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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 | (3,590 | ) | 101 | (104 | ) | 81 | (3,512 | ) | ||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | — | — | 29 | (8 | ) | 21 | ||||||||||||||
Balances as of October 31, 2015 | $ | (10,601 | ) | $ | 757 | $ | (209 | ) | $ | (606 | ) | $ | (10,659 | ) |
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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 | — | 41 | 41 | |||||||||
Repayments of long-term debt | (4,422 | ) | — | (4,422 | ) | |||||||
Reclassifications of long-term debt | 2,000 | (2,000 | ) | — | ||||||||
Other | 377 | (313 | ) | 64 | ||||||||
Balances as of October 31, 2015 | $ | 2,746 | $ | 38,617 | $ | 41,363 |
(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 | ||||||
October 25, 2015 | 1,250 USD | Fixed | 1.500% | 1,250 | ||||||
$ | 4,230 |
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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. |
October 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 | $ | 91 | $ | 500 | $ | 12 | |||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as net investment hedges | 1,250 | 192 | 1,250 | 207 | |||||||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as cash flow hedges | 4,294 | (370 | ) | 4,329 | (317 | ) | |||||||||
Receive variable-rate, pay fixed-rate interest rate swaps designated as cash flow hedges | — | — | 255 | (1 | ) | ||||||||||
Total | $ | 10,544 | $ | (87 | ) | $ | 6,334 | $ | (99 | ) |
October 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 | $ | 41,363 | $ | 47,280 | $ | 45,680 | $ | 56,237 |
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October 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 | 91 | 192 | 292 | 12 | 207 | 293 | |||||||||||||||||
Derivative asset subtotals | $ | 91 | $ | 192 | $ | 292 | $ | 12 | $ | 207 | $ | 293 | |||||||||||
Accrued liabilities | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 1 | |||||||||||
Deferred income taxes and other | — | — | 662 | — | — | 610 | |||||||||||||||||
Derivative liability subtotals | $ | — | $ | — | $ | 662 | $ | — | $ | — | $ | 611 | |||||||||||
Nonderivative hedging instruments | |||||||||||||||||||||||
Long-term debt due within one year | $ | — | $ | — | $ | — | $ | — | $ | 766 | $ | — | |||||||||||
Long-term debt | — | 3,940 | — | — | 3,850 | — | |||||||||||||||||
Nonderivative hedge liability subtotals | $ | — | $ | 3,940 | $ | — | $ | — | $ | 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 October 31, | Nine Months Ended October 31, | |||||||||||||||
(Amounts in millions) | 2015 | 2014 | 2015 | 2014 | ||||||||||||
Ongoing inquiries and investigations | $ | 22 | $ | 30 | $ | 70 | $ | 95 | ||||||||
Global compliance program and organizational enhancements | 8 | 11 | 23 | 42 | ||||||||||||
Total | $ | 30 | $ | 41 | $ | 93 | $ | 137 |
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Three Months Ended October 31, | Nine Months Ended October 31, | |||||||||||||||
(Amounts in millions) | 2015 | 2014 | 2015 | 2014 | ||||||||||||
Net sales: | ||||||||||||||||
Walmart U.S. | $ | 72,712 | $ | 70,025 | $ | 216,916 | $ | 208,478 | ||||||||
Walmart International | 29,811 | 33,659 | 90,726 | 99,955 | ||||||||||||
Sam's Club | 14,075 | 14,392 | 42,288 | 43,146 | ||||||||||||
Net sales | $ | 116,598 | $ | 118,076 | $ | 349,930 | $ | 351,579 |
Three Months Ended October 31, | Nine Months Ended October 31, | |||||||||||||||
(Amounts in millions) | 2015 | 2014 | 2015 | 2014 | ||||||||||||
Operating income (loss): | ||||||||||||||||
Walmart U.S. | $ | 4,506 | $ | 4,932 | $ | 13,964 | $ | 15,159 | ||||||||
Walmart International | 1,338 | 1,430 | 3,685 | 4,121 | ||||||||||||
Sam's Club | 539 | 493 | 1,394 | 1,466 | ||||||||||||
Corporate and support | (669 | ) | (590 | ) | (1,580 | ) | (1,548 | ) | ||||||||
Operating income | 5,714 | 6,265 | 17,463 | 19,198 | ||||||||||||
Interest, net | 552 | 656 | 1,919 | 1,762 | ||||||||||||
Income from continuing operations before income taxes | $ | 5,162 | $ | 5,609 | $ | 15,544 | $ | 17,436 |
