing the notes in our ability to incur additional indebtedness or required to maintain financial ratios or specified levels of net worth or liquidity. The indentures governing the notes contain various customary covenants; however, none are expected to impact our liquidity or capital resources. Also, in June 2019, we entered into an interest rate swap agreement with a notional amount of $350 million , accounted for as a fair value hedge, to hedge against changes in the fair value of the 2029 notes attributable to changes in the designated benchmark interest rate.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Aug. 04, 2019
Equity [Abstract]
Stockholders' equity	STOCKHOLDERS' EQUITY Stock Rollforward A reconciliation of the number of shares of our common stock and dividends per share follows. shares in millions Three Months Ended Six Months Ended August 4, July 29, August 4, July 29, Common stock: Balance at beginning of period 1,784 1,781 1,782 1,780 Shares issued under employee stock plans 1 1 3 2 Balance at end of period 1,785 1,782 1,785 1,782 Treasury stock: Balance at beginning of period (683 ) (627 ) (677 ) (622 ) Repurchases of common stock (6 ) (10 ) (12 ) (15 ) Balance at end of period (689 ) (637 ) (689 ) (637 ) Shares outstanding at end of period 1,096 1,145 1,096 1,145 Cash dividends per share $ 1.36 $ 1.03 $ 2.72 $ 2.06

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Aug. 04, 2019
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. Assets and Liabilities Measured at Fair Value on a Recurring Basis Assets and liabilities that are measured at fair value on a recurring basis follow. Fair Value at August 4, 2019 Using Fair Value at February 3, 2019 Using in millions Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Derivative agreements – assets $ — $ 190 $ — $ — $ 138 $ — Derivative agreements – liabilities — (1 ) — — (11 ) — Total $ — $ 189 $ — $ — $ 127 $ — We use derivative financial instruments from time to time in the management of our interest rate exposure on long-term debt and our exposure on foreign currency fluctuations. The fair value of our derivative financial instruments was measured using observable market information (level 2). Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis The carrying amounts of cash and cash equivalents, receivables, short-term debt, and accounts payable approximate fair value due to the short-term maturities of these financial instruments. Long-lived assets and other intangible assets are subject to nonrecurring fair value measurement for the assessment of impairment or as the result of business acquisitions. We did not have any material assets or liabilities subject to nonrecurring fair value measurements as of August 4, 2019 or February 3, 2019, respectively. The aggregate fair values and carrying values of our senior notes follow. August 4, February 3, in millions Fair Value (Level 1) Carrying Value Fair Value (Level 1) Carrying Value Senior notes $ 30,910 $ 27,293 $ 28,348 $ 26,814

Weighted Average Common Shares

Weighted Average Common Shares	6 Months Ended
	Aug. 04, 2019
Earnings Per Share [Abstract]
Weighted Average Common Shares	WEIGHTED AVERAGE COMMON SHARES The reconciliation of our basic to diluted weighted average common shares follows. Three Months Ended Six Months Ended in millions August 4, July 29, August 4, July 29, Basic weighted average common shares 1,095 1,144 1,098 1,148 Effect of potentially dilutive securities 4 5 5 6 Diluted weighted average common shares 1,099 1,149 1,103 1,154 Anti-dilutive securities excluded from diluted weighted average common shares — — 1 —

