v3.25.2

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Aug. 01, 2025	Jan. 31, 2025	Aug. 02, 2024
Current assets:
Cash and cash equivalents	$ 4,860	$ 1,761	$ 4,360
Short-term investments	396	372	330
Merchandise inventory - net	16,342	17,409	16,841
Other current assets	1,041	816	806
Total current assets	22,639	20,358	22,337
Property, less accumulated depreciation	17,708	17,649	17,515
Operating lease right-of-use assets	3,887	3,738	3,819
Long-term investments	273	277	292
Deferred income taxes - net	140	244	184
Intangibles - net	976	277	284
Goodwill	691	311	311
Other assets	300	248	192
Total assets	46,614	43,102	44,934
Current liabilities:
Current maturities of long-term debt	4,175	2,586	1,290
Current operating lease liabilities	536	563	552
Accounts payable	9,513	9,290	10,336
Accrued compensation and employee benefits	1,098	1,008	1,055
Deferred revenue	1,558	1,358	1,417
Other current liabilities	4,742	3,952	3,596
Total current liabilities	21,622	18,757	18,246
Long-term debt, excluding current maturities	30,548	32,901	34,659
Noncurrent operating lease liabilities	3,801	3,628	3,738
Deferred revenue - Lowe's protection plans	1,283	1,268	1,256
Other liabilities	760	779	798
Total liabilities	58,014	57,333	58,697
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, 568 million, and 560 million, respectively	280	280	284
Capital in excess of par value	147	0	0
Accumulated deficit	(12,108)	(14,799)	(14,342)
Accumulated other comprehensive income	281	288	295
Total shareholders' deficit	(11,400)	(14,231)	(13,763)
Total liabilities and shareholders' deficit	$ 46,614	$ 43,102	$ 44,934

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

LOWES COMPANIES INC 10-Q