Consolidated Statement Of Shareholders' Equity (Parenthetical) - $ / shares |
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Oct. 31, 2019 |
Oct. 31, 2018 |
Oct. 31, 2019 |
Oct. 31, 2018 |
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Statement of Stockholders' Equity [Abstract] | ||||
Dividends declared per common share (in dollars per share) | $ 0 | $ 0 | $ 2.12 | $ 2.08 |
Summary of Significant Accounting Policies (Notes) |
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Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basis of presentation | Summary of Significant Accounting Policies Basis of Presentation The Condensed Consolidated Financial Statements of Walmart Inc. and its subsidiaries ("Walmart" or the "Company") and the accompanying notes included in this Quarterly Report on Form 10-Q are unaudited. In the opinion of management, all adjustments necessary for the fair presentation of the Condensed Consolidated Financial Statements have been included. Such adjustments are of a normal, recurring nature. The Condensed Consolidated Financial Statements, and the accompanying notes, are prepared in accordance with generally accepted accounting principles in the United States ("GAAP") and do not contain certain information included in the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2019 ("fiscal 2019"). Therefore, the interim Condensed Consolidated Financial Statements should be read in conjunction with that Annual Report on Form 10-K. The Company's Consolidated Financial Statements are based on a fiscal year ending 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 October related to the operations consolidated using a lag that materially affected the Condensed Consolidated Financial Statements. The Company's business is seasonal to a certain extent due to calendar events and national and religious holidays, as well as weather patterns. Historically, the Company's highest sales volume and operating income have occurred in the fiscal quarter ending January 31. Restricted Cash Restricted cash not classified as part of cash and cash equivalents was $25 million and $34 million as of October 31, 2019 and January 31, 2019, respectively, and was primarily recorded in other long-term assets in the Condensed Consolidated Balance Sheets. Restricted cash not classified as part of cash and cash equivalents was $30 million and approximately $0.3 billion as of October 31, 2018 and January 31, 2018, respectively, and was primarily recorded in other long-term assets in the Condensed Consolidated Balance Sheets. Inventories At October 31, 2019 and January 31, 2019, the Company's inventories valued at LIFO approximated those inventories as if they were valued at FIFO. Leases In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which requires lease assets and liabilities to be recorded on the balance sheet. The Company adopted this ASU and related amendments as of February 1, 2019 under the modified retrospective approach and elected certain practical expedients permitted under the transition guidance, including to retain the historical lease classification as well as relief from reviewing expired or existing contracts to determine if they contain leases. For leases subject to index or rate adjustments, the most current index or rate adjustments were included in the measurement of operating lease obligations at adoption. The adoption of this ASU and related amendments resulted in a $14.8 billion increase to total assets and a $15.1 billion increase to total liabilities in the first quarter of the fiscal year ending January 31, 2020 ("fiscal 2020"). In the first quarter of fiscal 2020, the Company recognized $16.8 billion and $17.5 billion of operating lease right-of-use assets and operating lease obligations, respectively, and removed $2.2 billion and $1.7 billion, respectively, of assets and liabilities related to financial obligations connected with the construction of leased stores. Several other asset and liability line items in the Company's Condensed Consolidated Balance Sheet were also impacted by immaterial amounts. Additionally, the adoption resulted in a cumulative-effect adjustment to retained earnings of approximately $0.3 billion, net of tax, which primarily consisted of the recognition of impairment. The Company’s Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Cash Flows were immaterially impacted. Updated accounting policies as a result of the adoption of this ASU are described below. Note 10 provides additional lease disclosures. 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 minimum lease payments over the term of the lease. As the rate implicit in the Company's leases is not easily 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. Revenue Recognition Contract Balances Contract balances as a result of transactions with customers primarily consist of receivables included in receivables, net, and deferred gift card revenue included in accrued liabilities in the Company's Condensed Consolidated Balance Sheets. The following table provides the Company's receivables and deferred gift card revenue from transactions with customers:
Derivatives In fiscal 2020, the Company adopted ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. The adoption of the standard had no current or historical impact on the Company's Condensed Consolidated Financial Statements. The Company continues to use qualitative methods to assess the effectiveness of its designated hedging relationships. Upon adopting ASU 2017-12, the Company modified its existing hedge documentation to use a quantitative method for assessing effectiveness when the hedge is subsequently determined to be ineffective under the qualitative method. There were no other significant changes to the Company's accounting policies for derivatives. Recent Accounting Pronouncements Financial Instruments In June 2016, the FASB issued ASU 2016-13, Financial Instruments–Credit Losses (Topic 326), which modifies the measurement of expected credit losses of certain financial instruments. The Company will adopt this ASU on February 1, 2020. Management has substantially completed its evaluation of its existing financial instruments and does not expect the adoption of this ASU to materially impact the Company's Condensed Consolidated Financial Statements.
