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36
Lowe’s Companies, Inc.
Consolidated Statements of Shareholders’ Equity
(In millions)
Common Stock
Capital in
Excess
of Par Value
Retained
Earnings
Accumulated
Other
Comprehensive
Income/(Loss)
Tota l
Shareholders’
Equity
Shares
Amount
Balance February 1, 2013
1,110
$
555
$
26
$
13,224
$
52
$
13,857
Comprehensive income:
Net earnings
2,286
Other comprehensive loss
(69
)
Total comprehensive income
2,217
Tax effect of non-qualified stock
options exercised and restricted
stock vested
25
25
Cash dividends declared, $0.70 per
share
(741
)
(741
)
Share-based payment expense
102
102
Repurchase of common stock
(88
)
(44
)
(312
)
(3,414
)
(3,770
)
Issuance of common stock under
share-based payment plans
8
4
159
163
Balance January 31, 2014
1,030
$
515
$
—
$
11,355
$
(17
)
$
11,853
Comprehensive income:
Net earnings
2,698
Other comprehensive loss
(86
)
Total comprehensive income
2,612
Tax effect of non-qualified stock
options exercised and restricted
stock vested
41
41
Cash dividends declared, $0.87 per
share
(858
)
(858
)
Share-based payment expense
111
111
Repurchase of common stock
(75
)
(37
)
(286
)
(3,604
)
(3,927
)
Issuance of common stock under
share-based payment plans
5
2
134
136
Balance January 30, 2015
960
$
480
$
—
$
9,591
$
(103
)
$
9,968
Comprehensive income:
Net earnings
2,546
Other comprehensive loss
(291
)
Total comprehensive income
2,255
Tax effect of non-qualified stock
options exercised and restricted
stock vested
61
61
Cash dividends declared, $1.07 per
share
(991
)
(991
)
Share-based payment expense
112
112
Repurchase of common stock
(54
)
(27
)
(298
)
(3,553
)
(3,878
)
Issuance of common stock under
share-based payment plans
4
2
125
127
Balance January 29, 2016
910
$
455
$
—
$
7,593
$
(394
)
$
7,654
See accompanying notes to consolidated financial statements.