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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) | 1,003 | (63 | ) | 7 | 947 | |||||||||||
Balances as of April 30, 2012 | $ | 197 | $ | (70 | ) | $ | (590 | ) | $ | (463 | ) |
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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, 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 | $ | 151 | $ | 3,945 | $ | 183 | |||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as net investment hedges | 1,250 | 280 | 1,250 | 316 | |||||||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as cash flow hedges | 2,947 | (70 | ) | 2,884 | (3 | ) | |||||||||
Receive floating-rate, pay fixed-rate interest rate swaps designated as cash flow hedges | 1,214 | (13 | ) | 1,270 | (16 | ) | |||||||||
Receive floating-rate, pay fixed-rate forward starting interest rate swaps designated as cash flow hedges | 2,350 | — | — | — | |||||||||||
Total | $ | 11,206 | $ | 348 | $ | 9,349 | $ | 480 |
April 30, 2012 | January 31, 2012 | |||||||||||||||
(Amounts in millions) | Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||
Long-term debt, including amounts due within one year | $ | 45,465 | $ | 51,788 | $ | 46,045 | $ | 53,043 |
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April 30, 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 | $ | 10 | $ | — | $ | — | $ | 2 | $ | — | $ | — | |||||||||||
Other assets and deferred charges | 141 | 280 | 113 | 181 | 316 | 91 | |||||||||||||||||
Asset subtotals | $ | 151 | $ | 280 | $ | 113 | $ | 183 | $ | 316 | $ | 91 | |||||||||||
Long-term debt due within one year (hedged item) | $ | 10 | $ | — | $ | — | $ | 2 | $ | — | $ | — | |||||||||||
Long-term debt (hedged item) | 141 | — | — | 181 | — | — | |||||||||||||||||
Deferred income taxes and other | — | — | 196 | — | — | 110 | |||||||||||||||||
Liability subtotals | $ | 151 | $ | — | $ | 196 | $ | 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 April 30, | ||||||||
(Amounts in millions) | 2012 | 2011 | ||||||
Net sales: | ||||||||
Walmart U.S. | $ | 66,341 | $ | 62,669 | ||||
Walmart International | 32,077 | 27,905 | ||||||
Sam’s Club | 13,854 | 12,841 | ||||||
Net sales | $ | 112,272 | $ | 103,415 |
Three Months Ended April 30, | ||||||||
(Amounts in millions) | 2012 | 2011 | ||||||
Segment operating income: | ||||||||
Walmart U.S. | $ | 5,033 | $ | 4,657 | ||||
Walmart International | 1,319 | 1,088 | ||||||
Sam’s Club | 490 | 455 | ||||||
Other unallocated | (455 | ) | (304 | ) | ||||
Operating income | 6,387 | 5,896 | ||||||
Interest, net | (535 | ) | (518 | ) | ||||
Income from continuing operations before income taxes | $ | 5,852 | $ | 5,378 |
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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) | 1,003 | (63 | ) | 7 | 947 | |||||||||||
Balances as of April 30, 2012 | $ | 197 | $ | (70 | ) | $ | (590 | ) | $ | (463 | ) |
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April 30, 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 | $ | 151 | $ | 3,945 | $ | 183 | |||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as net investment hedges | 1,250 | 280 | 1,250 | 316 | |||||||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as cash flow hedges | 2,947 | (70 | ) | 2,884 | (3 | ) | |||||||||
Receive floating-rate, pay fixed-rate interest rate swaps designated as cash flow hedges | 1,214 | (13 | ) | 1,270 | (16 | ) | |||||||||
Receive floating-rate, pay fixed-rate forward starting interest rate swaps designated as cash flow hedges | 2,350 | — | — | — | |||||||||||
Total | $ | 11,206 | $ | 348 | $ | 9,349 | $ | 480 |
April 30, 2012 | January 31, 2012 | |||||||||||||||
(Amounts in millions) | Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||
Long-term debt, including amounts due within one year | $ | 45,465 | $ | 51,788 | $ | 46,045 | $ | 53,043 |
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April 30, 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 | $ | 10 | $ | — | $ | — | $ | 2 | $ | — | $ | — | |||||||||||
Other assets and deferred charges | 141 | 280 | 113 | 181 | 316 | 91 | |||||||||||||||||
Asset subtotals | $ | 151 | $ | 280 | $ | 113 | $ | 183 | $ | 316 | $ | 91 | |||||||||||
Long-term debt due within one year (hedged item) | $ | 10 | $ | — | $ | — | $ | 2 | $ | — | $ | — | |||||||||||
Long-term debt (hedged item) | 141 | — | — | 181 | — | — | |||||||||||||||||
Deferred income taxes and other | — | — | 196 | — | — | 110 | |||||||||||||||||
Liability subtotals | $ | 151 | $ | — | $ | 196 | $ | 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 April 30, | ||||||||
(Amounts in millions) | 2012 | 2011 | ||||||
Net sales: | ||||||||
Walmart U.S. | $ | 66,341 | $ | 62,669 | ||||
Walmart International | 32,077 | 27,905 | ||||||
Sam’s Club | 13,854 | 12,841 | ||||||
Net sales | $ | 112,272 | $ | 103,415 |
Three Months Ended April 30, | ||||||||
(Amounts in millions) | 2012 | 2011 | ||||||
Segment operating income: | ||||||||
Walmart U.S. | $ | 5,033 | $ | 4,657 | ||||
Walmart International | 1,319 | 1,088 | ||||||
Sam’s Club | 490 | 455 | ||||||
Other unallocated | (455 | ) | (304 | ) | ||||
Operating income | 6,387 | 5,896 | ||||||
Interest, net | (535 | ) | (518 | ) | ||||
Income from continuing operations before income taxes | $ | 5,852 | $ | 5,378 |
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