Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 31, 2016

Accounting Policies [Abstract]

Property and Equipment Useful Lives

The Company’s Property and Equipment is depreciated using the following estimated useful lives:

	Life
Buildings	5 – 45 years
Furniture, Fixtures and Equipment	2 – 20 years
Leasehold Improvements	5 – 45 years

Fair Value of Options Determined at Date of Grant

The fair value of these options was determined at the date of grant using the Black-Scholes option-pricing model with the following assumptions:

	Fiscal Year Ended
	January 31, 2016		February 1, 2015		February 2, 2014
Risk-free interest rate	1.4	%	1.7	%	0.8	%
Assumed volatility	20.8	%	22.7	%	26.3	%
Assumed dividend yield	2.0	%	2.3	%	2.2	%
Assumed lives of options	5 years		5 years		5 years

Net Sales by Product Category

The following table presents the Net Sales of each major product category (and related services) for each of the last three fiscal years (dollar amounts in millions):

Product Category	Fiscal Year Ended
	January 31, 2016				February 1, 2015				February 2, 2014
	Net Sales		% of Net Sales		Net Sales		% of Net Sales		Net Sales		% of Net Sales
Indoor Garden	$	8,298	9.4	%	$	7,560	9.1	%	$	7,022	8.9	%
Paint	7,465		8.4		7,299		8.8		7,018		8.9
Kitchen and Bath	6,874		7.8		6,607		7.9		6,301		8.0
Outdoor Garden	6,565		7.4		6,385		7.7		6,140		7.8
Appliances	6,534		7.4		5,708		6.9		5,382		6.8
Building Materials	6,396		7.2		6,054		7.3		5,728		7.3
Plumbing	6,346		7.2		5,740		6.9		5,435		6.9
Lumber	6,278		7.1		6,050		7.3		5,820		7.4
Flooring	6,194		7.0		5,987		7.2		5,721		7.3
Tools	6,060		6.8		5,388		6.5		5,038		6.4
Electrical	5,833		6.6		5,653		6.8		5,378		6.8
Hardware	5,296		6.0		4,975		6.0		4,718		6.0
Millwork	4,924		5.6		4,694		5.6		4,389		5.6
Décor	2,757		3.1		2,577		3.1		2,343		3.0
Lighting	2,699		3.0		2,499		3.0		2,379		3.0
Total	$	88,519	100.0	%	$	83,176	100.0	%	$	78,812	100.0	%

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