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Aug. 04, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	COMMITMENTS AND CONTINGENCIES We are involved in litigation arising in the normal course of business. In management’s opinion, any such litigation is not expected to have a material adverse effect on our consolidated financial condition, results of operations, or cash flows.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Aug. 04, 2019
Accounting Policies [Abstract]
Basis of presentation	Basis of Presentation The accompanying consolidated financial statements of The Home Depot, Inc. and its subsidiaries (the "Company," "Home Depot," "we," "our" or "us") have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and footnotes required by 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. Results of operations for interim periods are not necessarily indicative of results for the entire year. As a result, these financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our 2018 Form 10-K. There were no significant changes to our significant accounting policies as disclosed in the 2018 Form 10-K, except as set forth below.
Leases	Leases On February 4, 2019, we adopted the new leases standard using the modified retrospective transition method, which requires that we recognize leases differently pre- and post-adoption. See "—Recently Adopted Accounting Pronouncements—ASU No. 2016-02" below for more information. We categorize leases at their inception as either operating or finance leases. Lease agreements cover certain retail locations, office space, warehouse and distribution space, equipment, and vehicles. Most of these leases are operating leases; however, certain retail locations and equipment are leased under finance leases. Operating leases are included in operating lease right-of-use assets, current operating lease liabilities, and long-term operating lease liabilities in our consolidated balance sheets. Finance leases are included in net property and equipment, current installments of long-term debt, and long-term debt, excluding current installments in our consolidated balance sheets. Leased assets represent our right to use an underlying asset for the lease term, and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease right-of-use assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. We use a secured incremental borrowing rate as the discount rate for present value of lease payments when the rate implicit in the contract is not readily determinable. We determine a secured rate on a quarterly basis and update the weighted average discount rate accordingly. For operating leases with variable payments dependent upon an index or rate that commenced subsequent to adoption of ASU No. 2016-02, we apply the active index or rate as of the lease commencement date. Variable lease payments not based on an index or rate are not included in the operating lease liability as they cannot be reasonably estimated and are recognized in the period in which the obligation for those payments is incurred. Leases that have a term of twelve months or less upon commencement date are considered short-term in nature. Accordingly, short-term leases are not included on the consolidated balance sheets and are expensed on a straight-line basis over the lease term, which commences on the date we have the right to control the property.
Recently adopted accounting pronouncements	Recently Adopted Accounting Pronouncements ASU No. 2018-02. In February 2018, the FASB issued ASU No. 2018-02, "Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income," which allows for an optional reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects as a result of the Tax Act. On February 4, 2019, we adopted ASU No. 2018-02 resulting in an increase of $31 million to retained earnings and a decrease of $31 million to accumulated other comprehensive income. ASU No. 2017-12. In August 2017, the FASB issued ASU No. 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities," which amends the hedge accounting recognition and presentation requirements. ASU No. 2017-12 eliminates the concept of recognizing periodic hedge ineffectiveness for cash flow and net investment hedges and allows an entity to apply the shortcut method to partial-term fair value hedges of interest rate risk. On February 4, 2019, we adopted ASU No. 2017-12 with no impact to our consolidated financial statements. We expect the impact of the adoption to be immaterial to our financial position, results of operations, and cash flows on an ongoing basis. ASU No. 2016-02. In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)," which establishes a right-of-use model and requires an entity that is a lessee to recognize the right-of-use assets and liabilities arising from leases on the balance sheets. ASU No. 2016-02 also requires disclosures about the amount, timing, and uncertainty of cash flows arising from leases. Leases will be classified as finance or operating, with classification affecting both the pattern and classification of expense recognition in the statements of earnings. This guidance was subsequently amended by ASU No. 2018-01, Land Easement Practical Expedient for Transition to Topic 842; ASU No. 2018-10, Codification Improvements to Topic 842; and ASU No. 2018-11, Targeted Improvements. ASU No. 2016-02 and subsequent updates require a modified retrospective transition, with the cumulative effect of transition, including initial recognition of lease assets and liabilities for existing operating leases, as of (i) the effective date or (ii) the beginning of the earliest comparative period presented. These updates also provide a number of practical expedients for implementation which we are applying, as discussed below. On February 4, 2019 (the “effective date”), we adopted ASU No. 2016-02 and subsequent updates, collectively referred to as Topic 842, using the modified retrospective transition method. In addition, we adopted the package of practical expedients in transition, which permits us to not reassess our prior conclusions pertaining to lease identification, lease classification, and initial direct costs on leases that commenced prior to our adoption of the new standard. We also elected the ongoing practical expedient to not recognize operating lease right-of-use assets and operating lease liabilities related to short-term leases. We did not elect the use-of-hindsight or land easements practical expedients. For leases beginning subsequent to the effective date, we elected to not separate lease and non-lease components for certain classes of assets including real estate and certain equipment. To determine the measurement of the lease liability for operating leases with variable payments based on an index or rate that commenced prior to the adoption of Topic 842, we elected to apply the active index or rate at the effective date. As a result of adopting Topic 842, we recognized net operating lease right-of-use assets of $5.7 billion and operating lease liabilities of $6.0 billion on the effective date. Existing prepaid rent, accrued rent, and closed store reserves were recorded as an offset to our gross operating lease right-of-use assets. The cumulative effect of the adoption resulted in an immaterial adjustment to the opening balance of retained earnings as of February 4, 2019. The standard did not have a material impact on our results of operations or cash flows. Recently Issued Accounting Pronouncements Recent accounting pronouncements pending adoption not discussed above or in the 2018 Form 10-K are either not applicable or will not have or are not expected to have a material impact on our consolidated financial condition, results of operations, or cash flows.

