Home Depot 2007 Annual Report Download

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OUR APRONS, YOUR STORE
2007 Annual Report

Table of contents

  • Page 1
    OUR APRONS, YOUR STORE 2007 Annual Report

  • Page 2
    TABLE OF CONTENTS 03 04 07 09 Performance Summary Letter to Shareholders Our Associates Your Store 10 Our Communities 11 Form 10-K 12 Board of Directors & Senior Leadership Team 02 THE HOME DEPOT

  • Page 3
    PERFORMANCE SUMMARY Net Sales* (in billions) 2005 2006 2007 (in billions) Net Earnings* (diluted) Earnings Per Share* Total Assets (in billions) (in billions) Total Liabilities (in billions) Stockholders' Equity Store Count $ 77.0 $ 79.0 $ 77.3 $ 5.6 $ 5.3 $ 4.2 $ 2.63 $ 2.55 $ 2.27 $ ...

  • Page 4
    ... in Mexico had double digit positive comps for the year. Our stores in canada posted positive comps. in china, once we launched our Home Depot brand in August 2007, our stores posted positive comps. Our international stores contributed almost 10 percent of sales and 12 percent of operating profit in...

  • Page 5
    ... our people, improve our stores, bring great products at great value to our customers, drive a high return on invested capital, and return excess cash to our shareholders. For 2008, we are expecting a year every bit as challenging as 2007. We plan on opening fewer stores than has been our historical...

  • Page 6
    "My goal is to treat every customer the same. The way I see it, I should be earning a Homer Badge from every customer." - Donald Jackson, 8 years 06 THE HOME DEPOT

  • Page 7
    ... customer service. We also awarded restricted stock for assistant store managers - roughly 10,000 associates - in order to give them a greater sense of ownership in their store and its success. Finally, we changed the threshold for Success Sharing, an incentive program for our hourly associates...

  • Page 8
    Our exclusive Home Hero fire extinguisher won a Gold 2007 International Design Excellence Award. 08 THE HOME DEPOT

  • Page 9
    ... the shopping experience for our customers by providing the best products at a great value in a fun and easy to shop environment. At your Home Depot store, we share our knowledge through free in-store clinics to help you complete your projects and improve the look of your home. 2007 ANNUAL REPORT...

  • Page 10
    ... value of our company and a passion of our associates. Our associates gave their time and talents by volunteering over 530,000 hours in 2007 through our Team Depot program. Together with our nonprofit partner, KaBOOM!, we reached our goal of completing 1,000 playground projects in 1,000 days...

  • Page 11
    ... 10-K (Annual Report) Filed 04/03/08 for the Period Ending 02/03/08 Address Telephone CIK Symbol SIC Code Industry Sector Fiscal Year 2455 PACES FERRY ROAD ATLANTA, GA 30339-4024 770-433-82 0000354950 HD 5211 - Lumber and Other Building Materials Dealers Retail (Home Improvement) Technology 01/28...

  • Page 12
    ...GEORGIA 30339 (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (770) 433-8211 SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: TITLE OF EACH CLASS NAME OF EACH EXCHANGE ON WHICH REGISTERED Common Stock, $0.05 Par Value Per Share New...

  • Page 13
    ... reporting company) Smaller Reporting Company 3 Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes 3 No 1 The aggregate market value of the common stock of the Registrant held by non-affiliates of the Registrant on July 29, 2007...

  • Page 14
    ..., Executive Officers and Corporate Governance Executive Compensation Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters Certain Relationships and Related Transactions, and Director Independence Principal Accounting Fees and Services 61 61 61 61 61 Market...

  • Page 15
    ... fiscal 2007, we had 2,193 The Home Depot stores located throughout the U.S. (including the territories of Puerto Rico, the Virgin Islands and Guam), Canada, China and Mexico. In addition, at the end of fiscal 2007, the Company operated 34 EXPO Design Center stores, two THD Design Center stores and...

  • Page 16
    The Home Depot, Inc. is a Delaware corporation that was incorporated in 1978. Our Store Support Center (corporate office) is located at 2455 Paces Ferry Road, N.W., Atlanta, Georgia 30339. Our telephone number is (770) 433-8211. We maintain an Internet website at www.homedepot.com. We make available...

