Item 9A. Controls and Procedures
Item 9A - Controls and Procedures
The Company’s management, with the participation of the Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of the Company’s “disclosure controls and procedures”, (as such term is defined in Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934, as amended, (the Exchange Act)). Based upon their evaluation, the Chief Executive Officer and Chief Financial Officer concluded that, as of the end of the period covered by this Annual Report, the Company’s disclosure controls and procedures were effective for the purpose of ensuring that the information required to be disclosed in the reports that the Company files or submits under the Exchange Act with the Securities and Exchange Commission (the SEC) (1) is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and (2) is accumulated and communicated to the Company’s management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.
Management’s report on internal control over financial reporting (as such term is defined in Rule 13a-15(f) under the Exchange Act) and the report of Deloitte & Touche LLP, the Company’s independent registered public accounting firm, are included in Item 8 of this Annual Report.
In addition, no change in the Company’s internal control over financial reporting occurred during the fiscal fourth quarter ended January 28, 2022, that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.
Item 9B - Other Information
None.
Item 9C - Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
Not applicable.
68
Table of Contents
Part III
Item 10 - Directors, Executive Officers and Corporate Governance
The information required by this item with respect to our executive officers appears in Part I of this Annual Report under the heading, “Information About Our Executive Officers”. The other information required by this item is furnished by incorporation by reference to the information under the headings “Proposal 1: Election of Directors”, “Corporate Governance”, and “Additional Information - Shareholder Proposals for the 2023 Annual Meeting” in the definitive Proxy Statement for the 2022 annual meeting of shareholders, which will be filed with the SEC within 120 days after the fiscal year ended January 28, 2022 (the Proxy Statement).
We have adopted a written code of business conduct and ethics, which is intended to qualify as a “code of ethics” within the meaning of Item 406 of Regulation S-K of the Exchange Act, which we refer to as the Lowe’s Code of Business Conduct and Ethics (the Code). The Code applies to all employees of the Company, including our principal executive officer, principal financial officer, principal accounting officer or persons performing similar functions. The Code is designed to ensure that the Company’s business is conducted in a legal and ethical manner. The Code covers all areas of professional conduct, including compliance with laws and regulations, conflicts of interest, fair dealing among customers and suppliers, corporate opportunity, confidential information, insider trading, employee relations, and accounting complaints. The full text of the Code can be found on our website at www.Lowes.com, under the “About Lowe’s”, “Investors”, and “Corporate Governance - Governance Documents” headings. You can also obtain a copy of the complete Code by contacting Investor Relations by phone at 1-800-813-7613 or email at investorrelations@lowes.com.
We will disclose information pertaining to amendments or waivers to provisions of the Code that apply to our principal executive officer, principal financial officer, principal accounting officer or persons performing similar functions and that relate to any element of the Code enumerated in the SEC rules and regulations by posting this information on our website at www.Lowes.com. The information on our website is not a part of this Annual Report and is not incorporated by reference in this report or any of our other filings with the SEC.
Item 11 - Executive Compensation
The information required by this item is furnished by incorporation by reference to the information under the headings “Corporate Governance – Compensation of Directors”, “Compensation Discussion and Analysis”, “Compensation Tables”, and “Compensation Committee Interlocks and Insider Participation” in the Proxy Statement.
Item 12 - Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
The information required by this item is furnished by incorporation by reference to the information under the headings “Security Ownership of Certain Beneficial Owners and Management” and “Equity Compensation Plan Information” in the Proxy Statement.
Item 13 - Certain Relationships and Related Transactions, and Director Independence
The information required by this item is furnished by incorporation by reference to the information under the headings “Corporate Governance – Director Independence”, “Related Person Transactions”, and “Appendix B: Categorical Standards for Determination of Director Independence” in the Proxy Statement.
Item 14 - Principal Accountant Fees and Services
The information required by this item is furnished by incorporation by reference to the information under the heading “Audit Matters – Fees Paid to the Independent Registered Public Accounting Firm” in the Proxy Statement.
69
Table of Contents
Part IV
Item 15 – Exhibits and Financial Statement Schedules
a) 1. Financial Statements
See the following items and page numbers appearing in Item 8 of this Annual Report:
Page No.
