The Home Depot, Inc. (HD) 10-Q18 Nov 242024 Q3 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	9 Months Ended
Cover - shares	Oct. 27, 2024	Nov. 12, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 27, 2024
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		993,362,612
Entity Central Index Key	0000354950
Current Fiscal Year End Date	--02-02
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Oct. 27, 2024	Jan. 28, 2024
Current assets:
Cash and cash equivalents	$ 1,531	$ 3,760
Receivables, net	5,782	3,328
Merchandise inventories	23,897	20,976
Other current assets	1,739	1,711
Total current assets	32,949	29,775
Net property and equipment	26,573	26,154
Operating lease right-of-use assets	8,521	7,884
Goodwill	19,428	8,455
Intangible assets, net	9,112	3,606
Other assets	681	656
Total assets	97,264	76,530
Current liabilities:
Short-term debt	1,344	0
Accounts payable	13,506	10,037
Accrued salaries and related expenses	2,094	2,096
Sales taxes payable	655	449
Deferred revenue	2,595	2,762
Income taxes payable	94	28
Current installments of long-term debt	3,176	1,368
Current operating lease liabilities	1,262	1,050
Other accrued expenses	4,366	4,225
Total current liabilities	29,092	22,015
Long-term debt, excluding current installments	50,058	42,743
Long-term operating lease liabilities	7,538	7,082
Deferred income taxes	2,083	863
Other long-term liabilities	2,707	2,783
Total liabilities	91,478	75,486
Contingencies (Note 9)
Common stock, par value $0.05; authorized: 10,000 shares; issued: 1,799 shares at October 27, 2024 and 1,796 shares at January 28, 2024; outstanding: 993 shares at October 27, 2024 and 992 shares at January 28, 2024	90	90
Paid-in capital	13,835	13,147
Retained earnings	88,771	83,656
Accumulated other comprehensive loss	(939)	(477)
Treasury stock, at cost, 806 shares at October 27, 2024 and 804 shares at January 28, 2024	(95,971)	(95,372)
Total stockholders’ equity	5,786	1,044
Total liabilities and stockholders’ equity	$ 97,264	$ 76,530

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Millions	Oct. 27, 2024	Jan. 28, 2024
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.05	$ 0.05
Common stock, authorized (in shares)	10,000	10,000
Common stock, issued (in shares)	1,799	1,796
Common stock, outstanding (in shares)	993	992
Treasury stock (in shares)	806	804

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023
Income Statement [Abstract]
Net sales	$ 40,217	$ 37,710	$ 119,810	$ 117,883
Cost of sales	26,792	24,972	79,536	78,431
Gross profit	13,425	12,738	40,274	39,452
Operating expenses:
Selling, general and administrative	7,212	6,649	21,023	19,919
Depreciation and amortization	795	683	2,220	1,987
Total operating expenses	8,007	7,332	23,243	21,906
Operating income	5,418	5,406	17,031	17,546
Interest and other (income) expense:
Interest income and other, net	(30)	(49)	(171)	(123)
Interest expense	625	487	1,683	1,430
Interest and other, net	595	438	1,512	1,307
Earnings before provision for income taxes	4,823	4,968	15,519	16,239
Provision for income taxes	1,175	1,158	3,710	3,897
Net earnings	$ 3,648	$ 3,810	$ 11,809	$ 12,342
Basic weighted average common shares (in shares)	991	996	990	1,002
Basic earnings per share (in dollars per share)	$ 3.68	$ 3.83	$ 11.93	$ 12.32
Diluted weighted average common shares (in shares)	993	999	992	1,005
Diluted earnings per share (in dollars per share)	$ 3.67	$ 3.81	$ 11.90	$ 12.28

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023
Statement of Comprehensive Income [Abstract]
Net earnings	$ 3,648	$ 3,810	$ 11,809	$ 12,342
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(155)	(196)	(414)	51
Cash flow hedges	3	1	(48)	5
Total other comprehensive income (loss), net of tax	(152)	(195)	(462)	56
Comprehensive income	$ 3,496	$ 3,615	$ 11,347	$ 12,398

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Millions	Total	Common Stock	Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock
Balance at beginning of period at Jan. 29, 2023		$ 90	$ 12,592	$ 76,896	$ (718)	$ (87,298)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under employee stock plans, net		0	46
Stock-based compensation expense			289
Net earnings	$ 12,342			12,342
Cash dividends				(6,304)
Foreign currency translation adjustments, net of tax	51				51
Cash flow hedges, net of tax	5				5
Repurchases of common stock	(6,561)					(6,561)
Balance at end of period at Oct. 29, 2023	1,430	90	12,927	82,934	(662)	(93,859)
Balance at beginning of period at Jul. 30, 2023		90	12,842	81,213	(467)	(92,343)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under employee stock plans, net		0	11
Stock-based compensation expense			74
Net earnings	3,810			3,810
Cash dividends				(2,089)
Foreign currency translation adjustments, net of tax	(196)				(196)
Cash flow hedges, net of tax	1				1
Repurchases of common stock	(1,516)					(1,516)
Balance at end of period at Oct. 29, 2023	1,430	90	12,927	82,934	(662)	(93,859)
Balance at beginning of period at Jan. 28, 2024	1,044	90	13,147	83,656	(477)	(95,372)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under employee stock plans, net		0	372
Stock-based compensation expense			316
Net earnings	11,809			11,809
Cash dividends				(6,694)
Foreign currency translation adjustments, net of tax	(414)				(414)
Cash flow hedges, net of tax	(48)				(48)
Repurchases of common stock	(599)					(599)
Balance at end of period at Oct. 27, 2024	5,786	90	13,835	88,771	(939)	(95,971)
Balance at beginning of period at Jul. 28, 2024		90	13,731	87,357	(787)	(95,971)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under employee stock plans, net		0	10
Stock-based compensation expense			94
Net earnings	3,648			3,648
Cash dividends				(2,234)
Foreign currency translation adjustments, net of tax	(155)				(155)
Cash flow hedges, net of tax	3				3
Repurchases of common stock	0					0
Balance at end of period at Oct. 27, 2024	$ 5,786	$ 90	$ 13,835	$ 88,771	$ (939)	$ (95,971)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023
Cash Flows from Operating Activities:
Net earnings	$ 11,809	$ 12,342
Reconciliation of net earnings to net cash provided by operating activities:
Depreciation and amortization, excluding amortization of intangible assets	2,472	2,279
Intangible asset amortization	280	136
Stock-based compensation expense	328	300
Changes in receivables, net	(668)	(538)
Changes in merchandise inventories	(1,111)	2,131
Changes in other current assets	19	(365)
Changes in accounts payable and accrued expenses	1,963	187
Changes in deferred revenue	(188)	(276)
Changes in income taxes payable	69	252
Changes in deferred income taxes	170	(310)
Other operating activities	(4)	301
Net cash provided by operating activities	15,139	16,439
Cash Flows from Investing Activities:
Capital expenditures	(2,384)	(2,368)
Payments for businesses acquired, net	(17,613)	(795)
Other investing activities	85	15
Net cash used in investing activities	(19,912)	(3,148)
Cash Flows from Financing Activities:
Proceeds from short-term debt, net	1,344	0
Proceeds from long-term debt, net of discounts	9,983	0
Repayments of long-term debt	(1,355)	(1,200)
Repurchases of common stock	(649)	(6,465)
Proceeds from sales of common stock	231	192
Cash dividends	(6,694)	(6,304)
Other financing activities	(223)	(146)
Net cash provided by (used in) financing activities	2,637	(13,923)
Change in cash and cash equivalents	(2,136)	(632)
Effect of exchange rate changes on cash and cash equivalents	(93)	(67)
Cash and cash equivalents at beginning of period	3,760	2,757
Cash and cash equivalents at end of period	1,531	2,058
Supplemental Disclosures:
Cash paid for interest, net of interest capitalized	1,640	1,504
Cash paid for income taxes	3,479	3,817
Non-cash acquisition purchase consideration (Note 10)	$ 321	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Oct. 27, 2024
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., together with 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 consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our 2023 Form 10-K. During the nine months ended October 27, 2024, there were no significant changes to our significant accounting policies as disclosed in the 2023 Form 10-K. During the second quarter of fiscal 2024, we completed the acquisition of SRS. Refer to Note 2 and Note 10 for further discussion on the acquisition, including certain impacts of the acquisition on our consolidated financial statements. Reclassifications Effective July 28, 2024, we began separately presenting intangible assets, net, on the consolidated balance sheets, which were previously included in the other assets line item. In addition, we began separately presenting intangible asset amortization on the statements of cash flows, which was previously included in the depreciation and amortization line item. Prior period amounts have been reclassified to conform to the current year’s financial statement presentation. Receivables, net The following table presents components of receivables, net: in millions October 27, January 28, Card receivables $ 1,229 $ 988 Rebate receivables 1,688 841 Customer receivables 2,321 924 Other receivables 544 575 Receivables, net $ 5,782 $ 3,328 Card receivables consist of payments due from financial institutions for the settlement of credit card and debit card transactions. Rebate receivables represent amounts due from vendors for volume and co-op advertising rebates. Customer receivables relate to credit extended directly to certain customers in the ordinary course of business, which increased compared to the beginning of the year primarily as a result of the SRS acquisition. The valuation allowance related to our receivables was not material to our consolidated financial statements at October 27, 2024 or January 28, 2024. Supplier Finance Program We have a supplier finance program whereby participating suppliers may, at their sole discretion, elect to receive payment for one or more of our payment obligations, prior to their scheduled due dates, at a discounted price from participating financial institutions. The payment terms we negotiate with our suppliers are consistent, irrespective of whether a supplier participates in the program, and we are not a party to the agreements between the participating financial institutions and the suppliers in connection with the program. We do not reimburse suppliers for any costs they incur for participation in the program, and we have not pledged any assets as security or provided any guarantees as part of the program. Our outstanding payment obligations under our supplier finance program were $533 million at October 27, 2024 and $514 million at January 28, 2024 and are recorded within accounts payable on our consolidated balance sheets. Recently Adopted Accounting Pronouncements We did not adopt any new accounting pronouncements during the nine months ended October 27, 2024 that had a material impact on our consolidated financial condition, results of operations or cash flows. Recently Issued Accounting Pronouncements ASU No. 2024-03. In November 2024, the FASB issued ASU No. 2024-03, “Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses,” which is intended to improve disclosures about a public business entity’s expenses by requiring disaggregated disclosure, in the notes to the financial statements, of prescribed categories of expenses within relevant income statement captions. ASU No. 2024-03 is effective for fiscal years beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. The new standard may be applied either on a prospective or retrospective basis. We are currently evaluating the impact of the standard on our consolidated financial statement disclosures. Recent accounting pronouncements pending adoption not discussed above or in the 2023 Form 10-K are either not applicable or are not expected to have a material impact on our consolidated financial condition, results of operations or cash flows.

