beatandraise : SEC Filings Research with AI

0000060667 2009-07-31 0000060667 2010-04-30 0000060667 2009-05-01 0000060667 2010-01-29 0000060667 2010-01-30 2010-04-30 0000060667 2009-01-31 2009-05-01 0000060667 2009-01-30 0000060667 2010-05-28 iso4217:USD xbrli:shares xbrli:pure 33100000000 10-Q false LOWES COMPANIES INC, 0000060667 Yes No --01-28 Large Accelerated Filer Yes 2010-04-30 2010 Q1 1429199463

675000000

9899000000

202000000

242000000

13695000000

22379000000

832000000

508000000

37414000000

536000000

7062000000

594000000

901000000

1788000000

10881000000

5531000000

521000000

1462000000

18395000000

722000000

6000000

18246000000

45000000

37414000000

682000000

460000000

9013000000

122000000

264000000

10541000000

22715000000

448000000

444000000

34148000000

52000000

5843000000

535000000

741000000

1564000000

8735000000

5023000000

533000000

1420000000

15711000000

737000000

296000000

17399000000

5000000

34148000000

632000000

425000000

8249000000

208000000

218000000

9732000000

22499000000

277000000

497000000

33005000000

552000000

4287000000

577000000

683000000

1256000000

7355000000

4528000000

598000000

1455000000

13936000000

729000000

6000000

18307000000

27000000

33005000000

1443000000

1474000000

1459000000

0.50

2677000000

19019000000

18437000000

19069000000

12388000000

11832000000

8030000000

7636000000

4358000000

4196000000

3093000000

2957000000

397000000

401000000

82000000

78000000

3572000000

3436000000

786000000

760000000

297000000

284000000

489000000

476000000

1438000000

1462000000

0.34

0.32

0.34

0.32

0.090

0.085

1441000000

1464000000

17049000000

-130000000

-126000000

-420000000

1 1 0.6482 0.6454 0.3518 0.3546 0.2498 0.2499 0.032 0.0339 0.0066 0.0066 0.2884 0.2904 0.0634 0.0642 0.0239 0.024 0.0395 0.0402

