v3.26.1
Employee Benefit Plan, Master Trust - EBP 001 [Member]
 12 Months Ended
Dec. 31, 2025
EBP, Master Trust [Line Items]  
EBP, Master Trust INVESTMENT IN MASTER TRUST
The assets of the Plan are 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 approximately 96%, with The Home Depot FutureBuilder for Puerto Rico and the HD Supply 401(k) Retirement Plans holding the remaining interest. The Home Depot FutureBuilder for Puerto Rico and the HD Supply 401(k) Retirement Plans are defined contribution retirement plans covering substantially all associates of Home Depot Puerto Rico, Inc. 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 millions
December 31, 2025December 31, 2024December 31, 2025December 31, 2024
Assets:
Investments at fair value:
Cash and cash equivalents$54 $60 $53 $57 
Equities2,876 3,105 2,858 3,091 
Collective trust funds10,766 9,201 10,085 8,656 
Registered investment funds1,245 1,014 1,235 1,009 
Brokerage window460 394 456 391 
Total investments at fair value15,401 13,774 14,687 13,204 
Fully benefit-responsive investment at contract value777 759 764 749 
Total assets16,178 14,533 15,451 13,953 
Liabilities:
Accrued liabilities— 1 — — 
Total liabilities— 1 — — 
Net assets$16,178 $14,532 $15,451 $13,953 
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 millions
December 31, 2025December 31, 2025
Investment income:
Net appreciation in fair value of investments
$1,862 $1,756 
Dividends and interest income53 52 
Total investment income
$1,915 $1,808 
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 millions
Level 1Level 2Total
Cash and cash equivalents$54 $— $54 
Equities2,876 — 2,876 
Collective trust funds— 10,766 10,766 
Registered investment funds1,245 — 1,245 
Brokerage window460 — 460 
Total investments at fair value$4,635 $10,766 $15,401 
Investments at Fair Value as of December 31, 2024
in millions
Level 1Level 2Total
Cash and cash equivalents$60 $— $60 
Equities3,105 — 3,105 
Collective trust funds— 9,201 9,201 
Registered investment funds1,014 — 1,014 
Brokerage window394 — 394 
Total investments at fair value$4,573 $9,201 $13,774 
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 millions
Level 1Level 2Total
Cash and cash equivalents$54 $— $54 
Equities2,876 — 2,876 
Collective trust funds— 10,766 10,766 
Registered investment funds1,245 — 1,245 
Brokerage window460 — 460 
Total investments at fair value$4,635 $10,766 $15,401 
Investments at Fair Value as of December 31, 2024
in millions
Level 1Level 2Total
Cash and cash equivalents$60 $— $60 
Equities3,105 — 3,105 
Collective trust funds— 9,201 9,201 
Registered investment funds1,014 — 1,014 
Brokerage window394 — 394 
Total investments at fair value$4,573 $9,201 $13,774