2.4.0.8001200 - Disclosure - Extended Protection Planstruefalsefalse1false falsefalseFROM_Feb02_2013_TO_Aug02_2013http://www.sec.gov/CIK0000060667duration2013-02-02T00:00:002013-08-02T00:00:001true 1us-gaap_ExtendedProductWarrantyDisclosureAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Extended Protection Plans2false 2us-gaap_ProductWarrantyDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1falsefalsefalse00Note 5: Extended Protection Plans - The Company sells separately-priced extended protection plan contracts under a Lowe's-branded program for which the Company is ultimately self-insured. The Company recognizes revenue from extended protection plan sales on a straight-line basis over the respective contract term. Extended protection plan contract terms primarily range from one to four years from the date of purchase or the end of the manufacturer's warranty, as applicable. Changes in deferred revenue for extended protection plan contracts are summarized as follows:<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 20px"><td style="width: 230px; text-align:left;border-color:#000000;min-width:230px;"> </td><td colspan="4" style="width: 245px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:245px;">Three Months Ended</td><td colspan="4" style="width: 245px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:245px;">Six Months Ended</td></tr><tr style="height: 20px"><td style="width: 230px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:230px;">(In millions)</td><td colspan="2" style="width: 126px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:126px;">August 2, 2013</td><td colspan="2" style="width: 119px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:119px;">August 3, 2012</td><td colspan="2" style="width: 126px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:126px;">August 2, 2013</td><td colspan="2" style="width: 119px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:119px;">August 3, 2012</td></tr><tr style="height: 39px"><td style="width: 230px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:230px;">Deferred revenue - extended protection plans, beginning of period</td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:20px;">$</td><td style="width: 106px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:106px;"> 717</td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:20px;">$</td><td style="width: 99px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:99px;"> 716</td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:20px;">$</td><td style="width: 106px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:106px;"> 715</td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:20px;">$</td><td style="width: 99px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:99px;"> 704</td></tr><tr style="height: 20px"><td style="width: 230px; text-align:left;border-color:#000000;min-width:230px;">Additions to deferred revenue</td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 106px; text-align:right;border-color:#000000;min-width:106px;"> 85</td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 99px; text-align:right;border-color:#000000;min-width:99px;"> 68</td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 106px; text-align:right;border-color:#000000;min-width:106px;"> 155</td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 99px; text-align:right;border-color:#000000;min-width:99px;"> 134</td></tr><tr style="height: 20px"><td style="width: 230px; text-align:left;border-color:#000000;min-width:230px;">Deferred revenue recognized</td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 106px; text-align:right;border-color:#000000;min-width:106px;"> (69)</td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 99px; text-align:right;border-color:#000000;min-width:99px;"> (58)</td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 106px; text-align:right;border-color:#000000;min-width:106px;"> (137)</td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 99px; text-align:right;border-color:#000000;min-width:99px;"> (112)</td></tr><tr style="height: 40px"><td style="width: 230px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:230px;">Deferred revenue - extended protection plans, end of period</td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:20px;">$</td><td style="width: 106px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:106px;"> 733</td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:20px;">$</td><td style="width: 99px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:99px;"> 726</td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:20px;">$</td><td style="width: 106px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:106px;"> 733</td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:20px;">$</td><td style="width: 99px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:99px;"> 726</td></tr></table></div>Incremental direct acquisition costs associated with the sale of extended protection plans are also deferred and recognized as expense on a straight-line basis over the respective contract term. Deferred costs associated with extended protection plan contracts were $72 million at August 2, 2013, $119 million at August 3, 2012, and $95 million at February 1, 2013. The Company's extended protection plan deferred costs are included in other assets (noncurrent) on the consolidated balance sheets. All other costs, such as costs of services performed under the contract, general and administrative expenses and advertising expenses are expensed as incurred. The liability for extended protection plan claims incurred is included in other current liabilities on the consolidated balance sheets. Changes in the liability for extended protection plan claims are summarized as follows:<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 20px"><td style="width: 230px; text-align:left;border-color:#000000;min-width:230px;"> </td><td colspan="4" style="width: 245px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:245px;">Three Months Ended</td><td colspan="4" style="width: 245px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:245px;">Six Months Ended</td></tr><tr style="height: 20px"><td style="width: 230px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:230px;">(In millions)</td><td colspan="2" style="width: 126px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:126px;">August 2, 2013</td><td colspan="2" style="width: 119px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:119px;">August 3, 2012</td><td colspan="2" style="width: 126px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:126px;">August 2, 2013</td><td colspan="2" style="width: 119px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:119px;">August 3, 2012</td></tr><tr style="height: 40px"><td style="width: 230px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:230px;">Liability for extended protection plan claims, beginning of period</td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:20px;">$</td><td style="width: 106px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:106px;"> 20</td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:20px;">$</td><td style="width: 99px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:99px;"> 22</td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:20px;">$</td><td style="width: 106px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:106px;"> 20</td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:20px;">$</td><td style="width: 99px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:99px;"> 21</td></tr><tr style="height: 20px"><td style="width: 230px; text-align:left;border-color:#000000;min-width:230px;">Accrual for claims incurred </td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 106px; text-align:right;border-color:#000000;min-width:106px;"> 29</td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 99px; text-align:right;border-color:#000000;min-width:99px;"> 25</td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 106px; text-align:right;border-color:#000000;min-width:106px;"> 56</td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 99px; text-align:right;border-color:#000000;min-width:99px;"> 42</td></tr><tr style="height: 20px"><td style="width: 230px; text-align:left;border-color:#000000;min-width:230px;">Claim payments</td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 106px; text-align:right;border-color:#000000;min-width:106px;"> (22)</td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 99px; text-align:right;border-color:#000000;min-width:99px;"> (24)</td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 106px; text-align:right;border-color:#000000;min-width:106px;"> (49)</td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 99px; text-align:right;border-color:#000000;min-width:99px;"> (40)</td></tr><tr style="height: 40px"><td style="width: 230px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:230px;">Liability for extended protection plan claims, end of period</td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:20px;">$</td><td style="width: 106px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:106px;"> 27</td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:20px;">$</td><td style="width: 99px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:99px;"> 23</td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:20px;">$</td><td style="width: 106px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:106px;"> 27</td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:20px;">$</td><td style="width: 99px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:99px;"> 23</td></tr></table></div>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for standard and extended product warranties and other product guarantee contracts, including a tabular reconciliation of the changes in the guarantor's aggregate product warranty liability for the reporting period.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249 false0Extended Protection PlansfalseExtended Protection PlansUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://lowes.com/role/ExtendedProtectionPlans12