SEGMENT REPORTING AND NET SALES

SEGMENT REPORTING AND NET SALES	9 Months Ended
SEGMENT REPORTING AND NET SALES	Oct. 27, 2024
Segment Reporting [Abstract]
Segment Reporting And Net Sales	SEGMENT REPORTING AND NET SALES The Company defines its segments on the basis of the way in which internally reported financial information is regularly reviewed by the chief operating decision maker (“CODM”), our President and Chief Executive Officer, to analyze financial performance, make decisions, and allocate resources. The Company is engaged in the operation of retail stores and sells a wide assortment of building materials, home improvement products, lawn and garden products, décor products, and facilities maintenance, repair and operations products both in stores and online. We also provide a number of services, including home improvement installation services and tool and equipment rental. We currently conduct these operations in the U.S. (including the Commonwealth of Puerto Rico and the territories of the U.S. Virgin Islands and Guam), Canada, and Mexico, each of which represents an operating segment. For disclosure purposes, we aggregate these three operating segments into one reportable segment (the “Primary segment”) due to the similar nature of their operations and economic characteristics. As discussed in Note 10 , in June 2024, we acquired SRS, a leading residential specialty trade distribution company across several verticals serving the professional roofer, landscaper and pool contractor through its branches located throughout the U.S. SRS is organized as three different lines of business: roofing and complementary building products, landscape, and pool. We have determined that each of these three lines of business represents an operating segment, none of which meets the thresholds prescribed under Topic 280 to be deemed a reportable segment. The following table presents a reconciliation of the results of our Primary segment to our consolidated totals: Three Months Ended Nine Months Ended October 27, 2024 October 27, 2024 in millions Primary Segment Other Consolidated Primary Segment Other Consolidated Net sales $ 37,289 $ 2,928 $ 40,217 $ 115,608 $ 4,202 $ 119,810 Operating income (1) 5,218 200 5,418 16,759 272 17,031 Interest income and other, net (30) (171) Interest expense 625 1,683 Earnings before provision for income taxes $ 4,823 $ 15,519 ————— (1) Includes intangible asset amortization expense of $52 million and $155 million for the three and nine months ended October 27, 2024, respectively, in our Primary segment, and intangible asset amortization expense of $86 million and $125 million for the three and nine months ended October 27, 2024, respectively, in Other. “Other” in the table above represents our SRS operations and is reflective of results beginning from the acquisition date of June 18, 2024. Net sales in the Other category relate to the sale of products by SRS, with roofing and related products accounting for approximately 68% and 67% of sales in Other during the three and nine months ended October 27, 2024, respectively. Prior to the SRS acquisition, our total Company consolidated results represented our Primary segment. Therefore, a reconciliation to our consolidated totals is not applicable for the three and nine months ended October 29, 2023. The following table presents our Primary segment major product lines and the related merchandising departments (and related services): Major Product Line Merchandising Departments Building Materials Building Materials, Electrical, Lumber, Millwork, and Plumbing Décor Appliances, Bath, Flooring, Kitchen & Blinds, Lighting, and Paint Hardlines Hardware, Indoor Garden, Outdoor Garden, Power, and Storage & Organization The following table presents net sales by major product line (and related services), as well as Other net sales: Three Months Ended Nine Months Ended in millions October 27, October 29, October 27, October 29, Building Materials $ 13,479 $ 13,646 $ 40,028 $ 40,907 Décor 12,682 13,091 38,617 39,658 Hardlines 11,128 10,973 36,963 37,318 Primary segment net sales 37,289 37,710 115,608 117,883 Other net sales (1) 2,928 — 4,202 — Net sales $ 40,217 $ 37,710 $ 119,810 $ 117,883 ————— (1) Represents SRS net sales since the acquisition date of June 18, 2024. See discussion above for information on the components of Other net sales. Note: During the first quarter of fiscal 2024, we made certain changes to our merchandising department structure that realign certain merchandising departments across our major product lines. As a result, prior-year amounts have been reclassified to conform with the current-year presentation. These changes had no impact on consolidated net sales. The following table presents net sales, classified by geography: Three Months Ended Nine Months Ended in millions October 27, October 29, October 27, October 29, Net sales – in the U.S. $ 37,135 $ 34,544 $ 110,217 $ 108,242 Net sales – outside the U.S. 3,082 3,166 9,593 9,641 Net sales $ 40,217 $ 37,710 $ 119,810 $ 117,883 The following table presents net sales by products and services: Three Months Ended Nine Months Ended in millions October 27, October 29, October 27, October 29, Net sales – products $ 38,692 $ 36,156 $ 115,375 $ 113,405 Net sales – services 1,525 1,554 4,435 4,478 Net sales $ 40,217 $ 37,710 $ 119,810 $ 117,883 Deferred Revenue For products and services sold in stores or online, payment is typically due at the point of sale. When we receive payment before the customer has taken possession of the merchandise or the service has been performed, the amount received is recorded as deferred revenue until the sale or service is complete. Such performance obligations are part of contracts with expected original durations of typically three months or less. As of October 27, 2024 and January 28, 2024, deferred revenue for products and services was $1.6 billion and $1.7 billion, respectively. We further record deferred revenue for the sale of gift cards and recognize the associated revenue upon the redemption of those gift cards, which generally occurs within six months of gift card issuance. As of October 27, 2024 and January 28, 2024, our performance obligations for unredeemed gift cards were $1.0 billion and $1.1 billion, respectively. Gift card breakage income, which is our estimate of the portion of our outstanding gift card balance not expected to be redeemed, is recognized in net sales and was immaterial during the three and nine months ended October 27, 2024 and October 29, 2023.

PROPERTY AND LEASES

PROPERTY AND LEASES	9 Months Ended
PROPERTY AND LEASES	Oct. 27, 2024
Leases [Abstract]
Property and Leases	PROPERTY AND LEASES Net Property and Equipment Net property and equipment included accumulated depreciation and finance lease amortization of $28.6 billion as of October 27, 2024 and $27.1 billion as of January 28, 2024. Leases The following table presents the consolidated balance sheet classification related to operating and finance leases: in millions Consolidated Balance Sheet Classification October 27, January 28, Assets: Operating lease assets Operating lease right-of-use assets $ 8,521 $ 7,884 Finance lease assets (1) Net property and equipment 2,703 2,840 Total lease assets $ 11,224 $ 10,724 Liabilities: Current: Operating lease liabilities Current operating lease liabilities $ 1,262 $ 1,050 Finance lease liabilities Current installments of long-term debt 359 268 Long-term: Operating lease liabilities Long-term operating lease liabilities 7,538 7,082 Finance lease liabilities Long-term debt, excluding current installments 2,803 3,000 Total lease liabilities $ 11,962 $ 11,400 ————— (1) Finance lease assets are recorded net of accumulated amortization of $1.4 billion as of October 27, 2024 and $1.2 billion as of January 28, 2024. The following table presents supplemental non-cash information related to leases: Nine Months Ended in millions October 27, October 29, Lease assets obtained in exchange for new operating lease liabilities $ 934 $ 791 Lease assets obtained in exchange for new finance lease liabilities 120 261