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Net Income (Loss) Per Common Share (Notes) |
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Earnings Per Share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) 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 anti-dilutive and not included in the calculation of diluted net income per common share attributable to Walmart for the three and nine months ended October 31, 2019 and 2018. 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:
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Accumulated Other Comprehensive Loss (Notes) |
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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 each of the three months ended April 30, 2019, July 31, 2019 and October 31, 2019, respectively:
The following table provides the changes in the composition of total accumulated other comprehensive loss for each of the three months ended April 30, 2018, July 31, 2018 and October 31, 2018, respectively:
(1) Primarily relates to the adoption of ASU 2016-01, Financial Instruments–Overall and ASU 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. Amounts reclassified from accumulated other comprehensive loss to net income for derivative instruments are recorded in interest, net, in the Company's Condensed Consolidated Statements of Income. Amounts reclassified from accumulated other comprehensive loss to net income 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 Condensed Consolidated Statements of Income.
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Short-term Borrowings and Long-term Debt (Notes) |
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Short-term Borrowings and Long-term Debt [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Disclosure [Text Block] | Short-term Borrowings and Long-term Debt The Company has various committed lines of credit in the U.S. that are used to support its commercial paper program. In total, the Company has committed lines of credit in the U.S. of $15 billion at October 31, 2019 and January 31, 2019, all undrawn. The following table provides the changes in the Company's long-term debt for the nine months ended October 31, 2019:
Debt Issuances Information on long-term debt issued during the nine months ended October 31, 2019 is as follows:
These issuances, which are used for general corporate purposes, 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. Maturities The following table provides details of debt repayments during the nine months ended October 31, 2019:
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Fair Value Measurements (Notes) |
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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:
Recurring Fair Value Measurements The Company has equity investments, primarily its investment in JD.com, Inc. ("JD"), measured at fair value on a recurring basis included in other long-term assets in the accompanying Condensed Consolidated Balance Sheet as follows:
Information for the fair value of the Company's investment in JD is as follows:
The changes in fair value for the Company's investment in JD are included in other gains and losses in the Company's Condensed Consolidated Statements of Income. The Company also holds derivative instruments. 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 yield and foreign currency forward curves. As of October 31, 2019 and January 31, 2019, the notional amounts and fair values of these derivatives were as follows:
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. The Company recorded other immaterial impairment charges to assets measured at fair value on a nonrecurring basis during the three and nine months ended October 31, 2019. As discussed in Note 8, the Company met the criteria to recognize Walmart Brazil as held for sale in the second quarter of fiscal 2019. Prior to meeting the held for sale criteria, the carrying values of the long-lived assets were concluded to be recoverable based upon cash flows expected to be generated over the assets' useful lives. When the sale of Walmart Brazil became probable, the Company reclassified the related assets and liabilities to held for sale and measured the disposal group at fair value, less costs to sell. The assets of the disposal group totaled $3.3 billion and were comprised of $1.0 billion in current assets, $1.6 billion in property and equipment and property under capital lease and financing obligations, net, and $0.7 billion of other long-term assets. These assets were fully impaired during the second quarter of fiscal 2019 as the carrying value of the disposal group exceeded the fair value, less costs to sell. The Company recorded a pre-tax net loss in the Walmart International segment of approximately $4.8 billion during the nine months ended October 31, 2018, in other gains and losses in the Company's Condensed Consolidated Statements of Income. In the third quarter of fiscal 2019, the sale was completed as discussed in Note 8. 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 October 31, 2019 and January 31, 2019, are as follows:
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Derivative Financial Instruments (Notes) |
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Summary of Derivative Instruments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative financial instruments | Derivative Financial Instruments In connection with various derivative agreements, including master netting arrangements, the Company held cash collateral from counterparties of $219 million and $220 million at October 31, 2019 and January 31, 2019, respectively. Furthermore, as part of the master netting arrangements with each of these counterparties, the Company is also required to post collateral with a counterparty if the Company's net derivative liability position exceeds $150 million with such counterparties. The Company did not have any cash collateral posted with counterparties at October 31, 2019 or January 31, 2019. At October 31, 2019 and January 31, 2019, the Company had ¥180 billion of outstanding long-term debt designated as a hedge of its net investment in Japan, as well as outstanding long-term debt of £1.7 billion at October 31, 2019 and January 31, 2019, that was designated as a hedge of its net investment in the United Kingdom. These nonderivative net investment hedges will mature on dates ranging from July 2020 to January 2039. The Company's derivative instruments, as well as its nonderivative debt instruments designated and qualifying as net investment hedges, were classified as follows in the Company's Condensed Consolidated Balance Sheets:
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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Contingencies (Notes) |
