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• | insurance companies resulting from pharmacy sales; |
• | banks for customer credit and debit cards and electronic bank transfers that take in excess of seven days to process; |
• | consumer financing programs in certain international operations; |
• | suppliers for marketing or incentive programs; and |
• | real estate transactions. |
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(Amounts in millions and net of income taxes) | Currency Translation and Other | Unrealized Gain on Available-for-Sale Securities | Net Investment Hedges | Cash Flow Hedges | Minimum Pension Liability | Total | ||||||||||||||||||
Balances as of February 1, 2017 | $ | (14,507 | ) | $ | 145 | $ | 1,435 | $ | (315 | ) | $ | (990 | ) | $ | (14,232 | ) | ||||||||
Other comprehensive income (loss) before reclassifications, net(1) | 1,898 | 1,208 | (149 | ) | 128 | 3 | 3,088 | |||||||||||||||||
Amounts reclassified from accumulated other comprehensive loss, net(1) | — | — | — | 15 | 29 | 44 | ||||||||||||||||||
Balances as of July 31, 2017 | $ | (12,609 | ) | $ | 1,353 | $ | 1,286 | $ | (172 | ) | $ | (958 | ) | $ | (11,100 | ) |
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(Amounts in millions) | Long-term debt due within one year | Long-term debt | Total | |||||||||
Balances as of February 1, 2017 | $ | 2,256 | $ | 36,015 | $ | 38,271 | ||||||
Proceeds from long-term debt | — | 1,503 | 1,503 | |||||||||
Repayments of long-term debt(1) | (1,526 | ) | (1,875 | ) | (3,401 | ) | ||||||
Reclassifications of long-term debt | 2,500 | (2,500 | ) | — | ||||||||
Other | 24 | 563 | 587 | |||||||||
Balances as of July 31, 2017 | $ | 3,254 | $ | 33,706 | $ | 36,960 |
(Amounts in millions) | ||||||||||||
Issue Date | Principal Amount | Maturity Date | Fixed vs. Floating | Interest Rate | Proceeds | |||||||
July 18, 2017 | 70,000 JPY | July 15, 2022 | Fixed | 0.183% | $ | 619 | ||||||
July 18, 2017 | 40,000 JPY | July 18, 2024 | Fixed | 0.298% | 354 | |||||||
July 18, 2017 | 60,000 JPY | July 16, 2027 | Fixed | 0.520% | 530 | |||||||
Total | $ | 1,503 |
(Amounts in millions) | ||||||||||
Maturity Date | Principal Amount | Fixed vs. Floating | Interest Rate | Repayment(1) | ||||||
April 5, 2017 | 1,000 USD | Fixed | 5.375% | $ | 1,000 | |||||
April 21, 2017 | 500 USD | Fixed | 1.000% | 500 | ||||||
Total repayment of matured debt | 1,500 | |||||||||
August 15, 2037 | 3,000 USD | Fixed | 6.500% | 1,238 | ||||||
April 15, 2038 | 2,000 USD | Fixed | 6.200% | 178 | ||||||
January 19, 2039 | 1,000 GBP | Fixed | 4.875% | 459 | ||||||
Total repayment of extinguished debt | 1,875 | |||||||||
Total | $ | 3,375 |
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• | Level 1: observable inputs such as quoted prices in active markets; |
• | Level 2: inputs other than quoted prices in active markets that are either directly or indirectly observable; and |
• | Level 3: unobservable inputs for which little or no market data exists, therefore requiring the Company to develop its own assumptions. |
July 31, 2017 | January 31, 2017 | ||||||||||||||
(Amounts in millions) | Notional Amount | Fair Value | Notional Amount | Fair Value | |||||||||||
Receive fixed-rate, pay variable-rate interest rate swaps designated as fair value hedges | $ | 5,000 | $ | 27 | $ | 5,000 | $ | (4 | ) | ||||||
Receive fixed-rate, pay fixed-rate cross-currency swaps designated as net investment hedges | 2,250 | 390 | 2,250 | 471 | |||||||||||
Receive fixed-rate, pay fixed-rate cross-currency swaps designated as cash flow hedges | 4,282 | (269 | ) | 3,957 | (618 | ) | |||||||||
Total | $ | 11,532 | $ | 148 | $ | 11,207 | $ | (151 | ) |
July 31, 2017 | January 31, 2017 | |||||||||||||||
(Amounts in millions) | Cost Basis | Fair Value | Cost Basis | Fair Value | ||||||||||||
Available-for-sale securities | $ | 1,901 | $ | 3,254 | $ | 1,901 | $ | 2,046 |
July 31, 2017 | January 31, 2017 | |||||||||||||||
(Amounts in millions) | Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||
Long-term debt, including amounts due within one year | $ | 36,960 | $ | 44,000 | $ | 38,271 | $ | 44,602 |
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July 31, 2017 | January 31, 2017 | ||||||||||||||||||||||
