This gives international investors the flexibility of betting on Indian markets without having to setup or register the entity with the Indian authorities. As on Saturday, 29 Apr 2023 01:34 AM, India Time. Close. Futures contracts expire on the last Thursday of the expiry month. The minimum price The price settlement price for future contracts of the SGX Nifty is same as the Nifty Futures price for the current month in the Indian stock exchange NSE. (Registrant)By:/s/EDWARD P.DECKEREdward P.Decker,Chair,President and Chief Executive Officer(Principal Executive Officer)/s/RICHARD V.MCPHAILRichard V.McPhail,Executive Vice President and Chief FinancialOfficer(Principal Financial Officer)/s/STEPHEN L.GIBBSStephen L.Gibbs,Vice President,Chief Accounting Officer andCorporate Controller(Principal Accounting Officer)Date:November 21,202223Exhibit 15.1ACKNOWLEDGEMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRMTo the Stockholders and Board of DirectorsThe Home Depot,Inc. Instrument type represents the instrument i.e. 0.10. Singapore is 2:30 hours ahead of India and the SGX Nifty operates from 6:30 am to 11:30 pm, according to Indian time. (1)(1)(2)(2)21Table of ContentsItem 6.Exhibits.Exhibits marked with an asterisk(*)are incorporated by reference to exhibits or appendices previously filed with the SEC,as indicated by thereferences in brackets.All other exhibits are filed or furnished herewith.ExhibitDescription3.1*Amended and Restated Certificate of Incorporation of The Home Depot,Inc.Form 10-Q filed on September 1,2011,Exhibit 3.13.2*By-Laws of The Home Depot,Inc. (Google Cloud is growing the fastest,at 38%,though its revenues are roughly a third ofAWSs. (See Exhibit 2. Web10.2 Listing of Marginable Futures Contracts; 10.3 Contract Specifications. - 4:45a.m. An option is a contract between two parties wherein the buyer receives a privilege for which he pays a fee (premium) and the seller accepts an obligation for which he receives a fee. Pivot Point Calculator | Fibonacci Pivots. After Market Data of NSE,BSE and MSEI in Capital Markets For Trade Date 28-Apr-2023 CategoryDateBuy ValueSell ValueNet Value FII/FPI 28-Apr-2023 13,577.29 The value of the options contracts on individual securities may not be less than Rs. To decide upon the at-the-money strike price, the underlying closing value is rounded off to the nearest strike price interval. Best viewed in Chrome and 1366 X 768 resolution. 5 lakhs at the time of introduction for the first time at any exchange. ;2.Based on my knowledge,this report does not contain any untrue statement of a material fact or omit to state a material fact necessary tomake the statements made,in light of the circumstances under which such statements were made,not misleading with respect to theperiod covered by this report;3.Based on my knowledge,the financial statements,and other financial information included in this report,fairly present in all materialrespects the financial condition,results of operations and cash flows of the registrant as of,and for,the periods presented in this report;4.The registrants other certifying officer(s)and I are responsible for establishing and maintaining disclosure controls and procedures(asdefined in Exchange Act Rules 13a-15(e)and 15d-15(e)and internal control over financial reporting(as defined in Exchange Act Rules13a-15(f)and 15d-15(f)for the registrant and have:a)Designed such disclosure controls and procedures,or caused such disclosure controls and procedures to be designed under oursupervision,to ensure that material information relating to the registrant,including its consolidated subsidiaries,is made known tous by others within those entities,particularly during the period in which this report is being prepared;b)Designed such internal control over financial reporting,or caused such internal control over financial reporting to be designedunder our supervision,to provide reasonable assurance regarding the reliability of financial reporting and the preparation offinancial statements for external purposes in accordance with generally accepted accounting principles;c)Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusionsabout the effectiveness of the disclosure controls and procedures,as of the end of the period covered by this report based onsuch evaluation;andd)Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the registrantsmost recent fiscal quarter(the registrants fourth fiscal quarter in the case of an annual report)that has materially affected,or isreasonably likely to materially affect,the registrants internal control over financial reporting;and5.The registrants other certifying officer(s)and I have disclosed,based on our most recent evaluation of internal control over financialreporting,to the registrants auditors and the audit committee of the