Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Jan. 31, 2015 | Mar. 30, 2015 | Jul. 31, 2014 | |
Document And Entity Information [Abstract] | |||
Entity Registrant Name | WAL MART STORES INC | ||
Entity Central Index Key | 104169 | ||
Current Fiscal Year End Date | -30 | ||
Entity Filer Category | Large Accelerated Filer | ||
Document Type | 10-K | ||
Document Period End Date | 31-Jan-15 | ||
Document Fiscal Year Focus | 2015 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | FALSE | ||
Entity Common Stock, Shares Outstanding | 3,226,062,652 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Public Float | $116,140,698,613 |
Consolidated_Statements_Of_Inc
Consolidated Statements Of Income (USD $) | 12 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Revenues: | |||
Net sales | $482,229 | $473,076 | $465,604 |
Membership and other income | 3,422 | 3,218 | 3,047 |
Total revenues | 485,651 | 476,294 | 468,651 |
Costs and expenses: | |||
Cost of sales | 365,086 | 358,069 | 352,297 |
Operating, selling, general and administrative expenses | 93,418 | 91,353 | 88,629 |
Operating income | 27,147 | 26,872 | 27,725 |
Interest: | |||
Debt | 2,161 | 2,072 | 1,977 |
Capital leases | 300 | 263 | 272 |
Interest income | -113 | -119 | -186 |
Interest, net | 2,348 | 2,216 | 2,063 |
Income from continuing operations before income taxes | 24,799 | 24,656 | 25,662 |
Provision for income taxes: | |||
Current | 8,504 | 8,619 | 7,976 |
Deferred | -519 | -514 | -18 |
Total provision for income taxes | 7,985 | 8,105 | 7,958 |
Income from continuing operations | 16,814 | 16,551 | 17,704 |
Income from discontinued operations, net of income taxes | 285 | 144 | 52 |
Consolidated net income | 17,099 | 16,695 | 17,756 |
Less consolidated net income attributable to noncontrolling interest | -736 | -673 | -757 |
Consolidated net income attributable to Walmart | $16,363 | $16,022 | $16,999 |
Basic net income per common share: | |||
Basic income per common share from continuing operations attributable to Walmart | $5.01 | $4.87 | $5.03 |
Basic income per common share from discontinued operations attributable to Walmart | $0.06 | $0.03 | $0.01 |
Basic net income per common share attributable to Walmart | $5.07 | $4.90 | $5.04 |
Diluted net income per common share: | |||
Diluted income per common share from continuing operations attributable to Walmart | $4.99 | $4.85 | $5.01 |
Diluted income per common share from discontinued operations attributable to Walmart | $0.06 | $0.03 | $0.01 |
Diluted net income per common share attributable to Walmart | $5.05 | $4.88 | $5.02 |
Weighted-average common shares outstanding: | |||
Basic | 3,230 | 3,269 | 3,374 |
Diluted | 3,243 | 3,283 | 3,389 |
Dividends declared per common share | $1.92 | $1.88 | $1.59 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Statement of Comprehensive Income [Abstract] | |||
Consolidated net income | $17,099 | $16,695 | $17,756 |
Less consolidated net income attributable to nonredeemable noncontrolling interest | -736 | -606 | -684 |
Less consolidated net income attributable to redeemable noncontrolling interest | 0 | -67 | -73 |
Consolidated net income attributable to Walmart | 16,363 | 16,022 | 16,999 |
Other comprehensive income (loss), net of income taxes | |||
Currency translation and other | -4,179 | -3,146 | 1,042 |
Derivative instruments | -470 | 207 | 136 |
Minimum pension liability | -69 | 153 | -166 |
Other comprehensive income (loss), net of income taxes | -4,718 | -2,786 | 1,012 |
Less other comprehensive income (loss) attributable to nonredeemable noncontrolling interest | 546 | 311 | -138 |
Less other comprehensive income (loss) attributable to redeemable noncontrolling interest | 0 | -66 | 51 |
Other comprehensive income (loss) attributable to Walmart | -4,172 | -2,409 | 823 |
Comprehensive income, net of income taxes | 12,381 | 13,909 | 18,768 |
Less comprehensive income attributable to nonredeemable noncontrolling interest | -190 | -295 | -822 |
Less comprehensive income attributable to redeemable noncontrolling interest | 0 | -1 | -124 |
Comprehensive income attributable to Walmart | $12,191 | $13,613 | $17,822 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Jan. 31, 2015 | Jan. 31, 2014 |
In Millions, unless otherwise specified | ||
Current assets: | ||
Cash and cash equivalents | $9,135 | $7,281 |
Receivables, net | 6,778 | 6,677 |
Inventories | 45,141 | 44,858 |
Prepaid expenses and other | 2,224 | 1,909 |
Current assets of discontinued operations | 0 | 460 |
Total current assets | 63,278 | 61,185 |
Property and equipment: | ||
Property and equipment | 177,395 | 173,089 |
Less accumulated depreciation | -63,115 | -57,725 |
Property and equipment, net | 114,280 | 115,364 |
Property under capital leases: | ||
Property under capital leases | 5,239 | 5,589 |
Less accumulated amortization | -2,864 | -3,046 |
Property under capital leases, net | 2,375 | 2,543 |
Goodwill | 18,102 | 19,510 |
Other assets and deferred charges | 5,671 | 6,149 |
Total assets | 203,706 | 204,751 |
Current liabilities: | ||
Short-term borrowings | 1,592 | 7,670 |
Accounts payable | 38,410 | 37,415 |
Accrued liabilities | 19,152 | 18,793 |
Accrued income taxes | 1,021 | 966 |
Long-term debt due within one year | 4,810 | 4,103 |
Obligations under capital leases due within one year | 287 | 309 |
Current liabilities of discontinued operations | 0 | 89 |
Total current liabilities | 65,272 | 69,345 |
Long-term debt | 41,086 | 41,771 |
Long-term obligations under capital leases | 2,606 | 2,788 |
Deferred income taxes and other | 8,805 | 8,017 |
Redeemable noncontrolling interest | 0 | 1,491 |
Commitments and contingencies | ||
Equity: | ||
Common stock | 323 | 323 |
Capital in excess of par value | 2,462 | 2,362 |
Retained earnings | 85,777 | 76,566 |
Accumulated other comprehensive income (loss) | -7,168 | -2,996 |
Total Walmart shareholders' equity | 81,394 | 76,255 |
Nonredeemable noncontrolling interest | 4,543 | 5,084 |
Total equity | 85,937 | 81,339 |
Total liabilities, redeemable noncontrolling interest, and equity | $203,706 | $204,751 |
Consolidated_Statement_Of_Shar
Consolidated Statement Of Shareholders' Equity (USD $) | Total | Common stock | Capital in excess of par value | Retained earnings | Accumulated other comprehensive income (loss) | Total Walmart shareholders' equity | Nonredeemable Noncontrolling interest |
In Millions | |||||||
Redeemable noncontrolling interest at Jan. 31, 2012 | $404 | ||||||
Balances at Jan. 31, 2012 | 75,761 | 342 | 3,692 | 68,691 | -1,410 | 71,315 | 4,446 |
Balances, in shares at Jan. 31, 2012 | 3,418 | ||||||
Consolidated net income | 17,683 | 16,999 | 16,999 | 684 | |||
Other comprehensive income, net of income taxes | 961 | 823 | 823 | 138 | |||
Cash dividends declared | -5,361 | -5,361 | -5,361 | ||||
Purchase of Company stock (in shares) | -115 | ||||||
Purchase of Company stock | -7,709 | -11 | -357 | -7,341 | -7,709 | ||
Nonredeemable noncontrolling interest of acquired entity | 469 | 469 | |||||
Other, in shares | 11 | ||||||
Other | -66 | 1 | 285 | -10 | 276 | -342 | |
Consolidated net income, net of tax, attributable to redeemable noncontrolling interest | 73 | ||||||
Less other comprehensive income (loss) attributable to redeemable noncontrolling interest | 51 | ||||||
Other change in redeemable noncontrolling interest | -9 | ||||||
Redeemable noncontrolling interest at Jan. 31, 2013 | 519 | ||||||
Balances at Jan. 31, 2013 | 81,738 | 332 | 3,620 | 72,978 | -587 | 76,343 | 5,395 |
Balances, in shares at Jan. 31, 2013 | 3,314 | ||||||
Consolidated net income | 16,617 | 16,022 | 16,022 | 595 | |||
Other comprehensive income, net of income taxes | -2,720 | -2,409 | -2,409 | -311 | |||
Cash dividends declared | -6,139 | -6,139 | -6,139 | ||||
Purchase of Company stock (in shares) | -87 | ||||||
Purchase of Company stock | -6,557 | -9 | -294 | -6,254 | -6,557 | ||
Redemption value adjustment of redeemable noncontrolling interest | -1,019 | -1,019 | -1,019 | ||||
Other, in shares | 6 | ||||||
Other | -581 | 55 | -41 | 14 | -595 | ||
Consolidated net income, net of tax, attributable to redeemable noncontrolling interest | 78 | ||||||
Less other comprehensive income (loss) attributable to redeemable noncontrolling interest | -66 | ||||||
Redemption value adjustment of redeemable noncontrolling interest | 1,019 | ||||||
Other change in redeemable noncontrolling interest | -59 | ||||||
Redeemable noncontrolling interest at Jan. 31, 2014 | 1,491 | ||||||
Balances at Jan. 31, 2014 | 81,339 | 323 | 2,362 | 76,566 | -2,996 | 76,255 | 5,084 |
Balances, in shares at Jan. 31, 2014 | 3,233 | ||||||
Consolidated net income | 17,099 | 16,363 | 16,363 | 736 | |||
Other comprehensive income, net of income taxes | -4,718 | -4,172 | -4,172 | -546 | |||
Cash dividends declared | -6,185 | -6,185 | -6,185 | ||||
Purchase of Company stock (in shares) | -13 | ||||||
Purchase of Company stock | -980 | -1 | -29 | -950 | -980 | ||
Other, in shares | 8 | ||||||
Other | -618 | 1 | 129 | -17 | 113 | -731 | |
Purchase of redeemable noncontrolling interest | -1,491 | ||||||
Less other comprehensive income (loss) attributable to redeemable noncontrolling interest | 0 | ||||||
Redeemable noncontrolling interest at Jan. 31, 2015 | 0 | ||||||
Balances at Jan. 31, 2015 | $85,937 | $323 | $2,462 | $85,777 | ($7,168) | $81,394 | $4,543 |
Balances, in shares at Jan. 31, 2015 | 3,228 |
Consolidated_Statement_Of_Shar1
Consolidated Statement Of Shareholders' Equity (Parenthetical) (USD $) | 12 Months Ended | ||
Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 | |
Statement of Stockholders' Equity [Abstract] | |||
Dividends declared per common share | $1.92 | $1.88 | $1.59 |
Consolidated_Statements_Of_Cas
Consolidated Statements Of Cash Flows (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Cash flows from operating activities: | |||
Consolidated net income | $17,099 | $16,695 | $17,756 |
Income from discontinued operations, net of income taxes | -285 | -144 | -52 |
Income from continuing operations | 16,814 | 16,551 | 17,704 |
Adjustments to reconcile consoliated net income to net cash provided by operating activities: | |||
Depreciation and amortization | 9,173 | 8,870 | 8,478 |
Deferred income taxes | -503 | -279 | -133 |
Other operating activities | 785 | 938 | 602 |
Changes in certain assets and liabilities, net of effects of acquisitions: | |||
Receivables, net | -569 | -566 | -614 |
Inventories | -1,229 | -1,667 | -2,759 |
Accounts payable | 2,678 | 531 | 1,061 |
Accrued liabilities | 1,249 | 103 | 271 |
Accrued income taxes | 166 | -1,224 | 981 |
Net cash provided by operating activities | 28,564 | 23,257 | 25,591 |
Cash flows from investing activities: | |||
Payments for property and equipment | -12,174 | -13,115 | -12,898 |
Proceeds from the disposal of property and equipment | 570 | 727 | 532 |
Proceeds from the disposal of certain operations | 671 | 0 | 0 |
Other investing activities | -192 | -138 | -271 |
Net cash used in investing activities | -11,125 | -12,526 | -12,637 |
Cash flows from financing activities: | |||
Net change in short-term borrowings | -6,288 | 911 | 2,754 |
Proceeds | 5,174 | 7,072 | 211 |
Payments of long-term debt | -3,904 | -4,968 | -1,478 |
Dividends paid | -6,185 | -6,139 | -5,361 |
Purchase of Company stock | -1,015 | -6,683 | -7,600 |
Dividends paid to noncontrolling interest | -600 | -426 | -282 |