  • Page 17
    ... to The Home Depot. From our Store Support Center we maintain a global sourcing merchandise program to source high-quality products directly from manufacturers around the world. Our Product Development Merchants travel internationally in order to identify and purchase market leading innovative...

  • Page 18
    ...deployed in Canada in 2008. Credit Services. We offer six credit programs through third-party credit providers to professional, D-I-Y and D-I-F-M customers. In fiscal 2007, approximately 4.3 million new The Home Depot credit accounts were opened, and the total number of The Home Depot active account...

  • Page 19
    ... centers located in the U.S., Canada and Mexico. At the end of fiscal 2007, we also operated eight transit facilities in the U.S. and Mexico to receive and consolidate store merchandise orders from suppliers for delivery to our stores. In fiscal 2007, approximately 20% of the merchandise shipped...

  • Page 20
    ... business is highly competitive, based in part on price, store location, customer service and assortment of merchandise. In each of the markets we serve, there are a number of other home improvement stores, electrical, plumbing and building materials supply houses and lumber yards. With respect to...

  • Page 21
    ... existing markets and enter new markets. Our ability to open new stores will depend primarily on our ability to identify attractive locations, negotiate leases or real estate purchase agreements on acceptable terms, attract and train qualified employees, and manage pre-opening expenses, including...

  • Page 22
    ... not be successful in expanding our international operations. Our strategy includes expansion of our operations in international markets by selective acquisitions, strategic alliances and the opening of new stores. Our ability to successfully execute our strategy in international markets is affected...

  • Page 23
    ...our market share. We operate in markets that are highly competitive. We compete principally based on price, store location, customer service and assortment of merchandise. In each market we serve, there are a number of other home improvement stores, electrical, plumbing and building materials supply...

  • Page 24
    ... Florida Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico...

  • Page 25
    ... of fiscal 2007, we had 41 other retail store locations, which included 34 EXPO Design Center stores located in Arizona, California, Florida, Georgia, Illinois, Maryland, Massachusetts, Missouri, New Jersey, New York, Tennessee, Texas and Virginia, five Yardbirds stores located in California and two...

  • Page 26
    ... executive, corporate staff, divisional staff and financial offices occupy approximately 2.0 million square feet of leased and owned space in Atlanta, Georgia. At the end of fiscal 2007, we occupied an aggregate of approximately 3.7 million square feet, of which approximately 2.3 million square feet...

  • Page 27
    ...'s current and former directors and employees in federal court in Brooklyn, New York alleging breach of fiduciary duty in violation of the Employee Retirement Income Security Act of 1974 in connection with the Company's return-to-vendor and stock option practices. These actions were transferred to...

  • Page 28
    ... against certain current and former officers and directors in the Superior Court of Fulton County, Georgia, alleging breach of fiduciary duty, abuse of control, gross mismanagement, waste of corporate assets, and unjust enrichment in connection with the Company's return-to-vendor, stock option, and...

  • Page 29
    ... Chief Executive Officer of Delta Technology, Inc. and Chief Information Officer for Delta Air Lines, Inc., an international airline company, from September 1999 until February 2002. From February 1995 to September 1999, he served as Senior Technology Officer at Citibank, a global financial services...

  • Page 30
    ...President and Chief Executive Officer of Total Home. CAROL B. TOMÉ, age 51, has been Chief Financial Officer since May 2001 and Executive Vice President - Corporate Services since January 2007. Prior thereto, Ms. Tomé served as Senior Vice President - Finance and Accounting/Treasurer from February...

  • Page 31
    PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. Since April 19, 1984, our common stock has been listed on the New York Stock Exchange, trading under the symbol "HD." The Company paid its first cash dividend on June 22, ...

  • Page 32
    ... five-year period commencing February 3, 2003, the first trading day of fiscal 2003, and ending February 1, 2008, the last trading day of fiscal 2007. The graph assumes $100 invested at the closing price of the Company's common stock on the New York Stock Exchange and each index on January 31, 2003...

