WALMART INC., 10-K filed on 3/15/2024
Annual Report
v3.24.0.1
Cover Page - USD ($)
 12 Months Ended
Jan. 31, 2024
Mar. 13, 2024
Jul. 31, 2023
Document Type 10-K    
Document Annual Report true    
Document Period End Date Jan. 31, 2024    
Current Fiscal Year End Date --01-31    
Document Transition Report false    
Entity File Number 001-06991    
Entity Registrant Name WALMART INC.    
Entity Incorporation, State or Country Code DE    
Entity Tax Identification Number 71-0415188    
Entity Address, Address Line One 702 S.W. 8th Street    
Entity Address, Postal Zip Code 72716    
Entity Address, City or Town Bentonville,    
Entity Address, State or Province AR    
City Area Code 479    
Local Phone Number 273-4000    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
Auditor Attestation Flag true    
Document Financial Statement Error Correction [Flag] false    
Entity Shell Company false    
Entity Public Float     $ 228,694,206,501
Entity Common Stock, Shares Outstanding   8,058,048,674  
Documents Incorporated by Reference
Document  Parts Into Which Incorporated
Portions of the registrant's Proxy Statement for the Annual Meeting of Shareholders to be held June 5, 2024 (the "Proxy Statement")
  Part III
    
Entity Central Index Key 0000104169    
Document Fiscal Year Focus 2024    
Document Fiscal Period Focus FY    
Amendment Flag false    
Common Stock, par value $0.10 per share      
Title of 12(b) Security Common Stock, par value $0.10 per share    
Trading Symbol WMT    
Security Exchange Name NYSE    
2.550% Notes Due 2026      
Title of 12(b) Security 2.550% Notes due 2026    
Trading Symbol WMT26    
Security Exchange Name NYSE    
1.050% Notes Due 2026      
Title of 12(b) Security 1.050% Notes due 2026    
Trading Symbol WMT26A    
Security Exchange Name NYSE    
1.500% Notes Due 2028      
Title of 12(b) Security 1.500% Notes due 2028    
Trading Symbol WMT28C    
Security Exchange Name NYSE    
4.875% Notes Due 2029      
Title of 12(b) Security 4.875% Notes due 2029    
Trading Symbol WMT29B    
Security Exchange Name NYSE    
5.750% Notes Due 2030      
Title of 12(b) Security 5.750% Notes due 2030    
Trading Symbol WMT30B    
Security Exchange Name NYSE    
1.800% Notes Due 2031      
Title of 12(b) Security 1.800% Notes due 2031    
Trading Symbol WMT31A    
Security Exchange Name NYSE    
5.625% Notes Due 2034      
Title of 12(b) Security 5.625% Notes due 2034    
Trading Symbol WMT34    
Security Exchange Name NYSE    
5.250% Notes Due 2035      
Title of 12(b) Security 5.250% Notes due 2035    
Trading Symbol WMT35A    
Security Exchange Name NYSE    
4.875% Notes Due 2039      
Title of 12(b) Security 4.875% Notes due 2039    
Trading Symbol WMT39    
Security Exchange Name NYSE    
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Audit Information
 12 Months Ended
Jan. 31, 2024
Auditor [Abstract]  
Auditor Firm ID 42
Auditor Name Ernst & Young LLP
Auditor Location Rogers, Arkansas
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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Revenues:      
Net sales $ 642,637 $ 605,881 $ 567,762
Membership and other income 5,488 5,408 4,992
Total revenues 648,125 611,289 572,754
Costs and expenses:      
Cost of sales 490,142 463,721 429,000
Operating, selling, general and administrative expenses 130,971 127,140 117,812
Operating income 27,012 20,428 25,942
Interest:      
Debt 2,259 1,787 1,674
Finance lease 424 341 320
Interest income (546) (254) (158)
Interest, net 2,137 1,874 1,836
Loss on extinguishment of debt 0 0 2,410
Other (gains) and losses 3,027 1,538 3,000
Income before income taxes 21,848 17,016 18,696
Provision for income taxes 5,578 5,724 4,756
Consolidated net income 16,270 11,292 13,940
Consolidated net (income) loss attributable to noncontrolling interest (759) 388 (267)
Consolidated net income attributable to Walmart $ 15,511 $ 11,680 $ 13,673
Net income per common share:      
Basic net income per common share attributable to Walmart (in USD per share) $ 1.92 $ 1.43 $ 1.63
Diluted net income per common share attributable to Walmart (in USD per share) $ 1.91 $ 1.42 $ 1.62
Weighted-average common shares outstanding:      
Basic (in shares) 8,077 8,171 8,376
Diluted (in shares) 8,108 8,202 8,415
Dividends declared per common share (in USD per share) $ 0.7600 $ 0.7467 $ 0.7333
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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Statement of Comprehensive Income [Abstract]      
Consolidated net income $ 16,270 $ 11,292 $ 13,940
Consolidated net (income) loss attributable to noncontrolling interest (759) 388 (267)
Consolidated net income attributable to Walmart 15,511 11,680 13,673
Other comprehensive income (loss), net of income taxes      
Currency translation and other 899 (1,858) 2,442
Net investment hedges 0 0 (1,202)
Cash flow hedges 56 (203) (444)
Minimum pension liability (11) 5 1,974
Other comprehensive income (loss), net of income taxes 944 (2,056) 2,770
Other comprehensive (income) loss attributable to noncontrolling interest (566) 404 230
Other comprehensive income (loss) attributable to Walmart 378 (1,652) 3,000
Comprehensive income, net of income taxes 17,214 9,236 16,710
Comprehensive (income) loss attributable to noncontrolling interest (1,325) 792 (37)
Comprehensive income attributable to Walmart $ 15,889 $ 10,028 $ 16,673
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Consolidated Balance Sheets - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Current assets:    
Cash and cash equivalents $ 9,867 $ 8,625
Receivables, net 8,796 7,933
Inventories 54,892 56,576
Prepaid expenses and other 3,322 2,521
Total current assets 76,877 75,655
Property and equipment, net 110,810 100,760
Operating lease right-of-use assets 13,673 13,555
Finance lease right-of-use assets, net 5,855 4,919
Goodwill 28,113 28,174
Other long-term assets 17,071 20,134
Total assets 252,399 243,197
Current liabilities:    
Short-term borrowings 878 372
Accounts payable 56,812 53,742
Accrued liabilities 28,759 31,126
Accrued income taxes 307 727
Long-term debt due within one year 3,447 4,191
Operating lease obligations due within one year 1,487 1,473
Finance lease obligations due within one year 725 567
Total current liabilities 92,415 92,198
Long-term debt 36,132 34,649
Long-term operating lease obligations 12,943 12,828
Long-term finance lease obligations 5,709 4,843
Deferred income taxes and other 14,629 14,688
Commitments and contingencies
Redeemable noncontrolling interest 222 237
Equity:    
Common stock 805 808
Capital in excess of par value 4,544 4,430
Retained earnings 89,814 83,135
Accumulated other comprehensive loss (11,302) (11,680)
Total Walmart shareholders' equity 83,861 76,693
Noncontrolling interest 6,488 7,061
Total equity 90,349 83,754
Total liabilities, redeemable noncontrolling interest, and equity $ 252,399 $ 243,197
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Consolidated Statements of Shareholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Capital in excess of par value
Retained earnings
Accumulated other comprehensive income (loss)
Total Walmart shareholders' equity
Noncontrolling interest
Beginning balances (in shares) at Jan. 31, 2021   8,464          
Beginning balances at Jan. 31, 2021 $ 87,531 $ 846 $ 3,082 $ 88,763 $ (11,766) $ 80,925 $ 6,606
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Consolidated net income 13,940     13,673   13,673 267
Other comprehensive income (loss), net of income taxes 2,770       3,000 3,000 (230)
Cash dividends declared (6,152)     (6,152)   (6,152)  
Purchase of Company stock (in shares)   (210)          
Purchase of Company stock (9,808) $ (21) (412) (9,375)   (9,808)  
Cash dividend declared to noncontrolling interest (416)           (416)
Sale of subsidiary stock 3,239   952     952 2,287
Other (in shares)   30          
Other 787 $ 3 665 (5)   663 124
Ending balances (in shares) at Jan. 31, 2022   8,284          
Ending balances at Jan. 31, 2022 91,891 $ 828 4,287 86,904 (8,766) 83,253 8,638
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Consolidated net income 11,292     11,680   11,680 (388)
Other comprehensive income (loss), net of income taxes (2,056)       (1,652) (1,652) (404)
Cash dividends declared (6,114)     (6,114)   (6,114)  
Purchase of Company stock (in shares)   (221)          
Purchase of Company stock (9,866) $ (22) (518) (9,326)   (9,866)  
Cash dividend declared to noncontrolling interest (449)           (449)
Purchase of noncontrolling interest (1,773)   (18)   (1,262) (1,280) (493)
Sale of subsidiary stock 66   48     48 18
Other (in shares)   17          
Other 763 $ 2 631 (9)   624 139
Ending balances (in shares) at Jan. 31, 2023   8,080          
Ending balances at Jan. 31, 2023 83,754 $ 808 4,430 83,135 (11,680) 76,693 7,061
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Consolidated net income 16,270            
Consolidated net income 16,285     15,511   15,511 774
Other comprehensive income (loss), net of income taxes 944       378 378 566
Cash dividends declared (6,140)     (6,140)   (6,140)  
Purchase of Company stock (in shares)   (55)          
Purchase of Company stock (2,791) $ (6) (150) (2,635)   (2,791)  
Cash dividend declared to noncontrolling interest (776)           (776)
Purchase of noncontrolling interest (2,443)   (1,076)     (1,076) (1,367)
Sale of subsidiary stock 716   562     562 154
Other (in shares)   29          
Other 800 $ 3 778 (57)   724 76
Ending balances (in shares) at Jan. 31, 2024   8,054          
Ending balances at Jan. 31, 2024 $ 90,349 $ 805 $ 4,544 $ 89,814 $ (11,302) $ 83,861 $ 6,488
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Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Statement of Stockholders' Equity [Abstract]      
Cash dividends declared (in USD per share) $ 0.7600 $ 0.7467 $ 0.7333
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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Cash flows from operating activities:      
Consolidated net income $ 16,270 $ 11,292 $ 13,940
Adjustments to reconcile consolidated net income to net cash provided by operating activities:      
Depreciation and amortization 11,853 10,945 10,658
Net unrealized and realized (gains) and losses 3,193 1,683 2,440
Losses on disposal of business operations 0 0 433
Deferred income taxes (175) 449 (755)
Loss on extinguishment of debt 0 0 2,410
Other operating activities 2,642 1,919 1,652
Changes in certain assets and liabilities, net of effects of acquisitions and dispositions:      
Receivables, net (797) 240 (1,796)
Inventories 2,017 (528) (11,764)
Accounts payable 2,515 (1,425) 5,520
Accrued liabilities (1,324) 4,393 1,404
Accrued income taxes (468) (127) 39
Net cash provided by operating activities 35,726 28,841 24,181
Cash flows from investing activities:      
Payments for property and equipment (20,606) (16,857) (13,106)
Proceeds from the disposal of property and equipment 250 170 394
Proceeds from disposal of certain operations, net of divested cash 135 0 7,935
Payments for business acquisitions, net of cash acquired (9) (740) (359)
Other investing activities (1,057) (295) (879)
Net cash used in investing activities (21,287) (17,722) (6,015)
Cash flows from financing activities:      
Net change in short-term borrowings 512 (34) 193
Proceeds from issuance of long-term debt 4,967 5,041 6,945
Repayments of long-term debt (4,217) (2,689) (13,010)
Premiums paid to extinguish debt 0 0 (2,317)
Dividends paid (6,140) (6,114) (6,152)
Purchase of Company stock (2,779) (9,920) (9,787)
Dividends paid to noncontrolling interest (763) (444) (424)
Purchase of noncontrolling interest (3,462) (827) 0
Sale of subsidiary stock 716 66 3,239
Other financing activities (2,248) (2,118) (1,515)
Net cash used in financing activities (13,414) (17,039) (22,828)
Effect of exchange rates on cash, cash equivalents and restricted cash 69 (73) (140)
Net increase (decrease) in cash, cash equivalents and restricted cash     (4,802)
Net increase (decrease) in cash, cash equivalents and restricted cash 1,094 (5,993)  
Change in cash and cash equivalents reclassified from assets held for sale 0 0 1,848
Cash, cash equivalents and restricted cash at beginning of year 8,841 14,834 17,788
Cash, cash equivalents and restricted cash at end of year 9,935 8,841 14,834
Supplemental disclosure of cash flow information:      
Income taxes paid 5,879 3,310 5,918
Interest paid $ 2,519 $ 2,051 $ 2,237
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Summary of Significant Accounting Policies
 12 Months Ended
Jan. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Significant Accounting Policies Summary of Significant Accounting Policies
General
Walmart Inc. ("Walmart" or the "Company") is a people-led, technology-powered omni-channel retailer dedicated to helping people around the world save money and live better – anytime and anywhere – by providing the opportunity to shop in both retail stores and through eCommerce. Through innovation, the Company is striving to continuously improve a customer-centric experience that seamlessly integrates eCommerce and retail stores in an omni-channel offering that saves time for its customers.
The Company's operations comprise three reportable segments: Walmart U.S., Walmart International and Sam's Club.
Principles of Consolidation
The Consolidated Financial Statements include the accounts of Walmart and its subsidiaries as of and for the fiscal years ended January 31, 2024 ("fiscal 2024"), January 31, 2023 ("fiscal 2023") and January 31, 2022 ("fiscal 2022"). Intercompany accounts and transactions have been eliminated in consolidation. The Company consolidates variable interest entities where it has been determined that the Company is the primary beneficiary of those entities' operations. Investments in common stock or in-substance common stock for which the Company exercises significant influence but does not have control are accounted for under the equity method. These variable interest entities and equity method investments are immaterial to the Company's Consolidated Financial Statements.
The Company's Consolidated Financial Statements are based on a fiscal year ending on January 31 for the United States ("U.S.") and Canadian operations. The Company consolidates all other operations generally using a one-month lag and based on a calendar year. There were no significant intervening events during the month of January 2024 related to the operations consolidated using a lag that materially affected the Consolidated Financial Statements.
Use of Estimates
The Consolidated Financial Statements have been prepared in conformity with U.S. generally accepted accounting principles ("GAAP"). Those principles require management to make estimates and assumptions that affect the reported amounts of assets and liabilities. Management's estimates and assumptions also affect the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.
Common Stock Split
On February 23, 2024, the Company effected a 3-for-1 forward split of its common stock and a proportionate increase in the number of authorized shares. All share and per share information, including share based compensation, throughout this Annual Report on Form 10-K has been retroactively adjusted to reflect the stock split. The shares of common stock retain a par value of $0.10 per share. Accordingly, an amount equal to the par value of the increased shares resulting from the stock split was reclassified from capital in excess of par value to common stock.
Cash and Cash Equivalents
The Company considers investments with a maturity when purchased of three months or less to be cash equivalents. All credit card, debit card and electronic transfer transactions that process in less than seven days are classified as cash and cash equivalents. The amounts due from banks for these transactions classified as cash and cash equivalents totaled $2.1 billion and $2.0 billion as of January 31, 2024 and 2023, respectively.
The Company's cash balances are held in various locations around the world. Of the Company's $9.9 billion and $8.6 billion in cash and cash equivalents as of January 31, 2024 and January 31, 2023, approximately 60% and 62% were held outside of the U.S., respectively. Cash and cash equivalents held outside of the U.S. are generally utilized to support liquidity needs in the Company's non-U.S. operations.
The Company uses intercompany financing arrangements in an effort to ensure cash can be made available in the country in which it is needed with the minimum cost possible.
As of January 31, 2024 and 2023, cash and cash equivalents of approximately $3.5 billion and $2.9 billion, respectively, may not be freely transferable to the U.S. due to local laws, other restrictions or are subject to the approval of the noncontrolling interest shareholders.
Receivables
Receivables are stated at their carrying values, net of a reserve for doubtful accounts, and are primarily due from the following: customers, which includes pharmacy insurance companies as well as advertisers, and banks for customer credit, debit cards and electronic transfer transactions that take in excess of seven days to process; suppliers for marketing or incentive programs; governments for income taxes; and real estate transactions. Net receivables from transactions with customers were $3.7 billion as of January 31, 2024 and January 31, 2023.
Inventories
The Company utilizes various inventory methods to account for and value its inventories depending upon the nature of the store formats and businesses in each of its segments, resulting in inventories that are recorded at the lower of cost or market or net realizable value, as appropriate.
•Walmart U.S. Segment - Inventories are primarily accounted for under the retail inventory method of accounting ("RIM") to determine inventory cost, using the last-in, first-out ("LIFO") valuation method. RIM generally results in inventory being valued at the lower of cost or market as permanent markdowns are immediately recorded as a reduction of the retail value of inventory.
•Walmart International Segment – Depending on the store format in each market, inventories are generally accounted for using either the RIM or weighted-average cost method, using the first-in, first-out valuation method.
•Sam's Club Segment - The majority of this segment's inventory is accounted for and valued using the weighted-average cost LIFO method.
For those segments that utilize the LIFO method, the Company records an adjustment each quarter, if necessary, for the projected annual effect of inflation or deflation. These estimates are adjusted to actual results determined at year end for inflation or deflation and inventory levels.
Property and Equipment
Property and equipment are initially recorded at cost. Gains or losses on disposition are recognized as earned or incurred. Costs of major improvements are capitalized, while costs of normal repairs and maintenance are expensed as incurred. The following table summarizes the Company's property and equipment balances and includes the estimated useful lives that are generally used to depreciate the assets on a straight-line basis:
Estimated Useful LivesAs of January 31,
(Dollars in millions)(in Years)20242023
LandN/A$19,562 $19,317 
Buildings and improvements
3 - 40
111,767 104,554 
Fixtures and equipment
2 - 30
72,161 65,235 
Transportation equipment
3 - 15
2,979 2,462 
Construction in progressN/A13,390 10,802 
Property and equipment219,859 202,370 
Accumulated depreciation(109,049)(101,610)
Property and equipment, net$110,810 $100,760 
Leasehold improvements are depreciated or amortized over the shorter of the estimated useful life of the asset or the remaining expected lease term. Total depreciation and amortization expense for property and equipment, property under finance leases and intangible assets for fiscal 2024, 2023 and 2022 was $11.9 billion, $10.9 billion and $10.7 billion, respectively.
Leases
For any new or modified lease, the Company, at the inception of the contract, determines whether a contract is or contains a lease. The Company records right-of-use ("ROU") assets and lease obligations for its finance and operating leases, which are initially recognized based on the discounted future lease payments over the term of the lease. If the rate implicit in the Company's leases is not readily determinable, the Company's applicable incremental borrowing rate is used in calculating the present value of the sum of the lease payments.
Lease term is defined as the non-cancelable period of the lease plus any options to extend or terminate the lease when it is reasonably certain that the Company will exercise the option. The Company has elected not to recognize ROU asset and lease obligations for its short-term leases, which are defined as leases with an initial term of 12 months or less.
For a majority of all classes of underlying assets, the Company has elected to not separate lease from non-lease components. For leases in which the lease and non-lease components have been combined, the variable lease expense includes expenses such as common area maintenance, utilities and repairs and maintenance.
Impairment of Long-Lived Assets
Management reviews long-lived assets for indicators of impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The evaluation is performed at the lowest level of identifiable cash flows, which is at the individual store or club level. Undiscounted cash flows expected to be generated by the related assets are estimated over the assets' useful lives based on updated projections. If the evaluation indicates that the carrying amount of the assets may not be recoverable, any potential impairment is measured based upon the fair value of the related asset or asset group as determined by an appropriate market appraisal or other valuation technique.
Goodwill and Other Acquired Intangible Assets
Goodwill represents the excess of the purchase price over the fair value of net assets acquired in business combinations and is allocated to the appropriate reporting unit when acquired. Other acquired intangible assets are stated at the fair value acquired as determined by a valuation technique commensurate with the intended use of the related asset. Goodwill and indefinite-lived intangible assets are not amortized; rather, they are evaluated for impairment annually and whenever events or changes in circumstances indicate that the value of the asset may be impaired. Definite-lived intangible assets are considered long-lived assets and are amortized on a straight-line basis over the periods that expected economic benefits will be provided.
Goodwill is typically assigned to the reporting unit which consolidates the acquisition. Components within the same reportable segment are aggregated and deemed a single reporting unit if the components have similar economic characteristics. As of January 31, 2024, the Company's reporting units consisted of Walmart U.S., Walmart International and Sam's Club. Goodwill and other indefinite-lived acquired intangible assets are evaluated for impairment using either a qualitative or quantitative approach for each of the Company's reporting units. Generally, a qualitative assessment is first performed to determine whether a quantitative goodwill impairment test is necessary. If management determines, after performing an assessment based on the qualitative factors, that the fair value of the reporting unit is more likely than not less than the carrying amount, or that a fair value of the reporting unit substantially in excess of the carrying amount cannot be assured, then a quantitative goodwill impairment test would be required. The quantitative test for goodwill impairment is performed by determining the fair value of the related reporting units. Fair value is measured based on the discounted cash flow method and relative market-based approaches. Management has performed its evaluation and determined the fair value of each reporting unit is significantly greater than the carrying amount and, accordingly, the Company has not recorded any impairment charges related to goodwill during fiscal 2024, fiscal 2023 or fiscal 2022.
The following table reflects goodwill activity, by reportable segment, for fiscal 2024 and 2023:
(Amounts in millions)Walmart U.S.Walmart
International		Sam's ClubTotal
Balances as of February 1, 2022$2,941 $25,752 $321 $29,014 
Changes in currency translation and other— (1,475)— (1,475)
Acquisitions433 202 — 635 
Balances as of January 31, 20233,374 24,479 321 28,174 
Changes in currency translation and other(10)(58)— (68)
Acquisitions— 7 — 7 
Balances as of January 31, 2024$3,364 $24,428 $321 $28,113 
Intangible assets are recorded in other long-term assets in the Company's Consolidated Balance Sheets. As of January 31, 2024 and 2023, the Company had $4.1 billion and $4.3 billion, respectively, in indefinite-lived intangible assets which primarily consists of acquired trade names. There were no significant impairment charges related to intangible assets for fiscal 2024, 2023 or 2022.