(Amounts in millions) | Fair Value Instruments | Net Investment Instruments | Cash Flow Instruments | Fair Value Instruments | Net Investment Instruments | Cash Flow Instruments | |||||||||||||||||
Derivative instruments | |||||||||||||||||||||||
Derivative assets: | |||||||||||||||||||||||
Other assets and deferred charges | $ | 30 | $ | 390 | $ | 79 | $ | 8 | $ | 471 | $ | — | |||||||||||
Derivative liabilities: | |||||||||||||||||||||||
Deferred income taxes and other | 3 | — | 348 | 12 | — | 618 | |||||||||||||||||
Nonderivative hedging instruments | |||||||||||||||||||||||
Long-term debt | — | 4,444 | — | — | 3,209 | — |
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Record Date | Payable Date | |
March 10, 2017 | April 3, 2017 | |
May 12, 2017 | June 5, 2017 | |
August 11, 2017 | September 5, 2017 | |
December 8, 2017 | January 2, 2018 |
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Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||
(Amounts in millions) | 2017 | 2016 | 2017 | 2016 | ||||||||||||
Ongoing inquiries and investigations | $ | 7 | $ | 23 | $ | 20 | $ | 44 | ||||||||
Global compliance program and organizational enhancements | 5 | 5 | 8 | 9 | ||||||||||||
Total | $ | 12 | $ | 28 | $ | 28 | $ | 53 |
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Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||
(Amounts in millions) | 2017 | 2016 | 2017 | 2016 | ||||||||||||
Net sales: | ||||||||||||||||
Walmart U.S. | $ | 78,738 | $ | 76,241 | $ | 154,174 | $ | 149,536 | ||||||||
Walmart International | 28,331 | 28,621 | 55,428 | 56,704 | ||||||||||||
Sam's Club | 14,880 | 14,543 | 28,873 | 28,151 | ||||||||||||
Net sales | $ | 121,949 | $ | 119,405 | $ | 238,475 | $ | 234,391 |
Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||
(Amounts in millions) | 2017 | 2016 | 2017 | 2016 | ||||||||||||
Operating income (loss): | ||||||||||||||||
Walmart U.S. | $ | 4,618 | $ | 4,519 | $ | 8,887 | $ | 8,751 | ||||||||
Walmart International | 1,592 | 1,727 | 2,755 | 2,891 | ||||||||||||
Sam's Club | 404 | 472 | 818 | 885 | ||||||||||||
Corporate and support | (645 | ) | (553 | ) | (1,254 | ) | (1,087 | ) | ||||||||
Operating income | 5,969 | 6,165 | 11,206 | 11,440 | ||||||||||||
Interest, net | 575 | 566 | 1,138 | 1,127 | ||||||||||||
Loss on extinguishment of debt | 788 | — | 788 | — | ||||||||||||
Income before income taxes | $ | 4,606 | $ | 5,599 | $ | 9,280 | $ | 10,313 |
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• | insurance companies resulting from pharmacy sales; |
• | banks for customer credit and debit cards and electronic bank transfers that take in excess of seven days to process; |
• | consumer financing programs in certain international operations; |
• | suppliers for marketing or incentive programs; and |
• | real estate transactions. |
|
(Amounts in millions and net of income taxes) | Currency Translation and Other | Unrealized Gain on Available-for-Sale Securities | Net Investment Hedges | Cash Flow Hedges | Minimum Pension Liability | Total | ||||||||||||||||||
Balances as of February 1, 2017 | $ | (14,507 | ) | $ | 145 | $ | 1,435 | $ | (315 | ) | $ | (990 | ) | $ | (14,232 | ) | ||||||||
Other comprehensive income (loss) before reclassifications, net(1) | 1,898 | 1,208 | (149 | ) | 128 | 3 | 3,088 | |||||||||||||||||
Amounts reclassified from accumulated other comprehensive loss, net(1) | — | — | — | 15 | 29 | 44 | ||||||||||||||||||
Balances as of July 31, 2017 | $ | (12,609 | ) | $ | 1,353 | $ | 1,286 | $ | (172 | ) | $ | (958 | ) | $ | (11,100 | ) |
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(Amounts in millions) | Long-term debt due within one year | Long-term debt | Total | |||||||||
Balances as of February 1, 2017 | $ | 2,256 | $ | 36,015 | $ | 38,271 | ||||||
Proceeds from long-term debt | — | 1,503 | 1,503 | |||||||||
Repayments of long-term debt(1) | (1,526 | ) | (1,875 | ) | (3,401 | ) | ||||||
Reclassifications of long-term debt | 2,500 | (2,500 | ) | — | ||||||||
Other | 24 | 563 | 587 | |||||||||
Balances as of July 31, 2017 | $ | 3,254 | $ | 33,706 | $ | 36,960 |
(Amounts in millions) | ||||||||||||
Issue Date | Principal Amount | Maturity Date | Fixed vs. Floating | Interest Rate | Proceeds | |||||||
July 18, 2017 | 70,000 JPY | July 15, 2022 | Fixed | 0.183% | $ | 619 | ||||||
July 18, 2017 | 40,000 JPY | July 18, 2024 | Fixed | 0.298% | 354 | |||||||
July 18, 2017 | 60,000 JPY | July 16, 2027 | Fixed | 0.520% | 530 | |||||||
