Cover Page
Cover Page - shares | 9 Months Ended | |
Oct. 31, 2021 | Nov. 29, 2021 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Oct. 31, 2021 | |
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, City or Town | Bentonville | |
Entity Address, State or Province | AR | |
Entity Address, Postal Zip Code | 72716 | |
City Area Code | 479 | |
Local Phone Number | 273-4000 | |
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 | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 2,773,878,458 | |
Entity Central Index Key | 0000104169 | |
Current Fiscal Year End Date | --01-31 | |
Document Fiscal Year Focus | 2022 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false | |
Common Stock, par value $0.10 per share | ||
Document Information [Line Items] | ||
Title of 12(b) Security | Common Stock, par value $0.10 per share | |
Trading Symbol | WMT | |
Security Exchange Name | NYSE | |
1.900% Notes Due 2022 | ||
Document Information [Line Items] | ||
Title of 12(b) Security | 1.900% Notes Due 2022 | |
Trading Symbol | WMT22 | |
Security Exchange Name | NYSE | |
2.550% Notes Due 2026 | ||
Document Information [Line Items] | ||
Title of 12(b) Security | 2.550% Notes Due 2026 | |
Trading Symbol | WMT26 | |
Security Exchange Name | NYSE |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 9 Months Ended | ||
Oct. 31, 2021 | Oct. 31, 2020 | Oct. 31, 2021 | Oct. 31, 2020 | |
Revenues: | ||||
Net sales | $ 139,207 | $ 133,752 | $ 416,237 | $ 404,248 |
Membership and other income | 1,318 | 956 | 3,646 | 2,824 |
Total revenues | 140,525 | 134,708 | 419,883 | 407,072 |
Costs and expenses: | ||||
Cost of sales | 105,023 | 100,339 | 313,478 | 305,054 |
Operating, selling, general and administrative expenses | 29,710 | 28,591 | 86,350 | 84,957 |
Operating income | 5,792 | 5,778 | 20,055 | 17,061 |
Interest: | ||||
Debt | 408 | 455 | 1,326 | 1,542 |
Finance lease | 78 | 86 | 241 | 249 |
Interest income | (44) | (25) | (111) | (91) |
Interest, net | 442 | 516 | 1,456 | 1,700 |
Loss on extinguishment of debt | 2,410 | 0 | 2,410 | 0 |
Other (gains) and losses | (1,207) | (1,853) | 2,275 | (5,796) |
Income before income taxes | 4,147 | 7,115 | 13,914 | 21,157 |
Provision for income taxes | 1,015 | 1,914 | 3,607 | 5,443 |
Consolidated net income | 3,132 | 5,201 | 10,307 | 15,714 |
Consolidated net income attributable to noncontrolling interest | (27) | (66) | (196) | (113) |
Consolidated net income attributable to Walmart | $ 3,105 | $ 5,135 | $ 10,111 | $ 15,601 |
Net income per common share: | ||||
Basic net income per common share attributable to Walmart (in dollars per share) | $ 1.11 | $ 1.81 | $ 3.61 | $ 5.51 |
Diluted net income per common share attributable to Walmart (in dollars per share) | $ 1.11 | $ 1.80 | $ 3.59 | $ 5.48 |
Weighted-average common shares outstanding: | ||||
Basic (shares) | 2,785 | 2,833 | 2,799 | 2,832 |
Diluted (shares) | 2,797 | 2,849 | 2,813 | 2,849 |
Dividends declared per common share (in dollars per share) | $ 0 | $ 0 | $ 2.20 | $ 2.16 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Oct. 31, 2021 | Oct. 31, 2020 | Oct. 31, 2021 | Oct. 31, 2020 | |
Statement of Comprehensive Income [Abstract] | ||||
Consolidated net income | $ 3,132 | $ 5,201 | $ 10,307 | $ 15,714 |
Consolidated net income attributable to noncontrolling interest | (27) | (66) | (196) | (113) |
Consolidated net income attributable to Walmart | 3,105 | 5,135 | 10,111 | 15,601 |
Other comprehensive income (loss), net of income taxes | ||||
Currency translation and other | (523) | 1,262 | 2,637 | (2,408) |
Net investment hedges | 0 | (1) | (1,202) | (35) |
Cash flow hedges | (183) | 0 | (318) | 34 |
Minimum pension liability | 1 | 16 | 1,972 | 47 |
Other comprehensive income (loss), net of income taxes | (705) | 1,277 | 3,089 | (2,362) |
Other comprehensive (income) loss attributable to noncontrolling interest | 193 | (109) | 189 | 551 |
Other comprehensive income (loss) attributable to Walmart | (512) | 1,168 | 3,278 | (1,811) |
Comprehensive income, net of income taxes | 2,427 | 6,478 | 13,396 | 13,352 |
Comprehensive (income) loss attributable to noncontrolling interest | 166 | (175) | (7) | 438 |
Comprehensive income attributable to Walmart | $ 2,593 | $ 6,303 | $ 13,389 | $ 13,790 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions | Oct. 31, 2021 | Jan. 31, 2021 | Oct. 31, 2020 |
Current assets: | |||
Cash and cash equivalents | $ 16,111 | $ 17,741 | $ 14,325 |
Receivables, net | 7,349 | 6,516 | 5,770 |
Inventories | 57,484 | 44,949 | 51,842 |
Prepaid expenses and other | 2,020 | 20,861 | 1,665 |
Total current assets | 82,964 | 90,067 | 73,602 |
Property and equipment, net | 92,242 | 92,201 | 102,232 |
Operating lease right-of-use assets | 13,863 | 13,642 | 17,128 |
Finance lease right-of-use assets, net | 4,226 | 4,005 | 4,929 |
Goodwill | 28,923 | 28,983 | 30,236 |
Other long-term assets | 22,633 | 23,598 | 22,736 |
Total assets | 244,851 | 252,496 | 250,863 |
Current liabilities: | |||
Short-term borrowings | 447 | 224 | 240 |
Accounts payable | 57,156 | 49,141 | 54,152 |
Dividends payable | 1,528 | 0 | 1,529 |
Accrued liabilities | 24,474 | 37,966 | 24,995 |
Accrued income taxes | 446 | 242 | 548 |
Long-term debt due within one year | 1,575 | 3,115 | 4,358 |
Operating lease obligations due within one year | 1,486 | 1,466 | 1,725 |
Finance lease obligations due within one year | 508 | 491 | 574 |
Total current liabilities | 87,620 | 92,645 | 88,121 |
Long-term debt | 36,425 | 41,194 | 40,849 |
Long-term operating lease obligations | 13,095 | 12,909 | 15,982 |
Long-term finance lease obligations | 4,061 | 3,847 | 4,750 |
Deferred income taxes and other | 12,893 | 14,370 | 13,657 |
Commitments and contingencies | |||
Equity: | |||
Common stock | 277 | 282 | 283 |
Capital in excess of par value | 4,811 | 3,646 | 3,485 |
Retained earnings | 85,674 | 88,763 | 92,279 |
Accumulated other comprehensive loss | (8,488) | (11,766) | (14,616) |
Total Walmart shareholders' equity | 82,274 | 80,925 | 81,431 |
Noncontrolling interest | 8,483 | 6,606 | 6,073 |
Total equity | 90,757 | 87,531 | 87,504 |
Total liabilities and equity | $ 244,851 | $ 252,496 | $ 250,863 |
Condensed Consolidated Statem_3
Condensed Consolidated Statement Of Shareholders' Equity (Unaudited) - USD ($) shares in Millions, $ in Millions | Total | Common Stock | Capital in Excess of Par Value | Retained Earnings | Accumulated Other Comprehensive Loss | Total Walmart Shareholders' Equity | Noncontrolling Interest |
Beginning balance (in shares) at Jan. 31, 2020 | 2,832 | ||||||
Beginning balance at Jan. 31, 2020 | $ 81,552 | $ 284 | $ 3,247 | $ 83,943 | $ (12,805) | $ 74,669 | $ 6,883 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Consolidated net income | 4,074 | 3,990 | 3,990 | 84 | |||
Other comprehensive income (loss), net of income taxes | (4,075) | (3,363) | (3,363) | (712) | |||
Dividends declared | (6,117) | (6,117) | (6,117) | ||||
Purchase of Company stock (in shares) | (6) | ||||||
Purchase of Company stock | (693) | $ (1) | (26) | (666) | (693) | ||
Dividends declared to noncontrolling interests | (359) | (359) | |||||
Sale of subsidiary stock | 19 | 13 | 0 | 13 | 6 | ||
Other (in shares) | 6 | ||||||
Other | (291) | $ 1 | (251) | (9) | (259) | (32) | |
Ending balance (in shares) at Apr. 30, 2020 | 2,832 | ||||||
Ending balance at Apr. 30, 2020 | 74,110 | $ 284 | 2,983 | 81,141 | (16,168) | 68,240 | 5,870 |
Beginning balance (in shares) at Jan. 31, 2020 | 2,832 | ||||||
Beginning balance at Jan. 31, 2020 | 81,552 | $ 284 | 3,247 | 83,943 | (12,805) | 74,669 | 6,883 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Consolidated net income | 15,714 | ||||||
Other comprehensive income (loss), net of income taxes | (2,362) | ||||||
Ending balance (in shares) at Oct. 31, 2020 | 2,831 | ||||||
Ending balance at Oct. 31, 2020 | 87,504 | $ 283 | 3,485 | 92,279 | (14,616) | 81,431 | 6,073 |
Beginning balance (in shares) at Apr. 30, 2020 | 2,832 | ||||||
Beginning balance at Apr. 30, 2020 | 74,110 | $ 284 | 2,983 | 81,141 | (16,168) | 68,240 | 5,870 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Consolidated net income | 6,439 | 6,476 | 6,476 | (37) | |||
Other comprehensive income (loss), net of income taxes | 436 | 384 | 384 | 52 | |||
Dividends declared to noncontrolling interests | (3) | (3) | |||||
Sale of subsidiary stock | 11 | 8 | 0 | 8 | 3 | ||