registrants board of directors(or persons performing the equivalentfunctions):a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting whichare reasonably likely to adversely affect the registrants ability to record,process,summarize and report financial information;andb)Any fraud,whether or not material,that involves management or other employees who have a significant role in the registrantsinternal control over financial reporting.Date:November 21,2022/s/Richard V.McPhail Richard V.McPhailExecutive Vice President and Chief Financial OfficerExhibit 32.1CERTIFICATION PURSUANT TO18 U.S.C.SECTION 1350AS ADOPTED PURSUANT TOSECTION 906 OF THE SARBANES-OXLEY ACT OF 2002In connection with the Quarterly Report of The Home Depot,Inc. )2455 Paces Ferry RoadAtlanta,Georgia30339(Address of principal executive offices)(Zip Code)(770)433-8211(Registrants telephone number,including area code)Not Applicable(Former name,former address and former fiscal year,if changed since last report)Securities registered pursuant to Section 12(b)of the Act:Title of each classTrading SymbolName of each exchange on which registeredCommon Stock,$0.05 Par Value Per ShareHDNew York Stock ExchangeIndicate by check mark whether the registrant(1)has filed all reports required to be filed by Section 13 or 15(d)of the Securities Exchange Act of 1934 duringthe preceding 12 months(or for such shorter period that the registrant was required to file such reports),and(2)has been subject to such filing requirements forthe past 90 days.Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T(232.405 of this chapter)during the preceding 12 months(or for such shorter period that the registrant was required to submit such files).Yes No Indicate by check mark whether the registrant is a large accelerated filer,an accelerated filer,a non-accelerated filer,a smaller reporting company,or anemerging growth company.See the definitions oflarge accelerated filer,accelerated filer,smaller reporting company,andemerging growth companyinRule 12b-2 of the Exchange Act.Large accelerated filer Accelerated filer Non-accelerated filer Smaller reporting company Emerging growth company If an emerging growth company,indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a)of the Exchange Act.Indicate by check mark whether the registrant is a shell company(as defined in Rule 12b-2 of the Exchange Act).Yes No Indicate the number of shares outstanding of each of the issuers classes of common stock,as of the latest practicable date.1,019,186,022 shares of common stock,$0.05 par value,outstanding as of November 15,2022TABLE OF CONTENTSCommonly Used or Defined TermsiiForward-Looking StatementsiiiPART I FINANCIAL INFORMATION1Item 1.Financial Statements.1Consolidated Balance Sheets1Consolidated Statements of Earnings2Consolidated Statements of Comprehensive Income3Consolidated Statements of Stockholders Equity4Consolidated Statements of Cash Flows5Notes to Consolidated Financial Statements6Note 1.Summary of Significant Accounting Policies6Note 2.Net Sales7Note 3.Property and Leases7Note 4.Debt and Derivative Instruments8Note 5.Stockholders Equity10Note 6.Fair Value Measurements10Note 7.Weighted Average Common Shares11Note 8.Contingencies11Report of Independent Registered Public Accounting Firm12Item 2.Managements Discussion and Analysis of Financial Condition and Results of Operations.13Item 3.Quantitative and Qualitative Disclosures About Market Risk.20Item 4.Controls and Procedures.20PART II OTHER INFORMATION20Item 1A.Risk Factors.20Item 2.Unregistered Sales of Equity Securities and Use of Proceeds.21Item 6.Exhibits.22SIGNATURES23iTable of ContentsCOMMONLY USED OR DEFINED TERMSTermDefinitionASUAccounting Standards UpdateComparable salesAs defined in the Results of Operations section of MD&AExchange ActSecurities Exchange Act of 1934,as amendedFASBFinancial Accounting Standards Boardfiscal 2021Fiscal year ended January 30,2022fiscal 2022Fiscal year ending January 29,2023GAAPU.S.generally accepted accounting principlesMD&AManagements Discussion and Analysis of Financial Condition and Results of OperationsNOPATNet operating profit after taxRestoration PlanHome Depot FutureBuilder Restoration PlanROICReturn on invested capitalSECSecurities and Exchange CommissionSecurities ActSecurities Act of 1933,as amendedSG&ASelling,general and administrative2021 Form 10-KAnnual Report on Form 10-K for fiscal 2021 as filed with the SEC on March 23,2022iiTable of ContentsFORWARD-LOOKING STATEMENTSCertain statements contained herein,as well as in other filings we make with the SEC and other written and oral information we release,regarding our performance or other events or developments in the future constituteforward-looking statementsas defined in the PrivateSecurities Litigation Reform Act of 1995.Forward-looking statements may