Consolidated Statements of Earnings (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 31, 2026	Aug. 01, 2025	Jul. 31, 2026	Aug. 01, 2025
Current Earnings
Net sales	$ 25,956	$ 23,959	$ 49,034	$ 44,888
Cost of sales	17,379	15,858	32,914	29,800
Gross margin	8,577	8,101	16,120	15,088
Expenses:
Selling, general and administrative	4,456	4,175	8,879	8,222
Depreciation and amortization	572	457	1,138	902
Operating income	3,549	3,469	6,103	5,964
Interest – net	374	313	773	650
Pre-tax earnings	3,175	3,156	5,330	5,314
Income tax provision	776	758	1,303	1,276
Net earnings	$ 2,399	$ 2,398	$ 4,027	$ 4,038
Weighted-average common shares outstanding - basic (in shares)	559	559	559	559
Basic earnings per common share (in dollars per share)	$ 4.28	$ 4.28	$ 7.18	$ 7.21
Weighted-average common shares outstanding - diluted (in shares)	560	560	560	560
Diluted earnings per common share (in dollars per share)	$ 4.27	$ 4.27	$ 7.17	$ 7.19
Current Earnings (Percentages)
Net sales	100.00%	100.00%	100.00%	100.00%
Cost of sales	66.96%	66.19%	67.13%	66.39%
Gross margin	33.04%	33.81%	32.87%	33.61%
Expenses:
Selling, general and administrative	17.17%	17.42%	18.10%	18.31%
Depreciation and amortization	2.20%	1.91%	2.32%	2.01%
Operating income	13.67%	14.48%	12.45%	13.29%
Interest – net	1.44%	1.31%	1.58%	1.45%
Pre-tax earnings	12.23%	13.17%	10.87%	11.84%
Income tax provision	2.99%	3.16%	2.66%	2.84%
Net earnings	9.24%	10.01%	8.21%	9.00%

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jul. 31, 2026	Aug. 01, 2025
Cash flows from operating activities:
Net earnings	$ 4,027	$ 4,038
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	1,292	1,022
Noncash lease expense	338	267
Deferred income taxes	165	70
Loss on property and other assets - net	15	30
Share-based payment expense	132	117
Changes in operating assets and liabilities:
Receivables - net	(157)	(22)
Merchandise inventory – net	(436)	1,173
Other operating assets	236	20
Accounts payable	1,313	150
Other operating liabilities	84	745
Net cash provided by operating activities	7,009	7,610
Cash flows from investing activities:
Purchases of investments	(808)	(845)
Proceeds from sale/maturity of investments	1,079	827
Capital expenditures	(1,063)	(1,013)
Proceeds from sale of property and other long-term assets	8	7
Acquisition of business - net	(5)	(1,314)
Other – net	28	(5)
Net cash used in investing activities	(761)	(2,343)
Cash flows from financing activities:
Repayment of debt	(2,397)	(796)
Proceeds from issuance of common stock under share-based payment plans	71	70
Cash dividend payments	(1,346)	(1,290)
Repurchases of common stock	(366)	(113)
Other – net	(20)	(39)
Net cash used in financing activities	(4,058)	(2,168)
Net increase in cash and cash equivalents	2,190	3,099
Cash and cash equivalents, beginning of period	982	1,761
Cash and cash equivalents, end of period	$ 3,172	$ 4,860

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jul. 31, 2026	Jan. 30, 2026	Aug. 01, 2025
Current assets:
Cash and cash equivalents	$ 3,172	$ 982	$ 4,860
Short-term investments	235	370	396
Receivables - net	1,238	1,090	320
Merchandise inventory - net	17,737	17,300	16,342
Other current assets	960	1,213	721
Total current assets	23,342	20,955	22,639
Property, less accumulated depreciation	18,276	18,362	17,708
Operating lease right-of-use assets	4,071	4,303	3,887
Long-term investments	179	319	273
Deferred income taxes - net	0	0	140
Intangible assets - net	5,709	5,908	976
Goodwill	3,957	3,945	691
Other assets	347	352	300
Total assets	55,881	54,144	46,614
Current liabilities:
Current maturities of long-term debt	2,352	2,431	4,175
Current operating lease liabilities	733	713	536
Accounts payable	11,076	9,762	9,513
Accrued compensation and employee benefits	1,168	1,285	1,098
Deferred revenue	1,609	1,477	1,558
Other current liabilities	4,194	3,795	4,742
Total current liabilities	21,132	19,463	21,622
Long-term debt, excluding current maturities	35,204	37,490	30,548
Noncurrent operating lease liabilities	3,734	4,043	3,801
Deferred income taxes - net	1,201	1,039	0
Deferred revenue - Lowe's protection plans	1,253	1,262	1,283
Other liabilities	794	764	760
Total liabilities	63,318	64,061	58,014
Shareholders' deficit:
Preferred stock, $5 par value: Authorized – 5.0 million shares; Issued and outstanding – none	0	0	0
Common stock, $0.50 par value: Authorized – 5.6 billion shares; Issued and outstanding – 561 million, 561 million, and 561 million, respectively	281	281	280
Capital in excess of par value	207	370	147
Accumulated deficit	(8,187)	(10,839)	(12,108)
Accumulated other comprehensive income	262	271	281
Total shareholders' deficit	(7,437)	(9,917)	(11,400)
Total liabilities and shareholders' deficit	$ 55,881	$ 54,144	$ 46,614