  • Page 33
    ... the Company has repurchased shares of its common stock having a value of approximately $27.2 billion pursuant to its share repurchase program. The number and average price of shares purchased in each fiscal month of the fourth quarter of fiscal 2007 are set forth in the table below: Total Number of...

  • Page 34
    ... existing product in order to make room for new merchandise as we launched our enhanced product line review process and in support of merchandising reset activities. We gained market share in paint, appliances and power tools in fiscal 2007 through the addition of new styles and color choices and by...

  • Page 35
    ... of The Home Depot for the benefit of our pro customers. Our direct ship program allows us to have large orders delivered from our vendors to the customer's job site directly, reducing handling, lead-time and cost while building loyalty with the pro customer. We opened 110 new stores in fiscal 2007...

  • Page 36
    ... 53 rd week of fiscal 2007 increased customer transactions by 20 million and negatively impacted average ticket by $0.05. Includes Net Sales at locations open greater than 12 months, including relocated and remodeled stores. Retail stores become comparable on the Monday following their 365 th day of...

  • Page 37
    ... deferred interest costs associated with our private label credit card financing programs provided a benefit of 39 basis points to Gross Profit as a percent of Net Sales for fiscal 2007. Through our private label credit card, we offer no interest/no payment programs. The cost of deferred interest...

  • Page 38
    .... We account for profit sharing as a reduction in operating expense. We also recognized $88 million of write-offs associated with certain future store locations that we determined we will not open and $34 million of expense associated with closing our 11 Home Depot Landscape Supply stores and our...

  • Page 39
    ...common stock for a total of $27.2 billion. As of February 3, 2008, we had $12.8 billion remaining under our authorized share repurchase program. Discontinued Operations Discontinued operations consist of the results of operations through August 30, 2007 and a loss on the sale of HD Supply. Net Sales...

  • Page 40
    ... of stock compensation expense related to the continued vesting of options granted prior to fiscal 2003. Partially offsetting the increase in SG&A was $91 million of impairment charges and expense related to lease obligations associated with the closing of 20 EXPO Design Center stores in fiscal...

  • Page 41
    ... our tender offer, along with $8.9 billion less in Proceeds from Borrowings of Long-Term Debt in fiscal 2007. On June 18, 2007, the Board of Directors authorized a recapitalization of the Company, including an additional $22.5 billion in common stock repurchases. We closed the sale of HD Supply on...

  • Page 42
    ...software acquisition and license commitments and legally binding service contracts. Purchase orders that are not binding agreements are excluded from the table above. Excludes $602 million of noncurrent unrecognized tax benefits due to uncertainty regarding the timing of future cash payments related...

  • Page 43
    ...the redemption of gift cards in Net Sales. Merchandise Inventories Our Merchandise Inventories are stated at the lower of cost (first-in, first-out) or market, with approximately 89% valued under the retail inventory method and the remainder under the cost method. Retailers like The Home Depot, with...

  • Page 44
    ...When a location closes, we also recognize in SG&A the net present value of future lease obligations, less estimated sublease income. In fiscal 2005, we recorded $91 million in SG&A related to asset impairment charges and on-going lease obligations associated with closing 20 EXPO Design Center stores...

  • Page 45
    ... be effective for The Home Depot in fiscal 2008. Implementation of SFAS 157 as it relates to the fair value measurements of nonfinancial assets and nonfinancial liabilities, except for items that are recognized or disclosed at fair value in an entity's financial statements on a recurring basis, has...

  • Page 46
    Item 8. Financial Statements and Supplementary Data. Management's Responsibility for Financial Statements The financial statements presented in this Annual Report have been prepared with integrity and objectivity and are the responsibility of the management of The Home Depot, Inc. These financial ...

  • Page 47
    ... of the Public Company Accounting Oversight Board (United States), the Consolidated Balance Sheets of The Home Depot, Inc. and subsidiaries as of February 3, 2008 and January 28, 2007, and the related Consolidated Statements of Earnings, Stockholders' Equity and Comprehensive Income, and Cash Flows...