Fair Value Measurement
The Company records and discloses certain financial and non-financial assets and liabilities at fair value. The fair value of an asset is the price at which the asset could be sold in an orderly transaction between unrelated, knowledgeable and willing parties able to engage in the transaction. The fair value of a liability is the amount that would be paid to transfer the liability to a new obligor in a transaction between such parties, not the amount that would be paid to settle the liability with the creditor. Refer to Note 8 for more information.
Investments
Investments in equity securities are recorded in other long-term assets in the Consolidated Balance Sheets. Changes in the fair value of certain equity securities, as well as certain immaterial equity method investments where the Company has elected the fair value option, are measured on a recurring basis and recognized within other gains and losses in the Consolidated Statements of Income. These fair value changes, along with certain other immaterial investment activity, resulted in net losses of $3.8 billion, $1.7 billion and $2.4 billion for fiscal 2024, 2023 and 2022, respectively, primarily due to net changes in the underlying stock prices of those investments. Refer to Note 8 for details. Equity investments without readily determinable fair values are
carried at cost and adjusted for any observable price changes or impairments within other gains and losses in the Consolidated Statements of Income.
Investments in debt securities classified as trading are reported at fair value and adjustments in fair value are recorded within other gains and losses in the Consolidated Statements of Income. As of January 31, 2024 and January 31, 2023, the Company had $1.2 billion and $0.5 billion, respectively, in debt securities classified as trading.
Indemnification Liabilities
The Company has provided certain indemnifications in connection with its divestitures and has recorded indemnification liabilities equal to the estimated fair value of the obligations upon inception. As of January 31, 2024 and January 31, 2023, the Company had $0.7 billion and $0.6 billion, respectively, of certain legal indemnification liabilities recorded within deferred income taxes and other in the Consolidated Balance Sheets. The maximum of potential future payments under these indemnities was $3.2 billion, based on exchange rates as of January 31, 2024.
Supplier Financing Program Obligations
In September 2022, the FASB issued ASU 2022-04, Liabilities - Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations, which enhances the transparency about the use of supplier finance programs for investors and other allocators of capital. The Company adopted this ASU as of February 1, 2023, other than the roll-forward disclosure requirement, which the Company will adopt in fiscal 2025.
The Company has supplier financing programs with financial institutions, in which the Company agrees to pay the financial institution the stated amount of confirmed invoices on the invoice due date for participating suppliers. Participation in these programs is optional and solely up to the supplier, who negotiates the terms of the arrangement directly with the financial institution and may allow early payment. Supplier participation in these programs has no bearing on the Company's amounts due. The payment terms that the Company has with participating suppliers under these programs generally range between 30 and 90 days. The Company does not have an economic interest in a supplier's participation in the program or a direct financial relationship with the financial institution funding the program. The Company is responsible for ensuring that participating financial institutions are paid according to the terms negotiated with the supplier, regardless of whether the supplier elects to receive early payment from the financial institution. The outstanding payment obligations to financial institutions under these programs were $5.3 billion and $5.2 billion, as of January 31, 2024 and January 31, 2023, respectively. These obligations are generally classified as accounts payable within the Consolidated Balance Sheets. The activity related to these programs is classified as an operating activity within the Consolidated Statements of Cash Flows.
Self Insurance Reserves
The Company self-insures a number of risks, including, but not limited to, workers' compensation, general liability, auto liability, product liability and certain employee-related healthcare benefits. Standard actuarial procedures and data analysis are used to estimate the liabilities associated with these risks on an undiscounted basis. The recorded liabilities reflect the ultimate cost for claims incurred but not paid and any estimable administrative run-out expenses related to the processing of these outstanding claim payments. On a regular basis, the liabilities are evaluated for appropriateness with claims reserve valuations. To limit exposure to some risks, the Company maintains insurance coverage with varying limits and retentions, including stop-loss insurance coverage for workers' compensation, general liability and auto liability.
Derivatives
The Company uses derivatives for hedging purposes to manage its exposure to changes in interest and currency exchange rates, as well as to maintain an appropriate mix of fixed- and variable-rate debt. Use of derivatives in hedging programs subjects the Company to certain risks, such as market and credit risks. The Company may be exposed to credit-related losses in the event of nonperformance by its counterparties to derivatives. Credit risk is monitored through established approval procedures, including setting concentration limits by counterparty, reviewing credit ratings and requiring collateral from the counterparty. The Company enters into derivatives with counterparties rated generally "A-" or better by nationally recognized credit rating agencies. The Company is subject to master netting arrangements which provides set-off and close-out netting of exposures with counterparties, but the Company does not offset derivative assets and liabilities in its Consolidated Balance Sheets. The Company's collateral arrangements require the counterparty in a net liability position in excess of pre-determined thresholds, after considering the effects of netting arrangements, to pledge cash collateral. Cash collateral received from counterparties and cash collateral provided to counterparties under these arrangements was not significant as of January 31, 2024 and 2023.
In order to qualify for hedge accounting, at the inception of the hedging relationship, the Company formally documents its risk management objective and strategy for undertaking the hedging transaction, as well as its designation of the hedge. If a derivative is recorded using hedge accounting, depending on the nature of the hedge, derivative gains and losses are recorded through the same financial statement line item in earnings or are recognized in accumulated other comprehensive loss until the hedged item is recognized in earnings. Derivatives that do not meet the criteria for hedge accounting, or contracts for which the Company has not elected hedge accounting, are recorded at fair value with unrealized gains or losses reported in earnings. Derivatives with an unrealized gain are recorded in the Company's Consolidated Balance Sheets as either current or non-current assets, based on maturity date, and derivatives with an unrealized loss are recorded as either current or non-current liabilities, based on maturity date. Refer to Note 8 for the presentation of the Company's derivative assets and liabilities.
Fair Value Hedges
The Company is a party to receive fixed-rate, pay variable-rate interest rate swaps that the Company uses to hedge the fair value of fixed-rate debt. All interest rate swaps designated as fair value hedges of the related long-term debt meet the shortcut method requirements under U.S. GAAP. Accordingly, changes in the fair values of these interest rate swaps are considered to exactly offset changes in the fair value of the underlying long-term debt. These derivatives will mature on dates ranging from April 2024 to September 2031.
Cash Flow Hedges
The Company is a party to receive fixed-rate, pay fixed-rate cross currency interest rate swaps used to hedge the currency exposure associated with the forecasted payments of principal and interest of certain non-U.S. denominated debt. The Company records changes in the fair value of these swaps in accumulated other comprehensive loss which is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. These derivatives will mature on dates ranging from July 2024 to January 2039.
Net Investment Hedges
Prior to the divestiture of the Company's operations in the United Kingdom and Japan as discussed in Note 12, the Company was a party to receive fixed-rate, pay fixed-rate cross currency interest rate swaps used to hedge the currency exposure associated with net investments of these foreign operations. Changes in fair value attributable to the hedged risk were recorded in accumulated other comprehensive loss. The Company also previously designated certain foreign currency denominated long-term debt as a hedge of currency exposure associated with the net investment of these divested operations and recorded foreign currency gain or loss associated with designated long-term debt in accumulated other comprehensive loss. Upon closing of the sale of the Company's operations in the U.K. and Japan during the first quarter of fiscal 2022, these amounts were released from accumulated other comprehensive loss as discussed in Note 4.
Income Taxes
Income taxes are accounted for under the balance sheet method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases ("temporary differences"). Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rate is recognized in income in the period that includes the enactment date.
Deferred tax assets are evaluated for future realization and reduced by a valuation allowance to the extent that a portion is not more likely than not to be realized. Many factors are considered when assessing whether it is more likely than not that the deferred tax assets will be realized, including recent cumulative earnings, expectations of future taxable income, carryforward periods, and other relevant quantitative and qualitative factors. The recoverability of the deferred tax assets is evaluated by assessing the adequacy of future expected taxable income from all sources, including reversal of taxable temporary differences, forecasted operating earnings and available tax planning strategies. These sources of income rely on estimates.
In determining the provision for income taxes, an annual effective income tax rate is used based on annual income, permanent differences between book and tax income, and statutory income tax rates. Discrete events such as audit settlements or changes in tax laws are recognized in the period in which they occur.
The Company records a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. The Company records interest and penalties related to unrecognized tax benefits in interest expense and operating, selling, general and administrative expenses, respectively, in the Company's Consolidated Statements of Income. Refer to Note 9 for additional income tax disclosures.
Redeemable Noncontrolling Interest
Noncontrolling interests that are redeemable outside the Company's control at fixed or determinable prices and dates are presented as temporary equity in the Consolidated Balance Sheets. Redeemable noncontrolling interests are recorded at the greater of the redemption fair value or the carrying value of the noncontrolling interest and adjusted each reporting period for income, loss and any distributions made. Remeasurements to the redemption value of the redeemable noncontrolling interest are recognized in capital in excess of par. As of January 31, 2024, the Company has a redeemable noncontrolling interest related to an acquisition in the Walmart U.S. segment as the minority interest owner holds a put option which may require the Company to purchase its interest beginning in December 2027, with annual options thereafter.
Revenue Recognition    
Net Sales
The Company recognizes sales revenue, net of sales taxes and estimated sales returns, at the time it sells merchandise or services to the customer. eCommerce sales include shipping revenue and are recorded upon delivery to the customer. Estimated sales returns are calculated based on expected returns.
Membership Fee Revenue
The Company recognizes membership fee revenue over the term of the membership, which is typically 12 months. Membership fee revenue was $3.1 billion for fiscal 2024, $2.6 billion for fiscal 2023 and $2.2 billion for fiscal 2022. Membership fee revenue is included in membership and other income in the Company's Consolidated Statements of Income. Deferred membership fee revenue is included in accrued liabilities in the Company's Consolidated Balance Sheets.
Gift Cards
Customer purchases of gift cards are not recognized as sales until the card is redeemed and the customer purchases merchandise using the gift card. Gift cards in the U.S. and some countries do not carry an expiration date; therefore, customers and members can redeem their gift cards for merchandise and services indefinitely. Gift cards in some countries where the Company does business have expiration dates. While gift cards are generally redeemed within 12 months, a certain number of gift cards, both with and without expiration dates, will not be fully redeemed. Management estimates unredeemed balances and recognizes revenue for these amounts in membership and other income in the Company's Consolidated Statements of Income over the expected redemption period.
Financial, Advertising and Other Services
The Company recognizes revenue from service transactions at the time the service is performed. Generally, revenue from services is classified as a component of net sales in the Company's Consolidated Statements of Income.
Cost of Sales
Cost of sales includes actual product cost, the cost of transportation to the Company's distribution facilities, stores and clubs from suppliers, the cost of transportation from the Company's distribution facilities to the stores, clubs and customers and the cost of warehousing for the Sam's Club segment and import distribution centers. Cost of sales is reduced by supplier payments that are not a reimbursement of specific, incremental and identifiable costs.
Payments from Suppliers
The Company receives consideration from suppliers for various programs, primarily volume incentives, warehouse allowances and reimbursements for specific programs such as markdowns, margin protection, certain advertising arrangements and supplier-specific fixtures. Payments from suppliers are accounted for as a reduction of cost of sales and recognized in the Company's Consolidated Statements of Income when the related inventory is sold, except in certain limited situations when the payment is a reimbursement of specific, incremental and identifiable costs.
Operating, Selling, General and Administrative Expenses
Operating, selling, general and administrative expenses include all operating costs of the Company, except cost of sales, as described above. As a result, the majority of the cost of warehousing and occupancy for the Walmart U.S. and Walmart International segments' distribution facilities is included in operating, selling, general and administrative expenses. Because the Company only includes a portion of the cost of its Walmart U.S. and Walmart International segments' distribution facilities in cost of sales, its gross profit and gross profit as a percentage of net sales may not be comparable to those of other retailers that may include all costs related to their distribution facilities in cost of sales and in the calculation of gross profit.
Advertising Costs
Advertising costs are expensed as incurred, and consist primarily of digital, television and print advertisements that are recorded in operating, selling, general and administrative expenses in the Company's Consolidated Statements of Income. Advertising costs were $4.4 billion, $4.1 billion and $3.9 billion for fiscal 2024, 2023 and 2022, respectively.
Currency Translation
The assets and liabilities of all international subsidiaries are translated from the respective local currency to the U.S. dollar using exchange rates at the balance sheet date. Related translation adjustments are recorded as a component of accumulated other comprehensive loss. The Company's Consolidated Statements of Income of all international subsidiaries are translated from the respective local currencies to the U.S. dollar using average exchange rates for the period covered by the income statements.
Recent Accounting Pronouncements
In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which updates reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses. The amendments are effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments should be applied retrospectively to all prior periods presented in the financial statements. Management is currently evaluating this ASU to determine its impact on the Company's disclosures.
In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which expands the requirements for income tax disclosures in order to provide greater transparency. The amendments are effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments should be applied prospectively. Management is currently evaluating this ASU to determine its impact on the Company's disclosures.
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Net Income Per Common Share
 12 Months Ended
Jan. 31, 2024
Earnings Per Share [Abstract]  
Net Income Per Common Share Net Income Per Common Share
Basic net income per common share attributable to Walmart is based on the weighted-average common shares outstanding during the relevant period. Diluted net income per common share attributable to Walmart is based on the weighted-average common shares outstanding during the relevant period adjusted for the dilutive effect of share-based awards. The Company did not have significant share-based awards outstanding that were antidilutive and not included in the calculation of diluted net income per common share attributable to Walmart for fiscal 2024, 2023 and 2022.
The following table provides a reconciliation of the numerators and denominators used to determine basic and diluted net income per common share attributable to Walmart:
Fiscal Years Ended January 31,
(Amounts in millions, except per share data)202420232022
Numerator
Consolidated net income$16,270 $11,292 $13,940 
Consolidated net (income) loss attributable to noncontrolling interest(759)388 (267)
Consolidated net income attributable to Walmart$15,511 $11,680 $13,673 
Denominator
Weighted-average common shares outstanding, basic8,077 8,171 8,376 
Dilutive impact of stock options and other share-based awards31 31 39 
Weighted-average common shares outstanding, diluted8,108 8,202 8,415 
Net income per common share attributable to Walmart
Basic$1.92 $1.43 $1.63 
Diluted1.91 1.42 1.62 
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Shareholders' Equity
 12 Months Ended
Jan. 31, 2024
Equity [Abstract]  
Shareholders' Equity Shareholders' Equity
The total authorized shares of $0.10 par value common stock is 33.0 billion, of which 8.1 billion were issued and outstanding as of January 31, 2024 and 2023. The total authorized shares of $0.10 par value preferred stock is 0.1 billion; none of which were issued or outstanding for any period presented.
Purchases and Sales of Subsidiary Stock
During fiscal 2024, the Company paid $3.5 billion to acquire shares from certain Flipkart noncontrolling interest holders and settle the liability to former noncontrolling interest holders of PhonePe. The Company's ownership of Flipkart increased from approximately 75% as of January 31, 2023 to approximately 85% as of January 31, 2024.
Also during fiscal 2024, the Company received $0.7 billion related to new rounds of equity funding for the Company's majority owned PhonePe subsidiary, which decreased the Company's ownership from approximately 89% as of January 31, 2023 to approximately 84% as of January 31, 2024.
During fiscal 2023, the Company completed a $0.4 billion buyout of the noncontrolling interest shareholders of the Company's Massmart subsidiary. This transaction increased the Company's ownership in Massmart from approximately 53% to 100%. Additionally, the Company completed a $0.4 billion acquisition of Alert Innovation, which was previously consolidated as a variable interest entity, and resulted in the Company becoming a 100% owner.
Also during fiscal 2023, the Company increased its ownership in PhonePe from approximately 76% to approximately 89% as part of the separation from the Company's majority-owned Flipkart subsidiary. In consideration for the transaction, the Company initially recorded a liability to noncontrolling interest holders of $0.9 billion within accrued liabilities in the Company's Consolidated Balance Sheet as of January 31, 2023, which was paid during fiscal 2024.
During fiscal 2022, the Company received $3.2 billion primarily related to a new equity funding for the Company's majority-owned Flipkart subsidiary, which reduced the Company's ownership from approximately 83% as of January 31, 2021 to approximately 75% as of January 31, 2022.
Share-Based Compensation
The Company has awarded share-based compensation to associates and nonemployee directors of the Company. The compensation expense recognized for all stock incentive plans, including expense associated with plans of the Company's consolidated subsidiaries granted in the subsidiaries' respective stock, was $2.1 billion, $1.6 billion and $1.2 billion for fiscal 2024, 2023 and 2022, respectively. Share-based compensation expense is generally included in operating, selling, general and administrative expenses in the Company's Consolidated Statements of Income. The total income tax benefit recognized for share-based compensation was $0.5 billion, $0.4 billion and $0.3 billion for fiscal 2024, 2023 and 2022, respectively. The following table summarizes the Company's share-based compensation expense by award type for all plans:
 Fiscal Years Ended January 31,
(Amounts in millions)202420232022
Restricted stock units$1,258 $927 $659 
Restricted stock and performance-based restricted stock units609 444 321 
Other226 207 183 
Share-based compensation expense$2,093 $1,578 $1,163 
The Walmart Inc. Stock Incentive Plan of 2015 (the "Plan"), as subsequently amended and restated, was established to grant stock options, restricted (non-vested) stock, restricted stock units, performance share units and other equity compensation awards for which 780 million shares of Walmart common stock issued or to be issued under the Plan have been registered under the Securities Act of 1933. The Company believes that such awards serve to align the interests of its associates with those of its shareholders.
The Plan's award types are summarized as follows:
•Restricted Stock Units. Restricted stock units provide rights to Company stock after a specified service period. Beginning in fiscal 2023, restricted stock units generally vest at a rate of approximately 8% each quarter over a three year period from the date of grant. For grants made from fiscal 2020 through fiscal 2022, restricted stock units generally vest at a rate of 25% each year over a four year period from the date of the grant. Prior to fiscal 2020, 50% of restricted stock units generally vested three years from the grant date and the remaining 50% were vested five years from the grant date. The fair value of each restricted stock unit is determined on the date of grant using the stock price discounted for the expected dividend yield through the vesting period and is recognized ratably over the vesting period. The expected dividend yield is based on the anticipated dividends over the vesting period. The weighted-average discount for the dividend yield used to determine the fair value of restricted stock units granted in fiscal 2024, 2023 and 2022 was 2.2%, 2.3% and 3.8%, respectively.
•Restricted Stock and Performance-based Restricted Stock Units. Restricted stock awards are for shares that vest based on the passage of time and include restrictions related to employment. Performance-based restricted stock units vest based on the passage of time and achievement of performance criteria and generally range from 0% to 150% of the original award amount. Vesting periods for restricted stock are generally between one month and three years. Vesting periods for performance-based restricted stock units are generally between one and three years. Restricted stock and performance-based restricted stock units may be settled or deferred in stock and are accounted for as equity in the Company's Consolidated Balance Sheets. The fair value of restricted stock awards is determined on the date of grant and is expensed ratably over the vesting period. The fair value of performance-based restricted stock units is determined on the date of grant using the Company's stock price discounted for the expected dividend yield through the vesting period and is recognized over the vesting period. The weighted-average discount for the dividend yield used to determine the fair value of performance-based restricted stock units in fiscal 2024, 2023 and 2022 was 3.3%, 3.3% and 4.2%, respectively.
In addition to the Plan, Flipkart and PhonePe have share-based compensation plans for associates under which options to acquire their own common shares may be issued. These plans may be subject to performance or other conditions, including vesting upon an initial public offering. Share-based compensation expense associated with certain of these plans is included in the Other line in the table above.
The following table shows the activity for restricted stock units and restricted stock and performance-based restricted stock units during fiscal 2024:
Restricted Stock UnitsRestricted Stock and
Performance-based Restricted Stock Units
(Shares in thousands)SharesWeighted-Average Grant-Date Fair Value Per ShareSharesWeighted-Average Grant-Date Fair Value Per Share
Outstanding as of February 1, 202348,660 $42.67 21,480 $46.29 
Granted35,751 48.37 12,999 49.07 
Adjustment for performance achievement(1)
— — 1,713 47.27 
Vested/exercised(31,794)42.29 (10,383)45.85 
Forfeited (3,426)46.47 (2,706)46.51 
Outstanding as of January 31, 202449,191 $46.79 23,103 $48.09 
(1) Represents the adjustment to previously granted performance share units for performance achievement.
The following table includes additional information related to restricted stock units and restricted stock and performance-based restricted stock units: 
 Fiscal Years Ended January 31,
(Amounts in millions, except years)202420232022
Fair value of restricted stock units vested$1,345 $931 $703 
Fair value of restricted stock and performance-based restricted stock units vested477 390 264 
Unrecognized compensation cost for restricted stock units1,686 1,323 1,102 
Unrecognized compensation cost for restricted stock and performance-based restricted stock units656 548 417 
Weighted average remaining period to expense for restricted stock units (years)0.91.01.2
Weighted average remaining period to expense for restricted stock and performance-based restricted stock units (years)1.31.41.5
Share Repurchase Program
From time to time, the Company repurchases shares of its common stock under share repurchase programs authorized by the Company's Board of Directors. All repurchases made during fiscal 2024 were made under the current $20.0 billion share repurchase program approved in November 2022, which has no expiration date or other restrictions limiting the period over which the Company can make repurchases. As of January 31, 2024 authorization for $16.5 billion of share repurchases remained under the share repurchase program. Any repurchased shares are constructively retired and returned to an unissued status.