Net Sales (Tables)

Net Sales (Tables)	6 Months Ended
	Aug. 04, 2019
Revenue from Contract with Customer [Abstract]
Summary of net sales, classified by geography	Net sales, classified by geography, follow. Three Months Ended Six Months Ended in millions August 4, July 29, August 4, July 29, Net sales – in the U.S. $ 28,186 $ 27,852 $ 52,639 $ 50,895 Net sales – outside the U.S. 2,653 2,611 4,581 4,515 Net sales $ 30,839 $ 30,463 $ 57,220 $ 55,410
Summary of net sales by products and services	Net sales by products and services follow. Three Months Ended Six Months Ended in millions August 4, July 29, August 4, July 29, Net sales – products $ 29,480 $ 29,076 $ 54,712 $ 52,811 Net sales – services 1,359 1,387 2,508 2,599 Net sales $ 30,839 $ 30,463 $ 57,220 $ 55,410
Summary of net sales by major product line	Net sales by major product lines (and related services) follow. Three Months Ended Six Months Ended in millions August 4, July 29, August 4, July 29, Building Materials $ 10,495 $ 10,660 $ 19,899 $ 19,981 Décor 10,050 9,653 18,795 18,066 Hardlines 10,294 10,150 18,526 17,363 Net sales $ 30,839 $ 30,463 $ 57,220 $ 55,410 ————— Note: Net sales for certain merchandising departments were reclassified in the first quarter of fiscal 2019. As a result, prior-period amounts have been reclassified to conform with the current-period presentation.

Property and Leases (Tables)

Property and Leases (Tables)	6 Months Ended
	Aug. 04, 2019
Leases [Abstract]
Schedule of assets, liabilities and other related to operating and finance leases	The balance sheet location of assets and liabilities related to operating and finance leases follow. in millions Balance Sheet Caption August 4, Assets: Operating lease assets Operating lease right-of-use assets $ 5,789 Finance lease assets Net property and equipment 863 Total lease assets $ 6,652 Liabilities: Current: Operating lease liabilities Current operating lease liabilities $ 831 Finance lease liabilities Current installments of long-term debt 67 Long-term: Operating lease liabilities Long-term operating lease liabilities 5,263 Finance lease liabilities Long-term debt, excluding current installments 1,020 Total lease liabilities $ 7,181
Lease information	The components of lease cost follow. in millions Statement of Earnings Caption Three Months Ended Six Months Ended Operating lease cost Selling, general and administrative $ 205 $ 415 Finance lease cost: Amortization of leased assets Depreciation and amortization 22 43 Interest on lease liabilities Interest expense 23 46 Short-term lease cost Selling, general and administrative 18 43 Variable lease cost Selling, general and administrative 64 122 Sublease income Selling, general and administrative (4 ) (7 ) Net lease cost $ 328 $ 662 ASU 2016-02 requires that public companies use a secured incremental borrowing rate as the discount rate for present value of lease payments when the rate implicit in the contract is not readily determinable. We determine a secured rate on a quarterly basis and update the weighted average discount rate accordingly. Lease terms and discount rates follow. August 4, Weighted Average Remaining Lease Term (Years): Operating leases 10 Finance leases 13 Weighted Average Discount Rate: Operating leases 3.1 % Finance leases 11.3 % Other lease information follows. in millions Six Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows – operating leases $ 500 Operating cash flows – finance leases 46 Financing cash flows – finance leases 30 Leased assets obtained in exchange for new operating lease liabilities 520 Leased assets obtained in exchange for new finance lease liabilities 67
Schedule of future minimum rental payments for operating leases	The approximate future minimum lease payments under operating and finance leases at August 4, 2019 follow. in millions Operating Finance Fiscal 2019 $ 479 $ 82 Fiscal 2020 942 158 Fiscal 2021 834 153 Fiscal 2022 734 150 Fiscal 2023 640 143 Thereafter 3,341 993 Total lease payments 6,970 1,679 Less imputed interest 876 592 Present value of lease liabilities $ 6,094 $ 1,087 ————— Note: Amounts presented do not include payments relating to immaterial leases excluded from the balance sheets as part of transition elections adopted upon implementation of Topic 842. Additionally, we have excluded approximately $1.4 billion of leases (undiscounted basis) that have not yet commenced. These leases will commence between 2019 and 2020 with lease terms of one to 20 years .
Schedule of future minimum rental payments for financing leases	The approximate future minimum lease payments under operating and finance leases at August 4, 2019 follow. in millions Operating Finance Fiscal 2019 $ 479 $ 82 Fiscal 2020 942 158 Fiscal 2021 834 153 Fiscal 2022 734 150 Fiscal 2023 640 143 Thereafter 3,341 993 Total lease payments 6,970 1,679 Less imputed interest 876 592 Present value of lease liabilities $ 6,094 $ 1,087 ————— Note: Amounts presented do not include payments relating to immaterial leases excluded from the balance sheets as part of transition elections adopted upon implementation of Topic 842. Additionally, we have excluded approximately $1.4 billion of leases (undiscounted basis) that have not yet commenced. These leases will commence between 2019 and 2020 with lease terms of one to 20 years .
Schedule of future minimum rental payments for operating leases	The approximate future minimum lease payments under capital and operating leases at February 3, 2019 and accounted for under previous lease guidance follow. in millions Operating Capital Fiscal 2019 $ 976 $ 150 Fiscal 2020 912 167 Fiscal 2021 792 143 Fiscal 2022 682 142 Fiscal 2023 584 137 Thereafter 3,090 970 $ 7,036 1,709 Less imputed interest 660 Net present value of capital lease obligations 1,049 Less current installments 57 Long-term capital lease obligations, excluding current installments $ 992
Schedule of future minimum lease payments for capital leases	The approximate future minimum lease payments under capital and operating leases at February 3, 2019 and accounted for under previous lease guidance follow. in millions Operating Capital Fiscal 2019 $ 976 $ 150 Fiscal 2020 912 167 Fiscal 2021 792 143 Fiscal 2022 682 142 Fiscal 2023 584 137 Thereafter 3,090 970 $ 7,036 1,709 Less imputed interest 660 Net present value of capital lease obligations 1,049 Less current installments 57 Long-term capital lease obligations, excluding current installments $ 992