424000000

-82000000

-1000000

26000000

1644000000

35000000

2773000000

784000000

2736000000

426000000

228000000

745000000

138000000

1000000

283000000

5000000

-1084000000

992000000

25000000

20000000

131000000

465000000

391000000

2000000

2045000000

434000000

-83000000

-9000000

24000000

801000000

1000000

1732000000

555000000

2345000000

68000000

122000000

302000000

6000000

-15000000

572000000

11000000

-788000000

8000000

1000000

126000000

-1119000000

-1000000

437000000

245000000

-986000000

<div style="font-size:12pt">Note 1: Basis of Presentation - The accompanying consolidated financial statements (unaudited) and notes to consolidated financial statements (unaudited) are presented in accordance with the rules and regulations of the Securities and Exchange Commission and do not include all the disclosures normally required in annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America. The consolidated financial statements (unaudited), in the opinion of management, contain all adjustments necessary to present fairly the financial position as of April 30, 2010, and May 1, 2009, and the results of operations and cash flows for the three months ended April 30, 2010, and May 1, 2009. These interim consolidated financial statements (unaudited) should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Lowe's Companies, Inc. (the Company) Annual Report on Form 10-K for the fiscal year ended January 29, 2010 (the Annual Report). The financial results for the interim periods may not be indicative of the financial results for the entire fiscal year. Certain prior period amounts have been reclassified to conform to current classifications. For the three months ended May 1, 2009, store opening costs of $13 million, which were previously reported as a single line item on the consolidated statements of current and retained earnings, have been combined with selling, general and administrative expenses. This change was not material and had no impact on the consolidated balance sheets or statements of cash flows for any of the periods presented. The long-term portion of the self-insurance liabilities, primarily for workers’ compensation, automobile, property, and general and product liability claims, of $469 million at May 1, 2009, previously classified as current on the consolidated balance sheets, has been reclassified to other liabilities (non-current).  The current portion of these self-insurance liabilities, previously reported as a single line item on the consolidated balance sheets, has been combined with other current liabilities.  The non-current portion of deferred income taxes related to these self-insurance liabilities has also been reclassified from current to non-current deferred income taxes in the consolidated balance sheets.  These changes were not material and had no impact on the consolidated statements of current and retained earnings or cash flows for any of the periods presented.</div> <div style="font-size:12pt">Note 2: Fair Value Measurements and Financial Instruments - Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The authoritative guidance for fair value measurements establishes a three-level hierarchy, which encourages an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of the hierarchy are defined as follows: <ul><li>Level 1 - inputs to the valuation techniques that are quoted prices in active markets for identical assets or liabilities </li></ul> <ul><li>Level 2 - inputs to the valuation techniques that are other than quoted prices but are observable for the assets or liabilities, either directly or indirectly </li></ul> <ul><li>Level 3 - inputs to the valuation techniques that are unobservable for the assets or liabilities </li></ul> The following tables present the Company’s financial assets measured at fair value on a recurring basis as of April 30, 2010, May 1, 2009, and January 29, 2010, classified by fair value hierarchy: <table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="20" width="208" align="left"> </td><td height="20" width="13" align="left"> </td><td height="20" width="120" align="left"> </td><td height="20" width="13" align="left"> </td><td width="338" align="center" colspan="5" style="border-bottom: 1px solid #000000;" height="20">Fair Value Measurements at Reporting Date Using</td></tr><tr><td width="208" align="left" height="97" rowspan="2"> </td><td height="77" width="13" align="left"> </td><td width="120" align="center" height="97" rowspan="2"> </td><td height="77" width="13" align="center"> </td><td width="104" align="center" rowspan="2" style="border-top: 1px solid #000000;" height="97">Quoted Prices in Active Markets for Identical Assets</td><td height="77" style="border-top: 1px solid #000000;" align="center" width="13"> </td><td width="104" align="center" rowspan="2" style="border-top: 1px solid #000000;" height="97">Significant Other Observable Inputs</td><td height="77" style="border-top: 1px solid #000000;" align="center" width="13"> </td><td width="104" align="center" rowspan="2" style="border-top: 1px solid #000000;" height="97">Significant Unobservable Inputs</td></tr><tr><td height="20" width="13" align="left"> </td><td height="20" width="13" align="center"> </td><td height="20" width="13" align="center"> </td><td height="20" width="13" align="center"> </td></tr><tr><td height="20" style="border-bottom: 1px solid #000000;" align="left" width="208">(In millions)</td><td height="20" style="border-bottom: 1px solid #000000;" align="left" width="13"> </td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="120">April 30, 2010</td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="13"> </td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="104">(Level 1)</td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="13"> </td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="104">(Level 2)</td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="13"> </td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="104">(Level 3)</td></tr><tr><td height="20" style="border-top: 1px solid #000000;" align="left" width="208">Available-for-sale securities:</td><td height="20" style="border-top: 1px solid #000000;" align="right" width="13"> </td><td height="20" style="border-top: 1px solid #000000;" align="right" width="120"> </td><td height="20" style="border-top: 1px solid #000000;" align="right" width="13"> </td><td height="20" style="border-top: 1px solid #000000;" align="right" width="104"> </td><td height="20" style="border-top: 1px solid #000000;" align="right" width="13"> </td><td height="20" style="border-top: 1px solid #000000;" align="right" width="104"> </td><td height="20" style="border-top: 1px solid #000000;" align="right" width="13"> </td><td height="20" style="border-top: 1px solid #000000;" align="right" width="104"> </td></tr><tr><td height="20" width="208" align="left">   Municipal Bonds</td><td height="20" width="13" align="right">$</td><td height="20" width="120" align="right"> 276 </td><td height="20" width="13" align="right">$</td><td height="20" width="104" align="right"> - </td><td height="20" width="13" align="right">$</td><td height="20" width="104" align="right"> 276 </td><td height="20" width="13" align="right">$</td><td height="20" width="104" align="right"> - </td></tr><tr><td height="40" width="208" align="left">   Municipal Variable Rate Demand Obligations</td><td height="40" width="13" align="right"> </td><td height="40" width="120" align="right"> 261 </td><td height="40" width="13" align="right"> </td><td height="40" width="104" align="right"> - </td><td height="40" width="13" align="right"> </td><td height="40" width="104" align="right"> 261 </td><td height="40" width="13" align="right"> </td><td height="40" width="104" align="right"> - </td></tr><tr><td height="20" width="208" align="left">   Money Market Funds</td><td height="20" width="13" align="right"> </td><td height="20" width="120" align="right"> 84 </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> 84 </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> - </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> - </td></tr><tr><td height="20" width="208" align="left">   Other</td><td height="20" width="13" align="right"> </td><td height="20" width="120" align="right"> 7 </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> 2 </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> 5 </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> - </td></tr><tr><td height="20" width="208" align="left">Trading securities:</td><td height="20" width="13" align="right"> </td><td height="20" width="120" align="right"> </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> </td></tr><tr><td height="20" width="208" align="left">   Mutual Funds</td><td height="20" width="13" align="left"> </td><td height="20" width="120" align="right"> 47 </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> 47 </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> - </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> - </td></tr><tr><td height="20" width="208" align="left">Total short-term investments</td><td height="20" width="13" align="right">$</td><td height="20" width="120" align="right"> 675 </td><td height="20" width="13" align="right">$</td><td height="20" width="104" align="right"> 133 </td><td height="20" width="13" align="right">$</td><td height="20" width="104" align="right"> 542 </td><td height="20" width="13" align="right">$</td><td