Home Depot 2009 Annual Report Download - page 57

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The approximate future minimum lease payments under capital and all other leases at January 31, 2010 were as
follows (in millions):
Fiscal Year Capital
Leases Operating
Leases
2010 $ 90 $ 802
2011 90 717
2012 90 640
2013 89 584
2014 88 535
Thereafter through 2097 795 5,258
1,242 $8,536
Less imputed interest 834
Net present value of capital lease obligations 408
Less current installments 19
Long-term capital lease obligations, excluding current installments $ 389
Short-term and long-term obligations for capital leases are included in the accompanying Consolidated Balance
Sheets in Current Installments of Long-Term Debt and Long-Term Debt, respectively. The assets under capital
leases recorded in Property and Equipment, net of amortization, totaled $299 million and $309 million at
January 31, 2010 and February 1, 2009, respectively.
9. EMPLOYEE BENEFIT PLANS
The Company maintains active defined contribution retirement plans for its employees (the “Benefit Plans”).
All associates satisfying certain service requirements are eligible to participate in the Benefit Plans. The
Company makes cash contributions each payroll period up to specified percentages of associates’ contributions
as approved by the Board of Directors.
The Company also maintains a restoration plan to provide certain associates deferred compensation that they
would have received under the Benefit Plans as a matching contribution if not for the maximum compensation
limits under the Internal Revenue Code. The Company funds the restoration plan through contributions made to
a grantor trust, which are then used to purchase shares of the Company’s common stock in the open market.
The Company’s contributions to the Benefit Plans and the restoration plan were $161 million, $158 million and
$152 million for fiscal 2009, 2008 and 2007, respectively. At January 31, 2010, the Benefit Plans and the
restoration plan held a total of 18 million shares of the Company’s common stock in trust for plan participants.
10. BASIC AND DILUTED WEIGHTED AVERAGE COMMON SHARES
The reconciliation of basic to diluted weighted average common shares for fiscal 2009, 2008 and 2007 is as
follows (amounts in millions):
Fiscal Year Ended
January 31,
2010 February 1,
2009 February 3,
2008
Weighted average common shares 1,683 1,682 1,849
Effect of potentially dilutive securities:
Stock Plans 947
Diluted weighted average common shares 1,692 1,686 1,856
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