v3.26.1
SEGMENT REPORTING AND NET SALES (Tables)
 6 Months Ended
Aug. 02, 2026
Segment Reporting [Abstract]  
Segment Reporting
The following table presents net sales, significant expenses, and operating income for our Primary segment:
Three Months EndedSix Months Ended
in millionsAugust 2,
2026		August 3,
2025		August 2,
2026		August 3,
2025
Net sales
$42,806 $42,157 $80,569 $79,444 
Cost of sales
27,750 27,728 52,495 52,112 
Selling, general and administrative
7,766 7,375 15,124 14,539 
Depreciation and amortization
698 700 1,393 1,393 
Operating income
$6,592 $6,354 $11,557 $11,400 
The following tables present a reconciliation of certain segment information to our consolidated totals:
Three Months EndedSix Months Ended
August 2, 2026August 2, 2026
in millions
Primary
Other (1)
Consolidated
Primary
Other (1)
Consolidated
Net sales
$42,806 $5,055 $47,861 $80,569 $9,057 $89,626 
Operating income
6,592 247 6,839 11,557 263 11,820 
Interest income and other, net
(59)(66)
Interest expense
583 1,194 
Earnings before provision for income taxes
$6,315 $10,692 
Depreciation and amortization (2)
$859 $236 $1,095 $1,699 $462 $2,161 
—————    
(1)    Net sales presented in Other relate to the sale of products within our SRS non-reportable operating segments, including the HVAC products operating segment beginning in the second quarter of fiscal 2026 upon the acquisition of Mingledorff’s, as well as the interior and construction products operating segment beginning in the third quarter of fiscal 2025 upon the acquisition of GMS. Operating income presented in Other includes cost of sales and operating expenses totaling $4.8 billion and $8.8 billion for the three and six months ended August 2, 2026, respectively, within these SRS non-reportable operating segments.
(2)    Includes depreciation and finance lease amortization in cost of sales. Also includes intangible asset amortization expense of $53 million and $105 million for the three and six months ended August 2, 2026, respectively, in our Primary segment, and intangible asset amortization expense of $125 million and $244 million for the three and six months ended August 2, 2026, respectively, in Other.
Three Months EndedSix Months Ended
August 3, 2025August 3, 2025
in millions
Primary
Other (1)
Consolidated
Primary
Other (1)
Consolidated
Net sales
$42,157 $3,120 $45,277 $79,444 $5,689 $85,133 
Operating income
6,354 201 6,555 11,400 288 11,688 
Interest income and other, net
(25)(49)
Interest expense
575 1,190 
Earnings before provision for income taxes
$6,005 $10,547 
Depreciation and amortization (2)
$838 $150 $988 $1,669 $297 $1,966 
—————    
(1)    Net sales presented in Other relate to the sale of products within our SRS non-reportable operating segments. Operating income presented in Other includes cost of sales and operating expenses totaling $2.9 billion and $5.4 billion for the three and six months ended August 3, 2025, respectively, within these SRS non-reportable operating segments.
(2)    Includes depreciation and finance lease amortization in cost of sales. Also includes intangible asset amortization expense of $52 million and $104 million for the three and six months ended August 3, 2025, respectively, in our Primary segment, and intangible asset amortization expense of $87 million and $174 million for the three and six months ended August 3, 2025, respectively, in Other.
Schedule 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 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
Schedule of Net Sales by Products and Services
The following table presents net sales by major product line (and related services) within our Primary segment, as well as Other net sales:
Three Months EndedSix Months Ended
in millionsAugust 2,
2026		August 3,
2025		August 2,
2026		August 3,
2025
Building Materials$14,432 $14,225 $27,403 $27,197 
Décor13,929 13,805 26,534 26,250 
Hardlines14,445 14,127 26,632 25,997 
Primary segment net sales
42,806 42,157 80,569 79,444 
Other net sales (1)
5,055 3,120 9,057 5,689 
Net sales
$47,861 $45,277 $89,626 $85,133 
—————
Note: Certain product category changes within our Primary segment in the current year have resulted in prior year amounts being reclassified to conform with the current-year presentation. These changes had no impact on consolidated net sales.
(1)    Other net sales relate to the sale of products within our SRS non-reportable operating segments. Roofing and related products accounted for approximately 39% of Other net sales for both the three and six months ended August 2, 2026, and approximately 62% and 63% for the three and six months ended August 3, 2025, respectively.
The following table presents net sales by products and services:
Three Months EndedSix Months Ended
in millionsAugust 2,
2026		August 3,
2025		August 2,
2026		August 3,
2025
Net sales – products
$46,300 $43,725 $86,736 $82,237 
Net sales – services
1,561 1,552 2,890 2,896 
Net sales
$47,861 $45,277 $89,626 $85,133 
Schedule of Net Sales, Classified by Geography
The following table presents net sales, classified by geography:
Three Months EndedSix Months Ended
in millionsAugust 2,
2026		August 3,
2025		August 2,
2026		August 3,
2025
Net sales – in the U.S.
$43,907 $41,729 $82,640 $78,953 
Net sales – outside the U.S.
3,954 3,548 6,986 6,180 
Net sales
$47,861 $45,277 $89,626 $85,133