Exhibit 12.1
Lowe's Companies, Inc.
Statement Re Computation of Ratio of Earnings to Fixed Charges
In Millions, Except Ratio Data
	Nine Months Ended							Fiscal Years Ended On
	October 29,				October 30,			January 29,			January 30,			February 1,			February 2,			February 3,
	2010				2009			2010			2009			2008			2007			2006
Earnings:
Earnings Before Income Taxes		$	2,772		$	2,504		$	2,825		$	3,506		$	4,511		$	4,998		$	4,496
Add: Fixed Charges			364			352			468			479			424			344			340
Less: Capitalized Interest (1)			(4	)		(12	)		(19	)		(36	)		(65	)		(32	)		(28	)
Adjusted Earnings		$	3,132		$	2,844		$	3,274		$	3,949		$	4,870		$	5,310		$	4,808
Fixed Charges:
Interest Expense (2)		$	261		$	248		$	331		$	346		$	301		$	238		$	231
Rental Expense (3)			103			104			137			133			123			106			109
Total Fixed Charges		$	364		$	352		$	468		$	479		$	424		$	344		$	340
Ratio of Earnings to Fixed Charges			8.6			8.1			7.0			8.2			11.5			15.4			14.1
(1) Includes the net of interest capitalized and the amortization of previously-capitalized interest.
(2) Interest accrued on uncertain tax positions is excluded from Interest Expense in the computation of Fixed Charges.
(3) The portion of rental expense that is representative of the interest factor in these rentals.