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• | insurance companies resulting from pharmacy sales; |
• | banks for customer credit and debit cards and electronic bank transfers that take in excess of seven days to process; |
• | consumer financing programs in certain international operations; |
• | suppliers for marketing or incentive programs; and |
• | real estate transactions. |
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(Amounts in millions and net of income taxes) | Currency Translation and Other | Net Investment Hedges | Cash Flow Hedges | Minimum Pension Liability | Total | |||||||||||||||
Balances as of February 1, 2015 | $ | (7,011 | ) | $ | 656 | $ | (134 | ) | $ | (679 | ) | $ | (7,168 | ) | ||||||
Other comprehensive income (loss) before reclassifications | (1,194 | ) | (81 | ) | (39 | ) | 80 | (1,234 | ) | |||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | — | — | 20 | (6 | ) | 14 | ||||||||||||||
Balances as of July 31, 2015 | $ | (8,205 | ) | $ | 575 | $ | (153 | ) | $ | (605 | ) | $ | (8,388 | ) |
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(Amounts in millions) | Long-term debt due within one year | Long-term debt | Total | |||||||||
Balances as of February 1, 2015 | $ | 4,791 | $ | 40,889 | $ | 45,680 | ||||||
Proceeds from long-term debt | — | 42 | 42 | |||||||||
Repayments of long-term debt | (3,159 | ) | — | (3,159 | ) | |||||||
Reclassifications of long-term debt | 2,000 | (2,000 | ) | — | ||||||||
Other | 392 | (350 | ) | 42 | ||||||||
Balances as of July 31, 2015 | $ | 4,024 | $ | 38,581 | $ | 42,605 |
(Amounts in millions) | ||||||||||
Maturity Date | Principal Amount | Fixed vs. Floating | Interest Rate | Repayment | ||||||
April 1, 2015 | 750 USD | Fixed | 2.875% | $ | 750 | |||||
July 1, 2015 | 750 USD | Fixed | 4.500% | 750 | ||||||
July 8, 2015 | 750 USD | Fixed | 2.250% | 750 | ||||||
July 28, 2015 | 30,000 JPY | Floating | Floating | 243 | ||||||
July 28, 2015 | 60,000 JPY | Fixed | 0.940% | 487 | ||||||
$ | 2,980 |
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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, 2015 | January 31, 2015 | ||||||||||||||
(Amounts in millions) | Notional Amount | Fair Value | Notional Amount | Fair Value | |||||||||||
Receive fixed-rate, pay variable-rate interest rate swaps designated as fair value hedges | $ | 5,000 | $ | (11 | ) | $ | 500 | $ | 12 | ||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as net investment hedges | 1,250 | 154 | 1,250 | 207 | |||||||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as cash flow hedges | 4,358 | (271 | ) | 4,329 | (317 | ) | |||||||||
Receive variable-rate, pay fixed-rate interest rate swaps designated as cash flow hedges | — | — | 255 | (1 | ) | ||||||||||
Total | $ | 10,608 | $ | (128 | ) | $ | 6,334 | $ | (99 | ) |
July 31, 2015 | January 31, 2015 | |||||||||||||||
(Amounts in millions) | Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||
Long-term debt, including amounts due within one year | $ | 42,605 | $ | 48,961 | $ | 45,680 | $ | 56,237 |
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July 31, 2015 | January 31, 2015 | ||||||||||||||||||||||
(Amounts in millions) | Fair Value Instruments | Net Investment Instruments | Cash Flow Instruments | Fair Value Instruments | Net Investment Instruments | Cash Flow Instruments | |||||||||||||||||
Derivative instruments | |||||||||||||||||||||||
Prepaid expenses and other | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||
Other assets and deferred charges | 11 | 154 | 343 | 12 | 207 | 293 | |||||||||||||||||
Derivative asset subtotals | $ | 11 | $ | 154 | $ | 343 | $ | 12 | $ | 207 | $ | 293 | |||||||||||
Accrued liabilities | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 1 | |||||||||||
Deferred income taxes and other | 22 | — | 614 | — | — | 610 | |||||||||||||||||
Derivative liability subtotals | $ | 22 | $ | — | $ | 614 | $ | — | $ | — | $ | 611 | |||||||||||
Nonderivative hedging instruments | |||||||||||||||||||||||
Long-term debt due within one year | $ | — | $ | — | $ | — | $ | — | $ | 766 | $ | — | |||||||||||
Long-term debt | — | 3,981 | — | — | 3,850 | — | |||||||||||||||||
Nonderivative hedge liability subtotals | $ | — | $ | 3,981 | $ | — | $ | — | $ | 4,616 | $ | — |
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Record Date | Payable Date | |
March 13, 2015 | April 6, 2015 | |
May 8, 2015 | June 1, 2015 | |
August 7, 2015 | September 8, 2015 | |
December 4, 2015 | January 4, 2016 |
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Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||
(Amounts in millions) | 2015 | 2014 | 2015 | 2014 | ||||||||||||
Ongoing inquiries and investigations | $ | 23 | $ | 31 | $ | 48 | $ | 65 | ||||||||
Global compliance program and organizational enhancements | 7 | 12 | 15 | 31 | ||||||||||||
Total | $ | 30 | $ | 43 | $ | 63 | $ | 96 |
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Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||
(Amounts in millions) | 2015 | 2014 | 2015 | 2014 | ||||||||||||
Net sales: | ||||||||||||||||
Walmart U.S. | $ | 73,959 | $ | 70,601 | $ | 144,204 | $ | 138,453 | ||||||||
Walmart International | 30,637 | 33,872 | 60,915 | 66,296 | ||||||||||||
Sam's Club | 14,734 | 14,863 | 28,213 | 28,754 | ||||||||||||
Net sales | $ | 119,330 | $ | 119,336 | $ | 233,332 | $ | 233,503 |
Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||
(Amounts in millions) | 2015 | 2014 | 2015 | 2014 | ||||||||||||
Operating income (loss): | ||||||||||||||||
Walmart U.S. | $ | 4,819 | $ | 5,252 | $ | 9,458 | $ | 10,227 | ||||||||
Walmart International | 1,277 | 1,489 | 2,347 | 2,691 | ||||||||||||
Sam's Club | 428 | 494 | 855 | 973 | ||||||||||||
Corporate and support | (455 | ) | (495 | ) | (911 | ) | (958 | ) | ||||||||
Operating income | 6,069 | 6,740 | 11,749 | 12,933 | ||||||||||||
Interest, net | 543 | 538 | 1,367 | 1,106 | ||||||||||||
Income from continuing operations before income taxes | $ | 5,526 | $ | 6,202 | $ | 10,382 | $ | 11,827 |
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(Amounts in millions and net of income taxes) | Currency Translation and Other | Net Investment Hedges | Cash Flow Hedges | Minimum Pension Liability | Total | |||||||||||||||
Balances as of February 1, 2015 | $ | (7,011 | ) | $ | 656 | $ | (134 | ) | $ | (679 | ) | $ | (7,168 | ) | ||||||
Other comprehensive income (loss) before reclassifications | (1,194 | ) | (81 | ) | (39 | ) | 80 | (1,234 | ) | |||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | — | — | 20 | (6 | ) | 14 | ||||||||||||||
Balances as of July 31, 2015 | $ | (8,205 | ) | $ | 575 | $ | (153 | ) | $ | (605 | ) | $ | (8,388 | ) |
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(Amounts in millions) | Long-term debt due within one year | Long-term debt | Total | |||||||||
Balances as of February 1, 2015 | $ | 4,791 | $ | 40,889 | $ | 45,680 | ||||||
Proceeds from long-term debt | — | 42 | 42 | |||||||||
Repayments of long-term debt | (3,159 | ) | — | (3,159 | ) | |||||||
Reclassifications of long-term debt | 2,000 | (2,000 | ) | — | ||||||||
Other | 392 | (350 | ) | 42 | ||||||||
Balances as of July 31, 2015 | $ | 4,024 | $ | 38,581 | $ | 42,605 |
(Amounts in millions) | ||||||||||
Maturity Date | Principal Amount | Fixed vs. Floating | Interest Rate | Repayment | ||||||
April 1, 2015 | 750 USD | Fixed | 2.875% | $ | 750 | |||||
July 1, 2015 | 750 USD | Fixed | 4.500% | 750 | ||||||
July 8, 2015 | 750 USD | Fixed | 2.250% | 750 | ||||||
July 28, 2015 | 30,000 JPY | Floating | Floating | 243 | ||||||
July 28, 2015 | 60,000 JPY | Fixed | 0.940% | 487 | ||||||
$ | 2,980 |
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July 31, 2015 | January 31, 2015 | ||||||||||||||
(Amounts in millions) | Notional Amount | Fair Value | Notional Amount | Fair Value | |||||||||||
Receive fixed-rate, pay variable-rate interest rate swaps designated as fair value hedges | $ | 5,000 | $ | (11 | ) | $ | 500 | $ | 12 | ||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as net investment hedges | 1,250 | 154 | 1,250 | 207 | |||||||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as cash flow hedges | 4,358 | (271 | ) | 4,329 | (317 | ) | |||||||||
Receive variable-rate, pay fixed-rate interest rate swaps designated as cash flow hedges | — | — | 255 | (1 | ) | ||||||||||
Total | $ | 10,608 | $ | (128 | ) | $ | 6,334 | $ | (99 | ) |
July 31, 2015 | January 31, 2015 | |||||||||||||||
(Amounts in millions) | Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||
Long-term debt, including amounts due within one year | $ | 42,605 | $ | 48,961 | $ | 45,680 | $ | 56,237 |
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July 31, 2015 | January 31, 2015 | ||||||||||||||||||||||
(Amounts in millions) | Fair Value Instruments | Net Investment Instruments | Cash Flow Instruments | Fair Value Instruments | Net Investment Instruments | Cash Flow Instruments | |||||||||||||||||
Derivative instruments | |||||||||||||||||||||||
Prepaid expenses and other | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||
Other assets and deferred charges | 11 | 154 | 343 | 12 | 207 | 293 | |||||||||||||||||
Derivative asset subtotals | $ | 11 | $ | 154 | $ | 343 | $ | 12 | $ | 207 | $ | 293 | |||||||||||
Accrued liabilities | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 1 | |||||||||||
Deferred income taxes and other | 22 | — | 614 | — | — | 610 | |||||||||||||||||
Derivative liability subtotals | $ | 22 | $ | — | $ | 614 | $ | — | $ | — | $ | 611 | |||||||||||
Nonderivative hedging instruments | |||||||||||||||||||||||
Long-term debt due within one year | $ | — | $ | — | $ | — | $ | — | $ | 766 | $ | — | |||||||||||
Long-term debt | — | 3,981 | — | — | 3,850 | — | |||||||||||||||||
Nonderivative hedge liability subtotals | $ | — | $ | 3,981 | $ | — | $ | — | $ | 4,616 | $ | — |
|
Record Date | Payable Date | |
March 13, 2015 | April 6, 2015 | |
May 8, 2015 | June 1, 2015 | |
August 7, 2015 | September 8, 2015 | |
December 4, 2015 | January 4, 2016 |
|
Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||
(Amounts in millions) | 2015 | 2014 | 2015 | 2014 | ||||||||||||
Ongoing inquiries and investigations | $ | 23 | $ | 31 | $ | 48 | $ | 65 | ||||||||
Global compliance program and organizational enhancements | 7 | 12 | 15 | 31 | ||||||||||||
Total | $ | 30 | $ | 43 | $ | 63 | $ | 96 |
|
Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||
(Amounts in millions) | 2015 | 2014 | 2015 | 2014 | ||||||||||||
Net sales: | ||||||||||||||||
Walmart U.S. | $ | 73,959 | $ | 70,601 | $ | 144,204 | $ | 138,453 | ||||||||
Walmart International | 30,637 | 33,872 | 60,915 | 66,296 | ||||||||||||
Sam's Club | 14,734 | 14,863 | 28,213 | 28,754 | ||||||||||||
Net sales | $ | 119,330 | $ | 119,336 | $ | 233,332 | $ | 233,503 |
Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||
(Amounts in millions) | 2015 | 2014 | 2015 | 2014 | ||||||||||||
Operating income (loss): | ||||||||||||||||
Walmart U.S. | $ | 4,819 | $ | 5,252 | $ | 9,458 | $ | 10,227 | ||||||||
Walmart International | 1,277 | 1,489 | 2,347 | 2,691 | ||||||||||||
Sam's Club | 428 | 494 | 855 | 973 | ||||||||||||
Corporate and support | (455 | ) | (495 | ) | (911 | ) | (958 | ) | ||||||||
Operating income | 6,069 | 6,740 | 11,749 | 12,933 | ||||||||||||
Interest, net | 543 | 538 | 1,367 | 1,106 | ||||||||||||
Income from continuing operations before income taxes | $ | 5,526 | $ | 6,202 | $ | 10,382 | $ | 11,827 |
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