v3.26.1
Employee Benefit Plan, Master Trust - EBP 002
 12 Months Ended
Dec. 31, 2025
EBP, Master Trust [Line Items]  
Investment in Master Trust INVESTMENT IN MASTER TRUST
The assets of the Plan are held in a Puerto Rico trust, which is invested in a Master Trust administered by The Northern Trust Company. At both December 31, 2025 and December 31, 2024, the Plan's interest in the net assets of the Master Trust was less than 1%, with The Home Depot FutureBuilder and the HD Supply Holdings, Inc. and its subsidiaries (collectively “HD Supply”) 401(k) Retirement Plans holding the remaining interest. The Home Depot FutureBuilder and the HD Supply 401(k) Retirement Plans are defined contribution retirement plans covering substantially all U.S. associates of the Parent Company and HD Supply, respectively. Net assets, investment income, and administrative expenses related to the Master Trust are allocated to the individual plans based upon actual activity for each of the plans.
The net assets of the Master Trust and the Plan's respective interest in the Master Trust are as follows:
Master TrustPlan's Interest in Master Trust
in thousandsDecember 31, 2025December 31, 2024December 31, 2025December 31, 2024
Assets:
Investments at fair value:
Cash and cash equivalents$54,063 $59,712 $105 $33 
Equities2,875,954 3,105,335 2,140 2,275 
Collective trust funds10,765,933 9,201,146 35,112 27,831 
Registered investment funds1,244,628 1,014,249 1,197 928 
Brokerage window460,347 393,713 — — 
Total investments at fair value15,400,925 13,774,155 38,554 31,067 
Fully benefit-responsive investment at contract value776,605 758,680 4,873 4,093 
Receivables:
Other receivables196 252 — — 
Total receivables196 252 — — 
Total assets16,177,726 14,533,087 43,427 35,160 
Liabilities:
Accrued liabilities25 609 — 587 
Total liabilities25 609 — 587 
Net assets$16,177,701 $14,532,478 $43,427 $34,573 
Investment income for the Master Trust and the Plan's respective interest in the Master Trust are as follows:
Master TrustPlan's Interest in Master Trust
Year EndedYear Ended
in thousandsDecember 31, 2025December 31, 2025
Investment income:
Net appreciation in fair value of investments
$1,861,692 $5,615 
Dividends and interest income52,844 40 
Total investment income
$1,914,536 $5,655 
The Master Trust's investments that are measured at fair value on a recurring basis, and their level within the fair value hierarchy, are shown in the following tables. Investments are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. 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.
Investments at Fair Value as of December 31, 2025
in thousandsLevel 1Level 2Total
Cash and cash equivalents$54,063 $— $54,063 
Equities2,875,954 — 2,875,954 
Collective trust funds— 10,765,933 10,765,933 
Registered investment funds1,244,628 — 1,244,628 
Brokerage window460,347 — 460,347 
Total investments at fair value$4,634,992 $10,765,933 $15,400,925 
Investments at Fair Value as of December 31, 2024
in thousandsLevel 1Level 2Total
Cash and cash equivalents$59,712 $— $59,712 
Equities3,105,335 — 3,105,335 
Collective trust funds— 9,201,146 9,201,146 
Registered investment funds1,014,249 — 1,014,249 
Brokerage window393,713 — 393,713 
Total investments at fair value$4,573,009 $9,201,146 $13,774,155 
EBP, Investment, Fair Value and NAV
The Master Trust's investments that are measured at fair value on a recurring basis, and their level within the fair value hierarchy, are shown in the following tables. Investments are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. 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.
Investments at Fair Value as of December 31, 2025
in thousandsLevel 1Level 2Total
Cash and cash equivalents$54,063 $— $54,063 
Equities2,875,954 — 2,875,954 
Collective trust funds— 10,765,933 10,765,933 
Registered investment funds1,244,628 — 1,244,628 
Brokerage window460,347 — 460,347 
Total investments at fair value$4,634,992 $10,765,933 $15,400,925 
Investments at Fair Value as of December 31, 2024
in thousandsLevel 1Level 2Total
Cash and cash equivalents$59,712 $— $59,712 
Equities3,105,335 — 3,105,335 
Collective trust funds— 9,201,146 9,201,146 
Registered investment funds1,014,249 — 1,014,249 
Brokerage window393,713 — 393,713 
Total investments at fair value$4,573,009 $9,201,146 $13,774,155