Home Depot 2010 Annual Report Download - page 57

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The approximate future minimum lease payments under capital and all other leases at January 30, 2011 were as
follows (amounts in millions):
Fiscal Year Capital
Leases Operating
Leases
2011 $ 114 $ 783
2012 96 699
2013 96 639
2014 92 582
2015 87 543
Thereafter through 2097 774 4,935
1,259 $8,181
Less imputed interest 807
Net present value of capital lease obligations 452
Less current installments 41
Long-term capital lease obligations, excluding current installments $ 411
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 $336 million and $299 million at
January 30, 2011 and January 31, 2010, 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 $171 million, $161 million and
$158 million for fiscal 2010, 2009 and 2008, respectively. At January 30, 2011, the Benefit Plans and the
restoration plan held a total of 16 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 2010, 2009 and 2008 was as
follows (amounts in millions):
Fiscal Year Ended
January 30,
2011 January 31,
2010 February 1,
2009
Weighted average common shares 1,648 1,683 1,682
Effect of potentially dilutive securities:
Stock Plans 10 94
Diluted weighted average common shares 1,658 1,692 1,686
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