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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, 2016 | $ | (11,690 | ) | $ | 1,022 | $ | (336 | ) | $ | (593 | ) | $ | (11,597 | ) | ||||||
Other comprehensive income (loss) before reclassifications | 636 | (78 | ) | 139 | (97 | ) | 600 | |||||||||||||
Amounts reclassified from accumulated other comprehensive loss | — | — | 4 | (2 | ) | 2 | ||||||||||||||
Balances as of April 30, 2016 | $ | (11,054 | ) | $ | 944 | $ | (193 | ) | $ | (692 | ) | $ | (10,995 | ) |
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(Amounts in millions) | Long-term debt due within one year | Long-term debt | Total | |||||||||
Balances as of February 1, 2016 | $ | 2,745 | $ | 38,214 | $ | 40,959 | ||||||
Proceeds from long-term debt | — | 127 | 127 | |||||||||
Repayments of long-term debt | (2,013 | ) | — | (2,013 | ) | |||||||
Reclassifications of long-term debt | 1,500 | (1,500 | ) | — | ||||||||
Other | 25 | 310 | 335 | |||||||||
Balances as of April 30, 2016 | $ | 2,257 | $ | 37,151 | $ | 39,408 |
(Amounts in millions) | ||||||||||
Maturity Date | Principal Amount | Fixed vs. Floating | Interest Rate | Repayment | ||||||
April 11, 2016 | 1,000 USD | Fixed | 0.600% | $ | 1,000 | |||||
April 15, 2016 | 1,000 USD | Fixed | 2.800% | 1,000 | ||||||
$ | 2,000 |
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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. |
April 30, 2016 | January 31, 2016 | ||||||||||||||
(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 | $ | 189 | $ | 5,000 | $ | 173 | |||||||
Receive fixed-rate, pay fixed-rate cross-currency swaps designated as net investment hedges | 1,250 | 287 | 1,250 | 319 | |||||||||||
Receive fixed-rate, pay fixed-rate cross-currency swaps designated as cash flow hedges | 4,321 | (355 | ) | 4,132 | (609 | ) | |||||||||
Total | $ | 10,571 | $ | 121 | $ | 10,382 | $ | (117 | ) |
April 30, 2016 | January 31, 2016 | |||||||||||||||
(Amounts in millions) | Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||
Long-term debt, including amounts due within one year | $ | 39,408 | $ | 47,396 | $ | 40,959 | $ | 46,965 |
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April 30, 2016 | January 31, 2016 | ||||||||||||||||
(Amounts in millions) | Fair Value Instruments | Net Investment Instruments | Cash Flow Instruments | Fair Value Instruments | Net Investment Instruments | Cash Flow Instruments | |||||||||||
Derivative instruments | |||||||||||||||||
Derivative assets: | |||||||||||||||||
Other assets and deferred charges | 189 | 287 | 172 | 173 | 319 | 129 | |||||||||||
Derivative liabilities: | |||||||||||||||||
Deferred income taxes and other | — | — | 527 | — | — | 738 | |||||||||||
Nonderivative hedging instruments | |||||||||||||||||
Long-term debt | — | 3,747 | — | — | 3,644 | — |
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Record Date | Payable Date | |
March 11, 2016 | April 4, 2016 | |
May 13, 2016 | June 6, 2016 | |
August 12, 2016 | September 6, 2016 | |
December 9, 2016 | January 3, 2017 |
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Three Months Ended April 30, | ||||||||
(Amounts in millions) | 2016 | 2015 | ||||||
Ongoing inquiries and investigations | $ | 21 | $ | 25 | ||||
Global compliance program and organizational enhancements | 4 | 8 | ||||||
Total | $ | 25 | $ | 33 |
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Three Months Ended April 30, | ||||||||
(Amounts in millions) | 2016 | 2015 | ||||||
Net sales: | ||||||||
Walmart U.S. | $ | 73,295 | $ | 70,245 | ||||
Walmart International | 28,083 | 30,278 | ||||||
Sam's Club | 13,608 | 13,479 | ||||||
Net sales | $ | 114,986 | $ | 114,002 |
Three Months Ended April 30, | ||||||||
(Amounts in millions) | 2016 | 2015 | ||||||
Operating income (loss): | ||||||||
Walmart U.S. | $ | 4,232 | $ | 4,639 | ||||
Walmart International | 1,164 | 1,070 | ||||||
Sam's Club | 413 | 427 | ||||||
Corporate and support | (534 | ) | (456 | ) | ||||
Operating income | 5,275 | 5,680 | ||||||
Interest, net | 561 | 824 | ||||||
Income before income taxes | $ | 4,714 | $ | 4,856 |
