Attached files
| file | filename |
|---|---|
| EX-31.1 - SECTION 302 CERTIFICATION - LOWES COMPANIES INC | exhibit311.htm |
| EXCEL - IDEA: XBRL DOCUMENT - LOWES COMPANIES INC | Financial_Report.xls |
| EX-31.2 - SECTION 302 CERTIFICATION - LOWES COMPANIES INC | exhibit312.htm |
| EX-32.1 - SECTION 906 CERTIFICATION - LOWES COMPANIES INC | exhibit321.htm |
| EX-32.2 - SECTION 906 CERTIFICATION - LOWES COMPANIES INC | exhibit322.htm |
| 10-Q - FORM 10-Q - LOWES COMPANIES INC | form10q.htm |
| EX-15.1 - DELOITTE & TOUCHE LLP LETTER RE UNAUDITED INTERIM FINANCIAL INFORMATION - LOWES COMPANIES INC | exhibit151.htm |
Exhibit 12.1
Lowe's Companies, Inc.
Statement Re Computation of Ratio of Earnings to Fixed Charges
In Millions, Except Ratio Data
Nine Months Ended | Fiscal Years Ended On | ||||||||||||||||||||||||||
October 31, 2014 | November 1, 2013 | January 31, 2014 | February 1, 2013 | February 3, 2012 | January 28, 2011 | January 29, 2010 | |||||||||||||||||||||
Earnings: | |||||||||||||||||||||||||||
Earnings Before Income Taxes | $ | 3,589 | $ | 3,174 | $ | 3,673 | $ | 3,137 | $ | 2,906 | $ | 3,228 | $ | 2,825 | |||||||||||||
Fixed Charges | 504 | 458 | 623 | 605 | 524 | 486 | 468 | ||||||||||||||||||||
Capitalized Interest 1 | 7 | 5 | 8 | 6 | - | (4 | ) | (19 | ) | ||||||||||||||||||
Adjusted Earnings | $ | 4,100 | $ | 3,637 | $ | 4,304 | $ | 3,748 | $ | 3,430 | $ | 3,710 | $ | 3,274 | |||||||||||||
Fixed Charges: | |||||||||||||||||||||||||||
Interest Expense 2 | $ | 390 | $ | 350 | $ | 478 | $ | 463 | $ | 385 | $ | 352 | $ | 331 | |||||||||||||
Rental Expense 3 | 114 | 108 | 145 | 142 | 139 | 134 | 137 | ||||||||||||||||||||
Total Fixed Charges | $ | 504 | $ | 458 | $ | 623 | $ | 605 | $ | 524 | $ | 486 | $ | 468 | |||||||||||||
Ratio of Earnings to Fixed Charges | 8.1 | 7.9 | 6.9 | 6.2 | 6.5 | 7.6 | 7.0 | ||||||||||||||||||||
1 Includes the net of subtractions for interest capitalized and additions for amortization of previously-capitalized interest. | |||||||||||||||||||||||||||
2 Interest accrued on uncertain tax positions is excluded from Interest Expense in the computation of Fixed Charges. | |||||||||||||||||||||||||||
3 The portion of rental expense that is representative of the interest factor in these rentals. | |||||||||||||||||||||||||||