Purchase of noncontrolling interest | -1,844 | -296 | -132 |
Other financing activities | -409 | -260 | -58 |
Net cash used in financing activities | -15,071 | -10,789 | -11,946 |
Effect of exchange rates on cash and cash equivalents | -514 | -442 | 223 |
Net increase (decrease) in cash and cash equivalents | 1,854 | -500 | 1,231 |
Cash and cash equivalents at beginning of year | 7,281 | 7,781 | 6,550 |
Cash and cash equivalents at end of year | 9,135 | 7,281 | 7,781 |
Supplemental disclosure of cash flow information: | |||
Income taxes paid | 8,169 | 8,641 | 7,304 |
Interest paid | $2,433 | $2,362 | $2,262 |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | ||||||||||||||||
Jan. 31, 2015 | |||||||||||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||||||||||||
Basis Of Presentation | Summary of Significant Accounting Policies | ||||||||||||||||
General | |||||||||||||||||
Wal-Mart Stores, Inc. ("Walmart" or the "Company") helps people around the world save money and live better – anytime and anywhere – in retail stores or through the Company's e-commerce and mobile capabilities. Through innovation, the Company is striving to create a customer-centric experience that seamlessly integrates digital and physical shopping. Each week, the Company serves nearly 260 million customers who visit its over 11,000 stores under 72 banners in 27 countries and e-commerce websites in 11 countries. The Company's strategy is to lead on price, invest to differentiate on access, be competitive on assortment and deliver a great experience. | |||||||||||||||||
The Company's operations comprise three reportable segments: Walmart U.S., Walmart International and Sam's Club. | |||||||||||||||||
Principles of Consolidation | |||||||||||||||||
The Consolidated Financial Statements include the accounts of Walmart and its subsidiaries as of and for the fiscal years ended January 31, 2015 ("fiscal 2015"), January 31, 2014 ("fiscal 2014") and January 31, 2013 ("fiscal 2013"). All material intercompany accounts and transactions have been eliminated in consolidation. Investments in unconsolidated affiliates, which are 50% or less owned and do not otherwise meet consolidation requirements, are accounted for primarily using the equity method. These investments are immaterial to the Company's Consolidated Financial Statements. | |||||||||||||||||
The Company's Consolidated Financial Statements are based on a fiscal year ending on January 31, for the United States ("U.S.") and Canadian operations. The Company consolidates all other operations generally using a one-month lag and based on a calendar year. There were no significant intervening events during January 2015 that materially affected the Consolidated Financial Statements. | |||||||||||||||||
Use of Estimates | |||||||||||||||||
The Consolidated Financial Statements have been prepared in conformity with U.S. generally accepted accounting principles. Those principles require management to make estimates and assumptions that affect the reported amounts of assets and liabilities. Management's estimates and assumptions also affect the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. | |||||||||||||||||
Cash and Cash Equivalents | |||||||||||||||||
The Company considers investments with a maturity when purchased of three months or less to be cash equivalents. All credit card, debit card and electronic benefits transfer transactions that process in less than seven days are classified as cash and cash equivalents. The amounts due from banks for these transactions classified as cash and cash equivalents totaled $2.9 billion and $1.6 billion at January 31, 2015 and 2014, respectively. In addition, cash and cash equivalents included restricted cash of $345 million and $654 million at January 31, 2015 and 2014, respectively, which was primarily related to cash collateral holdings from various counterparties, as required by certain derivative and trust agreements. | |||||||||||||||||
The Company's cash balances are held in various locations around the world. Of the Company's $9.1 billion and $7.3 billion of cash and cash equivalents at January 31, 2015 and 2014, respectively, $6.3 billion and $5.8 billion, respectively, were held outside of the U.S. and were generally utilized to support liquidity needs in the Company's non-U.S. operations. | |||||||||||||||||
The Company uses intercompany financing arrangements in an effort to ensure cash can be made available in the country in which it is needed with the minimum cost possible. Management does not believe it will be necessary to repatriate cash and cash equivalents held outside of the U.S. and anticipates the Company's domestic liquidity needs will be met through cash flows provided by operating activities, supplemented with long-term debt and short-term borrowings. Accordingly, the Company intends, with only certain exceptions, to continue to indefinitely reinvest the Company's cash and cash equivalents held outside of the U.S. in our foreign operations. When the income earned, either from operations or through intercompany financing arrangements, and indefinitely reinvested outside of the U.S. is taxed at local country tax rates, which are generally lower than the U.S. statutory rate, the Company realizes an effective tax rate benefit. If the Company's intentions with respect to reinvestment were to change, most of the amounts held within the Company's foreign operations could be repatriated to the U.S., although any repatriation under current U.S. tax laws would be subject to U.S. federal income taxes, less applicable foreign tax credits. As of January 31, 2015 and 2014, cash and cash equivalents of approximately $1.7 billion and $1.9 billion, respectively, may not be freely transferable to the U.S. due to local laws or other restrictions. The Company does not expect local laws, other limitations or potential taxes on anticipated future repatriations of cash amounts held outside of the U.S. to have a material effect on the Company's overall liquidity, financial condition or results of operations. | |||||||||||||||||
Receivables | |||||||||||||||||
Receivables are stated at their carrying values, net of a reserve for doubtful accounts. Receivables consist primarily of amounts due from: | |||||||||||||||||
• | 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. | ||||||||||||||||
The Walmart International segment offers a limited number of consumer credit products, primarily through its financial institutions in select markets. The receivable balance from consumer credit products was $1.2 billion, net of a reserve for doubtful accounts of $114 million at January 31, 2015, compared to a receivable balance of $1.3 billion, net of a reserve for doubtful accounts of $119 million at January 31, 2014. These balances are included in receivables, net, in the Company's Consolidated Balance Sheets. | |||||||||||||||||
Inventories | |||||||||||||||||
The Company values inventories at the lower of cost or market as determined primarily by the retail inventory method of accounting, using the last-in, first-out ("LIFO") method for substantially all of the Walmart U.S. segment's inventories. The inventory at the Walmart International segment is valued primarily by the retail inventory method of accounting, using the first-in, first-out ("FIFO") method. The retail inventory method of accounting results in inventory being valued at the lower of cost or market since permanent markdowns are immediately recorded as a reduction of the retail value of inventory. The inventory at the Sam's Club segment is valued based on the weighted-average cost using the LIFO method. At January 31, 2015 and January 31, 2014, the Company's inventories valued at LIFO approximated those inventories as if they were valued at FIFO. | |||||||||||||||||
Property and Equipment | |||||||||||||||||
Property and equipment are stated at cost. Gains or losses on disposition are recognized as earned or incurred. Costs of major improvements are capitalized, while costs of normal repairs and maintenance are charged to expense as incurred. The following table summarizes the Company's property and equipment balances and includes the estimated useful lives that are generally used to depreciate the assets on a straight-line basis: | |||||||||||||||||
Fiscal Years Ended January 31, | |||||||||||||||||
(Amounts in millions) | Estimated Useful Lives | 2015 | 2014 | ||||||||||||||
Land | N/A | $ | 26,261 | $ | 26,184 | ||||||||||||
Buildings and improvements | 3-40 years | 97,496 | 95,488 | ||||||||||||||
Fixtures and equipment | 2-30 years | 45,044 | 42,971 | ||||||||||||||
Transportation equipment | 3-15 years | 2,807 | 2,785 | ||||||||||||||
Construction in progress | N/A | 5,787 | 5,661 | ||||||||||||||
Property and equipment | $ | 177,395 | $ | 173,089 | |||||||||||||
Accumulated depreciation | (63,115 | ) | (57,725 | ) | |||||||||||||
Property and equipment, net | $ | 114,280 | $ | 115,364 | |||||||||||||
Leasehold improvements are depreciated over the shorter of the estimated useful life of the asset or the remaining expected lease term. Depreciation expense for property and equipment, including amortization of property under capital leases, for fiscal 2015, 2014 and 2013 was $9.1 billion, $8.8 billion and $8.4 billion, respectively. Interest costs capitalized on construction projects were $59 million, $78 million and $74 million in fiscal 2015, 2014 and 2013, respectively. | |||||||||||||||||
Long-Lived Assets | |||||||||||||||||
Long-lived assets are stated at cost. Management reviews long-lived assets for indicators of impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The evaluation is performed at the lowest level of identifiable cash flows, which is at the individual store or club level or, in certain circumstances, a market group of stores. Undiscounted cash flows expected to be generated by the related assets are estimated over the assets' useful lives based on updated projections. If the evaluation indicates that the carrying amount of the assets may not be recoverable, any potential impairment is measured based upon the fair value of the related asset or asset group as determined by an appropriate market appraisal or other valuation technique. Impairment charges of long-lived assets for fiscal 2015, 2014 and 2013 were not significant. | |||||||||||||||||
Goodwill and Other Acquired Intangible Assets | |||||||||||||||||
Goodwill represents the excess of the purchase price over the fair value of net assets acquired in business combinations and is allocated to the appropriate reporting unit when acquired. Other acquired intangible assets are stated at the fair value acquired as determined by a valuation technique commensurate with the intended use of the related asset. Goodwill and indefinite-lived intangible assets are not amortized; rather, they are evaluated for impairment annually and whenever events or changes in circumstances indicate that the value of the asset may be impaired. Definite-lived intangible assets are considered long-lived assets and are amortized on a straight-line basis over the periods that expected economic benefits will be provided. | |||||||||||||||||