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	9 Months Ended
GOODWILL AND INTANGIBLE ASSETS	Oct. 27, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill And Intangible Assets	GOODWILL AND INTANGIBLE ASSETS Goodwill The following table presents the changes in the carrying amount of our goodwill: in millions Primary Segment Other Consolidated Goodwill, balance at January 28, 2024 $ 8,455 $ — $ 8,455 Acquisitions (1) — 10,987 10,987 Other (2) (14) — (14) Goodwill, balance at October 27, 2024 $ 8,441 $ 10,987 $ 19,428 ————— (1) Fiscal 2024 activity represents the preliminary determination of goodwill related to the SRS acquisition, as well as other immaterial acquisitions completed by SRS during the third quarter of fiscal 2024. See Note 10 for details regarding the SRS acquisition. (2) Primarily reflects the net impact of foreign currency translation as well as immaterial measurement period adjustments related to fiscal 2023 acquisitions. During the third quarter of fiscal 2024, we completed our annual assessment of the recoverability of goodwill for our U.S., Canada, and Mexico reporting units that reside within our Primary segment. As the results of our most recent quantitative analysis in fiscal 2023 indicated that the fair value of each reporting unit substantially exceeded its respective carrying value, we performed a qualitative assessment to determine if there were any indicators of impairment. Based on this assessment, we concluded that while there have been events and circumstances that have both positively and negatively impacted our reporting units, no single factor or combination of factors is an indicator that it is more likely than not that the fair value of any of these reporting units was less than its carrying amount. Additionally, following the completion of the SRS acquisition, we now have three new reporting units which align with our SRS operating segments: roofing and complementary building products, landscape, and pool. As a result of the recency of the acquisition to our annual assessment date, these reporting units were also analyzed for impairment during the third quarter of fiscal 2024 using a qualitative approach. Based on this analysis, we concluded that there were no events or circumstances that would indicate that it is more likely than not that the fair value of any of these reporting units was less than its carrying amount. Intangible Assets The following table presents information regarding our intangible assets: October 27, 2024 (1) January 28, 2024 in millions Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Definite-Lived Intangible Assets: Customer relationships $ 8,830 $ (913) $ 7,917 $ 3,425 $ (670) $ 2,755 Trade names 608 (62) 546 227 (25) 202 Other 11 (11) — 12 (12) — Indefinite-Lived Intangible Assets: Trade names 649 649 649 649 Total Intangible Assets $ 10,098 $ (986) $ 9,112 $ 4,313 $ (707) $ 3,606 ————— (1) Fiscal 2024 includes the preliminary allocation of fair value to intangible assets related to the SRS acquisition. See Note 10 for details regarding the SRS acquisition. Our intangible asset amortization expense was $138 million and $48 million during the third quarter of fiscal 2024 and fiscal 2023, respectively, and $280 million and $136 million during the first nine months of fiscal 2024 and fiscal 2023, respectively. During the third quarter of fiscal 2024, we completed our annual assessment of the recoverability of our indefinite-lived intangible assets based on quantitative factors and concluded no impairment losses should be recognized. The following table presents the estimated future amortization expense related to definite-lived intangible assets as of October 27, 2024: in millions Amortization Expense Fiscal 2024 - remaining $ 145 Fiscal 2025 552 Fiscal 2026 552 Fiscal 2027 544 Fiscal 2028 527 Thereafter 6,143 Total $ 8,463

DEBT AND DERIVATIVE INSTRUMENTS

DEBT AND DERIVATIVE INSTRUMENTS	9 Months Ended
DEBT AND DERIVATIVE INSTRUMENTS	Oct. 27, 2024
Debt Disclosure [Abstract]
Debt and Derivative Instruments	DEBT AND DERIVATIVE INSTRUMENTS Short-Term Debt At the beginning of fiscal 2024, we had a commercial paper program that allowed for borrowings up to $5.0 billion. In connection with this program, we had back-up credit facilities with a consortium of banks for borrowings up to $5.0 billion, which consisted of a five-year $3.5 billion credit facility scheduled to expire in July 2027 and a 364-day $1.5 billion credit facility scheduled to expire in July 2024. At January 28, 2024, there were no outstanding borrowings under our commercial paper program or back-up credit facilities. In May 2024, we increased our commercial paper program from $5.0 billion to $19.5 billion in connection with the anticipated financing of the acquisition of SRS (see Note 10 for details regarding the SRS acquisition). In May 2024, in connection with the increase in the commercial paper program, we also entered into three additional back-up credit facilities that consisted of a 364-day $3.5 billion credit facility scheduled to expire in May 2025, a three-year $1.0 billion credit facility scheduled to expire in May 2027, and a 364-day $10.0 billion credit facility scheduled to expire in May 2025. The $10.0 billion credit facility also provided that the commitments and any borrowings under that facility would be reduced by the amount of net cash proceeds we received from any future debt issuance. In June 2024, leading up to the acquisition of SRS on June 18, 2024, we raised commercial paper borrowings of over $15.0 billion to fund the transaction. On June 25, 2024, we received the proceeds from the issuance of $10.0 billion of long-term debt, as further discussed below, and immediately used the proceeds to repay approximately $10.0 billion of these commercial paper borrowings. On June 27, 2024, we terminated the $10.0 billion back-up credit facility and subsequently reduced our commercial paper program from $19.5 billion to $9.5 billion. In July 2024, we completed the renewal of our 364-day $1.5 billion credit facility, extending the maturity from July 2024 to July 2025. As of October 27, 2024, our commercial paper program allowed for borrowings up to $9.5 billion and is supported by $9.5 billion of back-up credit facilities. All of our short-term borrowings in the first nine months of fiscal 2024 were under our commercial paper program, and the maximum amount outstanding at any time was $15.3 billion. At October 27, 2024, we had $1.3 billion of outstanding borrowings under our commercial paper program with a weighted average interest rate of 4.8% and no outstanding borrowings under our back-up credit facilities. Long-Term Debt June 2024 Issuance. In June 2024, we issued nine tranches of senior notes. • The first tranche consisted of $600 million of floating rate senior notes due December 24, 2025 (the “floating rate notes”). The floating rate notes bear interest at a variable rate determined quarterly equal to the compounded Secured Overnight Financing Rate (“SOFR”) plus 33 basis points. Interest on the floating rate notes is due quarterly on March 24, June 24, September 24, and December 24 of each year, beginning on September 24, 2024. • The second tranche consisted of $900 million of 5.100% senior notes due December 24, 2025 (the “2025 notes”) at a discount of $0.8 million. Interest on the 2025 notes is due semi-annually on June 24 and December 24 of each year, beginning on December 24, 2024. • The third tranche consisted of $1.5 billion of 5.150% senior notes due June 25, 2026 (the “2026 notes”) at a discount of $1.7 million. Interest on the 2026 notes is due semi-annually on June 25 and December 25 of each year, beginning on December 25, 2024. • The fourth tranche consisted of $1.0 billion of 4.875% senior notes due June 25, 2027 (the “2027 notes”) at a discount of $3.3 million. Interest on the 2027 notes is due semi-annually on June 25 and December 25 of each year, beginning on December 25, 2024. • The fifth tranche consisted of $1.25 billion of 4.750% senior notes due June 25, 2029 (the “2029 notes”) at a discount of $8.1 million. Interest on the 2029 notes is due semi-annually on June 25 and December 25 of each year, beginning on December 25, 2024. • The sixth tranche consisted of $1.0 billion of 4.850% senior notes due June 25, 2031 (the “2031 notes”) at a discount of $7.1 million. Interest on the 2031 notes is due semi-annually on June 25 and December 25 of each year, beginning on December 25, 