The Company regularly reviews share repurchase activity and considers several factors in determining when to execute share repurchases, including, among other things, current cash needs, capacity for leverage, cost of borrowings, results of operations
and the market price of the Company's common stock. The following table provides, on a settlement date basis, the number of shares repurchased, average price paid per share and total amount paid for share repurchases for fiscal 2024, 2023 and 2022:
Fiscal Years Ended January 31,
(Amounts in millions, except per share data)202420232022
Total number of shares repurchased 54.6 221.8 209.1 
Average price paid per share $50.87 $44.72 $46.82 
Total cash paid for share repurchases$2,779 $9,920 $9,787 
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Accumulated Other Comprehensive Loss
 12 Months Ended
Jan. 31, 2024
Other Comprehensive Income (Loss), Tax [Abstract]  
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss
The following table provides the changes in the composition of total accumulated other comprehensive loss for fiscal 2024, 2023 and 2022:
(Amounts in millions and net of immaterial income taxes)Currency
Translation
and Other		Net Investment HedgesCash Flow HedgesMinimum
Pension Liability		Total
Balances as of February 1, 2021$(10,772)$1,296 $(304)$(1,986)$(11,766)
Other comprehensive loss before reclassifications, net
(586)(7)(540)— (1,133)
Reclassifications related to business dispositions, net(1)
3,258 (1,195)30 1,966 4,059 
Reclassifications to income, net— — 66 8 74 
Balances as of January 31, 2022(8,100)94 (748)(12)(8,766)
Other comprehensive income (loss) before reclassifications, net(1,145)— (571)5 (1,711)
Return of currency translation to parent(2)
(1,262)— — — (1,262)
Reclassifications to income, net(309)— 368 — 59 
Balances as of January 31, 2023(10,816)94 (951)(7)(11,680)
Other comprehensive income (loss) before reclassifications, net333 — (8)(11)314 
Reclassifications to income, net— — 64 — 64 
Balances as of January 31, 2024$(10,483)$94 $(895)$(18)$(11,302)
(1) Upon closing of the sale of the Company's operations in the U.K. and Japan during the first quarter of fiscal 2022, these amounts were released from accumulated other comprehensive loss, the majority of which was considered in the impairment evaluation when the individual disposal groups met the held for sale classification in fiscal 2021.
(2) Upon closing of the noncontrolling interest shareholder buyout of the Company's Massmart subsidiary during the fourth quarter of fiscal 2023, the cumulative amount of currency translation was reallocated from the Company's noncontrolling interest back to the Company. Refer to Note 3.
Amounts reclassified from accumulated other comprehensive loss for derivative instruments are generally recorded in interest, net, in the Company's Consolidated Statements of Income. The amounts for the minimum pension liability, as well as the cumulative translation resulting from the disposition of a business, are recorded in other gains and losses in the Company's Consolidated Statements of Income. Amounts related to the Company's derivatives expected to be reclassified from accumulated other comprehensive loss to net income during the next 12 months are not significant.
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Accrued Liabilities
 12 Months Ended
Jan. 31, 2024
Accrued Liabilities [Abstract]  
Accrued Liabilities Accrued Liabilities
The Company's accrued liabilities consist of the following as of January 31, 2024 and 2023:
 January 31,
(Amounts in millions)20242023
Accrued wages and benefits(1)
8,590 8,287 
Self-insurance(2)
4,916 4,724 
Accrued non-income taxes(3)
3,459 3,425 
Opioid litigation settlement(4)
— 2,949 
Deferred gift card revenue2,664 2,488 
Other(5)
9,130 9,253 
Total accrued liabilities$28,759 $31,126 
(1)Accrued wages and benefits include accrued wages, salaries, vacation, bonuses and other incentive plans.
(2)Self-insurance consists of insurance-related liabilities, such as workers' compensation, general liability, auto liability, product liability and certain employee-related healthcare benefits.
(3)Accrued non-income taxes include accrued payroll, property, value-added, sales and miscellaneous other taxes.
(4)Represents the remaining balance for the opioids litigation settlement (substantially all of the balance outstanding at the end of fiscal 2023 was paid in fiscal 2024, see Note 10.)
(5)Other accrued liabilities includes items such as deferred membership revenue, interest, the purchase of PhonePe stock (see Note 3), supply chain, advertising, and maintenance & utilities.
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Short-term Borrowings and Long-term Debt
 12 Months Ended
Jan. 31, 2024
Long-Term Debt, Unclassified [Abstract]  
Short-term Borrowings and Long-term Debt Short-term Borrowings and Long-term Debt
Short-term borrowings consist of commercial paper and lines of credit. Short-term borrowings as of January 31, 2024 and 2023 were $0.9 billion and $0.4 billion, respectively, with weighted-average interest rates of 7.7% and 6.6%, respectively.
The Company has various committed lines of credit in the U.S. to support its commercial paper program and are summarized in the following table:
January 31, 2024January 31, 2023
(Amounts in millions)AvailableDrawnUndrawnAvailableDrawnUndrawn
Five-year credit facility(1)
$5,000 $— $5,000 $5,000 $— $5,000 
364-day revolving credit facility(1)
10,000 — 10,000 10,000 — 10,000 
Total$15,000 $— $15,000 $15,000 $— $15,000 
(1)     In April 2023, the Company renewed and extended its existing 364-day revolving credit facility as well as its five year credit facility.
The committed lines of credit in the table above mature in April 2024 and April 2028, carry interest rates of the Secured Overnight Financing Rate plus 55 basis points, and incur commitment fees ranging between 1.5 and 4.0 basis points. In conjunction with the committed lines of credit listed in the table above, the Company has agreed to observe certain covenants, the most restrictive of which relates to the maximum amount of secured debt. Additionally, the Company has syndicated and fronted letters of credit available which totaled $2.1 billion as of January 31, 2024 and 2023, of which $1.7 billion and $1.8 billion was drawn as of January 31, 2024 and 2023, respectively.
The Company's long-term debt, which includes the fair value instruments further discussed in Note 8, consists of the following as of January 31, 2024 and 2023:
 January 31, 2024January 31, 2023
(Amounts in millions)Maturity Dates
By Fiscal Year		Amount
Average Rate(1)
Amount
Average Rate(1)
Unsecured debt
Fixed2025 - 2054$34,527 3.7%$33,707 3.6%
Total U.S. dollar denominated34,527 33,707 
Fixed2027 - 20301,789 4.0%1,790 4.0%
Total Euro denominated1,789 1,790 
Fixed2031 - 20393,412 5.4%3,318 5.4%
Total Sterling denominated3,412 3,318 
Fixed2025 - 2028677 0.4%767 0.4%
Total Yen denominated677 767 
Total unsecured debt40,405 39,582 
Total other(2)
(826)(742)
Total debt39,579 38,840 
Less amounts due within one year(3,447)(4,191)
Long-term debt$36,132 $34,649 
(1)The average rate represents the weighted-average stated rate for each corresponding debt category, based on year-end balances and year-end interest rates.
(2)Includes deferred loan costs, discounts, fair value hedges, foreign-held debt and secured debt.
Annual maturities of long-term debt during the next five years and thereafter are as follows:
(Amounts in millions)Annual
Fiscal YearMaturities
2025$3,447 
20262,600 
20273,483 
20281,760 
20293,458 
Thereafter24,831 
Total$39,579 
Debt Issuances
Information on significant long-term debt issued during fiscal 2024 and 2023, for general corporate purposes, is as follows:
(Amounts in millions)
Issue DatePrincipal AmountMaturity DateFixed vs. FloatingInterest RateNet Proceeds
April 18, 2023$750April 15, 2026Fixed4.000%$748 
April 18, 2023$750April 15, 2028Fixed3.900%746 
April 18, 2023$500April 15, 2030Fixed4.000%497 
April 18, 2023$1,500April 15, 2033Fixed4.100%1,491 
April 18, 2023$1,500April 15, 2053Fixed4.500%1,485 
Total$4,967 
(Amounts in millions)
Issue DatePrincipal AmountMaturity DateFixed vs. FloatingInterest RateNet Proceeds
September 9, 2022$1,750September 9, 2025Fixed3.900%$1,744 
September 9, 2022$1,000September 9, 2027Fixed3.950%994 
September 9, 2022$1,250September 9, 2032Fixed4.150%1,239 
September 9, 2022$1,000September 9, 2052Fixed4.500%992 
Total$4,969 
These issuances are senior, unsecured notes which rank equally with all other senior, unsecured debt obligations of the Company, and are not convertible or exchangeable. These issuances do not contain any financial covenants which restrict the Company's ability to pay dividends or repurchase Company stock. Additionally, the Company received immaterial proceeds from debt issuances by certain international markets during fiscal 2023.
Maturities and Extinguishments
The following tables provide details of significant long-term debt repayments during fiscal 2024 and 2023:
(Amounts in millions)
Maturity DatePrincipal AmountFixed vs. FloatingInterest RateRepayment
April 11, 2023$1,750Fixed2.550%$1,750 
June 26, 2023$2,280Fixed3.400%2,280
Total repayment of matured debt$4,030 
(Amounts in millions)
Maturity DatePrincipal AmountFixed vs. FloatingInterest RateRepayment
April 8, 2022€850Fixed1.900%$927 
July 15, 2022¥70,000Fixed0.183%512
December 15, 2022$1,250Fixed2.350%1,250
Total repayment of matured debt$2,689 
v3.24.0.1
Leases
 12 Months Ended
Jan. 31, 2024
Leases [Abstract]  
Leases Leases
The Company leases certain retail locations, distribution and fulfillment centers, warehouses, office spaces, land and equipment throughout the U.S. and internationally. The Company's lease costs recognized in the Consolidated Statements of Income consist of the following:
Fiscal years ended January 31,
(Amounts in millions)202420232022
Operating lease cost$2,277 $2,306$2,274
Finance lease cost:
   Amortization of right-of-use assets755 596565
   Interest on lease obligations326 256232
Variable lease cost1,082 899823
Other lease information is as follows:
Fiscal years ended January 31,
(Amounts in millions)202420232022
Cash paid for amounts included in measurement of lease obligations:
Operating cash flows from operating leases$2,273 2,280 2,234 
Operating cash flows from finance leases315 248 225 
Financing cash flows from finance leases1,055 563 538 
Assets obtained in exchange for operating lease obligations1,514 1,714 1,816 
Assets obtained in exchange for finance lease obligations1,572 1,226 1,044 
As of January 31,
20242023
Weighted-average remaining lease term - operating leases11.7 years12.0 years
Weighted-average remaining lease term - finance leases12.4 years13.3 years
Weighted-average discount rate - operating leases6.4%6.0%
Weighted-average discount rate - finance leases6.8%6.5%
The aggregate annual lease obligations at January 31, 2024, are as follows:
(Amounts in millions)
Fiscal YearOperating LeasesFinance Leases
2025$2,181 $1,071 
20262,107 1,000 
20271,970 926 
20281,815 823 
20291,645 636 
Thereafter11,295 5,850 
Total undiscounted lease obligations21,013 10,306 
Less imputed interest(6,583)(3,872)
Net lease obligations$14,430 $6,434 
Leases Leases
The Company leases certain retail locations, distribution and fulfillment centers, warehouses, office spaces, land and equipment throughout the U.S. and internationally. The Company's lease costs recognized in the Consolidated Statements of Income consist of the following:
Fiscal years ended January 31,
(Amounts in millions)202420232022
Operating lease cost$2,277 $2,306$2,274
Finance lease cost:
   Amortization of right-of-use assets755 596565
   Interest on lease obligations326 256232
Variable lease cost1,082 899823
Other lease information is as follows:
Fiscal years ended January 31,
(Amounts in millions)202420232022
Cash paid for amounts included in measurement of lease obligations:
Operating cash flows from operating leases$2,273 2,280 2,234 
Operating cash flows from finance leases315 248 225 
Financing cash flows from finance leases1,055 563 538 
Assets obtained in exchange for operating lease obligations1,514 1,714 1,816 
Assets obtained in exchange for finance lease obligations1,572 1,226 1,044 
As of January 31,
20242023
Weighted-average remaining lease term - operating leases11.7 years12.0 years
Weighted-average remaining lease term - finance leases12.4 years13.3 years
Weighted-average discount rate - operating leases6.4%6.0%
Weighted-average discount rate - finance leases6.8%6.5%
The aggregate annual lease obligations at January 31, 2024, are as follows:
(Amounts in millions)
Fiscal YearOperating LeasesFinance Leases
2025$2,181 $1,071 
20262,107 1,000 
20271,970 926 
20281,815 823 
20291,645 636 
Thereafter11,295 5,850 
Total undiscounted lease obligations21,013 10,306 
Less imputed interest(6,583)(3,872)
Net lease obligations$14,430 $6,434 
v3.24.0.1
Fair Value Measurements
 12 Months Ended
Jan. 31, 2024
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
Assets and liabilities recorded at fair value are measured using the fair value hierarchy, which prioritizes the inputs used in measuring fair value. The levels of the fair value hierarchy are:
•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.
As described in Note 1, the Company measures the fair value of certain equity investments, including certain immaterial equity method investments where the Company has elected the fair value option, on a recurring basis within other long-term assets in the accompanying Consolidated Balance Sheets. The amounts of gains and losses included in earnings from fair value changes for these investments are recognized within other gains and losses in the Consolidated Statements of Income. The fair value of these investments is as follows:
(Amounts in millions)
Fair Value as of January 31, 2024
Fair Value as of January 31, 2023
Equity investments measured using Level 1 inputs$2,835 $5,099 
Equity investments measured using Level 2 inputs4,414 5,570 
Total$7,249 $10,669 
Changes in the fair value of these investments were primarily due to gains and losses resulting from net changes in the underlying stock prices, along with certain other immaterial investment activity. The fair value of these investments decreased $3.4 billion and $1.2 billion during fiscal 2024 and 2023, respectively. Equity investments without readily determinable fair
values are carried at cost and adjusted for any observable price changes or impairments within other gains and losses in the Consolidated Statements of Income.
Derivatives
The Company also has derivatives recorded at fair value. Derivative fair values are the estimated amounts the Company would receive or pay upon termination of the related derivative agreements as of the reporting dates. The fair values have been measured using the income approach and Level 2 inputs, which include the relevant interest rate and foreign currency forward curves. As of January 31, 2024 and January 31, 2023, the notional amounts and fair values of these derivatives were as follows:
 January 31, 2024January 31, 2023
(Amounts in millions)Notional AmountFair ValueNotional AmountFair Value
Receive fixed-rate, pay variable-rate interest rate swaps designated as fair value hedges$6,271 $(654)(1)$8,021 $(689)(1)
Receive fixed-rate, pay fixed-rate cross-currency swaps designated as cash flow hedges5,879 (1,302)(1)5,900 (1,423)(1)
Total$12,150 $(1,956)$13,921 $(2,112)
(1)Primarily classified in deferred income taxes and other in the Company's Consolidated Balance Sheets.
Nonrecurring Fair Value Measurements
In addition to assets and liabilities that are recorded at fair value on a recurring basis, the Company's assets and liabilities are also subject to nonrecurring fair value measurements. Generally, assets are recorded at fair value on a nonrecurring basis as a result of impairment charges.
Upon completing the sales of the Company's operations in the U.K. in February 2021 and Japan in March 2021, the Company recorded incremental non-recurring impairment charges of $0.4 billion in the first quarter of fiscal 2022 within other gains and losses in the Consolidated Statements of Income. Refer to Note 12. The Company did not have any material assets or liabilities resulting in nonrecurring fair value measurements as of January 31, 2024 and January 31, 2023.
Other Fair Value Disclosures
The Company records cash and cash equivalents, restricted cash and short-term borrowings at cost. The carrying values of these instruments approximate their fair value due to their short-term maturities.
The Company's long-term debt is also recorded at cost. The fair value is estimated using Level 2 inputs based on the Company's current incremental borrowing rate for similar types of borrowing arrangements. The carrying value and fair value of the Company's long-term debt as of January 31, 2024 and 2023, are as follows:
 January 31, 2024January 31, 2023
(Amounts in millions)Carrying ValueFair ValueCarrying ValueFair Value
Long-term debt, including amounts due within one year$39,579 $38,431 $38,840 $38,169 
v3.24.0.1
Taxes
 12 Months Ended
Jan. 31, 2024
Income Tax Disclosure [Abstract]  
Taxes Taxes
The components of income before income taxes are as follows:
 Fiscal Years Ended January 31,
(Amounts in millions)202420232022
U.S.$20,092 $15,089 $15,536 
Non-U.S.1,756 1,927 3,160 
Total income before income taxes$21,848 $17,016 $18,696 
A summary of the provision for income taxes is as follows:
 Fiscal Years Ended January 31,
(Amounts in millions)202420232022
Current:
U.S. federal$3,215 $2,030 $3,313 
U.S. state and local762 610 649 
International1,772 2,654 1,553 
Total current tax provision5,749 5,294 5,515 
Deferred:
U.S. federal(438)608 (671)
U.S. state and local141 119 41 
International126 (297)(129)
Total deferred tax expense (benefit)(171)430 (759)
Total provision for income taxes$5,578 $5,724 $4,756 
Effective Income Tax Rate Reconciliation
A reconciliation of the significant differences between the U.S. statutory tax rate and the effective income tax rate on pre-tax income from continuing operations is as follows:
 Fiscal Years Ended January 31,
 202420232022
U.S. statutory tax rate21.0 %21.0 %21.0 %
U.S. state income taxes, net of federal income tax benefit3.0 %3.1 %2.8 %
Income taxed outside the U.S.0.1 %1.1 %(1.5)%
Separation, disposal and wind-down of certain business operations— %6.3 %0.5 %
Valuation allowance1.2 %1.7 %4.4 %
Net impact of repatriated international earnings(0.4)%(0.4)%(0.3)%
Federal tax credits(1.5)%(1.3)%(1.1)%
Change in unrecognized tax benefits0.6 %0.3 %0.2 %
Other, net1.5 %1.8 %(0.6)%
Effective income tax rate25.5 %33.6 %25.4 %
The following sections regarding deferred taxes, unremitted earnings, net operating losses, tax credit carryforwards, valuation allowances and uncertain tax positions exclude amounts related to operations classified as held for sale.
Deferred Taxes
The significant components of the Company's deferred tax account balances are as follows:
 January 31,
(Amounts in millions)20242023
Deferred tax assets:
Loss and tax credit carryforwards$7,136 $7,690 
Accrued liabilities3,066 3,312 
Share-based compensation238 237 
Lease obligations4,831 4,653 
Other1,124 839 
Total deferred tax assets16,395 16,731 
Valuation allowances(7,485)(7,815)
Deferred tax assets, net of valuation allowances8,910 8,916 
Deferred tax liabilities:
Property and equipment4,813 4,352 
Acquired intangibles898 932 
Inventory3,035 3,032 
Lease right of use assets4,941 4,727 
Mark-to-market investments322 1,390 
Other486 249 
Total deferred tax liabilities14,495 14,682 
Net deferred tax liabilities$5,585 $5,766 
The deferred taxes noted above are classified as follows in the Company's Consolidated Balance Sheets:
  January 31,
(Amounts in millions)20242023
Balance Sheet classification
Assets:
Other long-term assets$1,663 $1,503 
Liabilities:
Deferred income taxes and other7,248 7,269 
Net deferred tax liabilities$5,585 $5,766 
Unremitted Earnings
Prior to the Tax Cuts and Jobs Act of 2017 (the "Tax Act"), the Company asserted that all unremitted earnings of its foreign subsidiaries were considered indefinitely reinvested. As a result of the Tax Act, the Company reported and paid U.S. tax on the majority of its previously unremitted foreign earnings, and repatriations of foreign earnings will generally be free of U.S. federal tax, but may incur other taxes such as withholding or state taxes.  As of January 31, 2024, the Company has not recorded approximately $1 billion of deferred tax liabilities associated with remaining unremitted foreign earnings considered indefinitely reinvested, for which U.S. and foreign income and withholding taxes would be due upon repatriation.
Net Operating Losses, Tax Credit Carryforwards and Valuation Allowances
As of January 31, 2024, the Company's net operating loss and capital loss carryforwards totaled approximately $30.3 billion. Of these carryforwards, approximately $16.5 billion will expire, if not utilized, in various years through 2044. The remaining carryforwards have no expiration.
The realizability of these future tax deductions and credits is evaluated by assessing the adequacy of future expected taxable income from all sources, including taxable income in prior carryback years, reversal of taxable temporary differences, forecasted operating earnings and available tax planning strategies. To the extent the Company does not consider it more likely than not that a deferred tax asset will be recovered, a valuation allowance is generally established. To the extent that a valuation allowance was established and it is subsequently determined that it is more likely than not that the deferred tax assets will be recovered, the change in the valuation allowance is recognized in the Consolidated Statements of Income.
The Company had valuation allowances of approximately $7.5 billion and $7.8 billion as of January 31, 2024 and 2023, respectively, on deferred tax assets associated primarily with the net operating loss carryforwards. Activity in the valuation allowance during fiscal 2024 related to valuation allowance builds in multiple markets, as well as releases due to the expiration of unrealized deferred tax assets.
Uncertain Tax Positions
The benefits of uncertain tax positions are recorded in the Company's Consolidated Financial Statements only after determining a more-likely-than-not probability that the uncertain tax positions will withstand challenge, if any, from taxing authorities.
As of January 31, 2024 and 2023, the amount of gross unrecognized tax benefits related to continuing operations was $3.5 billion and $3.3 billion, respectively. The amount of unrecognized tax benefits that would affect the Company's effective income tax rate was $1.7 billion and $1.5 billion as of January 31, 2024 and 2023, respectively.
A reconciliation of gross unrecognized tax benefits from continuing operations is as follows:
 Fiscal Years Ended January 31,
(Amounts in millions)202420232022
Gross unrecognized tax benefits, beginning of year$3,307 $3,245 $3,135 
Increases related to prior year tax positions336 79 170 
Decreases related to prior year tax positions(74)(248)(97)
Increases related to current year tax positions102 357 75 
Settlements during the period(102)(89)(5)
Lapse in statutes of limitations(29)(37)(33)
Gross unrecognized tax benefits, end of year$3,540 $3,307 $3,245 
The Company classifies interest and penalties related to uncertain tax benefits as interest expense and as operating, selling, general and administrative expenses, respectively. Interest expense and penalties related to these positions were immaterial for fiscal 2024, 2023 and 2022. During the next twelve months, it is reasonably possible that tax audit resolutions could reduce unrecognized tax benefits by an immaterial amount, either because the tax positions are sustained on audit or because the Company agrees to their disallowance. The Company does not expect any change to have a material impact to its Consolidated Financial Statements.