Goodwill is evaluated for impairment using either a qualitative or quantitative approach for each of the Company's reporting units. Generally, a qualitative assessment is first performed to determine whether a quantitative goodwill impairment test is necessary. If management determines, after performing an assessment based on the qualitative factors, that the fair value of the reporting unit is more likely than not less than the carrying amount, or that a fair value of the reporting unit substantially in excess of the carrying amount cannot be assured, then a quantitative goodwill impairment test would be required. The quantitative test for goodwill impairment is performed by determining the fair value of the related reporting units. Fair value is measured based on the discounted cash flow method and relative market-based approaches. | |||||||||||||||||
The Company's reporting units were evaluated using a quantitative impairment test. Management determined the fair value of each reporting unit is greater than the carrying amount and, accordingly, the Company has not recorded any impairment charges related to goodwill. | |||||||||||||||||
The following table reflects goodwill activity, by reportable segment, for fiscal 2015 and 2014: | |||||||||||||||||
(Amounts in millions) | Walmart U.S. | Walmart | Sam's Club | Total | |||||||||||||
International | |||||||||||||||||
Balances as of February 1, 2013 | $ | 443 | $ | 19,741 | $ | 313 | $ | 20,497 | |||||||||
Changes in currency translation and other | — | (1,000 | ) | — | (1,000 | ) | |||||||||||
Acquisitions(1) | 8 | 5 | — | 13 | |||||||||||||
Balances as of January 31, 2014 | 451 | 18,746 | 313 | 19,510 | |||||||||||||
Changes in currency translation and other | — | (1,418 | ) | — | (1,418 | ) | |||||||||||
Acquisitions(1) | 10 | — | — | 10 | |||||||||||||
Balances as of January 31, 2015 | $ | 461 | $ | 17,328 | $ | 313 | $ | 18,102 | |||||||||
-1 | Goodwill recorded for fiscal 2015 and 2014 acquisitions relates to acquisitions that are not significant, individually or in the aggregate, to the Company's Consolidated Financial Statements. | ||||||||||||||||
Indefinite-lived intangible assets are included in other assets and deferred charges in the Company's Consolidated Balance Sheets. These assets are evaluated for impairment based on their fair values using valuation techniques which are updated annually based on the most recent variables and assumptions. There were no impairment charges related to indefinite-lived intangible assets recorded for fiscal 2015, 2014 and 2013. | |||||||||||||||||
Self Insurance Reserves | |||||||||||||||||
The Company uses a combination of insurance and self insurance for a number of risks, including, but not limited to, workers' compensation, general liability, auto liability, product liability and the Company's obligation for employee-related health care benefits. Liabilities relating to the claims associated with these risks are estimated by considering historical claims experience, frequency, severity, demographic factors and other actuarial assumptions, including incurred but not reported claims. In estimating its liability for such claims, the Company periodically analyzes its historical trends, including loss development, and applies appropriate loss development factors to the incurred costs associated with the claims. To limit exposure to certain risks, the Company maintains stop-loss insurance coverage for workers' compensation of $5 million per occurrence, and in most instances, $15 million per occurrence for general liability. | |||||||||||||||||
Income Taxes | |||||||||||||||||
Income taxes are accounted for under the balance sheet method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases ("temporary differences"). Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rate is recognized in income in the period that includes the enactment date. | |||||||||||||||||
Deferred tax assets are evaluated for future realization and reduced by a valuation allowance to the extent that a portion is not more likely than not to be realized. Many factors are considered when assessing whether it is more likely than not that the deferred tax assets will be realized, including recent cumulative earnings, expectations of future taxable income, carryforward periods, and other relevant quantitative and qualitative factors. The recoverability of the deferred tax assets is evaluated by assessing the adequacy of future expected taxable income from all sources, including reversal of taxable temporary differences, forecasted operating earnings and available tax planning strategies. These sources of income rely heavily on estimates. | |||||||||||||||||
In determining the provision for income taxes, an annual effective income tax rate is used based on annual income, permanent differences between book and tax income, and statutory income tax rates. Discrete events such as audit settlements or changes in tax laws are recognized in the period in which they occur. | |||||||||||||||||
The Company records a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. The Company records interest and penalties related to unrecognized tax benefits in interest expense and operating, selling, general and administrative expenses, respectively, in the Company's Consolidated Statements of Income. Refer to Note 9 for additional income tax disclosures. | |||||||||||||||||
Revenue Recognition | |||||||||||||||||
Sales | |||||||||||||||||
The Company recognizes sales revenue, net of sales taxes and estimated sales returns, at the time it sells merchandise to the customer. | |||||||||||||||||
Membership Fee Revenue | |||||||||||||||||
The Company recognizes membership fee revenue both in the U.S. and internationally over the term of the membership, which is typically 12 months. The following table summarizes membership fee activity for fiscal 2015, 2014 and 2013: | |||||||||||||||||
Fiscal Years Ended January 31, | |||||||||||||||||
(Amounts in millions) | 2015 | 2014 | 2013 | ||||||||||||||
Deferred membership fee revenue, beginning of year | $ | 641 | $ | 575 | $ | 559 | |||||||||||
Cash received from members | 1,410 | 1,249 | 1,133 | ||||||||||||||
Membership fee revenue recognized | (1,292 | ) | (1,183 | ) | (1,117 | ) | |||||||||||
Deferred membership fee revenue, end of year | $ | 759 | $ | 641 | $ | 575 | |||||||||||
Membership fee revenue is included in membership and other income in the Company's Consolidated Statements of Income. The deferred membership fee is included in accrued liabilities in the Company's Consolidated Balance Sheets. | |||||||||||||||||
Shopping Cards | |||||||||||||||||
Customer purchases of shopping cards are not recognized as revenue until the card is redeemed and the customer purchases merchandise using the shopping card. Shopping cards in the U.S. do not carry an expiration date; therefore, customers and members can redeem their shopping cards for merchandise indefinitely. Shopping cards in certain foreign countries where the Company does business may have expiration dates. A certain number of shopping cards, both with and without expiration dates, will not be fully redeemed. Management estimates unredeemed shopping cards and recognizes revenue for these amounts over shopping card historical usage periods based on historical redemption rates. Management periodically reviews and updates its estimates of usage periods and redemption rates. | |||||||||||||||||
Financial and Other Services | |||||||||||||||||
The Company recognizes revenue from service transactions at the time the service is performed. Generally, revenue from services is classified as a component of net sales in the Company's Consolidated Statements of Income. | |||||||||||||||||
Cost of Sales | |||||||||||||||||
Cost of sales includes actual product cost, the cost of transportation to the Company's distribution facilities, stores and clubs from suppliers, the cost of transportation from the Company's distribution facilities to the stores, clubs and customers and the cost of warehousing for the Sam's Club segment and import distribution centers. Cost of sales is reduced by supplier payments that are not a reimbursement of specific, incremental and identifiable costs. | |||||||||||||||||
Payments from Suppliers | |||||||||||||||||
The Company receives consideration from suppliers for various programs, primarily volume incentives, warehouse allowances and reimbursements for specific programs such as markdowns, margin protection, advertising and supplier-specific fixtures. Payments from suppliers are accounted for as a reduction of cost of sales and are recognized in the Company's Consolidated Statements of Income when the related inventory is sold, except when the payment is a reimbursement of specific, incremental and identifiable costs. | |||||||||||||||||
Operating, Selling, General and Administrative Expenses | |||||||||||||||||
Operating, selling, general and administrative expenses include all operating costs of the Company, except cost of sales, as described above. As a result, the majority of the cost of warehousing and occupancy for the Walmart U.S. and Walmart International segments' distribution facilities is included in operating, selling, general and administrative expenses. Because the Company does not include most of the cost of its Walmart U.S. and Walmart International segments' distribution facilities in cost of sales, its gross profit and gross profit as a percentage of net sales may not be comparable to those of other retailers that may include all costs related to their distribution facilities in cost of sales and in the calculation of gross profit. | |||||||||||||||||
Advertising Costs | |||||||||||||||||
Advertising costs are expensed as incurred and were $2.4 billion for both fiscal 2015 and fiscal 2014 and $2.3 billion for fiscal 2013. Advertising costs consist primarily of print, television and digital advertisements and are recorded in operating, selling, general and administrative expenses in the Company's Consolidated Statements of Income. Reimbursements from suppliers that are for specific, incremental and identifiable advertising costs are recognized as a reduction of advertising costs in operating, selling, general and administrative expenses. | |||||||||||||||||
Leases | |||||||||||||||||
The Company estimates the expected term of a lease by assuming the exercise of renewal options where an economic penalty exists that would preclude the abandonment of the lease at the end of the initial non-cancelable term and the exercise of such renewal is at the sole discretion of the Company. The expected term is used in the determination of whether a store or club lease is a capital or operating lease and in the calculation of straight-line rent expense. Additionally, the useful life of leasehold improvements is limited by the expected lease term or the economic life of the asset, whichever is shorter. If significant expenditures are made for leasehold improvements late in the expected term of a lease and renewal is reasonably assured, the useful life of the leasehold improvement is limited to the end of the renewal period or economic life of the asset, whichever is shorter. | |||||||||||||||||
Rent abatements and escalations are considered in the calculation of minimum lease payments in the Company's capital lease tests and in determining straight-line rent expense for operating leases. | |||||||||||||||||
Pre-Opening Costs | |||||||||||||||||