2024. • The seventh tranche consisted of $1.75 billion of 4.950% senior notes due June 25, 2034 (the “2034 notes”) at a discount of $16.7 million. Interest on the 2034 notes is due semi-annually on June 25 and December 25 of each year, beginning on December 25, 2024. • The eighth tranche consisted of $1.5 billion of 5.300% senior notes due June 25, 2054 (the “2054 notes”) at a discount of $23.5 million. Interest on the 2054 notes is due semi-annually on June 25 and December 25 of each year, beginning on December 25, 2024. • The ninth tranche consisted of $500 million of 5.400% senior notes due June 25, 2064 (the “2064 notes”) at a discount of $8.5 million. Interest on the 2064 notes is due semi-annually on June 25 and December 25 of each year, beginning on December 25, 2024. • Issuance costs for the June 2024 issuance totaled $41 million. Redemption. The floating rate notes are not redeemable prior to maturity. Each of these fixed rate senior notes may be redeemed by us at any time, in whole or in part, at the redemption price plus accrued and unpaid interest up to the redemption date. With respect to the 2025 notes and 2026 notes, 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 on the notes that would be due after the related redemption date. With respect to all other fixed rate notes, prior to the relevant Par Call Date, as defined in the respective notes, 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. With respect to all fixed rate notes other than the 2025 and 2026 notes, on or after the relevant Par Call Date, the redemption price is equal to 100% of the principal amount of such notes. Additionally, if a Change in Control Triggering Event occurs, as defined in the notes, holders of all such notes have the right to require us to offer payment, in cash, for those notes equal to 101% of the aggregate principal amount of such notes plus accrued and unpaid interest up to the date of purchase. The indenture governing these notes does not generally limit our ability to incur additional indebtedness or require us to maintain financial ratios or specified levels of net worth or liquidity. The indenture governing the notes contains various customary covenants; however, none of the covenants are expected to impact our liquidity or capital resources. Repayments . In February 2024, we repaid our $1.1 billion 3.75% senior notes at maturity. Derivative Instruments and Hedging Activities We had outstanding interest rate swap agreements with combined notional amounts of $5.4 billion at both October 27, 2024 and January 28, 2024. These agreements are accounted for as fair value hedges that swap fixed for variable rate interest to hedge changes in the fair values of certain senior notes. At October 27, 2024 and January 28, 2024, the fair values of these agreements totaled $754 million and $858 million, respectively, all of which are recognized within other long-term liabilities on our consolidated balance sheets. All of our interest rate swap agreements are designated as fair value hedges and meet the shortcut method requirements under GAAP. Accordingly, the changes in the fair values of these agreements offset the changes in the fair value of the hedged long-term debt. During the nine months ended October 27, 2024, there was no new material hedging activity or material change to any other hedging arrangement disclosed in our 2023 Form 10-K, and all related activity was immaterial for the periods presented within this report. Collateral . We generally enter into master netting arrangements, which are designed to reduce credit risk by permitting net settlement of transactions with the same counterparty. To further limit our credit risk, we enter into collateral security arrangements that provide for collateral to be received or posted when the net fair value of certain derivative instruments exceeds or falls below contractually established thresholds. The cash collateral posted by the Company related to derivative instruments under our collateral security arrangements was $624 million and $714 million as of October 27, 2024 and January 28, 2024, respectively, which was recorded in other current assets on our consolidated balance sheets. We did not hold any cash collateral as of October 27, 2024 or January 28, 2024.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
STOCKHOLDERS' EQUITY	Oct. 27, 2024
Equity [Abstract]
Stockholders' Equity	STOCKHOLDERS' EQUITY Stock Rollforward The following table presents a reconciliation of the number of shares of our common stock outstanding and cash dividends per share: shares in millions Three Months Ended Nine Months Ended October 27, October 29, October 27, October 29, Common stock: Shares at beginning of period 1,799 1,796 1,796 1,794 Shares issued under employee stock plans, net — — 3 2 Shares at end of period 1,799 1,796 1,799 1,796 Treasury stock: Shares at beginning of period (806) (795) (804) (778) Repurchases of common stock — (5) (2) (22) Shares at end of period (806) (800) (806) (800) Shares outstanding at end of period 993 996 993 996 Cash dividends per share $ 2.25 $ 2.09 $ 6.75 $ 6.27 Share Repurchases In August 2023, our Board of Directors approved a $15.0 billion share repurchase authorization that replaced the previous authorization of $15.0 billion, which was approved in August 2022. The August 2023 authorization does not have a prescribed expiration date. As of October 27, 2024, approximately $11.7 billion of the $15.0 billion share repurchase authorization remained available. In March 2024, we paused share repurchases in anticipation of the SRS acquisition (see Note 10 for details regarding the SRS acquisition). The following table presents information about our repurchases of common stock, all of which were completed through open market purchases: in millions Three Months Ended Nine Months Ended October 27, October 29, October 27, October 29, Total number of shares repurchased — 5 2 22 Total cost of shares repurchased $ — $ 1,516 $ 599 $ 6,561 The cost of shares repurchased may differ from the repurchases of common stock amounts in the consolidated statements of cash flows due to unsettled share repurchases at the end of a period and net excise taxes incurred on share repurchases.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
FAIR VALUE MEASUREMENTS	Oct. 27, 2024
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. The levels of the fair value hierarchy are: • Level 1: observable inputs such as quoted prices in active markets for identical assets or liabilities; • Level 2: inputs other than quoted prices in active markets in Level 1 that are either directly or indirectly observable; and • Level 3: unobservable inputs for which little or no market data exists, therefore requiring management judgment to develop the Company’s own models with estimates and assumptions. Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table presents the assets and liabilities that are measured at fair value on a recurring basis: October 27, 2024 January 28, 2024 in millions Fair Value (Level 2) Fair Value (Level 2) Derivative agreements – assets $ — $ — Derivative agreements – liabilities (754) (859) Total $ (754) $ (859) The fair values of our derivative instruments are determined using an income approach and Level 2 inputs, which primarily include the respective interest rate forward curves and discount rates. Our derivative instruments are discussed further in Note 5 . Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis Long-lived assets, goodwill, and other intangible assets are subject to nonrecurring fair value measurement for the assessment of impairment. We did not have any material assets or liabilities that were measured and recognized at fair value on a nonrecurring basis during the three and nine months ended October 27, 2024 or October 29, 2023. See Note 4 for discussion of the results of our annual goodwill and indefinite-lived intangibles impairment assessments. See Note 10 for discussion on the fair values of assets acquired and liabilities assumed in the SRS acquisition. Other Fair Value Disclosures The carrying amounts of cash and cash equivalents, receivables, accounts payable, and short-term debt approximate fair value due to their short-term nature. The following table presents the aggregate fair values and carrying values of our senior notes: October 27, 2024 January 28, 2024 in millions Fair Value Carrying Fair Value Carrying Senior notes $ 47,239 $ 49,761 $ 38,495 $ 40,843