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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. |
|
(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 | (3,590 | ) | 101 | (104 | ) | 81 | (3,512 | ) | ||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | — | — | 29 | (8 | ) | 21 | ||||||||||||||
Balances as of October 31, 2015 | $ | (10,601 | ) | $ | 757 | $ | (209 | ) | $ | (606 | ) | $ | (10,659 | ) |
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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 | — | 41 | 41 | |||||||||
Repayments of long-term debt | (4,422 | ) | — | (4,422 | ) | |||||||
Reclassifications of long-term debt | 2,000 | (2,000 | ) | — | ||||||||
Other | 377 | (313 | ) | 64 | ||||||||
Balances as of October 31, 2015 | $ | 2,746 | $ | 38,617 | $ | 41,363 |
(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 | ||||||
October 25, 2015 | 1,250 USD | Fixed | 1.500% | 1,250 | ||||||
$ | 4,230 |
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October 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 | $ | 91 | $ | 500 | $ | 12 | |||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as net investment hedges | 1,250 | 192 | 1,250 | 207 | |||||||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as cash flow hedges | 4,294 | (370 | ) | 4,329 | (317 | ) | |||||||||
Receive variable-rate, pay fixed-rate interest rate swaps designated as cash flow hedges | — | — | 255 | (1 | ) | ||||||||||
Total | $ | 10,544 | $ | (87 | ) | $ | 6,334 | $ | (99 | ) |
October 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 | $ | 41,363 | $ | 47,280 | $ | 45,680 | $ | 56,237 |
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October 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 | 91 | 192 | 292 | 12 | 207 | 293 | |||||||||||||||||
Derivative asset subtotals | $ | 91 | $ | 192 | $ | 292 | $ | 12 | $ | 207 | $ | 293 | |||||||||||
Accrued liabilities | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 1 | |||||||||||
Deferred income taxes and other | — | — | 662 | — | — | 610 | |||||||||||||||||
Derivative liability subtotals | $ | — | $ | — | $ | 662 | $ | — | $ | — | $ | 611 | |||||||||||
Nonderivative hedging instruments | |||||||||||||||||||||||
Long-term debt due within one year | $ | — | $ | — | $ | — | $ | — | $ | 766 | $ | — | |||||||||||
Long-term debt | — | 3,940 | — | — | 3,850 | — | |||||||||||||||||
Nonderivative hedge liability subtotals | $ | — | $ | 3,940 | $ | — | $ | — | $ | 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 |
|
Three Months Ended October 31, | Nine Months Ended October 31, | |||||||||||||||
(Amounts in millions) | 2015 | 2014 | 2015 | 2014 | ||||||||||||
Ongoing inquiries and investigations | $ | 22 | $ | 30 | $ | 70 | $ | 95 | ||||||||
Global compliance program and organizational enhancements | 8 | 11 | 23 | 42 | ||||||||||||
Total | $ | 30 | $ | 41 | $ | 93 | $ | 137 |
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Three Months Ended October 31, | Nine Months Ended October 31, | |||||||||||||||
(Amounts in millions) | 2015 | 2014 | 2015 | 2014 | ||||||||||||
Net sales: | ||||||||||||||||
Walmart U.S. | $ | 72,712 | $ | 70,025 | $ | 216,916 | $ | 208,478 | ||||||||
Walmart International | 29,811 | 33,659 | 90,726 | 99,955 | ||||||||||||
Sam's Club | 14,075 | 14,392 | 42,288 | 43,146 | ||||||||||||
Net sales | $ | 116,598 | $ | 118,076 | $ | 349,930 | $ | 351,579 |
Three Months Ended October 31, | Nine Months Ended October 31, | |||||||||||||||
(Amounts in millions) | 2015 | 2014 | 2015 | 2014 | ||||||||||||
Operating income (loss): | ||||||||||||||||
Walmart U.S. | $ | 4,506 | $ | 4,932 | $ | 13,964 | $ | 15,159 | ||||||||
Walmart International | 1,338 | 1,430 | 3,685 | 4,121 | ||||||||||||
Sam's Club | 539 | 493 | 1,394 | 1,466 | ||||||||||||
Corporate and support | (669 | ) | (590 | ) | (1,580 | ) | (1,548 | ) | ||||||||
Operating income | 5,714 | 6,265 | 17,463 | 19,198 | ||||||||||||
Interest, net | 552 | 656 | 1,919 | 1,762 | ||||||||||||
Income from continuing operations before income taxes | $ | 5,162 | $ | 5,609 | $ | 15,544 | $ | 17,436 |
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