height="20" width="104" align="right"> - </td></tr><tr><td height="20" width="208" align="left">Available-for-sale securities:</td><td height="20" width="13" align="left"> </td><td height="20" width="120" align="right"> </td><td height="20" width="13" align="left"> </td><td height="20" width="104" align="right"> </td><td height="20" width="13" align="left"> </td><td height="20" width="104" align="right"> </td><td height="20" width="13" align="left"> </td><td height="20" width="104" align="right"> </td></tr><tr><td height="20" width="208" align="left">   Municipal Bonds</td><td height="20" width="13" align="left">$</td><td height="20" width="120" align="right"> 832 </td><td height="20" width="13" align="left">$</td><td height="20" width="104" align="right"> - </td><td height="20" width="13" align="left">$</td><td height="20" width="104" align="right"> 832 </td><td height="20" width="13" align="left">$</td><td height="20" width="104" align="right"> - </td></tr><tr><td height="20" style="border-bottom: 1px solid #000000;" align="left" width="208">Total long-term investments</td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="13">$</td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="120"> 832 </td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="13">$</td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="104"> - </td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="13">$</td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="104"> 832 </td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="13">$</td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="104"> - </td></tr></table><table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="20" width="208" align="left"> </td><td height="20" width="13" align="left"> </td><td height="20" width="120" align="left"> </td><td height="20" width="13" align="left"> </td><td width="338" align="center" colspan="5" style="border-bottom: 1px solid #000000;" height="20">Fair Value Measurements at Reporting Date Using</td></tr><tr><td width="208" align="left" height="97" rowspan="2"> </td><td height="19" width="13" align="left"> </td><td width="120" align="center" height="97" rowspan="2"> </td><td height="19" width="13" align="center"> </td><td width="104" align="center" rowspan="2" style="border-top: 1px solid #000000;" height="97">Quoted Prices in Active Markets for Identical Assets</td><td height="19" style="border-top: 1px solid #000000;" align="center" width="13"> </td><td width="104" align="center" rowspan="2" style="border-top: 1px solid #000000;" height="97">Significant Other Observable Inputs</td><td height="19" style="border-top: 1px solid #000000;" align="center" width="13"> </td><td width="104" align="center" rowspan="2" style="border-top: 1px solid #000000;" height="97">Significant Unobservable Inputs</td></tr><tr><td height="78" width="13" align="left"> </td><td height="78" width="13" align="center"> </td><td height="78" width="13" align="center"> </td><td height="78" width="13" align="center"> </td></tr><tr><td height="20" style="border-bottom: 1px solid #000000;" align="left" width="208">(In millions)</td><td height="20" style="border-bottom: 1px solid #000000;" align="left" width="13"> </td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="120">May 1, 2009</td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="13"> </td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="104">(Level 1)</td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="13"> </td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="104">(Level 2)</td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="13"> </td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="104">(Level 3)</td></tr><tr><td height="20" style="border-top: 1px solid #000000;" align="left" width="208">Available-for-sale securities:</td><td height="20" style="border-top: 1px solid #000000;" align="right" width="13"> </td><td height="20" style="border-top: 1px solid #000000;" align="right" width="120"> </td><td height="20" style="border-top: 1px solid #000000;" align="right" width="13"> </td><td height="20" style="border-top: 1px solid #000000;" align="right" width="104"> </td><td height="20" style="border-top: 1px solid #000000;" align="right" width="13"> </td><td height="20" style="border-top: 1px solid #000000;" align="right" width="104"> </td><td height="20" style="border-top: 1px solid #000000;" align="right" width="13"> </td><td height="20" style="border-top: 1px solid #000000;" align="right" width="104"> </td></tr><tr><td height="20" width="208" align="left">   Municipal Bonds</td><td height="20" width="13" align="right">$</td><td height="20" width="120" align="right"> 346 </td><td height="20" width="13" align="right">$</td><td height="20" width="104" align="right"> - </td><td height="20" width="13" align="right">$</td><td height="20" width="104" align="right"> 346 </td><td height="20" width="13" align="right">$</td><td height="20" width="104" align="right"> - </td></tr><tr><td height="20" width="208" align="left">   Money Market Funds</td><td height="20" width="13" align="right"> </td><td height="20" width="120" align="right"> 66 </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> 66 </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> - </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> - </td></tr><tr><td height="20" width="208" align="left">   Other</td><td height="20" width="13" align="right"> </td><td height="20" width="120" align="right"> 15 </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> 2 </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> 13 </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> - </td></tr><tr><td height="20" width="208" align="left">Trading securities:</td><td height="20" width="13" align="right"> </td><td height="20" width="120" align="right"> </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> </td></tr><tr><td height="20" width="208" align="left">   Mutual Funds</td><td height="20" width="13" align="left"> </td><td height="20" width="120" align="right"> 33 </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> 33 </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> - </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> - </td></tr><tr><td height="20" width="208" align="left">Total short-term investments</td><td height="20" width="13" align="right">$</td><td height="20" width="120" align="right"> 460 </td><td height="20" width="13" align="right">$</td><td height="20" width="104" align="right"> 101 </td><td height="20" width="13" align="right">$</td><td height="20" width="104" align="right"> 359 </td><td height="20" width="13" align="right">$</td><td height="20" width="104" align="right"> - </td></tr><tr><td height="20" width="208" align="left">Available-for-sale securities:</td><td height="20" width="13" align="left"> </td><td height="20" width="120" align="right"> </td><td height="20" width="13" align="left"> </td><td height="20" width="104" align="right"> </td><td height="20" width="13" align="left"> </td><td height="20" width="104" align="right"> </td><td height="20" width="13" align="left"> </td><td height="20" width="104" align="right"> </td></tr><tr><td height="20" width="208" align="left">   Municipal Bonds</td><td height="20" width="13" align="left">$</td><td height="20" width="120" align="right"> 448 </td><td height="20" width="13" align="left">$</td><td height="20" width="104" align="right"> - </td><td height="20" width="13" align="left">$</td><td height="20" width="104" align="right"> 448 </td><td height="20" width="13" align="left">$</td><td height="20" width="104" align="right"> - </td></tr><tr><td height="20" style="border-bottom: 1px solid #000000;" align="left" width="208">Total long-term investments</td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="13">$</td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="120"> 448 </td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="13">$</td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="104"> - </td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="13">$</td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="104"> 448 </td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="13">$</td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="104"> - </td></tr></table><table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="20" width="208" align="left"> </td><td height="20" width="13" align="left"> </td><td height="20" width="120" align="left"> </td><td height="20" width="13" align="left"> </td><td width="338" align="center" colspan="5" style="border-bottom: 1px solid #000000;" height="20">Fair Value Measurements at Reporting Date Using</td></tr><tr><td width="208" align="left" height="104" rowspan="2"> </td><td height="19" width="13" align="left"> </td><td width="120" align="center" height="104" rowspan="2"> </td><td height="19" width="13" align="center"> </td><td width="104" align="center" rowspan="2" style="border-top: 1px solid #000000;" height="104">Quoted Prices in Active Markets for Identical Assets</td><td height="19" style="border-top: 1px solid #000000;" align="center" width="13"> </td><td width="104" align="center" rowspan="2" style="border-top: 1px solid #000000;" height="104">Significant Other Observable Inputs</td><td height="19" style="border-top: 1px solid #000000;" align="center" width="13"> </td><td width="104" align="center" rowspan="2" style="border-top: 1px solid #000000;" height="104">Significant