The Company remains subject to income tax examinations for its U.S. federal income taxes generally for fiscal 2018 through 2023. The Company also remains subject to income tax examinations for international income taxes for fiscal 2013 through 2023, and for U.S. state and local income taxes generally for the fiscal years ended 2017 through 2023. With few exceptions, the Company is no longer subject to U.S. federal, state, local or foreign examinations by tax authorities for years before fiscal 2013.
Other Taxes
The Company is subject to tax examinations for value added, sales-based, payroll and other non-income taxes. A number of these examinations are ongoing in various jurisdictions. In certain cases, the Company has received assessments and judgments from the respective taxing authorities in connection with these examinations. Unless otherwise indicated, the possible losses or range of possible losses associated with these matters are individually immaterial, but a group of related matters, if decided adversely to the Company, could result in a liability material to the Company's Consolidated Financial Statements.
v3.24.0.1
Contingencies
 12 Months Ended
Jan. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Contingencies Contingencies
Legal Proceedings
The Company is involved in a number of legal proceedings and certain regulatory matters. The Company records a liability for those legal proceedings and regulatory matters when it determines it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. The Company also discloses when it is reasonably possible that a material loss may be incurred. From time to time, the Company may enter into discussions regarding settlement of these matters, and may enter into settlement agreements, if it believes settlement is in the best interest of the Company and its shareholders.
Unless stated otherwise, the matters discussed below, if decided adversely to or settled by the Company, individually or in the aggregate, may result in a liability material to the Company's financial position, results of operations or cash flows.
Settlement Framework Regarding Multidistrict and State or Local Opioid-Related Litigation
During fiscal 2023, the Company accrued a liability for approximately $3.3 billion for the Settlement Framework (described below) and other previously agreed upon state and tribal settlements. The Settlement Framework includes no admission of wrongdoing or liability by the Company, and the Company continues to believe it has substantial factual and legal defenses to opioids-related litigation. As of January 31, 2024, substantially all of the original approximately $3.3 billion accrued liability for the Settlement Framework and other settlements have been paid.
In December 2017, the United States Judicial Panel on Multidistrict Litigation consolidated numerous lawsuits filed against a wide array of defendants by various plaintiffs, including counties, cities, healthcare providers, Native American tribes, individuals and third-party payers, asserting claims generally concerning the impacts of widespread opioid abuse. The consolidated multidistrict litigation is entitled In re National Prescription Opiate Litigation (MDL No. 2804) (the "MDL") and is pending in the U.S. District Court for the Northern District of Ohio. The Company is named as a defendant in some of the cases included in the MDL.
On November 15, 2022, the Company announced it had agreed to financial amounts and payment terms to resolve substantially all opioids-related lawsuits filed against the Company by states, political subdivisions, and Native American tribes whether as part of the MDL (excluding, however, a single, two-county trial described further below) or in state court, as well as all potential claims that could be made against the Company by states, political subdivisions, and Native American tribes for up to approximately $3.1 billion (the "Settlement Amount"). The Settlement Amount includes amounts for remediation of alleged harms as well as attorneys' fees and costs and also includes some, but not all, amounts from previously agreed recent settlements by the Company. One settlement framework with corresponding conditions and participation thresholds applies for the states and political subdivisions, and another settlement framework with corresponding conditions and participation thresholds applies for the Native American tribes. Both settlement frameworks are referred to collectively as the "Settlement Framework."
The Settlement Framework, among other applicable conditions, provides that payments to states and political subdivisions are contingent upon the number of states and political subdivisions, including those states and political subdivisions who have not yet sued the Company, that agree to participate in the Settlement Framework or otherwise have their claims foreclosed within a prescribed deadline. On December 20, 2022, the Company announced that it had settlement agreements with all 50 states, including four states that previously settled with the Company, as well as the District of Columbia, Puerto Rico and three other U.S. territories (the "Settling States"), thus satisfying the initial threshold of required participation by Settling States. On August 22, 2023, the settlement administrator determined that a sufficient number of political subdivisions had agreed to participate in the Settlement Framework, which was a necessary condition for the Settlement Framework to become effective. The Settlement Framework became effective 15 days later, on September 6, 2023. The Company deposited the full portion of the Settlement Amount attributable to the Settling States on October 11, 2023. Although the settlement administrator has determined that sufficient number of political subdivisions have agreed to participate in the Settlement Framework, and thus the
Settlement Framework was effective, eligible political subdivisions still have until July 15, 2025, to join the Settlement Framework.
Other Opioid-Related Litigation
The Company will continue to vigorously defend against any opioid-related litigation not covered or otherwise resolved by the Settlement Framework, including, but not limited to, each of the matters described below; any other actions filed by healthcare providers, individuals, and third-party payers; and any action filed by a political subdivision or Native American tribe that is not resolved by the Settlement Framework. Accordingly, the Company has not accrued a liability for these opioid-related litigation matters nor can the Company reasonably estimate any loss or range of loss that may arise from these matters. The Company can provide no assurance as to the scope and outcome of any of these matters and no assurance that its business, financial position, results of operations or cash flows will not be materially adversely affected.
Two-County Trial and MDL Bellwethers; Canada; and Other Litigation. The liability phase of a single, two-county trial in one of the MDL cases resulted in a jury verdict on November 23, 2021, finding in favor of the plaintiffs as to the liability of all defendants, including the Company. The abatement phase of the single, two-county trial resulted in a judgment on August 17, 2022, that ordered all three defendants, including the Company, to pay an aggregate amount of approximately $0.7 billion over fifteen years, on a joint and several liability basis, and granted the plaintiffs injunctive relief. On September 7, 2022, the Company filed an appeal with the Sixth Circuit Court of Appeals. The monetary aspect of the judgment is stayed pending appeal, and the injunctive aspect of the judgment went into effect on February 20, 2023. On September 11, 2023, the Sixth Circuit Court of Appeals issued an order of certifying certain questions in the appeal for review by the Supreme Court of Ohio. On November 29, 2023, the Supreme Court of Ohio accepted the request for certification, and the matter remains pending with the court.
The MDL designated five additional single-county cases as bellwethers to proceed through discovery; however, these five counties have elected to participate in the Settlement Framework and receive a portion of the Settlement Amount rather than go to trial. On October 25, 2023, the MDL designated four cases brought by third-party payers as bellwether cases to proceed through discovery. Additional bellwethers of cases brought by hospitals and other healthcare providers may be designated in the future.
Wal-Mart Canada Corp. and certain other subsidiaries of the Company have been named as defendants in two putative class action complaints filed in Canada related to dispensing and distribution practices involving opioids. These matters remain pending.
Similar cases that name the Company also have been filed in state and federal courts by state, local, and tribal governments, healthcare providers, and other plaintiffs. Plaintiffs in these cases and in the MDL are seeking compensatory and punitive damages, as well as injunctive relief including abatement. The Company has also been responding to subpoenas, information requests, and investigations from governmental entities related to nationwide controlled substance dispensing and distribution practices involving opioids.
DOJ Opioid Civil Litigation. On December 22, 2020, the U.S. Department of Justice (the "DOJ") filed a civil complaint in the U.S. District Court for the District of Delaware alleging that the Company unlawfully dispensed controlled substances from its pharmacies and unlawfully distributed controlled substances to those pharmacies. The complaint alleges that this conduct resulted in violations of the Controlled Substances Act. The DOJ is seeking civil penalties and injunctive relief. The Company initially moved to dismiss the DOJ complaint on February 22, 2021. After that motion was fully briefed, the DOJ filed an amended complaint on October 7, 2022. On November 7, 2022, the Company filed a partial motion to dismiss the amended complaint. The Court held a hearing on the partial motion to dismiss on January 18, 2024, and ordered the DOJ to file an amended complaint. The DOJ filed that amended complaint on February 1, 2024, and Walmart filed a partial motion to dismiss that complaint on February 6, 2024. On March 11, 2024, the Court granted in-part Walmart's motion by dismissing the entirety of the DOJ's claims related to distribution and dismissing the DOJ's claims arising under one of the DOJ's two dispensing liability theories. The DOJ's claims arising under its other dispensing liability theory remain pending.
Opioid-Related Securities Class Actions and Derivative Litigation. In addition, the Company is the subject of two securities class actions alleging violations of the federal securities laws regarding the Company's disclosures with respect to opioids, filed in the U.S. District Court for the District of Delaware on January 20, 2021 and March 5, 2021, purportedly on behalf of a class of investors who acquired Walmart stock from March 30, 2016 through December 22, 2020. Those cases have been consolidated. On October 8, 2021, the defendants filed a motion to dismiss the consolidated securities action. After the parties had fully briefed the motion to dismiss, on September 9, 2022, the Court entered an order permitting the plaintiffs to file an amended complaint, which was filed on October 14, 2022, and which revised the applicable putative class of investors to those who acquired Walmart stock from March 31, 2017, through December 22, 2020. On November 16, 2022, the defendants filed a motion to dismiss the amended complaint. That motion remains pending.
Derivative actions were also filed by two of the Company's shareholders in the U.S. District Court for the District of Delaware on February 9, 2021 and April 16, 2021, alleging breach of fiduciary duties against certain of its current and former directors with respect to oversight of the Company's distribution and dispensing of opioids and also alleging violations of the federal
securities laws and other breaches of duty by certain current and former directors and officers in connection with the Company's opioids disclosures. Those cases have been stayed pending developments in other opioids litigation matters. On September 27, 2021, three shareholders filed a derivative action in the Delaware Court of Chancery alleging that certain members of the Board of Directors and certain former officers breached their fiduciary duties in failing to adequately oversee the Company's prescription opioids business. The defendants moved to dismiss and/or to stay proceedings on December 21, 2021, and the plaintiffs responded by filing an amended complaint on February 22, 2022. On April 20, 2022, the defendants moved to dismiss and/or to stay proceedings with respect to the amended complaint. In two orders issued on April 12 and 26, 2023, the Court of Chancery granted the defendants' motion to dismiss with respect to claims involving the Company's distribution practices and denied the remainder of the motion, including the Company's request to stay the litigation. On May 5, 2023, the Company's Board of Directors (the "Board") appointed an independent Special Litigation Committee (the "SLC") to investigate the allegations regarding certain current and former officers and directors named in the various derivative proceedings regarding oversight with respect to opioids. The Board has authorized the SLC to retain independent legal counsel and such other advisors as the SLC deems appropriate in carrying out its duties. The derivative matter pending in the Delaware Court of Chancery is stayed until the SLC completes its investigation.
Other Legal Proceedings
Asda Equal Value Claims. Asda, formerly a subsidiary of the Company, was and still is a defendant in certain equal value claims that began in 2008 and are proceeding before an Employment Tribunal in Manchester in the United Kingdom on behalf of current and former Asda store employees, as well as additional claims in the High Court of the United Kingdom (the "Asda Equal Value Claims"). Further claims may be asserted in the future. Subsequent to the divestiture of Asda in February 2021, the Company continues to oversee the conduct of the defense of these claims. While potential liability for these claims remains with Asda, the Company has agreed to provide indemnification with respect to certain of these claims up to a contractually determined amount. The Company cannot predict the number of such claims that may be filed, and cannot reasonably estimate any loss or range of loss that may arise related to these proceedings. Accordingly, the Company can provide no assurance as to the scope and outcome of these matters.
Money Transfer Agent Services Matters. The Company has responded to grand jury subpoenas issued by the United States Attorney's Office for the Middle District of Pennsylvania on behalf of the DOJ seeking documents regarding the Company's consumer fraud prevention program and anti-money laundering compliance related to the Company's money transfer services, where Walmart is an agent. The most recent subpoena was issued in August 2020. Walmart's responses to DOJ's subpoenas have been complete since 2021. The Company continues to cooperate with and provide information and documents voluntarily in response to supplemental requests from the DOJ. The Company has also responded to civil investigative demands from the United States Federal Trade Commission (the "FTC") in connection with the FTC's investigation related to money transfers and the Company's anti-fraud program in its capacity as an agent. On June 28, 2022, the FTC filed a complaint against the Company in the U.S. District Court for the Northern District of Illinois alleging that Walmart violated the Federal Trade Commission Act and the Telemarketing Sales Rule regarding its money transfer agent services and is requesting non-monetary relief and civil penalties. On August 29, 2022, the Company filed a motion to dismiss the complaint. On March 27, 2023, the Court issued an opinion dismissing the FTC's claim under the Telemarketing Sales Rule and denying Walmart's motion to dismiss the claim under Section 5 of the Federal Trade Commission Act. On April 12, 2023, Walmart filed a motion to certify the Court's March 27, 2023, order for interlocutory appeal. On June 30, 2023, the FTC filed an amended complaint against Walmart again asserting claims under the Federal Trade Commission Act and Telemarketing Sales Rule. On July 20, 2023, the Court denied Walmart's motion to certify the Court's March 27, 2023, order for interlocutory appeal, finding that it would be more orderly to consider a request for interlocutory appeal after a ruling on Walmart's motion to dismiss the amended complaint. Walmart's motion to dismiss the amended complaint was filed on August 11, 2023. The motion remains pending. No other deadlines have yet been set, and discovery is stayed.
The Company intends to vigorously defend these matters. However, the Company can provide no assurance as to the scope and outcome of these matters and cannot reasonably estimate any loss or range of loss that may arise. Accordingly, the Company can provide no assurance that its business, financial position, results of operations or cash flows will not be materially adversely affected.
Mexico Antitrust Matter. On October 6, 2023, the Comisión Federal de Competencia Económica of México ("COFECE") notified the main Mexican operating subsidiary of Wal-Mart de México, S.A.B. de C.V. ("Walmex"), a majority owned subsidiary of the Company, that COFECE's Investigatory Authority ("IA") had requested COFECE to initiate a quasi-judicial administrative process against Walmex's subsidiary for alleged relative monopolistic practices in connection with the supply and wholesale distribution of certain consumer goods, retail marketing practices of such consumer goods and related services. The quasi-judicial administrative process is the first opportunity for Walmex's subsidiary to respond to and defend against the IA's allegations before COFECE. While COFECE has the authority to impose monetary relief and/or non-structural conduct measures, such relief and conduct measures would be subject to appeal by Walmex's subsidiary. On December 14, 2023, Walmex's subsidiary submitted its defense arguments and will continue to defend against the allegations vigorously, both at the quasi-judicial administrative process and, if required, before any courts. Because this process is at an early stage, the Company can provide no assurance as to the scope and outcome of these matters, cannot reasonably estimate any loss or range of loss that
may arise and can provide no assurance that its business, financial position, results of operations or cash flows will not be materially adversely affected.
v3.24.0.1
Retirement-Related Benefits
 12 Months Ended
Jan. 31, 2024
Retirement Benefits [Abstract]  
Retirement-Related Benefits Retirement-Related Benefits
The Company offers a 401(k) plan for associates in the U.S. under which eligible associates can begin contributing to the plan immediately upon hire. The Company also offers a 401(k) type plan for associates in Puerto Rico under which associates can begin to contribute generally after one year of employment. Under these plans, after one year of employment, the Company matches 100% of participant contributions up to 6% of annual eligible earnings. The matching contributions immediately vest at 100% for each associate. Participants can contribute up to 50% of their pre-tax earnings, but not more than the statutory limits.
Associates in international countries who are not U.S. citizens are covered by various defined contribution post-employment benefit arrangements. These plans are administered based upon the legislative and tax requirements in the countries in which they are established.
The following table summarizes the contribution expense related to the Company's defined contribution plans for fiscal 2024, 2023 and 2022:
Fiscal Years Ended January 31,
(Amounts in millions)202420232022
Defined contribution plans:
U.S.$1,528 $1,491 $1,441 
International85 74 39 
Total contribution expense for defined contribution plans$1,613 $1,565 $1,480 
v3.24.0.1
Disposals, Acquisitions and Related Items
 12 Months Ended
Jan. 31, 2024
Acquisitions, Disposals, and Related Items [Abstract]  
Disposals, Acquisitions and Related Items Disposals, Acquisitions and Related Items
The following dispositions impact the Company's Walmart International segment. Other immaterial transactions have also occurred.
Asda
In February 2021, the Company completed the divestiture of Asda, the Company's retail operations in the U.K., for net consideration of $9.6 billion. Upon closing of the transaction, the Company recorded an incremental pre-tax loss of $0.2 billion in other gains and losses in its Consolidated Statements of Income in the first quarter of fiscal 2022, primarily related to changes in the net assets of the disposal group, currency exchange rate fluctuations and customary purchase price adjustments upon closing. During the first quarter of fiscal 2022, the Company deconsolidated the financial statements of Asda and recognized its retained investment in Asda as a debt security within other long-term assets and also recognized certain legal and tax indemnity liabilities within deferred income taxes and other in the Consolidated Balance Sheet.
Seiyu
In March 2021, the Company completed the divestiture of Seiyu, the Company's retail operations in Japan, for net consideration of $1.2 billion. Upon closing of the transaction, the Company recorded an incremental pre-tax loss of $0.2 billion in other gains and losses in its Consolidated Statements of Income in the first quarter of fiscal 2022, primarily related to changes in the net assets of the disposal group, currency exchange rate fluctuations and customary purchase price adjustments upon closing. During the first quarter of fiscal 2022, the Company deconsolidated the financial statements of Seiyu and recognized its retained 15 percent ownership interest in Seiyu as an equity investment within other long-term assets in the Consolidated Balance Sheet.
v3.24.0.1
Segments and Disaggregated Revenue
 12 Months Ended
Jan. 31, 2024
Segment Reporting Information, Profit (Loss) [Abstract]  
Segments and Disaggregated Revenue Segments and Disaggregated Revenue
Segments
The Company is engaged in the operation of retail and wholesale stores and clubs, as well as eCommerce websites and mobile applications, located throughout the U.S., Africa, Canada, Central America, Chile, China, India and Mexico. The Company previously operated in the United Kingdom and Japan prior to the sale of those operations in the first quarter of fiscal 2022. Refer to Note 12 for discussion of recent divestitures. The Company's operations are conducted in three reportable segments: Walmart U.S., Walmart International and Sam's Club. The Company defines its segments as those operations whose results the chief operating decision maker ("CODM") regularly reviews to analyze performance and allocate resources. The Company sells similar individual products and services in each of its segments. It is impracticable to segregate and identify revenues for each of these individual products and services.
The Walmart U.S. segment includes the Company's mass merchant concept in the U.S., as well as eCommerce, which includes omni-channel initiatives and certain other business offerings such as advertising services through Walmart Connect. The
Walmart International segment consists of the Company's operations outside of the U.S., as well as eCommerce and omni-channel initiatives. The Sam's Club segment includes the warehouse membership clubs in the U.S., as well as eCommerce and omni-channel initiatives. Corporate and support consists of corporate overhead and other items not allocated to any of the Company's segments.
The Company measures the results of its segments using, among other measures, each segment's net sales and operating income, which includes certain corporate overhead allocations. From time to time, the Company revises the measurement of each segment's operating income, including any corporate overhead allocations, as determined by the information regularly reviewed by its CODM. Information for the Company's segments, as well as for Corporate and support, including the reconciliation to income before income taxes, is provided in the following table:
(Amounts in millions)
Walmart U.S.Walmart InternationalSam's ClubCorporate and supportConsolidated
Fiscal Year Ended January 31, 2024
Net sales$441,817 $114,641 $86,179 $— $642,637 
Operating income (loss)22,154 4,909 2,192 (2,243)27,012 
Interest, net(2,137)
Other gains and (losses)(3,027)
Income before income taxes$21,848 
Total assets$137,782 $86,136 $15,682 $12,799 $252,399 
Depreciation and amortization7,671 2,159 642 1,381 11,853 
Capital expenditures$13,877 $2,911 $1,041 $2,777 $20,606 
Fiscal Year Ended January 31, 2023
Net sales$420,553 $100,983 $84,345 $— $605,881 
Operating income (loss)20,620 2,965 1,964 (5,121)20,428 
Interest, net(1,874)
Other gains and (losses)(1,538)
Income before income taxes$17,016 
Total assets$130,659 $86,766 $15,490 $10,282 $243,197 
Depreciation and amortization$7,054 $1,964 $609 $1,318 10,945 
Capital expenditures$11,425 $2,625 $727 $2,080 16,857 
Fiscal Year Ended January 31, 2022
Net sales$393,247 $100,959 $73,556 $— $567,762 
Operating income (loss)21,587 3,758 2,259 (1,662)25,942 
Interest, net(1,836)
Loss on extinguishment of debt(2,410)
Other gains and (losses)(3,000)
Income before income taxes$18,696 
Total assets$125,044 $91,403 $14,678 $13,735 $244,860 
Depreciation and amortization$6,773 $1,963 $601 $1,321 10,658 
Capital expenditures$8,475 $2,497 $622 $1,512 13,106 
Total revenues, consisting of net sales and membership and other income, and long-lived assets, consisting primarily of net property and equipment and lease right-of-use assets, aggregated by the Company's U.S. and non-U.S. operations for fiscal 2024, 2023 and 2022, are as follows:
Fiscal Years Ended January 31,
(Amounts in millions)202420232022
Revenues
U.S. operations$532,076 $508,685 $470,295 
Non-U.S. operations116,049 102,604 102,459 
Total revenues$648,125 $611,289 $572,754 
Long-lived assets
U.S. operations$104,480 $95,567 $89,795 
Non-U.S. operations25,858 23,667 22,829 
Total long-lived assets$130,338 $119,234 $112,624 
No individual country outside of the U.S. had total revenues or long-lived assets that were material to the consolidated totals. Long-lived assets related to operations classified as held for sale are excluded from the table above. Additionally, the Company did not generate material revenues from any single customer.