Other (in shares) | 2 | ||||||
Other | 204 | $ (1) | 206 | (3) | 202 | 2 | |
Ending balance (in shares) at Jul. 31, 2020 | 2,834 | ||||||
Ending balance at Jul. 31, 2020 | 81,197 | $ 283 | 3,197 | 87,614 | (15,784) | 75,310 | 5,887 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Consolidated net income | 5,201 | 5,135 | 5,135 | 66 | |||
Other comprehensive income (loss), net of income taxes | 1,277 | 1,168 | 1,168 | 109 | |||
Purchase of Company stock (in shares) | (4) | ||||||
Purchase of Company stock | (486) | (17) | (469) | (486) | |||
Dividends declared to noncontrolling interests | (8) | (8) | |||||
Sale of subsidiary stock | 86 | 5 | 0 | 5 | 81 | ||
Other (in shares) | 1 | ||||||
Other | 237 | 300 | (1) | 299 | (62) | ||
Ending balance (in shares) at Oct. 31, 2020 | 2,831 | ||||||
Ending balance at Oct. 31, 2020 | 87,504 | $ 283 | 3,485 | 92,279 | (14,616) | 81,431 | 6,073 |
Beginning balance (in shares) at Jan. 31, 2021 | 2,821 | ||||||
Beginning balance at Jan. 31, 2021 | 87,531 | $ 282 | 3,646 | 88,763 | (11,766) | 80,925 | 6,606 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Consolidated net income | 2,811 | 2,730 | 2,730 | 81 | |||
Other comprehensive income (loss), net of income taxes | 3,746 | 3,820 | 3,820 | (74) | |||
Dividends declared | (6,200) | (6,200) | (6,200) | ||||
Purchase of Company stock (in shares) | (21) | ||||||
Purchase of Company stock | (2,832) | $ (2) | (112) | (2,718) | (2,832) | ||
Dividends declared to noncontrolling interests | (408) | (408) | |||||
Sale of subsidiary stock | 75 | 18 | 18 | 57 | |||
Other (in shares) | 5 | ||||||
Other | (131) | (128) | 2 | (126) | (5) | ||
Ending balance (in shares) at Apr. 30, 2021 | 2,805 | ||||||
Ending balance at Apr. 30, 2021 | 84,592 | $ 280 | 3,424 | 82,577 | (7,946) | 78,335 | 6,257 |
Beginning balance (in shares) at Jan. 31, 2021 | 2,821 | ||||||
Beginning balance at Jan. 31, 2021 | 87,531 | $ 282 | 3,646 | 88,763 | (11,766) | 80,925 | 6,606 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Consolidated net income | 10,307 | ||||||
Other comprehensive income (loss), net of income taxes | 3,089 | ||||||
Ending balance (in shares) at Oct. 31, 2021 | 2,778 | ||||||
Ending balance at Oct. 31, 2021 | 90,757 | $ 277 | 4,811 | 85,674 | (8,488) | 82,274 | 8,483 |
Beginning balance (in shares) at Apr. 30, 2021 | 2,805 | ||||||
Beginning balance at Apr. 30, 2021 | 84,592 | $ 280 | 3,424 | 82,577 | (7,946) | 78,335 | 6,257 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Consolidated net income | 4,364 | 4,276 | 4,276 | 88 | |||
Other comprehensive income (loss), net of income taxes | 48 | (30) | (30) | 78 | |||
Purchase of Company stock (in shares) | (17) | ||||||
Purchase of Company stock | (2,369) | $ (2) | (94) | (2,273) | (2,369) | ||
Dividends declared to noncontrolling interests | (10) | (10) | |||||
Sale of subsidiary stock | 177 | 6 | 6 | 171 | |||
Other (in shares) | 3 | ||||||
Other | 325 | 319 | (8) | 311 | 14 | ||
Ending balance (in shares) at Jul. 31, 2021 | 2,791 | ||||||
Ending balance at Jul. 31, 2021 | 87,127 | $ 278 | 3,655 | 84,572 | (7,976) | 80,529 | 6,598 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Consolidated net income | 3,132 | 3,105 | 3,105 | 27 | |||
Other comprehensive income (loss), net of income taxes | (705) | (512) | (512) | (193) | |||
Dividends declared | 45 | 45 | 45 | ||||
Purchase of Company stock (in shares) | (14) | ||||||
Purchase of Company stock | (2,132) | $ (1) | (87) | (2,044) | (2,132) | ||
Dividends declared to noncontrolling interests | (6) | (6) | |||||
Sale of subsidiary stock | 2,979 | 922 | 922 | 2,057 | |||
Other (in shares) | 1 | ||||||
Other | 317 | 321 | (4) | 317 | 0 | ||
Ending balance (in shares) at Oct. 31, 2021 | 2,778 | ||||||
Ending balance at Oct. 31, 2021 | $ 90,757 | $ 277 | $ 4,811 | $ 85,674 | $ (8,488) | $ 82,274 | $ 8,483 |
Condensed Consolidated Statem_4
Condensed Consolidated Statement of Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares | 3 Months Ended | 9 Months Ended | ||
Oct. 31, 2021 | Oct. 31, 2020 | Oct. 31, 2021 | Oct. 31, 2020 | |
Statement of Stockholders' Equity [Abstract] | ||||
Dividends declared per common share (in dollars per share) | $ 0 | $ 0 | $ 2.20 | $ 2.16 |
Condensed Consolidated Statem_5
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions | 9 Months Ended | |
Oct. 31, 2021 | Oct. 31, 2020 | |
Cash flows from operating activities: | ||
Consolidated net income | $ 10,307 | $ 15,714 |
Adjustments to reconcile consolidated net income to net cash provided by operating activities: | ||
Depreciation and amortization | 7,952 | 8,333 |
Net unrealized and realized (gains) and losses | 1,831 | (6,883) |
Losses on disposal of business operations | 433 | 1,028 |
Deferred income taxes | (1,402) | 1,246 |
Loss on extinguishment of debt | 2,410 | 0 |
Other operating activities | 1,057 | 930 |
Changes in certain assets and liabilities, net of effects of acquisitions and dispositions: | ||
Receivables, net | (842) | 165 |
Inventories | (12,663) | (8,260) |
Accounts payable | 7,906 | 8,553 |
Accrued liabilities | (722) | 1,796 |
Accrued income taxes | 24 | 258 |
Net cash provided by operating activities | 16,291 | 22,880 |
Cash flows from investing activities: | ||
Payments for property and equipment | (8,588) | (6,438) |
Proceeds from the disposal of property and equipment | 290 | 99 |
Proceeds from disposal of certain operations, net of divested cash | 7,935 | 12 |
Payments for business acquisitions, net of cash acquired | (248) | (180) |
Other investing activities | (919) | 0 |
Net cash used in investing activities | (1,530) | (6,507) |
Cash flows from financing activities: | ||
Net change in short-term borrowings | 228 | (301) |
Proceeds from issuance of long-term debt | 6,945 | 0 |
Repayments of long-term debt | (13,010) | (4,132) |
Premiums paid to extinguish debt | (2,317) | 0 |
Dividends paid | (4,627) | (4,582) |
Purchase of Company stock | (7,368) | (1,186) |
Dividends paid to noncontrolling interest | (20) | (76) |
Sale of subsidiary stock | 3,231 | 116 |
Other financing activities | (1,175) | (1,179) |
Net cash used in financing activities | (18,113) | (11,340) |
Effect of exchange rates on cash, cash equivalents and restricted cash | (118) | (170) |
Net increase (decrease) in cash, cash equivalents and restricted cash | (3,470) | 4,863 |
Change in cash and cash equivalents classified as held for sale | 1,848 | 0 |
Cash, cash equivalents and restricted cash at beginning of year | 17,788 | 9,515 |
Cash, cash equivalents and restricted cash at end of period | $ 16,166 | $ 14,378 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 9 Months Ended |
Oct. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Summary of Significant Accounting Policies | 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. Certain previously reported amounts have been reclassified to conform to the current year presentation. 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, 2021 ("fiscal 2021"). 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 based on a calendar year. There were no significant intervening events during the month of October 2021 related to the consolidated operations 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. Use of Estimates The Condensed Consolidated Financial Statements have been prepared in conformity with 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 materially from those estimates. Investments Investments in equity and debt securities are recorded in other long-term assets in the Condensed Consolidated Balance Sheets. Changes in fair value of equity securities measured on a recurring basis are recognized in other gains and losses in the Condensed Consolidated Statements of Income. Refer to Note 5 for details. Equity investments without readily determinable fair values are carried at cost and are adjusted for any observable price changes or impairments within other gains and losses in the Condensed Consolidated Statements of Income. Investments in debt securities classified as trading are reported at fair value with interest income recorded in interest income in the Condensed Consolidated Statements of Income. As of October 31, 2021, the Company had $1.0 billion in debt securities classified as trading. Indemnification Liabilities |
Net Income Per Common Share
Net Income Per Common Share | 9 Months Ended |
Oct. 31, 2021 | |
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 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, 2021 and 2020. 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: Three Months Ended October 31, Nine Months Ended October 31, (Amounts in millions, except per share data) 2021 2020 2021 2020 Numerator Consolidated net income $ 3,132 $ 5,201 $ 10,307 $ 15,714 Consolidated net income attributable to noncontrolling interest (27) (66) (196) (113) Consolidated net income attributable to Walmart $ 3,105 $ 5,135 $ 10,111 $ 15,601 Denominator Weighted-average common shares outstanding, basic 2,785 2,833 2,799 2,832 Dilutive impact of share-based awards 12 16 14 17 Weighted-average common shares outstanding, diluted 2,797 2,849 2,813 2,849 Net income per common share attributable to Walmart Basic $ 1.11 $ 1.81 $ 3.61 $ 5.51 Diluted 1.11 1.80 3.59 5.48 |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Loss | 9 Months Ended |
Oct. 31, 2021 | |
Other Comprehensive Income (Loss), Tax [Abstract] | |
Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive Loss Amounts reclassified from accumulated other comprehensive loss for derivative instruments are generally recorded in interest, net, in the Company's Condensed Consolidated Statements of Income. Amounts for the minimum pension liability, as well as the cumulative translation and any related net investment hedge impacts resulting from a disposition of a business, are recorded in other gains and losses in the Company's Condensed Consolidated Statements of Income. The following tables provide the changes in the composition of total accumulated other comprehensive loss: (Amounts in millions and net of immaterial income taxes) Currency Net Investment Hedges Cash Flow Hedges Minimum Total Balances as of February 1, 2021 $ (10,772) $ 1,296 $ (304) $ (1,986) $ (11,766) Other comprehensive loss before reclassifications, net (225) (7) (26) (1) (259) Reclassifications related to business dispositions, net (1) 3,258 (1,195) 30 1,966 4,059 Reclassifications to income, net — — 16 4 20 Balances as of April 30, 2021 $ (7,739) $ 94 $ (284) $ (17) $ (7,946) Other comprehensive income (loss) before reclassifications, net 123 — (193) (3) (73) Reclassifications to income, net — — 38 5 43 Balances as of July 31, 2021 $ (7,616) $ 94 $ (439) $ (15) $ (7,976) Other comprehensive income (loss) before reclassifications, net (330) — (181) 4 (507) Reclassifications to income, net — — (2) (3) (5) Balances as of October 31, 2021 $ (7,946) $ 94 $ (622) $ (14) $ (8,488) (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. (Amounts in millions and net of immaterial income taxes) Currency Net Investment Hedges Cash Flow Hedges Minimum Total Balances as of February 1, 2020 $ (11,827) $ 1,517 $ (539) $ (1,956) $ (12,805) Other comprehensive income (loss) before reclassifications, net (3,256) 157 (295) (4) (3,398) Reclassifications to income, net — — 16 19 35 Balances as of April 30, 2020 $ (15,083) $ 1,674 $ (818) $ (1,941) $ (16,168) Other comprehensive income (loss) before reclassifications, net 246 (191) 303 (2) 356 Reclassifications to income, net — — 10 18 28 Balances as of July 31, 2020 $ (14,837) $ 1,483 $ (505) $ (1,925) $ (15,784) Other comprehensive income (loss) before reclassifications, net 1,153 (1) (13) (3) 1,136 Reclassifications to income, net — — 13 19 32 Balances as of October 31, 2020 $ (13,684) $ 1,482 $ (505) $ (1,909) $ (14,616) |
Short-term Borrowings and Long-
Short-term Borrowings and Long-term Debt | 9 Months Ended |
Oct. 31, 2021 | |
Debt Disclosure [Abstract] | |
Short-term Borrowings and Long-term Debt | 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 April 2021, the Company renewed and extended its existing 364-day revolving credit facility of $10.0 billion as well as its five-year credit facility of $5.0 billion. In total, the Company had committed lines of credit in the U.S. of $15.0 billion at October 31, 2021 and January 31, 2021, all undrawn. The following table provides the changes in the Company's long-term debt for the nine months ended October 31, 2021: (Amounts in millions) Long-term debt due within one year Long-term debt Total Balances as of February 1, 2021 $ 3,115 $ 41,194 $ 44,309 Proceeds from issuance of long-term debt — 6,945 6,945 Repayments of long-term debt (3,010) (10,000) (13,010) Reclassifications of long-term debt 1,461 (1,461) — Other 9 (253) (244) Balances as of October 31, 2021 $ 1,575 $ 36,425 $ 38,000 Debt Issuances Information on significant long-term debt issued during the nine months ended October 31, 2021, for general corporate purposes and certain eligible green initiatives, is as follows: (Amounts in millions) Issue Date Principal Amount Maturity Date Fixed vs. Floating Interest Rate Net Proceeds September 17, 2021 $1,250 September 17, 2026 Fixed 1.050% $ 1,243 September 22, 2021 $1,250 September 22, 2028 Fixed 1.500% 1,244 September 22, 2021 (1) $2,000 September 22, 2031 Fixed 1.800% 1,981 September 22, 2021 $1,000 September 22, 2041 Fixed 2.500% 994 September 22, 2021 $1,500 September 22, 2051 Fixed 2.650% 1,483 Total $ 6,945 (1) Represents a green bond issuance for which an amount equal to the net proceeds is intended to fund certain eligible green investment initiatives through the maturity date of the bond. 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 and do not restrict the Company's ability to pay dividends or repurchase company stock. Maturities and Extinguishments The following table provides details of debt repayments during the nine months ended October 31, 2021: (Amounts in millions) Maturity Date Principal Amount Fixed vs. Floating Interest Rate Repayment (1) April 15, 2021 $510 Fixed 4.250% $ 510 June 23, 2021 $750 Floating Floating 750 June 23, 2021 $1,750 Fixed 3.125% 1,750 Total repayment of matured debt 3,010 June 26, 2023 $2,750 Fixed 3.400% 470 October 15, 2023 $152 Fixed 6.750% 2 July 8, 2024 $1,500 Fixed 2.850% 510 December 15, 2024 $1,000 Fixed 2.650% 370 June 26, 2025 $1,500 Fixed 3.550% 625 July 8, 2026 $1,250 Fixed 3.050% 451 April 5, 2027 $483 Fixed 5.875% 110 June 26, 2028 $2,750 Fixed 3.700% 1,271 July 8, 2029 $1,250 Fixed 3.250% 517 September 24, 2029 $500 Fixed 2.375% 181 February 15, 2030 $588 Fixed 7.550% 119 September 1, 2035 $1,968 Fixed 5.250% 635 August 15, 2037 $1,300 Fixed 6.500% 262 April 15, 2038 $919 Fixed 6.200% 116 June 28, 2038 $1,500 Fixed 3.950% 925 April 1, 2040 $751 Fixed 5.625% 142 July 8, 2040 $378 Fixed 4.875% 101 October 25, 2040 $519 Fixed 5.000% 125 April 15, 2041 $918 Fixed 5.625% 305 April 11, 2043 $709 Fixed 4.000% 296 October 2, 2043 $269 Fixed 4.750% 38 April 22, 2044 $502 Fixed 4.300% 172 December 15, 2047 $1,000 Fixed 3.625% 566 June 29, 2048 $3,000 Fixed 4.050% 1,317 September 24, 2049 $1,000 Fixed 2.950% 371 Total repayment of extinguished debt (2) 10,000 Total $ 13,010 (1) Represents portion of the outstanding principal amount which was repaid during the nine months ended October 31, 2021. (2) Individual repayment amounts may not sum due to rounding. The Company recorded a $2.4 billion loss on extinguishment of debt during the three and nine months ended October 31, 2021, which included payment of $2.3 billion in early extinguishment premiums. |
Fair Value Measurements
Fair Value Measurements | 9 Months Ended |
Oct. 31, 2021 | |
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 on a recurring basis in the accompanying Condensed Consolidated Balance Sheets. The fair value of the Company's equity investments measured on a recurring basis is as follows: (Amounts in millions) Fair Value as of October 31, 2021 Fair Value as of January 31, 2021 Equity investments measured using Level 1 inputs $ 6,124 $ 6,517 Equity investments measured using Level 2 inputs 6,340 7,905 Total $ 12,464 $ 14,422 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 October 31, 2021 and January 31, 2021, the notional amounts and fair values of these derivatives were as follows: October 31, 2021 January 31, 2021 (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 $ 4,719 $ 91 (1) $ 3,250 $ 166 (1) Receive fixed-rate, pay fixed-rate cross-currency swaps designated as net investment hedges — — 1,250 311 (1) Receive fixed-rate, pay fixed-rate cross-currency swaps designated as cash flow hedges 8,086 (881) (2) 5,073 (394) (2) Total $ 12,805 $ (790) $ 9,573 $ 83 (1) Classified primarily in other long-term assets within the Company's Condensed Consolidated Balance Sheets. (2) Classified primarily in deferred income taxes and other within the Company's Condensed Consolidated Balance Sheets. Nonrecurring Fair Value Measurements In addition to assets and liabilities 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. As of January 31, 2021, the Company's operations in the U.K. ("Asda") and operations in Japan ("Seiyu") met the held for sale criteria, and as a result the Company recorded non-recurring impairment charges in the fourth quarter of fiscal 2021 as the carrying value of the disposal groups exceeded their fair value, less costs to sell. Upon completing the sales of Asda in February 2021 and Seiyu 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 Condensed Consolidated Statements of Income. Refer to Note 6 . The Company did not have other material assets or liabilities resulting in nonrecurring fair value measurements as of October 31, 2021. 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, 2021 and January 31, 2021, are as follows: October 31, 2021 January 31, 2021 (Amounts in millions) Carrying Value Fair Value Carrying Value Fair Value Long-term debt, including amounts due within one year $ 38,000 $ 44,354 $ 44,309 $ 54,240 |
Divestitures
Divestitures | 9 Months Ended |
Oct. 31, 2021 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Divestitures | Divestitures During fiscal 2022, the Company completed the following transactions related to the Company's Walmart International segment. After closing these transactions, total assets of the Walmart International segment were $94.8 billion as of October 31, 2021, as compared to $109.4 billion as of January 31, 2021. 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 Condensed Consolidated Statement 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 on the Condensed Consolidated Balance Sheet. Seiyu |
Contingencies
Contingencies | 9 Months Ended |
Oct. 31, 2021 | |
Commitments and Contingencies Disclosure [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. Opioids Litigation 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 this multidistrict litigation. The liability phase of a trial in one of the MDL cases began on October 4, 2021 against a number of parties, including the Company, regarding opioid dispensing claims. On November 23, 2021, the jury found in favor of the plaintiffs as to the liability of all defendants, including the Company. The Company intends to appeal this verdict. 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. On October 22, 2020, the Company filed a declaratory judgment action in the U.S. District Court for the Eastern District of Texas against the U.S. Department of Justice (the "DOJ") and the U.S. Drug Enforcement Administration, asking a federal court to clarify the roles and responsibilities of pharmacists and pharmacies as to the dispensing and distribution of opioids under the Controlled Substances Act (the "CSA"). The Company’s action was dismissed. The Company has appealed this decision to the Fifth Circuit and awaits the court's decision. On December 22, 2020, 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 CSA. The DOJ is seeking civil penalties and injunctive relief. The Company filed a motion to dismiss the DOJ complaint on February 22, 2021. The DOJ filed its opposition brief on April 23, 2021 and the Company filed its reply brief on May 24, 2021. On November 19, 2021, the District Court stayed further proceedings in the DOJ complaint pending the decision of the United States Supreme Court in two consolidated cases (not involving Walmart) interpreting the CSA. 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. 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 current directors and two current officers in connection with the Company's opioids disclosures. On September 27, 2021, three shareholders filed a derivative action in the Delaware Court of Chancery alleging that certain members of the current Board and certain former officers breached their fiduciary duties in failing to adequately oversee the Company's prescription opioids business. The Company cannot reasonably estimate any loss or range of loss that may arise from the various Opioids Litigation and intends to vigorously defend these litigation 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. Asda Equal Value Claims |
Segments and Disaggregated Reve
Segments and Disaggregated Revenue | 9 Months Ended |
Oct. 31, 2021 | |
Segment Reporting Information, Profit (Loss) [Abstract] | |
Segments and Disaggregated Revenue | Segments and Disaggregated Revenue Segments The Company is engaged in the operation of retail, wholesale, eCommerce websites and other units located throughout the U.S., Africa, Canada, Central America, Chile, China, India and Mexico. 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 and other measures, including any corporate overhead allocations, as determined by the information regularly reviewed by its CODM. When the measurement of a segment significantly changes, previous period amounts and balances are reclassified to be comparable to the current period's presentation. Net sales by segment are as follows: Three Months Ended October 31, Nine Months Ended October 31, (Amounts in millions) 2021 2020 2021 2020 Net sales: Walmart U.S. $ 96,609 $ 88,353 $ 287,968 $ 270,378 Walmart International 23,627 29,554 73,962 86,487 Sam's Club 18,971 15,845 54,307 47,383 Net sales $ 139,207 $ 133,752 $ 416,237 $ 404,248 Operating income by segment, as well as operating loss for corporate and support, interest, net, loss on extinguishment of debt and other gains and losses are as follows: Three Months Ended October 31, Nine Months Ended October 31, (Amounts in millions) 2021 2020 2021 2020 Operating income (loss): Walmart U.S. $ 4,860 $ 4,589 $ 16,404 $ 13,948 Walmart International 871 1,078 2,926 2,696 Sam's Club 475 431 1,710 1,517 Corporate and support (414) (320) (985) (1,100) Operating income 5,792 5,778 20,055 17,061 Interest, net 442 516 1,456 1,700 Loss on extinguishment of debt 2,410 — 2,410 — Other (gains) and losses (1,207) (1,853) 2,275 (5,796) Income before income taxes $ 4,147 $ 7,115 $ 13,914 $ 21,157 Disaggregated Revenues In the following tables, segment net sales are disaggregated by either merchandise category or by market. From time to time, the Company revises the assignment of net sales of a particular item to a merchandise category. When the assignment changes, previous period amounts are reclassified to be comparable to the current period's presentation. In addition, net sales related to eCommerce are provided for each segment, which include omni-channel sales, where a customer initiates an order digitally and the order is fulfilled through a store or club. (Amounts in millions) Three Months Ended October 31, Nine Months Ended October 31, Walmart U.S. net sales by merchandise category 2021 2020 2021 2020 Grocery $ 55,560 $ 50,683 $ 161,600 $ 155,149 General merchandise 28,544 26,927 90,858 84,075 Health and wellness 11,030 9,806 31,480 28,560 Other categories 1,475 937 4,030 2,594 Total $ 96,609 $ 88,353 $ 287,968 $ 270,378 Of Walmart U.S.'s total net sales, approximately $11.1 billion and $10.3 billion related to eCommerce for the three months ended October 31, 2021 and 2020, respectively, and approximately $33.6 billion and $29.1 billion related to eCommerce for the nine months ended October 31, 2021 and 2020, respectively. (Amounts in millions) Three Months Ended October 31, Nine Months Ended October 31, Walmart International net sales by market 2021 2020 2021 2020 Mexico and Central America $ 8,718 $ 7,429 $ 25,706 $ 23,133 United Kingdom — 7,249 3,811 21,079 Canada 5,507 4,969 15,847 14,383 China 3,538 2,787 10,313 8,735 Other 5,864 7,120 18,285 19,157 Total $ 23,627 $ 29,554 $ 73,962 $ 86,487 Of Walmart International's total net sales, approximately $4.3 billion related to eCommerce for each of the three months ended October 31, 2021 and 2020, respectively, and approximately $12.7 billion and $10.5 billion related to eCommerce for the nine months ended October 31, 2021 and 2020, respectively. (Amounts in millions) Three Months Ended October 31, Nine Months Ended October 31, Sam’s Club net sales by merchandise category 2021 2020 2021 2020 Grocery and consumables $ 12,335 $ 10,450 $ 35,018 $ 31,526 Fuel, tobacco and other categories 2,932 1,942 8,047 6,023 Home and apparel 1,976 1,693 6,252 4,926 Health and wellness 1,037 1,017 2,934 2,849 Technology, office and entertainment 691 743 2,056 2,059 Total $ 18,971 $ 15,845 $ 54,307 $ 47,383 Of Sam's Club's total net sales, approximately $1.7 billion and $1.3 billion related to eCommerce for the three months ended October 31, 2021 and 2020, respectively, and approximately $4.9 billion and $3.7 billion related to eCommerce for the nine months ended October 31, 2021 and 2020, respectively. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Oct. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
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. Certain previously reported amounts have been reclassified to conform to the current year presentation. 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, 2021 ("fiscal 2021"). 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 based on a calendar year. There were no significant intervening events during the month of October 2021 related to the consolidated operations 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. |
Use of Estimates | Use of Estimates The Condensed Consolidated Financial Statements have been prepared in conformity with 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 materially from those estimates. |
Investments | Investments Investments in equity and debt securities are recorded in other long-term assets in the Condensed Consolidated Balance Sheets. Changes in fair value of equity securities measured on a recurring basis are recognized in other gains and losses in the Condensed Consolidated Statements of Income. Refer to Note 5 |
Indemnification Liabilities | Indemnification LiabilitiesThe 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. |
Net Income Per Common Share (Ta
Net Income Per Common Share (Tables) | 9 Months Ended |
Oct. 31, 2021 | |
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: Three Months Ended October 31, Nine Months Ended October 31, (Amounts in millions, except per share data) 2021 2020 2021 2020 Numerator Consolidated net income $ 3,132 $ 5,201 $ 10,307 $ 15,714 Consolidated net income attributable to noncontrolling interest (27) (66) (196) (113) Consolidated net income attributable to Walmart $ 3,105 $ 5,135 $ 10,111 $ 15,601 Denominator Weighted-average common shares outstanding, basic 2,785 2,833 2,799 2,832 Dilutive impact of share-based awards 12 16 14 17 Weighted-average common shares outstanding, diluted 2,797 2,849 2,813 2,849 Net income per common share attributable to Walmart Basic $ 1.11 $ 1.81 $ 3.61 $ 5.51 Diluted 1.11 1.80 3.59 5.48 |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Loss (Tables) | 9 Months Ended |
Oct. 31, 2021 | |
Other Comprehensive Income (Loss), Tax [Abstract] | |
Composition of accumulated other comprehensive loss | The following tables provide the changes in the composition of total accumulated other comprehensive loss: (Amounts in millions and net of immaterial income taxes) Currency Net Investment Hedges Cash Flow Hedges Minimum Total Balances as of February 1, 2021 $ (10,772) $ 1,296 $ (304) $ (1,986) $ (11,766) Other comprehensive loss before reclassifications, net (225) (7) (26) (1) (259) Reclassifications related to business dispositions, net (1) 3,258 (1,195) 30 1,966 4,059 Reclassifications to income, net — — 16 4 20 Balances as of April 30, 2021 $ (7,739) $ 94 $ (284) $ (17) $ (7,946) Other comprehensive income (loss) before reclassifications, net 123 — (193) (3) (73) Reclassifications to income, net — — 38 5 43 Balances as of July 31, 2021 $ (7,616) $ 94 $ (439) $ (15) $ (7,976) Other comprehensive income (loss) before reclassifications, net (330) — (181) 4 (507) Reclassifications to income, net — — (2) (3) (5) Balances as of October 31, 2021 $ (7,946) $ 94 $ (622) $ (14) $ (8,488) (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. (Amounts in millions and net of immaterial income taxes) Currency Net Investment Hedges Cash Flow Hedges Minimum Total Balances as of February 1, 2020 $ (11,827) $ 1,517 $ (539) $ (1,956) $ (12,805) Other comprehensive income (loss) before reclassifications, net (3,256) 157 (295) (4) (3,398) Reclassifications to income, net — — 16 19 35 Balances as of April 30, 2020 $ (15,083) $ 1,674 $ (818) $ (1,941) $ (16,168) Other comprehensive income (loss) before reclassifications, net 246 (191) 303 (2) 356 Reclassifications to income, net — — 10 18 28 Balances as of July 31, 2020 $ (14,837) $ 1,483 $ (505) $ (1,925) $ (15,784) Other comprehensive income (loss) before reclassifications, net 1,153 (1) (13) (3) 1,136 Reclassifications to income, net — — 13 19 32 Balances as of October 31, 2020 $ (13,684) $ 1,482 $ (505) $ (1,909) $ (14,616) |
Short-term Borrowings and Lon_2
Short-term Borrowings and Long-term Debt (Tables) | 9 Months Ended |
Oct. 31, 2021 | |
Debt Disclosure [Abstract] | |
Changes in Long-term Debt | The following table provides the changes in the Company's long-term debt for the nine months ended October 31, 2021: (Amounts in millions) Long-term debt due within one year Long-term debt Total Balances as of February 1, 2021 $ 3,115 $ 41,194 $ 44,309 Proceeds from issuance of long-term debt — 6,945 6,945 Repayments of long-term debt (3,010) (10,000) (13,010) Reclassifications of long-term debt 1,461 (1,461) — Other 9 (253) (244) Balances as of October 31, 2021 $ 1,575 $ 36,425 $ 38,000 |
Schedule of Debt Issuances | Information on significant long-term debt issued during the nine months ended October 31, 2021, for general corporate purposes and certain eligible green initiatives, is as follows: (Amounts in millions) Issue Date Principal Amount Maturity Date Fixed vs. Floating Interest Rate Net Proceeds September 17, 2021 $1,250 September 17, 2026 Fixed 1.050% $ 1,243 September 22, 2021 $1,250 September 22, 2028 Fixed 1.500% 1,244 September 22, 2021 (1) $2,000 September 22, 2031 Fixed 1.800% 1,981 September 22, 2021 $1,000 September 22, 2041 Fixed 2.500% 994 September 22, 2021 $1,500 September 22, 2051 Fixed 2.650% 1,483 Total $ 6,945 |
Schedule of Maturities and Extinguishment of Debt | The following table provides details of debt repayments during the nine months ended October 31, 2021: (Amounts in millions) Maturity Date Principal Amount Fixed vs. Floating Interest Rate Repayment (1) April 15, 2021 $510 Fixed 4.250% $ 510 June 23, 2021 $750 Floating Floating 750 June 23, 2021 $1,750 Fixed 3.125% 1,750 Total repayment of matured debt 3,010 June 26, 2023 $2,750 Fixed 3.400% 470 October 15, 2023 $152 Fixed 6.750% 2 July 8, 2024 $1,500 Fixed 2.850% 510 December 15, 2024 $1,000 Fixed 2.650% 370 June 26, 2025 $1,500 Fixed 3.550% 625 July 8, 2026 $1,250 Fixed 3.050% 451 April 5, 2027 $483 Fixed 5.875% 110 June 26, 2028 $2,750 Fixed 3.700% 1,271 July 8, 2029 $1,250 Fixed 3.250% 517 September 24, 2029 $500 Fixed 2.375% 181 February 15, 2030 $588 Fixed 7.550% 119 September 1, 2035 $1,968 Fixed 5.250% 635 August 15, 2037 $1,300 Fixed 6.500% 262 April 15, 2038 $919 Fixed 6.200% 116 June 28, 2038 $1,500 Fixed 3.950% 925 April 1, 2040 $751 Fixed 5.625% 142 July 8, 2040 $378 Fixed 4.875% 101 October 25, 2040 $519 Fixed 5.000% 125 April 15, 2041 $918 Fixed 5.625% 305 April 11, 2043 $709 Fixed 4.000% 296 October 2, 2043 $269 Fixed 4.750% 38 April 22, 2044 $502 Fixed 4.300% 172 December 15, 2047 $1,000 Fixed 3.625% 566 June 29, 2048 $3,000 Fixed 4.050% 1,317 September 24, 2049 $1,000 Fixed 2.950% 371 Total repayment of extinguished debt (2) 10,000 Total $ 13,010 (1) Represents portion of the outstanding principal amount which was repaid during the nine months ended October 31, 2021. (2) Individual repayment amounts may not sum due to rounding. |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 9 Months Ended |
Oct. 31, 2021 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements, Recurring and Nonrecurring | The fair value of the Company's equity investments measured on a recurring basis is as follows: (Amounts in millions) Fair Value as of October 31, 2021 Fair Value as of January 31, 2021 Equity investments measured using Level 1 inputs $ 6,124 $ 6,517 Equity investments measured using Level 2 inputs 6,340 7,905 Total $ 12,464 $ 14,422 |
Notional amounts and fair values of derivatives | As of October 31, 2021 and January 31, 2021, the notional amounts and fair values of these derivatives were as follows: October 31, 2021 January 31, 2021 (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 $ 4,719 $ 91 (1) $ 3,250 $ 166 (1) Receive fixed-rate, pay fixed-rate cross-currency swaps designated as net investment hedges — — 1,250 311 (1) Receive fixed-rate, pay fixed-rate cross-currency swaps designated as cash flow hedges 8,086 (881) (2) 5,073 (394) (2) Total $ 12,805 $ (790) $ 9,573 $ 83 (1) Classified primarily in other long-term assets within the Company's Condensed Consolidated Balance Sheets. (2) Classified primarily in deferred income taxes and other within the Company's Condensed 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 October 31, 2021 and January 31, 2021, are as follows: October 31, 2021 January 31, 2021 (Amounts in millions) Carrying Value Fair Value Carrying Value Fair Value Long-term debt, including amounts due within one year $ 38,000 $ 44,354 $ 44,309 $ 54,240 |
Segments and Disaggregated Re_2
Segments and Disaggregated Revenue (Tables) | 9 Months Ended |
Oct. 31, 2021 | |
Disaggregation of Revenue [Line Items] | |
Segment Net Sales | Net sales by segment are as follows: Three Months Ended October 31, Nine Months Ended October 31, (Amounts in millions) 2021 2020 2021 2020 Net sales: Walmart U.S. $ 96,609 $ 88,353 $ 287,968 $ 270,378 Walmart International 23,627 29,554 73,962 86,487 Sam's Club 18,971 15,845 54,307 47,383 Net sales $ 139,207 $ 133,752 $ 416,237 $ 404,248 |
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, loss on extinguishment of debt and other gains and losses are as follows: Three Months Ended October 31, Nine Months Ended October 31, (Amounts in millions) 2021 2020 2021 2020 Operating income (loss): Walmart U.S. $ 4,860 $ 4,589 $ 16,404 $ 13,948 Walmart International 871 1,078 2,926 2,696 Sam's Club 475 431 1,710 1,517 Corporate and support (414) (320) (985) (1,100) Operating income 5,792 5,778 20,055 17,061 Interest, net 442 516 1,456 1,700 Loss on extinguishment of debt 2,410 — 2,410 — Other (gains) and losses (1,207) (1,853) 2,275 (5,796) Income before income taxes $ 4,147 $ 7,115 $ 13,914 $ 21,157 |
Walmart U.S. | |
Disaggregation of Revenue [Line Items] | |
Disaggregation of Revenue | (Amounts in millions) Three Months Ended October 31, Nine Months Ended October 31, Walmart U.S. net sales by merchandise category 2021 2020 2021 2020 Grocery $ 55,560 $ 50,683 $ 161,600 $ 155,149 General merchandise 28,544 26,927 90,858 84,075 Health and wellness 11,030 9,806 31,480 28,560 Other categories 1,475 937 4,030 2,594 Total $ 96,609 $ 88,353 $ 287,968 $ 270,378 |
Walmart International | |
Disaggregation of Revenue [Line Items] | |
Disaggregation of Revenue | (Amounts in millions) Three Months Ended October 31, Nine Months Ended October 31, Walmart International net sales by market 2021 2020 2021 2020 Mexico and Central America $ 8,718 $ 7,429 $ 25,706 $ 23,133 United Kingdom — 7,249 3,811 21,079 Canada 5,507 4,969 15,847 14,383 China 3,538 2,787 10,313 8,735 Other 5,864 7,120 18,285 19,157 Total $ 23,627 $ 29,554 $ 73,962 $ 86,487 |
Sam's Club | |
Disaggregation of Revenue [Line Items] | |
Disaggregation of Revenue | (Amounts in millions) Three Months Ended October 31, Nine Months Ended October 31, Sam’s Club net sales by merchandise category 2021 2020 2021 2020 Grocery and consumables $ 12,335 $ 10,450 $ 35,018 $ 31,526 Fuel, tobacco and other categories 2,932 1,942 8,047 6,023 Home and apparel 1,976 1,693 6,252 4,926 Health and wellness 1,037 1,017 2,934 2,849 Technology, office and entertainment 691 743 2,056 2,059 Total $ 18,971 $ 15,845 $ 54,307 $ 47,383 |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies - Investments (Details) $ in Billions | Oct. 31, 2021USD ($) |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Debt securities, trading | $ 1 |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies - Indemnification Liabilities (Details) - Indemnification - USD ($) $ in Billions | Oct. 31, 2021 | Jan. 31, 2021 |
Guarantor Obligations [Line Items] | ||
Indemnification liability | $ 0.8 | $ 0.6 |
Maximum amount of potential future payments | $ 3.5 |
Net Income Per Common Share (De
Net Income Per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 3 Months Ended | 9 Months Ended | ||||||
Oct. 31, 2021 | Jul. 31, 2021 | Apr. 30, 2021 | Oct. 31, 2020 | Jul. 31, 2020 | Apr. 30, 2020 | Oct. 31, 2021 | Oct. 31, 2020 | |
Numerator | ||||||||
Consolidated net income | $ 3,132 | $ 4,364 | $ 2,811 | $ 5,201 | $ 6,439 | $ 4,074 | $ 10,307 | $ 15,714 |
Consolidated net income attributable to noncontrolling interest | (27) | (66) | (196) | (113) | ||||
Consolidated net income attributable to Walmart | $ 3,105 | $ 5,135 | $ 10,111 | $ 15,601 | ||||
Denominator | ||||||||
Weighted-average common shares outstanding, basic (in shares) | 2,785 | 2,833 | 2,799 | 2,832 | ||||
Dilutive impact of share-based awards (in shares) | 12 | 16 | 14 | 17 | ||||
Weighted-average common shares outstanding, diluted (in shares) | 2,797 | 2,849 | 2,813 | 2,849 | ||||
Net income per common share attributable to Walmart | ||||||||
Basic (in dollars per share) | $ 1.11 | $ 1.81 | $ 3.61 | $ 5.51 | ||||
Diluted (in dollars per share) | $ 1.11 | $ 1.80 | $ 3.59 | $ 5.48 |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions | 3 Months Ended | |||||
Oct. 31, 2021 | Jul. 31, 2021 | Apr. 30, 2021 | Oct. 31, 2020 | Jul. 31, 2020 | Apr. 30, 2020 | |
Accumulated Other Comprehensive Income Loss [Line Items] | ||||||
Beginning balance | $ 87,127 | $ 84,592 | $ 87,531 | $ 81,197 | $ 74,110 | $ 81,552 |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | (507) | (73) | (259) | 1,136 | 356 | (3,398) |
Reclassifications related to business dispositions | 4,059 | |||||
Reclassifications to income, net | (5) | 43 | 20 | 32 | 28 | 35 |
Ending balance | 90,757 | 87,127 | 84,592 | 87,504 | 81,197 | 74,110 |
AOCI Including Portion Attributable to Noncontrolling Interest | ||||||
Accumulated Other Comprehensive Income Loss [Line Items] | ||||||
Beginning balance | (7,976) | (7,946) | (11,766) | (15,784) | (16,168) | (12,805) |
Ending balance | (8,488) | (7,976) | (7,946) | (14,616) | (15,784) | (16,168) |
Currency Translation and Other | ||||||
Accumulated Other Comprehensive Income Loss [Line Items] | ||||||
Beginning balance | (7,616) | (7,739) | (10,772) | (14,837) | (15,083) | (11,827) |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | (330) | 123 | (225) | 1,153 | 246 | (3,256) |
Reclassifications related to business dispositions | 3,258 | |||||
Reclassifications to income, net | 0 | 0 | 0 | 0 | 0 | 0 |
Ending balance | (7,946) | (7,616) | (7,739) | (13,684) | (14,837) | (15,083) |
Net Investment Hedges | ||||||
Accumulated Other Comprehensive Income Loss [Line Items] | ||||||
Beginning balance | 94 | 94 | 1,296 | 1,483 | 1,674 | 1,517 |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 0 | 0 | (7) | (1) | (191) | 157 |
Reclassifications related to business dispositions | (1,195) | |||||
Reclassifications to income, net | 0 | 0 | 0 | 0 | 0 | 0 |
Ending balance | 94 | 94 | 94 | 1,482 | 1,483 | 1,674 |
Cash Flow Hedges | ||||||
Accumulated Other Comprehensive Income Loss [Line Items] | ||||||
Beginning balance | (439) | (284) | (304) | (505) | (818) | (539) |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | (181) | (193) | (26) | (13) | 303 | (295) |
Reclassifications related to business dispositions | 30 | |||||
Reclassifications to income, net | (2) | 38 | 16 | 13 | 10 | 16 |
Ending balance | (622) | (439) | (284) | (505) | (505) | (818) |
Minimum Pension Liability | ||||||
Accumulated Other Comprehensive Income Loss [Line Items] | ||||||
Beginning balance | (15) | (17) | (1,986) | (1,925) | (1,941) | (1,956) |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 4 | (3) | (1) | (3) | (2) | (4) |
Reclassifications related to business dispositions | 1,966 | |||||
Reclassifications to income, net | (3) | 5 | 4 | 19 | 18 | 19 |
Ending balance | $ (14) | $ (15) | $ (17) | $ (1,909) | $ (1,925) | $ (1,941) |
Short-term Borrowings and Lon_3
Short-term Borrowings and Long-term Debt (Narrative) (Details) - USD ($) | 1 Months Ended | 3 Months Ended | 9 Months Ended | |||
Apr. 30, 2021 | Oct. 31, 2021 | Oct. 31, 2020 | Oct. 31, 2021 | Oct. 31, 2020 | Jan. 31, 2021 | |
Debt Instrument [Line Items] | ||||||
Loss on extinguishment of debt | $ 2,410,000,000 | $ 0 | $ 2,410,000,000 | $ 0 | ||
Premiums paid to extinguish debt | 2,317,000,000 | $ 0 | ||||
Domestic Line of Credit | ||||||
Debt Instrument [Line Items] | ||||||
Committed line of credit | 15,000,000,000 | 15,000,000,000 | $ 15,000,000,000 | |||
Revolving Credit Facility | Domestic Line of Credit | ||||||
Debt Instrument [Line Items] | ||||||
Debt instrument, term | 364 days | |||||
Debt outstanding | 10,000,000,000 | 10,000,000,000 | ||||
Five Year Credit Facility | Domestic Line of Credit | ||||||
Debt Instrument [Line Items] | ||||||
Debt instrument, term | 5 years | |||||
Committed line of credit | $ 5,000,000,000 | $ 5,000,000,000 |
Short-term Borrowings and Lon_4
Short-term Borrowings and Long-term Debt (Schedule of Long-term Debt Instruments) (Details) - USD ($) $ in Millions | 9 Months Ended | |
Oct. 31, 2021 | Oct. 31, 2020 | |
Long-term debt due within one year | ||
Balances as of February 1, 2021 | $ 3,115 | |
Proceeds from issuance of long-term debt | 0 | |
Repayments of long-term debt | (3,010) | |
Reclassifications of long-term debt | 1,461 | |
Other | 9 | |
Balances as of October 31, 2021 | 1,575 | $ 4,358 |
Long-term debt | ||
Balances as of February 1, 2021 | 41,194 | |
Proceeds from issuance of long-term debt | 6,945 | 0 |
Repayments of long-term debt | (10,000) | |
Reclassifications of long-term debt | (1,461) | |
Other | (253) | |
Balances as of October 31, 2021 | 36,425 | 40,849 |
Total | ||
Balances as of February 1, 2021 | 44,309 | |
Proceeds from issuance of long-term debt | 6,945 | 0 |
Repayments of long-term debt | (13,010) | $ (4,132) |
Reclassifications of long-term debt | 0 | |
Other | (244) | |
Balances as of October 31, 2021 | $ 38,000 |
Short-term Borrowings and Lon_5
Short-term Borrowings and Long-term Debt (Debt Issued) (Details) - USD ($) $ in Millions | 9 Months Ended | |
Oct. 31, 2021 | Oct. 31, 2020 | |
Debt Instrument [Line Items] | ||
Proceeds from issuance of long-term debt | $ 6,945 | $ 0 |
Senior Unsecured Notes | ||
Debt Instrument [Line Items] | ||
Proceeds from issuance of long-term debt | 6,945 | |
Senior Unsecured Notes | 1.050% Debt, Due 2026 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 1,250 | |
Interest Rate | 1.05% | |
Proceeds from issuance of long-term debt | $ 1,243 | |
Senior Unsecured Notes | 1.500% Debt, Due 2028 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 1,250 | |
Interest Rate | 1.50% | |
Proceeds from issuance of long-term debt | $ 1,244 | |
Senior Unsecured Notes | 1.800% Debt, Due 2031 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 2,000 | |
Interest Rate | 1.80% | |
Proceeds from issuance of long-term debt | $ 1,981 | |
Senior Unsecured Notes | 2.500% Debt, Due 2041 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 1,000 | |
Interest Rate | 2.50% | |
Proceeds from issuance of long-term debt | $ 994 | |
Senior Unsecured Notes | 2.650% Debt, Due 2051 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 1,500 | |
Interest Rate | 2.65% | |
Proceeds from issuance of long-term debt | $ 1,483 |
Short-term Borrowings and Lon_6
Short-term Borrowings and Long-term Debt (Repayments of Debt) (Details) - USD ($) $ in Millions | 9 Months Ended | |
Oct. 31, 2021 | Oct. 31, 2020 | |
Debt Instrument [Line Items] | ||
Total repayment of matured debt | $ 3,010 | |
Repayment | 10,000 | |
Repayments of Long-term Debt | 13,010 | $ 4,132 |
4.250% Debt, Due 2021 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 510 | |
Interest Rate | 4.25% | |
Total repayment of matured debt | $ 510 | |
Floating Rate Debt, Due 2021 | ||
Debt Instrument [Line Items] | ||
Principal Amount | 750 | |
Total repayment of matured debt | 750 | |
3.125% Debt, Due 2021 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 1,750 | |
Interest Rate | 3.125% | |
Total repayment of matured debt | $ 1,750 | |
3.400% Debt, Due 2023 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 2,750 | |
Interest Rate | 3.40% | |
Repayment | $ 470 | |
6.750% Debt, Due 2023 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 152 | |
Interest Rate | 6.75% | |
Repayment | $ 2 | |
2.850% Debt, Due 2024 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 1,500 | |
Interest Rate | 2.85% | |
Repayment | $ 510 | |
2.650% Debt, Due 2024 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 1,000 | |
Interest Rate | 2.65% | |
Repayment | $ 370 | |
3.550% Debt, Due 2025 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 1,500 | |
Interest Rate | 3.55% | |
Repayment | $ 625 | |
3.050% Debt, Due 2026 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 1,250 | |
Interest Rate | 3.05% | |
Repayment | $ 451 | |
5.875% Debt, Due 2027 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 483 | |
Interest Rate | 5.875% | |
Repayment | $ 110 | |
3.700% Debt, Due 2028 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 2,750 | |
Interest Rate | 3.70% | |
Repayment | $ 1,271 | |
3.250% Debt, Due 2029 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 1,250 | |
Interest Rate | 3.25% | |
Repayment | $ 517 | |
2.375% Debt, Due 2029 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 500 | |
Interest Rate | 2.375% | |
Repayment | $ 181 | |
7.550% Debt, Due 2030 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 588 | |
Interest Rate | 7.55% | |
Repayment | $ 119 | |
5.250% Debt, Due 2035 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 1,968 | |
Interest Rate | 5.25% | |
Repayment | $ 635 | |
6.500% Debt, Due 2037 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 1,300 | |
Interest Rate | 6.50% | |
Repayment | $ 262 | |
6.200% Debt, Due 2038 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 919 | |
Interest Rate | 6.20% | |
Repayment | $ 116 | |
3.950% Debt, Due 2038 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 1,500 | |
Interest Rate | 3.95% | |
Repayment | $ 925 | |
5.625% Debt, Due 2040 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 751 | |
Interest Rate | 5.625% | |
Repayment | $ 142 | |
4.875% Debt, Due 2040 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 378 | |
Interest Rate | 4.875% | |
Repayment | $ 101 | |
5.000% Debt, Due 2040 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 519 | |
Interest Rate | 5.00% | |
Repayment | $ 125 | |
5.625% Debt, Due 2041 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 918 | |
Interest Rate | 5.625% | |
Repayment | $ 305 | |
4.000% Debt, Due 2043 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 709 | |
Interest Rate | 4.00% | |
Repayment | $ 296 | |
4.750% Debt, Due 2043 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 269 | |
Interest Rate | 4.75% | |
Repayment | $ 38 | |
4.300% Debt, Due 2044 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 502 | |
Interest Rate | 4.30% | |
Repayment | $ 172 | |
3.625% Debt, Due 2047 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 1,000 | |
Interest Rate | 3.625% | |
Repayment | $ 566 | |
4.050% Debt, Due 2048 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 3,000 | |
Interest Rate | 4.05% | |
Repayment | $ 1,317 | |
2.950% Debt, Due 2049 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 1,000 | |
Interest Rate | 2.95% | |
Repayment | $ 371 |
Fair Value Measurement (Equity
Fair Value Measurement (Equity Investments) (Details) - Recurring - USD ($) $ in Millions | Oct. 31, 2021 | Jan. 31, 2021 |
Equity Investments [Line Items] | ||
Equity investments | $ 12,464 | $ 14,422 |
Inputs, Level 1 | ||
Equity Investments [Line Items] | ||
Equity investments | 6,124 | 6,517 |
Inputs, Level 2 | ||
Equity Investments [Line Items] | ||
Equity investments | $ 6,340 | $ 7,905 |
Fair Value Measurements (Notion
Fair Value Measurements (Notional Amounts And Fair Values Of Interest Rate Swaps) (Details) - USD ($) $ in Millions | Oct. 31, 2021 | Jan. 31, 2021 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Notional Amount | $ 12,805 | $ 9,573 |
Fair value hedging | Interest Rate Swap | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Notional Amount | 4,719 | 3,250 |
Net investment hedging | Cross-currency swaps | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Notional Amount | 0 | 1,250 |
Cash flow hedges | Cross-currency swaps | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Notional Amount | 8,086 | 5,073 |
Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | (790) | 83 |
Recurring | Fair value hedging | Interest Rate Swap | Inputs, Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 91 | 166 |
