| Segments
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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 | Derivative Instruments | Minimum Pension Liability | Total | ||||||||||||
Balances as of February 1, 2013 | $ | 47 | $ | 129 | $ | (763 | ) | $ | (587 | ) | ||||||
Other comprehensive income (loss) before reclassifications | (2,598 | ) | 167 | 112 | (2,319 | ) | ||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | — | 13 | 4 | 17 | ||||||||||||
Balances as of July 31, 2013 | $ | (2,551 | ) | $ | 309 | $ | (647 | ) | $ | (2,889 | ) |
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(Amounts in millions) | ||||||||
Issue Date | Maturity Date | Interest Rate | Principal Amount | |||||
April 11, 2013 | April 11, 2016 | 0.600% | $ | 1,000 | ||||
April 11, 2013 | April 11, 2018 | 1.125% | 1,250 | |||||
April 11, 2013 | April 11, 2023 | 2.550% | 1,750 | |||||
April 11, 2013 | April 11, 2043 | 4.000% | 1,000 | |||||
Total | $ | 5,000 |
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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, 2013 | January 31, 2013 | ||||||||||||||
(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 | $ | 1,000 | $ | 16 | $ | 3,445 | $ | 60 | |||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as net investment hedges | 1,250 | 192 | 1,250 | 223 | |||||||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as cash flow hedges | 2,851 | 326 | 2,944 | 230 | |||||||||||
Receive variable-rate, pay fixed-rate interest rate swaps designated as cash flow hedges | 990 | (2 | ) | 1,056 | (8 | ) | |||||||||
Receive variable-rate, pay fixed-rate forward starting interest rate swaps designated as cash flow hedges | 2,500 | 214 | 5,000 | 10 | |||||||||||
Total | $ | 8,591 | $ | 746 | $ | 13,695 | $ | 515 |
July 31, 2013 | January 31, 2013 | |||||||||||||||
(Amounts in millions) | Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||
Long-term debt, including amounts due within one year | $ | 45,370 | $ | 50,185 | $ | 43,981 | $ | 50,664 |
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July 31, 2013 | January 31, 2013 | ||||||||||||||||||||||
(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 | $ | 16 | $ | — | $ | — | $ | 29 | $ | — | $ | — | |||||||||||
Other assets and deferred charges | — | 192 | 540 | 31 | 223 | 327 | |||||||||||||||||
Derivative asset subtotals | $ | 16 | $ | 192 | $ | 540 | $ | 60 | $ | 223 | $ | 327 | |||||||||||
Accrued liabilities | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 4 | |||||||||||
Deferred income taxes and other | — | — | 2 | — | — | 91 | |||||||||||||||||
Derivative liability subtotals | $ | — | $ | — | $ | 2 | $ | — | $ | — | $ | 95 | |||||||||||
Nonderivative hedging instruments | |||||||||||||||||||||||
Long-term debt due within one year | $ | — | $ | 765 | $ | — | $ | — | $ | 818 | $ | — | |||||||||||
Long-term debt | — | 5,850 | — | — | 6,145 | — | |||||||||||||||||
Nonderivative hedge liability subtotals | $ | — | $ | 6,615 | $ | — | $ | — | $ | 6,963 | $ | — |
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Record Date | Payable Date | |
March 12, 2013 | April 1, 2013 | |
May 10, 2013 | June 3, 2013 | |
August 9, 2013 | September 3, 2013 | |
December 6, 2013 | January 2, 2014 |
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Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||
(Amounts in millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||||
Net sales: | ||||||||||||||||
Walmart U.S. | $ | 68,728 | $ | 67,343 | $ | 135,281 | $ | 133,676 | ||||||||
Walmart International | 32,956 | 32,016 | 65,961 | 64,093 | ||||||||||||
Sam's Club | 14,532 | 14,161 | 28,403 | 28,015 | ||||||||||||
Net sales | $ | 116,216 | $ | 113,520 | $ | 229,645 | $ | 225,784 |
Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||
(Amounts in millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||||
Operating income (loss): | ||||||||||||||||
Walmart U.S. | $ | 5,521 | $ | 5,248 | $ | 10,850 | $ | 10,281 | ||||||||
Walmart International | 1,465 | 1,484 | 2,721 | 2,802 | ||||||||||||
Sam's Club | 551 | 535 | 1,076 | 1,024 | ||||||||||||
Corporate and support | (744 | ) | (569 | ) | (1,398 | ) | (1,022 | ) | ||||||||
Operating income | 6,793 | 6,698 | 13,249 | 13,085 | ||||||||||||
Interest, net | 553 | 505 | 1,083 | 1,040 | ||||||||||||
Income before income taxes | $ | 6,240 | $ | 6,193 | $ | 12,166 | $ | 12,045 |
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(Amounts in millions and net of income taxes) | Currency Translation and Other | Derivative Instruments | Minimum Pension Liability | Total | ||||||||||||
Balances as of February 1, 2013 | $ | 47 | $ | 129 | $ | (763 | ) | $ | (587 | ) | ||||||
Other comprehensive income (loss) before reclassifications | (2,598 | ) | 167 | 112 | (2,319 | ) | ||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | — | 13 | 4 | 17 | ||||||||||||
Balances as of July 31, 2013 | $ | (2,551 | ) | $ | 309 | $ | (647 | ) | $ | (2,889 | ) |
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(Amounts in millions) | ||||||||
Issue Date | Maturity Date | Interest Rate | Principal Amount | |||||
April 11, 2013 | April 11, 2016 | 0.600% | $ | 1,000 | ||||
April 11, 2013 | April 11, 2018 | 1.125% | 1,250 | |||||
April 11, 2013 | April 11, 2023 | 2.550% | 1,750 | |||||
April 11, 2013 | April 11, 2043 | 4.000% | 1,000 | |||||
Total | $ | 5,000 |
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July 31, 2013 | January 31, 2013 | ||||||||||||||
(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 | $ | 1,000 | $ | 16 | $ | 3,445 | $ | 60 | |||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as net investment hedges | 1,250 | 192 | 1,250 | 223 | |||||||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as cash flow hedges | 2,851 | 326 | 2,944 | 230 | |||||||||||
Receive variable-rate, pay fixed-rate interest rate swaps designated as cash flow hedges | 990 | (2 | ) | 1,056 | (8 | ) | |||||||||
Receive variable-rate, pay fixed-rate forward starting interest rate swaps designated as cash flow hedges | 2,500 | 214 | 5,000 | 10 | |||||||||||
Total | $ | 8,591 | $ | 746 | $ | 13,695 | $ | 515 |
July 31, 2013 | January 31, 2013 | |||||||||||||||
(Amounts in millions) | Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||
Long-term debt, including amounts due within one year | $ | 45,370 | $ | 50,185 | $ | 43,981 | $ | 50,664 |
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July 31, 2013 | January 31, 2013 | ||||||||||||||||||||||
(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 | $ | 16 | $ | — | $ | — | $ | 29 | $ | — | $ | — | |||||||||||
Other assets and deferred charges | — | 192 | 540 | 31 | 223 | 327 | |||||||||||||||||
Derivative asset subtotals | $ | 16 | $ | 192 | $ | 540 | $ | 60 | $ | 223 | $ | 327 | |||||||||||
Accrued liabilities | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 4 | |||||||||||
Deferred income taxes and other | — | — | 2 | — | — | 91 | |||||||||||||||||
Derivative liability subtotals | $ | — | $ | — | $ | 2 | $ | — | $ | — | $ | 95 | |||||||||||
Nonderivative hedging instruments | |||||||||||||||||||||||
Long-term debt due within one year | $ | — | $ | 765 | $ | — | $ | — | $ | 818 | $ | — | |||||||||||
Long-term debt | — | 5,850 | — | — | 6,145 | — | |||||||||||||||||
Nonderivative hedge liability subtotals | $ | — | $ | 6,615 | $ | — | $ | — | $ | 6,963 | $ | — |
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Record Date | Payable Date | |
March 12, 2013 | April 1, 2013 | |
May 10, 2013 | June 3, 2013 | |
August 9, 2013 | September 3, 2013 | |
December 6, 2013 | January 2, 2014 |
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Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||
(Amounts in millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||||
Net sales: | ||||||||||||||||
Walmart U.S. | $ | 68,728 | $ | 67,343 | $ | 135,281 | $ | 133,676 | ||||||||
Walmart International | 32,956 | 32,016 | 65,961 | 64,093 | ||||||||||||
Sam's Club | 14,532 | 14,161 | 28,403 | 28,015 | ||||||||||||
Net sales | $ | 116,216 | $ | 113,520 | $ | 229,645 | $ | 225,784 |
Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||
(Amounts in millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||||
Operating income (loss): | ||||||||||||||||
Walmart U.S. | $ | 5,521 | $ | 5,248 | $ | 10,850 | $ | 10,281 | ||||||||
Walmart International | 1,465 | 1,484 | 2,721 | 2,802 | ||||||||||||
Sam's Club | 551 | 535 | 1,076 | 1,024 | ||||||||||||
Corporate and support | (744 | ) | (569 | ) | (1,398 | ) | (1,022 | ) | ||||||||
Operating income | 6,793 | 6,698 | 13,249 | 13,085 | ||||||||||||
Interest, net | 553 | 505 | 1,083 | 1,040 | ||||||||||||
Income before income taxes | $ | 6,240 | $ | 6,193 | $ | 12,166 | $ | 12,045 |
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