Disaggregated Revenues
In the following tables, segment net sales are disaggregated by either merchandise category or market. In addition, net sales related to eCommerce, which include omni-channel sales where a customer initiates an order digitally and the order is fulfilled through a store or club, are provided for each segment.
(Amounts in millions)Fiscal Years Ended January 31,
Walmart U.S. net sales by merchandise category202420232022
Grocery$264,210 $247,299 $218,944 
General merchandise113,985 118,597 125,876 
Health and wellness54,898 46,591 42,839 
Other categories8,724 8,066 5,588 
Total$441,817 $420,553 $393,247 
Of Walmart U.S.'s total net sales, approximately $65.4 billion, $53.4 billion and $47.8 billion related to eCommerce for fiscal 2024, 2023 and 2022, respectively.
(Amounts in millions)Fiscal Years Ended January 31,
Walmart International net sales by market202420232022
Mexico and Central America$49,726 $40,496 $35,964 
Canada22,639 22,300 21,773 
China17,011 14,711 13,852 
United Kingdom— — 3,811 
Other25,265 23,476 25,559 
Total$114,641 $100,983 $100,959 
Of Walmart International's total net sales, approximately $24.8 billion, $20.3 billion and $18.5 billion related to eCommerce for fiscal 2024, 2023 and 2022, respectively.
(Amounts in millions)Fiscal Years Ended January 31,
Sam's Club net sales by merchandise category202420232022
Grocery and consumables$56,449 $53,027 $46,822 
Fuel, tobacco and other categories12,854 14,636 10,751 
Home and apparel9,263 9,579 9,037 
Health and wellness5,005 4,248 3,956 
Technology, office and entertainment2,608 2,855 2,990 
Total$86,179 $84,345 $73,556 
Of Sam's Club's total net sales, approximately $9.9 billion, $8.4 billion and $6.9 billion related to eCommerce for fiscal 2024, 2023 and 2022, respectively.
v3.24.0.1
Subsequent Event
 12 Months Ended
Jan. 31, 2024
Subsequent Events [Abstract]  
Subsequent Event Subsequent Event
Dividends Declared
The Company approved, effective February 20, 2024, the fiscal 2025 annual dividend of $0.83 per share, an increase over the fiscal 2024 dividend of $0.76 per share. For fiscal 2025, the annual dividend will be paid in four quarterly installments of $0.2075 per share, according to the following record and payable dates:
Record Date  Payable Date
March 15, 2024  April 1, 2024
May 10, 2024  May 28, 2024
August 16, 2024  September 3, 2024
December 13, 2024  January 6, 2025
v3.24.0.1
Pay vs Performance Disclosure - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Pay vs Performance Disclosure      
Consolidated net income attributable to Walmart $ 15,511 $ 11,680 $ 13,673
v3.24.0.1
Insider Trading Arrangements
 3 Months Ended
Jan. 31, 2024
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.24.0.1
Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Jan. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Principles of Consolidation
Principles of Consolidation
The Consolidated Financial Statements include the accounts of Walmart and its subsidiaries as of and for the fiscal years ended January 31, 2024 ("fiscal 2024"), January 31, 2023 ("fiscal 2023") and January 31, 2022 ("fiscal 2022"). Intercompany accounts and transactions have been eliminated in consolidation. The Company consolidates variable interest entities where it has been determined that the Company is the primary beneficiary of those entities' operations. Investments in common stock or in-substance common stock for which the Company exercises significant influence but does not have control are accounted for under the equity method. These variable interest entities and equity method investments are immaterial to the Company's Consolidated Financial Statements.
The Company's Consolidated Financial Statements are based on a fiscal year ending on January 31 for the United States ("U.S.") and Canadian operations. The Company consolidates all other operations generally using a one-month lag and based on a calendar year. There were no significant intervening events during the month of January 2024 related to the operations consolidated using a lag that materially affected the Consolidated Financial Statements.
Use of Estimates
Use of Estimates
The Consolidated Financial Statements have been prepared in conformity with U.S. generally accepted accounting principles ("GAAP"). Those principles require management to make estimates and assumptions that affect the reported amounts of assets and liabilities. Management's estimates and assumptions also affect the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.
Common Stock Split
Common Stock Split
On February 23, 2024, the Company effected a 3-for-1 forward split of its common stock and a proportionate increase in the number of authorized shares. All share and per share information, including share based compensation, throughout this Annual Report on Form 10-K has been retroactively adjusted to reflect the stock split. The shares of common stock retain a par value of $0.10 per share. Accordingly, an amount equal to the par value of the increased shares resulting from the stock split was reclassified from capital in excess of par value to common stock.
Cash and Cash Equivalents
Cash and Cash Equivalents
The Company considers investments with a maturity when purchased of three months or less to be cash equivalents. All credit card, debit card and electronic transfer transactions that process in less than seven days are classified as cash and cash equivalents. The amounts due from banks for these transactions classified as cash and cash equivalents totaled $2.1 billion and $2.0 billion as of January 31, 2024 and 2023, respectively.
The Company's cash balances are held in various locations around the world. Of the Company's $9.9 billion and $8.6 billion in cash and cash equivalents as of January 31, 2024 and January 31, 2023, approximately 60% and 62% were held outside of the U.S., respectively. Cash and cash equivalents held outside of the U.S. are generally utilized to support liquidity needs in the Company's non-U.S. operations.
The Company uses intercompany financing arrangements in an effort to ensure cash can be made available in the country in which it is needed with the minimum cost possible.
As of January 31, 2024 and 2023, cash and cash equivalents of approximately $3.5 billion and $2.9 billion, respectively, may not be freely transferable to the U.S. due to local laws, other restrictions or are subject to the approval of the noncontrolling interest shareholders.
Receivables
Receivables
Receivables are stated at their carrying values, net of a reserve for doubtful accounts, and are primarily due from the following: customers, which includes pharmacy insurance companies as well as advertisers, and banks for customer credit, debit cards and electronic transfer transactions that take in excess of seven days to process; suppliers for marketing or incentive programs; governments for income taxes; and real estate transactions.
Inventories
Inventories
The Company utilizes various inventory methods to account for and value its inventories depending upon the nature of the store formats and businesses in each of its segments, resulting in inventories that are recorded at the lower of cost or market or net realizable value, as appropriate.
•Walmart U.S. Segment - Inventories are primarily accounted for under the retail inventory method of accounting ("RIM") to determine inventory cost, using the last-in, first-out ("LIFO") valuation method. RIM generally results in inventory being valued at the lower of cost or market as permanent markdowns are immediately recorded as a reduction of the retail value of inventory.
•Walmart International Segment – Depending on the store format in each market, inventories are generally accounted for using either the RIM or weighted-average cost method, using the first-in, first-out valuation method.
•Sam's Club Segment - The majority of this segment's inventory is accounted for and valued using the weighted-average cost LIFO method.
For those segments that utilize the LIFO method, the Company records an adjustment each quarter, if necessary, for the projected annual effect of inflation or deflation. These estimates are adjusted to actual results determined at year end for inflation or deflation and inventory levels.
Property and Equipment
Property and Equipment
Property and equipment are initially recorded at cost. Gains or losses on disposition are recognized as earned or incurred. Costs of major improvements are capitalized, while costs of normal repairs and maintenance are expensed as incurred. The following table summarizes the Company's property and equipment balances and includes the estimated useful lives that are generally used to depreciate the assets on a straight-line basis:
Estimated Useful LivesAs of January 31,
(Dollars in millions)(in Years)20242023
LandN/A$19,562 $19,317 
Buildings and improvements
3 - 40
111,767 104,554 
Fixtures and equipment
2 - 30
72,161 65,235 
Transportation equipment
3 - 15
2,979 2,462 
Construction in progressN/A13,390 10,802 
Property and equipment219,859 202,370 
Accumulated depreciation(109,049)(101,610)
Property and equipment, net$110,810 $100,760 
Leasehold improvements are depreciated or amortized over the shorter of the estimated useful life of the asset or the remaining expected lease term.
Leases
Leases
For any new or modified lease, the Company, at the inception of the contract, determines whether a contract is or contains a lease. The Company records right-of-use ("ROU") assets and lease obligations for its finance and operating leases, which are initially recognized based on the discounted future lease payments over the term of the lease. If the rate implicit in the Company's leases is not readily determinable, the Company's applicable incremental borrowing rate is used in calculating the present value of the sum of the lease payments.
Lease term is defined as the non-cancelable period of the lease plus any options to extend or terminate the lease when it is reasonably certain that the Company will exercise the option. The Company has elected not to recognize ROU asset and lease obligations for its short-term leases, which are defined as leases with an initial term of 12 months or less.
For a majority of all classes of underlying assets, the Company has elected to not separate lease from non-lease components. For leases in which the lease and non-lease components have been combined, the variable lease expense includes expenses such as common area maintenance, utilities and repairs and maintenance.
Impairment of Long-Lived Assets
Impairment of Long-Lived Assets
Management reviews long-lived assets for indicators of impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The evaluation is performed at the lowest level of identifiable cash flows, which is at the individual store or club level. Undiscounted cash flows expected to be generated by the related assets are estimated over the assets' useful lives based on updated projections. If the evaluation indicates that the carrying amount of the assets may not be recoverable, any potential impairment is measured based upon the fair value of the related asset or asset group as determined by an appropriate market appraisal or other valuation technique.
Goodwill and Other Acquired Intangible Assets
Goodwill and Other Acquired Intangible Assets
Goodwill represents the excess of the purchase price over the fair value of net assets acquired in business combinations and is allocated to the appropriate reporting unit when acquired. Other acquired intangible assets are stated at the fair value acquired as determined by a valuation technique commensurate with the intended use of the related asset. Goodwill and indefinite-lived intangible assets are not amortized; rather, they are evaluated for impairment annually and whenever events or changes in circumstances indicate that the value of the asset may be impaired. Definite-lived intangible assets are considered long-lived assets and are amortized on a straight-line basis over the periods that expected economic benefits will be provided.
Goodwill is typically assigned to the reporting unit which consolidates the acquisition. Components within the same reportable segment are aggregated and deemed a single reporting unit if the components have similar economic characteristics. As of January 31, 2024, the Company's reporting units consisted of Walmart U.S., Walmart International and Sam's Club. Goodwill and other indefinite-lived acquired intangible assets are evaluated for impairment using either a qualitative or quantitative approach for each of the Company's reporting units. Generally, a qualitative assessment is first performed to determine whether a quantitative goodwill impairment test is necessary. If management determines, after performing an assessment based on the qualitative factors, that the fair value of the reporting unit is more likely than not less than the carrying amount, or that a fair value of the reporting unit substantially in excess of the carrying amount cannot be assured, then a quantitative goodwill impairment test would be required. The quantitative test for goodwill impairment is performed by determining the fair value of the related reporting units. Fair value is measured based on the discounted cash flow method and relative market-based approaches. Management has performed its evaluation and determined the fair value of each reporting unit is significantly greater than the carrying amount and, accordingly, the Company has not recorded any impairment charges related to goodwill during fiscal 2024, fiscal 2023 or fiscal 2022.
The following table reflects goodwill activity, by reportable segment, for fiscal 2024 and 2023:
(Amounts in millions)Walmart U.S.Walmart
International		Sam's ClubTotal
Balances as of February 1, 2022$2,941 $25,752 $321 $29,014 
Changes in currency translation and other— (1,475)— (1,475)
Acquisitions433 202 — 635 
Balances as of January 31, 20233,374 24,479 321 28,174 
Changes in currency translation and other(10)(58)— (68)
Acquisitions— 7 — 7 
Balances as of January 31, 2024$3,364 $24,428 $321 $28,113 
Intangible assets are recorded in other long-term assets in the Company's Consolidated Balance Sheets.
Fair Value Measurement
Fair Value Measurement
The Company records and discloses certain financial and non-financial assets and liabilities at fair value. The fair value of an asset is the price at which the asset could be sold in an orderly transaction between unrelated, knowledgeable and willing parties able to engage in the transaction. The fair value of a liability is the amount that would be paid to transfer the liability to a new obligor in a transaction between such parties, not the amount that would be paid to settle the liability with the creditor.
Investments
Investments
Investments in equity securities are recorded in other long-term assets in the Consolidated Balance Sheets. Changes in the fair value of certain equity securities, as well as certain immaterial equity method investments where the Company has elected the fair value option, are measured on a recurring basis and recognized within other gains and losses in the Consolidated Statements of Income. These fair value changes, along with certain other immaterial investment activity, resulted in net losses of $3.8 billion, $1.7 billion and $2.4 billion for fiscal 2024, 2023 and 2022, respectively, primarily due to net changes in the underlying stock prices of those investments. Refer to Note 8 for details. Equity investments without readily determinable fair values are
carried at cost and adjusted for any observable price changes or impairments within other gains and losses in the Consolidated Statements of Income.
Investments in debt securities classified as trading are reported at fair value and adjustments in fair value are recorded within other gains and losses in the Consolidated Statements of Income.
Indemnification Liabilities
Indemnification Liabilities
The Company has provided certain indemnifications in connection with its divestitures and has recorded indemnification liabilities equal to the estimated fair value of the obligations upon inception.
Supplier Financing Program Obligations
Supplier Financing Program Obligations
In September 2022, the FASB issued ASU 2022-04, Liabilities - Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations, which enhances the transparency about the use of supplier finance programs for investors and other allocators of capital. The Company adopted this ASU as of February 1, 2023, other than the roll-forward disclosure requirement, which the Company will adopt in fiscal 2025.
The Company has supplier financing programs with financial institutions, in which the Company agrees to pay the financial institution the stated amount of confirmed invoices on the invoice due date for participating suppliers. Participation in these programs is optional and solely up to the supplier, who negotiates the terms of the arrangement directly with the financial institution and may allow early payment. Supplier participation in these programs has no bearing on the Company's amounts due. The payment terms that the Company has with participating suppliers under these programs generally range between 30 and 90 days. The Company does not have an economic interest in a supplier's participation in the program or a direct financial relationship with the financial institution funding the program. The Company is responsible for ensuring that participating financial institutions are paid according to the terms negotiated with the supplier, regardless of whether the supplier elects to receive early payment from the financial institution. The outstanding payment obligations to financial institutions under these programs were $5.3 billion and $5.2 billion, as of January 31, 2024 and January 31, 2023, respectively. These obligations are generally classified as accounts payable within the Consolidated Balance Sheets. The activity related to these programs is classified as an operating activity within the Consolidated Statements of Cash Flows.
Self Insurance Reserves
Self Insurance Reserves
The Company self-insures a number of risks, including, but not limited to, workers' compensation, general liability, auto liability, product liability and certain employee-related healthcare benefits. Standard actuarial procedures and data analysis are used to estimate the liabilities associated with these risks on an undiscounted basis. The recorded liabilities reflect the ultimate cost for claims incurred but not paid and any estimable administrative run-out expenses related to the processing of these outstanding claim payments. On a regular basis, the liabilities are evaluated for appropriateness with claims reserve valuations. To limit exposure to some risks, the Company maintains insurance coverage with varying limits and retentions, including stop-loss insurance coverage for workers' compensation, general liability and auto liability.
Derivatives
Derivatives
The Company uses derivatives for hedging purposes to manage its exposure to changes in interest and currency exchange rates, as well as to maintain an appropriate mix of fixed- and variable-rate debt. Use of derivatives in hedging programs subjects the Company to certain risks, such as market and credit risks. The Company may be exposed to credit-related losses in the event of nonperformance by its counterparties to derivatives. Credit risk is monitored through established approval procedures, including setting concentration limits by counterparty, reviewing credit ratings and requiring collateral from the counterparty. The Company enters into derivatives with counterparties rated generally "A-" or better by nationally recognized credit rating agencies. The Company is subject to master netting arrangements which provides set-off and close-out netting of exposures with counterparties, but the Company does not offset derivative assets and liabilities in its Consolidated Balance Sheets. The Company's collateral arrangements require the counterparty in a net liability position in excess of pre-determined thresholds, after considering the effects of netting arrangements, to pledge cash collateral. Cash collateral received from counterparties and cash collateral provided to counterparties under these arrangements was not significant as of January 31, 2024 and 2023.
In order to qualify for hedge accounting, at the inception of the hedging relationship, the Company formally documents its risk management objective and strategy for undertaking the hedging transaction, as well as its designation of the hedge. If a derivative is recorded using hedge accounting, depending on the nature of the hedge, derivative gains and losses are recorded through the same financial statement line item in earnings or are recognized in accumulated other comprehensive loss until the hedged item is recognized in earnings. Derivatives that do not meet the criteria for hedge accounting, or contracts for which the Company has not elected hedge accounting, are recorded at fair value with unrealized gains or losses reported in earnings. Derivatives with an unrealized gain are recorded in the Company's Consolidated Balance Sheets as either current or non-current assets, based on maturity date, and derivatives with an unrealized loss are recorded as either current or non-current liabilities, based on maturity date. Refer to Note 8 for the presentation of the Company's derivative assets and liabilities.
Fair Value Hedges
The Company is a party to receive fixed-rate, pay variable-rate interest rate swaps that the Company uses to hedge the fair value of fixed-rate debt. All interest rate swaps designated as fair value hedges of the related long-term debt meet the shortcut method requirements under U.S. GAAP. Accordingly, changes in the fair values of these interest rate swaps are considered to exactly offset changes in the fair value of the underlying long-term debt. These derivatives will mature on dates ranging from April 2024 to September 2031.
Cash Flow Hedges
The Company is a party to receive fixed-rate, pay fixed-rate cross currency interest rate swaps used to hedge the currency exposure associated with the forecasted payments of principal and interest of certain non-U.S. denominated debt. The Company records changes in the fair value of these swaps in accumulated other comprehensive loss which is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. These derivatives will mature on dates ranging from July 2024 to January 2039.
Net Investment Hedges
Prior to the divestiture of the Company's operations in the United Kingdom and Japan as discussed in Note 12, the Company was a party to receive fixed-rate, pay fixed-rate cross currency interest rate swaps used to hedge the currency exposure associated with net investments of these foreign operations. Changes in fair value attributable to the hedged risk were recorded in accumulated other comprehensive loss. The Company also previously designated certain foreign currency denominated long-term debt as a hedge of currency exposure associated with the net investment of these divested operations and recorded foreign currency gain or loss associated with designated long-term debt in accumulated other comprehensive loss. Upon closing of the sale of the Company's operations in the U.K. and Japan during the first quarter of fiscal 2022, these amounts were released from accumulated other comprehensive loss as discussed in Note 4.
Income Taxes
Income Taxes
Income taxes are accounted for under the balance sheet method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases ("temporary differences"). Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rate is recognized in income in the period that includes the enactment date.
Deferred tax assets are evaluated for future realization and reduced by a valuation allowance to the extent that a portion is not more likely than not to be realized. Many factors are considered when assessing whether it is more likely than not that the deferred tax assets will be realized, including recent cumulative earnings, expectations of future taxable income, carryforward periods, and other relevant quantitative and qualitative factors. The recoverability of the deferred tax assets is evaluated by assessing the adequacy of future expected taxable income from all sources, including reversal of taxable temporary differences, forecasted operating earnings and available tax planning strategies. These sources of income rely on estimates.
In determining the provision for income taxes, an annual effective income tax rate is used based on annual income, permanent differences between book and tax income, and statutory income tax rates. Discrete events such as audit settlements or changes in tax laws are recognized in the period in which they occur.
The Company records a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. The Company records interest and penalties related to unrecognized tax benefits in interest expense and operating, selling, general and administrative expenses, respectively, in the Company's Consolidated Statements of Income. Refer to Note 9 for additional income tax disclosures.
Redeemable Noncontrolling Interest
Redeemable Noncontrolling Interest
Noncontrolling interests that are redeemable outside the Company's control at fixed or determinable prices and dates are presented as temporary equity in the Consolidated Balance Sheets. Redeemable noncontrolling interests are recorded at the greater of the redemption fair value or the carrying value of the noncontrolling interest and adjusted each reporting period for income, loss and any distributions made. Remeasurements to the redemption value of the redeemable noncontrolling interest are recognized in capital in excess of par. As of January 31, 2024, the Company has a redeemable noncontrolling interest related to an acquisition in the Walmart U.S. segment as the minority interest owner holds a put option which may require the Company to purchase its interest beginning in December 2027, with annual options thereafter.
Revenue Recognition
Revenue Recognition    
Net Sales
The Company recognizes sales revenue, net of sales taxes and estimated sales returns, at the time it sells merchandise or services to the customer. eCommerce sales include shipping revenue and are recorded upon delivery to the customer. Estimated sales returns are calculated based on expected returns.
Membership Fee Revenue
The Company recognizes membership fee revenue over the term of the membership, which is typically 12 months. Membership fee revenue was $3.1 billion for fiscal 2024, $2.6 billion for fiscal 2023 and $2.2 billion for fiscal 2022. Membership fee revenue is included in membership and other income in the Company's Consolidated Statements of Income. Deferred membership fee revenue is included in accrued liabilities in the Company's Consolidated Balance Sheets.
Gift Cards
Customer purchases of gift cards are not recognized as sales until the card is redeemed and the customer purchases merchandise using the gift card. Gift cards in the U.S. and some countries do not carry an expiration date; therefore, customers and members can redeem their gift cards for merchandise and services indefinitely. Gift cards in some countries where the Company does business have expiration dates. While gift cards are generally redeemed within 12 months, a certain number of gift cards, both with and without expiration dates, will not be fully redeemed. Management estimates unredeemed balances and recognizes revenue for these amounts in membership and other income in the Company's Consolidated Statements of Income over the expected redemption period.
Financial, Advertising and Other Services
The Company recognizes revenue from service transactions at the time the service is performed. Generally, revenue from services is classified as a component of net sales in the Company's Consolidated Statements of Income.
Cost of Sales
Cost of Sales
Cost of sales includes actual product cost, the cost of transportation to the Company's distribution facilities, stores and clubs from suppliers, the cost of transportation from the Company's distribution facilities to the stores, clubs and customers and the cost of warehousing for the Sam's Club segment and import distribution centers. Cost of sales is reduced by supplier payments that are not a reimbursement of specific, incremental and identifiable costs.