The cost of start-up activities, including organization costs, related to new store openings, store remodels, relocations, expansions and conversions are expensed as incurred and included in operating, selling, general and administrative expenses in the Company's Consolidated Statements of Income. Pre-opening costs totaled $317 million, $338 million and $316 million for fiscal 2015, 2014 and 2013, respectively. | |||||||||||||||||
Currency Translation | |||||||||||||||||
The assets and liabilities of all international subsidiaries are translated from the respective local currency to the U.S. dollar using exchange rates at the balance sheet date. Related translation adjustments are recorded as a component of accumulated other comprehensive income (loss). The income statements of all international subsidiaries are translated from the respective local currencies to the U.S. dollar using average exchange rates for the period covered by the income statements. | |||||||||||||||||
Reclassifications | |||||||||||||||||
Certain reclassifications have been made to previous fiscal year amounts and balances to conform to the presentation in the current fiscal year. These reclassifications did not impact consolidated operating income or net income. Additionally, certain segment asset and expense allocations have been reclassified among segments in the current period. See Note 14 for further discussion of the Company's segments. | |||||||||||||||||
Recent Accounting Pronouncements | |||||||||||||||||
In April 2014, the Financial Accounting Standards Board issued Accounting Standards Update ("ASU") 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which provides guidance for the recognition of discontinued operations, changes the requirements for reporting discontinued operations and requires additional disclosures about discontinued operations. This ASU applies to prospective transactions beginning on or after December 15, 2014, with early adoption permitted. The Company adopted this ASU for the fiscal year ended January 31, 2015 and adoption did not materially impact the Company's consolidated net income, financial position or cash flows. | |||||||||||||||||
In May 2014, the Financial Accounting Standards Board issued ASU 2014-09, Revenue from Contracts with Customers. This ASU is a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. This ASU is effective for annual reporting periods beginning after December 15, 2016 and early adoption is not permitted. Accordingly, the Company will adopt this ASU on February 1, 2017. Companies may use either a full retrospective or a modified retrospective approach to adopt this ASU. Management is currently evaluating this standard, including which transition approach to use, and does not expect this ASU to materially impact the Company's consolidated net income, financial position or cash flows. |
Net_Income_Per_Common_Share
Net Income Per Common Share | 12 Months Ended | ||||||||||||
Jan. 31, 2015 | |||||||||||||
Earnings Per Share [Abstract] | |||||||||||||
Net income per common share | Net Income Per Common Share | ||||||||||||
Basic income per common share from continuing operations attributable to Walmart is based on the weighted-average common shares outstanding during the relevant period. Diluted income per common share from continuing operations attributable to Walmart is based on the weighted-average common shares outstanding during the relevant period adjusted for the dilutive effect of share-based awards. The Company did not have significant share-based awards outstanding that were antidilutive and not included in the calculation of diluted income per common share from continuing operations attributable to Walmart for fiscal 2015, 2014 and 2013. | |||||||||||||
The following table provides a reconciliation of the numerators and denominators used to determine basic and diluted income per common share from continuing operations attributable to Walmart: | |||||||||||||
Fiscal Years Ended January 31, | |||||||||||||
(Amounts in millions, except per share data) | 2015 | 2014 | 2013 | ||||||||||
Numerator | |||||||||||||
Income from continuing operations | $ | 16,814 | $ | 16,551 | $ | 17,704 | |||||||
Less income from continuing operations attributable to noncontrolling interest | (632 | ) | (633 | ) | (741 | ) | |||||||
Income from continuing operations attributable to Walmart | $ | 16,182 | $ | 15,918 | $ | 16,963 | |||||||
Denominator | |||||||||||||
Weighted-average common shares outstanding, basic | 3,230 | 3,269 | 3,374 | ||||||||||
Dilutive impact of stock options and other share-based awards | 13 | 14 | 15 | ||||||||||
Weighted-average common shares outstanding, diluted | 3,243 | 3,283 | 3,389 | ||||||||||
Income per common share from continuing operations attributable to Walmart | |||||||||||||
Basic | $ | 5.01 | $ | 4.87 | $ | 5.03 | |||||||
Diluted | 4.99 | 4.85 | 5.01 | ||||||||||
Shareholders_Equity
Shareholder's Equity | 12 Months Ended | ||||||||||||||
Jan. 31, 2015 | |||||||||||||||
Share-based Compensation [Abstract] | |||||||||||||||
Stockholders' equity note disclosure | Shareholders' Equity | ||||||||||||||
Share-Based Compensation | |||||||||||||||
The Company has awarded share-based compensation to associates and nonemployee directors of the Company. The compensation expense recognized for all plans was $462 million, $388 million and $378 million for fiscal 2015, 2014 and 2013, respectively. Share-based compensation expense is included in operating, selling, general and administrative expenses in the Company's Consolidated Statements of Income. The total income tax benefit recognized for share-based compensation was $173 million, $145 million and $142 million for fiscal 2015, 2014 and 2013, respectively. The following table summarizes the Company's share-based compensation expense by award type: | |||||||||||||||
Fiscal Years Ended January 31, | |||||||||||||||
(Amounts in millions) | 2015 | 2014 | 2013 | ||||||||||||
Restricted stock and performance share units | $ | 157 | $ | 141 | $ | 152 | |||||||||
Restricted stock units | 277 | 224 | 195 | ||||||||||||
Other | 28 | 23 | 31 | ||||||||||||
Share-based compensation expense | $ | 462 | $ | 388 | $ | 378 | |||||||||
The Company's shareholder-approved Stock Incentive Plan of 2010 (the "Plan") became effective June 4, 2010 and amended and restated the Company's Stock Incentive Plan of 2005. The Plan was established to grant stock options, restricted (non-vested) stock, performance shares units and other equity compensation awards for which 210 million shares of common stock issued or to be issued under the Plan have been registered under the Securities Act of 1933, as amended. The Company believes that such awards serve to align the interests of its associates with those of its shareholders. | |||||||||||||||
The Plan's award types are summarized as follows: | |||||||||||||||
• | Restricted Stock and Performance Share Units. Restricted stock awards are for shares that vest based on the passage of time and include restrictions related to employment. Performance share units vest based on the passage of time and achievement of performance criteria and may range from 0% to 150% of the original award amount. Vesting periods for these awards are generally between one and three years. Restricted stock and performance share units may be settled or deferred in stock and are accounted for as equity in the Company's Consolidated Balance Sheets. The fair value of restricted stock awards is determined on the date of grant and is expensed ratably over the vesting period. The fair value of performance share units is determined on the date of grant using the Company's stock price discounted for the expected dividend yield through the vesting period and is recognized over the vesting period. | ||||||||||||||
• | Restricted Stock Units. Restricted stock units provide rights to Company stock after a specified service period; 50% vest three years from the grant date and the remaining 50% vest five years from the grant date. The fair value of each restricted stock unit is determined on the date of grant using the stock price discounted for the expected dividend yield through the vesting period and is recognized ratably over the vesting period. The expected dividend yield is based on the anticipated dividends over the vesting period. The weighted-average discount for the dividend yield used to determine the fair value of restricted stock units granted in fiscal 2015, 2014 and 2013 was 9.5%, 10.3% and 12.2%, respectively. | ||||||||||||||
In addition to the Plan, the Company's subsidiary in the United Kingdom has stock option plans for certain colleagues which generally vest over three years. The stock option share-based compensation expense is included in the other line in the table above. | |||||||||||||||
The following table shows the activity for restricted stock and performance share units and restricted stock units during fiscal 2015: | |||||||||||||||
Restricted Stock and Performance Share Units(1) | Restricted Stock Units | ||||||||||||||
(Shares in thousands) | Shares | Weighted- | Shares | Weighted- | |||||||||||
Average | Average | ||||||||||||||
Grant-Date | Grant-Date | ||||||||||||||
Fair Value | Fair Value | ||||||||||||||
Per Share | Per Share | ||||||||||||||
Outstanding at February 1, 2014 | 9,951 | $ | 63.26 | 17,785 | $ | 55.87 | |||||||||
Granted | 3,328 | 75.3 | 5,671 | 69.39 | |||||||||||
Vested/exercised | (2,799 | ) | 55.64 | (4,554 | ) | 47.81 | |||||||||
Forfeited or expired | (1,757 | ) | 62.35 | (1,334 | ) | 61.63 | |||||||||
Outstanding at January 31, 2015 | 8,723 | $ | 68.89 | 17,568 | $ | 61 | |||||||||
-1 | Assumes payout rate at 100% for Performance Share Units. | ||||||||||||||
The following table includes additional information related to restricted stock and performance share units and restricted stock units: | |||||||||||||||
Fiscal Years Ended January 31, | |||||||||||||||
(Amounts in millions) | 2015 | 2014 | 2013 | ||||||||||||
Fair value of restricted stock and performance share units vested | $ | 156 | $ | 116 | $ | 155 | |||||||||
Fair value of restricted stock units vested | 218 | 189 | 168 | ||||||||||||
Unrecognized compensation cost for restricted stock and performance share units | 154 | 200 | 233 | ||||||||||||
Unrecognized compensation cost for restricted stock units | 570 | 497 | 437 | ||||||||||||
Weighted average remaining period to expense for restricted stock and performance share units (years) | 1.3 | 2 | 2 | ||||||||||||
Weighted average remaining period to expense for restricted stock units (years) | 1.7 | 2.1 | 1.7 | ||||||||||||
Share Repurchase Program | |||||||||||||||
From time to time, the Company repurchases shares of its common stock under share repurchase programs authorized by the Board of Directors. On June 6, 2013, the Company's Board of Directors replaced the previous $15.0 billion share repurchase program, which had approximately $712 million of remaining authorization for share repurchases as of that date, with a new $15.0 billion share repurchase program, which was announced on June 7, 2013. As was the case with the replaced share repurchase program, the current share repurchase program has no expiration date or other restrictions limiting the period over which the Company can make share repurchases. At January 31, 2015, authorization for $10.3 billion of share repurchases remained under the current share repurchase program. Any repurchased shares are constructively retired and returned to an unissued status. | |||||||||||||||
The Company considers several factors in determining when to execute share repurchases, including, among other things, current cash needs, capacity for leverage, cost of borrowings, its results of operations and the market price of its common stock. The following table provides, on a settlement date basis, the number of shares repurchased, average price paid per share and total cash paid for share repurchases for fiscal 2015, 2014 and 2013: | |||||||||||||||
Fiscal Years Ended January 31, | |||||||||||||||
(Amounts in millions, except per share data) | 2015 | 2014 | 2013 | ||||||||||||
Total number of shares repurchased | 13.4 | 89.1 | 113.2 | ||||||||||||
Average price paid per share | $ | 75.82 | $ | 74.99 | $ | 67.15 | |||||||||
Total cash paid for share repurchases | $ | 1,015 | $ | 6,683 | $ | 7,600 | |||||||||
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income (Loss) | 12 Months Ended | ||||||||||||||||
Jan. 31, 2015 | |||||||||||||||||
Other Comprehensive Income (Loss), Tax [Abstract] | |||||||||||||||||
Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income (Loss) | ||||||||||||||||
The following table provides the fiscal 2015, 2014 and 2013 changes in the composition of total accumulated other comprehensive income (loss), including the amounts reclassified out of accumulated other comprehensive income (loss) by component for fiscal 2015 and 2014: | |||||||||||||||||
(Amounts in millions and net of income taxes) | Currency Translation | Derivative | Minimum | Total | |||||||||||||
and Other | Instruments | Pension Liability | |||||||||||||||
Balances as of January 31, 2012 | $ | (806 | ) | $ | (7 | ) | $ | (597 | ) | $ | (1,410 | ) | |||||
Other comprehensive income (loss) before reclassifications | 853 | 136 | (166 | ) | 823 | ||||||||||||
Balances as of January 31, 2013 | 47 | 129 | (763 | ) | (587 | ) | |||||||||||
Other comprehensive income (loss) before reclassifications | (2,769 | ) | 194 | 149 | (2,426 | ) | |||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | — | 13 | 4 | 17 | |||||||||||||
Balances as of January 31, 2014 | (2,722 | ) | 336 | (610 | ) | (2,996 | ) | ||||||||||
Other comprehensive income (loss) before reclassifications | (3,633 | ) | (496 | ) | (58 | ) | (4,187 | ) | |||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | — | 26 | (11 | ) | 15 | ||||||||||||
Balances as of January 31, 2015 | $ | (6,355 | ) | $ | (134 | ) | $ | (679 | ) | $ | (7,168 | ) | |||||
Amounts reclassified from accumulated other comprehensive income (loss) for derivative instruments are recorded in interest, net, in the Company's Consolidated Statements of Income, and the amounts for the minimum pension liability are recorded in operating, selling, general and administrative expenses in the Company's Consolidated Statements of Income. | |||||||||||||||||
The Company's unrealized net gains and losses on net investment hedges, included in the currency translation and other category of accumulated other comprehensive income (loss), were not significant as of January 31, 2015 and January 31, 2014. |
Accrued_Liabilities
Accrued Liabilities | 12 Months Ended | ||||||||
Jan. 31, 2015 | |||||||||
Accrued Liabilities [Abstract] | |||||||||
Accounts payable and accrued liabilities disclosure | Accrued Liabilities | ||||||||
The Company's accrued liabilities consist of the following: | |||||||||
As of January 31, | |||||||||
(Amounts in millions) | 2015 | 2014 | |||||||
Accrued wages and benefits(1) | $ | 4,954 | $ | 4,652 | |||||
Self-insurance(2) | 3,306 | 3,477 | |||||||
Accrued non-income taxes(3) | 2,592 | 2,554 | |||||||
Other(4) | 8,300 | 8,110 | |||||||
Total accrued liabilities | $ | 19,152 | $ | 18,793 | |||||
-1 | Accrued wages and benefits include accrued wages, salaries, vacation, bonuses and other incentive plans. | ||||||||
-2 | Self-insurance consists of all insurance-related liabilities, such as workers' compensation, general liability, vehicle liability, property liability and employee-related health care benefits. | ||||||||
-3 | Accrued non-income taxes include accrued payroll, value added, sales and miscellaneous other taxes. | ||||||||
-4 | Other accrued liabilities consist of various items such as maintenance, utilities, advertising and interest. |
Shortterm_Borrowings_and_Longt
Short-term Borrowings and Long-term Debt | 12 Months Ended | ||||||||||||||||||||||||
Jan. 31, 2015 | |||||||||||||||||||||||||
Long-term Debt, Unclassified [Abstract] | |||||||||||||||||||||||||
Short-term Borrowings and Long-term Debt | Short-term Borrowings and Long-term Debt | ||||||||||||||||||||||||
Short-term borrowings consist of commercial paper and lines of credit. Short-term borrowings outstanding at January 31, 2015 and 2014 were $1.6 billion and $7.7 billion, respectively. The following table includes additional information related to the Company's short-term borrowings for fiscal 2015, 2014 and 2013: | |||||||||||||||||||||||||
Fiscal Years Ended January 31, | |||||||||||||||||||||||||
(Amounts in millions) | 2015 | 2014 | 2013 | ||||||||||||||||||||||
Maximum amount outstanding at any month-end | $ | 11,581 | $ | 13,318 | $ | 8,740 | |||||||||||||||||||
Average daily short-term borrowings | 7,009 | 8,971 | 6,007 | ||||||||||||||||||||||
Weighted-average interest rate | 0.5 | % | 0.1 | % | 0.1 | % | |||||||||||||||||||
The Company has various committed lines of credit, committed with 23 financial institutions, totaling $15.0 billion as of January 31, 2015 and with 24 financial institutions, totaling $15.4 billion as of January 31, 2014. The committed lines of credit are summarized in the following table: | |||||||||||||||||||||||||
Fiscal Years Ended January 31, | |||||||||||||||||||||||||
2015 | 2014 | ||||||||||||||||||||||||
(Amounts in millions) | Available | Drawn | Undrawn | Available | Drawn | Undrawn | |||||||||||||||||||
Five-year credit facility(1) | $ | 6,000 | $ | — | $ | 6,000 | $ | 6,000 | $ | — | $ | 6,000 | |||||||||||||
364-day revolving credit facility(2) | 9,000 | — | 9,000 | 9,400 | — | 9,400 | |||||||||||||||||||
Total | $ | 15,000 | $ | — | $ | 15,000 | $ | 15,400 | $ | — | $ | 15,400 | |||||||||||||
-1 | In June 2014, the Company renewed and extended its existing five-year credit facility, which is used to support its commercial paper program. | ||||||||||||||||||||||||
-2 | In June 2014, the Company renewed and extended its existing 364-day revolving credit facility, which is used to support its commercial paper program. | ||||||||||||||||||||||||
The committed lines of credit mature at various times between June 2015 and June 2019, carry interest rates generally ranging between LIBOR plus 10 basis points and LIBOR plus 75 basis points, and incur commitment fees ranging between 1.5 and 4.0 basis points. In conjunction with the lines of credit listed in the table above, the Company has agreed to observe certain covenants, the most restrictive of which relates to the maximum amount of secured debt. | |||||||||||||||||||||||||
Apart from the committed lines of credit, the Company has trade and stand-by letters of credit totaling $4.6 billion and $4.7 billion at January 31, 2015 and 2014, respectively. These letters of credit are utilized in normal business activities. | |||||||||||||||||||||||||
The Company's long-term debt, which includes the fair value instruments further discussed in Note 8, consists of the following: | |||||||||||||||||||||||||
January 31, 2015 | January 31, 2014 | ||||||||||||||||||||||||
(Amounts in millions) | Maturity Dates | Amount | Average Rate(1) | Amount | Average Rate(1) | ||||||||||||||||||||
By Fiscal Year | |||||||||||||||||||||||||
Unsecured debt | |||||||||||||||||||||||||
Fixed | 2016 - 2045 | $ | 36,000 | 4.30% | $ | 35,500 | 4.30% | ||||||||||||||||||
Variable | 2019 | 500 | 5.40% | 500 | 5.40% | ||||||||||||||||||||
Total U.S. dollar denominated | 36,500 | 36,000 | |||||||||||||||||||||||
Fixed | 2023 - 2030 | 2,821 | 3.30% | 1,356 | 4.90% | ||||||||||||||||||||
Variable | — | — | |||||||||||||||||||||||
Total Euro denominated | 2,821 | 1,356 | |||||||||||||||||||||||
Fixed | 2031 - 2039 | 5,271 | 5.30% | 5,770 | 5.30% | ||||||||||||||||||||
Variable | — | — | |||||||||||||||||||||||
Total Sterling denominated | 5,271 | 5,770 | |||||||||||||||||||||||
Fixed | 2016 - 2021 | 596 | 1.00% | 1,490 | 1.30% | ||||||||||||||||||||
Variable | 2016 | 255 | 0.60% | 457 | 0.70% | ||||||||||||||||||||
Total Yen denominated | 851 | 1,947 | |||||||||||||||||||||||
Total unsecured debt | 45,443 | 45,073 | |||||||||||||||||||||||
Total other debt (in USD)(2) | 453 | 801 | |||||||||||||||||||||||
Total debt | 45,896 | 45,874 | |||||||||||||||||||||||
Less amounts due within one year | (4,810 | ) | (4,103 | ) | |||||||||||||||||||||
Long-term debt | $ | 41,086 | $ | 41,771 | |||||||||||||||||||||
-1 | The average rate represents the weighted-average stated rate for each corresponding debt category, based on year-end balances and year-end interest rates. Interest costs are also impacted by certain derivative financial instruments described in Note 8. | ||||||||||||||||||||||||
-2 | A portion of other debt at January 31, 2015 and 2014 includes secured debt in the amount of $139 million and $572 million, respectively, which was collateralized by property that had an aggregate carrying amount of approximately $19 million and $471 million, respectively. | ||||||||||||||||||||||||
At January 31, 2015 and 2014, the Company had $500 million in debt with embedded put options. The issuance of money market puttable reset securities in the amount of $500 million is structured to be remarketed in connection with the annual reset of the interest rate. If, for any reason, the remarketing of the notes does not occur at the time of any interest rate reset, the holders of the notes must sell, and the Company must repurchase, the notes at par. Accordingly, this issuance has been classified as long-term debt due within one year in the Company's Consolidated Balance Sheets. | |||||||||||||||||||||||||
Annual maturities of long-term debt during the next five years and thereafter are as follows: | |||||||||||||||||||||||||
(Amounts in millions) | Annual | ||||||||||||||||||||||||
Fiscal Year | Maturities | ||||||||||||||||||||||||
2016 | $ | 4,810 | |||||||||||||||||||||||
2017 | 2,312 | ||||||||||||||||||||||||
2018 | 1,523 | ||||||||||||||||||||||||
2019 | 3,518 | ||||||||||||||||||||||||
2020 | 514 | ||||||||||||||||||||||||
Thereafter | 33,219 | ||||||||||||||||||||||||
Total | $ | 45,896 | |||||||||||||||||||||||
Debt Issuances | |||||||||||||||||||||||||
Information on significant long-term debt issued during fiscal 2015 is as follows: | |||||||||||||||||||||||||
(Amounts in millions) | |||||||||||||||||||||||||
Issue Date | Principal Amount | Maturity Date | Fixed vs. Floating | Interest Rate | Proceeds | ||||||||||||||||||||
April 8, 2014 | 850 Euro | April 8, 2022 | Fixed | 1.90% | $ | 1,161 | |||||||||||||||||||
April 8, 2014 | 650 Euro | April 8, 2026 | Fixed | 2.55% | 885 | ||||||||||||||||||||
April 22, 2014 | 500 USD | April 21, 2017 | Fixed | 1.00% | 499 | ||||||||||||||||||||
April 22, 2014 | 1,000 USD | April 22, 2024 | Fixed | 3.30% | 992 | ||||||||||||||||||||
April 22, 2014 | 1,000 USD | April 22, 2044 | Fixed | 4.30% | 985 | ||||||||||||||||||||
