Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Lowe’s Cos. Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Jan 31, 2025	Feb 2, 2024	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020
Short-term borrowings	—)	—)	499)	—)	—)	1,941)
Current maturities of long-term debt	2,586)	537)	585)	868)	1,112)	597)
Current operating lease liabilities	563)	487)	522)	636)	541)	501)
Accounts payable	9,290)	8,704)	10,524)	11,354)	10,884)	7,659)
Accrued compensation and employee benefits	1,008)	954)	1,109)	1,561)	1,350)	684)
Deferred revenue	1,358)	1,408)	1,603)	1,914)	1,608)	1,219)
Accrued dividends	645)	633)	633)	537)	440)	420)
Income taxes payable	491)	33)	1,181)	128)	168)	15)
Accrued interest	449)	456)	441)	275)	250)	221)
Self-insurance liabilities	432)	431)	424)	440)	435)	501)
Sales tax liabilities	195)	164)	314)	228)	256)	153)
Sales return reserve	167)	191)	234)	245)	252)	194)
Accrued property taxes	138)	130)	119)	124)	120)	104)
Other	1,435)	1,440)	1,323)	1,358)	1,314)	973)
Other current liabilities	3,952)	3,478)	4,669)	3,335)	3,235)	2,581)
Current liabilities	18,757)	15,568)	19,511)	19,668)	18,730)	15,182)
Long-term debt, excluding current maturities	32,901)	35,384)	32,876)	23,859)	20,668)	16,768)
Noncurrent operating lease liabilities	3,628)	3,737)	3,512)	4,021)	3,890)	3,943)
Deferred revenue, Lowe’s protection plans	1,268)	1,225)	1,201)	1,127)	1,019)	894)
Other liabilities	779)	931)	862)	781)	991)	712)
Noncurrent liabilities	38,576)	41,277)	38,451)	29,788)	26,568)	22,317)
Total liabilities	57,333)	56,845)	57,962)	49,456)	45,298)	37,499)
Preferred stock, $5 par value, issued and outstanding: none	—)	—)	—)	—)	—)	—)
Common stock, $.50 par value	280)	287)	301)	335)	366)	381)
Capital in excess of par value	—)	—)	—)	—)	90)	—)
Retained earnings (accumulated deficit)	(14,799)	(15,637)	(14,862)	(5,115)	1,117)	1,727)
Accumulated other comprehensive income (loss)	288)	300)	307)	(36)	(136)	(136)
Shareholders’ equity (deficit)	(14,231)	(15,050)	(14,254)	(4,816)	1,437)	1,972)
Total liabilities and shareholders’ equity (deficit)	43,102)	41,795)	43,708)	44,640)	46,735)	39,471)

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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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Lowe’s Cos. Inc. current liabilities decreased from 2023 to 2024 but then increased from 2024 to 2025 not reaching 2023 level.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Lowe’s Cos. Inc. noncurrent liabilities increased from 2023 to 2024 but then slightly decreased from 2024 to 2025 not reaching 2023 level.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Lowe’s Cos. Inc. total liabilities decreased from 2023 to 2024 but then slightly increased from 2024 to 2025.
Shareholders’ equity (deficit)	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Lowe’s Cos. Inc. shareholders’ equity (deficit) decreased from 2023 to 2024 but then increased from 2024 to 2025 exceeding 2023 level.

Lowe’s Cos. Inc. (NYSE:LOW)

Balance Sheet: Liabilities and Stockholders’ Equity