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• | insurance companies resulting from pharmacy sales; |
• | banks for customer credit and debit cards and electronic bank transfers that take in excess of seven days to process; |
• | consumer financing programs in certain international operations; |
• | suppliers for marketing or incentive programs; and |
• | real estate transactions. |
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(Amounts in millions and net of income taxes) | Currency Translation and Other | Net Investment Hedges | Cash Flow Hedges | Minimum Pension Liability | Total | |||||||||||||||
Balances as of February 1, 2016 | $ | (11,690 | ) | $ | 1,022 | $ | (336 | ) | $ | (593 | ) | $ | (11,597 | ) | ||||||
Other comprehensive income (loss) before reclassifications | (994 | ) | 468 | (151 | ) | (83 | ) | (760 | ) | |||||||||||
Amounts reclassified from accumulated other comprehensive loss | — | — | 28 | (6 | ) | 22 | ||||||||||||||
Balances as of October 31, 2016 | $ | (12,684 | ) | $ | 1,490 | $ | (459 | ) | $ | (682 | ) | $ | (12,335 | ) |
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(Amounts in millions) | Long-term debt due within one year | Long-term debt | Total | |||||||||
Balances as of February 1, 2016 | $ | 2,745 | $ | 38,214 | $ | 40,959 | ||||||
Proceeds from long-term debt | — | 134 | 134 | |||||||||
Repayments of long-term debt | (2,040 | ) | — | (2,040 | ) | |||||||
Reclassifications of long-term debt | 1,500 | (1,500 | ) | — | ||||||||
Other | 61 | (670 | ) | (609 | ) | |||||||
Balances as of October 31, 2016 | $ | 2,266 | $ | 36,178 | $ | 38,444 |
(Amounts in millions) | ||||||||||
Maturity Date | Principal Amount | Fixed vs. Floating | Interest Rate | Repayment | ||||||
April 11, 2016 | 1,000 USD | Fixed | 0.600% | $ | 1,000 | |||||
April 15, 2016 | 1,000 USD | Fixed | 2.800% | 1,000 | ||||||
$ | 2,000 |
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• | Level 1: observable inputs such as quoted prices in active markets; |
• | Level 2: inputs other than quoted prices in active markets that are either directly or indirectly observable; and |
• | Level 3: unobservable inputs for which little or no market data exists, therefore requiring the Company to develop its own assumptions. |
October 31, 2016 | January 31, 2016 | ||||||||||||||
(Amounts in millions) | Notional Amount | Fair Value | Notional Amount | Fair Value | |||||||||||
Receive fixed-rate, pay variable-rate interest rate swaps designated as fair value hedges | $ | 5,000 | $ | 172 | $ | 5,000 | $ | 173 | |||||||
Receive fixed-rate, pay fixed-rate cross-currency swaps designated as net investment hedges | 1,250 | 532 | 1,250 | 319 | |||||||||||
Receive fixed-rate, pay fixed-rate cross-currency swaps designated as cash flow hedges | 3,970 | (837 | ) | 4,132 | (609 | ) | |||||||||
Total | $ | 10,220 | $ | (133 | ) | $ | 10,382 | $ | (117 | ) |
October 31, 2016 | January 31, 2016 | |||||||||||||||
(Amounts in millions) | Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||
Long-term debt, including amounts due within one year | $ | 38,444 | $ | 46,797 | $ | 40,959 | $ | 46,965 |
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October 31, 2016 | January 31, 2016 | ||||||||||||||||||||||
(Amounts in millions) | Fair Value Instruments | Net Investment Instruments | Cash Flow Instruments | Fair Value Instruments | Net Investment Instruments | Cash Flow Instruments | |||||||||||||||||
Derivative instruments | |||||||||||||||||||||||
Derivative assets: | |||||||||||||||||||||||
Other assets and deferred charges | $ | 172 | $ | 532 | $ | — | $ | 173 | $ | 319 | $ | 129 | |||||||||||
Derivative liabilities: | |||||||||||||||||||||||