Reports of Independent Registered Public Accounting Firm
35
Consolidated Statements of Earnings for each of the three fiscal years in the period ended January 2 8 , 202 2
38
Consolidated Statements of Comprehensive Income for each of the three fiscal years in the period ended January 2 8 , 202 2
38
Consolidated Balance Sheets at January 2 8 , 202 2 and January 29 , 202 1
39
Consolidated Statements of Shareholders’ (Deficit)/ Equity for each of the three fiscal years in the period ended January 2 8 , 202 2
40
Consolidated Statements of Cash Flows for each of the three fiscal years in the period ended January 2 8 , 202 2
41
Notes to Consolidated Financial Statements for each of the three fiscal years in the period ended January 2 8 , 202 2
42
70
Table of Contents
2. Financial Statement Schedule
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS AND RESERVES
(In millions) Balance at beginning of period Charges to costs
and expenses Deductions Balance at end of period
January 28, 2022:
Reserve for loss on obsolete inventory $ 182 $ — $ ( 14 ) 1
$ 168
Reserve for inventory shrinkage 365 845 ( 796 ) 2
414
Reserve for sales returns 252 — ( 7 ) 245
Deferred tax valuation allowance 601 — ( 11 ) 3
590
Self-insurance liabilities 1,093 1,759 ( 1,736 ) 4
1,116
Reserve for exit activities 69 — ( 15 ) 54
January 29, 2021:
Reserve for loss on obsolete inventory $ 105 $ 77 1
$ — $ 182
Reserve for inventory shrinkage 244 907 ( 786 ) 2
365
Reserve for sales returns 194 58 — 252
Deferred tax valuation allowance 561 40 3
— 601
Self-insurance liabilities 1,104 1,568 ( 1,579 ) 4
1,093
Reserve for exit activities 88 — ( 19 ) 69
January 31, 2020:
Reserve for loss on obsolete inventory $ 78 $ 27 1
$ — $ 105
Reserve for inventory shrinkage 222 533 ( 511 ) 2
244
Reserve for sales returns 194 — — 194
Deferred tax valuation allowance 569 — ( 8 ) 3
561
Self-insurance liabilities 953 1,711 ( 1,560 ) 4
1,104
Reserve for exit activities 361 — ( 273 ) 5
88
1 Represents the net (decrease)/increase in the required reserve based on the Company’s evaluation of obsolete inventory.
2 Represents the actual inventory shrinkage experienced at the time of physical inventories.
3 Represents a (decrease)/increase in the required reserve based on the Company’s evaluation of deferred tax assets.
4 Represents claim payments for self-insured claims.
5 Primarily represents the elimination of exit activity reserves related to rent liabilities upon adoption of ASU 2016-02, Leases (Topic 842), as of February 2, 2019.
71
Table of Contents
3. Exhibits
Exhibit Number Incorporated by Reference
Exhibit Description Form File No. Exhibit Filing Date
3.1 Restated Charter of Lowe’s Companies, Inc.
10-Q 001-07898 3.1 September 1, 2009
3.2 Bylaws of Lowe’s Companies, Inc., as amended and restated May 29, 2020.
8-K 001-07898 3.1 June 2, 2020
4.1 Amended and Restated Indenture, dated as of December 1, 1995, between Lowe’s Companies, Inc. and U.S. Bank National Association, as successor trustee.
8-K 001-07898 4.1 December 15, 1995
4.2 Form of Lowe’s Companies, Inc.’s 6 7/8% Debentures due February 15, 2028.
8-K 001-07898 4.2 February 20, 1998
4.3 First Supplemental Indenture, dated as of February 23, 1999, to the Amended and Restated Indenture, dated as of December 1, 1995, between Lowe’s Companies, Inc. and U.S. Bank National Association, as successor trustee.
10-K 001-07898 10.13 April 19, 1999
4.4 Form of Lowe’s Companies, Inc.’s 6 1/2% Debentures due March 15, 2029.
10-K 001-07898 10.19 April 19, 1999
4.5 Third Supplemental Indenture, dated as of October 6, 2005, to the Amended and Restated Indenture, dated as of December 1, 1995, between Lowe’s Companies, Inc. and U.S. Bank National Association, as successor trustee, including as an exhibit thereto a form of Lowe’s Companies, Inc.’s 5.5% Notes maturing in October 2035.
10-K 001-07898 4.5 April 3, 2007
4.6 Fourth Supplemental Indenture, dated as of October 10, 2006, to the Amended and Restated Indenture, dated as of December 1, 1995, between Lowe’s Companies, Inc. and U.S. Bank National Association, as successor trustee, including as an exhibit thereto a form of Lowe’s Companies, Inc.’s 5.80% Notes maturing in October 2036.