Unobservable Inputs</td></tr><tr><td height="85" width="13" align="left"> </td><td height="85" width="13" align="center"> </td><td height="85" width="13" align="center"> </td><td height="85" width="13" align="center"> </td></tr><tr><td height="20" style="border-bottom: 1px solid #000000;" align="left" width="208">(In millions)</td><td height="20" style="border-bottom: 1px solid #000000;" align="left" width="13"> </td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="120">January 29, 2010</td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="13"> </td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="104">(Level 1)</td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="13"> </td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="104">(Level 2)</td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="13"> </td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="104">(Level 3)</td></tr><tr><td height="20" style="border-top: 1px solid #000000;" align="left" width="208">Available-for-sale securities:</td><td height="20" style="border-top: 1px solid #000000;" align="right" width="13"> </td><td height="20" style="border-top: 1px solid #000000;" align="right" width="120"> </td><td height="20" style="border-top: 1px solid #000000;" align="right" width="13"> </td><td height="20" style="border-top: 1px solid #000000;" align="right" width="104"> </td><td height="20" style="border-top: 1px solid #000000;" align="right" width="13"> </td><td height="20" style="border-top: 1px solid #000000;" align="right" width="104"> </td><td height="20" style="border-top: 1px solid #000000;" align="right" width="13"> </td><td height="20" style="border-top: 1px solid #000000;" align="right" width="104"> </td></tr><tr><td height="20" width="208" align="left">   Municipal Bonds</td><td height="20" width="13" align="right">$</td><td height="20" width="120" align="right"> 303 </td><td height="20" width="13" align="right">$</td><td height="20" width="104" align="right"> - </td><td height="20" width="13" align="right">$</td><td height="20" width="104" align="right"> 303 </td><td height="20" width="13" align="right">$</td><td height="20" width="104" align="right"> - </td></tr><tr><td height="20" width="208" align="left">   Money Market Funds</td><td height="20" width="13" align="right"> </td><td height="20" width="120" align="right"> 68 </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> 68 </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> - </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> - </td></tr><tr><td height="20" width="208" align="left">   Other</td><td height="20" width="13" align="right"> </td><td height="20" width="120" align="right"> 12 </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> 2 </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> 10 </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> - </td></tr><tr><td height="20" width="208" align="left">Trading securities:</td><td height="20" width="13" align="right"> </td><td height="20" width="120" align="right"> </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> </td></tr><tr><td height="20" width="208" align="left">   Mutual Funds</td><td height="20" width="13" align="left"> </td><td height="20" width="120" align="right"> 42 </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> 42 </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> - </td><td height="20" width="13" align="right"> </td><td height="20" width="104" align="right"> - </td></tr><tr><td height="20" width="208" align="left">Total short-term investments</td><td height="20" width="13" align="right">$</td><td height="20" width="120" align="right"> 425 </td><td height="20" width="13" align="right">$</td><td height="20" width="104" align="right"> 112 </td><td height="20" width="13" align="right">$</td><td height="20" width="104" align="right"> 313 </td><td height="20" width="13" align="right">$</td><td height="20" width="104" align="right"> - </td></tr><tr><td height="20" width="208" align="left">Available-for-sale securities:</td><td height="20" width="13" align="left"> </td><td height="20" width="120" align="right"> </td><td height="20" width="13" align="left"> </td><td height="20" width="104" align="right"> </td><td height="20" width="13" align="left"> </td><td height="20" width="104" align="right"> </td><td height="20" width="13" align="left"> </td><td height="20" width="104" align="right"> </td></tr><tr><td height="20" width="208" align="left">   Municipal Bonds</td><td height="20" width="13" align="left">$</td><td height="20" width="120" align="right"> 277 </td><td height="20" width="13" align="left">$</td><td height="20" width="104" align="right"> - </td><td height="20" width="13" align="left">$</td><td height="20" width="104" align="right"> 277 </td><td height="20" width="13" align="left">$</td><td height="20" width="104" align="right"> - </td></tr><tr><td height="19" style="border-bottom: 1px solid #000000;" align="left" width="208">Total long-term investments</td><td height="19" style="border-bottom: 1px solid #000000;" align="right" width="13">$</td><td height="19" style="border-bottom: 1px solid #000000;" align="right" width="120"> 277 </td><td height="19" style="border-bottom: 1px solid #000000;" align="right" width="13">$</td><td height="19" style="border-bottom: 1px solid #000000;" align="right" width="104"> - </td><td height="19" style="border-bottom: 1px solid #000000;" align="right" width="13">$</td><td height="19" style="border-bottom: 1px solid #000000;" align="right" width="104"> 277 </td><td height="19" style="border-bottom: 1px solid #000000;" align="right" width="13">$</td><td height="19" style="border-bottom: 1px solid #000000;" align="right" width="104"> - </td></tr></table>When available, quoted prices are used to determine fair value. When quoted prices in active markets are available, investments are classified within Level 1 of the fair value hierarchy. When quoted prices in active markets are not available, fair values are determined using pricing models and the inputs to those pricing models are based on observable market inputs. The inputs to the pricing models are typically benchmark yields, reported trades, broker-dealer quotes, issuer spreads and benchmark securities, among others. During the three months ended April 30, 2010 and May 1, 2009, the Company had no significant measurements of assets or liabilities at fair value on a non-recurring basis subsequent to their initial recognition. The Company’s financial instruments not measured at fair value on a recurring basis include cash and cash equivalents, accounts receivable, short-term borrowings, accounts payable, accrued liabilities and long-term debt and are reflected in the financial statements at cost. With the exception of long-term debt, cost approximates fair value for these items due to their short-term nature. Estimated fair values for long-term debt have been determined using available market information, including reported trades, benchmark yields and broker-dealer quotes. Carrying amounts and the related estimated fair value of the Company’s long-term debt, excluding capital leases and other, are as follows: <table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="20" width="320" align="left"> </td><td width="198" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="20">April 30, 2010</td><td height="20" width="10" align="center"> </td></tr><tr><td height="20" width="320" align="left"> </td><td height="20" style="border-top: 1px solid #000000;" align="left" width="13"> </td><td height="20" style="border-top: 1px solid #000000;" align="center" width="92">Carrying</td><td height="20" style="border-top: 1px solid #000000;" align="center" width="13"> </td><td height="20" style="border-top: 1px solid #000000;" align="center" width="80">Fair</td><td height="20" width="10" align="center"> </td></tr><tr><td height="20" style="border-bottom: 1px solid #000000;" align="left" width="320">(In millions)</td><td height="20" style="border-bottom: 1px solid #000000;" align="left" width="13"> </td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="92">Amount</td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="13"> </td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="80">Value</td><td height="20" width="10" align="center"> </td></tr><tr><td height="20" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="320">Long-term debt (excluding capital leases and other)</td><td height="20" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="13">$</td><td height="20" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="92">5,712 </td><td height="20" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="13">$</td><td height="20" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="80">6,205 </td><td height="20" width="10" align="right"> </td></tr></table></div> <div style="font-size:12pt">Note 3: Restricted Investment Balances - Short-term and long-term investments include restricted balances pledged as collateral for letters of credit for the Company’s extended warranty program and for a portion of the Company’s casualty insurance and Installed Sales program liabilities. Restricted balances included in short-term investments were $211 million at both April 30, 2010 and May 1, 2009, and $186 million at January 29, 2010. Restricted balances included in long-term investments were $177 million at April 30, 2010, $144 million at May 1, 2009, and $202 million at January 29, 2010. </div>

