Exhibit 12.1
Lowe's Companies, Inc.
Statement Re Computation of Ratio of Earnings to Fixed Charges
In Millions, Except Ratio Data
		Fiscal Years Ended On
	February 2,				February 1,			January 30,			January 29,			January 28,
	2007				2008			2009			2010			2011
Earnings:
Earnings Before Income Taxes		$	4,998		$	4,511		$	3,506		$	2,825		$	3,228
Add: Fixed Charges			344			424			479			468			486
Less: Capitalized Interest			(32	)		(65	)		(36	)		(19	)		(4	)
Adjusted Earnings		$	5,310		$	4,870		$	3,949		$	3,274		$	3,710
Fixed Charges:
Interest Expense1			238			301			346			331			352
Rental Expense2			106			123			133			137			134
Total Fixed Charges		$	344		$	424		$	479		$	468		$	486
Ratio of Earnings to Fixed Charges			15.4			11.5			8.2			7.0			7.6
1 Interest accrued on uncertain tax positions is excluded from Interest Expense in the computation of Fixed Charges.
2 The portion of rental expense that is representative of the interest factor in these rentals.