Exhibit 12.1
Lowe's Companies, Inc.
Statement Re Computation of Ratio of Earnings to Fixed Charges
In Millions, Except Ratio Data
	Six Months Ended						Fiscal Years Ended On
	August 2,			August 3,			February 1,			February 3,			January 28,				January 29,				January 30,
	2013			2012			2013			2012			2011				2010				2009
Earnings:
Earnings Before Income Taxes		$	2,375		$	2,047		$	3,137		$	2,906		$	3,228			$	2,825			$	3,506
Fixed Charges			299			302			605			524			486				468				479
Capitalized Interest 1			4			4			6			-			(4	)			(19	)			(36	)
Adjusted Earnings		$	2,678		$	2,353		$	3,748		$	3,430		$	3,710			$	3,274			$	3,949
Fixed Charges:
Interest Expense 2		$	229		$	231		$	463		$	385		$	352			$	331			$	346
Rental Expense 3			70			71			142			139			134				137				133
Total Fixed Charges		$	299		$	302		$	605		$	524		$	486			$	468			$	479
Ratio of Earnings to Fixed Charges			9.0			7.8			6.2			6.5			7.6				7.0				8.2
1 Includes the net of subtractions for interest capitalized and additions for 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.