WEIGHTED AVERAGE COMMON SHARES

WEIGHTED AVERAGE COMMON SHARES	9 Months Ended
WEIGHTED AVERAGE COMMON SHARES	Oct. 27, 2024
Earnings Per Share [Abstract]
Weighted Average Common Shares	WEIGHTED AVERAGE COMMON SHARES The following table presents the reconciliation of our basic to diluted weighted average common shares as well as the number of anti-dilutive securities excluded from diluted weighted average common shares: in millions Three Months Ended Nine Months Ended October 27, October 29, October 27, October 29, Basic weighted average common shares 991 996 990 1,002 Effect of potentially dilutive securities (1) 2 3 2 3 Diluted weighted average common shares 993 999 992 1,005 Anti-dilutive securities excluded from diluted weighted average common shares 1 1 1 1 ————— (1) Represents the dilutive impact of stock-based awards.

CONTINGENCIES

CONTINGENCIES	9 Months Ended
CONTINGENCIES	Oct. 27, 2024
Commitments and Contingencies Disclosure [Abstract]
Contingencies	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.

ACQUISITIONS

ACQUISITIONS	9 Months Ended
ACQUISITIONS	Oct. 27, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Acquisitions	ACQUISITIONS SRS Acquisition On March 27, 2024, we entered into a definitive agreement to acquire SRS, a leading residential specialty trade distribution company across several verticals serving the professional roofer, landscaper and pool contractor. On June 18, 2024, following the satisfaction or waiver of the applicable closing conditions, including receipt of the requisite regulatory approvals, the acquisition was completed and all merger consideration was transferred. Under the terms of the merger agreement, a subsidiary of The Home Depot, Inc. merged with and into Shingle Acquisition Holdings, Inc., the parent company of SRS, with Shingle Acquisition Holdings, Inc. as the surviving entity and a wholly owned subsidiary of the Company. We believe the acquisition of SRS will accelerate the Company’s growth with the residential professional customer. The acquisition is expected to complement our existing capabilities and enable us to better serve complex project purchase occasions with the renovator/remodeler, while also establishing the Company as a leading specialty trade distributor across multiple verticals. We primarily used a combination of proceeds from commercial paper borrowings, the issuance of long-term debt, as well as cash on hand to fund the acquisition. See Note 5 for further information on the financing for the transaction, and below for a summary of preliminary purchase consideration. The acquisition was accounted for in accordance with Accounting Standards Codification Topic 805 “Business Combinations,” and SRS’s results of operations have been consolidated in the Company’s financial statements effective June 18, 2024. Acquisition-related costs were expensed as incurred and were not material. Fair Value of Consideration Transferred. The following table summarizes total preliminary purchase consideration: in millions Total cash consideration $ 17,707 Fair value of common stock issued (1) 321 Total preliminary purchase consideration $ 18,028 ————— (1) In connection with the acquisition, certain members of SRS’s management team concurrently reinvested a portion of their respective after-tax merger consideration proceeds into shares of the Company’s common stock. A portion of such shares of Company common stock are fully vested, and accordingly, the fair value of such shares was recorded as non-cash purchase consideration. A portion of such shares of Company common stock, which replaced legacy SRS stock-based awards, are subject to service-based vesting conditions over a three-year period and become forfeitable if such vesting conditions are not satisfied. Accordingly, a portion of the fair value of these shares was recorded as non-cash purchase consideration, and the remainder will be recorded as post-combination expense over the vesting period. The fair value of these shares, including the amount which will be recorded as post-combination compensation expense, is not material. Allocation of Consideration Transferred. We recorded a preliminary allocation of the purchase price to assets acquired and liabilities assumed based on their estimated fair values as of June 18, 2024. The following table summarizes the recorded fair values of the assets acquired and liabilities assumed: in millions Preliminary Fair Value Cash and cash equivalents $ 161 Receivables 1,832 Merchandise inventories 1,988 Property and equipment 789 Goodwill 10,967 Intangible assets 5,780 Other current and non-current assets 744 Total assets acquired $ 22,261 Accounts payable $ 1,791 Other current liabilities 584 Deferred tax liabilities (1) 1,076 Other long-term liabilities 782 Total liabilities assumed $ 4,233 ————— (1) Primarily resulting from the difference in book and tax basis related to identifiable intangible assets. The preliminary fair values of identifiable intangible assets were determined by using certain estimates and assumptions that are not observable in the market. The Company used the multi-period excess earnings method to value the customer relationships intangible assets. The significant assumptions used to estimate the fair values of customer relationships included forecasted revenues, expected customer attrition rates, and discount rates. Determining the useful life of an intangible asset also requires judgment, as different types of intangible assets will have different useful lives. The preliminary fair values and estimated useful lives of identifiable intangible assets are as follows: in millions Weighted Average Useful Life (Years) Preliminary Fair Value Customer relationships 20 $ 5,400 Trade names 5 380 Total identifiable intangible assets $ 5,780 The goodwill arising from the acquisition is calculated as the excess of the purchase price over the net assets acquired and is attributable to anticipated (i) growth acceleration in the residential professional customer market; (ii) expansion in high growth verticals including roofing; (iii) additional addressable market opportunities; (iv) enhanced delivery network capabilities; and (v) growth in sales force. We expect approximately $1.0 billion of goodwill related to the acquisition to be deductible for U.S. federal and state income tax purposes. At this time, all preliminary goodwill recognized has been allocated to our three SRS reporting units and no goodwill currently resides in our Primary segment. We have completed preliminary valuation analyses necessary to assess the fair values of the assets acquired and liabilities assumed and the amount of goodwill to be recognized as of the acquisition date. These fair values were based on management’s estimates and assumptions; however, the amounts indicated above are preliminary in nature and are subject to adjustment as additional information is obtained about the facts and circumstances that existed as of the acquisition date. Accordingly, there may be adjustments to the assigned values of acquired assets and liabilities. The primary areas that remain preliminary include, but are not limited to, intangible assets, including the preliminary assumptions used in their estimates of fair values and their respective estimated useful lives, the valuation of certain tangible assets, income taxes, and residual goodwill. The final determination of the fair values, purchase consideration, related income tax impacts and residual goodwill will be completed as soon as practicable, and within the measurement period of up to one year from the acquisition date as permitted under GAAP. Any adjustments to provisional amounts that are identified during the measurement period will be recorded in the reporting period in which the adjustment is determined. Measurement period adjustments recognized during the third quarter of fiscal 2024 were immaterial. Results of Operations. Net sales attributable to SRS since the completion of the acquisition and included within our results of operations for the three and nine months ended October 27, 2024 totaled $2.9 billion and $4.2 billion, respectively. Net earnings attributable to SRS since the completion of the acquisition and included within our results of operations for both the three and nine months ended October 27, 2024 were immaterial. Pro forma results of operations would not be materially different as a result of the acquisition and therefore are not presented.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023
Pay vs Performance Disclosure
Net earnings	$ 3,648	$ 3,810	$ 11,809	$ 12,342

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Oct. 27, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Oct. 27, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation
Reclassifications	Reclassifications Effective July 28, 2024, we began separately presenting intangible assets, net, on the consolidated balance sheets, which were previously included in the other assets line item. In addition, we began separately presenting intangible asset amortization on the statements of cash flows, which was previously included in the depreciation and amortization line item. Prior period amounts have been reclassified to conform to the current year’s financial statement presentation.
Receivables	Card receivables consist of payments due from financial institutions for the settlement of credit card and debit card transactions. Rebate receivables represent amounts due from vendors for volume and co-op advertising rebates. Customer receivables relate to credit extended directly to certain customers in the ordinary course of business, which increased compared to the beginning of the year primarily as a result of the SRS acquisition.
Supplier Finance Program	Supplier Finance Program We have a supplier finance program whereby participating suppliers may, at their sole discretion, elect to receive payment for one or more of our payment obligations, prior to their scheduled due dates, at a discounted price from participating financial institutions. The payment terms we negotiate with our suppliers are consistent, irrespective of whether a supplier participates in the program, and we are not a party to the agreements between the participating financial institutions and the suppliers in connection with the program. We do not reimburse suppliers for any costs they incur for participation in the program, and we have not pledged any assets as security or provided any guarantees as part of the program. Our outstanding payment obligations under our supplier finance program were $533 million at October 27, 2024 and $514 million at January 28, 2024 and are recorded within accounts payable on our consolidated balance sheets.
Recently Adopted and Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements We did not adopt any new accounting pronouncements during the nine months ended October 27, 2024 that had a material impact on our consolidated financial condition, results of operations or cash flows. Recently Issued Accounting Pronouncements ASU No. 2024-03. In November 2024, the FASB issued ASU No. 2024-03, “Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses,” which is intended to improve disclosures about a public business entity’s expenses by requiring disaggregated disclosure, in the notes to the financial statements, of prescribed categories of expenses within relevant income statement captions. ASU No. 2024-03 is effective for fiscal years beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. The new standard may be applied either on a prospective or retrospective basis. We are currently evaluating the impact of the standard on our consolidated financial statement disclosures. Recent accounting pronouncements pending adoption not discussed above or in the 2023 Form 10-K are either not applicable or are not expected to have a material impact on our consolidated financial condition, results of operations or cash flows.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	Oct. 27, 2024
Accounting Policies [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	The following table presents components of receivables, net: in millions October 27, January 28, Card receivables $ 1,229 $ 988 Rebate receivables 1,688 841 Customer receivables 2,321 924 Other receivables 544 575 Receivables, net $ 5,782 $ 3,328

SEGMENT REPORTING AND NET SAL_2

SEGMENT REPORTING AND NET SALES (Tables)	9 Months Ended
SEGMENT REPORTING AND NET SALES (Tables)	Oct. 27, 2024
Segment Reporting [Abstract]
Summary of Segment, Reconciliation of Other Items from Segments to Consolidated	The following table presents a reconciliation of the results of our Primary segment to our consolidated totals: Three Months Ended Nine Months Ended October 27, 2024 October 27, 2024 in millions Primary Segment Other Consolidated Primary Segment Other Consolidated Net sales $ 37,289 $ 2,928 $ 40,217 $ 115,608 $ 4,202 $ 119,810 Operating income (1) 5,218 200 5,418 16,759 272 17,031 Interest income and other, net (30) (171) Interest expense 625 1,683 Earnings before provision for income taxes $ 4,823 $ 15,519 ————— (1) Includes intangible asset amortization expense of $52 million and $155 million for the three and nine months ended October 27, 2024, respectively, in our Primary segment, and intangible asset amortization expense of $86 million and $125 million for the three and nine months ended October 27, 2024, respectively, in Other.
Summary of Net Sales by Major Product Line	The following table presents our Primary segment major product lines and the related merchandising departments (and related services): Major Product Line Merchandising Departments Building Materials Building Materials, Electrical, Lumber, Millwork, and Plumbing Décor Appliances, Bath, Flooring, Kitchen & Blinds, Lighting, and Paint Hardlines Hardware, Indoor Garden, Outdoor Garden, Power, and Storage & Organization The following table presents net sales by major product line (and related services), as well as Other net sales: Three Months Ended Nine Months Ended in millions October 27, October 29, October 27, October 29, Building Materials $ 13,479 $ 13,646 $ 40,028 $ 40,907 Décor 12,682 13,091 38,617 39,658 Hardlines 11,128 10,973 36,963 37,318 Primary segment net sales 37,289 37,710 115,608 117,883 Other net sales (1) 2,928 — 4,202 — Net sales $ 40,217 $ 37,710 $ 119,810 $ 117,883 ————— (1) Represents SRS net sales since the acquisition date of June 18, 2024. See discussion above for information on the components of Other net sales.
Summary of Net Sales, Classified by Geography	The following table presents net sales, classified by geography: Three Months Ended Nine Months Ended in millions October 27, October 29, October 27, October 29, Net sales – in the U.S. $ 37,135 $ 34,544 $ 110,217 $ 108,242 Net sales – outside the U.S. 3,082 3,166 9,593 9,641 Net sales $ 40,217 $ 37,710 $ 119,810 $ 117,883
Summary of Net Sales by Products and Services	The following table presents net sales by products and services: Three Months Ended Nine Months Ended in millions October 27, October 29, October 27, October 29, Net sales – products $ 38,692 $ 36,156 $ 115,375 $ 113,405 Net sales – services 1,525 1,554 4,435 4,478 Net sales $ 40,217 $ 37,710 $ 119,810 $ 117,883

