v3.25.3
Segment Information
 9 Months Ended
Oct. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s home improvement operations represent a single operating segment designed to enable customers to purchase products and services seamlessly through all channels. The Company’s chief operating decision maker (CODM) is the Chairman, President, and Chief Executive Officer. The CODM has the ultimate decision-making authority for resource allocation and assessing the performance of the Company. Thereby, the CODM regularly reviews consolidated net earnings as the measure of segment profit or loss, as well as significant segment expenses included in the below table, to evaluate operating performance, generate future operating plans and make strategic decisions regarding the allocation of capital. The CODM also uses these measures in monitoring plan versus actual results. The CODM does not review segment assets at a different asset level or category than those disclosed in the consolidated balance sheets.
The following presents the Company’s operating results, including significant segment expenses.
Three Months EndedNine Months Ended
October 31, 2025November 1, 2024October 31, 2025November 1, 2024
(In millions, except percentage data)Amount% SalesAmount% SalesAmount% SalesAmount% Sales
Net sales$20,813 100.00%$20,170 100.00%$65,701 100.00%$65,120 100.00%
Less:
Cost of sales13,697 65.8113,374 66.3143,497 66.2043,340 66.55
Selling, general and administrative:
Employee compensation and benefits2,802 13.462,634 13.068,450 12.868,198 12.59
Occupancy and facility costs487 2.34487 2.421,428 2.171,417 2.18
Advertising236 1.13212 1.05684 1.04650 1.00
Other SG&A items1
635 3.06494 2.441,819 2.781,595 2.45
Depreciation and amortization475 2.28433 2.151,378 2.101,284 1.97
Interest – net352 1.69317 1.571,002 1.52985 1.51
Income tax provision513 2.46524 2.591,789 2.721,818 2.79
Net earnings$1,616 7.77%$1,695 8.41%$5,654 8.61%$5,833 8.96 %
1    Other SG&A items primarily include financial services costs, technology service costs, insurance costs, impairment costs, and store environment initiative and display costs.