SEGMENT REPORTING AND NET SALES (Tables)

12 Months Ended

Feb. 02, 2025

Schedule of Segment Reporting Information, by Segment

The following table presents net sales, significant expenses, and operating income for our Primary segment:


in millions	Fiscal 2024		Fiscal 2023		Fiscal 2022
Net sales	$	153,108	$	152,669	$	157,403
Cost of sales	101,194		101,709		104,625
Gross profit	51,914		50,960		52,778
Operating expenses:
Selling, general and administrative	27,822		26,598		26,284
Depreciation and amortization	2,779		2,673		2,455
Total operating expenses	30,601		29,271		28,739
Primary segment operating income	$	21,313	$	21,689	$	24,039

The following table presents a reconciliation of certain Primary segment information to our consolidated totals:


	Fiscal 2024
in millions	Primary Segment		Other		Consolidated
Net sales	$	153,108	$	6,406	$	159,514
Operating income	21,313		213		21,526
Interest income and other, net					(201)
Interest expense					2,321
Earnings before provision for income taxes					$	19,406

Depreciation and amortization (1)	$	3,350	$	358	$	3,708

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(1)Includes depreciation and finance lease amortization in cost of sales. Also includes intangible asset amortization expense of $207 million in our Primary segment and $218 million in Other.

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

The following table presents net property and equipment, classified by geography:


in millions	February 2, 2025		January 28, 2024		January 29, 2023
Net property and equipment – in the U.S.	$	24,193	$	23,347	$	23,057
Net property and equipment – outside the U.S.	2,509		2,807		2,574
Net property and equipment	$	26,702	$	26,154	$	25,631

The following table presents net sales, classified by geography:


	Fiscal		Fiscal		Fiscal
in millions	2024		2023		2022
Net sales – in the U.S.	$	147,007	$	140,083	$	144,840
Net sales – outside the U.S.	12,507		12,586		12,563
Net sales	$	159,514	$	152,669	$	157,403

Schedule of Net Sales by Products and Services

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) within our Primary segment, as well as Other net sales:


	Fiscal		Fiscal		Fiscal
in millions	2024		2023		2022
Building Materials	$	52,756	$	52,661	$	54,572
Décor	51,790		51,945		54,442
Hardlines	48,562		48,063		48,389
Primary segment net sales	153,108		152,669		157,403
Other net sales	6,406		—		—
Net sales	$	159,514	$	152,669	$	157,403

The following table presents net sales by merchandising department (and related services) within our Primary segment, as well as Other net sales:


	Fiscal				Fiscal				Fiscal
	2024				2023				2022
dollars in millions	Net Sales		% of Net Sales		Net Sales		% of Net Sales		Net Sales		% of Net Sales
Appliances	$	14,046	8.8	%	$	13,917	9.1	%	$	14,521	9.2	%
Bath	6,485		4.1		6,630		4.3		6,855		4.4
Building Materials	12,423		7.8		12,118		7.9		11,410		7.2
Electrical	7,877		4.9		8,038		5.3		8,824		5.6
Flooring	8,596		5.4		8,762		5.7		9,198		5.8
Hardware	8,999		5.6		9,010		5.9		8,953		5.7
Indoor Garden	10,519		6.6		10,283		6.7		10,105		6.4
Kitchen & Blinds	7,238		4.5		7,154		4.7		7,751		4.9
Lighting	4,222		2.6		4,531		3.0		5,036		3.2
Lumber	11,762		7.4		11,721		7.7		13,436		8.5
Millwork	8,337		5.2		8,301		5.4		8,428		5.4
Outdoor Garden	10,308		6.5		10,278		6.7		10,039		6.4
Paint	11,203		7.0		10,951		7.2		11,081		7.0
Plumbing	12,357		7.7		12,483		8.2		12,474		7.9
Power	13,100		8.2		12,864		8.4		13,271		8.4
Storage & Organization	5,636		3.5		5,628		3.7		6,021		3.8
Primary segment net sales	153,108		96.0		152,669		100.0		157,403		100.0
Other net sales	6,406		4.0		—		—		—		—
Net sales	$	159,514	100.0	%	$	152,669	100.0	%	$	157,403	100.0	%

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Note: Certain percentages may not sum to totals due to rounding.

The following table presents net sales by products and services:


	Fiscal		Fiscal		Fiscal
in millions	2024		2023		2022
Net sales – products	$	153,674	$	146,835	$	151,804
Net sales – services	5,840		5,834		5,599
Net sales	$	159,514	$	152,669	$	157,403