Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name LOWES COMPANIES INC
CIK 0000060667
Accession number 0000060667-14-000054
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/60667/000006066714000054/low-20140131.xml
Fiscal year end --01-31
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2014-01-31
Current year-to-date income statement start date 2013-02-02
Commentary Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
The tax effects of cumulative temporary differences that gave rise to the deferred tax assets and liabilities were as follows:
(In millions)
January 31, 2014

 
February 1, 2013

Deferred tax assets:
 
 
 
Self-insurance
$
384

 
$
375

Share-based payment expense
70

 
73

Deferred rent
80

 
80

Net operating losses
148

 
131

Other, net
138

 
113

Total deferred tax assets
820

 
772

Valuation allowance
(164
)
 
(142
)
Net deferred tax assets
656

 
630

 
 
 
 
Deferred tax liabilities:
 
 
 

Property
(646
)
 
(783
)
Other, net
(49
)
 
(85
)
Total deferred tax liabilities
(695
)
 
(868
)
 
 
 
 
Net deferred tax liability
$
(39
)
 
$
(238
)

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 820,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance -164,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 656,000,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities -695,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -39,000,000
CHECK 0

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(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 252,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent -291,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -39,000,000
CHECK 0

*

(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 656,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax liabilities, net -695,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -39,000,000
CHECK 0

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