Lowe's Companies Inc. (NYSE:LOW) announces a share repurchase program. Under the program, the company will repurchase up to $5,000 million worth of its common stock. The repurchases will be made in the open market or through off market private transactions. The repurchase program reflects company's commitment to return excess cash to shareholders. The shares will be repurchased from time to time in accordance with the requirements of the Securities and Exchange Commission. The repurchases will be subject to market conditions. The repurchase program may be suspended, discontinued, or resumed at any time. The repurchase program has no expiration date.