PROPERTY AND LEASES (Tables)

PROPERTY AND LEASES (Tables)	9 Months Ended
PROPERTY AND LEASES (Tables)	Oct. 27, 2024
Leases [Abstract]
Summary of Assets and Liabilities Related to Operating and Finance Leases	The following table presents the consolidated balance sheet classification related to operating and finance leases: in millions Consolidated Balance Sheet Classification October 27, January 28, Assets: Operating lease assets Operating lease right-of-use assets $ 8,521 $ 7,884 Finance lease assets (1) Net property and equipment 2,703 2,840 Total lease assets $ 11,224 $ 10,724 Liabilities: Current: Operating lease liabilities Current operating lease liabilities $ 1,262 $ 1,050 Finance lease liabilities Current installments of long-term debt 359 268 Long-term: Operating lease liabilities Long-term operating lease liabilities 7,538 7,082 Finance lease liabilities Long-term debt, excluding current installments 2,803 3,000 Total lease liabilities $ 11,962 $ 11,400 ————— (1) Finance lease assets are recorded net of accumulated amortization of $1.4 billion as of October 27, 2024 and $1.2 billion as of January 28, 2024.
Summary of Supplemental Non-Cash Information Related to Leases	The following table presents supplemental non-cash information related to leases: Nine Months Ended in millions October 27, October 29, Lease assets obtained in exchange for new operating lease liabilities $ 934 $ 791 Lease assets obtained in exchange for new finance lease liabilities 120 261

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	9 Months Ended
GOODWILL AND INTANGIBLE ASSETS (Tables)	Oct. 27, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table presents the changes in the carrying amount of our goodwill: in millions Primary Segment Other Consolidated Goodwill, balance at January 28, 2024 $ 8,455 $ — $ 8,455 Acquisitions (1) — 10,987 10,987 Other (2) (14) — (14) Goodwill, balance at October 27, 2024 $ 8,441 $ 10,987 $ 19,428 ————— (1) Fiscal 2024 activity represents the preliminary determination of goodwill related to the SRS acquisition, as well as other immaterial acquisitions completed by SRS during the third quarter of fiscal 2024. See Note 10 for details regarding the SRS acquisition. (2) Primarily reflects the net impact of foreign currency translation as well as immaterial measurement period adjustments related to fiscal 2023 acquisitions.
Schedule of Finite-Lived Intangible Assets	The following table presents information regarding our intangible assets: October 27, 2024 (1) January 28, 2024 in millions Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Definite-Lived Intangible Assets: Customer relationships $ 8,830 $ (913) $ 7,917 $ 3,425 $ (670) $ 2,755 Trade names 608 (62) 546 227 (25) 202 Other 11 (11) — 12 (12) — Indefinite-Lived Intangible Assets: Trade names 649 649 649 649 Total Intangible Assets $ 10,098 $ (986) $ 9,112 $ 4,313 $ (707) $ 3,606 ————— (1) Fiscal 2024 includes the preliminary allocation of fair value to intangible assets related to the SRS acquisition. See Note 10 for details regarding the SRS acquisition.
Schedule of Indefinite-Lived Intangible Assets	The following table presents information regarding our intangible assets: October 27, 2024 (1) January 28, 2024 in millions Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Definite-Lived Intangible Assets: Customer relationships $ 8,830 $ (913) $ 7,917 $ 3,425 $ (670) $ 2,755 Trade names 608 (62) 546 227 (25) 202 Other 11 (11) — 12 (12) — Indefinite-Lived Intangible Assets: Trade names 649 649 649 649 Total Intangible Assets $ 10,098 $ (986) $ 9,112 $ 4,313 $ (707) $ 3,606 ————— (1) Fiscal 2024 includes the preliminary allocation of fair value to intangible assets related to the SRS acquisition. See Note 10 for details regarding the SRS acquisition.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The following table presents the estimated future amortization expense related to definite-lived intangible assets as of October 27, 2024: in millions Amortization Expense Fiscal 2024 - remaining $ 145 Fiscal 2025 552 Fiscal 2026 552 Fiscal 2027 544 Fiscal 2028 527 Thereafter 6,143 Total $ 8,463

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	9 Months Ended
STOCKHOLDERS' EQUITY (Tables)	Oct. 27, 2024
Equity [Abstract]
Summary of Reconciliation of the Number of Shares of our Common Stock Outstanding and Cash Dividends Per Share	The following table presents a reconciliation of the number of shares of our common stock outstanding and cash dividends per share: shares in millions Three Months Ended Nine Months Ended October 27, October 29, October 27, October 29, Common stock: Shares at beginning of period 1,799 1,796 1,796 1,794 Shares issued under employee stock plans, net — — 3 2 Shares at end of period 1,799 1,796 1,799 1,796 Treasury stock: Shares at beginning of period (806) (795) (804) (778) Repurchases of common stock — (5) (2) (22) Shares at end of period (806) (800) (806) (800) Shares outstanding at end of period 993 996 993 996 Cash dividends per share $ 2.25 $ 2.09 $ 6.75 $ 6.27
Summary of Repurchases of Common Stock	The following table presents information about our repurchases of common stock, all of which were completed through open market purchases: in millions Three Months Ended Nine Months Ended October 27, October 29, October 27, October 29, Total number of shares repurchased — 5 2 22 Total cost of shares repurchased $ — $ 1,516 $ 599 $ 6,561

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Oct. 27, 2024
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following table presents the assets and liabilities that are measured at fair value on a recurring basis: October 27, 2024 January 28, 2024 in millions Fair Value (Level 2) Fair Value (Level 2) Derivative agreements – assets $ — $ — Derivative agreements – liabilities (754) (859) Total $ (754) $ (859)
Summary of Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis	The following table presents the aggregate fair values and carrying values of our senior notes: October 27, 2024 January 28, 2024 in millions Fair Value Carrying Fair Value Carrying Senior notes $ 47,239 $ 49,761 $ 38,495 $ 40,843

WEIGHTED AVERAGE COMMON SHARES

WEIGHTED AVERAGE COMMON SHARES (Tables)	9 Months Ended
WEIGHTED AVERAGE COMMON SHARES (Tables)	Oct. 27, 2024
Earnings Per Share [Abstract]
Summary of Weighted Average Number of Shares	The following table presents the reconciliation of our basic to diluted weighted average common shares as well as the number of anti-dilutive securities excluded from diluted weighted average common shares: in millions Three Months Ended Nine Months Ended October 27, October 29, October 27, October 29, Basic weighted average common shares 991 996 990 1,002 Effect of potentially dilutive securities (1) 2 3 2 3 Diluted weighted average common shares 993 999 992 1,005 Anti-dilutive securities excluded from diluted weighted average common shares 1 1 1 1 ————— (1) Represents the dilutive impact of stock-based awards.

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
ACQUISITIONS (Tables)	Oct. 27, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Business Acquisitions, by Acquisition	The following table summarizes total preliminary purchase consideration: in millions Total cash consideration $ 17,707 Fair value of common stock issued (1) 321 Total preliminary purchase consideration $ 18,028 ————— (1) In connection with the acquisition, certain members of SRS’s management team concurrently reinvested a portion of their respective after-tax merger consideration proceeds into shares of the Company’s common stock. A portion of such shares of Company common stock are fully vested, and accordingly, the fair value of such shares was recorded as non-cash purchase consideration. A portion of such shares of Company common stock, which replaced legacy SRS stock-based awards, are subject to service-based vesting conditions over a three-year period and become forfeitable if such vesting conditions are not satisfied. Accordingly, a portion of the fair value of these shares was recorded as non-cash purchase consideration, and the remainder will be recorded as post-combination expense over the vesting period. The fair value of these shares, including the amount which will be recorded as post-combination compensation expense, is not material.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the recorded fair values of the assets acquired and liabilities assumed: in millions Preliminary Fair Value Cash and cash equivalents $ 161 Receivables 1,832 Merchandise inventories 1,988 Property and equipment 789 Goodwill 10,967 Intangible assets 5,780 Other current and non-current assets 744 Total assets acquired $ 22,261 Accounts payable $ 1,791 Other current liabilities 584 Deferred tax liabilities (1) 1,076 Other long-term liabilities 782 Total liabilities assumed $ 4,233 ————— (1) Primarily resulting from the difference in book and tax basis related to identifiable intangible assets.
Schedule of Acquired Finite-Lived Intangible Assets by Major Class	The preliminary fair values and estimated useful lives of identifiable intangible assets are as follows: in millions Weighted Average Useful Life (Years) Preliminary Fair Value Customer relationships 20 $ 5,400 Trade names 5 380 Total identifiable intangible assets $ 5,780

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Components of Receivables (Details) - USD ($) $ in Millions	Oct. 27, 2024	Jan. 28, 2024
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Receivables, net	$ 5,782	$ 3,328
Card receivables
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Receivables, net	1,229	988
Rebate receivables
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Receivables, net	1,688	841
Customer receivables
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Receivables, net	2,321	924
Other receivables
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Receivables, net	$ 544	$ 575