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Aug. 04, 2019
Equity [Abstract]
Reconciliation of the number of shares of common stock and dividends per share	A reconciliation of the number of shares of our common stock and dividends per share follows. shares in millions Three Months Ended Six Months Ended August 4, July 29, August 4, July 29, Common stock: Balance at beginning of period 1,784 1,781 1,782 1,780 Shares issued under employee stock plans 1 1 3 2 Balance at end of period 1,785 1,782 1,785 1,782 Treasury stock: Balance at beginning of period (683 ) (627 ) (677 ) (622 ) Repurchases of common stock (6 ) (10 ) (12 ) (15 ) Balance at end of period (689 ) (637 ) (689 ) (637 ) Shares outstanding at end of period 1,096 1,145 1,096 1,145 Cash dividends per share $ 1.36 $ 1.03 $ 2.72 $ 2.06

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Aug. 04, 2019
Fair Value Disclosures [Abstract]
Assets and liabilities measured at fair value on a recurring basis	Assets and liabilities that are measured at fair value on a recurring basis follow. Fair Value at August 4, 2019 Using Fair Value at February 3, 2019 Using in millions Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Derivative agreements – assets $ — $ 190 $ — $ — $ 138 $ — Derivative agreements – liabilities — (1 ) — — (11 ) — Total $ — $ 189 $ — $ — $ 127 $ —
Assets and liabilities measured at fair value on a nonrecurring basis	The aggregate fair values and carrying values of our senior notes follow. August 4, February 3, in millions Fair Value (Level 1) Carrying Value Fair Value (Level 1) Carrying Value Senior notes $ 30,910 $ 27,293 $ 28,348 $ 26,814

Weighted Average Common Shares

Weighted Average Common Shares (Tables)	6 Months Ended
	Aug. 04, 2019
Earnings Per Share [Abstract]
Schedule of weighted average number of shares	The reconciliation of our basic to diluted weighted average common shares follows. Three Months Ended Six Months Ended in millions August 4, July 29, August 4, July 29, Basic weighted average common shares 1,095 1,144 1,098 1,148 Effect of potentially dilutive securities 4 5 5 6 Diluted weighted average common shares 1,099 1,149 1,103 1,154 Anti-dilutive securities excluded from diluted weighted average common shares — — 1 —

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Recently Adopted Accounting Pronouncements (Details) $ in Millions	Feb. 04, 2019USD ($)
Retained earnings | Accounting standards update 2018-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of accounting changes	$ 31
Accumulated other comprehensive income (loss) | Accounting standards update 2018-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of accounting changes	31
Operating lease right-of-use assets | Accounting standards update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of accounting changes	5,700
Operating lease liabilities | Accounting standards update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of accounting changes	$ 6,000

