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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, 2014 | $ | (2,722 | ) | $ | 336 | $ | (610 | ) | $ | (2,996 | ) | |||||
Other comprehensive income (loss) before reclassifications | (1,106 | ) | (180 | ) | 23 | (1,263 | ) | |||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | — | 15 | (7 | ) | 8 | |||||||||||
Balances as of October 31, 2014 | $ | (3,828 | ) | $ | 171 | $ | (594 | ) | $ | (4,251 | ) |
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(Amounts in millions) | Long-term debt due within one year | Long-term debt | Total | |||||||||
Balances as of February 1, 2014 | $ | 4,103 | $ | 41,771 | $ | 45,874 | ||||||
Proceeds from long-term debt | — | 5,120 | 5,120 | |||||||||
Repayments of long-term debt | (3,883 | ) | — | (3,883 | ) | |||||||
Reclassifications of long-term debt | 4,324 | (4,324 | ) | — | ||||||||
Other | 330 | (847 | ) | (517 | ) | |||||||
Balances as of October 31, 2014 | $ | 4,874 | $ | 41,720 | $ | 46,594 |
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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, 2014 | January 31, 2014 | ||||||||||||||
(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 | $ | 5 | |||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as net investment hedges | 1,250 | 138 | 1,250 | 97 | |||||||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as cash flow hedges | 4,731 | 215 | 3,004 | 453 | |||||||||||
Receive variable-rate, pay fixed-rate interest rate swaps designated as cash flow hedges | 267 | (1 | ) | 457 | (2 | ) | |||||||||
Receive variable-rate, pay fixed-rate forward starting interest rate swaps designated as cash flow hedges | — | — | 2,500 | 166 | |||||||||||
Total | $ | 6,248 | $ | 352 | $ | 8,211 | $ | 719 |
October 31, 2014 | January 31, 2014 | |||||||||||||||
(Amounts in millions) | Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||
Long-term debt, including amounts due within one year | $ | 46,594 | $ | 53,685 | $ | 45,874 | $ | 50,757 |
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October 31, 2014 | January 31, 2014 | ||||||||||||||||||||||
(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 | $ | — | $ | — | $ | — | $ | 5 | $ | — | $ | — | |||||||||||
Other assets and deferred charges | — | 138 | 362 | — | 97 | 619 | |||||||||||||||||
Derivative asset subtotals | $ | — | $ | 138 | $ | 362 | $ | 5 | $ | 97 | $ | 619 | |||||||||||
Accrued liabilities | $ | — | $ | — | $ | 1 | $ | — | $ | — | $ | 1 | |||||||||||
Deferred income taxes and other | — | — | 147 | — | — | 1 | |||||||||||||||||
Derivative liability subtotals | $ | — | $ | — | $ | 148 | $ | — | $ | — | $ | 2 | |||||||||||
Nonderivative hedging instruments | |||||||||||||||||||||||
Long-term debt due within one year | $ | — | $ | 824 | $ | — | $ | — | $ | 973 | $ | — | |||||||||||
Long-term debt | — | 4,092 | — | — | 5,095 | — | |||||||||||||||||
Nonderivative hedge liability subtotals | $ | — | $ | 4,916 | $ | — | $ | — | $ | 6,068 | $ | — |
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Record Date | Payable Date | |
March 11, 2014 | April 1, 2014 | |
May 9, 2014 | June 2, 2014 | |
August 8, 2014 | September 3, 2014 | |
December 5, 2014 | January 5, 2015 |
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Three Months Ended | Nine Months Ended | |||||||||||||||
October 31, | October 31, | |||||||||||||||
(Amounts in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Ongoing inquiries and investigations | $ | 30 | $ | 43 | $ | 95 | $ | 135 | ||||||||
Global compliance program and organizational enhancements | 11 | 26 | 42 | 89 | ||||||||||||
Total | $ | 41 | $ | 69 | $ | 137 | $ | 224 |
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Three Months Ended October 31, | Nine Months Ended October 31, | |||||||||||||||
(Amounts in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Net sales: | ||||||||||||||||
Walmart U.S. | $ | 70,025 | $ | 67,692 | $ | 208,478 | $ | 202,973 | ||||||||
Walmart International | 33,659 | 33,109 | 99,955 | 98,839 | ||||||||||||
Sam's Club | 14,392 | 14,075 | 43,146 | 42,478 | ||||||||||||
Net sales | $ | 118,076 | $ | 114,876 | $ | 351,579 | $ | 344,290 |
Three Months Ended October 31, | Nine Months Ended October 31, | |||||||||||||||
(Amounts in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Operating income (loss): | ||||||||||||||||
Walmart U.S. | $ | 4,932 | $ | 4,991 | $ | 15,159 | $ | 15,571 | ||||||||
Walmart International | 1,430 | 1,379 | 4,121 | 3,921 | ||||||||||||
Sam's Club | 493 | 440 | 1,466 | 1,448 | ||||||||||||
Corporate and support | (590 | ) | (500 | ) | (1,548 | ) | (1,415 | ) | ||||||||
Operating income | 6,265 | 6,310 | 19,198 | 19,525 | ||||||||||||
Interest, net | 656 | 580 | 1,762 | 1,662 | ||||||||||||
Income from continuing operations before income taxes | $ | 5,609 | $ | 5,730 | $ | 17,436 | $ | 17,863 |