October 22, 2014 | 500 USD | April 22, 2024 | Fixed | 3.30% | 508 | ||||||||||||||||||||
Total | $ | 5,030 | |||||||||||||||||||||||
Information on significant long-term debt issued during fiscal 2014 is as follows: | |||||||||||||||||||||||||
(Amounts in millions) | |||||||||||||||||||||||||
Issue Date | Principal Amount | Maturity Date | Fixed vs. Floating | Interest Rate | Proceeds | ||||||||||||||||||||
April 11, 2013 | 1,000 USD | April 11, 2016 | Fixed | 0.60% | $ | 997 | |||||||||||||||||||
April 11, 2013 | 1,250 USD | April 11, 2018 | Fixed | 1.13% | 1,244 | ||||||||||||||||||||
April 11, 2013 | 1,750 USD | April 11, 2023 | Fixed | 2.55% | 1,738 | ||||||||||||||||||||
April 11, 2013 | 1,000 USD | April 11, 2043 | Fixed | 4.00% | 988 | ||||||||||||||||||||
October 2, 2013 | 1,000 USD | December 15, 2018 | Fixed | 1.95% | 995 | ||||||||||||||||||||
October 2, 2013 | 750 USD | October 2, 2043 | Fixed | 4.75% | 738 | ||||||||||||||||||||
Total | $ | 6,700 | |||||||||||||||||||||||
During fiscal 2015 and 2014, the Company also received additional proceeds from other, smaller long-term debt issuances by several of its non-U.S. operations. The proceeds in both fiscal years were used to pay down and refinance existing debt and for other general corporate purposes. | |||||||||||||||||||||||||
Maturities | |||||||||||||||||||||||||
On February 3, 2014, $500 million of 3.000% Notes matured and were repaid; on April 14, 2014, $1.0 billion of 1.625% Notes matured and were repaid; on May 15, 2014, $1.0 billion of 3.200% Notes matured and were repaid; and on August 6, 2014, ¥100 billion of floating rate Notes matured and were repaid. | |||||||||||||||||||||||||
On April 15, 2013, $1.0 billion of 4.250% Notes matured and were repaid; on May 1, 2013, $1.5 billion of 4.550% Notes matured and were repaid; on June 1, 2013, $500 million of 7.250% Notes matured and were repaid; on August 5, 2013, ¥25 billion of 2.010% and ¥50 billion of floating rate Notes matured and were repaid; and on October 25, 2013, $750 million of 0.750% Notes matured and were repaid. | |||||||||||||||||||||||||
During fiscal 2015 and 2014, the Company also repaid other, smaller long-term debt as it matured in several of its non-U.S. operations. |
Fair_Value_Measurements
Fair Value Measurements | 12 Months Ended | ||||||||||||||||
Jan. 31, 2015 | |||||||||||||||||
Fair Value Disclosures [Abstract] | |||||||||||||||||
Fair Value Measurements | Fair Value Measurements | ||||||||||||||||
The Company records and discloses certain financial and non-financial assets and liabilities at fair value. The fair value of an asset is the price at which the asset could be sold in an ordinary transaction between unrelated, knowledgeable and willing parties able to engage in the transaction. The fair value of a liability is the amount that would be paid to transfer the liability to a new obligor in a transaction between such parties, not the amount that would be paid to settle the liability with the creditor. Assets and liabilities recorded at fair value are measured using the fair value hierarchy, which prioritizes the inputs used in measuring fair value. The levels of the fair value hierarchy are: | |||||||||||||||||
• | 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. | ||||||||||||||||
Recurring Fair Value Measurements | |||||||||||||||||
The Company holds derivative instruments that are required to be measured at fair value on a recurring basis. The fair values are the estimated amounts the Company would receive or pay upon termination of the related derivative agreements as of the reporting dates. The fair values have been measured using the income approach and Level 2 inputs, which include the relevant interest rate and foreign currency forward curves. As of January 31, 2015 and 2014, the notional amounts and fair values of these derivatives were as follows: | |||||||||||||||||
January 31, 2015 | 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 | $ | 500 | $ | 12 | $ | 1,000 | $ | 5 | |||||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as net investment hedges | 1,250 | 207 | 1,250 | 97 | |||||||||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as cash flow hedges | 4,329 | (317 | ) | 3,004 | 453 | ||||||||||||
Receive variable-rate, pay fixed-rate interest rate swaps designated as cash flow hedges | 255 | (1 | ) | 457 | (2 | ) | |||||||||||
Receive variable-rate, pay fixed-rate forward starting interest rate swaps designated as cash flow hedges | — | — | 2,500 | 166 | |||||||||||||
Total | $ | 6,334 | $ | (99 | ) | $ | 8,211 | $ | 719 | ||||||||
Nonrecurring Fair Value Measurements | |||||||||||||||||
In addition to assets and liabilities that are recorded at fair value on a recurring basis, the Company's assets and liabilities are also subject to nonrecurring fair value measurements. Generally, assets are recorded at fair value on a nonrecurring basis as a result of impairment charges. The Company did not record any significant impairment charges to assets measured at fair value on a nonrecurring basis during the fiscal years ended January 31, 2015, or 2014. | |||||||||||||||||
Other Fair Value Disclosures | |||||||||||||||||
The Company records cash and cash equivalents and short-term borrowings at cost. The carrying values of these instruments approximate their fair value due to their short-term maturities. | |||||||||||||||||
The Company's long-term debt is also recorded at cost. The fair value is estimated using Level 2 inputs based on the Company's current incremental borrowing rate for similar types of borrowing arrangements. The carrying value and fair value of the Company's long-term debt as of January 31, 2015 and 2014, are as follows: | |||||||||||||||||
January 31, 2015 | January 31, 2014 | ||||||||||||||||
(Amounts in millions) | Carrying Value | Fair Value | Carrying Value | Fair Value | |||||||||||||
Long-term debt, including amounts due within one year | $ | 45,896 | $ | 56,237 | $ | 45,874 | $ | 50,757 | |||||||||
Derivative_Financial_Instrumen
Derivative Financial Instruments | 12 Months Ended | |||||||||||||||||||||||
Jan. 31, 2015 | ||||||||||||||||||||||||
Summary of Derivative Instruments [Abstract] | ||||||||||||||||||||||||
Derivative Financial Instruments | Derivative Financial Instruments | |||||||||||||||||||||||
The Company uses derivative financial instruments for hedging and non-trading purposes to manage its exposure to changes in interest and currency exchange rates, as well as to maintain an appropriate mix of fixed- and variable-rate debt. Use of derivative financial instruments in hedging programs subjects the Company to certain risks, such as market and credit risks. Market risk represents the possibility that the value of the derivative financial instrument will change. In a hedging relationship, the change in the value of the derivative financial instrument is offset to a great extent by the change in the value of the underlying hedged item. Credit risk related to a derivative financial instrument represents the possibility that the counterparty will not fulfill the terms of the contract. The notional, or contractual, amount of the Company's derivative financial instruments is used to measure interest to be paid or received and does not represent the Company's exposure due to credit risk. Credit risk is monitored through established approval procedures, including setting concentration limits by counterparty, reviewing credit ratings and requiring collateral (generally cash) from the counterparty when appropriate. | ||||||||||||||||||||||||
The Company only enters into derivative transactions with counterparties rated "A-" or better by nationally recognized credit rating agencies. Subsequent to entering into derivative transactions, the Company regularly monitors the credit ratings of its counterparties. In connection with various derivative agreements, including master netting arrangements, the Company held cash collateral from counterparties of $323 million and $641 million at January 31, 2015 and January 31, 2014, respectively. The Company records cash collateral received as amounts due to the counterparties exclusive of any derivative asset. Furthermore, as part of the master netting arrangements with these counterparties, the Company is also required to post collateral if the Company's net derivative liability position exceeds $150 million with any counterparty. The Company did not have any cash collateral posted with counterparties at January 31, 2015 or January 31, 2014. The Company records cash collateral it posts with counterparties as amounts receivable from those counterparties exclusive of any derivative liability. | ||||||||||||||||||||||||
The Company uses derivative financial instruments for the purpose of hedging its exposure to interest and currency exchange rate risks and, accordingly, the contractual terms of a hedged instrument closely mirror those of the hedged item, providing a high degree of risk reduction and correlation. Contracts that are effective at meeting the risk reduction and correlation criteria are recorded using hedge accounting. If a derivative financial instrument is recorded using hedge accounting, depending on the nature of the hedge, changes in the fair value of the instrument will either be offset against the change in fair value of the hedged assets, liabilities or firm commitments through earnings or be recognized in accumulated other comprehensive income (loss) until the hedged item is recognized in earnings. Any hedge ineffectiveness is immediately recognized in earnings. The Company's net investment and cash flow instruments are highly effective hedges and the ineffective portion has not been, and is not expected to be, significant. Instruments that do not meet the criteria for hedge accounting, or contracts for which the Company has not elected hedge accounting, are recorded at fair value with unrealized gains or losses reported in earnings during the period of the change. | ||||||||||||||||||||||||
Fair Value Instruments | ||||||||||||||||||||||||
The Company is a party to receive fixed-rate, pay variable-rate interest rate swaps that the Company uses to hedge the fair value of fixed-rate debt. The notional amounts are used to measure interest to be paid or received and do not represent the Company's exposure due to credit loss. The Company's interest rate swaps that receive fixed-interest rate payments and pay variable-interest rate payments are designated as fair value hedges. As the specific terms and notional amounts of the derivative instruments match those of the fixed-rate debt being hedged, the derivative instruments are assumed to be perfectly effective hedges. Changes in the fair values of these derivative instruments are recorded in earnings, but are offset by corresponding changes in the fair values of the hedged items, also recorded in earnings, and, accordingly, do not impact the Company's Consolidated Statements of Income. These fair value instruments will mature in October 2020. | ||||||||||||||||||||||||
Net Investment Instruments | ||||||||||||||||||||||||