Deferred income taxes and other | — | — | 837 | — | — | 738 | |||||||||||||||||
Nonderivative hedging instruments | |||||||||||||||||||||||
Long-term debt | — | 3,142 | — | — | 3,644 | — |
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Record Date | Payable Date | |
March 11, 2016 | April 4, 2016 | |
May 13, 2016 | June 6, 2016 | |
August 12, 2016 | September 6, 2016 | |
December 9, 2016 | January 3, 2017 |
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Three Months Ended October 31, | Nine Months Ended October 31, | |||||||||||||||
(Amounts in millions) | 2016 | 2015 | 2016 | 2015 | ||||||||||||
Ongoing inquiries and investigations | $ | 24 | $ | 22 | $ | 68 | $ | 70 | ||||||||
Global compliance program and organizational enhancements | 5 | 8 | 14 | 23 | ||||||||||||
Total | $ | 29 | $ | 30 | $ | 82 | $ | 93 |
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Three Months Ended October 31, | Nine Months Ended October 31, | |||||||||||||||
(Amounts in millions) | 2016 | 2015 | 2016 | 2015 | ||||||||||||
Net sales: | ||||||||||||||||
Walmart U.S. | $ | 74,550 | $ | 72,712 | $ | 224,086 | $ | 216,916 | ||||||||
Walmart International | 28,390 | 29,811 | 85,094 | 90,726 | ||||||||||||
Sam's Club | 14,236 | 14,075 | 42,387 | 42,288 | ||||||||||||
Net sales | $ | 117,176 | $ | 116,598 | $ | 351,567 | $ | 349,930 |
Three Months Ended October 31, | Nine Months Ended October 31, | |||||||||||||||
(Amounts in millions) | 2016 | 2015 | 2016 | 2015 | ||||||||||||
Operating income (loss): | ||||||||||||||||
Walmart U.S. | $ | 3,999 | $ | 4,506 | $ | 12,750 | $ | 13,964 | ||||||||
Walmart International | 1,354 | 1,338 | 4,245 | 3,685 | ||||||||||||
Sam's Club | 396 | 539 | 1,281 | 1,394 | ||||||||||||
Corporate and support | (630 | ) | (669 | ) | (1,717 | ) | (1,580 | ) | ||||||||
Operating income | 5,119 | 5,714 | 16,559 | 17,463 | ||||||||||||
Interest, net | 585 | 552 | 1,712 | 1,919 | ||||||||||||
Income before income taxes | $ | 4,534 | $ | 5,162 | $ | 14,847 | $ | 15,544 |
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• | insurance companies resulting from pharmacy sales; |
• | banks for customer credit and debit cards and electronic bank transfers that take in excess of seven days to process; |
• | consumer financing programs in certain international operations; |
• | suppliers for marketing or incentive programs; and |
• | real estate transactions. |
|
(Amounts in millions and net of income taxes) | Currency Translation and Other | Net Investment Hedges | Cash Flow Hedges | Minimum Pension Liability | Total | |||||||||||||||
Balances as of February 1, 2016 | $ | (11,690 | ) | $ | 1,022 | $ | (336 | ) | $ | (593 | ) | $ | (11,597 | ) | ||||||
Other comprehensive income (loss) before reclassifications | (994 | ) | 468 | (151 | ) | (83 | ) | (760 | ) | |||||||||||
Amounts reclassified from accumulated other comprehensive loss | — | — | 28 | (6 | ) | 22 | ||||||||||||||
Balances as of October 31, 2016 | $ | (12,684 | ) | $ | 1,490 | $ | (459 | ) | $ | (682 | ) | $ | (12,335 | ) |
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(Amounts in millions) | Long-term debt due within one year | Long-term debt | Total | |||||||||
Balances as of February 1, 2016 | $ | 2,745 | $ | 38,214 | $ | 40,959 | ||||||
Proceeds from long-term debt | — | 134 | 134 | |||||||||
Repayments of long-term debt | (2,040 | ) | — | (2,040 | ) | |||||||
Reclassifications of long-term debt | 1,500 | (1,500 | ) | — | ||||||||
Other | 61 | (670 | ) | (609 | ) | |||||||
Balances as of October 31, 2016 | $ | 2,266 | $ | 36,178 | $ | 38,444 |
(Amounts in millions) | ||||||||||
Maturity Date | Principal Amount | Fixed vs. Floating | Interest Rate | Repayment | ||||||