Payments from Suppliers
Payments from Suppliers
The Company receives consideration from suppliers for various programs, primarily volume incentives, warehouse allowances and reimbursements for specific programs such as markdowns, margin protection, certain advertising arrangements and supplier-specific fixtures. Payments from suppliers are accounted for as a reduction of cost of sales and recognized in the Company's Consolidated Statements of Income when the related inventory is sold, except in certain limited situations when the payment is a reimbursement of specific, incremental and identifiable costs.
Operating, Selling, General and Administrative Expenses
Operating, Selling, General and Administrative Expenses
Operating, selling, general and administrative expenses include all operating costs of the Company, except cost of sales, as described above. As a result, the majority of the cost of warehousing and occupancy for the Walmart U.S. and Walmart International segments' distribution facilities is included in operating, selling, general and administrative expenses. Because the Company only includes a portion of the cost of its Walmart U.S. and Walmart International segments' distribution facilities in cost of sales, its gross profit and gross profit as a percentage of net sales may not be comparable to those of other retailers that may include all costs related to their distribution facilities in cost of sales and in the calculation of gross profit.
Advertising Costs
Advertising Costs
Advertising costs are expensed as incurred, and consist primarily of digital, television and print advertisements that are recorded in operating, selling, general and administrative expenses in the Company's Consolidated Statements of Income.
Currency Translation
Currency Translation
The assets and liabilities of all international subsidiaries are translated from the respective local currency to the U.S. dollar using exchange rates at the balance sheet date. Related translation adjustments are recorded as a component of accumulated other comprehensive loss. The Company's Consolidated Statements of Income of all international subsidiaries are translated from the respective local currencies to the U.S. dollar using average exchange rates for the period covered by the income statements.
Recent Accounting Pronouncements
Recent Accounting Pronouncements
In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which updates reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses. The amendments are effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments should be applied retrospectively to all prior periods presented in the financial statements. Management is currently evaluating this ASU to determine its impact on the Company's disclosures.
In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which expands the requirements for income tax disclosures in order to provide greater transparency. The amendments are effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments should be applied prospectively. Management is currently evaluating this ASU to determine its impact on the Company's disclosures.
v3.24.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Jan. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Property, Plant and Equipment The following table summarizes the Company's property and equipment balances and includes the estimated useful lives that are generally used to depreciate the assets on a straight-line basis:
Estimated Useful LivesAs of January 31,
(Dollars in millions)(in Years)20242023
LandN/A$19,562 $19,317 
Buildings and improvements
3 - 40
111,767 104,554 
Fixtures and equipment
2 - 30
72,161 65,235 
Transportation equipment
3 - 15
2,979 2,462 
Construction in progressN/A13,390 10,802 
Property and equipment219,859 202,370 
Accumulated depreciation(109,049)(101,610)
Property and equipment, net$110,810 $100,760 
Schedule of Goodwill
The following table reflects goodwill activity, by reportable segment, for fiscal 2024 and 2023:
(Amounts in millions)Walmart U.S.Walmart
International		Sam's ClubTotal
Balances as of February 1, 2022$2,941 $25,752 $321 $29,014 
Changes in currency translation and other— (1,475)— (1,475)
Acquisitions433 202 — 635 
Balances as of January 31, 20233,374 24,479 321 28,174 
Changes in currency translation and other(10)(58)— (68)
Acquisitions— 7 — 7 
Balances as of January 31, 2024$3,364 $24,428 $321 $28,113 
v3.24.0.1
Net Income Per Common Share (Tables)
 12 Months Ended
Jan. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Calculation of Numerator and Denominator in Earnings Per Share
The following table provides a reconciliation of the numerators and denominators used to determine basic and diluted net income per common share attributable to Walmart:
Fiscal Years Ended January 31,
(Amounts in millions, except per share data)202420232022
Numerator
Consolidated net income$16,270 $11,292 $13,940 
Consolidated net (income) loss attributable to noncontrolling interest(759)388 (267)
Consolidated net income attributable to Walmart$15,511 $11,680 $13,673 
Denominator
Weighted-average common shares outstanding, basic8,077 8,171 8,376 
Dilutive impact of stock options and other share-based awards31 31 39 
Weighted-average common shares outstanding, diluted8,108 8,202 8,415 
Net income per common share attributable to Walmart
Basic$1.92 $1.43 $1.63 
Diluted1.91 1.42 1.62 
v3.24.0.1
Shareholders' Equity (Tables)
 12 Months Ended
Jan. 31, 2024
Equity [Abstract]  
Schedule of Share-Based Compensation Expense by Award Type The following table summarizes the Company's share-based compensation expense by award type for all plans:
 Fiscal Years Ended January 31,
(Amounts in millions)202420232022
Restricted stock units$1,258 $927 $659 
Restricted stock and performance-based restricted stock units609 444 321 
Other226 207 183 
Share-based compensation expense$2,093 $1,578 $1,163 
Schedule of Restricted Stock and Performance Share Awards and Restricted Stock Rights Activity
The following table shows the activity for restricted stock units and restricted stock and performance-based restricted stock units during fiscal 2024:
Restricted Stock UnitsRestricted Stock and
Performance-based Restricted Stock Units
(Shares in thousands)SharesWeighted-Average Grant-Date Fair Value Per ShareSharesWeighted-Average Grant-Date Fair Value Per Share
Outstanding as of February 1, 202348,660 $42.67 21,480 $46.29 
Granted35,751 48.37 12,999 49.07 
Adjustment for performance achievement(1)
— — 1,713 47.27 
Vested/exercised(31,794)42.29 (10,383)45.85 
Forfeited (3,426)46.47 (2,706)46.51 
Outstanding as of January 31, 202449,191 $46.79 23,103 $48.09 
(1) Represents the adjustment to previously granted performance share units for performance achievement.
Schedule of Restricted Stock and Performance Based Restricted Stock
The following table includes additional information related to restricted stock units and restricted stock and performance-based restricted stock units: 
 Fiscal Years Ended January 31,
(Amounts in millions, except years)202420232022
Fair value of restricted stock units vested$1,345 $931 $703 
Fair value of restricted stock and performance-based restricted stock units vested477 390 264 
Unrecognized compensation cost for restricted stock units1,686 1,323 1,102 
Unrecognized compensation cost for restricted stock and performance-based restricted stock units656 548 417 
Weighted average remaining period to expense for restricted stock units (years)0.91.01.2
Weighted average remaining period to expense for restricted stock and performance-based restricted stock units (years)1.31.41.5
Schedule of Company's Share Repurchases The following table provides, on a settlement date basis, the number of shares repurchased, average price paid per share and total amount paid for share repurchases for fiscal 2024, 2023 and 2022:
Fiscal Years Ended January 31,
(Amounts in millions, except per share data)202420232022
Total number of shares repurchased 54.6 221.8 209.1 
Average price paid per share $50.87 $44.72 $46.82 
Total cash paid for share repurchases$2,779 $9,920 $9,787 
v3.24.0.1
Accumulated Other Comprehensive Loss (Tables)
 12 Months Ended
Jan. 31, 2024
Other Comprehensive Income (Loss), Tax [Abstract]  
Composition of Accumulated Other Comprehensive Income (Loss)
The following table provides the changes in the composition of total accumulated other comprehensive loss for fiscal 2024, 2023 and 2022:
(Amounts in millions and net of immaterial income taxes)Currency
Translation
and Other		Net Investment HedgesCash Flow HedgesMinimum
Pension Liability		Total
Balances as of February 1, 2021$(10,772)$1,296 $(304)$(1,986)$(11,766)
Other comprehensive loss before reclassifications, net
(586)(7)(540)— (1,133)
Reclassifications related to business dispositions, net(1)
3,258 (1,195)30 1,966 4,059 
Reclassifications to income, net— — 66 8 74 
Balances as of January 31, 2022(8,100)94 (748)(12)(8,766)
Other comprehensive income (loss) before reclassifications, net(1,145)— (571)5 (1,711)
Return of currency translation to parent(2)
(1,262)— — — (1,262)
Reclassifications to income, net(309)— 368 — 59 
Balances as of January 31, 2023(10,816)94 (951)(7)(11,680)
Other comprehensive income (loss) before reclassifications, net333 — (8)(11)314 
Reclassifications to income, net— — 64 — 64 
Balances as of January 31, 2024$(10,483)$94 $(895)$(18)$(11,302)
(1) Upon closing of the sale of the Company's operations in the U.K. and Japan during the first quarter of fiscal 2022, these amounts were released from accumulated other comprehensive loss, the majority of which was considered in the impairment evaluation when the individual disposal groups met the held for sale classification in fiscal 2021.
(2) Upon closing of the noncontrolling interest shareholder buyout of the Company's Massmart subsidiary during the fourth quarter of fiscal 2023, the cumulative amount of currency translation was reallocated from the Company's noncontrolling interest back to the Company. Refer to Note 3.
v3.24.0.1
Accrued Liabilities (Tables)
 12 Months Ended
Jan. 31, 2024
Accrued Liabilities [Abstract]  
Schedule of Accrued Liabilities
The Company's accrued liabilities consist of the following as of January 31, 2024 and 2023:
 January 31,
(Amounts in millions)20242023
Accrued wages and benefits(1)
8,590 8,287 
Self-insurance(2)
4,916 4,724 
Accrued non-income taxes(3)
3,459 3,425 
Opioid litigation settlement(4)
— 2,949 
Deferred gift card revenue2,664 2,488 
Other(5)
9,130 9,253 
Total accrued liabilities$28,759 $31,126 
(1)Accrued wages and benefits include accrued wages, salaries, vacation, bonuses and other incentive plans.
(2)Self-insurance consists of insurance-related liabilities, such as workers' compensation, general liability, auto liability, product liability and certain employee-related healthcare benefits.
(3)Accrued non-income taxes include accrued payroll, property, value-added, sales and miscellaneous other taxes.
(4)Represents the remaining balance for the opioids litigation settlement (substantially all of the balance outstanding at the end of fiscal 2023 was paid in fiscal 2024, see Note 10.)
(5)Other accrued liabilities includes items such as deferred membership revenue, interest, the purchase of PhonePe stock (see Note 3), supply chain, advertising, and maintenance & utilities.
v3.24.0.1
Short-term Borrowings and Long-term Debt (Tables)
 12 Months Ended
Jan. 31, 2024
Long-Term Debt, Unclassified [Abstract]  
Schedule of Line of Credit Facilities
The Company has various committed lines of credit in the U.S. to support its commercial paper program and are summarized in the following table:
January 31, 2024January 31, 2023
(Amounts in millions)AvailableDrawnUndrawnAvailableDrawnUndrawn
Five-year credit facility(1)
$5,000 $— $5,000 $5,000 $— $5,000 
364-day revolving credit facility(1)
10,000 — 10,000 10,000 — 10,000 
Total$15,000 $— $15,000 $15,000 $— $15,000 
(1)     In April 2023, the Company renewed and extended its existing 364-day revolving credit facility as well as its five year credit facility.
Schedule of Long-term Debt Instruments
The Company's long-term debt, which includes the fair value instruments further discussed in Note 8, consists of the following as of January 31, 2024 and 2023:
 January 31, 2024January 31, 2023
(Amounts in millions)Maturity Dates
By Fiscal Year		Amount
Average Rate(1)
Amount
Average Rate(1)
Unsecured debt
Fixed2025 - 2054$34,527 3.7%$33,707 3.6%
Total U.S. dollar denominated34,527 33,707 
Fixed2027 - 20301,789 4.0%1,790 4.0%
Total Euro denominated1,789 1,790 
Fixed2031 - 20393,412 5.4%3,318 5.4%
Total Sterling denominated3,412 3,318 
Fixed2025 - 2028677 0.4%767 0.4%
Total Yen denominated677 767 
Total unsecured debt40,405 39,582 
Total other(2)
(826)(742)
Total debt39,579 38,840 
Less amounts due within one year(3,447)(4,191)
Long-term debt$36,132 $34,649 
(1)The average rate represents the weighted-average stated rate for each corresponding debt category, based on year-end balances and year-end interest rates.
(2)Includes deferred loan costs, discounts, fair value hedges, foreign-held debt and secured debt.
Schedule of Maturities of Long-term Debt
Annual maturities of long-term debt during the next five years and thereafter are as follows:
(Amounts in millions)Annual
Fiscal YearMaturities
2025$3,447 
20262,600 
20273,483 
20281,760 
20293,458 
Thereafter24,831 
Total$39,579 
Schedule of Significant Debt Issuances
Information on significant long-term debt issued during fiscal 2024 and 2023, for general corporate purposes, is as follows:
(Amounts in millions)
Issue DatePrincipal AmountMaturity DateFixed vs. FloatingInterest RateNet Proceeds
April 18, 2023$750April 15, 2026Fixed4.000%$748 
April 18, 2023$750April 15, 2028Fixed3.900%746 
April 18, 2023$500April 15, 2030Fixed4.000%497 
April 18, 2023$1,500April 15, 2033Fixed4.100%1,491 
April 18, 2023$1,500April 15, 2053Fixed4.500%1,485 
Total$4,967 
(Amounts in millions)
Issue DatePrincipal AmountMaturity DateFixed vs. FloatingInterest RateNet Proceeds
September 9, 2022$1,750September 9, 2025Fixed3.900%$1,744 
September 9, 2022$1,000September 9, 2027Fixed3.950%994 
September 9, 2022$1,250September 9, 2032Fixed4.150%1,239 
September 9, 2022$1,000September 9, 2052Fixed4.500%992 
Total$4,969 
Schedule of Significant Debt Repayments
The following tables provide details of significant long-term debt repayments during fiscal 2024 and 2023:
(Amounts in millions)
Maturity DatePrincipal AmountFixed vs. FloatingInterest RateRepayment
April 11, 2023$1,750Fixed2.550%$1,750 
June 26, 2023$2,280Fixed3.400%2,280
Total repayment of matured debt$4,030 
(Amounts in millions)
Maturity DatePrincipal AmountFixed vs. FloatingInterest RateRepayment
April 8, 2022€850Fixed1.900%$927 
July 15, 2022¥70,000Fixed0.183%512
December 15, 2022$1,250Fixed2.350%1,250
Total repayment of matured debt$2,689 
v3.24.0.1
Leases (Tables)
 12 Months Ended
Jan. 31, 2024
Leases [Abstract]  
Lease, Cost The Company's lease costs recognized in the Consolidated Statements of Income consist of the following:
Fiscal years ended January 31,
(Amounts in millions)202420232022
Operating lease cost$2,277 $2,306$2,274
Finance lease cost:
   Amortization of right-of-use assets755 596565
   Interest on lease obligations326 256232
Variable lease cost1,082 899823
Schedule of Other Information Relating to Lease Liabilities
Other lease information is as follows:
Fiscal years ended January 31,
(Amounts in millions)202420232022
Cash paid for amounts included in measurement of lease obligations:
Operating cash flows from operating leases$2,273 2,280 2,234 
Operating cash flows from finance leases315 248 225 
Financing cash flows from finance leases1,055 563 538 
Assets obtained in exchange for operating lease obligations1,514 1,714 1,816 
Assets obtained in exchange for finance lease obligations1,572 1,226 1,044 
As of January 31,
20242023
Weighted-average remaining lease term - operating leases11.7 years12.0 years
Weighted-average remaining lease term - finance leases12.4 years13.3 years
Weighted-average discount rate - operating leases6.4%6.0%
Weighted-average discount rate - finance leases6.8%6.5%
Lessee Operating Liability Maturity
The aggregate annual lease obligations at January 31, 2024, are as follows:
(Amounts in millions)
Fiscal YearOperating LeasesFinance Leases
2025$2,181 $1,071 
20262,107 1,000 
20271,970 926 
20281,815 823 
20291,645 636 
Thereafter11,295 5,850 
Total undiscounted lease obligations21,013 10,306 
Less imputed interest(6,583)(3,872)
Net lease obligations$14,430 $6,434 
Lessee Finance Liability Maturity
The aggregate annual lease obligations at January 31, 2024, are as follows:
(Amounts in millions)
Fiscal YearOperating LeasesFinance Leases
2025$2,181 $1,071 
20262,107 1,000 
20271,970 926 
20281,815 823 
20291,645 636 
Thereafter11,295 5,850 
Total undiscounted lease obligations21,013 10,306 
Less imputed interest(6,583)(3,872)
Net lease obligations$14,430 $6,434 
v3.24.0.1
Fair Value Measurements (Tables)
 12 Months Ended
Jan. 31, 2024
Fair Value Disclosures [Abstract]  
Fair Value of Investments
(Amounts in millions)
Fair Value as of January 31, 2024
Fair Value as of January 31, 2023
Equity investments measured using Level 1 inputs$2,835 $5,099 
Equity investments measured using Level 2 inputs4,414 5,570 
Total$7,249 $10,669 
Notional Amounts and Fair Values of Derivatives As of January 31, 2024 and January 31, 2023, the notional amounts and fair values of these derivatives were as follows:
 January 31, 2024January 31, 2023
(Amounts in millions)Notional AmountFair ValueNotional AmountFair Value
Receive fixed-rate, pay variable-rate interest rate swaps designated as fair value hedges$6,271 $(654)(1)$8,021 $(689)(1)
Receive fixed-rate, pay fixed-rate cross-currency swaps designated as cash flow hedges5,879 (1,302)(1)5,900 (1,423)(1)
Total$12,150 $(1,956)$13,921 $(2,112)
(1)Primarily classified in deferred income taxes and other in the Company's Consolidated Balance Sheets.
Carrying Value and Fair Value of Long-Term Debt The carrying value and fair value of the Company's long-term debt as of January 31, 2024 and 2023, are as follows:
 January 31, 2024January 31, 2023
(Amounts in millions)Carrying ValueFair ValueCarrying ValueFair Value
Long-term debt, including amounts due within one year$39,579 $38,431 $38,840 $38,169 
v3.24.0.1
Taxes (Tables)
 12 Months Ended
Jan. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of Income Before Income Taxes
The components of income before income taxes are as follows:
 Fiscal Years Ended January 31,
(Amounts in millions)202420232022
U.S.$20,092 $15,089 $15,536 
Non-U.S.1,756 1,927 3,160 
Total income before income taxes$21,848 $17,016 $18,696 
Schedule of Income Tax Provision
A summary of the provision for income taxes is as follows:
 Fiscal Years Ended January 31,
(Amounts in millions)202420232022
Current:
U.S. federal$3,215 $2,030 $3,313 
U.S. state and local762 610 649 
International1,772 2,654 1,553 
Total current tax provision5,749 5,294 5,515 
Deferred:
U.S. federal(438)608 (671)
U.S. state and local141 119 41 
International126 (297)(129)
Total deferred tax expense (benefit)(171)430 (759)
Total provision for income taxes$5,578 $5,724 $4,756 
Schedule of Income Tax Rate
A reconciliation of the significant differences between the U.S. statutory tax rate and the effective income tax rate on pre-tax income from continuing operations is as follows:
 Fiscal Years Ended January 31,
 202420232022
U.S. statutory tax rate21.0 %21.0 %21.0 %
U.S. state income taxes, net of federal income tax benefit3.0 %3.1 %2.8 %
Income taxed outside the U.S.0.1 %1.1 %(1.5)%
Separation, disposal and wind-down of certain business operations— %6.3 %0.5 %
Valuation allowance1.2 %1.7 %4.4 %
Net impact of repatriated international earnings(0.4)%(0.4)%(0.3)%
Federal tax credits(1.5)%(1.3)%(1.1)%
Change in unrecognized tax benefits0.6 %0.3 %0.2 %
Other, net1.5 %1.8 %(0.6)%
Effective income tax rate25.5 %33.6 %25.4 %
Schedule of Deferred Tax Balances
The significant components of the Company's deferred tax account balances are as follows:
 January 31,
(Amounts in millions)20242023
Deferred tax assets:
Loss and tax credit carryforwards$7,136 $7,690 
Accrued liabilities3,066 3,312 
Share-based compensation238 237 
Lease obligations4,831 4,653 
Other1,124 839 
Total deferred tax assets16,395 16,731 
Valuation allowances(7,485)(7,815)
Deferred tax assets, net of valuation allowances8,910 8,916 
Deferred tax liabilities:
Property and equipment4,813 4,352 
Acquired intangibles898 932 
Inventory3,035 3,032 
Lease right of use assets4,941 4,727 
Mark-to-market investments322 1,390 
Other486 249 
Total deferred tax liabilities14,495 14,682 
Net deferred tax liabilities$5,585 $5,766 
Schedule of Deferred Tax Classification in the Balance Sheet
The deferred taxes noted above are classified as follows in the Company's Consolidated Balance Sheets:
  January 31,
(Amounts in millions)20242023
Balance Sheet classification
Assets:
Other long-term assets$1,663 $1,503 
Liabilities:
Deferred income taxes and other7,248 7,269 
Net deferred tax liabilities$5,585 $5,766 
Reconciliation of Unrecognized Tax Benefits From Continuing Operations
A reconciliation of gross unrecognized tax benefits from continuing operations is as follows:
 Fiscal Years Ended January 31,
(Amounts in millions)202420232022
Gross unrecognized tax benefits, beginning of year$3,307 $3,245 $3,135 
Increases related to prior year tax positions336 79 170 
Decreases related to prior year tax positions(74)(248)(97)
Increases related to current year tax positions102 357 75 
Settlements during the period(102)(89)(5)
Lapse in statutes of limitations(29)(37)(33)
Gross unrecognized tax benefits, end of year$3,540 $3,307 $3,245 
v3.24.0.1
Retirement-Related Benefits (Tables)
 12 Months Ended
Jan. 31, 2024
Retirement Benefits [Abstract]  
Schedule of Contribution Expense Related to Defined Contribution Plans
The following table summarizes the contribution expense related to the Company's defined contribution plans for fiscal 2024, 2023 and 2022:
Fiscal Years Ended January 31,
(Amounts in millions)202420232022
Defined contribution plans:
U.S.$1,528 $1,491 $1,441 
International85 74 39 
Total contribution expense for defined contribution plans$1,613 $1,565 $1,480 
v3.24.0.1
Segments and Disaggregated Revenue (Tables)
 12 Months Ended
Jan. 31, 2024
Disaggregation of Revenue [Line Items]  
Segment Revenues and Assets Information for the Company's segments, as well as for Corporate and support, including the reconciliation to income before income taxes, is provided in the following table:
(Amounts in millions)
Walmart U.S.Walmart InternationalSam's ClubCorporate and supportConsolidated
Fiscal Year Ended January 31, 2024
Net sales$441,817 $114,641 $86,179 $— $642,637 
Operating income (loss)22,154 4,909 2,192 (2,243)27,012 
Interest, net(2,137)
Other gains and (losses)(3,027)
Income before income taxes$21,848 
Total assets$137,782 $86,136 $15,682 $12,799 $252,399 
Depreciation and amortization7,671 2,159 642 1,381 11,853 
Capital expenditures$13,877 $2,911 $1,041 $2,777 $20,606 
Fiscal Year Ended January 31, 2023
Net sales$420,553 $100,983 $84,345 $— $605,881 
Operating income (loss)20,620 2,965 1,964 (5,121)20,428 
Interest, net(1,874)
Other gains and (losses)(1,538)
Income before income taxes$17,016 
Total assets$130,659 $86,766 $15,490 $10,282 $243,197 
Depreciation and amortization$7,054 $1,964 $609 $1,318 10,945 
Capital expenditures$11,425 $2,625 $727 $2,080 16,857 
Fiscal Year Ended January 31, 2022
Net sales$393,247 $100,959 $73,556 $— $567,762 
Operating income (loss)21,587 3,758 2,259 (1,662)25,942 
Interest, net(1,836)
Loss on extinguishment of debt(2,410)
Other gains and (losses)(3,000)
Income before income taxes$18,696 
Total assets$125,044 $91,403 $14,678 $13,735 $244,860 
Depreciation and amortization$6,773 $1,963 $601 $1,321 10,658 
Capital expenditures$8,475 $2,497 $622 $1,512 13,106 
Schedule of Revenue from External Customers and Long-Lived Assets
Total revenues, consisting of net sales and membership and other income, and long-lived assets, consisting primarily of net property and equipment and lease right-of-use assets, aggregated by the Company's U.S. and non-U.S. operations for fiscal 2024, 2023 and 2022, are as follows:
Fiscal Years Ended January 31,
(Amounts in millions)202420232022
Revenues
U.S. operations$532,076 $508,685 $470,295 
Non-U.S. operations116,049 102,604 102,459 
Total revenues$648,125 $611,289 $572,754 
Long-lived assets
U.S. operations$104,480 $95,567 $89,795 
Non-U.S. operations25,858 23,667 22,829 
Total long-lived assets$130,338 $119,234 $112,624 
Walmart U.S.  
