XML 25 R11.htm IDEA: XBRL DOCUMENT
v3.25.3

Revenue | 9 Months Ended
--- | ---
Oct. 31, 2025
Revenue from Contract with Customer [Abstract] |
Revenue | Revenue Net sales consists primarily of revenue, net of sales tax, associated with contracts with customers for the sale of goods and services in amounts that reflect consideration the Company is entitled to in exchange for those goods and services. The following table presents the Company’s sources of revenue:
(In millions) | Three Months Ended |  | Nine Months Ended
October 31, 2025 |  | November 1, 2024 |  | October 31, 2025 |  | November 1, 2024
Products | $ | 19,676 |  |  | $ | 19,304 |  |  | $ | 62,817 |  |  | $ | 62,699 |
Services | 753 |  |  | 532 |  |  | 1,953 |  |  | 1,612 |
Other | 384 |  |  | 334 |  |  | 931 |  |  | 809 |
Net sales | $ | 20,813 |  |  | $ | 20,170 |  |  | $ | 65,701 |  |  | $ | 65,120 |
A provision for anticipated merchandise returns is provided through a reduction of sales and cost of sales in the period that the related sales are recorded. The merchandise return reserve is presented on a gross basis, with a separate asset and liability included in the consolidated balance sheets. The balances and classification within the consolidated balance sheets for anticipated sales returns and the associated right of return assets are as follows:
(In millions) | Classification | October 31, 2025 |  | November 1, 2024 |  | January 31, 2025
Anticipated sales returns | Other current liabilities | $ | 207 |  |  | $ | 212 |  |  | $ | 167 |
Right of return assets | Other current assets | 122 |  |  | 123 |  |  | 99 |
Deferred revenue - retail and stored-value cards Retail deferred revenue consists of amounts received for which customers have not yet taken possession of the merchandise or for which installation has not yet been completed. The majority of revenue for goods and services is recognized in the quarter following revenue deferral. Stored-value cards deferred revenue includes outstanding stored-value cards such as gift cards and returned merchandise credits that have not yet been redeemed. Deferred revenue for retail and stored-value cards are as follows:
(In millions) | October 31, 2025 |  | November 1, 2024 |  | January 31, 2025
Retail deferred revenue | $ | 1,080 |  |  | $ | 878 |  |  | $ | 770 |
Stored-value cards deferred revenue | 457 |  |  | 481 |  |  | 588 |
Deferred revenue | $ | 1,537 |  |  | $ | 1,359 |  |  | $ | 1,358 |
Deferred revenue - Lowe’s protection plans The Company defers revenues for its separately-priced long-term extended protection plan contracts (Lowe’s protection plans) and recognizes revenue on a straight-line basis over the respective contract term. Expenses for claims are recognized in cost of sales when incurred.
(In millions) | October 31, 2025 |  | November 1, 2024 |  | January 31, 2025
Deferred revenue - Lowe’s protection plans | $ | 1,273 |  |  | $ | 1,260 |  |  | $ | 1,268 |
| Three Months Ended |  | Nine Months Ended
(In millions) | October 31, 2025 |  | November 1, 2024 |  | October 31, 2025 |  | November 1, 2024
Lowe’s protection plans deferred revenue recognized into sales | $ | 144 |  |  | $ | 141 |  |  | $ | 430 |  |  | $ | 420 |
Lowe’s protection plans claim expenses | 63 |  |  | 54 |  |  | 182 |  |  | 158 |
Disaggregation of Revenues The following table presents the Company’s net sales disaggregated by merchandise division:
| Three Months Ended |  | Nine Months Ended
| October 31, 2025 |  | November 1, 2024 |  | October 31, 2025 |  | November 1, 2024
(In millions) | Net Sales |  | % |  | Net Sales |  | % |  | Net Sales |  | % |  | Net Sales |  | %
Home Décor 1 | $ | 7,802 |  |  | 37.5 | % |  | $ | 7,565 |  |  | 37.5 | % |  | $ | 23,729 |  |  | 36.1 | % |  | $ | 23,421 |  |  | 36.0 | %
Building Products 2 | 6,875 |  |  | 33.0 |  |  | 6,726 |  |  | 33.3 |  |  | 20,508 |  |  | 31.2 |  |  | 20,452 |  |  | 31.4 |
Hardlines 3 | 5,116 |  |  | 24.6 |  |  | 5,306 |  |  | 26.3 |  |  | 19,324 |  |  | 29.4 |  |  | 19,639 |  |  | 30.2 |
Other | 1,020 |  |  | 4.9 |  |  | 573 |  |  | 2.9 |  |  | 2,140 |  |  | 3.3 |  |  | 1,608 |  |  | 2.4 |
Total | $ | 20,813 |  |  | 100.0 | % |  | $ | 20,170 |  |  | 100.0 | % |  | $ | 65,701 |  |  | 100.0 | % |  | $ | 65,120 |  |  | 100.0 | %
Note: Merchandise division net sales for the prior period have been reclassified to conform to the current period presentation. 1 Home Décor includes the following product categories: Appliances, Décor, Flooring, Kitchens & Bath, and Paint. 2 Building Products includes the following product categories: Building Materials, Electrical, Lumber, Millwork, and Rough Plumbing. 3 Hardlines includes the following product categories: Hardware, Lawn & Garden, Seasonal & Outdoor Living, and Tools.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration