| Segments
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• | insurance companies resulting from pharmacy sales; |
• | banks for customer credit cards, debit cards and electronic bank transfers that take in excess of seven days to process; |
• | suppliers for marketing or incentive programs; |
• | consumer financing programs in certain international operations; and |
• | real estate transactions. |
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(Amounts in millions) | Currency Translation and Other | Derivative Instruments | Minimum Pension Liability | Total | ||||||||||||
Balances as of February 1, 2012 | $ | (806 | ) | $ | (7 | ) | $ | (597 | ) | $ | (1,410 | ) | ||||
Other comprehensive income (loss) | 260 | (385 | ) | 4 | (121 | ) | ||||||||||
Balances as of July 31, 2012 | $ | (546 | ) | $ | (392 | ) | $ | (593 | ) | $ | (1,531 | ) |
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• | Level 1 - Observable inputs such as quoted prices in active markets; |
• | Level 2 - Inputs other than quoted prices in active markets that are either directly or indirectly observable; and |
• | Level 3 - Unobservable inputs for which little or no market data exists, therefore requiring the Company to develop its own assumptions. |
July 31, 2012 | January 31, 2012 | ||||||||||||||
(Amounts in millions) | Notional Amount | Fair Value | Notional Amount | Fair Value | |||||||||||
Receive fixed-rate, pay floating-rate interest rate swaps designated as fair value hedges | $ | 3,445 | $ | 122 | $ | 3,945 | $ | 183 | |||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as net investment hedges | 1,250 | 334 | 1,250 | 316 | |||||||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as cash flow hedges | 2,798 | (229 | ) | 2,884 | (3 | ) | |||||||||
Receive floating-rate, pay fixed-rate interest rate swaps designated as cash flow hedges | 1,240 | (13 | ) | 1,270 | (16 | ) | |||||||||
Receive floating-rate, pay fixed-rate forward starting interest rate swaps designated as cash flow hedges | 5,000 | (376 | ) | — | — | ||||||||||
Total | $ | 13,733 | $ | (162 | ) | $ | 9,349 | $ | 480 |
July 31, 2012 | January 31, 2012 | |||||||||||||||
(Amounts in millions) | Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||
Long-term debt, including amounts due within one year | $ | 45,231 | $ | 54,183 | $ | 46,045 | $ | 53,043 |
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(Amounts in millions) | July 31, 2012 | January 31, 2012 | |||||
Long-term debt due within one year | $ | 781 | $ | 785 | |||
Long-term debt | 7,439 | 7,546 | |||||
Liability subtotals | $ | 8,220 | $ | 8,331 |
July 31, 2012 | January 31, 2012 | ||||||||||||||||||||||
(Amounts in millions) | Fair Value Instruments | Net Investment Instruments | Cash Flow Instruments | Fair Value Instruments | Net Investment Instruments | Cash Flow Instruments | |||||||||||||||||
Prepaid expenses and other | $ | 80 | $ | — | $ | — | $ | 2 | $ | — | $ | — | |||||||||||
Other assets and deferred charges | 42 | 334 | 106 | 181 | 316 | 91 | |||||||||||||||||
Asset subtotals | $ | 122 | $ | 334 | $ | 106 | $ | 183 | $ | 316 | $ | 91 | |||||||||||
Long-term debt due within one year (hedged item) | $ | 80 | $ | — | $ | — | $ | 2 | $ | — | $ | — | |||||||||||
Long-term debt (hedged item) | 42 | — | — | 181 | — | — | |||||||||||||||||
Deferred income taxes and other | — | — | 724 | — | — | 110 | |||||||||||||||||
Liability subtotals | $ | 122 | $ | — | $ | 724 | $ | 183 | $ | — | $ | 110 |
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Record Date | Payable Date | |
March 12, 2012 | April 4, 2012 | |
May 11, 2012 | June 4, 2012 | |
August 10, 2012 | September 4, 2012 | |
December 7, 2012 | January 2, 2013 |
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Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||
(Amounts in millions) | 2012 | 2011 | 2012 | 2011 | ||||||||||||
Net sales: | ||||||||||||||||
Walmart U.S. | $ | 67,357 | $ | 64,893 | $ | 133,698 | $ | 127,562 | ||||||||
Walmart International | 32,016 | 30,099 | 64,093 | 58,004 | ||||||||||||
Sam’s Club | 14,161 | 13,646 | 28,015 | 26,487 | ||||||||||||
Net sales | $ | 113,534 | $ | 108,638 | $ | 225,806 | $ | 212,053 |
Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||
(Amounts in millions) | 2012 | 2011 | 2012 | 2011 | ||||||||||||
Segment operating income: | ||||||||||||||||
Walmart U.S. | $ | 5,251 | $ | 4,989 | $ | 10,284 | $ | 9,646 | ||||||||
Walmart International | 1,484 | 1,408 | 2,803 | 2,496 | ||||||||||||
Sam’s Club | 536 | 487 | 1,026 | 942 | ||||||||||||
Other unallocated | (573 | ) | (501 | ) | (1,028 | ) | (805 | ) | ||||||||
Operating income | 6,698 | 6,383 | 13,085 | 12,279 | ||||||||||||
Interest, net | 505 | 578 | 1,040 | 1,096 | ||||||||||||
Income from continuing operations before income taxes | $ | 6,193 | $ | 5,805 | $ | 12,045 | $ | 11,183 |
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(Amounts in millions) | Currency Translation and Other | Derivative Instruments | Minimum Pension Liability | Total | ||||||||||||
Balances as of February 1, 2012 | $ | (806 | ) | $ | (7 | ) | $ | (597 | ) | $ | (1,410 | ) | ||||
Other comprehensive income (loss) | 260 | (385 | ) | 4 | (121 | ) | ||||||||||
Balances as of July 31, 2012 | $ | (546 | ) | $ | (392 | ) | $ | (593 | ) | $ | (1,531 | ) |
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July 31, 2012 | January 31, 2012 | ||||||||||||||
(Amounts in millions) | Notional Amount | Fair Value | Notional Amount | Fair Value | |||||||||||
Receive fixed-rate, pay floating-rate interest rate swaps designated as fair value hedges | $ | 3,445 | $ | 122 | $ | 3,945 | $ | 183 | |||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as net investment hedges | 1,250 | 334 | 1,250 | 316 | |||||||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as cash flow hedges | 2,798 | (229 | ) | 2,884 | (3 | ) | |||||||||
Receive floating-rate, pay fixed-rate interest rate swaps designated as cash flow hedges | 1,240 | (13 | ) | 1,270 | (16 | ) | |||||||||
Receive floating-rate, pay fixed-rate forward starting interest rate swaps designated as cash flow hedges | 5,000 | (376 | ) | — | — | ||||||||||
Total | $ | 13,733 | $ | (162 | ) | $ | 9,349 | $ | 480 |
July 31, 2012 | January 31, 2012 | |||||||||||||||
(Amounts in millions) | Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||
Long-term debt, including amounts due within one year | $ | 45,231 | $ | 54,183 | $ | 46,045 | $ | 53,043 |
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(Amounts in millions) | July 31, 2012 | January 31, 2012 | |||||
Long-term debt due within one year | $ | 781 | $ | 785 | |||
Long-term debt | 7,439 | 7,546 | |||||
Liability subtotals | $ | 8,220 | $ | 8,331 |
July 31, 2012 | January 31, 2012 | ||||||||||||||||||||||
(Amounts in millions) | Fair Value Instruments | Net Investment Instruments | Cash Flow Instruments | Fair Value Instruments | Net Investment Instruments | Cash Flow Instruments | |||||||||||||||||
Prepaid expenses and other | $ | 80 | $ | — | $ | — | $ | 2 | $ | — | $ | — | |||||||||||
Other assets and deferred charges | 42 | 334 | 106 | 181 | 316 | 91 | |||||||||||||||||
Asset subtotals | $ | 122 | $ | 334 | $ | 106 | $ | 183 | $ | 316 | $ | 91 | |||||||||||
Long-term debt due within one year (hedged item) | $ | 80 | $ | — | $ | — | $ | 2 | $ | — | $ | — | |||||||||||
Long-term debt (hedged item) | 42 | — | — | 181 | — | — | |||||||||||||||||
Deferred income taxes and other | — | — | 724 | — | — | 110 | |||||||||||||||||
Liability subtotals | $ | 122 | $ | — | $ | 724 | $ | 183 | $ | — | $ | 110 |
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Record Date | Payable Date | |
March 12, 2012 | April 4, 2012 | |
May 11, 2012 | June 4, 2012 | |
August 10, 2012 | September 4, 2012 | |
December 7, 2012 | January 2, 2013 |
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Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||
(Amounts in millions) | 2012 | 2011 | 2012 | 2011 | ||||||||||||
Net sales: | ||||||||||||||||
Walmart U.S. | $ | 67,357 | $ | 64,893 | $ | 133,698 | $ | 127,562 | ||||||||
Walmart International | 32,016 | 30,099 | 64,093 | 58,004 | ||||||||||||
Sam’s Club | 14,161 | 13,646 | 28,015 | 26,487 | ||||||||||||
Net sales | $ | 113,534 | $ | 108,638 | $ | 225,806 | $ | 212,053 |
Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||
(Amounts in millions) | 2012 | 2011 | 2012 | 2011 | ||||||||||||
Segment operating income: | ||||||||||||||||
Walmart U.S. | $ | 5,251 | $ | 4,989 | $ | 10,284 | $ | 9,646 | ||||||||
Walmart International | 1,484 | 1,408 | 2,803 | 2,496 | ||||||||||||
Sam’s Club | 536 | 487 | 1,026 | 942 | ||||||||||||
Other unallocated | (573 | ) | (501 | ) | (1,028 | ) | (805 | ) | ||||||||
Operating income | 6,698 | 6,383 | 13,085 | 12,279 | ||||||||||||
Interest, net | 505 | 578 | 1,040 | 1,096 | ||||||||||||
Income from continuing operations before income taxes | $ | 6,193 | $ | 5,805 | $ | 12,045 | $ | 11,183 |
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