Spreadsheet: f119b14c-71b3-403b-88c0-c4e9da8ad2ee
Sheet: Sheet1

Lowe's Companies, Inc. | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 | Unnamed: 5 | Unnamed: 6 | Unnamed: 7 | Unnamed: 8 | Unnamed: 9 | Unnamed: 10 | Unnamed: 11 | Unnamed: 12 | Unnamed: 13 | Unnamed: 14 | Unnamed: 15 | Unnamed: 16 | Unnamed: 17
Consolidated Statements of Current and Retained Earnings (Unaudited)
In Millions, Except Per Share Data
 |  |  |  | Three Months Ended |  |  |  |  |  |  |  | Nine Months Ended
 |  |  |  | October 28, 2011 |  |  |  | October 29, 2010 |  |  |  | October 28, 2011 |  |  |  | October 29, 2010
Current Earnings |  |  |  | Amount | Percent |  |  | Amount | Percent |  |  | Amount | Percent |  |  | Amount | Percent
Net sales |  |  | $ | 11852 | 100 |  | $ | 11587 | 100 |  | $ | 38579 | 100 |  | $ | 38335 | 100
Cost of sales |  |  |  | 7815 | 65.94 |  |  | 7526 | 64.95 |  |  | 25208 | 65.34 |  |  | 24909 | 64.97999999999999
Gross margin |  |  |  | 4037 | 34.06 |  |  | 4061 | 35.05 |  |  | 13371 | 34.66 |  |  | 13426 | 35.02
Expenses:
Selling, general and administrative |  |  |  | 3233 | 27.27 |  |  | 2931 | 25.29999999999999 |  |  | 9583 | 24.84 |  |  | 9214 | 24.03
Depreciation |  |  |  | 361 | 3.05 |  |  | 399 | 3.44 |  |  | 1098 | 2.84 |  |  | 1194 | 3.12
Interest - net |  |  |  | 91 | 0.77 |  |  | 80 | 0.69 |  |  | 269 | 0.7 |  |  | 246 | 0.64
Total expenses |  |  |  | 3685 | 31.09 |  |  | 3410 | 29.43 |  |  | 10950 | 28.38 |  |  | 10654 | 27.79
Pre-tax earnings |  |  |  | 352 | 2.97 |  |  | 651 | 5.62 |  |  | 2421 | 6.28 |  |  | 2772 | 7.23
Income tax provision |  |  |  | 127 | 1.07 |  |  | 247 | 2.13 |  |  | 904 | 2.35 |  |  | 1047 | 2.73
Net earnings |  |  | $ | 225 | 1.9 |  | $ | 404 | 3.49 |  | $ | 1517 | 3.93 |  | $ | 1725 | 4.5
Weighted average common shares outstanding - basic |  |  |  | 1250 |  |  |  | 1390 |  |  |  | 1283 |  |  |  | 1415
Basic earnings per common share (1) |  |  | $ | 0.18 |  |  | $ | 0.29 |  |  | $ | 1.17 |  |  | $ | 1.21
Weighted average common shares outstanding - diluted |  |  |  | 1252 |  |  |  | 1392 |  |  |  | 1286 |  |  |  | 1417
Diluted earnings per common share (1) |  |  | $ | 0.18 |  |  | $ | 0.29 |  |  | $ | 1.17 |  |  | $ | 1.21
Cash dividends per share |  |  | $ | 0.14 |  |  | $ | 0.11 |  |  | $ | 0.39 |  |  | $ | 0.31
[NAME]
Balance at beginning of period |  |  | $ | 16060 |  |  | $ | 18454 |  |  | $ | 17371 |  |  | $ | 18307
Net earnings |  |  |  | 225 |  |  |  | 404 |  |  |  | 1517 |  |  |  | 1725
Cash dividends |  |  |  | -176 |  |  |  | -154 |  |  |  | -498 |  |  |  | -440
Share repurchases |  |  |  | 0 |  |  |  | -560 |  |  |  | -2281 |  |  |  | -1448
Balance at end of period |  |  | $ | 16109 |  |  | $ | 18144 |  |  | $ | 16109 |  |  | $ | 18144
(1) Under the two-class method, earnings per share is calculated using net earnings allocable to common shares, which is derived by reducing net earnings by the earnings allocable to participating securities. Net earnings allocable to common shares used in the basic and diluted earnings per share calculation were $223 million for the three months ended October 28, 2011 and $400 million for the three months ended October 29, 2010. Net earnings allocable to common shares used in the basic and diluted earnings per share calculation were $1,505 million for the nine months ended October 28, 2011 and $1,710 million for the nine months ended October 29, 2010.