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Oct. 31, 2019 | |||||||||||||
Contingencies [Abstract] | |||||||||||||
Contingencies | Contingencies Legal Proceedings The Company is involved in a number of legal proceedings. The Company has made accruals with respect to these matters, where appropriate, which are reflected in the Company's Condensed Consolidated Financial Statements. For some matters, a liability is not probable or the amount cannot be reasonably estimated and therefore an accrual has not been made. However, where a liability is reasonably possible and may be material, such matters have been disclosed. 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 or settled by the Company, individually or in the aggregate, may result in a liability material to the Company's financial condition, results of operations or cash flows. ASDA Equal Value Claims ASDA Stores Ltd. ("Asda"), a wholly-owned subsidiary of the Company, is a defendant in over 30,000 equal value ("Equal Value") claims that began in 2008 and are proceeding before an Employment Tribunal in Manchester (the "Employment Tribunal") in the United Kingdom ("UK") on behalf of current and former Asda store employees, and further claims may be asserted in the future. The claimants allege that the work performed by female employees in Asda's retail stores is of equal value in terms of, among other things, the demands of their jobs compared to that of male employees working in Asda's warehouse and distribution facilities, and that the disparity in pay between these different job positions is not objectively justified. As a result, claimants are requesting differential back pay based on higher wage rates in the warehouse and distribution facilities and higher wage rates on a prospective basis. In March 2015, Asda asked the Employment Tribunal to stay all proceedings and to "strike out" substantially all of the claims because the claimants had not adhered to the Tribunal's procedural rule for including multiple claimants on the same claim form. Ultimately, the Court of Appeals declined to strike out any claims relying on the Employment Tribunal’s finding that claimants had not deliberately disregarded the Tribunal’s procedural rule. As to the initial phase of the Equal Value claims, in October 2016 following a preliminary hearing, the Employment Tribunal ruled that claimants could compare their positions in Asda's retail stores with those of employees in Asda's warehouse and distribution facilities. Asda appealed the ruling and the appeal is currently pending before the Supreme Court of the United Kingdom. Notwithstanding the appeal, claimants are proceeding in the next phase of their claims. That phase will determine whether the work performed by the claimants is of equal value to the work performed by employees in Asda's warehouse and distribution facilities. At present, 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 from these proceedings. Accordingly, the Company can provide no assurance as to the scope and outcomes of these matters and no assurance to whether its business, financial position, results of operations or cash flows will not be materially adversely affected. The Company believes it has substantial factual and legal defenses to these claims, and intends to defend the claims vigorously. National Prescription Opiate Litigation and Related Matters 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 payors, 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) 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 this multidistrict litigation. Similar cases that name the Company have also been filed in state courts by state, local and tribal governments, health care providers and other plaintiffs. Plaintiffs are seeking compensatory and punitive damages, as well as injunctive relief including abatement. The Company cannot predict the number of such claims that may be filed, but believes it has substantial factual and legal defenses to these claims, and intends to defend the claims vigorously. 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. The Company cannot reasonably estimate any loss or range of loss that may arise from these matters. Accordingly, the Company can provide no assurance as to the scope and outcome of these matters and no assurance as to whether its business, financial position, results of operations or cash flows will not be materially adversely affected. FCPA Investigation and Related Matters As previously disclosed, the Company was under investigation by the U.S. Department of Justice (the "DOJ") and the Securities and Exchange Commission (the "SEC") regarding possible violations of the U.S. Foreign Corrupt Practices Act (the "FCPA"). Throughout the investigative process, the Company cooperated with the DOJ and the SEC, and on June 20, 2019, the Company announced the resolution of the investigations with the DOJ and the SEC and paid $283 million in June 2019 consisting of a combination of penalties, disgorgement and interest as further described below (the "Settlement Amount"). The Company previously recorded the Settlement Amount in the Company's fiscal 2018 consolidated financial statements in anticipated settlement of these matters. The resolution of the investigations with the DOJ and SEC included:
On June 20, 2019, the Company also entered into an Administrative Agreement with the U.S. Environmental Protection Agency (the "EPA") for a three-year term, which replaces the interim administrative agreement between the Company and the EPA dated May 28, 2013. The May 28, 2013 agreement arose as part of a settlement by the Company regarding certain hazardous waste materials matters with several governmental authorities. The new EPA agreement, among other things, resolved any debarment or suspension as to participation in federal government programs by the Company due to the NPA, the Plea Agreement, and the SEC Order, provided that the Company fulfills the terms and conditions of the new EPA agreement, which requires reporting by the Company to the EPA periodically during the three-year term, and requires a new, limited two-year monitorship. The monitor referenced above that has been engaged by the Company under the NPA will also monitor compliance with the new EPA agreement. If the DOJ monitorship is extended as referenced above, the EPA monitorship may also be extended for an additional year. In addition, the Company expects to incur costs in implementing the settlement and may incur costs in responding to any new civil or regulatory actions. The Company does not presently believe that these matters will have a material adverse effect on its business, financial position, results of operations, or cash flows.