relate to,among other things,the impact of the COVID-19 pandemicand the related recovery on our business,results of operations,cash flows and financial condition(which,among other things,may affect manyof the items listed below);the demand for our products and services;net sales growth;comparable sales;the effects of competition;our brandand reputation;implementation of store,interconnected retail,supply chain and technology initiatives;inventory and in-stock positions;the stateof the economy;the state of the housing and home improvement markets;the state of the credit markets,including mortgages,home equityloans,and consumer credit;impact of tariffs;issues related to the payment methods we accept;demand for credit offerings;management ofrelationships with our associates,potential associates,suppliers and service providers;cost and availability of labor;costs of fuel and otherenergy sources;international trade disputes,natural disasters,climate change,public health issues(including pandemics and quarantines,related shut-downs and other governmental orders,and similar restrictions,as well as subsequent re-openings),cybersecurity events,militaryconflicts or acts of war,and other business interruptions that could disrupt operation of our stores,distribution centers and other facilities,ourability to operate or access communications,financial or banking systems,or supply or delivery of,or demand for,the Companys products orservices;our ability to meet environmental,social and governance(ESG)goals;continuation or suspension of share repurchases;net earningsperformance;earnings per share;dividend targets;capital allocation and expenditures;liquidity;return on invested capital;expense leverage;commodity or other price inflation and deflation;our ability to issue debt on terms and at rates acceptable to us;the impact and expectedoutcome of investigations,inquiries,claims,and litigation,including compliance with related settlements;the effect of accounting charges;theeffect of adopting certain accounting standards;the impact of regulatory changes,including changes to tax laws and regulations;store openingsand closures;financial outlook;and the impact of acquired companies on our organization and the ability to recognize the anticipated benefits ofthose acquisitions.Forward-looking statements are based on currently available information and our current assumptions,expectations and projections about futureevents.You should not rely on our forward-looking statements.These statements are not guarantees of future performance and are subject tofuture events,risks and uncertainties many of which are beyond our control,dependent on the actions of third parties,or currently unknown tous as well as potentially inaccurate assumptions that could cause actual results to differ materially from our historical experience and ourexpectations and projections.These risks and uncertainties include,but are not limited to,those described in Part II,Item 1A,Risk Factors andelsewhere in this report and also as may be described from time to time in future reports we file with the SEC.You should read such informationin conjunction with our consolidated financial statements and related notes and Managements Discussion and Analysis of Financial Conditionand Results of Operations in this report.There also may be other factors that we cannot anticipate or that are not described herein,generallybecause we do not currently perceive them to be material.Such factors could cause results to differ materially from our expectations.Forward-looking statements speak only as of the date they are made,and we do not undertake to update these statements other than asrequired by law.You are advised,however,to review any further disclosures we make on related subjects in our filings with the SEC and in ourother public statements.iiiTable of ContentsPART I FINANCIAL INFORMATIONItem 1.Financial Statements.THE HOME DEPOT,INC.CONSOLIDATED BALANCE SHEETS(Unaudited)in millions,except per share dataOctober 30,2022January 30,2022AssetsCurrent assets:Cash and cash equivalents$2,462$2,343 Receivables,net3,732 3,426 Merchandise inventories25,719 22,068 Other current assets1,768 1,218 Total current assets33,681 29,055 Net property and equipment25,240 25,199 Operating lease right-of-use assets6,523 5,968 Goodwill7,434 7,449 Other assets3,988 4,205 Total assets$76,866$71,876 Liabilities and Stockholders EquityCurrent liabilities:Short-term debt$1,035 Accounts payable12,402 13,462 Accrued salaries and related expenses1,934 2,426 Sales taxes payable640 848 Deferred revenue3,173 3,596 Current installments of long-term debt1,224 2,447 Current operating lease liabilities942 830 Other accrued expenses3,965 4,049 Total current liabilities24,280 28,693 Long-term debt,excluding current installments41,740 36,604 