LOWES COMPANIES INC Goodwill & Intangibles Disclosure
| (In millions) | Retail Home Improvement | Other | Consolidated | ||||||||||||||
| Goodwill, balance at February 2, 2024 | $ | 311 | $ | — | $ | 311 | |||||||||||
| Acquisitions | — | — | — | ||||||||||||||
Goodwill, balance at January 31, 2025 | $ | 311 | $ | — | $ | 311 | |||||||||||
| Acquisitions | — | 3,634 | 3,634 | ||||||||||||||
Goodwill, balance at January 30, 2026 | $ | 311 | $ | 3,634 | $ | 3,945 | |||||||||||
| January 30, 2026 | January 31, 2025 | ||||||||||||||||||||||
| (In millions) | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | |||||||||||||||||
| Definite-lived intangible assets: | |||||||||||||||||||||||
| Customer-related | $ | 4,722 | $ | (174) | $ | 4,548 | $ | 238 | $ | (96) | $ | 142 | |||||||||||
| Trademarks and trade names | 1,100 | (40) | 1,060 | 20 | (19) | 1 | |||||||||||||||||
| Other | 208 | (42) | 166 | 1 | (1) | — | |||||||||||||||||
| Total definite-lived intangible assets | $ | 6,030 | $ | (256) | $ | 5,774 | $ | 259 | $ | (116) | $ | 143 | |||||||||||
| Indefinite-lived intangible assets: | |||||||||||||||||||||||
| Trademark | $ | 134 | $ | — | $ | 134 | $ | 134 | $ | — | $ | 134 | |||||||||||
| Total intangible assets | $ | 6,164 | $ | (256) | $ | 5,908 | $ | 393 | $ | (116) | $ | 277 | |||||||||||
| Years Ended | |||||||||||
| (In millions) | January 30, 2026 | January 31, 2025 | February 2, 2024 | ||||||||
| Amortization expense | $ | 140 | $ | 13 | $ | 13 | |||||
| (In millions) | Amortization Expense | ||||
| Fiscal 2026 | $ | 397 | |||
| Fiscal 2027 | 329 | ||||
| Fiscal 2028 | 329 | ||||
| Fiscal 2029 | 329 | ||||
| Fiscal 2030 | 323 | ||||
| Thereafter | 4,067 | ||||
| Total | $ | 5,774 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Mar 23, 2026 | Showing above |
| 2023 | Mar 27, 2023 | |
| 2022 | Mar 21, 2022 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.