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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, 2014 | $ | (2,722 | ) | $ | 336 | $ | (610 | ) | $ | (2,996 | ) | |||||
Other comprehensive income (loss) before reclassifications | (1,106 | ) | (180 | ) | 23 | (1,263 | ) | |||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | — | 15 | (7 | ) | 8 | |||||||||||
Balances as of October 31, 2014 | $ | (3,828 | ) | $ | 171 | $ | (594 | ) | $ | (4,251 | ) |
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(Amounts in millions) | Long-term debt due within one year | Long-term debt | Total | |||||||||
Balances as of February 1, 2014 | $ | 4,103 | $ | 41,771 | $ | 45,874 | ||||||
Proceeds from long-term debt | — | 5,120 | 5,120 | |||||||||
Repayments of long-term debt | (3,883 | ) | — | (3,883 | ) | |||||||
Reclassifications of long-term debt | 4,324 | (4,324 | ) | — | ||||||||
Other | 330 | (847 | ) | (517 | ) | |||||||
Balances as of October 31, 2014 | $ | 4,874 | $ | 41,720 | $ | 46,594 |
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October 31, 2014 | January 31, 2014 | ||||||||||||||
(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 | $ | 5 | |||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as net investment hedges | 1,250 | 138 | 1,250 | 97 | |||||||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as cash flow hedges | 4,731 | 215 | 3,004 | 453 | |||||||||||
Receive variable-rate, pay fixed-rate interest rate swaps designated as cash flow hedges | 267 | (1 | ) | 457 | (2 | ) | |||||||||
Receive variable-rate, pay fixed-rate forward starting interest rate swaps designated as cash flow hedges | — | — | 2,500 | 166 | |||||||||||
Total | $ | 6,248 | $ | 352 | $ | 8,211 | $ | 719 |
October 31, 2014 | January 31, 2014 | |||||||||||||||
(Amounts in millions) | Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||
Long-term debt, including amounts due within one year | $ | 46,594 | $ | 53,685 | $ | 45,874 | $ | 50,757 |
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October 31, 2014 | January 31, 2014 | ||||||||||||||||||||||
(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 | $ | — | $ | — | $ | — | $ | 5 | $ | — | $ | — | |||||||||||
Other assets and deferred charges | — | 138 | 362 | — | 97 | 619 | |||||||||||||||||
Derivative asset subtotals | $ | — | $ | 138 | $ | 362 | $ | 5 | $ | 97 | $ | 619 | |||||||||||
Accrued liabilities | $ | — | $ | — | $ | 1 | $ | — | $ | — | $ | 1 | |||||||||||
Deferred income taxes and other | — | — | 147 | — | — | 1 | |||||||||||||||||
Derivative liability subtotals | $ | — | $ | — | $ | 148 | $ | — | $ | — | $ | 2 | |||||||||||
Nonderivative hedging instruments | |||||||||||||||||||||||
Long-term debt due within one year | $ | — | $ | 824 | $ | — | $ | — | $ | 973 | $ | — | |||||||||||
Long-term debt | — | 4,092 | — | — | 5,095 | — | |||||||||||||||||
Nonderivative hedge liability subtotals | $ | — | $ | 4,916 | $ | — | $ | — | $ | 6,068 | $ | — |
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Record Date | Payable Date | |
March 11, 2014 | April 1, 2014 | |
May 9, 2014 | June 2, 2014 | |
August 8, 2014 | September 3, 2014 | |
December 5, 2014 | January 5, 2015 |
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Three Months Ended | Nine Months Ended | |||||||||||||||
October 31, | October 31, | |||||||||||||||
(Amounts in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Ongoing inquiries and investigations | $ | 30 | $ | 43 | $ | 95 | $ | 135 | ||||||||
Global compliance program and organizational enhancements | 11 | 26 | 42 | 89 | ||||||||||||
Total | $ | 41 | $ | 69 | $ | 137 | $ | 224 |
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Three Months Ended October 31, | Nine Months Ended October 31, | |||||||||||||||
(Amounts in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Net sales: | ||||||||||||||||
Walmart U.S. | $ | 70,025 | $ | 67,692 | $ | 208,478 | $ | 202,973 | ||||||||
Walmart International | 33,659 | 33,109 | 99,955 | 98,839 | ||||||||||||
Sam's Club | 14,392 | 14,075 | 43,146 | 42,478 | ||||||||||||
Net sales | $ | 118,076 | $ | 114,876 | $ | 351,579 | $ | 344,290 |
Three Months Ended October 31, | Nine Months Ended October 31, | |||||||||||||||
(Amounts in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Operating income (loss): | ||||||||||||||||
Walmart U.S. | $ | 4,932 | $ | 4,991 | $ | 15,159 | $ | 15,571 | ||||||||
Walmart International | 1,430 | 1,379 | 4,121 | 3,921 | ||||||||||||
Sam's Club | 493 | 440 | 1,466 | 1,448 | ||||||||||||
Corporate and support | (590 | ) | (500 | ) | (1,548 | ) | (1,415 | ) | ||||||||
Operating income | 6,265 | 6,310 | 19,198 | 19,525 | ||||||||||||
Interest, net | 656 | 580 | 1,762 | 1,662 | ||||||||||||
Income from continuing operations before income taxes | $ | 5,609 | $ | 5,730 | $ | 17,436 | $ | 17,863 |
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