S-3 (POSASR) 333-137750 4.5 October 10, 2006
4.7 Fifth Supplemental Indenture, dated as of September 11, 2007, to the Amended and Restated Indenture, dated as of December 1, 1995, between Lowe’s Companies, Inc. and U.S. Bank National Association, as successor trustee, including as exhibits thereto a form of Lowe’s Companies, Inc.’s 6.10% Notes maturing in September 2017 and a form of Lowe’s Companies, Inc.’s 6.65% Notes maturing in September 2037.
8-K 001-07898 4.1 September 11, 2007
72
Table of Contents
Exhibit Number Incorporated by Reference
Exhibit Description Form File No. Exhibit Filing Date
4.8 Sixth Supplemental Indenture, dated as of April 15, 2010, to the Amended and Restated Indenture, dated as of December 1, 1995, between Lowe’s Companies, Inc. and U.S. Bank National Association, as successor trustee, including as exhibits thereto a form of Lowe’s Companies, Inc.’s 4.625% Notes maturing in April 2020 and a form of Lowe’s Companies, Inc.’s 5.800% Notes maturing in April 2040.
8-K 001-07898 4.1 April 15, 2010
4.9 Eighth Supplemental Indenture, dated as of November 23, 2011, to the Amended and Restated Indenture, dated as of December 1, 1995, between Lowe’s Companies, Inc. and U.S. Bank National Association, as successor trustee, including as exhibits thereto a form of Lowe’s Companies, Inc.’s 3.800% Notes maturing in November 2021 and a form of Lowe’s Companies, Inc.’s 5.125% Notes maturing in November 2041.
8-K 001-07898 4.1 November 23, 2011
4.10 Ninth Supplemental Indenture, dated as of April 23, 2012, to the Amended and Restated Indenture, dated as of December 1, 1995, between Lowe’s Companies, Inc. and U.S. Bank National Association, as successor trustee, including as exhibits thereto a form of Lowe’s Companies, Inc.’s 1.625% Notes maturing in April 2017, a form of Lowe’s Companies, Inc.’s 3.120% Notes maturing in April 2022 and a form of Lowe’s Companies, Inc.’s 4.650% Notes maturing in April 2042.
8-K 001-07898 4.1 April 23, 2012
4.11 Tenth Supplemental Indenture, dated as of September 11, 2013, to the Amended and Restated Indenture, dated as of December 1, 1995, between Lowe’s Companies, Inc. and U.S. Bank National Association, as successor trustee, including as exhibits thereto a form of Lowe’s Companies, Inc.’s 3.875% Notes maturing in September 2023 and a form of Lowe’s Companies, Inc.’s 5.000% Notes maturing in September 2043.
8-K 001-07898 4.1 September 11, 2013
4.12 Eleventh Supplemental Indenture, dated as of September 10, 2014, to the Amended and Restated Indenture, dated as of December 1, 1995, between Lowe’s Companies, Inc. and U.S. Bank National Association, as successor trustee, including as exhibits thereto a form of Lowe’s Companies, Inc.’s Floating Rate Notes maturing in September 2019, a form of Lowe’s Companies, Inc.’s 3.125% Notes maturing in September 2024 and a form of Lowe’s Companies, Inc.’s 4.250% Notes maturing in September 2044.
8-K 001-07898 4.1 September 10, 2014
73
Table of Contents
Exhibit Number Incorporated by Reference
Exhibit Description Form File No. Exhibit Filing Date
4.13 Twelfth Supplemental Indenture, dated as of September 16, 2015, to the Amended and Restated Indenture, dated as of December 1, 1995, between Lowe’s Companies, Inc. and U.S. Bank National Association, as successor trustee, including as exhibits thereto a form of Lowe’s Companies, Inc.’s Floating Rate Notes maturing in September 2018, a form of Lowe’s Companies, Inc.’s 3.375% Notes maturing in September 2025 and a form of Lowe’s Companies, Inc.’s 4.375% Notes maturing in September 2045.
8-K 001-07898 4.1 September 16, 2015
4.14 Thirteenth Supplemental Indenture, dated as of April 20, 2016, to the Amended and Restated Indenture, dated as of December 1, 1995, between Lowe’s Companies, Inc. and U.S. Bank National Association, as trustee, including as exhibits thereto a form of Lowe’s Companies, Inc.’s Floating Rate Notes maturing in April 2019, a form of Lowe’s Companies, Inc.’s 1.15% Notes maturing in April 2019, a form of Lowe’s Companies, Inc.’s 2.50% Notes maturing in April 2026 and a form of Lowe’s Companies, Inc.’s 3.70% Notes maturing in April 2046.