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) - USD ($) $ in Millions	Oct. 27, 2024	Jan. 28, 2024
Accounting Policies [Abstract]
Supplier finance program	$ 533	$ 514

SEGMENT REPORTING AND NET SAL_3

SEGMENT REPORTING AND NET SALES - Narrative (Details) $ in Billions	3 Months Ended	9 Months Ended
	Oct. 27, 2024 USD ($)	Oct. 27, 2024 USD ($) segment reportableSegment	Jan. 28, 2024 USD ($)
Disaggregation of Revenue [Line Items]
Number of operating segments \| segment		3
Number of reportable segments \| reportableSegment		1
Deferred revenue	$ 1.6	$ 1.6	$ 1.7
General redemption period		6 months
Gift card performance obligations	$ 1	$ 1	$ 1.1
Product Concentration Risk \| Revenue Benchmark \| Roofing Products \| Other
Disaggregation of Revenue [Line Items]
Concentration risk percentage	68%	67%

SEGMENT REPORTING AND NET SAL_4

SEGMENT REPORTING AND NET SALES - Summary of Segment, Reconciliation of Other Items from Segments to Consolidated (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023
Disaggregation of Revenue [Line Items]
Net sales	$ 40,217	$ 37,710	$ 119,810	$ 117,883
Operating income	5,418	5,406	17,031	17,546
Interest income and other, net	(30)	(49)	(171)	(123)
Interest expense	625	487	1,683	1,430
Earnings before provision for income taxes	4,823	4,968	15,519	16,239
Intangible asset amortization	138	48	280	136
Primary Segment
Disaggregation of Revenue [Line Items]
Net sales	37,289		115,608
Operating income	5,218		16,759
Intangible asset amortization	52		155
Other
Disaggregation of Revenue [Line Items]
Net sales	2,928	0	4,202	0
Operating income	200		272
Intangible asset amortization	86		125
Operating Segments \| Primary Segment
Disaggregation of Revenue [Line Items]
Net sales	$ 37,289	$ 37,710	$ 115,608	$ 117,883

SEGMENT REPORTING AND NET SAL_5

SEGMENT REPORTING AND NET SALES - Summary of Net Sales (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023
Disaggregation of Revenue [Line Items]
Net sales	$ 40,217	$ 37,710	$ 119,810	$ 117,883
In the U.S.
Disaggregation of Revenue [Line Items]
Net sales	37,135	34,544	110,217	108,242
Outside the U.S.
Disaggregation of Revenue [Line Items]
Net sales	3,082	3,166	9,593	9,641
Primary Segment
Disaggregation of Revenue [Line Items]
Net sales	37,289		115,608
Primary Segment \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	37,289	37,710	115,608	117,883
Other
Disaggregation of Revenue [Line Items]
Net sales	2,928	0	4,202	0
Building Materials \| Primary Segment \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	13,479	13,646	40,028	40,907
Décor \| Primary Segment \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	12,682	13,091	38,617	39,658
Hardlines \| Primary Segment \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	11,128	10,973	36,963	37,318
Products
Disaggregation of Revenue [Line Items]
Net sales	38,692	36,156	115,375	113,405
Services
Disaggregation of Revenue [Line Items]
Net sales	$ 1,525	$ 1,554	$ 4,435	$ 4,478

PROPERTY AND LEASES - Narrative

PROPERTY AND LEASES - Narrative (Details) - USD ($) $ in Billions	Oct. 27, 2024	Jan. 28, 2024
Leases [Abstract]
Accumulated depreciation and amortization	$ 28.6	$ 27.1

PROPERTY AND LEASES - Summary o

PROPERTY AND LEASES - Summary of Assets and Liabilities Related to Operating and Finance Leases (Details) - USD ($) $ in Millions	Oct. 27, 2024	Jan. 28, 2024
Assets
Operating lease assets	$ 8,521	$ 7,884
Finance lease assets	2,703	2,840
Total lease assets	11,224	10,724
Current:
Operating lease liabilities	1,262	1,050
Finance lease liabilities	359	268
Long-term:
Operating lease liabilities	7,538	7,082
Finance lease liabilities	2,803	3,000
Total lease liabilities	11,962	11,400
Finance lease asset accumulated amortization	$ 1,400	$ 1,200

PROPERTY AND LEASES - Summary_2

PROPERTY AND LEASES - Summary of Supplemental Non-Cash Information Related to Leases (Details) - USD ($) $ in Millions	9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023
Leases [Abstract]
Lease assets obtained in exchange for new operating lease liabilities	$ 934	$ 791
Lease assets obtained in exchange for new finance lease liabilities	$ 120	$ 261

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Schedule of Goodwill (Details) $ in Millions		9 Months Ended
	Jun. 18, 2024 reporting_unit	Oct. 27, 2024 USD ($)
Goodwill [Roll Forward]
Goodwill, balance at beginning of year		$ 8,455
Acquisitions		10,987
Other		(14)
Goodwill, balance at end of year		19,428
SRS Distribution Inc
Goodwill [Roll Forward]
Number of reporting units \| reporting_unit	3
Primary Segment
Goodwill [Roll Forward]
Goodwill, balance at beginning of year		8,455
Acquisitions		0
Other		(14)
Goodwill, balance at end of year		8,441
Other
Goodwill [Roll Forward]
Goodwill, balance at beginning of year		0
Acquisitions		10,987
Other		0
Goodwill, balance at end of year		$ 10,987

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	Oct. 27, 2024	Jan. 28, 2024
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ (986)	$ (707)
Net Carrying Amount	8,463
Indefinite-Lived Intangible Assets [Line Items]
Total Intangible Assets	10,098	4,313
Total Intangible, Net	9,112	3,606
Trade names
Indefinite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	649	649
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	8,830	3,425
Accumulated Amortization	(913)	(670)
Net Carrying Amount	7,917	2,755
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	608	227
Accumulated Amortization	(62)	(25)
Net Carrying Amount	546	202
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	11	12
Accumulated Amortization	(11)	(12)
Net Carrying Amount	$ 0	$ 0

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible asset amortization	$ 138	$ 48	$ 280	$ 136

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS - Schedule of Estimated Future Amortization Expense (Details) $ in Millions	Oct. 27, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Fiscal 2024 - remaining	$ 145
Fiscal 2025	552
Fiscal 2026	552
Fiscal 2027	544
Fiscal 2028	527
Thereafter	6,143
Net Carrying Amount	$ 8,463

DEBT AND DERIVATIVE INSTRUMEN_2

DEBT AND DERIVATIVE INSTRUMENTS - Short-term Debt (Details) $ in Billions					1 Months Ended		9 Months Ended
	Jun. 27, 2024 USD ($)	Jun. 25, 2024 USD ($)	Jun. 18, 2024 USD ($)	Jan. 29, 2024 USD ($)	Jul. 28, 2024 USD ($)	May 31, 2024 USD ($) creditFacility	Oct. 27, 2024 USD ($)	Jan. 28, 2024 USD ($)
Debt Instrument [Line Items]
Short-term debt							$ 1.3	$ 0
Back-up credit facilities outstanding							0	$ 0
Number of back-up credit facilities \| creditFacility						3
Borrowings of commercial paper			$ 15
Proceeds from issuance of senior long-term debt		$ 10
Repayments of commercial paper		$ 10
Commercial Paper
Debt Instrument [Line Items]
Maximum borrowing capacity of credit facility				$ 5	$ 9.5	$ 19.5	9.5
Maximum amount outstanding during period							$ 15.3
Weighted average interest rate							4.80%
Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity of credit facility				5			$ 9.5
Revolving Credit Facility \| 5-year Back-up Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity of credit facility				$ 3.5
Expiration period				5 years
Revolving Credit Facility \| 364-day Back-up Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity of credit facility				$ 1.5	$ 1.5	$ 3.5
Expiration period				364 days	364 days	364 days
Revolving Credit Facility \| Three Year Back Up Credit Facility Expiring May 2027
Debt Instrument [Line Items]
Maximum borrowing capacity of credit facility						$ 1
Expiration period						3 years
Revolving Credit Facility \| 364-day Back-up Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity of credit facility						$ 10
Expiration period						364 days
Extinguishment of debt, amount	$ 10