Long-term operating lease liabilities5,807 5,353 Other long-term liabilities3,741 2,922 Total liabilities75,568 73,572 Common stock,par value$0.05;authorized:10,000 shares;issued:1,793 shares at October 30,2022and 1,792 shares at January 30,2022;outstanding:1,020 shares at October 30,2022 and 1,035shares at January 30,202290 90 Paid-in capital12,385 12,132 Retained earnings75,467 67,580 Accumulated other comprehensive loss(856)(704)Treasury stock,at cost,773 shares at October 30,2022 and 757 shares at January 30,2022(85,788)(80,794)Total stockholders equity(deficit)1,298(1,696)Total liabilities and stockholders equity$76,866$71,876 See accompanying notes to consolidated financial statements.1Table of ContentsTHE HOME DEPOT,INC.CONSOLIDATED STATEMENTS OF EARNINGS(Unaudited)Three Months EndedNine Months Endedin millions,except per share dataOctober 30,2022October 31,2021October 30,2022October 31,2021Net sales$38,872$36,820$121,572$115,438 Cost of sales25,648 24,257 80,720 76,468 Gross profit13,224 12,563 40,852 38,970 Operating expenses:Selling,general and administrative6,468 6,168 19,735 18,975 Depreciation and amortization608 600 1,830 1,780 Total operating expenses7,076 6,768 21,565 20,755 Operating income6,148 5,795 19,287 18,215 Interest and other(income)expense:Interest income and other,net(7)(15)(12)(26)Interest expense413 341 1,166 1,006 Interest and other,net406 326 1,154 980 Earnings before provision for income taxes5,742 5,469 18,133 17,235 Provision for income taxes1,403 1,340 4,390 4,154 Net earnings$4,339$4,129$13,743$13,081 Basic weighted average common shares1,020 1,049 1,024 1,059 Basic earnings per share$4.25$3.94$13.42$12.35 Diluted weighted average common shares1,023 1,053 1,028 1,063 Diluted earnings per share$4.24$3.92$13.37$12.31 See accompanying notes to consolidated financial statements.2Table of ContentsTHE HOME DEPOT,INC.CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(Unaudited)Three Months EndedNine Months Endedin millionsOctober 30,2022October 31,2021October 30,2022October 31,2021Net earnings$4,339$4,129$13,743$13,081 Other comprehensive income(loss),net of tax:Foreign currency translation adjustments(187)(20)(158)35 Cash flow hedges3 3 6 7 Other 27 Total other comprehensive income(loss),net of tax(184)(17)(152)69 Comprehensive income$4,155$4,112$13,591$13,150 See accompanying notes to consolidated financial statements.3Table of ContentsTHE HOME DEPOT,INC.CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY(Unaudited)Three Months EndedNine Months Endedin millionsOctober 30,2022October 31,2021October 30,2022October 31,2021Common Stock:Balance at beginning of period$90$90$90$89 Shares issued under employee stock plans 1 Balance at end of period90 90 90 90 Paid-in Capital:Balance at beginning of period12,309 11,797 12,132 11,540 Shares issued under employee stock plans(2)18(21)50 Stock-based compensation expense78 74 274 299 Balance at end of period12,385 11,889 12,385 11,889 Retained Earnings:Balance at beginning of period73,074 63,560 67,580 58,134 Net earnings4,339 4,129 13,743 13,081 Cash dividends(1,946)(1,738)(5,856)(5,264)Balance at end of period75,467 65,951 75,467 65,951 Accumulated Other Comprehensive Income(Loss):Balance at beginning of period(672)(585)(704)(671)Foreign currency translation adjustments,net of tax(187)(20)(158)35 Cash flow hedges,net of tax3 3 6 7 Other,net of tax 27 Balance at end of period(856)(602)(856)(602)Treasury Stock:Balance at beginning of period(84,564)(72,793)(80,794)(65,793)Repurchases of common stock(1,224)(3,500)(4,994)(10,500)Balance at end of period(85,788)(76,293)(85,788)(76,293)Total stockholders equity$1,298$1,035$1,298$1,035 See accompanying notes to consolidated financial statements.4Table of ContentsTHE HOME DEPOT,INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)Nine Months Endedin millionsOctober 30,2022October 31,2021Cash Flows from Operating Activities:Net earnings$13,743$13,081 Reconciliation of net earnings to net cash provided by operating activities:Depreciation and amortization2,216 2,128 Stock-based compensation expense286 312 Changes in receivables,net(312)(533)Changes in merchandise inventories(3,748)(3,871)Changes in other current assets(568)(375)Changes in accounts payable and accrued expenses(1,568)1,918 Changes in deferred revenue(413)672 Changes in income taxes payable30(10)Changes in deferred income taxes129(73)Other operating activities226 137 Net cash provided by operating activities10,021 13,386 Cash Flows from Investing Activities:Capital expenditures(2,216)(1,737)Payments for businesses acquired,net(416)Other investing activities(29)21 Net cash used in investing activities(2,245)(2,132)Cash Flows from Financing Activities:Repayments of short-term debt,net(1,035)Proceeds from long-term debt,net of discounts6,942 2,979 Repayments