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Disposals, Acquisitions and Related Items (Notes) |
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Business Combinations [Abstract] | |||||||||
Disposals, acquisitions and related items | Disposals, Acquisitions, and Other Items The following disposals, acquisitions and other items relate to the Company's Walmart International segment. Other immaterial transactions have also occurred or have been announced. Walmart Brazil In August 2018, the Company sold an 80 percent stake of Walmart Brazil to Advent International ("Advent"). Under the terms, Advent agreed to contribute additional capital to the business over a three-year period, and Walmart agreed to indemnify Advent for certain matters. As a result, the Company recorded a pre-tax net loss of $4.8 billion during the nine months ended October 31, 2018 in other gains and losses in the Company's Condensed Consolidated Statement of Income. Substantially all of this charge was recorded during the second quarter of fiscal 2019 upon meeting the held for sale criteria, and an additional immaterial amount was recorded during the third quarter of fiscal 2019 upon closure of the sale. In calculating the loss, the fair value of the disposal group was reduced by $0.8 billion related to an indemnity, for which a liability was recognized upon closing and is recorded in deferred income taxes and other in the Company's Condensed Consolidated Balance Sheets. The Company indemnified Advent for certain pre-closing tax and legal contingencies and other matters for up to R$2.3 billion, adjusted for interest based on the Brazilian interbank deposit rate. The Company deconsolidated the financial statements of Walmart Brazil during the third quarter of fiscal 2019 and began accounting for its remaining 20 percent ownership interest using the equity method of accounting. This equity method investment was determined to have no fair value and continues to have no carrying value. Flipkart Private Limited ("Flipkart") In August 2018, the Company acquired 81 percent of the outstanding shares, or 77 percent of the diluted shares, of Flipkart, an Indian-based eCommerce marketplace, for cash consideration of approximately $16 billion. The acquisition increased the Company's investment in India, a large, growing economy. In the second quarter of fiscal 2020, the Company finalized the valuation of assets acquired and liabilities assumed for the Flipkart acquisition as follows:
• Noncontrolling interest of $4.3 billion, for which the fair value was estimated using the income approach based on Level 3 unobservable inputs.
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Segments (Notes) |
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Segment Reporting Information, Profit (Loss) [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segments | Segments and Disaggregated Revenue Segments The Company is engaged in the operation of retail, wholesale and other units, as well as eCommerce websites, located throughout the U.S., Africa, Argentina, Canada, Central America, Chile, China, India, Japan, Mexico, and the United Kingdom, as well as Brazil until the sale of the majority stake in Walmart Brazil as discussed in Note 8 in August 2018. 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 impractical to segregate and identify revenues for each of these individual products and services. The Walmart U.S. segment includes the Company's mass merchandising concept in the U.S., as well as eCommerce and omni-channel initiatives. 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 samsclub.com 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. When the measurement of a segment changes, previous period amounts and balances are reclassified to be comparable to the current period's presentation. Net sales by segment are as follows:
Operating income by segment, as well as operating loss for corporate and support, interest, net and other gains and losses are as follows:
Disaggregated Revenues In the following tables, segment net sales are disaggregated by either merchandise category or market. In addition, net sales related to eCommerce are provided for each segment, which include omni-channel sales, where a customer initiates an order online and the order is fulfilled through a store or club.
Of Walmart U.S.'s total net sales, approximately $5.0 billion and $3.6 billion related to eCommerce for the three months ended October 31, 2019 and 2018, respectively. Approximately $14.0 billion and $10.2 billion related to eCommerce for the nine months ended October 31, 2019 and 2018, respectively.
Of International's total net sales, approximately $2.9 billion and $1.5 billion related to eCommerce for the three months ended October 31, 2019 and 2018, respectively. Approximately $7.9 billion and $3.4 billion related to eCommerce for the nine months ended October 31, 2019 and 2018, respectively.
Of Sam's Club's total net sales, approximately $0.9 billion and $0.7 billion related to eCommerce for the three months ended October 31, 2019 and 2018, respectively. Approximately $2.5 billion and $1.9 billion related to eCommerce for the nine months ended October 31, 2019 and 2018, respectively.
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Leases (Notes) |
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Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Leases of Lessee Disclosure [Text Block] | 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 cost consists of the following:
Other lease information is as follows:
The aggregate annual lease obligations at October 31, 2019 are as follows:
Upon adoption of ASU 2016-02, Leases (Topic 842), the Company's aggregate annual lease obligations includes leases with reasonably assured renewals. The aggregate minimum annual lease rentals as of January 31, 2019 for the remaining contractual term of non-cancelable leases under ASC 840 were as follows:
(1) Represents minimum contractual obligation for non-cancelable leases with initial or remaining terms greater than 12 months as of January 31, 2019.
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Subsequent Event (Notes) |
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Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | Subsequent Event ASDA Group Pension Scheme In the fourth quarter of fiscal 2020, Asda, Walmart and the Trustee of the Asda Group Pension Scheme (the "Plan") entered into an agreement pursuant to which Asda made a cash contribution of $1.1 billion to the Plan which enabled the Plan to purchase a bulk insurance annuity contract for the benefit of Plan participants. The agreement between Asda, Walmart and the Trustee of the Plan contemplates that subsequent to the purchase of the bulk annuity insurance contract by the Plan, each of the Plan participants will be issued individual annuity contracts. The issuer of the individual annuity insurance contracts will be solely responsible for paying each participant’s benefits in full and will release the Plan and Asda from any future obligations. The Company expects the issuance of individual annuity contracts to the Plan participants to take place in late fiscal 2021 or early fiscal 2022, which will trigger a pension settlement that will result in all Plan balances, including accumulated pension components within other comprehensive income, being charged to expense.