Disaggregation of Revenue [Line Items]  
Disaggregation of Revenue
(Amounts in millions)Fiscal Years Ended January 31,
Walmart U.S. net sales by merchandise category202420232022
Grocery$264,210 $247,299 $218,944 
General merchandise113,985 118,597 125,876 
Health and wellness54,898 46,591 42,839 
Other categories8,724 8,066 5,588 
Total$441,817 $420,553 $393,247 
Walmart International  
Disaggregation of Revenue [Line Items]  
Disaggregation of Revenue
(Amounts in millions)Fiscal Years Ended January 31,
Walmart International net sales by market202420232022
Mexico and Central America$49,726 $40,496 $35,964 
Canada22,639 22,300 21,773 
China17,011 14,711 13,852 
United Kingdom— — 3,811 
Other25,265 23,476 25,559 
Total$114,641 $100,983 $100,959 
Sam's Club  
Disaggregation of Revenue [Line Items]  
Disaggregation of Revenue
(Amounts in millions)Fiscal Years Ended January 31,
Sam's Club net sales by merchandise category202420232022
Grocery and consumables$56,449 $53,027 $46,822 
Fuel, tobacco and other categories12,854 14,636 10,751 
Home and apparel9,263 9,579 9,037 
Health and wellness5,005 4,248 3,956 
Technology, office and entertainment2,608 2,855 2,990 
Total$86,179 $84,345 $73,556 
v3.24.0.1
Subsequent Event (Tables)
 12 Months Ended
Jan. 31, 2024
Subsequent Events [Abstract]  
Schedule of Dividends Payable For fiscal 2025, the annual dividend will be paid in four quarterly installments of $0.2075 per share, according to the following record and payable dates:
Record Date  Payable Date
March 15, 2024  April 1, 2024
May 10, 2024  May 28, 2024
August 16, 2024  September 3, 2024
December 13, 2024  January 6, 2025
v3.24.0.1
Summary of Significant Accounting Policies - Narrative (Details)
$ / shares in Units, $ in Millions
 12 Months Ended
Feb. 23, 2024
$ / shares
Jan. 31, 2024
USD ($)
segment
$ / shares
Jan. 31, 2023
USD ($)
Jan. 31, 2022
USD ($)
Accounting Policies [Line Items]        
Number of reportable segments | segment   3    
Common stock, par (in USD per share) | $ / shares   $ 0.10    
Cash and cash equivalents   $ 9,867 $ 8,625  
Percentage of cash and cash equivalents   60.00% 62.00%  
Receivables from transactions with customers, net   $ 3,700 $ 3,700  
Depreciation and amortization   11,853 10,945 $ 10,658
Indefinite-lived intangible assets (excluding goodwill)   4,100 4,300  
Equity and other securities, changes in fair value   (3,400) (1,200)  
Trading securities   1,200 500  
Supplier finance program, obligation   $ 5,300 $ 5,200  
Supplier Finance Program, Obligation, Statement of Financial Position [Extensible Enumeration]   Accounts payable Accounts payable  
Membership fee revenue   $ 5,488 $ 5,408 4,992
Advertising expense   4,400 4,100 3,900
Fair Value, Inputs, Level 1, Level 2, and Level 3        
Accounting Policies [Line Items]        
Equity and other securities, changes in fair value   $ (3,800) (1,700) (2,400)
Subsequent Event        
Accounting Policies [Line Items]        
Stock split, conversion ratio (in shares) 3      
Common stock, par (in USD per share) | $ / shares $ 0.10      
Minimum        
Accounting Policies [Line Items]        
Supplier finance program, payment timing, period   30 days    
Maximum        
Accounting Policies [Line Items]        
Supplier finance program, payment timing, period   90 days    
Indemnification Agreement        
Accounting Policies [Line Items]        
Guarantor obligations, current carrying value   $ 700 600  
Guarantor obligations, maximum exposure   3,200    
Membership Fees        
Accounting Policies [Line Items]        
Membership fee revenue   3,100 2,600 $ 2,200
Amounts Due from Banks        
Accounting Policies [Line Items]        
Cash and cash equivalents   2,100 2,000  
Nonrepatriable Cash and Cash Equivalents        
Accounting Policies [Line Items]        
Cash and cash equivalents   $ 3,500 $ 2,900  
v3.24.0.1
Summary of Significant Accounting Policies - Schedule of Property, Plant and Equipment (Details) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Property, Plant and Equipment [Line Items]    
Property and equipment $ 219,859 $ 202,370
Accumulated depreciation (109,049) (101,610)
Property and equipment, net 110,810 100,760
Land    
Property, Plant and Equipment [Line Items]    
Property and equipment 19,562 19,317
Buildings and improvements    
Property, Plant and Equipment [Line Items]    
Property and equipment $ 111,767 104,554
Buildings and improvements | Minimum    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, useful life 3 years  
Buildings and improvements | Maximum    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, useful life 40 years  
Fixtures and equipment    
Property, Plant and Equipment [Line Items]    
Property and equipment $ 72,161 65,235
Fixtures and equipment | Minimum    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, useful life 2 years  
Fixtures and equipment | Maximum    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, useful life 30 years  
Transportation equipment    
Property, Plant and Equipment [Line Items]    
Property and equipment $ 2,979 2,462
Transportation equipment | Minimum    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, useful life 3 years  
Transportation equipment | Maximum    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, useful life 15 years  
Construction in progress    
Property, Plant and Equipment [Line Items]    
Property and equipment $ 13,390 $ 10,802
v3.24.0.1
Summary of Significant Accounting Policies - Schedule of Goodwill (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Goodwill [Roll Forward]    
Beginning balance $ 28,174 $ 29,014
Changes in currency translation and other (68) (1,475)
Acquisitions 7 635
Ending balance 28,113 28,174
Walmart U.S.    
Goodwill [Roll Forward]    
Beginning balance 3,374 2,941
Changes in currency translation and other (10) 0
Acquisitions 0 433
Ending balance 3,364 3,374
Walmart International    
Goodwill [Roll Forward]    
Beginning balance 24,479 25,752
Changes in currency translation and other (58) (1,475)
Acquisitions 7 202
Ending balance 24,428 24,479
Sam's Club    
Goodwill [Roll Forward]    
Beginning balance 321 321
Changes in currency translation and other 0 0
Acquisitions 0 0
Ending balance $ 321 $ 321
v3.24.0.1
Net Income Per Common Share - Schedule of Calculation of Numerator and Denominator in Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Numerator      
Consolidated net income $ 16,270 $ 11,292 $ 13,940
Consolidated net (income) loss attributable to noncontrolling interest (759) 388 (267)
Consolidated net income attributable to Walmart $ 15,511 $ 11,680 $ 13,673
Denominator      
Weighted-average common shares outstanding, basic (in shares) 8,077 8,171 8,376
Dilutive impact of stock options and other share-based awards (in shares) 31 31 39
Weighted-average common shares outstanding, diluted (in shares) 8,108 8,202 8,415
Net income per common share attributable to Walmart      
Basic (in USD per share) $ 1.92 $ 1.43 $ 1.63
Diluted (in USD per share) $ 1.91 $ 1.42 $ 1.62
v3.24.0.1
Shareholders' Equity - Narrative (Details) - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Nov. 30, 2022
Jan. 31, 2021
Feb. 01, 2018
Shareholders' Equity            
Common stock, par (in USD per share) $ 0.10          
Common stock, shares authorized (in shares) 33,000,000,000 33,000,000,000        
Preferred stock, par value (in dollars per share) $ 0.10          
Preferred stock, shares authorized (in shares) 100,000,000          
Preferred stock, shares issued (in shares) 0          
Preferred stock, shares outstanding (in shares) 0          
Purchase of noncontrolling interest $ 2,443.0 $ 1,773.0        
Proceeds from issuance or sale of equity 716.0 66.0 $ 3,239.0      
Share-based compensation expense 2,093.0 1,578.0 1,163.0      
Tax benefit 500.0 400.0 $ 300.0      
Compensation awards (in shares)           780,000,000
PhonePe            
Shareholders' Equity            
Liability to noncontrolling interest holders   900.0        
2022 Share Repurchase Program            
Shareholders' Equity            
Repurchase program       $ 20,000.0    
Repurchase amount remaining $ 16,500.0          
Massmart            
Shareholders' Equity            
Purchase of noncontrolling interest   $ 400.0        
Aggregate ownership, percent   100.00% 53.00%      
Alert Innovation            
Shareholders' Equity            
Purchase of noncontrolling interest   $ 400.0        
Aggregate ownership, percent   100.00%        
PhonePe            
Shareholders' Equity            
Aggregate ownership, percent 84.00% 89.00% 76.00%      
Flipkart            
Shareholders' Equity            
Purchase of noncontrolling interest $ 3,500.0          
Aggregate ownership, percent 85.00% 75.00% 75.00%   83.00%  
Common Stock            
Shareholders' Equity            
Common shares, outstanding (in shares) 8,100,000,000 8,100,000,000        
Common shares, issued (in shares) 8,100,000,000 8,100,000,000        
Restricted stock units            
Shareholders' Equity            
Share-based compensation expense $ 1,258.0 $ 927.0 $ 659.0      
Expected dividend rate 2.20% 2.30% 3.80%      
Restricted stock and performance-based restricted stock units            
Shareholders' Equity            
Expected dividend rate 3.30% 3.30% 4.20%      
Annual | Restricted stock units | Grants Made In Fiscal 2023 or Later            
Shareholders' Equity            
Vesting period 3 years          
Annual | Restricted stock units | Grants Made in Fiscal 2020 Through Fiscal 2022            
Shareholders' Equity            
Award vesting rights, percentage 25.00%          
Vesting period 4 years          
Three Years from Grant Date | Restricted stock units | Grants Made Prior to Fiscal 2020            
Shareholders' Equity            
Award vesting rights, percentage 50.00%          
Five Years from Grant Date | Restricted stock units | Grants Made Prior to Fiscal 2020            
Shareholders' Equity            
Award vesting rights, percentage 50.00%          
Quarterly | Restricted stock units | Grants Made In Fiscal 2023 or Later            
Shareholders' Equity            
Award vesting rights, percentage 8.00%          
Minimum | Restricted stock units | Grants Made Prior to Fiscal 2020            
Shareholders' Equity            
Vesting period 3 years          
Minimum | Restricted stock and performance-based restricted stock units            
Shareholders' Equity            
Award vesting rights, percentage 0.00%          
Vesting period 1 year          
Minimum | Performance-based restricted stock            
Shareholders' Equity            
Vesting period 1 month          
Maximum | Restricted stock units | Grants Made Prior to Fiscal 2020            
Shareholders' Equity            
Vesting period 5 years          
Maximum | Restricted stock and performance-based restricted stock units            
Shareholders' Equity            
Award vesting rights, percentage 150.00%          
Vesting period 3 years          
Maximum | Performance-based restricted stock            
Shareholders' Equity            
Vesting period 3 years          
v3.24.0.1
Shareholders' Equity - Share-Based Compensation Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based compensation expense $ 2,093 $ 1,578 $ 1,163
Restricted stock units      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based compensation expense 1,258 927 659
Restricted stock and performance-based restricted stock units      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based compensation expense 609 444 321
Other      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based compensation expense $ 226 $ 207 $ 183
v3.24.0.1
Shareholders' Equity - Rollforward of Activity by Award Type (Details)
shares in Thousands
 12 Months Ended
Jan. 31, 2024
$ / shares
shares
Restricted stock units  
Shares  
Beginning balance (in shares) | shares 48,660
Granted (in shares) | shares 35,751
Adjustment for performance achievement (in shares) | shares 0
Vested/exercised (in shares) | shares (31,794)
Forfeited (in shares) | shares (3,426)
Ending balance (in shares) | shares 49,191
Weighted-Average Grant-Date Fair Value Per Share  
Beginning balance (in USD per share) | $ / shares $ 42.67
Granted (in USD per share) | $ / shares 48.37
Adjustment for performance achievement (in USD per share) | $ / shares 0
Vested/exercised (in USD per share) | $ / shares 42.29
Forfeited (in USD per share) | $ / shares 46.47
Ending balance (in USD per share) | $ / shares $ 46.79
Restricted stock and performance-based restricted stock units  
Shares  
Beginning balance (in shares) | shares 21,480
Granted (in shares) | shares 12,999
Adjustment for performance achievement (in shares) | shares 1,713
Vested/exercised (in shares) | shares (10,383)
Forfeited (in shares) | shares (2,706)
Ending balance (in shares) | shares 23,103
Weighted-Average Grant-Date Fair Value Per Share  
Beginning balance (in USD per share) | $ / shares $ 46.29
Granted (in USD per share) | $ / shares 49.07
Adjustment for performance achievement (in USD per share) | $ / shares 47.27
Vested/exercised (in USD per share) | $ / shares 45.85
Forfeited (in USD per share) | $ / shares 46.51
Ending balance (in USD per share) | $ / shares $ 48.09
v3.24.0.1
Shareholders' Equity - Schedule of Fair Value of Restricted Stock (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Restricted stock units      
Additional information related to restricted stock and performance share awards and restricted stock units      
Fair value $ 1,345 $ 931 $ 703
Unrecognized compensation cost $ 1,686 $ 1,323 $ 1,102
Weighted average remaining period to expense, (years) 10 months 24 days 1 year 1 year 2 months 12 days
Restricted stock and performance-based restricted stock units      
Additional information related to restricted stock and performance share awards and restricted stock units      
Fair value $ 477 $ 390 $ 264
Unrecognized compensation cost $ 656 $ 548 $ 417
Weighted average remaining period to expense, (years) 1 year 3 months 18 days 1 year 4 months 24 days 1 year 6 months
v3.24.0.1
Shareholders' Equity - Schedule of Share Repurchases (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Equity [Abstract]      
Total number of shares repurchased (in shares) 54.6 221.8 209.1
Average price paid per share (in USD per share) $ 50.87 $ 44.72 $ 46.82
Total cash paid for share repurchases $ 2,779.0 $ 9,920.0 $ 9,787.0
v3.24.0.1
Accumulated Other Comprehensive Loss - Composition of Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balances $ 83,754 $ 91,891 $ 87,531
Other comprehensive loss before reclassifications, net 314 (1,711) (1,133)
Reclassifications related to business dispositions, net     4,059
Reclassifications to income, net 64 59 74
Return of currency translation adjustment to parent (2,443) (1,773)  
Ending balances 90,349 83,754 91,891
Total      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balances (11,680) (8,766) (11,766)
Ending balances (11,302) (11,680) (8,766)
Currency Translation and Other      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balances (10,816) (8,100) (10,772)
Other comprehensive loss before reclassifications, net 333 (1,145) (586)
Reclassifications related to business dispositions, net     3,258
Reclassifications to income, net 0 (309) 0
Return of currency translation adjustment to parent   (1,262)  
Ending balances (10,483) (10,816) (8,100)
Net Investment Hedges      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balances 94 94 1,296
Other comprehensive loss before reclassifications, net 0 0 (7)
Reclassifications related to business dispositions, net     (1,195)
Reclassifications to income, net 0 0 0
Return of currency translation adjustment to parent   0  
Ending balances 94 94 94
Cash Flow Hedges      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balances (951) (748) (304)
Other comprehensive loss before reclassifications, net (8) (571) (540)
Reclassifications related to business dispositions, net     30
Reclassifications to income, net 64 368 66
Return of currency translation adjustment to parent   0  
Ending balances (895) (951) (748)
Minimum Pension Liability      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balances (7) (12) (1,986)
Other comprehensive loss before reclassifications, net (11) 5 0
Reclassifications related to business dispositions, net     1,966
Reclassifications to income, net 0 0 8
Return of currency translation adjustment to parent   0  
Ending balances $ (18) (7) $ (12)
Return of Foreign Currency to Parent      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Return of currency translation adjustment to parent   $ (1,262)  
v3.24.0.1
Accrued Liabilities - Schedule of Accrued Liabilities (Details) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Accrued Liabilities [Abstract]    
Accrued wages and benefits $ 8,590 $ 8,287
Self-insurance 4,916 4,724
Accrued non-income taxes 3,459 3,425
Opioid litigation settlement 0 2,949
Deferred gift card revenue 2,664 2,488
Other 9,130 9,253
Total accrued liabilities $ 28,759 $ 31,126
v3.24.0.1
Short-term Borrowings and Long-term Debt - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Debt Instrument [Line Items]      
Short-term borrowings $ 878 $ 372  
Average interest rate 7.70% 6.60%  
Letters of credit, drawn $ 1,700 $ 1,800  
Loss on extinguishment of debt 0 0 $ 2,410
Premiums paid to extinguish debt $ 0 0 $ 2,317
Fronted and Syndicated Lines of Credit | Minimum      
Debt Instrument [Line Items]      
Commitment fee 0.00015    
Fronted and Syndicated Lines of Credit | Maximum      
Debt Instrument [Line Items]      
Commitment fee 0.00040    
Fronted and Syndicated Lines of Credit | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Minimum      
Debt Instrument [Line Items]      
Variable rate commitment 0.0055    
Letter of Credit      
Debt Instrument [Line Items]      
Principal Amount $ 2,100 $ 2,100  
v3.24.0.1
Short-term Borrowings and Long-term Debt - Schedule of Lines of Credit (Details) - Domestic Line of Credit - USD ($)
$ in Millions
 1 Months Ended 12 Months Ended
Apr. 30, 2023
Jan. 31, 2024
Jan. 31, 2023
Line of Credit Facility [Line Items]      
Available   $ 15,000 $ 15,000
Drawn   0 0
Undrawn   15,000 15,000
Five Year Credit Facility      
Line of Credit Facility [Line Items]      
Available   5,000 5,000
Drawn   0 0
Undrawn   $ 5,000 5,000
Revolving credit facility term   5 years  
Revolving Credit Facility      
Line of Credit Facility [Line Items]      
Available   $ 10,000 10,000
Drawn   0 0
Undrawn   $ 10,000 $ 10,000
Revolving credit facility term 364 days    
v3.24.0.1
Short-term Borrowings and Long-term Debt - Schedule of Long-term Debt (Details) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Debt Instrument [Line Items]    
Unsecured debt $ 40,405 $ 39,582
Total debt 39,579 38,840
Less amounts due within one year (3,447) (4,191)
Long-term debt 36,132 34,649
Unsecured debt    
Debt Instrument [Line Items]    
Total debt 39,579  
Less amounts due within one year (3,447)  
Total other debt    
Debt Instrument [Line Items]    
Total other (826) (742)
Denominated US Dollar with Fixed Rate    
Debt Instrument [Line Items]    
Unsecured debt $ 34,527 $ 33,707
Denominated US Dollar with Fixed Rate | Unsecured debt    
Debt Instrument [Line Items]    
Average Rate 3.70% 3.60%
Denominated U S Dollar    
Debt Instrument [Line Items]    
Unsecured debt $ 34,527 $ 33,707
Denominated Euro with Fixed Rate    
Debt Instrument [Line Items]    
Unsecured debt $ 1,789 $ 1,790
Denominated Euro with Fixed Rate | Unsecured debt    
Debt Instrument [Line Items]    
Average Rate 4.00% 4.00%
Denominated Euro    
Debt Instrument [Line Items]    
Unsecured debt $ 1,789 $ 1,790
Denominated Sterling with Fixed Rate    
Debt Instrument [Line Items]    
Unsecured debt $ 3,412 $ 3,318
Denominated Sterling with Fixed Rate | Unsecured debt    
Debt Instrument [Line Items]    
Average Rate 5.40% 5.40%
Denominated Sterling    
Debt Instrument [Line Items]    
Unsecured debt $ 3,412 $ 3,318
Denominated Yen with Fixed Rate    
Debt Instrument [Line Items]    
Unsecured debt $ 677 $ 767
Denominated Yen with Fixed Rate | Unsecured debt    
Debt Instrument [Line Items]    
Average Rate 0.40% 0.40%
Denominated Yen    
Debt Instrument [Line Items]    
Unsecured debt $ 677 $ 767
v3.24.0.1
Short-term Borrowings and Long-term Debt - Schedule of Debt Maturities (Details) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Debt Instrument [Line Items]    
2025 $ 3,447 $ 4,191
Total debt 39,579 $ 38,840
Unsecured debt    
Debt Instrument [Line Items]    
2025 3,447  
2026 2,600  
2027 3,483  
2028 1,760  
2029 3,458  
Thereafter 24,831  
Total debt $ 39,579  
v3.24.0.1
Short-term Borrowings and Long-term Debt - Significant Long-term Debt Issued (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Apr. 18, 2023
Sep. 09, 2022
Debt Instrument [Line Items]          
Proceeds from issuance of long-term debt $ 4,967 $ 5,041 $ 6,945    
