Consolidated Statements of Earnings - USD ($) $ in Millions	12 Months Ended
Consolidated Statements of Earnings - USD ($) $ in Millions	Jan. 30, 2026	Jan. 31, 2025	Feb. 02, 2024
Current Earnings
Net sales	$ 86,286	$ 83,674	$ 86,377
Cost of sales	57,401	55,797	57,533
Gross margin	28,885	27,877	28,844
Expenses:
Selling, general and administrative	16,791	15,682	15,570
Depreciation and amortization	1,941	1,729	1,717
Operating income	10,153	10,466	11,557
Interest – net	1,406	1,313	1,382
Pre-tax earnings	8,747	9,153	10,175
Income tax provision	2,093	2,196	2,449
Net earnings	$ 6,654	$ 6,957	$ 7,726
Basic earnings per common share (in dollars per share)	$ 11.87	$ 12.25	$ 13.23
Diluted earnings per common share (in dollars per share)	$ 11.85	$ 12.23	$ 13.20
Current Earnings (Percentages)
Net sales	100.00%	100.00%	100.00%
Cost of sales	66.52%	66.68%	66.61%
Gross margin	33.48%	33.32%	33.39%
Expenses (Percentages)
Selling, general and administrative	19.46%	18.74%	18.02%
Depreciation and amortization	2.25%	2.07%	1.99%
Operating income	11.77%	12.51%	13.38%
Interest – net	1.63%	1.57%	1.60%
Pre-tax earnings	10.14%	10.94%	11.78%
Income tax provision	2.43%	2.63%	2.83%
Net earnings	7.71%	8.31%	8.95%

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Jan. 30, 2026	Jan. 31, 2025	Feb. 02, 2024
Cash flows from operating activities:
Net earnings	$ 6,654	$ 6,957	$ 7,726
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	2,194	1,972	1,923
Noncash lease expense	572	520	499
Deferred income taxes	256	9	6
Asset impairment and loss on property - net	53	5	83
Gain on sale of business	0	(177)	(79)
Share-based payment expense	247	221	210
Changes in operating assets and liabilities:
Merchandise inventory – net	703	(514)	1,637
Other operating assets	(243)	93	182
Accounts payable	73	633	(1,820)
Other operating liabilities	(645)	(94)	(2,227)
Net cash provided by operating activities	9,864	9,625	8,140
Cash flows from investing activities:
Purchases of investments	(1,693)	(1,286)	(1,785)
Proceeds from sale/maturity of investments	1,658	1,204	1,722
Capital expenditures	(2,213)	(1,927)	(1,964)
Proceeds from sale of property and other long-term assets	82	105	53
Acquisition of businesses - net	(10,088)	0	0
Proceeds from sale of business	0	177	100
Other – net	(10)	(11)	(27)
Net cash used in investing activities	(12,264)	(1,738)	(1,901)
Cash flows from financing activities:
Net change in commercial paper	0	0	(499)
Net proceeds from issuance of debt	6,974	0	2,983
Repayment of debt	(2,587)	(545)	(601)
Proceeds from issuance of common stock under share-based payment plans	149	159	141
Cash dividend payments	(2,636)	(2,566)	(2,531)
Repurchases of common stock	(211)	(4,053)	(6,138)
Other – net	(68)	(42)	(21)
Net cash provided by/(used in) financing activities	1,621	(7,047)	(6,666)
Net (decrease)/increase in cash and cash equivalents	(779)	840	(427)
Cash and cash equivalents, beginning of year	1,761	921	1,348
Cash and cash equivalents, end of year	$ 982	$ 1,761	$ 921

Consolidated Balance Sheets - USD ($) $ in Millions	Jan. 30, 2026	Jan. 31, 2025
Current assets:
Cash and cash equivalents	$ 982	$ 1,761
Short-term investments	370	372
Receivables - net	1,090	94
Merchandise inventory - net	17,300	17,409
Other current assets	1,213	722
Total current assets	20,955	20,358
Property, less accumulated depreciation	18,362	17,649
Operating lease right-of-use assets	4,303	3,738
Long-term investments	319	277
Deferred income taxes - net	0	244
Goodwill	3,945	311
Intangible assets - net	5,908	277
Other assets	352	248
Total assets	54,144	43,102
Current liabilities:
Current maturities of long-term debt	2,431	2,586
Current operating lease liabilities	713	563
Accounts payable	9,762	9,290
Accrued compensation and employee benefits	1,285	1,008
Deferred revenue	1,477	1,358
Other current liabilities	3,795	3,952
Total current liabilities	19,463	18,757
Long-term debt, excluding current maturities	37,490	32,901
Noncurrent operating lease liabilities	4,043	3,628
Deferred income taxes - net	1,039	0
Deferred revenue - Lowe’s protection plans	1,262	1,268
Other liabilities	764	779
Total liabilities	64,061	57,333
Commitments and contingencies
Shareholders’ deficit:
Preferred stock – $5 par value: Authorized – 5.0 million shares; Issued and outstanding – none	0	0
Common stock – $0.50 par value: Authorized – 5.6 billion shares; Issued and outstanding – 561 million and 560 million, respectively	281	280
Capital in excess of par value	370	0
Accumulated deficit	(10,839)	(14,799)
Accumulated other comprehensive income	271	288
Total shareholders’ deficit	(9,917)	(14,231)
Total liabilities and shareholders’ deficit	$ 54,144	$ 43,102