8-K 001-07898 4.1 April 20, 2016
4.15 Fourteenth Supplemental Indenture, dated as of May 3, 2017, between Lowe’s Companies, Inc. and U.S. Bank National Association, as successor trustee, including as exhibits thereto a form of 3.100% Notes due May 3, 2027 and a form of 4.050% Notes due May 3, 2047.
8-K 001-07898 4.1 May 3, 2017
4.16 Fifteenth Supplemental Indenture, dated as of April 5, 2019, between Lowe’s Companies, Inc. and U.S. Bank National Association (as successor trustee), including as exhibits thereto a form of 3.650% Notes due April 5, 2029 and a form of 4.550% Notes due April 5, 2049.
8-K 001-07898 4.2 April 5, 2019
4.17 Sixteenth Supplemental Indenture, dated as of March 26, 2020, between Lowe’s Companies, Inc. and U.S. Bank National Association (as successor trustee), including as exhibits thereto a form of 4.000% Notes due April 15, 2025, a form of 4.500% Notes due April 15, 2030, a form of 5.000% Notes due April 15, 2040 and a form of 5.125% Notes due April 15, 2050.
8-K 001-07898 4.2 March 27, 2020
74
Table of Contents
Exhibit Number Incorporated by Reference
Exhibit Description Form File No. Exhibit Filing Date
4.18 Seventeenth Supplemental Indenture, dated as of October 22, 2020, between Lowe’s Companies, Inc. and U.S. Bank National Association (as successor trustee), including as exhibits thereto a form of 1.300% Notes due April 15, 2028, a form of 1.700% Notes due October 15, 2030 and a form of 3.000% Notes due October 15, 2050.
8-K 001-07898 4.2 October 22, 2020
4.19 Eighteenth Supplemental Indenture, dated as of March 31, 2021, between Lowe’s Companies, Inc. and U.S. Bank National Association (as successor trustee), including as exhibits thereto a form of 2.625% Notes due April 1, 2031 and a form of 3.500% Notes due April 1, 2051.
8-K 001-07898 4.2 March 31, 2021
4.20 Nineteenth Supplemental Indenture, dated as of September 20, 2021, between Lowe’s Companies, Inc. and U.S. Bank Association (as successor trustee), including as exhibits thereto a form of 1.700% Notes due September 15, 2028 and a form of 2.800% Notes due September 15, 2041.
8-K 001-07898 4.2 September 20, 2021
4.21 Credit Agreement, dated as of March 23, 2020, by and among Lowe’s Companies, Inc., Bank of America, N.A., as administrative agent, swing-line lender, and a letter of credit issuer, U.S. Bank National Association, as syndication agent and a letter of credit issuer, Citibank, N.A., Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A., and Wells Fargo Bank, National Association, as co-documentation agents, and the other lenders party thereto.
8-K 001-07898 10.1 March 24, 2020
4.22 Amendment No. 1 to Credit Agreement, dated as of December 14, 2021, by and among Lowe’s Companies, Inc., Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, and the other lenders party thereto.
8-K 001-07898 10.2 December 15, 2021
4.23 364-day Term Loan Facility, dated as of April 22, 2021, by and between Lowe’s Companies, Inc. and Wells Fargo Bank, National Association.
8-K 001-07898 10.1 April 27, 2021
75
Table of Contents
Exhibit Number Incorporated by Reference
Exhibit Description Form File No. Exhibit Filing Date
4.24 Third Amended and Restated Credit Agreement, dated as of December 14, 2021, by and among Lowe’s Companies, Inc., Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, U.S. Bank National Association and Wells Fargo Bank. National Association, as co-syndication agents and letter of credit issuers, and Citibank, N.A., Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A. and Barclays Bank PLC, as co-documentation agents, and the other lenders party thereto.