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Accounting Policies Summary of Significant Accounting Policies (Policies) |
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Basis of Presentation | Basis of Presentation The Condensed Consolidated Financial Statements of Walmart Inc. and its subsidiaries ("Walmart" or the "Company") and the accompanying notes included in this Quarterly Report on Form 10-Q are unaudited. In the opinion of management, all adjustments necessary for the fair presentation of the Condensed Consolidated Financial Statements have been included. Such adjustments are of a normal, recurring nature. The Condensed Consolidated Financial Statements, and the accompanying notes, are prepared in accordance with generally accepted accounting principles in the United States ("GAAP") and do not contain certain information included in the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2019 ("fiscal 2019"). Therefore, the interim Condensed Consolidated Financial Statements should be read in conjunction with that Annual Report on Form 10-K. The Company's Consolidated Financial Statements are based on a fiscal year ending 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 October related to the operations consolidated using a lag that materially affected the Condensed Consolidated Financial Statements. The Company's business is seasonal to a certain extent due to calendar events and national and religious holidays, as well as weather patterns. Historically, the Company's highest sales volume and operating income have occurred in the fiscal quarter ending January 31.
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Leases | Leases In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which requires lease assets and liabilities to be recorded on the balance sheet. The Company adopted this ASU and related amendments as of February 1, 2019 under the modified retrospective approach and elected certain practical expedients permitted under the transition guidance, including to retain the historical lease classification as well as relief from reviewing expired or existing contracts to determine if they contain leases. For leases subject to index or rate adjustments, the most current index or rate adjustments were included in the measurement of operating lease obligations at adoption. The adoption of this ASU and related amendments resulted in a $14.8 billion increase to total assets and a $15.1 billion increase to total liabilities in the first quarter of the fiscal year ending January 31, 2020 ("fiscal 2020"). In the first quarter of fiscal 2020, the Company recognized $16.8 billion and $17.5 billion of operating lease right-of-use assets and operating lease obligations, respectively, and removed $2.2 billion and $1.7 billion, respectively, of assets and liabilities related to financial obligations connected with the construction of leased stores. Several other asset and liability line items in the Company's Condensed Consolidated Balance Sheet were also impacted by immaterial amounts. Additionally, the adoption resulted in a cumulative-effect adjustment to retained earnings of approximately $0.3 billion, net of tax, which primarily consisted of the recognition of impairment. The Company’s Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Cash Flows were immaterially impacted. Updated accounting policies as a result of the adoption of this ASU are described below. Note 10 provides additional lease disclosures. 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 minimum lease payments over the term of the lease. As the rate implicit in the Company's leases is not easily 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.
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Revenue Recognition | Revenue Recognition Contract Balances Contract balances as a result of transactions with customers primarily consist of receivables included in receivables, net, and deferred gift card revenue included in accrued liabilities in the Company's Condensed Consolidated Balance Sheets. The following table provides the Company's receivables and deferred gift card revenue from transactions with customers:
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Derivatives | Derivatives In fiscal 2020, the Company adopted ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. The adoption of the standard had no current or historical impact on the Company's Condensed Consolidated Financial Statements. The Company continues to use qualitative methods to assess the effectiveness of its designated hedging relationships. Upon adopting ASU 2017-12, the Company modified its existing hedge documentation to use a quantitative method for assessing effectiveness when the hedge is subsequently determined to be ineffective under the qualitative method. There were no other significant changes to the Company's accounting policies for derivatives.
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Recent Accounting Pronouncements | Recent Accounting Pronouncements Financial Instruments In June 2016, the FASB issued ASU 2016-13, Financial Instruments–Credit Losses (Topic 326), which modifies the measurement of expected credit losses of certain financial instruments. The Company will adopt this ASU on February 1, 2020. Management has substantially completed its evaluation of its existing financial instruments and does not expect the adoption of this ASU to materially impact the Company's Condensed Consolidated Financial Statements.
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Accounting Policies Summary of Significant Accounting Policies (Tables) |
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Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Contract with Customer, Asset and Liability [Table Text Block] | The following table provides the Company's receivables and deferred gift card revenue from transactions with customers:
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Net Income (Loss) Per Common Share (Tables) |
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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:
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Accumulated Other Comprehensive Loss (Tables) |
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Other Comprehensive Income (Loss), Tax [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Composition of accumulated other comprehensive loss | The following table provides the changes in the composition of total accumulated other comprehensive loss for each of the three months ended April 30, 2019, July 31, 2019 and October 31, 2019, respectively:
The following table provides the changes in the composition of total accumulated other comprehensive loss for each of the three months ended April 30, 2018, July 31, 2018 and October 31, 2018, respectively:
(1) Primarily relates to the adoption of ASU 2016-01, Financial Instruments–Overall and ASU 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.
