Debt (Tables)

12 Months Ended

Jan. 30, 2026


Debt Category (In millions, except percentage data)	Weighted-Average Interest Rate as of January 30, 2026		January 30, 2026		January 31, 2025
Secured debt:
Mortgage notes due through fiscal 20271	6.24	%	$	1	$	1
Unsecured debt:
Notes due through fiscal 2030	3.29	%	12,638		13,700
Notes due fiscal 2031-2035	4.26	%	9,140		5,565
Notes due fiscal 2036-2040	5.74	%	1,054		1,054
Notes due fiscal 2041-2045	3.88	%	2,456		2,454
Notes due fiscal 2046-2050	3.78	%	5,574		5,572
Notes due fiscal 2051-2055	4.86	%	3,954		3,953

Notes due fiscal 2061-2065	5.19	%	2,714		2,713
2025 Term Loan	4.88	%	1,999		—
Finance lease obligations due through fiscal 2043			391		475

Total long-term debt			39,921		35,487
Less: current maturities			(2,431)		(2,586)
Long-term debt, excluding current maturities			$	37,490	$	32,901

1 Real properties with an aggregate book value of $11 million as of January 30, 2026, were pledged as collateral for secured debt.

In addition, on September 30, 2025, the Company issued $5.0 billion of unsecured fixed rate notes (collectively, the September 2025 Notes) as follows:


Principal Amount (in millions)		Maturity Date	Interest Rate	Discount (in millions)
$	650	October 2027	3.950%	$	2
$	750	October 2028	4.000%	$	3
$	1,100	March 2031	4.250%	$	6
$	1,300	October 2032	4.500%	$	8
$	1,200	October 2035	4.850%	$	8

Schedule of Maturities of Long-term Debt

Principal amount of debt maturities, exclusive of unamortized original issue discounts, unamortized debt issuance costs, fair-value hedge adjustments, and finance lease obligations, for the next five fiscal years and thereafter are as follows:


(In millions)	Principal
Fiscal 2026	$	2,350
Fiscal 2027	3,018
Fiscal 2028	5,005
Fiscal 2029	1,811
Fiscal 2030	2,500
Thereafter	25,135
Total	$	39,819

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

LOWES COMPANIES INC 10-K