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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) | 877 | 481 | (113 | ) | 21 | 7 | 1,273 | |||||||||||||||||
Amounts reclassified from accumulated other comprehensive loss, net(1) | — | — | — | 7 | (2 | ) | 5 | |||||||||||||||||
Balances as of April 30, 2017 | $ | (13,630 | ) | $ | 626 | $ | 1,322 | $ | (287 | ) | $ | (985 | ) | $ | (12,954 | ) |
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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 | — | — | — | |||||||||
Repayments of long-term debt | (1,513 | ) | — | (1,513 | ) | |||||||
Reclassifications of long-term debt | 2,500 | (2,500 | ) | — | ||||||||
Other | 13 | 259 | 272 | |||||||||
Balances as of April 30, 2017 | $ | 3,256 | $ | 33,774 | $ | 37,030 |
(Amounts in millions) | ||||||||||
Maturity Date | Principal Amount | Fixed vs. Floating | Interest Rate | Repayment | ||||||
April 5, 2017 | 1,000 USD | Fixed | 5.375% | $ | 1,000 | |||||
April 21, 2017 | 500 USD | Fixed | 1.000% | 500 | ||||||
$ | 1,500 |
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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. |
April 30, 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 | $ | 16 | $ | 5,000 | $ | (4 | ) | ||||||
Receive fixed-rate, pay fixed-rate cross-currency swaps designated as net investment hedges | 2,250 | 395 | 2,250 | 471 | |||||||||||
Receive fixed-rate, pay fixed-rate cross-currency swaps designated as cash flow hedges | 4,019 | (524 | ) | 3,957 | (618 | ) | |||||||||
Total | $ | 11,269 | $ | (113 | ) | $ | 11,207 | $ | (151 | ) |
April 30, 2017 | January 31, 2017 | |||||||||||||||
(Amounts in millions) | Cost Basis | Fair Value | Cost Basis | Fair Value | ||||||||||||
Available-for-sale securities | $ | 1,901 | $ | 2,527 | $ | 1,901 | $ | 2,046 |
April 30, 2017 | January 31, 2017 | |||||||||||||||
(Amounts in millions) | Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||
Long-term debt, including amounts due within one year | $ | 37,030 | $ | 44,058 | $ | 38,271 | $ | 44,602 |
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April 30, 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 | $ | 21 | $ | 395 | $ | 83 | $ | 8 | $ | 471 | $ | — | |||||||||||
Derivative liabilities: | |||||||||||||||||||||||
Deferred income taxes and other | 5 | — | 607 | 12 | — | 618 | |||||||||||||||||
Nonderivative hedging instruments | |||||||||||||||||||||||
Long-term debt | — | 3,328 | — | — | 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 April 30, | ||||||||
(Amounts in millions) | 2017 | 2016 | ||||||
Ongoing inquiries and investigations | $ | 13 | $ | 21 | ||||
Global compliance program and organizational enhancements | 3 | 4 | ||||||
Total | $ | 16 | $ | 25 |
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Three Months Ended April 30, | ||||||||
(Amounts in millions) | 2017 | 2016 | ||||||
Net sales: | ||||||||
Walmart U.S. | $ | 75,436 | $ | 73,295 | ||||
Walmart International | 27,097 | 28,083 | ||||||
Sam's Club | 13,993 | 13,608 | ||||||
Net sales | $ | 116,526 | $ | 114,986 |
Three Months Ended April 30, | ||||||||
(Amounts in millions) | 2017 | 2016 | ||||||
Operating income (loss): | ||||||||
Walmart U.S. | $ | 4,269 | $ | 4,232 | ||||
Walmart International | 1,163 | 1,164 | ||||||
Sam's Club | 414 | 413 | ||||||
Corporate and support | (609 | ) | (534 | ) | ||||
Operating income | 5,237 | 5,275 | ||||||
Interest, net | 563 | 561 | ||||||
Income before income taxes | $ | 4,674 | $ | 4,714 |