of long-term debt(2,423)(1,480)Repurchases of common stock(5,136)(10,374)Proceeds from sales of common stock146 190 Cash dividends(5,856)(5,264)Other financing activities(185)(160)Net cash used in financing activities(7,547)(14,109)Change in cash and cash equivalents229(2,855)Effect of exchange rate changes on cash and cash equivalents(110)27 Cash and cash equivalents at beginning of period2,343 7,895 Cash and cash equivalents at end of period$2,462$5,067 Supplemental Disclosures:Cash paid for interest,net of interest capitalized$1,160$1,021 Cash paid for income taxes4,173 4,170 See accompanying notes to consolidated financial statements.5Table of ContentsTHE HOME DEPOT,INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Unaudited)1.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESBusinessThe Home Depot,Inc.,together with its subsidiaries(theCompany,Home Depot,we,ourorus),is a home improvement retailer thatsells a wide assortment of building materials,home improvement products,lawn and garden products,dcor items,and facilities maintenance,repair and operations products,and provides a number of services,in stores and online.We operate in the U.S.(including the Commonwealth ofPuerto Rico and the territories of the U.S.Virgin Islands and Guam),Canada,and Mexico,each representing one of our three operatingsegments,which we aggregate into one reportable segment due to the similar nature of their operations and economic characteristics.Basis of PresentationThe accompanying consolidated financial statements of the Company have been prepared in accordance with the instructions to Form 10-Q anddo not include all of the information and footnotes required by GAAP for complete financial statements.In the opinion of management,alladjustments(consisting of normal recurring accruals)considered necessary for a fair presentation have been included.Results of operations forinterim periods are not necessarily indicative of results for the entire year.As a result,these consolidated financial statements should be read inconjunction with the consolidated financial statements and notes thereto included in our 2021 Form 10-K.There were no significant changes to our significant accounting policies as disclosed in the 2021 Form 10-K.Recently Adopted Accounting PronouncementsWe did not adopt any new accounting pronouncements during the first nine months of fiscal 2022 that had a material impact on our consolidatedfinancial condition,results of operations or cash flows.Recently Issued Accounting PronouncementsASU No.2022-04.In September 2022,the FASB issued ASU No.2022-04,LiabilitiesSupplier Finance Programs(Topic 405-50)-Disclosureof Supplier Finance Program Obligations,to enhance the transparency of supplier finance programs used by an entity in connection with thepurchase of goods and services.The standard requires entities that use supplier finance programs to disclose the key terms,including adescription of payment terms,the confirmed amount outstanding under the program at the end of each reporting period,a description of wherethose obligations are presented on the balance sheet,and an annual rollforward,including the amount of obligations confirmed and the amountpaid during the period.The guidance does not affect the recognition,measurement,or financial statement presentation of obligations covered bysupplier finance programs.ASU No.2022-04 is effective for fiscal years beginning after December 15,2022,including interim periods withinthose fiscal years,except for the requirement on rollforward information,which is effective for fiscal years beginning after December 15,2023.Early adoption is permitted.We are currently evaluating the impact of the standard on our consolidated financial statements and relateddisclosures.Recent accounting pronouncements pending adoption not discussed above or in the 2021 Form 10-K are either not applicable or will not have orare not expected to have a material impact on our consolidated financial condition,results of operations or cash flows.6Table of Contents2.NET SALESThe following table presents net sales,classified by geography:Three Months EndedNine Months Endedin millionsOctober 30,2022October 31,2021October 30,2022October 31,2021Net sales in the U.S.