8-K 001-07898 10.1 December 15, 2021
4.25 Description of Securities.
10-K 001-07898 4.23 March 22, 2021
10.1 Lowe’s Companies, Inc. Directors’ Deferred Compensation Plan, as amended and restated May 28, 2021.*
10-Q 001-07898 10.1 August 26, 2021
10.2 Lowe’s Companies, Inc. 2020 Employee Stock Purchase Plan.*
S-8 333-249586 99.1 October 21, 2020
10.3 Lowe’s Companies Benefit Restoration Plan, as amended and restated as of January 1, 2008.*
10-Q 001-07898 10.2 December 12, 2007
10.4 Amendment No. 1 to the Lowe’s Companies Benefit Restoration Plan.*
10-K 001-07898 10.10 March 29, 2011
10.5 Amendment No. 2 to the Lowe’s Companies Benefit Restoration Plan.*
10-K 001-07898 10.11 March 29, 2011
10.6 Amendment No. 3 to the Lowe’s Companies Benefit Restoration Plan.*
10-Q 001-07898 10.1 December 1, 2011
10.7 Amendment No. 4 to the Lowe’s Companies Benefit Restoration Plan.*
10-Q 001-07898 10.1 September 4, 2012
10.8 Amendment No. 5 to the Lowe’s Companies Benefit Restoration Plan.*
10-Q 001-07898 10.1 December 3, 2013
10.9 Amendment No. 6 to the Lowe’s Companies Benefit Restoration Plan.*
10-K 001-07898 10.1 March 31, 2015
10.10 Amendment No. 7 to the Lowe’s Companies Benefit Restoration Plan.*
10-K 001-07898 10.16 April 4, 2017
10.11 Lowe’s Companies Cash Deferral Plan.*
10-Q 001-07898 10.1 June 4, 2004
10.12 Amendment No. 1 to the Lowe’s Companies Cash Deferral Plan.*
10-Q 001-07898 10.1 December 12, 2007
10.13 Amendment No. 2 to the Lowe’s Companies Cash Deferral Plan.*
10-Q 001-07898 10.2 December 1, 2010
76
Table of Contents
Exhibit Number Incorporated by Reference
Exhibit Description Form File No. Exhibit Filing Date
10.14 Form of Lowe’s Companies, Inc. Deferred Stock Unit Agreement for Outside Directors.*
10-Q 001-07898 10.1 September 3, 2019
10.15 Lowe’s Companies, Inc. 2006 Long Term Incentive Plan, as amended and restated effective as of January 30, 2020.*
10-K 001-07898 10.22 March 23, 2020
10.16 Lowe’s Companies, Inc. 2016 Annual Incentive Plan, effective as of February 1, 2016.*
DEF 14A 001-07898 Appendix C April 11, 2016
10.17 Offer Letter between Marvin R. Ellison and Lowe’s Companies, Inc. entered into on May 21, 2018.*
8-K 001-07898 10.1 May 22, 2018
10.18 Offer Letter between Lowe’s Companies, Inc. and Joseph M. McFarland III entered into on July 18, 2018.*
10-Q 001-07898 10.2 September 4, 2018
10.19 Offer Letter between Lowe’s Companies, Inc. and David M. Denton entered into on August 20, 2018.*
10-Q 001-07898 10.3 September 4, 2018
10.20 Offer Letter between Lowe’s Companies, Inc. and William P. Boltz entered into on July 15, 2018. *‡
10.21 Offer Letter between Lowe’s Companies, Inc. and Seemantini Godbole entered into on October 30 , 2018. * ‡
10.22 Offer Letter between Lowe’s Companies, Inc. and Marisa F. Thalberg entered into on December 31, 2019. * ‡
10.23 Form of Lowe’s Companies, Inc. Restricted Stock Award Agreement for Tier I Officers.*
10-K 001-07898 10.28 March 23, 2020
10.24 Form of Lowe’s Companies, Inc. Performance Share Unit Award Agreement for Tier I Officers.*
10-Q 001-07898 10.2 June 3, 2019
10.25 Form of Lowe’s Companies, Inc. Non-Qualified Stock Option Agreement for Tier I Officers.*
10-Q 001-07898 10.6 June 3, 2019
10.26 Form of Lowe’s Companies, Inc. Change in Control Agreement for Tier I Senior Officers.*
10-Q 001-07898 10.7 September 4, 2018
10.27 Form of Lowe’s Companies, Inc. Performance Share Unit Award Agreement.*
10-Q 001-07898 10.1 November 25, 2020
10.28 Form of Lowe’s Companies, Inc. Non-Qualified Stock Option Agreement.*
10-Q 001-07898 10.2 May 28, 2020
77
Table of Contents
Exhibit Number Incorporated by Reference
Exhibit Description Form File No. Exhibit Filing Date
10.29 Lowe’s Companies, Inc. Severance Plan for Senior Officers as amended and restated May 29, 2020.*
10-Q 001-07898 10.1 August 26, 2020
10.30 Form of Lowe’s Companies, Inc. Director Indemnification Agreement.*
10-Q 001-07898 10.6 December 6, 2018
10.31 Form of Lowe’s Companies, Inc. Officer Indemnification Agreement.*
10-K 001-07898 10.43 April 2, 2019