  • Page 48
    ... the Current Year Financial Statements . We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), The Home Depot, Inc.'s internal control over financial reporting as of February 3, 2008, based on criteria established in Internal Control...

  • Page 49
    THE HOME DEPOT, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS Fiscal Year Ended (1) February 3, 2008 amounts in millions, except per share data January 28, 2007 January 29, 2006 NET SALES Cost of Sales $ 77,349 51,352 25,997 17,053 1,702 18,755 7,242 (74) 696 622 6,620 2,410 4,210 185...

  • Page 50
    ... HOME DEPOT, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS February 3, 2008 amounts in millions, except share and per share data January 28, 2007 ASSETS Current Assets: Cash and Cash Equivalents Short-Term Investments Receivables, net Merchandise Inventories Other Current Assets Total Current...

  • Page 51
    Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ 17,714 44,324 $ 25,030 52,263 See accompanying Notes to Consolidated Financial Statements. 35

  • Page 52
    ... 28, 2007 Cumulative Effect of the Adoption of FIN 48 Net Earnings Shares Issued Under Employee Stock Plans Tax Effect of Sale of Option Shares by Employees Translation Adjustments Cash Flow Hedges Stock Options, Awards and Amortization of Restricted Stock Repurchase of Common Stock Retirement of...

  • Page 53
    THE HOME DEPOT, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS Fiscal Year Ended (1) February 3, 2008 amounts in millions January 28, 2007 January 29, 2006 CASH FLOWS FROM OPERATING ACTIVITIES: Net Earnings Reconciliation of Net Earnings to Net Cash Provided by Operating Activities: ...

  • Page 54
    See accompanying Notes to Consolidated Financial Statements. 37

  • Page 55
    ... Company operates EXPO Design Center stores ("EXPO"), which offer products and services primarily related to design and renovation projects. At the end of fiscal 2007, the Company was operating 2,234 stores in total, which included 1,950 The Home Depot stores, 34 EXPO stores, five Yardbirds stores...

  • Page 56
    Accounts Receivable The Company has an agreement with a third-party service provider who directly extends credit to customers, manages the Company's private label credit card program and owns the related receivables. We evaluated the third-party entities holding the receivables under the program and...

  • Page 57
    ... Buildings Furniture, Fixtures and Equipment Leasehold Improvements Capitalized Software Costs 10-45 years 3-20 years 5-45 years The Company capitalizes certain costs related to the acquisition and development of software and amortizes these costs using the straight-line method over the estimated...

  • Page 58
    ...services performed, the cost of transportation of merchandise from vendors to the Company's stores, locations or customers, the operating cost of the Company's sourcing and distribution network and the cost of deferred interest programs offered through the Company's private label credit card program...

  • Page 59
    ... granted, modified or settled and expense related to the Employee Stock Purchase Plan ("ESPP") after the beginning of fiscal 2003. Effective January 30, 2006, the Company adopted the fair value recognition provisions of SFAS No. 123(R), "Share-Based Payment" ("SFAS 123(R)"), using the modified...

  • Page 60
    ... per Share as if the Company had applied the fair value recognition provisions of SFAS 123(R) to all stock-based compensation in each period (amounts in millions, except per share data): Fiscal Year Ended February 3, 2008 January 28, 2007 January 29, 2006 Net Earnings, as reported Add: Stock-based...

  • Page 61
    ... in the event of non-payment by HD Supply. The guaranteed loan is collateralized by certain assets of HD Supply. In accordance with Statement of Financial Accounting Standards No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets" ("SFAS 144"), the Company reclassified the results...

  • Page 62
    ... left the Company, generally followed a practice of reviewing closing prices for a prior period and selecting a date with a low stock price to increase the value of the options to employees on lists of grantees subsequently approved by a committee of the Board of Directors. The annual option grants...

  • Page 63
    ... of the Board of Directors. Finally, the Company's stock administration department also retroactively added employees to lists of approved grantees, or changed the number of options granted to specific employees, without authorization of the Board of Directors or a board committee, to correct...