April 11, 2016 | 1,000 USD | Fixed | 0.600% | $ | 1,000 | |||||
April 15, 2016 | 1,000 USD | Fixed | 2.800% | 1,000 | ||||||
$ | 2,000 |
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October 31, 2016 | January 31, 2016 | ||||||||||||||
(Amounts in millions) | Notional Amount | Fair Value | Notional Amount | Fair Value | |||||||||||
Receive fixed-rate, pay variable-rate interest rate swaps designated as fair value hedges | $ | 5,000 | $ | 172 | $ | 5,000 | $ | 173 | |||||||
Receive fixed-rate, pay fixed-rate cross-currency swaps designated as net investment hedges | 1,250 | 532 | 1,250 | 319 | |||||||||||
Receive fixed-rate, pay fixed-rate cross-currency swaps designated as cash flow hedges | 3,970 | (837 | ) | 4,132 | (609 | ) | |||||||||
Total | $ | 10,220 | $ | (133 | ) | $ | 10,382 | $ | (117 | ) |
October 31, 2016 | January 31, 2016 | |||||||||||||||
(Amounts in millions) | Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||
Long-term debt, including amounts due within one year | $ | 38,444 | $ | 46,797 | $ | 40,959 | $ | 46,965 |
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October 31, 2016 | January 31, 2016 | ||||||||||||||||||||||
(Amounts in millions) | Fair Value Instruments | Net Investment Instruments | Cash Flow Instruments | Fair Value Instruments | Net Investment Instruments | Cash Flow Instruments | |||||||||||||||||
Derivative instruments | |||||||||||||||||||||||
Derivative assets: | |||||||||||||||||||||||
Other assets and deferred charges | $ | 172 | $ | 532 | $ | — | $ | 173 | $ | 319 | $ | 129 | |||||||||||
Derivative liabilities: | |||||||||||||||||||||||
Deferred income taxes and other | — | — | 837 | — | — | 738 | |||||||||||||||||
Nonderivative hedging instruments | |||||||||||||||||||||||
Long-term debt | — | 3,142 | — | — | 3,644 | — |
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Record Date | Payable Date | |
March 11, 2016 | April 4, 2016 | |
May 13, 2016 | June 6, 2016 | |
August 12, 2016 | September 6, 2016 | |
December 9, 2016 | January 3, 2017 |
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Three Months Ended October 31, | Nine Months Ended October 31, | |||||||||||||||
(Amounts in millions) | 2016 | 2015 | 2016 | 2015 | ||||||||||||
Ongoing inquiries and investigations | $ | 24 | $ | 22 | $ | 68 | $ | 70 | ||||||||
Global compliance program and organizational enhancements | 5 | 8 | 14 | 23 | ||||||||||||
Total | $ | 29 | $ | 30 | $ | 82 | $ | 93 |
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Three Months Ended October 31, | Nine Months Ended October 31, | |||||||||||||||
(Amounts in millions) | 2016 | 2015 | 2016 | 2015 | ||||||||||||
Net sales: | ||||||||||||||||
Walmart U.S. | $ | 74,550 | $ | 72,712 | $ | 224,086 | $ | 216,916 | ||||||||
Walmart International | 28,390 | 29,811 | 85,094 | 90,726 | ||||||||||||
Sam's Club | 14,236 | 14,075 | 42,387 | 42,288 | ||||||||||||
Net sales | $ | 117,176 | $ | 116,598 | $ | 351,567 | $ | 349,930 |
Three Months Ended October 31, | Nine Months Ended October 31, | |||||||||||||||
(Amounts in millions) | 2016 | 2015 | 2016 | 2015 | ||||||||||||
Operating income (loss): | ||||||||||||||||
Walmart U.S. | $ | 3,999 | $ | 4,506 | $ | 12,750 | $ | 13,964 | ||||||||
Walmart International | 1,354 | 1,338 | 4,245 | 3,685 | ||||||||||||
Sam's Club | 396 | 539 | 1,281 | 1,394 | ||||||||||||
Corporate and support | (630 | ) | (669 | ) | (1,717 | ) | (1,580 | ) | ||||||||
Operating income | 5,119 | 5,714 | 16,559 | 17,463 | ||||||||||||
Interest, net | 585 | 552 | 1,712 | 1,919 | ||||||||||||
Income before income taxes | $ | 4,534 | $ | 5,162 | $ | 14,847 | $ | 15,544 |
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