Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name HOME DEPOT INC
CIK 0000354950
Accession number 0000354950-14-000008
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/354950/000035495014000008/hd-20140202.xml
Fiscal year end --02-02
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2014-02-02
Current year-to-date income statement start date 2013-02-04
Commentary Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of February 2, 2014 and February 3, 2013 were as follows (amounts in millions):
 
 
February 2,
2014
 
February 3,
2013
Assets:
 
 
 
Deferred compensation
$
252

 
$
265

Accrued self-insurance liabilities
447

 
459

State income taxes
117

 
97

Non-deductible reserves
275

 
285

Capital loss carryover
104

 
104

Net operating losses
66

 
71

Impairment of investment
120

 
120

Other
281

 
174

Total Deferred Tax Assets
1,662

 
1,575

Valuation Allowance
(26
)
 
(27
)
Total Deferred Tax Assets after Valuation Allowance
1,636

 
1,548

 
 
 
 
Liabilities:
 
 
 
Inventory
(97
)
 
(92
)
Property and equipment
(1,236
)
 
(1,194
)
Goodwill and other intangibles
(150
)
 
(112
)
Other
(138
)
 
(128
)
Total Deferred Tax Liabilities
(1,621
)
 
(1,526
)
Net Deferred Tax Assets
$
15

 
$
22

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 1,662,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance -26,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 1,636,000,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities -1,621,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net 15,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 0
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent -514,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net 15,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 1,636,000,000
Deferred tax liabilities, net -1,621,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net 15,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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