  • Page 64
    .... Short-Term Debt under the commercial paper program was as follows (dollars in millions): February 3, 2008 January 28, 2007 Balance outstanding at fiscal year-end Maximum amount outstanding at any month-end Average daily short-term borrowings Weighted average interest rate 47 $ $ $ 1,747...

  • Page 65
    ..., the Company's common stock repurchases, to repay outstanding commercial paper and for general corporate purposes. The $49 million discount and $37 million of issuance costs associated with the December 2006 Issuance are being amortized to interest expense over the term of the related Senior Notes...

  • Page 66
    ... costs associated with the March 2006 Issuance are being amortized to interest expense over the term of the related Senior Notes. Additionally in March 2006, the Company entered into a forward starting interest rate swap agreement with a notional amount of $2.0 billion, accounted for as a cash...

  • Page 67
    ... years was as follows (amounts in millions): Fiscal Year Ended February 3, 2008 January 28, 2007 January 29, 2006 Income taxes at federal statutory rate State income taxes, net of federal income tax benefit Other, net Total $ 2,317 196 (103) $ 2,976 234 26 $ 3,138 249 (61) $ 2,410 $ 3,236...

  • Page 68
    ... tax liabilities are netted by tax jurisdiction, and are included in the accompanying Consolidated Balance Sheets as follows (amounts in millions): February 3, 2008 January 28, 2007 Other Current Assets Other Assets Other Accrued Expenses Deferred Income Taxes Net Deferred Tax Liabilities $ 535...

  • Page 69
    ... been provided to reduce the deferred tax asset related to net operating losses to an amount that is more likely than not to be realized. Total valuation allowances at February 3, 2008 were $7 million. As a result of its sale of HD Supply, the Company incurred a tax loss, resulting in a net capital...

  • Page 70
    ...2005 Plan, the "Plans") provide that incentive and non-qualified stock options, stock appreciation rights, restricted shares, performance shares, performance units and deferred shares may be issued to selected associates, officers and directors of the Company. Under the 2005 Plan, the maximum number...

  • Page 71
    ... 128 million shares have been purchased from inception of the plans. The purchase price of shares under the ESPPs is equal to 85% of the stock's fair market value on the last day of the purchase period. During fiscal 2007, there were 3 million shares purchased under the ESPPs at an average price of...

  • Page 72
    The following table summarizes stock options outstanding at February 3, 2008, January 28, 2007 and January 29, 2006, and changes during the fiscal years ended on these dates (shares in thousands): Number of Shares Weighted Average Exercise Price Outstanding at January 30, 2005 Granted Exercised ...

  • Page 73
    ... on the Consolidated Balance Sheets. During fiscal 2007, the liability was reclassified to Current Installments of Long-Term Debt as it is due in fiscal 2008. The Company continues to record the rental payments under the operating lease agreements as SG&A in the Consolidated Statements of Earnings...

  • Page 74
    ...Long-Term Debt, respectively. The assets under capital leases recorded in Property and Equipment, net of amortization, totaled $327 million and $340 million at February 3, 2008 and January 28, 2007, respectively. 9. EMPLOYEE BENEFIT PLANS The Company maintains active defined contribution retirement...

  • Page 75
    ... dilutive securities: Stock Plans Diluted weighted average common shares 1,849 7 1,856 2,054 8 2,062 2,138 9 2,147 Stock plans include shares granted under the Company's employee stock plans as described in Note 7 to the Consolidated Financial Statements. Options to purchase 43.4 million...

  • Page 76
    ... fiscal years ended February 3, 2008 and January 28, 2007 (dollars in millions, except per share data): Basic Earnings per Share from Continuing Operations Diluted Earnings per Share from Continuing Operations Net Sales Gross Profit Earnings from Continuing Operations Fiscal Year Ended February...

  • Page 77
    ...'s Chief Executive Officer and Chief Financial Officer have evaluated the effectiveness of the design and operation of the Company's disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act) as of the end of the period covered by this report...

  • Page 78
    ... the executive officers of the Company which is set forth in Item 4A, is incorporated by reference to the sections entitled "Election of Directors and Director Biographies," "Board of Directors Information," "General" and "Audit Committee Report" in the Company's Proxy Statement for the 2008 Annual...