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Short-term Borrowings and Long-term Debt (Tables) |
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Short-term Borrowings and Long-term Debt [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Long-term Debt Instruments [Table Text Block] | The following table provides the changes in the Company's long-term debt for the nine months ended October 31, 2019:
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Schedule of Fiscal Year 2020 Debt Issuances [Table Text Block] | Information on long-term debt issued during the nine months ended October 31, 2019 is as follows:
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Schedule of Fiscal Year 2020 Debt Maturities [Table Text Block] | The following table provides details of debt repayments during the nine months ended October 31, 2019:
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Fair Value Measurements (Tables) |
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Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring and Nonrecurring | Information for the fair value of the Company's investment in JD is as follows:
The changes in fair value for the Company's investment in JD are included in other gains and losses in the Company's Condensed Consolidated Statements of Income.
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Notional amounts and fair values of derivatives | As of October 31, 2019 and January 31, 2019, the notional amounts and fair values of these derivatives were as follows:
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Carrying value and fair value of long-term debt | The carrying value and fair value of the Company's long-term debt as of October 31, 2019 and January 31, 2019, are as follows:
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Derivative Financial Instruments (Tables) |
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Summary of Derivative Instruments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of derivative instruments in statement of financial position, fair value | The Company's derivative instruments, as well as its nonderivative debt instruments designated and qualifying as net investment hedges, were classified as follows in the Company's Condensed Consolidated Balance Sheets:
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Segments (Tables) |
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Disaggregation of Revenue [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Net Sales | Net sales by segment are as follows:
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Operating Income by Segment, Interest, Net, and Unrealized (Gains) and Losses | Operating income by segment, as well as operating loss for corporate and support, interest, net and other gains and losses are as follows:
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Walmart U.S. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disaggregation of Revenue [Table Text Block] |
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Walmart International | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disaggregation of Revenue [Table Text Block] |
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Sam's Club | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disaggregation of Revenue [Table Text Block] |
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Leases (Tables) |
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Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lease, Cost [Table Text Block] | The Company's lease cost consists of the following:
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Schedule of Other Information Relating to Lease Liabilities [Table Text Block] | Other lease information is as follows:
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Lessee, Operating Lease, Liability, Maturity [Table Text Block] | The aggregate annual lease obligations at October 31, 2019 are as follows:
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Lessee, Operating Lease, Disclosure [Table Text Block] | The aggregate minimum annual lease rentals as of January 31, 2019 for the remaining contractual term of non-cancelable leases under ASC 840 were as follows:
(1) Represents minimum contractual obligation for non-cancelable leases with initial or remaining terms greater than 12 months as of January 31, 2019.
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Accounting Policies Summary of Significant Accounting Policies (Details) - USD ($) $ in Millions |
Oct. 31, 2019 |
Jan. 31, 2019 |
Oct. 31, 2018 |
Jan. 31, 2018 |
---|---|---|---|---|
Restricted Cash [Abstract] | ||||
Restricted Cash | $ 25 | $ 34 | $ 30 | $ 300 |
Revenue from Contract with Customer [Abstract] | ||||
Receivables from transactions with customers, net | 2,618 | 2,538 | ||
Deferred gift card revenue | $ 1,863 | $ 1,932 |
Accounting Policies Summary of Significant Accounting Policies (Leases) (Details) - USD ($) $ in Millions |
Oct. 31, 2019 |
Apr. 30, 2019 |
Jan. 31, 2019 |
Oct. 31, 2018 |
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New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||
Total assets | $ 239,830 | $ 219,295 | $ 226,583 | |
Operating lease right-of-use assets, net | 16,944 | 0 | 0 | |
Operating lease obligations | 17,481 | |||
Retained earnings (net of tax) | $ 80,656 | $ 80,785 | $ 80,287 | |
Accounting Standards Update 2016-02 [Member] | ||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||