Senior Unsecured Notes          
Debt Instrument [Line Items]          
Proceeds from issuance of long-term debt 4,967 4,969      
4.000% Debt, Due 2026 | Senior Unsecured Notes          
Debt Instrument [Line Items]          
Principal Amount       $ 750  
Interest Rate       4.00%  
Proceeds from issuance of long-term debt 748        
3.900% Debt, Due 2028 | Senior Unsecured Notes          
Debt Instrument [Line Items]          
Principal Amount       $ 750  
Interest Rate       3.90%  
Proceeds from issuance of long-term debt 746        
4.000% Debt, Due 2030 | Senior Unsecured Notes          
Debt Instrument [Line Items]          
Principal Amount       $ 500  
Interest Rate       4.00%  
Proceeds from issuance of long-term debt 497        
4.100% Debt, Due 2033 | Senior Unsecured Notes          
Debt Instrument [Line Items]          
Principal Amount       $ 1,500  
Interest Rate       4.10%  
Proceeds from issuance of long-term debt 1,491        
4.500% Debt, Due 2053 | Senior Unsecured Notes          
Debt Instrument [Line Items]          
Principal Amount       $ 1,500  
Interest Rate       4.50%  
Proceeds from issuance of long-term debt $ 1,485        
3.900% Debt, Due 2025 | Senior Unsecured Notes          
Debt Instrument [Line Items]          
Principal Amount         $ 1,750
Interest Rate         3.90%
Proceeds from issuance of long-term debt   1,744      
3.950% Debt, Due 2027 | Senior Unsecured Notes          
Debt Instrument [Line Items]          
Principal Amount         $ 1,000
Interest Rate         3.95%
Proceeds from issuance of long-term debt   994      
4.150% Debt, Due 2032 | Senior Unsecured Notes          
Debt Instrument [Line Items]          
Principal Amount         $ 1,250
Interest Rate         4.15%
Proceeds from issuance of long-term debt   1,239      
4.500% Debt, Due 2052 | Senior Unsecured Notes          
Debt Instrument [Line Items]          
Principal Amount         $ 1,000
Interest Rate         4.50%
Proceeds from issuance of long-term debt   $ 992      
v3.24.0.1
Short-term Borrowings and Long-term Debt - Schedule of Significant Debt Repayments (Details)
€ in Millions, ¥ in Millions, $ in Millions
 12 Months Ended
Jan. 31, 2024
USD ($)
Jan. 31, 2023
USD ($)
Jun. 26, 2023
USD ($)
Apr. 11, 2023
USD ($)
Dec. 15, 2022
USD ($)
Jul. 15, 2022
JPY (¥)
Apr. 08, 2022
EUR (€)
Debt Instrument [Line Items]              
Significant repayments of long-term debt $ 4,030 $ 2,689          
2.550% Debt, Due 2023 | Unsecured debt              
Debt Instrument [Line Items]              
Principal Amount       $ 1,750      
Interest Rate       2.55%      
Significant repayments of long-term debt 1,750            
3.400% Debt, Due 2023 | Unsecured debt              
Debt Instrument [Line Items]              
Principal Amount     $ 2,280        
Interest Rate     3.40%        
Significant repayments of long-term debt $ 2,280            
1.900% Debt, Due 2022 | Unsecured debt              
Debt Instrument [Line Items]              
Principal Amount | €             € 850
Interest Rate             1.90%
Significant repayments of long-term debt   927          
0.183% Debt, Due 2022 | Unsecured debt              
Debt Instrument [Line Items]              
Principal Amount | ¥           ¥ 70,000  
Interest Rate           0.183%  
Significant repayments of long-term debt   512          
2.350% Debt, Due 2022 | Unsecured debt              
Debt Instrument [Line Items]              
Principal Amount         $ 1,250    
Interest Rate         2.35%    
Significant repayments of long-term debt   $ 1,250          
v3.24.0.1
Leases - Leases Cost (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Leases [Abstract]      
Operating lease cost $ 2,277 $ 2,306 $ 2,274
Amortization of right-of-use assets 755 596 565
Interest on lease obligations 326 256 232
Variable lease cost $ 1,082 $ 899 $ 823
v3.24.0.1
Leases - Schedule of Other Information Relating to Lease Liabilities (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Leases [Abstract]      
Operating cash flows from operating leases $ 2,273 $ 2,280 $ 2,234
Operating cash flows from finance leases 315 248 225
Financing cash flows from finance leases 1,055 563 538
Assets obtained in exchange for operating lease obligations 1,514 1,714 1,816
Assets obtained in exchange for finance lease obligations $ 1,572 $ 1,226 $ 1,044
Weighted-average remaining lease term - operating leases 11 years 8 months 12 days 12 years  
Weighted-average remaining lease term - finance leases 12 years 4 months 24 days 13 years 3 months 18 days  
Weighted-average discount rate - operating leases 6.40% 6.00%  
Weighted-average discount rate - finance leases 6.80% 6.50%  
v3.24.0.1
Leases - Lessee Liability Maturity (Details)
$ in Millions
Jan. 31, 2024
USD ($)
Operating Leases  
2025 $ 2,181
2026 2,107
2027 1,970
2028 1,815
2029 1,645
Thereafter 11,295
Total undiscounted lease obligations 21,013
Less imputed interest (6,583)
Net lease obligations - operating 14,430
Finance Leases  
2025 1,071
2026 1,000
2027 926
2028 823
2029 636
Thereafter 5,850
Total undiscounted lease obligations 10,306
Less imputed interest (3,872)
Net lease obligations - financing $ 6,434
v3.24.0.1
Fair Value Measurements - Recurring and Nonrecurring (Details) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Debt and Equity Securities, FV-NI [Line Items]    
Equity investments $ 7,249 $ 10,669
Equity investments measured using Level 1 inputs | Recurring    
Debt and Equity Securities, FV-NI [Line Items]    
Equity investments 2,835 5,099
Equity investments measured using Level 2 inputs | Recurring    
Debt and Equity Securities, FV-NI [Line Items]    
Equity investments $ 4,414 $ 5,570
v3.24.0.1
Fair Value Measurements - Notional Amounts and Fair Values of Interest Rate Swaps (Details) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Notional Amount $ 12,150 $ 13,921
Fair Value Hedging | Interest Rate Swap    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Notional Amount 6,271 8,021
Cash Flow Hedging | Cross-currency interest rate swaps    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Notional Amount 5,879 5,900
Recurring | Equity investments measured using Level 2 inputs    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value (1,956) (2,112)
Recurring | Fair Value Hedging | Interest Rate Swap | Equity investments measured using Level 2 inputs    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value (654) (689)
Recurring | Cash Flow Hedging | Cross-currency interest rate swaps | Equity investments measured using Level 2 inputs    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value $ (1,302) $ (1,423)
v3.24.0.1
Fair Value Measurements - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Apr. 30, 2021
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Equity and other securities, changes in fair value   $ (3,400) $ (1,200)  
Losses on disposal of business operations   $ 0 $ 0 $ 433
Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Losses on disposal of business operations $ (400)      
v3.24.0.1
Fair Value Measurements - Carrying Value and Fair Value of Long-Term Debt (Details) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Carrying Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term debt, including amounts due within one year $ 39,579 $ 38,840
Equity investments measured using Level 2 inputs | Fair Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-term debt, including amounts due within one year $ 38,431 $ 38,169
v3.24.0.1
Taxes - Schedule of Income Before Income Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Income Tax Disclosure [Abstract]      
U.S. $ 20,092 $ 15,089 $ 15,536
Non-U.S. 1,756 1,927 3,160
Income before income taxes $ 21,848 $ 17,016 $ 18,696
v3.24.0.1
Taxes - Schedule of Income Tax Provision (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Current:      
U.S. federal $ 3,215 $ 2,030 $ 3,313
U.S. state and local 762 610 649
International 1,772 2,654 1,553
Total current tax provision 5,749 5,294 5,515
Deferred:      
U.S. federal (438) 608 (671)
U.S. state and local 141 119 41
International 126 (297) (129)
Total deferred tax expense (benefit) (171) 430 (759)
Total provision for income taxes $ 5,578 $ 5,724 $ 4,756
v3.24.0.1
Taxes - Narrative (Details) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Jan. 31, 2021
Taxes [Line Items]        
Deferred tax liability $ 1,000      
Operating loss and capital loss carryforwards 30,300      
Valuation allowances 7,485 $ 7,815    
Unrecognized tax benefits 3,540 3,307 $ 3,245 $ 3,135
Unrecognized tax benefits that would impact effective tax rate 1,700 $ 1,500    
Operating loss and capital loss carryforward expiring by 2044        
Taxes [Line Items]        
Operating loss and capital loss carryforwards $ 16,500      
v3.24.0.1
Taxes - Schedule of Income Tax Rate (Details)
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Income Tax Disclosure [Abstract]      
U.S. statutory tax rate 21.00% 21.00% 21.00%
U.S. state income taxes, net of federal income tax benefit 3.00% 3.10% 2.80%
Income taxed outside the U.S. 0.10% 1.10% (1.50%)
Separation, disposal and wind-down of certain business operations 0.00% 6.30% 0.50%
Valuation allowance 1.20% 1.70% 4.40%
Net impact of repatriated international earnings (0.40%) (0.40%) (0.30%)
Federal tax credits (1.50%) (1.30%) (1.10%)
Change in unrecognized tax benefits 0.60% 0.30% 0.20%
Other, net 1.50% 1.80% (0.60%)
Effective income tax rate 25.50% 33.60% 25.40%
v3.24.0.1
Taxes - Schedule of Deferred Tax Balances (Details) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Deferred tax assets:    
Loss and tax credit carryforwards $ 7,136 $ 7,690
Accrued liabilities 3,066 3,312
Share-based compensation 238 237
Lease obligations 4,831 4,653
Other 1,124 839
Total deferred tax assets 16,395 16,731
Valuation allowances (7,485) (7,815)
Deferred tax assets, net of valuation allowances 8,910 8,916
Deferred tax liabilities:    
Property and equipment 4,813 4,352
Acquired intangibles 898 932
Inventory 3,035 3,032
Lease right of use assets 4,941 4,727
Mark-to-market investments 322 1,390
Other 486 249
Total deferred tax liabilities 14,495 14,682
Net deferred tax liabilities $ 5,585 $ 5,766
v3.24.0.1
Taxes - Schedule of Deferred Tax Classification in the Balance Sheet (Details) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Liabilities:    
Net deferred tax liabilities $ 5,585 $ 5,766
Other long-term assets    
Assets:    
Other long-term assets 1,663 1,503
Deferred income taxes and other    
Liabilities:    
Net deferred tax liabilities $ 7,248 $ 7,269
v3.24.0.1
Taxes - Reconciliation of Unrecognized Tax Benefits from Continuing Operations (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Reconciliation of Unrecognized Tax Benefits      
Gross unrecognized tax benefits, beginning of year $ 3,307 $ 3,245 $ 3,135
Increases related to prior year tax positions 336 79 170
Decreases related to prior year tax positions (74) (248) (97)
Increases related to current year tax positions 102 357 75
Settlements during the period (102) (89) (5)
Lapse in statutes of limitations (29) (37) (33)
Gross unrecognized tax benefits, end of year $ 3,540 $ 3,307 $ 3,245
v3.24.0.1
Contingencies (Details)
$ in Millions
Jan. 31, 2024
USD ($)
order
shareholder
classAction
singleCountyCase
securitiesClassAction
Nov. 15, 2022
USD ($)
Aug. 17, 2022
USD ($)
defendant
Oct. 25, 2023
case
Jan. 31, 2023
USD ($)
Dec. 20, 2022
state
Oct. 31, 2022
USD ($)
Sep. 27, 2021
shareholder
Loss Contingencies [Line Items]                
Loss contingency, accrued liabilities $ 0       $ 2,949      
Number of single-county cases | singleCountyCase 5              
Number of cases brought by third-party payers | case       4        
Opioids Litigation                
Loss Contingencies [Line Items]                
Loss contingency, accrued liabilities             $ 3,300  
Amount awarded to other party   $ 3,100            
Loss contingency, damages paid, amount $ 3,300              
Number of days following a satisfied condition from a settlement administrator 15 days              
Number of states with settlement agreements | state           50    
Number of securities class actions | securitiesClassAction 2              
Number of shareholders that filed derivative actions | shareholder 2             3
Number of orders issued | order 2              
Opioids Litigation | Judicial Ruling                
Loss Contingencies [Line Items]                
Loss contingency, number of defendants | defendant     3          
Loss contingency, damages awarded, value     $ 700          
Loss contingency, damages awarded, period     15 years          
Canada Opioids Class Action Complaints                
Loss Contingencies [Line Items]                
Number of putative class actions | classAction 2              
v3.24.0.1
Retirement-Related Benefits - Narrative (Details)
 12 Months Ended
Jan. 31, 2024
Contribution expense from retirement plans [Line Items]  
Defined contribution plan, employer matching contribution, percent of match 100.00%
Defined contribution plan, employer matching contribution, percent of employees' gross pay 6.00%
Vesting percentage of matching contribution to eligible associates 100.00%
Defined contribution plan, maximum annual contributions per employee, percent 50.00%
PUERTO RICO  
Contribution expense from retirement plans [Line Items]  
Defined contribution plan, requisite service period for eligibility (in years) 1 year
v3.24.0.1
Retirement-Related Benefits - Schedule of Contribution Expense Related to Defined Contribution Plans (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Contribution expense from retirement plans [Line Items]      
Total contribution expense for defined contribution plans $ 1,613 $ 1,565 $ 1,480
U.S.      
Contribution expense from retirement plans [Line Items]      
Total contribution expense for defined contribution plans 1,528 1,491 1,441
International      
Contribution expense from retirement plans [Line Items]      
Total contribution expense for defined contribution plans $ 85 $ 74 $ 39
v3.24.0.1
Disposals, Acquisitions and Related Items (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Mar. 31, 2021
Feb. 28, 2021
Business Acquisition [Line Items]          
Losses on disposal of business operations $ 0 $ 0 $ 433    
Seiyu          
Business Acquisition [Line Items]          
Ownership interest in investment     15.00%    
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Asda          
Business Acquisition [Line Items]          
Disposal group, consideration         $ 9,600
Losses on disposal of business operations     $ 200    
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Seiyu          
Business Acquisition [Line Items]          
Losses on disposal of business operations     $ 200    
Disposal Group, Held-for-sale, Not Discontinued Operations | Seiyu          
Business Acquisition [Line Items]          
Disposal group, consideration       $ 1,200  
v3.24.0.1
Segments and Disaggregated Revenue - Narrative (Details)
 12 Months Ended
Jan. 31, 2024
segment
Segment Reporting Information, Profit (Loss) [Abstract]  
Number of reportable segments 3
v3.24.0.1
Segments and Disaggregated Revenue - Schedule of Segment Reporting Information by Segment (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Segment Reporting Information [Line Items]      
Net sales $ 642,637 $ 605,881 $ 567,762
Operating income (loss) 27,012 20,428 25,942
Interest, net (2,137) (1,874) (1,836)
Loss on extinguishment of debt 0 0 (2,410)
Other gains and (losses) (3,027) (1,538) (3,000)
Income before income taxes 21,848 17,016 18,696
Total assets 252,399 243,197 244,860
Depreciation and amortization 11,853 10,945 10,658
Capital expenditures 20,606 16,857 13,106
Walmart U.S.      
Segment Reporting Information [Line Items]      
Net sales 441,817 420,553 393,247
Operating income (loss) 22,154 20,620 21,587
Total assets 137,782 130,659 125,044
Depreciation and amortization 7,671 7,054 6,773
Capital expenditures 13,877 11,425 8,475
Walmart International      
Segment Reporting Information [Line Items]      
Net sales 114,641 100,983 100,959
Operating income (loss) 4,909 2,965 3,758
Total assets 86,136 86,766 91,403
Depreciation and amortization 2,159 1,964 1,963
Capital expenditures 2,911 2,625 2,497
Sam's Club      
Segment Reporting Information [Line Items]      
Net sales 86,179 84,345 73,556
Operating income (loss) 2,192 1,964 2,259
Total assets 15,682 15,490 14,678
Depreciation and amortization 642 609 601
Capital expenditures 1,041 727 622
Corporate and support      
Segment Reporting Information [Line Items]      
Net sales 0 0 0
Operating income (loss) (2,243) (5,121) (1,662)
Total assets 12,799 10,282 13,735
Depreciation and amortization 1,381 1,318 1,321
Capital expenditures $ 2,777 $ 2,080 $ 1,512
v3.24.0.1
Segments and Disaggregated Revenue - Segment Revenues and Long-Lived Assets (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total revenues $ 648,125 $ 611,289 $ 572,754
Total long-lived assets 130,338 119,234 112,624
U.S.      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total revenues 532,076 508,685 470,295
Total long-lived assets 104,480 95,567 89,795
Walmart International      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total revenues 116,049 102,604 102,459
Total long-lived assets $ 25,858 $ 23,667 $ 22,829
v3.24.0.1
Segments and Disaggregated Revenue - Revenue from Contract with Customer Excluding Assessed Tax Walmart U.S (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Revenue from External Customer [Line Items]      
Net sales $ 642,637 $ 605,881 $ 567,762
Walmart U.S.      
Revenue from External Customer [Line Items]      
Net sales 441,817 420,553 393,247
Walmart U.S. | E Commerce      
Revenue from External Customer [Line Items]      
Net sales 65,400 53,400 47,800
Grocery | Walmart U.S.      
Revenue from External Customer [Line Items]      
Net sales 264,210 247,299 218,944
General merchandise | Walmart U.S.      
Revenue from External Customer [Line Items]      
Net sales 113,985 118,597 125,876
Health and wellness | Walmart U.S.      
Revenue from External Customer [Line Items]      
Net sales 54,898 46,591 42,839
Other categories | Walmart U.S.      
Revenue from External Customer [Line Items]      
Net sales $ 8,724 $ 8,066 $ 5,588
v3.24.0.1
Segments and Disaggregated Revenue - Revenue from Contract with Customer Excluding Assessed Tax, International (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Revenue from External Customer [Line Items]      
Net sales $ 642,637 $ 605,881 $ 567,762
Walmart International      
Revenue from External Customer [Line Items]      
Net sales 114,641 100,983 100,959
Walmart International | E Commerce      
Revenue from External Customer [Line Items]      
Net sales 24,800 20,300 18,500
Mexico and Central America | Walmart International      
Revenue from External Customer [Line Items]      
Net sales 49,726 40,496 35,964
Canada | Walmart International      
Revenue from External Customer [Line Items]      
Net sales 22,639 22,300 21,773
China | Walmart International      
Revenue from External Customer [Line Items]      
Net sales 17,011 14,711 13,852
United Kingdom | Walmart International      
Revenue from External Customer [Line Items]      
Net sales 0 0 3,811
Other | Walmart International      
Revenue from External Customer [Line Items]      
Net sales $ 25,265 $ 23,476 $ 25,559
v3.24.0.1
Segments and Disaggregated Revenue - Revenue from Contract with Customer Excluding Assessed Tax, Sam's Club (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Revenue from External Customer [Line Items]      
Net sales $ 642,637 $ 605,881 $ 567,762
Sam's Club      
Revenue from External Customer [Line Items]      
Net sales 86,179 84,345 73,556
Sam's Club | E Commerce      
Revenue from External Customer [Line Items]      
Net sales 9,900 8,400 6,900
Grocery and consumables | Sam's Club      
Revenue from External Customer [Line Items]      
Net sales 56,449 53,027 46,822
Fuel, tobacco and other categories | Sam's Club      
Revenue from External Customer [Line Items]      
Net sales 12,854 14,636 10,751
Home and apparel | Sam's Club      
Revenue from External Customer [Line Items]      
Net sales 9,263 9,579 9,037
Health and wellness | Sam's Club      
Revenue from External Customer [Line Items]      
Net sales 5,005 4,248 3,956
Technology, office and entertainment | Sam's Club      
Revenue from External Customer [Line Items]      
Net sales $ 2,608 $ 2,855 $ 2,990
v3.24.0.1
Subsequent Event (Details) - $ / shares
 12 Months Ended
Feb. 20, 2024
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Subsequent Event [Line Items]        
Dividends declared per common share (in USD per share)   $ 0.7600 $ 0.7467 $ 0.7333
Subsequent Event        
Subsequent Event [Line Items]        
Dividends declared per common share (in USD per share) $ 0.83      
Common stock, quarterly dividends, per share, declared (in USD per share) $ 0.2075