<div style="font-size:12pt">Note 4: Property - Property is shown net of accumulated depreciation of $10.2 billion at April 30, 2010, $9.1 billion at May 1, 2009, and $9.8 billion at January 29, 2010.</div>

<div style="font-size:12pt">Note 5: Long-Term Debt - In April 2010, the Company issued $1.0 billion of unsecured senior notes, comprised of two tranches: $500 million of 4.625% senior notes maturing in April 2020 and $500 million of 5.800% senior notes maturing in April 2040 (collectively, the “Senior Notes”). The 4.625% and 5.800% Senior Notes were issued at discounts of approximately $3.2 million and $4.8 million, respectively. Interest on the Senior Notes is payable semiannually in arrears in April and October of each year until maturity, beginning in October 2010. The discount associated with the issuance is included in long-term debt and is being amortized over the respective terms of the Senior Notes. The Senior Notes may be redeemed by the Company at any time, in whole or in part, at a redemption price plus accrued interest to the date of redemption. The redemption price before six months prior to the applicable maturity date is equal to the greater of (1) 100% of the principal amount of the Senior Notes to be redeemed, or (2) the sum of the present values of the remaining scheduled payments of principal and interest thereon, discounted to the date of redemption on a semi-annual basis at a specified rate. The redemption price within six months prior to the applicable maturity date is equal to 100% of the principal amount of the Senior Notes to be redeemed plus accrued interest thereon to but excluding the date of redemption. The indenture under which the notes were issued also contains a provision that allows the holders of the notes to require the Company to repurchase all or any part of their notes if a change of control triggering event occurs. If elected under the change in control provisions, the repurchase of the notes will occur at a purchase price of 101% of the principal amount, plus accrued and unpaid interest, if any, on such notes to the date of purchase. The indenture governing the Senior Notes does not limit the aggregate principal amount of debt securities that the Company may issue, nor is the Company required to maintain financial ratios or specified levels of net worth or liquidity. However, the indenture contains various restrictive covenants, none of which is expected to impact the Company’s liquidity or capital resources. </div>

<div style="font-size:12pt">Note 6: Extended Warranties – The Company sells separately-priced extended warranty contracts under a Lowe’s-branded program for which the Company is ultimately self-insured. The Company recognizes revenue from extended warranty sales on a straight-line basis over the respective contract term. Extended warranty contract terms primarily range from one to four years from the date of purchase or the end of the manufacturer’s warranty, as applicable. The Company’s extended warranty deferred revenue is included in other liabilities (non-current) on the consolidated balance sheets. Changes in deferred revenue for extended warranty contracts are summarized as follows:<table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="20" width="355" align="left"> </td><td height="20" style="border-bottom: 1px solid #000000;" align="left" width="14"> </td><td width="224" align="center" colspan="3" style="border-bottom: 1px solid #000000;" height="20">Three Months Ended</td></tr><tr><td height="20" style="border-bottom: 1px solid #000000;" align="left" width="355">(In millions)</td><td height="20" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="center" width="14"> </td><td height="20" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="center" width="105">April 30, 2010</td><td width="119" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="20">May 1, 2009</td></tr><tr><td height="20" style="border-top: 1px solid #000000;" align="left" width="355">Extended warranty deferred revenue, beginning of period</td><td height="20" style="border-top: 1px solid #000000;" align="center" width="14">$</td><td height="20" style="border-top: 1px solid #000000;" align="right" width="105"> 549 </td><td height="20" style="border-top: 1px solid #000000;" align="center" width="14">$</td><td height="20" style="border-top: 1px solid #000000;" align="right" width="105"> 479 </td></tr><tr><td height="20" width="355" align="left">Additions to deferred revenue</td><td height="20" width="14" align="left"> </td><td height="20" width="105" align="right"> 68 </td><td height="20" width="14" align="right"> </td><td height="20" width="105" align="right"> 52 </td></tr><tr><td height="20" width="355" align="left">Deferred revenue recognized</td><td height="20" width="14" align="left"> </td><td height="20" width="105" align="right"> (41)</td><td height="20" width="14" align="right"> </td><td height="20" width="105" align="right"> (35)</td></tr><tr><td height="20" style="border-bottom: 1px solid #000000;" align="left" width="355">Extended warranty deferred revenue, end of period</td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="14">$</td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="105"> 576 </td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="14">$</td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="105"> 496 </td></tr></table>Incremental direct acquisition costs associated with the sale of extended warranties are also deferred and recognized as expense on a straight-line basis over the respective contract term. Deferred costs associated with extended warranty contracts were $159 million at April 30, 2010, $129 million at May 1, 2009, and $150 million at January 29, 2010. The Company’s extended warranty deferred costs are included in other assets (non-current) on the consolidated balance sheets. All other costs, such as costs of services performed under the contract, general and administrative expenses and advertising expenses, are expensed as incurred. The liability for extended warranty claims incurred is included in other current liabilities on the consolidated balance sheets. Changes in the liability for extended warranty claims are summarized as follows: <table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="20" width="350" align="left"> </td><td height="20" style="border-bottom: 1px solid #000000;" align="left" width="14"> </td><td width="224" align="center" colspan="3" style="border-bottom: 1px solid #000000;" height="20">Three Months Ended</td></tr><tr><td height="20" style="border-bottom: 1px solid #000000;" align="left" width="350">(In millions)</td><td height="20" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="center" width="14"> </td><td height="20" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="center" width="105">April 30, 2010</td><td width="119" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="20">May 1, 2009</td></tr><tr><td height="20" style="border-top: 1px solid #000000;" align="left" width="350">Liability for extended warranty claims, beginning of period</td><td height="20" style="border-top: 1px solid #000000;" align="left" width="14">$</td><td height="20" style="border-top: 1px solid #000000;" align="right" width="105"> 23 </td><td height="20" style="border-top: 1px solid #000000;" align="left" width="14">$</td><td height="20" style="border-top: 1px solid #000000;" align="right" width="105"> 17 </td></tr><tr><td height="20" width="350" align="left">Accrual for claims incurred </td><td height="20" width="14" align="left"> </td><td height="20" width="105" align="right"> 17 </td><td height="20" width="14" align="right"> </td><td height="20" width="105" align="right"> 13 </td></tr><tr><td height="20" width="350" align="left">Claim payments</td><td height="20" width="14" align="left"> </td><td height="20" width="105" align="right"> (17)</td><td height="20" width="14" align="left"> </td><td height="20" width="105" align="right"> (12)</td></tr><tr><td height="20" style="border-bottom: 1px solid #000000;" align="left" width="350">Liability for extended warranty claims, end of period</td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="14">$</td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="105"> 23 </td><td height="20" style="border-bottom: 1px solid #000000;" align="center" width="14">$</td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="105"> 18 </td></tr></table></div>