The Company is a party to cross-currency interest rate swaps that the Company uses to hedge its net investments. The agreements are contracts to exchange fixed-rate payments in one currency for fixed-rate payments in another currency. All changes in the fair value of these instruments are recorded in accumulated other comprehensive income (loss), offsetting the currency translation adjustment of the related investment that is also recorded in accumulated other comprehensive income (loss). These instruments will mature on dates ranging from October 2023 to February 2030. | ||||||||||||||||||||||||
The Company has issued foreign-currency-denominated long-term debt as hedges of net investments of certain of its foreign operations. These foreign-currency-denominated long-term debt issuances are designated and qualify as nonderivative hedging instruments. Accordingly, the foreign currency translation of these debt instruments is recorded in accumulated other comprehensive income (loss), offsetting the foreign currency translation adjustment of the related net investments that is also recorded in accumulated other comprehensive income (loss). At January 31, 2015 and January 31, 2014, the Company had ¥100 billion and ¥200 billion, respectively, of outstanding long-term debt designated as a hedge of its net investment in Japan, as well as outstanding long-term debt of £2.5 billion at January 31, 2015 and 2014 that was designated as a hedge of its net investment in the United Kingdom. These nonderivative net investment hedges will mature on dates ranging from July 2015 to January 2039. | ||||||||||||||||||||||||
Cash Flow Instruments | ||||||||||||||||||||||||
The Company is a party to receive variable-rate, pay fixed-rate interest rate swaps that the Company uses to hedge the interest rate risk of certain non-U.S. denominated debt. The swaps are designated as cash flow hedges of interest expense risk. Amounts reported in accumulated other comprehensive income (loss) related to these derivatives are reclassified from accumulated other comprehensive income (loss) to earnings as interest is expensed for the Company's variable-rate debt, converting the variable-rate interest expense into fixed-rate interest expense. These cash flow instruments will mature in July 2015. | ||||||||||||||||||||||||
The Company is also a party to receive fixed-rate, pay fixed-rate cross-currency interest rate swaps to hedge the currency exposure associated with the forecasted payments of principal and interest of certain non-U.S. denominated debt. The swaps are designated as cash flow hedges of the currency risk related to payments on the non-U.S. denominated debt. The effective portion of changes in the fair value of derivatives designated as cash flow hedges of foreign exchange risk is recorded in accumulated other comprehensive income (loss) and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The hedged items are recognized foreign currency-denominated liabilities that are remeasured at spot exchange rates each period, and the assessment of effectiveness (and measurement of any ineffectiveness) is based on total changes in the related derivative's cash flows. As a result, the amount reclassified into earnings each period includes an amount that offsets the related transaction gain or loss arising from that remeasurement and the adjustment to earnings for the period's allocable portion of the initial spot-forward difference associated with the hedging instrument. These cash flow instruments will mature on dates ranging from April 2022 to March 2034. | ||||||||||||||||||||||||
The Company used forward starting receive variable-rate, pay fixed-rate swaps ("forward starting swaps") to hedge its exposure to the variability in future cash flows due to changes in the LIBOR swap rate for debt issuances forecasted to occur in the future. These forward starting swaps were terminated in October 2014, April 2014 and April 2013 concurrently with the issuance of the hedged debt. Upon termination of the forward starting swaps, the Company received net cash payments from the related counterparties of $96 million in fiscal 2015 and made net cash payments to the related counterparties of $74 million in fiscal 2014. The payments were recorded in accumulated other comprehensive income (loss) and will be reclassified to earnings over the life of the related debt through May 2044, effectively adjusting interest expense to reflect the fixed interest rates entered into by the forward starting swaps. | ||||||||||||||||||||||||
Financial Statement Presentation | ||||||||||||||||||||||||
Although subject to master netting arrangements, the Company does not offset derivative assets and derivative liabilities in its Consolidated Balance Sheets. Derivative instruments with an unrealized gain are recorded in the Company's Consolidated Balance Sheets as either current or non-current assets, based on maturity date, and those hedging instruments with an unrealized loss are recorded as either current or non-current liabilities, based on maturity date. | ||||||||||||||||||||||||
The Company's derivative instruments, as well as its nonderivative debt instruments designated and qualifying as net investment hedges, were classified as follows in the Company's Consolidated Balance Sheets: | ||||||||||||||||||||||||
January 31, 2015 | January 31, 2014 | |||||||||||||||||||||||
(Amounts in millions) | Fair Value | Net Investment | Cash Flow | Fair Value | Net Investment | Cash Flow | ||||||||||||||||||
Instruments | Instruments | Instruments | Instruments | Instruments | Instruments | |||||||||||||||||||
Derivative instruments | ||||||||||||||||||||||||
Prepaid expenses and other | $ | — | $ | — | $ | — | $ | 5 | $ | — | $ | — | ||||||||||||
Other assets and deferred charges | 12 | 207 | 293 | — | 97 | 619 | ||||||||||||||||||
Derivative asset subtotals | $ | 12 | $ | 207 | $ | 293 | $ | 5 | $ | 97 | $ | 619 | ||||||||||||
Accrued liabilities | $ | — | $ | — | $ | 1 | $ | — | $ | — | $ | 1 | ||||||||||||
Deferred income taxes and other | — | — | 610 | — | — | 1 | ||||||||||||||||||
Derivative liability subtotals | $ | — | $ | — | $ | 611 | $ | — | $ | — | $ | 2 | ||||||||||||
Nonderivative hedging instruments | ||||||||||||||||||||||||
Long-term debt due within one year | $ | — | $ | 766 | $ | — | $ | — | $ | 973 | $ | — | ||||||||||||
Long-term debt | — | 3,850 | — | — | 5,095 | — | ||||||||||||||||||
Nonderivative hedge liability subtotals | $ | — | $ | 4,616 | $ | — | $ | — | $ | 6,068 | $ | — | ||||||||||||
Gains and losses related to the Company's derivatives primarily relate to interest rate hedges, which are recorded in interest, net, in the Company's Consolidated Statements of Income. Amounts related to the Company's derivatives expected to be reclassified from accumulated other comprehensive income (loss) to net income during the next 12 months are not significant. |
Taxes
Taxes | 12 Months Ended | |||||||||||
Jan. 31, 2015 | ||||||||||||
Income Tax Disclosure [Abstract] | ||||||||||||
Income tax disclosure | Taxes | |||||||||||
Income from Continuing Operations | ||||||||||||
The components of income from continuing operations before income taxes are as follows: | ||||||||||||
Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2015 | 2014 | 2013 | |||||||||
U.S. | $ | 18,610 | $ | 19,412 | $ | 19,352 | ||||||
Non-U.S. | 6,189 | 5,244 | 6,310 | |||||||||
Total income from continuing operations before income taxes | $ | 24,799 | $ | 24,656 | $ | 25,662 | ||||||
A summary of the provision for income taxes is as follows: | ||||||||||||
Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2015 | 2014 | 2013 | |||||||||
Current: | ||||||||||||
U.S. federal | $ | 6,165 | $ | 6,377 | $ | 5,611 | ||||||
U.S. state and local | 810 | 719 | 622 | |||||||||
International | 1,529 | 1,523 | 1,743 | |||||||||
Total current tax provision | 8,504 | 8,619 | 7,976 | |||||||||
Deferred: | ||||||||||||
U.S. federal | (387 | ) | (72 | ) | 38 | |||||||
U.S. state and local | (55 | ) | 37 | (8 | ) | |||||||
International | (77 | ) | (479 | ) | (48 | ) | ||||||
Total deferred tax expense (benefit) | (519 | ) | (514 | ) | (18 | ) | ||||||
Total provision for income taxes | $ | 7,985 | $ | 8,105 | $ | 7,958 | ||||||
Effective Income Tax Rate Reconciliation | ||||||||||||
The Company's effective income tax rate is typically lower than the U.S. statutory tax rate primarily because of benefits from lower-taxed global operations, including the use of global funding structures and certain U.S. tax credits as further discussed in the "Cash and Cash Equivalents" section of the Company's significant accounting policies in Note 1. The Company's non-U.S. income is generally subject to local country tax rates that are below the 35% U.S. statutory tax rate. Certain non-U.S. earnings have been indefinitely reinvested outside the U.S. and are not subject to current U.S. income tax. A reconciliation of the significant differences between the U.S. statutory tax rate and the effective income tax rate on pretax income from continuing operations is as follows: | ||||||||||||
Fiscal Years Ended January 31, | ||||||||||||
2015 | 2014 | 2013 | ||||||||||
U.S. statutory tax rate | 35 | % | 35 | % | 35 | % | ||||||
U.S. state income taxes, net of federal income tax benefit | 1.8 | % | 2 | % | 1.7 | % | ||||||
Income taxed outside the U.S. | (2.7 | )% | (2.8 | )% | (2.6 | )% | ||||||
Net impact of repatriated international earnings | (1.5 | )% | (1.4 | )% | (2.5 | )% | ||||||
Other, net | (0.4 | )% | 0.1 | % | (0.6 | )% | ||||||
Effective income tax rate | 32.2 | % | 32.9 | % | 31 | % | ||||||
Deferred Taxes | ||||||||||||
The significant components of the Company's deferred tax account balances are as follows: | ||||||||||||
January 31, | ||||||||||||
(Amounts in millions) | 2015 | 2014 | ||||||||||
Deferred tax assets: | ||||||||||||
Loss and tax credit carryforwards | $ | 3,255 | $ | 3,566 | ||||||||
Accrued liabilities | 3,395 | 2,986 | ||||||||||
Share-based compensation | 184 | 126 | ||||||||||
Other | 1,119 | 1,573 | ||||||||||
Total deferred tax assets | 7,953 | 8,251 | ||||||||||
Valuation allowances | (1,504 | ) | (1,801 | ) | ||||||||
Deferred tax assets, net of valuation allowance | 6,449 | 6,450 | ||||||||||
Deferred tax liabilities: | ||||||||||||
Property and equipment | 5,972 | 6,295 | ||||||||||
Inventories | 1,825 | 1,641 | ||||||||||
Other | 1,618 | 1,827 | ||||||||||
Total deferred tax liabilities | 9,415 | 9,763 | ||||||||||
Net deferred tax liabilities | $ | 2,966 | $ | 3,313 | ||||||||
The deferred taxes are classified as follows in the Company's Consolidated Balance Sheets: | ||||||||||||
January 31, | ||||||||||||
(Amounts in millions) | 2015 | 2014 | ||||||||||
Balance Sheet classification: | ||||||||||||
Assets: | ||||||||||||
Prepaid expenses and other | $ | 728 | $ | 822 | ||||||||
Other assets and deferred charges | 1,033 | 1,151 | ||||||||||
Asset subtotals | 1,761 | 1,973 | ||||||||||
Liabilities: | ||||||||||||
Accrued liabilities | 56 | 176 | ||||||||||
Deferred income taxes and other | 4,671 | 5,110 | ||||||||||
Liability subtotals | 4,727 | 5,286 | ||||||||||
Net deferred tax liabilities | $ | 2,966 | $ | 3,313 | ||||||||
Unremitted Earnings | ||||||||||||