Recurring | Net investment hedging | Cross-currency swaps | Inputs, Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 0 | 311 |
Recurring | Cash flow hedges | Cross-currency swaps | Inputs, Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | $ (881) | $ (394) |
Fair Value Measurements (Narrat
Fair Value Measurements (Narrative) (Details) $ in Billions | 3 Months Ended |
Apr. 30, 2021USD ($) | |
Fair Value Disclosures [Abstract] | |
Impairment charges | $ 0.4 |
Fair Value Measurements (Carryi
Fair Value Measurements (Carrying Value And Fair Value Of Long-Term Debt) (Details) - USD ($) $ in Millions | Oct. 31, 2021 | Jan. 31, 2021 |
Carrying Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt | $ 38,000 | $ 44,309 |
Fair Value, Inputs, Level 2 | Fair Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt | $ 44,354 | $ 54,240 |
Divestitures (Details)
Divestitures (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||||
Apr. 30, 2021 | Oct. 31, 2021 | Oct. 31, 2020 | Mar. 31, 2021 | Feb. 28, 2021 | Jan. 31, 2021 | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||
Total assets | $ 244,851 | $ 250,863 | $ 252,496 | |||
Losses on disposal of business operations | 433 | $ 1,028 | ||||
Walmart International | ||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||
Total assets | 94,800 | $ 109,400 | ||||
Asda | Disposal Group, Disposed of by Sale, Not Discontinued Operations | ||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||
Consideration from divestiture | $ 9,600 | |||||
Losses on disposal of business operations | $ 200 | |||||
Seiyu | ||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||
Ownership interest percentage | 15.00% | |||||
Seiyu | Disposal Group, Disposed of by Sale, Not Discontinued Operations | ||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||
Consideration from divestiture | $ 1,200 | |||||
Losses on disposal of business operations | $ 200 |
Contingencies (Details)
Contingencies (Details) - Opioids Litigation | Nov. 19, 2021securitiesClassActions | Oct. 31, 2021securitiesClassActionsnumberOfShareholders | Sep. 27, 2021numberOfShareholders |
Loss Contingencies [Line Items] | |||
Number of securities class actions | 2 | ||
Number of shareholders that filed derivative actions | numberOfShareholders | 2 | 3 | |
Subsequent Event | |||
Loss Contingencies [Line Items] | |||
Number of securities class actions | 2 |
Segments and Disaggregated Re_3
Segments and Disaggregated Revenue (Narrative) (Details) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Oct. 31, 2021USD ($) | Oct. 31, 2020USD ($) | Oct. 31, 2021USD ($)segment | Oct. 31, 2020USD ($) | |
Revenue from External Customer [Line Items] | ||||
Number of reportable segments | segment | 3 | |||
Net sales | $ 139,207 | $ 133,752 | $ 416,237 | $ 404,248 |
Walmart U.S. | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 96,609 | 88,353 | 287,968 | 270,378 |
Walmart International | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 23,627 | 29,554 | 73,962 | 86,487 |
Sam's Club | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 18,971 | 15,845 | 54,307 | 47,383 |
eCommerceMember | Walmart U.S. | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 11,100 | 10,300 | 33,600 | 29,100 |
eCommerceMember | Walmart International | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 4,300 | 4,300 | 12,700 | 10,500 |
eCommerceMember | Sam's Club | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | $ 1,700 | $ 1,300 | $ 4,900 | $ 3,700 |
Segments and Disaggregated Re_4
Segments and Disaggregated Revenue (Net Sales) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Oct. 31, 2021 | Oct. 31, 2020 | Oct. 31, 2021 | Oct. 31, 2020 | |
Segment Reporting Information [Line Items] | ||||
Net sales | $ 139,207 | $ 133,752 | $ 416,237 | $ 404,248 |
Walmart U.S. | ||||
Segment Reporting Information [Line Items] | ||||
Net sales | 96,609 | 88,353 | 287,968 | 270,378 |
Walmart International | ||||
Segment Reporting Information [Line Items] | ||||
Net sales | 23,627 | 29,554 | 73,962 | 86,487 |
Sam's Club | ||||
Segment Reporting Information [Line Items] | ||||
Net sales | $ 18,971 | $ 15,845 | $ 54,307 | $ 47,383 |
Segments and Disaggregated Re_5
Segments and Disaggregated Revenue (Operating Income by Segment, Interest, Net, Loss on extinguishment of debt, and Unrealized (Gains) and Losses) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Oct. 31, 2021 | Oct. 31, 2020 | Oct. 31, 2021 | Oct. 31, 2020 | |
Segment Reporting Information [Line Items] | ||||
Operating income | $ 5,792 | $ 5,778 | $ 20,055 | $ 17,061 |
Interest, net | 442 | 516 | 1,456 | 1,700 |
Loss on extinguishment of debt | 2,410 | 0 | 2,410 | 0 |
Other (gains) and losses | (1,207) | (1,853) | 2,275 | (5,796) |
Income before income taxes | 4,147 | 7,115 | 13,914 | 21,157 |
Corporate and support | ||||
Segment Reporting Information [Line Items] | ||||
Operating income | (414) | (320) | (985) | (1,100) |
Walmart U.S. | Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Operating income | 4,860 | 4,589 | 16,404 | 13,948 |
Walmart International | Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Operating income | 871 | 1,078 | 2,926 | 2,696 |
Sam's Club | Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Operating income | $ 475 | $ 431 | $ 1,710 | $ 1,517 |
Segments and Disaggregated Re_6
Segments and Disaggregated Revenue (Revenue, Walmart US) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Oct. 31, 2021 | Oct. 31, 2020 | Oct. 31, 2021 | Oct. 31, 2020 | |
Revenue from External Customer [Line Items] | ||||
Net sales | $ 139,207 | $ 133,752 | $ 416,237 | $ 404,248 |
Walmart U.S. | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 96,609 | 88,353 | 287,968 | 270,378 |
Walmart U.S. | Grocery | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 55,560 | 50,683 | 161,600 | 155,149 |
Walmart U.S. | General merchandise | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 28,544 | 26,927 | 90,858 | 84,075 |
Walmart U.S. | Health and wellness | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 11,030 | 9,806 | 31,480 | 28,560 |
Walmart U.S. | Other categories | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | $ 1,475 | $ 937 | $ 4,030 | $ 2,594 |
Segments and Disaggregated Re_7
Segments and Disaggregated Revenue (Revenue, International) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Oct. 31, 2021 | Oct. 31, 2020 | Oct. 31, 2021 | Oct. 31, 2020 | |
Revenue from External Customer [Line Items] | ||||
Net sales | $ 139,207 | $ 133,752 | $ 416,237 | $ 404,248 |
Walmart International | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 23,627 | 29,554 | 73,962 | 86,487 |
Mexico and Central America | Walmart International | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 8,718 | 7,429 | 25,706 | 23,133 |
United Kingdom | Walmart International | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 0 | 7,249 | 3,811 | 21,079 |
Canada | Walmart International | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 5,507 | 4,969 | 15,847 | 14,383 |
China | Walmart International | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 3,538 | 2,787 | 10,313 | 8,735 |
Other | Walmart International | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | $ 5,864 | $ 7,120 | $ 18,285 | $ 19,157 |
Segments and Disaggregated Re_8
Segments and Disaggregated Revenue (Revenue, Sam's Club) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Oct. 31, 2021 | Oct. 31, 2020 | Oct. 31, 2021 | Oct. 31, 2020 | |
Revenue from External Customer [Line Items] | ||||
Net sales | $ 139,207 | $ 133,752 | $ 416,237 | $ 404,248 |
Sam's Club | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 18,971 | 15,845 | 54,307 | 47,383 |
Sam's Club | eCommerceMember | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 1,700 | 1,300 | 4,900 | 3,700 |
Sam's Club | Grocery and consumables | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 12,335 | 10,450 | 35,018 | 31,526 |
Sam's Club | Fuel, tobacco and other categories | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 2,932 | 1,942 | 8,047 | 6,023 |
Sam's Club | Home and apparel | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 1,976 | 1,693 | 6,252 | 4,926 |
Sam's Club | Health and wellness | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 1,037 | 1,017 | 2,934 | 2,849 |
Sam's Club | Technology, office and entertainment | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | $ 691 | $ 743 | $ 2,056 | $ 2,059 |