Consolidated Statements of Earnings (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2025	Nov. 01, 2024	Oct. 31, 2025	Nov. 01, 2024
Current Earnings
Net sales	$ 20,813	$ 20,170	$ 65,701	$ 65,120
Cost of sales	13,697	13,374	43,497	43,340
Gross margin	7,116	6,796	22,204	21,780
Expenses:
Selling, general and administrative	4,160	3,827	12,381	11,860
Depreciation and amortization	475	433	1,378	1,284
Operating income	2,481	2,536	8,445	8,636
Interest – net	352	317	1,002	985
Pre-tax earnings	2,129	2,219	7,443	7,651
Income tax provision	513	524	1,789	1,818
Net earnings	$ 1,616	$ 1,695	$ 5,654	$ 5,833
Weighted-average common shares outstanding - basic (in shares)	559	565	559	568
Basic earnings per common share (in dollars per share)	$ 2.88	$ 2.99	$ 10.09	$ 10.24
Weighted-average common shares outstanding - diluted (in shares)	560	566	560	569
Diluted earnings per common share (in dollars per share)	$ 2.88	$ 2.99	$ 10.07	$ 10.22
Current Earnings (Percentages)
Net sales	100.00%	100.00%	100.00%	100.00%
Cost of sales	65.81%	66.31%	66.20%	66.55%
Gross margin	34.19%	33.69%	33.80%	33.45%
Expenses (Percentages):
Selling, general and administrative	19.99%	18.97%	18.85%	18.22%
Depreciation and amortization	2.28%	2.15%	2.10%	1.97%
Operating income	11.92%	12.57%	12.85%	13.26%
Interest – net	1.69%	1.57%	1.52%	1.51%
Pre-tax earnings	10.23%	11.00%	11.33%	11.75%
Income tax provision	2.46%	2.59%	2.72%	2.79%
Net earnings	7.77%	8.41%	8.61%	8.96%

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Oct. 31, 2025	Nov. 01, 2024
Cash flows from operating activities:
Net earnings	$ 5,654	$ 5,833
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	1,557	1,461
Noncash lease expense	405	392
Deferred income taxes	24	(10)
Loss on property and other assets – net	45	11
Gain on sale of business	0	(97)
Share-based payment expense	177	164
Changes in operating assets and liabilities:
Merchandise inventory – net	816	(672)
Other operating assets	26	114
Accounts payable	552	1,944
Other operating liabilities	(959)	(426)
Net cash provided by operating activities	8,297	8,714
Cash flows from investing activities:
Purchases of investments	(1,290)	(999)
Proceeds from sale/maturity of investments	1,252	918
Capital expenditures	(1,610)	(1,379)
Proceeds from sale of property and other long-term assets	25	54
Acquisitions of businesses - net	(10,055)	0
Proceeds from sale of business	0	97
Other – net	(9)	(11)
Net cash used in investing activities	(11,687)	(1,320)
Cash flows from financing activities:
Net proceeds from issuance of debt	6,974	0
Repayment of debt	(2,568)	(522)
Proceeds from issuance of common stock under share-based payment plans	82	95
Cash dividend payments	(1,963)	(1,916)
Repurchases of common stock	(211)	(2,681)
Other – net	(64)	(20)
Net cash provided by/(used in) financing activities	2,250	(5,044)
Net (decrease)/increase in cash and cash equivalents	(1,140)	2,350
Cash and cash equivalents, beginning of period	1,761	921
Cash and cash equivalents, end of period	$ 621	$ 3,271

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Oct. 31, 2025	Jan. 31, 2025	Nov. 01, 2024
Current assets:
Cash and cash equivalents	$ 621	$ 1,761	$ 3,271
Short-term investments	412	372	335
Receivables - net	1,216	94	108
Merchandise inventory - net	17,183	17,409	17,566
Other current assets	788	722	697
Total current assets	20,220	20,358	21,977
Property, less accumulated depreciation	18,309	17,649	17,586
Operating lease right-of-use assets	4,345	3,738	3,771
Long-term investments	280	277	312
Deferred income taxes - net	0	244	261
Intangible assets - net	5,994	277	281
Goodwill	3,982	311	311
Other assets	323	248	244
Total assets	53,453	43,102	44,743
Current liabilities:
Current maturities of long-term debt	2,437	2,586	2,576
Current operating lease liabilities	691	563	497
Accounts payable	10,236	9,290	10,602
Accrued compensation and employee benefits	1,023	1,008	828
Deferred revenue	1,537	1,358	1,359
Other current liabilities	3,527	3,952	3,585
Total current liabilities	19,451	18,757	19,447
Long-term debt, excluding current maturities	37,498	32,901	32,906
Noncurrent operating lease liabilities	4,070	3,628	3,741
Deferred income taxes - net	808	0	0
Deferred revenue - Lowe's protection plans	1,273	1,268	1,260
Other liabilities	735	779	808
Total liabilities	63,835	57,333	58,162
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, 565 million, and 560 million, respectively	280	280	282
Capital in excess of par value	228	0	0
Accumulated deficit	(11,165)	(14,799)	(13,993)
Accumulated other comprehensive income	275	288	292
Total shareholders' deficit	(10,382)	(14,231)	(13,419)
Total liabilities and shareholders' deficit	$ 53,453	$ 43,102	$ 44,743