<div style="font-size:12pt">Note 7: Shareholders' Equity - The Company has a share repurchase program that is implemented through purchases made from time to time either in the open market or through private transactions. Shares purchased under the share repurchase program are retired and returned to authorized and unissued status. Authorization for up to $5 billion of share repurchases with no expiration was approved by the Company’s Board of Directors on January 29, 2010. The Company repurchased 18.6 million shares under the share repurchase program at a total cost of $450 million (of which $420 million was recorded as a reduction in retained earnings, after capital in excess of par value was depleted) during the first quarter of fiscal 2010. No shares were repurchased under the share repurchase program during the first quarter of fiscal 2009. As of April 30, 2010, the Company had remaining authorization under the share repurchase program of $4.6 billion. The Company also repurchased 0.6 million shares at a total cost of $15 million from employees to satisfy either the exercise price of stock options or their statutory withholding tax liability based upon the vesting of restricted share-based awards during the first quarter of fiscal 2010, and an insignificant amount during the first quarter of fiscal 2009. </div>

<div style="font-size:12pt">Note 8: Comprehensive Income - Comprehensive income represents changes in shareholders’ equity from non-owner sources and is comprised of net earnings plus or minus unrealized gains or losses on available-for-sale securities and foreign currency translation adjustments. The following table reconciles net earnings to comprehensive income for the three months ended April 30, 2010, and May 1, 2009. <table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="21" width="299" align="left"> </td><td width="242" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="21">Three Months Ended</td></tr><tr><td height="20" style="border-bottom: 1px solid #000000;" align="left" width="299">(In millions)</td><td width="121" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="20">April 30, 2010</td><td width="121" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="20">May 1, 2009</td></tr><tr><td height="20" style="border-top: 1px solid #000000;" align="left" width="299">Net earnings</td><td height="20" style="border-top: 1px solid #000000;" align="center" width="14">$</td><td height="20" style="border-top: 1px solid #000000;" align="right" width="107"> 489 </td><td height="20" style="border-top: 1px solid #000000;" align="center" width="14">$</td><td height="20" style="border-top: 1px solid #000000;" align="right" width="107"> 476 </td></tr><tr><td height="20" width="299" align="left">Foreign currency translation adjustments</td><td height="20" width="14" align="center"> </td><td height="20" width="107" align="right"> 19 </td><td height="20" width="14" align="center"> </td><td height="20" width="107" align="right"> 12 </td></tr><tr><td height="20" width="299" align="left">Net unrealized investment losses</td><td height="20" width="14" align="center"> </td><td height="20" width="107" align="right"> (1)</td><td height="20" width="14" align="center"> </td><td height="20" width="107" align="right"> (1)</td></tr><tr><td height="19" style="border-bottom: 1px solid #000000;" align="left" width="299">Comprehensive income</td><td height="19" style="border-bottom: 1px solid #000000;" align="center" width="14">$</td><td height="19" style="border-bottom: 1px solid #000000;" align="right" width="107"> 507 </td><td height="19" style="border-bottom: 1px solid #000000;" align="center" width="14">$</td><td height="19" style="border-bottom: 1px solid #000000;" align="right" width="107"> 487 </td></tr></table></div>

