Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Lowe’s Cos. Inc., adjusted total assets

US$ in millions

	Jan 31, 2025	Feb 2, 2024	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020
As Reported
Total assets	43,102)	41,795)	43,708)	44,640)	46,735)	39,471)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)	—)
Less: Deferred tax assets²	244)	248)	250)	164)	340)	216)
After Adjustment
Adjusted total assets	42,858)	41,547)	43,458)	44,476)	46,395)	39,255)

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets. See details »

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Lowe’s Cos. Inc., adjusted current liabilities

US$ in millions

	Jan 31, 2025	Feb 2, 2024	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020
As Reported
Current liabilities	18,757)	15,568)	19,511)	19,668)	18,730)	15,182)
Adjustments
Less: Current deferred revenue	1,358)	1,408)	1,603)	1,914)	1,608)	1,219)
After Adjustment
Adjusted current liabilities	17,399)	14,160)	17,908)	17,754)	17,122)	13,963)

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31).

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Lowe’s Cos. Inc., adjusted total liabilities

US$ in millions

	Jan 31, 2025	Feb 2, 2024	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020
As Reported
Total liabilities	57,333)	56,845)	57,962)	49,456)	45,298)	37,499)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)	—)
Less: Deferred revenue	2,626)	2,633)	2,804)	3,041)	2,627)	2,113)
After Adjustment
Adjusted total liabilities	54,707)	54,212)	55,158)	46,415)	42,671)	35,386)

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

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Lowe’s Cos. Inc., adjusted shareholders’ equity (deficit)

US$ in millions

	Jan 31, 2025	Feb 2, 2024	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020
As Reported
Shareholders’ equity (deficit)	(14,231)	(15,050)	(14,254)	(4,816)	1,437)	1,972)
Adjustments
Less: Net deferred tax assets (liabilities)¹	244)	248)	250)	164)	340)	216)
Add: Deferred revenue	2,626)	2,633)	2,804)	3,041)	2,627)	2,113)
After Adjustment
Adjusted shareholders’ equity (deficit)	(11,849)	(12,665)	(11,700)	(1,939)	3,724)	3,869)

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31).

¹ Net deferred tax assets (liabilities). See details »

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Lowe’s Cos. Inc., adjusted capitalization table

US$ in millions

	Jan 31, 2025	Feb 2, 2024	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020
As Reported
Short-term borrowings	—)	—)	499)	—)	—)	1,941)
Current maturities of long-term debt	2,586)	537)	585)	868)	1,112)	597)
Long-term debt, excluding current maturities	32,901)	35,384)	32,876)	23,859)	20,668)	16,768)
Total reported debt	35,487)	35,921)	33,960)	24,727)	21,780)	19,306)
Shareholders’ equity (deficit)	(14,231)	(15,050)	(14,254)	(4,816)	1,437)	1,972)
Total reported capital	21,256)	20,871)	19,706)	19,911)	23,217)	21,278)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)	—)
Add: Current operating lease liabilities²	563)	487)	522)	636)	541)	501)
Add: Noncurrent operating lease liabilities³	3,628)	3,737)	3,512)	4,021)	3,890)	3,943)
Adjusted total debt	39,678)	40,145)	37,994)	29,384)	26,211)	23,750)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	244)	248)	250)	164)	340)	216)
Add: Deferred revenue	2,626)	2,633)	2,804)	3,041)	2,627)	2,113)
Adjusted shareholders’ equity (deficit)	(11,849)	(12,665)	(11,700)	(1,939)	3,724)	3,869)
After Adjustment
Adjusted total capital	27,829)	27,480)	26,294)	27,445)	29,935)	27,619)

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities. See details »

³ Noncurrent operating lease liabilities. See details »

⁴ Net deferred tax assets (liabilities). See details »

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Lowe’s Cos. Inc., adjusted net sales

US$ in millions

12 months ended:	Jan 31, 2025	Feb 2, 2024	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020
As Reported
Net sales	83,674)	86,377)	97,059)	96,250)	89,597)	72,148)
Adjustment
Add: Increase (decrease) in deferred revenue	(7)	(171)	(237)	414)	514)	(13)
After Adjustment
Adjusted net sales	83,667)	86,206)	96,822)	96,664)	90,111)	72,135)

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31).

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Lowe’s Cos. Inc., adjusted net earnings

US$ in millions

12 months ended:	Jan 31, 2025	Feb 2, 2024	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020
As Reported
Net earnings	6,957)	7,726)	6,437)	8,442)	5,835)	4,281)
Adjustments
Add: Deferred income tax expense (benefit)¹	8)	5)	(188)	140)	(99)	139)
Add: Increase (decrease) in deferred revenue	(7)	(171)	(237)	414)	514)	(13)
Add: Other comprehensive income (loss)	(12)	(7)	343)	100)	—)	73)
After Adjustment
Adjusted net earnings	6,946)	7,553)	6,355)	9,096)	6,250)	4,480)

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31).

¹ Deferred income tax expense (benefit). See details »

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Lowe’s Cos. Inc. (NYSE:LOW)

Adjustments to Financial Statements

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income