During the first quarter of fiscal 2019, the Company adopted ASU 201602, Leases (Topic 842), which requires leases to be recognized on the balance sheet. The Company leases certain retail stores, warehouses, distribution centers, office space, land, and equipment under finance and operating leases. The table below presents the Company's operating lease-related assets and liabilities recorded on the balance sheet.

Assets
Operating lease assets	Operating lease right-of-use assets	$ 3,926
Liabilities
Current	Current operating lease liabilities	$ 500
Noncurrent	Noncurrent operating lease liabilities	$ 4,064

2019		$ 463
2020		$ 664
2021		$ 636
2022		$ 642
2023		$ 554
After 2023		$ 2,934
Total lease payments		$ 5,893
Less: interest		$ (1,329)
Present value of lease liabilities		$ 4,564

Use Excel to confirm that Lowes capitalized its operating leases using a rate of about 4%. Note: The company discloses the remaining maturity of its operating leases is 10.68 years (after 2023), which can be used to determine the annual payment in years after 2023

What effect did the initial capitalization of the operating leases have on Lowes assets and liabilities?

How will Lowes treat the operating right-of-use asset on its balance sheet over the life of the lease?

How will Lowes treat the operating lease liability on its balance sheet over the life of the lease?