DEBT AND DERIVATIVE INSTRUMEN_3

DEBT AND DERIVATIVE INSTRUMENTS - Long-term Debt (Details) $ in Millions	1 Months Ended
	Jun. 30, 2024 USD ($) tranche	Feb. 29, 2024 USD ($)
Debt Instrument [Line Items]
Number of tranches \| tranche	9
Senior Notes \| Senior Notes Due December 24, 2025, Floating Rate, First Tranche
Debt Instrument [Line Items]
Debt instrument face amount	$ 600
Basis spread on variable rate (as a percent)	0.33%
Senior Notes \| Senior Notes Due December 24, 2025, 5.100% Second Tranche
Debt Instrument [Line Items]
Debt instrument face amount	$ 900
Debt instrument interest rate (in percentage)	5.10%
Unamortized discount	$ 0.8
Senior Notes \| Senior Notes Due June 25, 2026, 5.150% Third Tranche
Debt Instrument [Line Items]
Debt instrument face amount	$ 1,500
Debt instrument interest rate (in percentage)	5.15%
Unamortized discount	$ 1.7
Senior Notes \| Senior Notes Due June 25, 2027, 4.875% Fourth Tranche
Debt Instrument [Line Items]
Debt instrument face amount	$ 1,000
Debt instrument interest rate (in percentage)	4.875%
Unamortized discount	$ 3.3
Senior Notes \| Senior Notes Due June 25, 2029 , 4.750% Fifth Tranche
Debt Instrument [Line Items]
Debt instrument face amount	$ 1,250
Debt instrument interest rate (in percentage)	4.75%
Unamortized discount	$ 8.1
Senior Notes \| Senior Notes Due June 25, 2031, 4.850% Sixth Tranche
Debt Instrument [Line Items]
Debt instrument face amount	$ 1,000
Debt instrument interest rate (in percentage)	4.85%
Unamortized discount	$ 7.1
Senior Notes \| Senior Notes Due June 25, 2034, 4.950% Seventh Tranche
Debt Instrument [Line Items]
Debt instrument face amount	$ 1,750
Debt instrument interest rate (in percentage)	4.95%
Unamortized discount	$ 16.7
Senior Notes \| Senior Notes Due June 25, 2054, 5.300% Eighth Tranche
Debt Instrument [Line Items]
Debt instrument face amount	$ 1,500
Debt instrument interest rate (in percentage)	5.30%
Unamortized discount	$ 23.5
Senior Notes \| Senior Notes Due June 25, 2064, 5.400% Ninth Tranche
Debt Instrument [Line Items]
Debt instrument face amount	$ 500
Debt instrument interest rate (in percentage)	5.40%
Unamortized discount	$ 8.5
Senior Notes \| June 2024 Issuance
Debt Instrument [Line Items]
Issuance costs	$ 41
Senior Notes \| Senior Notes Due February 2024, 3.75%
Debt Instrument [Line Items]
Debt instrument interest rate (in percentage)		3.75%
Repayments of debt		$ 1,100
Senior Notes \| Fixed Rate Notes
Debt Instrument [Line Items]
Debt instrument change of control redemption price (in percentage)	101%
Senior Notes \| 2025 and 2026 Senior Notes
Debt Instrument [Line Items]
Debt instrument redemption price (in percentage)	100%
Senior Notes \| Fixed Rate Notes Other Than 2025 And 2026 Notes \| Debt Instrument, Redemption, Period One
Debt Instrument [Line Items]
Debt instrument redemption price (in percentage)	100%
Senior Notes \| Fixed Rate Notes Other Than 2025 And 2026 Notes \| Debt Instrument, Redemption, Period Two
Debt Instrument [Line Items]
Debt instrument redemption price (in percentage)	100%

DEBT AND DERIVATIVE INSTRUMEN_4

DEBT AND DERIVATIVE INSTRUMENTS - Derivative Instruments and Hedging Activities (Details) - USD ($) $ in Millions	Oct. 27, 2024	Jan. 28, 2024
Derivative [Line Items]
Cash collateral received	$ 624	$ 714
Interest Rate Swap \| Fair Value Hedging
Derivative [Line Items]
Notional amount	5,400	5,400
Fair value agreements	$ 754	$ 858

STOCKHOLDERS' EQUITY - Summary

STOCKHOLDERS' EQUITY - Summary of Reconciliation of the Number of Shares of our Common Stock Outstanding and Cash Dividends Per Share (Details) - $ / shares shares in Millions	3 Months Ended		9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023	Jan. 28, 2024
Common stock:
Shares at beginning of period (in shares)	1,799	1,796	1,796	1,794
Shares issued under employee stock plans, net	0	0	3	2
Shares at end of period (in shares)	1,799	1,796	1,799	1,796
Treasury stock:
Shares at beginning of period (in shares)	(806)	(795)	(804)	(778)
Repurchases of common stock (in shares)	0	(5)	(2)	(22)
Shares at end of period (in shares)	(806)	(800)	(806)	(800)
Shares outstanding at end of period (in shares)	993	996	993	996	992
Cash dividends per share (in dollars per share)	$ 2.25	$ 2.09	$ 6.75	$ 6.27

STOCKHOLDERS' EQUITY - Narrativ

STOCKHOLDERS' EQUITY - Narrative (Details) - USD ($) $ in Billions	Oct. 27, 2024	Aug. 31, 2023	Aug. 31, 2022
2023 Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Share repurchase amount		$ 15
Remaining authorized repurchase amount	$ 11.7
2022 Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Share repurchase amount			$ 15

STOCKHOLDERS' EQUITY - Summar_2

STOCKHOLDERS' EQUITY - Summary of Repurchases of Common Stock (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023
Equity [Abstract]
Total number of shares repurchased	0	5	2	22
Total cost of shares repurchased	$ 0	$ 1,516	$ 599	$ 6,561

FAIR VALUE MEASUREMENTS - Summa

FAIR VALUE MEASUREMENTS - Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - Fair Value Measurements Recurring - Fair Value (Level 2) - USD ($) $ in Millions	Oct. 27, 2024	Jan. 28, 2024
Fair Value, Assets and Liabilities Measured on a Recurring Basis [Line Items]
Derivative agreements – assets	$ 0	$ 0
Derivative agreements – liabilities	(754)	(859)
Total	$ (754)	$ (859)

FAIR VALUE MEASUREMENTS - Sum_2

FAIR VALUE MEASUREMENTS - Summary of Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (Details) - USD ($) $ in Millions	Oct. 27, 2024	Jan. 28, 2024
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items]
Carrying value of senior notes	$ 49,761	$ 40,843
Senior notes \| Fair Value Measurements Nonrecurring \| Fair Value (Level 1)
Fair Value, Assets and Liabilities Measured on a Nonrecurring Basis [Line Items]
Fair value of senior notes	$ 47,239	$ 38,495

WEIGHTED AVERAGE COMMON SHARE_2

WEIGHTED AVERAGE COMMON SHARES (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023
Reconciliation of Basic to Diluted Weighted Average Common Shares:
Basic weighted average common shares (in shares)	991	996	990	1,002
Effect of potentially dilutive securities (in shares)	2	3	2	3
Diluted weighted average common shares (in shares)	993	999	992	1,005
Anti-dilutive securities excluded from diluted weighted average common shares (in shares)	1	1	1	1

ACQUISITIONS - Schedule Of Purc

ACQUISITIONS - Schedule Of Purchase Price Included Forms Of Consideration (Details) - USD ($) $ in Millions		9 Months Ended
	Jun. 18, 2024	Oct. 27, 2024	Oct. 29, 2023
Business Acquisition [Line Items]
Fair value of common stock issued		$ 321	$ 0
SRS Acquisition
Business Acquisition [Line Items]
Total cash consideration	$ 17,707
Fair value of common stock issued	321
Total preliminary purchase consideration	$ 18,028
Award vesting period (in years)	3 years

ACQUISITIONS - Schedule of Busi

ACQUISITIONS - Schedule of Business Acquisitions, by Acquisition (Details) - USD ($) $ in Millions	Oct. 27, 2024	Jun. 18, 2024	Jan. 28, 2024
Business Acquisition [Line Items]
Goodwill	$ 19,428		$ 8,455
SRS Acquisition
Business Acquisition [Line Items]
Cash and cash equivalents		$ 161
Receivables		1,832
Merchandise inventories		1,988
Property and equipment		789
Goodwill		10,967
Intangible assets		5,780
Other current and non-current assets		744
Total assets acquired		22,261
Accounts payable		1,791
Other current liabilities		584
Deferred Tax Liabilities		1,076
Other long-term liabilities		782
Total liabilities assumed		$ 4,233

ACQUISITIONS - Schedule of Fini

ACQUISITIONS - Schedule of Finite-Lived Intangible Assets (Details) - SRS Acquisition $ in Millions	Jun. 18, 2024 USD ($)
Business Acquisition [Line Items]
Preliminary Fair Value	$ 5,780
Customer relationships
Business Acquisition [Line Items]
Weighted Average Useful Life (Years)	20 years
Preliminary Fair Value	$ 5,400
Trade names
Business Acquisition [Line Items]
Weighted Average Useful Life (Years)	5 years
Preliminary Fair Value	$ 380

ACQUISITIONS - Narrative (Detai

ACQUISITIONS - Narrative (Details) - SRS Distribution Inc $ in Billions		3 Months Ended	9 Months Ended
	Jun. 18, 2024 USD ($) reporting_unit	Oct. 27, 2024 USD ($)	Oct. 27, 2024 USD ($)
Business Acquisition [Line Items]
Expected tax deductible amount of goodwill	$ 1
Number of reporting units \| reporting_unit	3
Net sales since acquisition		$ 2.9	$ 4.2