Net Sales (Details)

Net Sales (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 04, 2019	Jul. 29, 2018	Aug. 04, 2019	Jul. 29, 2018
Disaggregation of Revenue [Line Items]
Net sales	$ 30,839	$ 30,463	$ 57,220	$ 55,410
Products
Disaggregation of Revenue [Line Items]
Net sales	29,480	29,076	54,712	52,811
Services
Disaggregation of Revenue [Line Items]
Net sales	1,359	1,387	2,508	2,599
Building Materials
Disaggregation of Revenue [Line Items]
Net sales	10,495	10,660	19,899	19,981
Décor
Disaggregation of Revenue [Line Items]
Net sales	10,050	9,653	18,795	18,066
Hardlines
Disaggregation of Revenue [Line Items]
Net sales	10,294	10,150	18,526	17,363
In the U.S.
Disaggregation of Revenue [Line Items]
Net sales	28,186	27,852	52,639	50,895
Outside the U.S.
Disaggregation of Revenue [Line Items]
Net sales	$ 2,653	$ 2,611	$ 4,581	$ 4,515

Property and Leases - Narrativ

Property and Leases - Narrative (Details) - USD ($) $ in Billions	6 Months Ended
	Aug. 04, 2019	Feb. 03, 2019
Leases [Abstract]
Accumulated depreciation and amortization	$ 21.3	$ 20.6
Minimum
Lessor, Lease, Description [Line Items]
Remaining lease terms	1 year
Maximum
Lessor, Lease, Description [Line Items]
Remaining lease terms	20 years
Option to extend	5 years
Option to terminate	5 years

Property and Leases - Schedule

Property and Leases - Schedule of assets, liabilities and other related to operating and finance leases (Details) - USD ($) $ in Millions	Aug. 04, 2019	Feb. 03, 2019
Assets [Abstract]
Operating lease assets	$ 5,789	$ 0
Finance lease assets	863
Total lease assets	6,652
Current:
Operating lease liabilities	831	0
Finance lease liabilities	67
Long-term:
Operating lease liabilities	5,263	$ 0
Finance lease liabilities	1,020
Total lease liabilities	$ 7,181

Property and Leases - Componen

Property and Leases - Components of Lease Costs (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Aug. 04, 2019	Aug. 04, 2019
Leases [Abstract]
Operating lease cost	$ 205	$ 415
Finance lease cost:
Amortization of leased assets	22	43
Interest on lease liabilities	23	46
Short-term lease cost	18	43
Variable lease cost	64	122
Sublease income	(4)	(7)
Net lease cost	$ 328	$ 662

Property and Leases - Schedule

Property and Leases - Schedule of Lease Terms and Discount Rates (Details)	Aug. 04, 2019
Weighted Average Remaining Lease Term (Years):
Operating leases	10 years
Finance leases	13 years
Weighted Average Discount Rate:
Operating leases	3.10%
Finance leases	11.30%

Property and Leases - Schedu_2

Property and Leases - Schedules of Future Minimum Lease Payments Under Operating and Finance Leases (Details) $ in Millions	6 Months Ended
	Aug. 04, 2019USD ($)
Operating Lease Liabilities, Payments Due [Abstract]
Fiscal 2019	$ 479
Fiscal 2020	942
Fiscal 2021	834
Fiscal 2022	734
Fiscal 2023	640
Thereafter	3,341
Total lease payments	6,970
Less imputed interest	876
Present value of lease liabilities	6,094
Finance Lease Liabilities, Payments, Due [Abstract]
Fiscal 2019	82
Fiscal 2020	158
Fiscal 2021	153
Fiscal 2022	150
Fiscal 2023	143
Thereafter	993
Total lease payments	1,679
Less imputed interest	592
Present value of lease liabilities	1,087
Leases that have not yet commenced	$ 1,400
Minimum
Finance Lease Liabilities, Payments, Due [Abstract]
Terms of contract	1 year
Maximum
Finance Lease Liabilities, Payments, Due [Abstract]
Terms of contract	20 years

