LOW · 10-Q · 2026Q3 · Full report

Liquidity and Debt Position

LOWES COMPANIES INC · 2026-08-27 · Importance 75 · Surprise 64 · From source text

As of July 31, 2026, Lowe’s held $3.2 billion of cash and cash equivalents and had $5.0 billion of undrawn revolving-credit capacity. The company repaid $2.397 billion of debt in the first six months of fiscal 2026, compared with $796 million in the prior-year period. Commercial-paper borrowings were zero at July 31, 2026, although maximum commercial paper outstanding during the period reached $1.0 billion. Senior-debt ratings were BBB+ from S&P and Baa1 from Moody’s, both with stable outlooks.

Key facts

• Net cash used in financing activities was $(4,058) million for the six months ended July 31, 2026 compared to $(2,168) million for the six months ended August 1, 2025. source
• We paid $1.3 billion in dividends and repaid $2.4 billion of bond maturities during the first six months of fiscal 2026. source
• Repayment of debt was $(2,397) million for the six months ended July 31, 2026 compared to $(796) million for the six months ended August 1, 2025. source
• Average debt and shareholders’ deficit used in ROIC denominator was $31,123 million for the four quarters ended July 31, 2026 and $27,069 million for the four quarters ended August 1, 2025. source
• As of July 31, 2026, we held $3.2 billion of cash and cash equivalents and $5.0 billion in undrawn capacity on our Revolving Credit Facilities. source
• We expect to maintain our investment grade rating and have access to the capital markets on both a short-term and long-term basis when needed for liquidity purposes. source
• Maximum commercial paper outstanding at any period was $1,000 million for the six months ended July 31, 2026 and $— for the six months ended August 1, 2025. source
• The Company had no outstanding borrowings under the commercial paper program as of July 31, 2026. source

Impact estimates