Lowe's 2015 Annual Report Download - page 69

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60
Supplemental disclosures of cash flow information:
(In millions)
2015
2014
2013
Cash paid for interest, net of amount capitalized
$
535
$
504
$
454
Cash paid for income taxes, net
$
2,055
$
1,534
$
1,505
Non-cash investing and financing activities:
Non-cash property acquisitions, including assets acquired under capital lease
$
102
$
44
$
15
Cash dividends declared but not paid
$
255
$
222
$
186
Sales by product category:
2015
2014 1
2013 1
(Dollars in millions)
Total Sales
%
Total Sales
%
Total Sales
%
Lumber & Building Materials
$
7,110
12
%
$
6,877
12
%
$
6,591
12
%
Tools & Hardware
6,505
11
6,193
11
5,803
11
Appliances
6,477
11
5,710
10
5,276
10
Fashion Fixtures
5,812
10
5,600
10
5,278
10
Rough Plumbing & Electrical
5,218
9
4,996
9
4,751
9
Lawn & Garden
4,756
8
4,622
8
4,419
8
Seasonal Living
3,953
7
3,735
7
3,620
7
Paint
3,716
6
3,619
6
3,472
6
Flooring
3,338
6
3,218
6
3,061
6
Millwork
3,277
6
3,141
6
2,943
6
Kitchens
3,245
5
3,138
6
3,074
6
Outdoor Power Equipment
2,499
4
2,340
4
2,218
4
Home Fashions
2,470
4
2,414
4
2,350
4
Other
698
1
620
1
561
1
Totals
$
59,074
100
%
$
56,223
100
%
$
53,417
100
%
1 Certain prior period amounts have been reclassified to conform to current product category classifications.
NOTE 16: Subsequent Events
On February 2, 2016, the Company entered into a definitive agreement to acquire all of the issued and outstanding common
shares of RONA inc. (RONA) for C$24 per share in cash and preferred shares for C$20 per share in cash, for a total transaction
price of approximately C$3.2 billion. RONA is one of Canada’s largest retailers and distributors of hardware, building
materials, home renovation, and gardening products. The transaction has been unanimously approved by the Boards of
Directors of Lowe’s and RONA and is supported by the management teams of both companies; however, the transaction is
subject to both shareholder and regulatory approvals. The transaction is expected to close in fiscal year 2016.