$35,784$33,736$111,834$106,095 Net sales outside the U.S.3,088 3,084 9,738 9,343 Net sales$38,872$36,820$121,572$115,438 The following table presents net sales by products and services:Three Months EndedNine Months Endedin millionsOctober 30,2022October 31,2021October 30,2022October 31,2021Net sales products$37,448$35,383$117,261$111,371 Net sales services1,424 1,437 4,311 4,067 Net sales$38,872$36,820$121,572$115,438 The following table presents major product lines and the related merchandising departments(and related services):Major Product LineMerchandising DepartmentsBuilding MaterialsBuilding Materials,Electrical/Lighting,Lumber,Millwork,and PlumbingDcorAppliances,Dcor/Storage,Flooring,Kitchen and Bath,and PaintHardlinesHardware,Indoor Garden,Outdoor Garden,and ToolsThe following table presents net sales by major product lines(and related services):Three Months EndedNine Months Endedin millionsOctober 30,2022October 31,2021October 30,2022October 31,2021Building Materials$15,343$13,809$46,095$41,880 Dcor13,070 12,783 40,040 38,060 Hardlines10,459 10,228 35,437 35,498 Net sales$38,872$36,820$121,572$115,438 Deferred RevenueFor products and services sold in stores or online,payment is typically due at the point of sale.When we receive payment from customersbefore the customer has taken possession of the merchandise or the service has been performed,the amount received is recorded as deferredrevenue until the sale or service is complete.Such performance obligations are part of contracts with expected original durations of typicallythree months or less.As of October 30,2022 and January 30,2022,deferred revenue for products and services was$2.2 billion and$2.6 billion,respectively.We further record deferred revenue for the sale of gift cards and recognize the associated revenue upon the redemption of those gift cards,which generally occurs within six months of gift card issuance.As of both October 30,2022 and January 30,2022,our performance obligationsfor unredeemed gift cards were$1.0 billion.Gift card breakage income,which is our estimate of the portion of our gift card balance not expectedto be redeemed,was immaterial during the three and nine months ended October 30,2022 and October 31,2021.3.PROPERTY AND LEASESNet Property and EquipmentNet property and equipment includes accumulated depreciation and finance lease amortization of$27.5 billion as of October 30,2022 and$26.1billion as of January 30,2022.7Table of ContentsLeasesThe following table presents the consolidated balance sheet location of assets and liabilities related to operating and finance leases:in millionsConsolidated Balance Sheet ClassificationOctober 30,2022January 30,2022Assets:Operating lease assetsOperating lease right-of-use assets$6,523$5,968 Finance lease assets Net property and equipment2,890 2,896 Total lease assets$9,413$8,864 Liabilities:Current:Operating lease liabilitiesCurrent operating lease liabilities$942$830 Finance lease liabilitiesCurrent installments of long-term debt224 198 Long-term:Operating lease liabilitiesLong-term operating lease liabilities5,807 5,353 Finance lease liabilitiesLong-term debt,excluding current installments3,038 3,038 Total lease liabilities$10,011$9,419(1)Finance lease assets are recorded net of accumulated amortization of$1.2 billion as of October 30,2022 and$1.0 billion as of January 30,2022.The following table presents supplemental non-cash information related to leases:Nine Months Endedin millionsOctober 30,2022October 31,2021Lease assets obtained in exchange for new operating lease liabilities$1,308$637 Lease assets obtained in exchange for new finance lease liabilities234 581 4.DEBT AND DERIVATIVE INSTRUMENTSShort-Term DebtIn July 2022,we expanded our commercial paper program from$3.0 billion to$5.0 billion to further enhance our financial flexibility.All of ourshort-term borrowings in the first nine months of fiscal 2022 were under our commercial paper program,and the maximum amount outstandingat any time was$2.7 billion.In connection with our program,we have back-up credit facilities with a consortium of banks.In July 2022,we alsoexpanded the borrowing capacity under these back-up facilities from$3.0 billion to$5.0 billion,by entering into a five-year$3.5 billion creditfacility scheduled to expire in July 2027 and a 364-day$1.5 billion credit facility scheduled to expire in July 2023.These facilities replaced ourpreviously existing five-year$2.0 billion credit facility,which was scheduled to expire in December 2023,and our 364-day$1.0 billion creditfacility,which was scheduled to expire in December 2022.At October 30,2022,we had no outstanding borrowings under our commercial paperprogram,and at January 30,2022,we had$1.0 billion of outstanding borrowings under our commercial paper program.Long-Term DebtSeptember 2022 Issuance.In September 2022,we issued three tranches of senior notes.The first tranche consisted of$750 million of 4.00%senior notes due September 15,2025 at a discount of$0.3 million.Interest on thesenotes is due semi-annually on March 15 and September 15 of each year,beginning March 15,2023.The second tranche consisted of$1.25 billion of 4.50%senior notes due September 15,2032 at a discount of$1 million.Interest onthese notes is due semi-annually on March 15 and September 15 of each year,beginning March 15,2023.

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