Property and Leases - Schedu_3

Property and Leases - Schedule of Future Minimum Lease Payments Under Capital and Operating Leases (Details) $ in Millions	Feb. 03, 2019USD ($)
Operating Leases
Fiscal 2019	$ 976
Fiscal 2020	912
Fiscal 2021	792
Fiscal 2022	682
Fiscal 2023	584
Thereafter	3,090
Total future minimum lease payments	7,036
Capital Leases
Fiscal 2019	150
Fiscal 2020	167
Fiscal 2021	143
Fiscal 2022	142
Fiscal 2023	137
Thereafter	970
Total future minimum lease payments	1,709
Less imputed interest	660
Net present value of capital lease obligations	1,049
Less current installments	57
Long-term capital lease obligations, excluding current installments	$ 992

Property and Leases - Other Le

Property and Leases - Other Lease Information (Details) $ in Millions	6 Months Ended
	Aug. 04, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows – operating leases	$ 500
Operating cash flows – finance leases	46
Financing cash flows – finance leases	30
Leased assets obtained in exchange for new operating lease liabilities	520
Leased assets obtained in exchange for new finance lease liabilities	$ 67

Debt and Derivative Instrumen_2

Debt and Derivative Instruments (Details) - USD ($)	6 Months Ended
	Aug. 04, 2019	Jun. 30, 2019	Jun. 15, 2019	Feb. 03, 2019	Jun. 15, 2017
Debt Instrument [Line Items]
Senior notes	$ 27,293,000,000			$ 26,814,000,000
Debt instrument redemption price (in percentage)	100.00%
Debt instrument change of control redemption price (in percentage)	101.00%
Senior notes due June 15, 2047
Debt Instrument [Line Items]
Senior notes		$ 1,200,000,000
Senior notes
Debt Instrument [Line Items]
Issuance costs			$ 9,900,000
Senior notes | Senior notes due June 15, 2029
Debt Instrument [Line Items]
Debt instrument face amount			$ 1,000,000,000
Debt instrument interest Rate (in percentage)			2.95%
Debt instrument unamortized discount			$ 6,000,000
Senior notes | Senior notes due June 15, 2047
Debt Instrument [Line Items]
Debt instrument face amount			$ 400,000,000		$ 750,000,000
Debt instrument interest Rate (in percentage)			3.90%		3.90%
Debt instrument unamortized premium			$ 10,000,000
Senior notes | Senior notes due June 15, 2019
Debt Instrument [Line Items]
Debt instrument interest Rate (in percentage)			2.00%
Interest rate swap
Debt Instrument [Line Items]
Interest rate swap agreement notional amount			$ 350,000,000

Stockholders' Equity (Details)

Stockholders' Equity (Details) - $ / shares shares in Millions	3 Months Ended		6 Months Ended
	Aug. 04, 2019	Jul. 29, 2018	Aug. 04, 2019	Jul. 29, 2018
Common stock:
Balance at beginning of period	1,784	1,781	1,782	1,780
Shares issued under employee stock plans	1	1	3	2
Balance at end of period	1,785	1,782	1,785	1,782
Treasury stock:
Balance at beginning of period	(683)	(627)	(677)	(622)
Repurchases of common stock	(6)	(10)	(12)	(15)
Balance at end of period	(689)	(637)	(689)	(637)
Shares outstanding at end of period	(1,096)	(1,145)	(1,096)	(1,145)
Cash dividends per share	$ 1.36	$ 1.03	$ 2.72	$ 2.06

Fair Value Measurements (Assets

Fair Value Measurements (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - Fair value measurements recurring - USD ($) $ in Millions	Aug. 04, 2019	Feb. 03, 2019
Fair value inputs level 1
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
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative agreements – assets	190	138
Derivative agreements – liabilities	(1)	(11)
Total	189	127
Fair value inputs level 3
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 Measurements (Asse_2

Fair Value Measurements (Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis) (Details) - USD ($) $ in Millions	Aug. 04, 2019	Feb. 03, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of senior notes	$ 27,293	$ 26,814
Senior notes | Fair Value measurements nonrecurring | Fair value inputs level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of senior notes	$ 30,910	$ 28,348

Weighted Average Common Share_2

Weighted Average Common Shares (Reconciliation of Basic to Diluted Weighted Average Common Shares) (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Aug. 04, 2019	Jul. 29, 2018	Aug. 04, 2019	Jul. 29, 2018
Reconciliation of Basic to Diluted Weighted Average Common Shares:
Basic weighted average common shares	1,095	1,144	1,098	1,148
Effect of potentially dilutive securities	4	5	5	6
Diluted weighted average common shares	1,099	1,149	1,103	1,154
Anti-dilutive securities excluded from diluted weighted average common shares	0	0	1	0