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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, 2016 | $ | (11,690 | ) | $ | 1,022 | $ | (336 | ) | $ | (593 | ) | $ | (11,597 | ) | ||||||
Other comprehensive income (loss) before reclassifications | 636 | (78 | ) | 139 | (97 | ) | 600 | |||||||||||||
Amounts reclassified from accumulated other comprehensive loss | — | — | 4 | (2 | ) | 2 | ||||||||||||||
Balances as of April 30, 2016 | $ | (11,054 | ) | $ | 944 | $ | (193 | ) | $ | (692 | ) | $ | (10,995 | ) |
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(Amounts in millions) | Long-term debt due within one year | Long-term debt | Total | |||||||||
Balances as of February 1, 2016 | $ | 2,745 | $ | 38,214 | $ | 40,959 | ||||||
Proceeds from long-term debt | — | 127 | 127 | |||||||||
Repayments of long-term debt | (2,013 | ) | — | (2,013 | ) | |||||||
Reclassifications of long-term debt | 1,500 | (1,500 | ) | — | ||||||||
Other | 25 | 310 | 335 | |||||||||
Balances as of April 30, 2016 | $ | 2,257 | $ | 37,151 | $ | 39,408 |
(Amounts in millions) | ||||||||||
Maturity Date | Principal Amount | Fixed vs. Floating | Interest Rate | Repayment | ||||||
April 11, 2016 | 1,000 USD | Fixed | 0.600% | $ | 1,000 | |||||
April 15, 2016 | 1,000 USD | Fixed | 2.800% | 1,000 | ||||||
$ | 2,000 |
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April 30, 2016 | January 31, 2016 | ||||||||||||||
(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 | $ | 189 | $ | 5,000 | $ | 173 | |||||||
Receive fixed-rate, pay fixed-rate cross-currency swaps designated as net investment hedges | 1,250 | 287 | 1,250 | 319 | |||||||||||
Receive fixed-rate, pay fixed-rate cross-currency swaps designated as cash flow hedges | 4,321 | (355 | ) | 4,132 | (609 | ) | |||||||||
Total | $ | 10,571 | $ | 121 | $ | 10,382 | $ | (117 | ) |
April 30, 2016 | January 31, 2016 | |||||||||||||||
(Amounts in millions) | Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||
Long-term debt, including amounts due within one year | $ | 39,408 | $ | 47,396 | $ | 40,959 | $ | 46,965 |
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April 30, 2016 | January 31, 2016 | ||||||||||||||||
(Amounts in millions) | Fair Value Instruments | Net Investment Instruments | Cash Flow Instruments | Fair Value Instruments | Net Investment Instruments | Cash Flow Instruments | |||||||||||
Derivative instruments | |||||||||||||||||
Derivative assets: | |||||||||||||||||
Other assets and deferred charges | 189 | 287 | 172 | 173 | 319 | 129 | |||||||||||
Derivative liabilities: | |||||||||||||||||
Deferred income taxes and other | — | — | 527 | — | — | 738 | |||||||||||
Nonderivative hedging instruments | |||||||||||||||||
Long-term debt | — | 3,747 | — | — | 3,644 | — |
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Record Date | Payable Date | |
March 11, 2016 | April 4, 2016 | |
May 13, 2016 | June 6, 2016 | |
August 12, 2016 | September 6, 2016 | |
December 9, 2016 | January 3, 2017 |
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Three Months Ended April 30, | ||||||||
(Amounts in millions) | 2016 | 2015 | ||||||
Ongoing inquiries and investigations | $ | 21 | $ | 25 | ||||
Global compliance program and organizational enhancements | 4 | 8 | ||||||
Total | $ | 25 | $ | 33 |
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Three Months Ended April 30, | ||||||||
(Amounts in millions) | 2016 | 2015 | ||||||
Net sales: | ||||||||
Walmart U.S. | $ | 73,295 | $ | 70,245 | ||||
Walmart International | 28,083 | 30,278 | ||||||
Sam's Club | 13,608 | 13,479 | ||||||
Net sales | $ | 114,986 | $ | 114,002 |
Three Months Ended April 30, | ||||||||
(Amounts in millions) | 2016 | 2015 | ||||||
Operating income (loss): | ||||||||
Walmart U.S. | $ | 4,232 | $ | 4,639 | ||||
Walmart International | 1,164 | 1,070 | ||||||
Sam's Club | 413 | 427 | ||||||
Corporate and support | (534 | ) | (456 | ) | ||||
Operating income | 5,275 | 5,680 | ||||||
Interest, net | 561 | 824 | ||||||
Income before income taxes | $ | 4,714 | $ | 4,856 |
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