  • Page 79
    ... previously filed with the Securities and Exchange Commission, as indicated by the references in brackets. All other exhibits are filed herewith. *2.1 Purchase and Sale Agreement, dated as of June 19, 2007, by and between The Home Depot, Inc., THD Holdings, LLC, Home Depot International, Inc...

  • Page 80
    ... Stock Incentive Plan. [ Form 8-K filed on March 27, 2007, Exhibit 10.2 ] Form of Deferred Share Award (U.S. Officers) Pursuant to The Home Depot, Inc. 2005 Omnibus Stock Incentive Plan. [ Form 8-K filed on May 27, 2005, Exhibit 10.3 ] Form of Deferred Share Award (Mexico) Pursuant to The Home Depot...

  • Page 81
    ... Depot Management Incentive Plan. [ Appendix A to Proxy Statement for the Annual Meeting of Shareholders held on May 30, 2003 ] The Home Depot, Inc. Management Incentive Plan Fiscal Year 2007 Performance Measures. [ Form 8-K filed on March 27, 2007, Exhibit 10.11 ] The Home Depot, Inc. Non-Employee...

  • Page 82
    ... 10.13 ] Credit Agreement between The Home Depot, Inc., Lehman Commercial Paper Inc., Merrill Lynch Capital Corporation and certain of their affiliates, dated August 28, 2007. [ Form 8-K filed on August 31, 2007, Exhibit 10.1 ] Statement of Computation of Ratio of Earnings to Fixed Charges. List of...

  • Page 83
    99.1 Press Release of The Home Depot, Inc. dated April 3, 2008. †Management contract or compensatory plan or arrangement required to be filed as an exhibit to this form pursuant to Item 15(a) of this report. 66

  • Page 84
    ..., 2008 Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated. Signature Title Date /s/ FRANCIS S. BLAKE Chairman & CEO (Principal Executive Officer...

  • Page 85
    (Kenneth G. Langone) Director 67 March 19, 2008

  • Page 86
    ... Agreement & Release between Roger W. Adams and The Home Depot, Inc., dated November 25, 2007. Statement of Computation of Ratio of Earnings to Fixed Charges. List of Subsidiaries of the Company. Consent of Independent Registered Public Accounting Firm. Certification of Chief Executive Officer...

  • Page 87
    ... turnover (2) Return on invested capital (%) (2) STATEMENT OF CASH FLOWS DATA Depreciation and amortization Capital expenditures Payments for businesses acquired, net Cash dividends per share ($) STORE DATA Number of stores Square footage at fiscal year-end Increase in square footage (%) Average...

  • Page 88
    ... turnover (2) Return on invested capital (%) (2) STATEMENT OF CASH FLOWS DATA Depreciation and amortization Capital expenditures Payments for businesses acquired, net Cash dividends per share ($) STORE DATA Number of stores Square footage at fiscal year-end Increase in square footage (%) Average...

  • Page 89
    ... any violations by The Home Depot of the NYSE corporate governance listing standards. QUARTERLY STOCK PRICE RANGE KPMG LLP Suite 2000 303 Peachtree Street, NE Atlanta, GA 30308 STOCK EXCHANGE LISTING New York Stock Exchange Trading symbol - HD ANNUAL MEETING The Annual Meeting of Shareholders will...

  • Page 90
    ...Vice President Merchandising Building Materials Marc D. Powers Senior Vice President Operations 2007 ANNUAL REPORT 12 J. Paul Raines Executive Vice President U.S. Stores John Ross Vice President Advertising & Interim Chief Marketing Officer Ricardo Saldívar President The Home Depot Mexico Brad Shaw...

  • Page 91
    Guam United States Mexico Puerto Rico China Canada The Home Depot, Inc. 2455 Paces Ferry Road, NW Atlanta, GA 30339-4024 United States 770.433.8211 The Home Depot, Inc. 2455 Paces Ferry Road, NW Atlanta, GA 30339-4024 United States 770.433.8211 www.homedepot.com www.homedepot.com