<div style="font-size:12pt">Note 9: Earnings Per Share – The Company calculates basic and diluted earnings per common share using the two-class method. Under the two-class method, net earnings are reduced by the amount of dividends declared in the period for each class of common stock and participating security. The remaining undistributed earnings are then allocated to common stock and participating securities as if all of the net earnings for the period had been distributed. Basic earnings per common share excludes dilution and is calculated by dividing net earnings allocable to common shares by the weighted-average number of common shares outstanding for the period. Diluted earnings per common share is calculated by dividing net earnings allocable to common shares by the weighted-average number of common shares as of the balance sheet date, as adjusted for the potential dilutive effect of non-participating share-based awards. The following table reconciles earnings per common share for the three months ended April 30, 2010, and May 1, 2009.<table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="21" width="350" align="left"> </td><td width="242" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="21">Three Months Ended</td></tr><tr><td height="20" style="border-bottom: 1px solid #000000;" align="left" width="350">(In millions, except per share data)</td><td width="121" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="20">April 30, 2010</td><td width="121" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="20">May 1, 2009</td></tr><tr><td height="20" style="border-top: 1px solid #000000;" align="left" width="350">Basic earnings per common share:</td><td height="20" style="border-top: 1px solid #000000;" align="left" width="14"> </td><td height="20" style="border-top: 1px solid #000000;" align="left" width="107"> </td><td height="20" style="border-top: 1px solid #000000;" align="left" width="14"> </td><td height="20" style="border-top: 1px solid #000000;" align="left" width="107"> </td></tr><tr><td height="20" width="350" align="left">Net earnings</td><td height="20" width="14" align="center">$</td><td height="20" width="107" align="right"> 489 </td><td height="20" width="14" align="center">$</td><td height="20" width="107" align="right"> 476 </td></tr><tr><td height="20" width="350" align="left">Less: Net earnings allocable to participating securities</td><td height="20" width="14" align="center"> </td><td height="20" width="107" align="right"> (4)</td><td height="20" width="14" align="center"> </td><td height="20" width="107" align="right"> (4)</td></tr><tr><td height="19" width="350" align="left">Net earnings allocable to common shares</td><td height="19" width="14" align="center">$</td><td height="19" width="107" align="right"> 485 </td><td height="19" width="14" align="center">$</td><td height="19" width="107" align="right"> 472 </td></tr><tr><td height="19" width="350" align="left">Weighted-average common shares outstanding</td><td height="19" width="14" align="center"> </td><td height="19" width="107" align="right"> 1,438 </td><td height="19" width="14" align="center"> </td><td height="19" width="107" align="right"> 1,462 </td></tr><tr><td height="19" style="border-bottom: 1px solid #000000;" align="left" width="350">Basic earnings per common share</td><td height="19" style="border-bottom: 1px solid #000000;" align="center" width="14">$</td><td height="19" style="border-bottom: 1px solid #000000;" align="right" width="107"> 0.34 </td><td height="19" style="border-bottom: 1px solid #000000;" align="center" width="14">$</td><td height="19" style="border-bottom: 1px solid #000000;" align="right" width="107"> 0.32 </td></tr><tr><td height="20" style="border-top: 1px solid #000000;" align="left" width="350">Diluted earnings per common share:</td><td height="20" style="border-top: 1px solid #000000;" align="center" width="14"> </td><td height="20" style="border-top: 1px solid #000000;" align="left" width="107"> </td><td height="20" style="border-top: 1px solid #000000;" align="center" width="14"> </td><td height="20" style="border-top: 1px solid #000000;" align="left" width="107"> </td></tr><tr><td height="20" width="350" align="left">Net earnings</td><td height="20" width="14" align="center">$</td><td height="20" width="107" align="right"> 489 </td><td height="20" width="14" align="center">$</td><td height="20" width="107" align="right"> 476 </td></tr><tr><td height="20" width="350" align="left">Less: Net earnings allocable to participating securities</td><td height="20" width="14" align="center"> </td><td height="20" width="107" align="right"> (4)</td><td height="20" width="14" align="center"> </td><td height="20" width="107" align="right"> (4)</td></tr><tr><td height="19" width="350" align="left">Net earnings allocable to common shares</td><td height="19" width="14" align="center">$</td><td height="19" width="107" align="right"> 485 </td><td height="19" width="14" align="center">$</td><td height="19" width="107" align="right"> 472 </td></tr><tr><td height="20" width="350" align="left">Weighted-average common shares outstanding</td><td height="20" width="14" align="center"> </td><td height="20" width="107" align="right"> 1,438 </td><td height="20" width="14" align="center"> </td><td height="20" width="107" align="right"> 1,462 </td></tr><tr><td height="20" width="350" align="left">Dilutive effect of non-participating share-based awards</td><td height="20" width="14" align="center"> </td><td height="20" width="107" align="right"> 3 </td><td height="20" width="14" align="center"> </td><td height="20" width="107" align="right"> 2 </td></tr><tr><td height="19" width="350" align="left">Weighted-average common shares, as adjusted</td><td height="19" width="14" align="center"> </td><td height="19" width="107" align="right"> 1,441 </td><td height="19" width="14" align="center"> </td><td height="19" width="107" align="right"> 1,464 </td></tr><tr><td height="19" style="border-bottom: 1px solid #000000;" align="left" width="350">Diluted earnings per common share</td><td height="19" style="border-bottom: 1px solid #000000;" align="center" width="14">$</td><td height="19" style="border-bottom: 1px solid #000000;" align="right" width="107"> 0.34 </td><td height="19" style="border-bottom: 1px solid #000000;" align="center" width="14">$</td><td height="19" style="border-bottom: 1px solid #000000;" align="right" width="107"> 0.32 </td></tr></table>Stock options to purchase 17.2 million and 26.0 million shares of common stock were excluded from the computation of diluted earnings per common share because their effect would have been anti-dilutive for the three months ended April 30, 2010, and May 1, 2009, respectively. </div>

