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SEGMENT REPORTING AND NET SALES (Tables)
 9 Months Ended
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 EndedNine Months Ended
October 27, 2024October 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 LineMerchandising 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 EndedNine Months Ended
in millionsOctober 27,
2024		October 29,
2023		October 27,
2024		October 29,
2023
Building Materials$13,479 $13,646 $40,028 $40,907 
Décor12,682 13,091 38,617 39,658 
Hardlines11,128 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.
Summary of Net Sales, Classified by Geography
The following table presents net sales, classified by geography:
Three Months EndedNine Months Ended
in millionsOctober 27,
2024		October 29,
2023		October 27,
2024		October 29,
2023
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 EndedNine Months Ended
in millionsOctober 27,
2024		October 29,
2023		October 27,
2024		October 29,
2023
Net sales – products$38,692 $36,156 $115,375 $113,405 
Net sales – services1,525 1,554 4,435 4,478 
Net sales
$40,217 $37,710 $119,810 $117,883