Total | $ | 1,503 |
(Amounts in millions) | ||||||||||
Maturity Date | Principal Amount | Fixed vs. Floating | Interest Rate | Repayment(1) | ||||||
April 5, 2017 | 1,000 USD | Fixed | 5.375% | $ | 1,000 | |||||
April 21, 2017 | 500 USD | Fixed | 1.000% | 500 | ||||||
Total repayment of matured debt | 1,500 | |||||||||
August 15, 2037 | 3,000 USD | Fixed | 6.500% | 1,238 | ||||||
April 15, 2038 | 2,000 USD | Fixed | 6.200% | 178 | ||||||
January 19, 2039 | 1,000 GBP | Fixed | 4.875% | 459 | ||||||
Total repayment of extinguished debt | 1,875 | |||||||||
Total | $ | 3,375 |
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July 31, 2017 | January 31, 2017 | ||||||||||||||
(Amounts in millions) | Notional Amount | Fair Value | Notional Amount | Fair Value | |||||||||||
Receive fixed-rate, pay variable-rate interest rate swaps designated as fair value hedges | $ | 5,000 | $ | 27 | $ | 5,000 | $ | (4 | ) | ||||||
Receive fixed-rate, pay fixed-rate cross-currency swaps designated as net investment hedges | 2,250 | 390 | 2,250 | 471 | |||||||||||
Receive fixed-rate, pay fixed-rate cross-currency swaps designated as cash flow hedges | 4,282 | (269 | ) | 3,957 | (618 | ) | |||||||||
Total | $ | 11,532 | $ | 148 | $ | 11,207 | $ | (151 | ) |
July 31, 2017 | January 31, 2017 | |||||||||||||||
(Amounts in millions) | Cost Basis | Fair Value | Cost Basis | Fair Value | ||||||||||||
Available-for-sale securities | $ | 1,901 | $ | 3,254 | $ | 1,901 | $ | 2,046 |
July 31, 2017 | January 31, 2017 | |||||||||||||||
(Amounts in millions) | Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||
Long-term debt, including amounts due within one year | $ | 36,960 | $ | 44,000 | $ | 38,271 | $ | 44,602 |
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July 31, 2017 | January 31, 2017 | ||||||||||||||||||||||
(Amounts in millions) | Fair Value Instruments | Net Investment Instruments | Cash Flow Instruments | Fair Value Instruments | Net Investment Instruments | Cash Flow Instruments | |||||||||||||||||
Derivative instruments | |||||||||||||||||||||||
Derivative assets: | |||||||||||||||||||||||
Other assets and deferred charges | $ | 30 | $ | 390 | $ | 79 | $ | 8 | $ | 471 | $ | — | |||||||||||
Derivative liabilities: | |||||||||||||||||||||||
Deferred income taxes and other | 3 | — | 348 | 12 | — | 618 | |||||||||||||||||
Nonderivative hedging instruments | |||||||||||||||||||||||
Long-term debt | — | 4,444 | — | — | 3,209 | — |
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Record Date | Payable Date | |
March 10, 2017 | April 3, 2017 | |
May 12, 2017 | June 5, 2017 | |
August 11, 2017 | September 5, 2017 | |
December 8, 2017 | January 2, 2018 |
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Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||
(Amounts in millions) | 2017 | 2016 | 2017 | 2016 | ||||||||||||
Ongoing inquiries and investigations | $ | 7 | $ | 23 | $ | 20 | $ | 44 | ||||||||
Global compliance program and organizational enhancements | 5 | 5 | 8 | 9 | ||||||||||||
Total | $ | 12 | $ | 28 | $ | 28 | $ | 53 |
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Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||
(Amounts in millions) | 2017 | 2016 | 2017 | 2016 | ||||||||||||
Net sales: | ||||||||||||||||
Walmart U.S. | $ | 78,738 | $ | 76,241 | $ | 154,174 | $ | 149,536 | ||||||||
Walmart International | 28,331 | 28,621 | 55,428 | 56,704 | ||||||||||||
Sam's Club | 14,880 | 14,543 | 28,873 | 28,151 | ||||||||||||
Net sales | $ | 121,949 | $ | 119,405 | $ | 238,475 | $ | 234,391 |
Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||
(Amounts in millions) | 2017 | 2016 | 2017 | 2016 | ||||||||||||
Operating income (loss): | ||||||||||||||||
Walmart U.S. | $ | 4,618 | $ | 4,519 | $ | 8,887 | $ | 8,751 | ||||||||
Walmart International | 1,592 | 1,727 | 2,755 | 2,891 | ||||||||||||
Sam's Club | 404 | 472 | 818 | 885 | ||||||||||||
Corporate and support | (645 | ) | (553 | ) | (1,254 | ) | (1,087 | ) | ||||||||
Operating income | 5,969 | 6,165 | 11,206 | 11,440 | ||||||||||||
Interest, net | 575 | 566 | 1,138 | 1,127 | ||||||||||||
Loss on extinguishment of debt | 788 | — | 788 | — | ||||||||||||
Income before income taxes | $ | 4,606 | $ | 5,599 | $ | 9,280 | $ | 10,313 |
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