Balance Sheet: Assets
Quarterly Data

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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Lowe’s Cos. Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Feb 2, 2024	Nov 3, 2023	Aug 4, 2023	May 5, 2023	Feb 3, 2023	Oct 28, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 29, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 30, 2020	Jul 31, 2020	May 1, 2020	Jan 31, 2020	Nov 1, 2019	Aug 2, 2019	May 3, 2019	Feb 1, 2019	Nov 2, 2018	Aug 3, 2018	May 4, 2018
Cash and cash equivalents	921)	1,210)	3,494)	2,950)	1,348)	3,192)	1,482)	3,414)	1,133)	6,121)	4,835)	6,692)	4,690)	8,249)	11,641)	5,955)	716)	794)	1,796)	2,973)	511)	1,668)	2,251)	1,565)
Short-term investments	307)	321)	374)	423)	384)	464)	450)	368)	271)	552)	1,420)	454)	506)	1,852)	1,085)	201)	160)	127)	275)	190)	218)	208)	391)	205)
Merchandise inventory, net	16,894)	17,530)	17,422)	19,522)	18,532)	19,817)	19,329)	20,239)	17,605)	16,685)	17,322)	18,382)	16,193)	15,712)	13,831)	14,283)	13,179)	13,716)	13,730)	15,026)	12,561)	12,365)	11,885)	13,204)
Other current assets	949)	907)	946)	1,023)	1,178)	1,518)	1,406)	1,590)	1,051)	1,491)	1,506)	1,288)	937)	1,103)	1,160)	1,487)	1,263)	1,025)	995)	1,146)	938)	897)	956)	1,059)
Current assets	19,071)	19,968)	22,236)	23,918)	21,442)	24,991)	22,667)	25,611)	20,060)	24,849)	25,083)	26,816)	22,326)	26,916)	27,717)	21,926)	15,318)	15,662)	16,796)	19,335)	14,228)	15,138)	15,483)	16,033)
Property, less accumulated depreciation	17,653)	17,527)	17,373)	17,402)	17,567)	17,275)	18,713)	18,890)	19,071)	18,925)	19,031)	19,059)	19,155)	18,683)	18,612)	18,501)	18,669)	18,371)	18,203)	18,150)	18,432)	18,923)	19,172)	19,500)
Operating lease right-of-use assets	3,733)	3,647)	3,650)	3,504)	3,518)	3,512)	4,158)	4,131)	4,108)	4,161)	3,820)	3,886)	3,832)	3,823)	3,798)	3,876)	3,891)	3,873)	3,967)	3,926)	—)	—)	—)	—)
Long-term investments	252)	238)	182)	103)	121)	63)	56)	76)	199)	213)	225)	197)	200)	202)	326)	300)	372)	363)	179)	235)	256)	290)	87)	321)
Deferred income taxes, net	248)	280)	230)	150)	250)	301)	104)	33)	164)	220)	221)	213)	340)	241)	267)	215)	216)	479)	512)	495)	294)	285)	249)	199)
Other assets	838)	859)	850)	840)	810)	831)	1,027)	984)	1,038)	1,032)	1,024)	1,029)	882)	1,015)	1,043)	1,014)	1,005)	1,016)	1,038)	1,078)	1,298)	2,077)	2,114)	2,184)
Noncurrent assets	22,724)	22,551)	22,285)	21,999)	22,266)	21,982)	24,058)	24,114)	24,580)	24,551)	24,321)	24,384)	24,409)	23,964)	24,046)	23,906)	24,153)	24,102)	23,899)	23,884)	20,280)	21,575)	21,622)	22,204)
Total assets	41,795)	42,519)	44,521)	45,917)	43,708)	46,973)	46,725)	49,725)	44,640)	49,400)	49,404)	51,200)	46,735)	50,880)	51,763)	45,832)	39,471)	39,764)	40,695)	43,219)	34,508)	36,713)	37,105)	38,237)

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Lowe’s Cos. Inc. current assets decreased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Property, less accumulated depreciation	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Lowe’s Cos. Inc. property, less accumulated depreciation increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Noncurrent assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Lowe’s Cos. Inc. noncurrent assets increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Lowe’s Cos. Inc. total assets decreased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Lowe’s Cos. Inc. cash and cash equivalents decreased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Short-term investments	Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current.	Lowe’s Cos. Inc. short-term investments decreased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Merchandise inventory, net	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Lowe’s Cos. Inc. merchandise inventory, net increased from Q2 2024 to Q3 2024 but then decreased significantly from Q3 2024 to Q4 2024.

Lowe’s Cos. Inc. (NYSE:LOW)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data