10.32 Offer Letter between Lowe’s Companies, Inc. and Dan C. Griggs, Jr. entered into on October 2, 2020.*
10-Q 001-07898 10.2 November 25, 2020
10.33 Offer Letter between Lowe’s Companies, Inc. and Dan C. Griggs, Jr. entered into on February 12, 2021.*
10-Q 001-07898 10.1 May 27, 2021
10.34 Form of Lowe’s Companies, Inc. 2021 Restricted Stock Award Agreement.*
10-Q 001-07898 10.4 May 27, 2021
10.35 Form of Lowe’s Companies, Inc. 2021 Performance Share Unit Award Agreement. *
10-Q 001-07898 10.2 May 27, 2021
10.36 Form of Lowe’s Companies, Inc. 2021 Non-Qualified Stock Option Agreement.*
10-Q 001-07898 10.3 May 27, 2021
21.1 List of Subsidiaries.‡
23.1 Consent of Deloitte & Touche LLP.‡
24.1 Power of Attorney (included on the Signatures page of this Annual Report on Form 10-K).‡
31.1 Certification of Principal Executive Officer Pursuant to Rule 13a-14(a)/15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.‡
31.2 Certification of Principal Financial Officer Pursuant to Rule 13a-14(a)/15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.‡
32.1 Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.†
32.2 Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.†
78
Table of Contents
Exhibit Number Incorporated by Reference
Exhibit Description Form File No. Exhibit Filing Date
99.1 Twelfth Amendment to the Lowe’s 401(k) Plan, executed on December 16, 2021 (filed to include this amendment as an exhibit to the Registration Statement on Form S-8, Registration No. 033-29772). ‡
101.INS XBRL Instance Document – the XBRL Instance Document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.‡
101.SCH XBRL Taxonomy Extension Schema Document.‡
101.CAL XBRL Taxonomy Extension Calculation Linkbase Document.‡
101.DEF XBRL Taxonomy Extension Definition Linkbase Document.‡
101.LAB XBRL Taxonomy Extension Label Linkbase Document.‡
101.PRE XBRL Taxonomy Extension Presentation Linkbase Document.‡
104 Cover Page Interactive Data File (formatted as Inline XBRL document and included in Exhibit 101).‡
* Indicates a management contract or compensatory plan or arrangement.
‡ Filed herewith.
† Furnished herewith.
79
Table of Contents
Item 16 – Form 10-K Summary
None.
80
Table of Contents
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
LOWE’S COMPANIES, INC.
(Registrant)
March 21, 2022 By: /s/ Marvin R. Ellison
Date Marvin R. Ellison
Chairman, President and Chief Executive Officer
March 21, 2022 By: /s/ David M. Denton
Date David M. Denton
Executive Vice President, Chief Financial Officer
March 21, 2022 By: /s/ Dan C. Griggs, Jr.
Date Dan C. Griggs, Jr.
Senior Vice President, Tax and Chief Accounting Officer
81
Table of Contents
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. Each of the directors of the registrant whose signature appears below hereby appoints David M. Denton, Dan C. Griggs, Jr., and Ross W. McCanless, and each of them severally, as his or her attorney-in-fact to sign in his or her name and behalf, in any and all capacities stated below, and to file with the Securities and Exchange Commission any and all amendments to this report, making such changes in this report as appropriate, and generally to do all such things on their behalf in their capacities as directors and/or officers to enable the registrant to comply with the provisions of the Securities Exchange Act of 1934, and all requirements of the Securities and Exchange Commission.
/s/ Marvin R. Ellison Chairman, President
and Chief Executive Officer March 21, 2022
Marvin R. Ellison Date
/s/ Raul Alvarez Director March 21, 2022
Raul Alvarez Date
/s/ David H. Batchelder Director March 21, 2022
David H. Batchelder Date
/s/ Sandra B. Cochran Director March 21, 2022
Sandra B. Cochran Date
/s/ Laurie Z. Douglas Director March 21, 2022
Laurie Z. Douglas Date
/s/ Richard W. Dreiling Director March 21, 2022
Richard W. Dreiling Date
/s/ Daniel J. Heinrich Director March 21, 2022
Daniel J. Heinrich Date
/s/ Brian C. Rogers Director March 21, 2022
Brian C. Rogers Date
/s/ Bertram L. Scott Director March 21, 2022
Bertram L. Scott Date
/s/ Mary Beth West Director March 21, 2022
Mary Beth West Date
82