Total assets | $ 14,800 | |||
Total liabilities | 15,100 | |||
Operating lease right-of-use assets, net | 16,800 | |||
Operating lease obligations | 17,500 | |||
Build-to-suit assets derecognized, net | (2,200) | |||
Build-to-suit liabilities derecognized | (1,700) | |||
Retained earnings (net of tax) | $ 300 |
Net Income (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Oct. 31, 2019 |
Oct. 31, 2018 |
Oct. 31, 2019 |
Oct. 31, 2018 |
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Earnings Per Share [Abstract] | ||||
Consolidated net income | $ 3,321 | $ 1,817 | $ 10,907 | $ 3,366 |
Consolidated net income attributable to noncontrolling interest | (33) | (107) | (167) | (383) |
Consolidated net income attributable to Walmart | $ 3,288 | $ 1,710 | $ 10,740 | $ 2,983 |
Weighted-average common shares outstanding, basic (shares) | 2,843 | 2,924 | 2,855 | 2,940 |
Dilutive impact of share-based awards (shares) | 18 | 17 | 17 | 16 |
Weighted-average common shares outstanding, diluted (shares) | 2,861 | 2,941 | 2,872 | 2,956 |
Basic (dollars per share) | $ 1.16 | $ 0.58 | $ 3.76 | $ 1.01 |
Diluted (dollars per share) | $ 1.15 | $ 0.58 | $ 3.74 | $ 1.01 |
Short-term Borrowings and Long-term Debt (Details) - USD ($) |
Oct. 31, 2019 |
Jan. 31, 2019 |
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Short-term Borrowings and Long-term Debt [Abstract] | ||
Line of Credit Facility, Maximum Borrowing Capacity | $ 15,000,000,000 | $ 15,000,000,000 |
Line of Credit Facility, Amount Outstanding | $ 0 | $ 0 |
Fair Value Measurement (Investment in JD) (Details) - JD.com [Member] - USD ($) $ in Millions |
Oct. 31, 2019 |
Jan. 31, 2019 |
---|---|---|
Investment in JD [Line Items] | ||
Equity investments | $ 4,493 | $ 3,583 |
Inputs, Level 1 [Member] | ||
Investment in JD [Line Items] | ||
Equity investments | 2,244 | 1,791 |
Inputs, Level 2 [Member] | ||
Investment in JD [Line Items] | ||
Equity investments | $ 2,249 | $ 1,792 |
Fair Value Measurements (Carrying Value And Fair Value Of Long-Term Debt) (Details) - USD ($) $ in Millions |
Oct. 31, 2019 |
Jan. 31, 2019 |
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Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term Debt | $ 49,005 | $ 45,396 |
Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Debt Instrument, Fair Value Disclosure | $ 57,016 | $ 49,570 |
Fair Value Measurements (Details) - USD ($) $ in Millions |
9 Months Ended | ||
---|---|---|---|
Oct. 31, 2019 |
Oct. 31, 2018 |
Jul. 31, 2018 |
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Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Gain (Loss) on Disposition of Business | $ 1 | $ (4,846) | |
Walmart Brazil [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Disposal Group, Including Discontinued Operation, Assets | $ 3,300 | ||
Disposal Group, Including Discontinued Operation, Assets, Current | 1,000 | ||
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment | 1,600 | ||
Disposal Group, Including Discontinued Operation, Other Assets | $ 700 | ||
Gain (Loss) on Disposition of Business | $ (4,800) |
Derivative Financial Instruments (Narrative) (Details) $ in Millions, ¥ in Billions, £ in Billions |
3 Months Ended | 9 Months Ended | ||||
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Jan. 31, 2019
JPY (¥)
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Jan. 31, 2019
GBP (£)
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Oct. 31, 2019
JPY (¥)
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Oct. 31, 2019
GBP (£)
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Oct. 31, 2019
USD ($)
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Jan. 31, 2019
USD ($)
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Derivative [Line Items] | ||||||
Cash collateral held from counterparties | $ 219 | $ 220 | ||||
Threshold of derivative liability position requiring cash collateral | 150 | |||||
Collateral Already Posted, Aggregate Fair Value | $ 0 | $ 0 | ||||
Designated as hedging instrument | Net investment hedging [Member] | ||||||
Derivative [Line Items] | ||||||
Notional amount of nonderivative instruments | ¥ 180 | £ 1.7 | ¥ 180 | £ 1.7 |
Segments and Disaggregated Revenue (Narrative) (Details) $ in Millions |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Oct. 31, 2019
USD ($)
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Oct. 31, 2018
USD ($)
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Oct. 31, 2019
USD ($)
segment
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Oct. 31, 2018
USD ($)
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Revenue from External Customer [Line Items] | ||||
Number of Reportable Segments | segment | 3 | |||
Net sales | $ 126,981 | $ 123,897 | $ 379,318 | $ 372,586 |
Walmart U.S. | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 83,189 | 80,583 | 248,733 | 241,146 |
Walmart International | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 29,167 | 28,793 | 87,081 | 88,507 |
Sam's Club | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 14,625 | 14,521 | 43,504 | 42,933 |
eCommerceMember | Walmart U.S. | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 5,000 | 3,600 | 14,000 | 10,200 |
eCommerceMember | Walmart International | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 2,900 | 1,500 | 7,900 | 3,400 |
eCommerceMember | Sam's Club | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | $ 900 | $ 700 | $ 2,500 | $ 1,900 |
Segment Net Sales (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Oct. 31, 2019 |