<div style="font-size:12pt">Note 10: Supplemental Disclosure <table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="542" align="left" height="20" colspan="5">Net interest expense is comprised of the following:</td></tr><tr><td height="17" width="300" align="left"> </td><td height="17" width="14" align="left"> </td><td height="17" width="107" align="left"> </td><td height="17" width="14" align="left"> </td><td height="17" width="107" align="left"> </td></tr><tr><td height="20" width="300" align="left"> </td><td width="242" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="20">Three Months Ended</td></tr><tr><td height="20" style="border-bottom: 1px solid #000000;" align="left" width="300">(In millions)</td><td width="121" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="20">April 30, 2010</td><td width="121" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="20">May 1, 2009</td></tr><tr><td height="20" style="border-top: 1px solid #000000;" align="left" width="300">Long-term debt</td><td height="20" style="border-top: 1px solid #000000;" align="right" width="14">$</td><td height="20" style="border-top: 1px solid #000000;" align="right" width="107"> 75 </td><td height="20" style="border-top: 1px solid #000000;" align="right" width="14">$</td><td height="20" style="border-top: 1px solid #000000;" align="right" width="107"> 73 </td></tr><tr><td height="20" width="300" align="left">Short-term borrowings</td><td height="20" width="14" align="right"> </td><td height="20" width="107" align="right"> - </td><td height="20" width="14" align="right"> </td><td height="20" width="107" align="right"> 2 </td></tr><tr><td height="20" width="300" align="left">Capitalized lease obligations</td><td height="20" width="14" align="right"> </td><td height="20" width="107" align="right"> 9 </td><td height="20" width="14" align="right"> </td><td height="20" width="107" align="right"> 7 </td></tr><tr><td height="20" width="300" align="left">Interest income</td><td height="20" width="14" align="right"> </td><td height="20" width="107" align="right"> (2)</td><td height="20" width="14" align="right"> </td><td height="20" width="107" align="right"> (5)</td></tr><tr><td height="20" width="300" align="left">Interest capitalized</td><td height="20" width="14" align="right"> </td><td height="20" width="107" align="right"> (3)</td><td height="20" width="14" align="right"> </td><td height="20" width="107" align="right"> (4)</td></tr><tr><td height="20" width="300" align="left">Interest on tax uncertainties</td><td height="20" width="14" align="right"> </td><td height="20" width="107" align="right"> 2 </td><td height="20" width="14" align="right"> </td><td height="20" width="107" align="right"> 3 </td></tr><tr><td height="20" width="300" align="left">Other</td><td height="20" width="14" align="right"> </td><td height="20" width="107" align="right"> 1 </td><td height="20" width="14" align="right"> </td><td height="20" width="107" align="right"> 2 </td></tr><tr><td height="19" style="border-bottom: 1px solid #000000;" align="left" width="300">Interest - net</td><td height="19" style="border-bottom: 1px solid #000000;" align="right" width="14">$</td><td height="19" style="border-bottom: 1px solid #000000;" align="right" width="107"> 82 </td><td height="19" style="border-bottom: 1px solid #000000;" align="right" width="14">$</td><td height="19" style="border-bottom: 1px solid #000000;" align="right" width="107"> 78 </td></tr></table><table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="20" width="437" align="left">Supplemental disclosures of cash flow information: </td><td height="20" width="18" align="left"> </td><td height="20" width="108" align="left"> </td><td height="20" width="16" align="left"> </td><td height="20" width="108" align="left"> </td></tr><tr><td height="20" width="437" align="left"> </td><td height="20" width="18" align="left"> </td><td height="20" width="108" align="left"> </td><td height="20" width="16" align="left"> </td><td height="20" width="108" align="left"> </td></tr><tr><td height="20" width="437" align="left"> </td><td width="250" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="20">Three Months Ended</td></tr><tr><td height="20" style="border-bottom: 1px solid #000000;" align="left" width="437">(In millions)</td><td width="126" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="20">April 30, 2010</td><td width="124" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="20">May 1, 2009</td></tr><tr><td height="20" style="border-top: 1px solid #000000;" align="left" width="437">Cash paid for interest, net of amount capitalized</td><td height="20" style="border-top: 1px solid #000000;" align="right" width="18">$</td><td height="20" style="border-top: 1px solid #000000;" align="right" width="108"> 130 </td><td height="20" style="border-top: 1px solid #000000;" align="right" width="16">$</td><td height="20" style="border-top: 1px solid #000000;" align="right" width="108">130 </td></tr><tr><td height="20" style="border-bottom: 1px solid #000000;" align="left" width="437">Cash paid for income taxes</td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="18">$</td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="108"> 100 </td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="16">$</td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="108"> 68 </td></tr><tr><td height="20" style="border-top: 1px solid #000000;" align="left" width="437">Non-cash investing and financing activities:</td><td height="20" style="border-top: 1px solid #000000;" align="right" width="18"> </td><td height="20" style="border-top: 1px solid #000000;" align="left" width="108"> </td><td height="20" style="border-top: 1px solid #000000;" align="left" width="16"> </td><td height="20" style="border-top: 1px solid #000000;" align="left" width="108"> </td></tr><tr><td height="40" width="437" align="left">Non-cash property acquisitions, including assets acquired under capital lease</td><td height="40" width="18" align="right">$</td><td height="40" width="108" align="right"> 23 </td><td height="40" width="16" align="right">$</td><td height="40" width="108" align="right">54 </td></tr><tr><td height="20" width="437" align="left">Loss on equity method investments</td><td height="20" width="18" align="right">$</td><td height="20" width="108" align="right"> (1)</td><td height="20" width="16" align="right">$</td><td height="20" width="108" align="right"> (1)</td></tr><tr><td height="20" style="border-bottom: 1px solid #000000;" align="left" width="437">Cash dividends declared but not paid</td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="18">$</td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="108"> 130 </td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="16">$</td><td height="20" style="border-bottom: 1px solid #000000;" align="right" width="108"> - </td></tr></table></div>