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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) | 877 | 481 | (113 | ) | 21 | 7 | 1,273 | |||||||||||||||||
Amounts reclassified from accumulated other comprehensive loss, net(1) | — | — | — | 7 | (2 | ) | 5 | |||||||||||||||||
Balances as of April 30, 2017 | $ | (13,630 | ) | $ | 626 | $ | 1,322 | $ | (287 | ) | $ | (985 | ) | $ | (12,954 | ) |
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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 | — | — | — | |||||||||
Repayments of long-term debt | (1,513 | ) | — | (1,513 | ) | |||||||
Reclassifications of long-term debt | 2,500 | (2,500 | ) | — | ||||||||
Other | 13 | 259 | 272 | |||||||||
Balances as of April 30, 2017 | $ | 3,256 | $ | 33,774 | $ | 37,030 |
(Amounts in millions) | ||||||||||
Maturity Date | Principal Amount | Fixed vs. Floating | Interest Rate | Repayment | ||||||
April 5, 2017 | 1,000 USD | Fixed | 5.375% | $ | 1,000 | |||||
April 21, 2017 | 500 USD | Fixed | 1.000% | 500 | ||||||
$ | 1,500 |
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April 30, 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 | $ | 16 | $ | 5,000 | $ | (4 | ) | ||||||
Receive fixed-rate, pay fixed-rate cross-currency swaps designated as net investment hedges | 2,250 | 395 | 2,250 | 471 | |||||||||||
Receive fixed-rate, pay fixed-rate cross-currency swaps designated as cash flow hedges | 4,019 | (524 | ) | 3,957 | (618 | ) | |||||||||
Total | $ | 11,269 | $ | (113 | ) | $ | 11,207 | $ | (151 | ) |
April 30, 2017 | January 31, 2017 | |||||||||||||||
(Amounts in millions) | Cost Basis | Fair Value | Cost Basis | Fair Value | ||||||||||||
Available-for-sale securities | $ | 1,901 | $ | 2,527 | $ | 1,901 | $ | 2,046 |
April 30, 2017 | January 31, 2017 | |||||||||||||||
(Amounts in millions) | Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||
Long-term debt, including amounts due within one year | $ | 37,030 | $ | 44,058 | $ | 38,271 | $ | 44,602 |
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April 30, 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 | $ | 21 | $ | 395 | $ | 83 | $ | 8 | $ | 471 | $ | — | |||||||||||
Derivative liabilities: | |||||||||||||||||||||||
Deferred income taxes and other | 5 | — | 607 | 12 | — | 618 | |||||||||||||||||
Nonderivative hedging instruments | |||||||||||||||||||||||
Long-term debt | — | 3,328 | — | — | 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 April 30, | ||||||||
(Amounts in millions) | 2017 | 2016 | ||||||
Ongoing inquiries and investigations | $ | 13 | $ | 21 | ||||
Global compliance program and organizational enhancements | 3 | 4 | ||||||
Total | $ | 16 | $ | 25 |
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Three Months Ended April 30, | ||||||||
(Amounts in millions) | 2017 | 2016 | ||||||
Net sales: | ||||||||
Walmart U.S. | $ | 75,436 | $ | 73,295 | ||||
Walmart International | 27,097 | 28,083 | ||||||
Sam's Club | 13,993 | 13,608 | ||||||
Net sales | $ | 116,526 | $ | 114,986 |
Three Months Ended April 30, | ||||||||
(Amounts in millions) | 2017 | 2016 | ||||||
Operating income (loss): | ||||||||
Walmart U.S. | $ | 4,269 | $ | 4,232 | ||||
Walmart International | 1,163 | 1,164 | ||||||
Sam's Club | 414 | 413 | ||||||
Corporate and support | (609 | ) | (534 | ) | ||||
Operating income | 5,237 | 5,275 | ||||||
Interest, net | 563 | 561 | ||||||
Income before income taxes | $ | 4,674 | $ | 4,714 |
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