Oct. 31, 2018 |
Oct. 31, 2019 |
Oct. 31, 2018 |
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Segment Reporting Information [Line Items] | ||||
Net sales | $ 126,981 | $ 123,897 | $ 379,318 | $ 372,586 |
Walmart U.S. | ||||
Segment Reporting Information [Line Items] | ||||
Net sales | 83,189 | 80,583 | 248,733 | 241,146 |
Walmart International | ||||
Segment Reporting Information [Line Items] | ||||
Net sales | 29,167 | 28,793 | 87,081 | 88,507 |
Sam's Club | ||||
Segment Reporting Information [Line Items] | ||||
Net sales | $ 14,625 | $ 14,521 | $ 43,504 | $ 42,933 |
Operating Income by Segment, Interest, Net, and Unrealized (Gains) and Losses (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Oct. 31, 2019 |
Oct. 31, 2018 |
Oct. 31, 2019 |
Oct. 31, 2018 |
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Segment Reporting Information [Line Items] | ||||
Operating income | $ 4,718 | $ 4,986 | $ 15,246 | $ 15,890 |
Interest, net | 589 | 534 | 1,799 | 1,524 |
Other (gains) and losses | (244) | 1,876 | (996) | 8,570 |
Income before income taxes | 4,373 | 2,576 | 14,443 | 5,796 |
Walmart U.S. | ||||
Segment Reporting Information [Line Items] | ||||
Operating income | 4,176 | 3,937 | 12,977 | 12,343 |
Walmart International | ||||
Segment Reporting Information [Line Items] | ||||
Operating income | 634 | 1,179 | 2,265 | 3,713 |
Sam's Club | ||||
Segment Reporting Information [Line Items] | ||||
Operating income | 327 | 379 | 1,258 | 1,106 |
Corporate and support | ||||
Segment Reporting Information [Line Items] | ||||
Operating income | $ (419) | $ (509) | $ (1,254) | $ (1,272) |
Segments and Disaggregated Revenue Revenue from Contract with Customer Excluding Assessed Tax, Walmart US (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Oct. 31, 2019 |
Oct. 31, 2018 |
Oct. 31, 2019 |
Oct. 31, 2018 |
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Revenue from External Customer [Line Items] | ||||
Net sales | $ 126,981 | $ 123,897 | $ 379,318 | $ 372,586 |
Walmart U.S. | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 83,189 | 80,583 | 248,733 | 241,146 |
Walmart U.S. | Grocery | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 47,845 | 46,183 | 140,936 | 136,034 |
Walmart U.S. | General merchandise | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 25,196 | 24,838 | 77,269 | 76,317 |
Walmart U.S. | Health and wellness | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 9,262 | 8,869 | 28,018 | 26,834 |
Walmart U.S. | Other categories | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | $ 886 | $ 693 | $ 2,510 | $ 1,961 |
Leases Lease, Cost (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended |
---|---|---|
Oct. 31, 2019 |
Oct. 31, 2018 |
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Leases [Abstract] | ||
Operating lease cost | $ 692 | $ 1,989 |
Finance lease cost, amortization of right-of-use assets | 127 | 354 |
Finance lease cost, interest expense | 78 | 230 |
Variable lease cost | $ 173 | $ 508 |
Leases Schedule of Other Information Relating to Lease Liabilities (Details) $ in Millions |
9 Months Ended |
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Oct. 31, 2019
USD ($)
| |
Leases [Abstract] | |
Operating cash flows from operating leases | $ 1,932 |
Operating cash flows from finance leases | 202 |
Financing cash flows from finance leases | 363 |
Assets obtained in exchange for operating lease obligations | 1,576 |
Assets obtained in exchange for finance lease obligations | $ 733 |
Weighted-average remaining lease term - operating leases | 15 years 7 months 6 days |
Weighted-average remaining lease term - finance leases | 13 years 10 months 24 days |
Weighted-average discount rate - operating leases | 5.40% |
Weighted-average discount rate - finance leases | 8.90% |
Leases Lessee, Operating Lease, Liability, Maturity (Details) $ in Millions |
Oct. 31, 2019
USD ($)
|
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Lessee, Operating Lease, Liability, Payment, Due [Abstract] | |
Remainder of 2020 | $ 580 |
2021 | 2,462 |
2022 | 2,242 |
2023 | 2,019 |
2024 | 1,829 |
Thereafter | 16,430 |
Total undiscounted lease obligations | 25,562 |
Less imputed interest | (8,081) |
Net lease obligations | 17,481 |
Finance Lease, Liability, Payment, Due [Abstract] | |
Remainder of 2020 | 173 |
2021 | 755 |
2022 | 702 |
2023 | 579 |
2024 | 498 |
Thereafter | 5,688 |
Total undiscounted lease obligations | 8,395 |
Less imputed interest | (3,859) |
Net lease obligations | $ 4,536 |
Leases Leases of Lessee Disclosure (Details) $ in Millions |
Jan. 31, 2019
USD ($)
|
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Leases, Operating [Abstract] | |
2020 | $ 1,856 |
2021 | 1,655 |
2022 | 1,420 |
2023 | 1,233 |
2024 | 1,063 |
Thereafter | 6,891 |
Total minimum rentals | 14,118 |
Capital Lease Obligations [Abstract] | |
2020 | 917 |
2021 | 856 |
2022 | 794 |
2023 | 667 |
2024 | 593 |
Thereafter | 6,069 |
Total minimum rentals | 9,896 |
Less estimated executory costs | 23 |
Net minimum lease payments | 9,873 |
Financing obligation noncash gains and other | 2,278 |
Less imputed interest | (4,739) |
Present value of minimum lease payments | $ 7,412 |
Subsequent Event (Details) $ in Billions |
3 Months Ended |
---|---|
Jan. 31, 2020
USD ($)
| |
Subsequent Event [Member] | Pension Plan [Member] | Asda Group Pension Scheme [Member] | |
Subsequent Event [Line Items] | |
Defined Benefit Plan, Employer Contributions | $ 1.1 |