Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
Lowe’s Cos. Inc., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2026-01-30), 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).
Net earnings exhibited significant volatility over the observed period. An increase from US$5,835 million in 2021 to US$8,442 million in 2022 was followed by a decrease to US$6,437 million in 2023, then a recovery to US$7,726 million in 2024. Projections for 2025 and 2026 indicate a slight downward trend, with net earnings forecast at US$6,957 million and US$6,654 million respectively.
- Foreign Currency Translation Adjustments
- Fluctuations were present in foreign currency translation adjustments. A positive adjustment of US$78 million in 2021 was followed by a negative adjustment of US$4 million in 2022. The value increased substantially to US$36 million in 2023, then decreased to US$5 million in 2024. No projections are available for 2025 and 2026.
- Cash Flow Hedges
- Cash flow hedges demonstrated considerable variability. A negative impact of US$79 million was recorded in 2021, which reversed to a positive impact of US$109 million in 2022. This positive impact continued to grow, reaching US$309 million in 2023, before becoming negative again at US$ -14 million in 2024. Projected values for 2025 and 2026 show continued negative impacts, decreasing to US$ -13 million and US$ -17 million respectively.
- Other Comprehensive Income (Loss)
- Other comprehensive income (loss) was relatively stable until 2023. It was not reported for 2021, but reached US$100 million in 2022 and US$343 million in 2023. A shift to negative values occurred in 2024 with a loss of US$7 million, and this trend is projected to continue with losses of US$12 million and US$17 million in 2025 and 2026 respectively.
Comprehensive income generally mirrored the trend in net earnings, increasing from US$5,835 million in 2021 to US$8,542 million in 2022, decreasing to US$6,780 million in 2023, and then increasing to US$7,719 million in 2024. Forecasts for 2025 and 2026 suggest a slight decline, with comprehensive income projected at US$6,945 million and US$6,637 million respectively. The fluctuations in other comprehensive income components contribute to the overall variability in comprehensive income.
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