Identify and compute net operating assets (NOA) as of February 1, 2019. Assume that long‑term investments are nonoperating.

FEB 1 2019 NOA= $______

Following is the balance sheet for Lowe's Companies Inc. LOWE'S COMPANIES INC. Consolidated Balance Sheet $ millions, except par value Feb. 1, 2019 Current assets Cash and cash equivalents Short-term investments, Merchandise inventory-net Other current assets Total current assets Property, less accumulated depreciation Long-term investments Deferred income taxes-net Goodwill Other assets Total assets Current liabilities Short-term borrowings Current maturities of long-term debt Accounts payable Accrued compensation and employee benefits Deferred revenue Other current liabilities Total current liabilities Long-term debt, excluding current maturities Deferred revenue-extended protection plans Other liabilities Total liabilities Shareholders' equity Preferred stock-$5 par value, none issued Common stock-$0.50 par value Capital in excess of par value. Retained earnings Accumulated other comprehensive loss Total shareholders' equity Total liabilities and shareholders' equity $430 183 10,570 789 11,972 15,511 215 247 255 837 $29,037 $608 934 6,967 557 1,093 2,041 12,200 12,110 696 967 25,973 335 2,905 (176) 3,064 $29,037