U.S. income taxes have not been provided on accumulated but undistributed earnings of the Company's international subsidiaries of approximately $23.3 billion and $21.4 billion as of January 31, 2015 and 2014, respectively, as the Company intends to permanently reinvest these amounts outside of the U.S. However, if any portion were to be distributed, the related U.S. tax liability may be reduced by foreign income taxes paid on those earnings. Determination of the unrecognized deferred tax liability related to these undistributed earnings is not practicable because of the complexities with its hypothetical calculation. The Company provides deferred or current income taxes on earnings of international subsidiaries in the period that the Company determines it will remit those earnings. | ||||||||||||
Net Operating Losses, Tax Credit Carryforwards and Valuation Allowances | ||||||||||||
At January 31, 2015, the Company had net operating loss and capital loss carryforwards totaling approximately $5.6 billion. Of these carryforwards, approximately $2.9 billion will expire, if not utilized, in various years through 2033. The remaining carryforwards have no expiration. At January 31, 2015, the Company had foreign tax credit carryforwards of $2.0 billion, which will expire in various years through 2025, if not utilized. | ||||||||||||
The recoverability of these future tax deductions and credits is evaluated by assessing the adequacy of future expected taxable income from all sources, including taxable income in prior carryback years, reversal of taxable temporary differences, forecasted operating earnings and available tax planning strategies. To the extent management does not consider it more likely than not that a deferred tax asset will be realized, a valuation allowance is established. If a valuation allowance has been established and management subsequently determines that it is more likely than not that the deferred tax assets will be realized, the valuation allowance is released. | ||||||||||||
As of January 31, 2015 and 2014, the Company had valuation allowances recorded of approximately $1.5 billion and $1.8 billion, respectively, on deferred tax assets associated primarily with net operating loss carryforwards for which management has determined it is more likely than not that the deferred tax asset will not be realized. The $0.3 billion net decrease in the valuation allowance during fiscal 2015 related to releases arising from the use of deferred tax assets, changes in judgment regarding the future realization of deferred tax assets, increases from certain net operating losses and deductible temporary differences arising in fiscal 2015, decreases due to operating loss expirations and fluctuations in currency exchange rates. Management believes that it is more likely than not that the remaining net deferred tax assets will be fully realized. | ||||||||||||
Uncertain Tax Positions | ||||||||||||
The benefits of uncertain tax positions are recorded in the Company's Consolidated Financial Statements only after determining a more likely than not probability that the uncertain tax positions will withstand challenge, if any, from taxing authorities. | ||||||||||||
As of January 31, 2015 and 2014, the amount of unrecognized tax benefits related to continuing operations was $838 million and $763 million, respectively. The amount of unrecognized tax benefits that would affect the Company's effective income tax rate was $763 million and $698 million for January 31, 2015 and 2014, respectively. | ||||||||||||
A reconciliation of unrecognized tax benefits from continuing operations was as follows: | ||||||||||||
Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2015 | 2014 | 2013 | |||||||||
Unrecognized tax benefits, beginning of year | $ | 763 | $ | 818 | $ | 611 | ||||||
Increases related to prior year tax positions | 7 | 41 | 88 | |||||||||
Decreases related to prior year tax positions | (17 | ) | (112 | ) | (232 | ) | ||||||
Increases related to current year tax positions | 174 | 133 | 431 | |||||||||
Settlements during the period | (89 | ) | (117 | ) | (80 | ) | ||||||
Lapse in statutes of limitations | — | — | — | |||||||||
Unrecognized tax benefits, end of year | $ | 838 | $ | 763 | $ | 818 | ||||||
The Company classifies interest and penalties related to uncertain tax benefits as interest expense and as operating, selling, general and administrative expenses, respectively. During fiscal 2015, 2014 and 2013, the Company recognized interest and penalty expense (benefit) related to uncertain tax positions of $18 million, $(7) million and $2 million, respectively. As of January 31, 2015 and 2014, accrued interest related to uncertain tax positions of $57 million and $40 million, respectively, was recorded in the Company's Consolidated Balance Sheets. The Company did not have any accrued penalties recorded for income taxes as of January 31, 2015 or 2014. | ||||||||||||
During the next twelve months, it is reasonably possible that tax audit resolutions could reduce unrecognized tax benefits by between $50 million and $350 million, either because the tax positions are sustained on audit or because the Company agrees to their disallowance. The Company is focused on resolving tax audits as expeditiously as possible. As a result of these efforts, unrecognized tax benefits could potentially be reduced beyond the provided range during the next twelve months. The Company does not expect any change to have a significant impact to its Consolidated Financial Statements. | ||||||||||||
The Company remains subject to income tax examinations for its U.S. federal income taxes generally for fiscal 2013 through 2015. The Company also remains subject to income tax examinations for international income taxes for fiscal 2000 through 2015, and for U.S. state and local income taxes generally for the fiscal years ended 2006 through 2015. | ||||||||||||
Other Taxes | ||||||||||||
The Company is subject to tax examinations for payroll, value added, sales-based and other non-income taxes. A number of these examinations are ongoing in various jurisdictions, including Brazil. In certain cases, the Company has received assessments from the respective taxing authorities in connection with these examinations. Where a probable loss has occurred, the Company has made accruals, which are reflected in the Company's Consolidated Financial Statements. While the possible losses or range of possible losses associated with these matters are individually immaterial, a group of related matters, if decided adversely to the Company, could result in a liability material to the Company's Consolidated Financial Statements. |
Contingencies
Contingencies | 12 Months Ended | ||||||||||||
Jan. 31, 2015 | |||||||||||||
Commitments and Contingencies Disclosure [Abstract] | |||||||||||||
Contingencies | Contingencies | ||||||||||||
Legal Proceedings | |||||||||||||
The Company is involved in a number of legal proceedings. The Company has made accruals with respect to these matters, where appropriate, which are reflected in the Company's Consolidated Financial Statements. For some matters, a liability is not probable or the amount cannot be reasonably estimated and therefore an accrual has not been made. However, where a liability is reasonably possible and may be material, such matters have been disclosed. The Company may enter into discussions regarding settlement of these matters, and may enter into settlement agreements, if it believes settlement is in the best interest of the Company's shareholders. | |||||||||||||
Unless stated otherwise, the matters, or groups of related matters, discussed below, if decided adversely to or settled by the Company, individually or in the aggregate, may result in a liability material to the Company's financial condition or results of operations. | |||||||||||||
Wage-and-Hour Class Action: The Company is a defendant in Braun/Hummel v. Wal-Mart Stores, Inc., a class-action lawsuit commenced in March 2002 in the Court of Common Pleas in Philadelphia, Pennsylvania. The plaintiffs allege that the Company failed to pay class members for all hours worked and prevented class members from taking their full meal and rest breaks. On October 13, 2006, a jury awarded back-pay damages to the plaintiffs of approximately $78 million on their claims for off-the-clock work and missed rest breaks. The jury found in favor of the Company on the plaintiffs' meal-period claims. On November 14, 2007, the trial judge entered a final judgment in the approximate amount of $188 million, which included the jury's back-pay award plus statutory penalties, prejudgment interest and attorneys' fees. By operation of law, post-judgment interest accrues on the judgment amount at the rate of six percent per annum from the date of entry of the judgment, which was November 14, 2007, until the judgment is paid, unless the judgment is set aside on appeal. On December 7, 2007, the Company filed its Notice of Appeal. On June 10, 2011, the Pennsylvania Superior Court of Appeals issued an opinion upholding the trial court's certification of the class, the jury's back pay award, and the awards of statutory penalties and prejudgment interest, but reversing the award of attorneys' fees. On September 9, 2011, the Company filed a Petition for Allowance of Appeal with the Pennsylvania Supreme Court. On July 2, 2012, the Pennsylvania Supreme Court granted the Company's Petition. On December 15, 2014, the Pennsylvania Supreme Court issued its opinion affirming the Superior Court of Appeals' decision. At that time, the Company recorded expenses of $249 million for the judgment amount and post-judgment interest incurred to date. The Company will continue to accrue for the post-judgment interest until final resolution. However, the Company continues to believe it has substantial factual and legal defenses to the claims at issue and, on March 13, 2015, the Company filed a petition for writ of certiorari with the U.S. Supreme Court. | |||||||||||||
ASDA Equal Value Claims: ASDA Stores, Ltd. ("ASDA"), a wholly-owned subsidiary of the Company, is a defendant in over 4,000 "equal value" claims that are proceeding before an Employment Tribunal in Manchester (the "Employment Tribunal") in the United Kingdom ("UK") on behalf of current and former ASDA store employees, who allege that the work performed by female employees in ASDA's retail stores is of equal value in terms of, among other things, the demands of their jobs to that of male employees working in ASDA's warehouse and distribution facilities, and that the disparity in pay between these different job positions is not objectively justified. Claimants are requesting differential back pay based on higher wage rates in the warehouse and distribution facilities and those higher wage rates on a prospective basis as part of these equal value proceedings. ASDA believes that further claims may be asserted in the near future. On March 23, 2015, ASDA asked the Employment Tribunal to stay all proceedings, contending that the High Court, which is the superior first instance civil court in the UK that is headquartered in the Royal Courts of Justice in the City of London, is the more convenient and appropriate forum to hear these claims. On March 23, 2015, ASDA also asked the Employment Tribunal to "strike out" substantially all of the claims for failing to comply with Employment Tribunal rules. At present, the Company cannot predict the number of such claims that may be filed, and cannot reasonably estimate any loss or range of loss that may arise from these proceedings. The Company believes it has substantial factual and legal defenses to these claims, and intends to defend the claims vigorously. | |||||||||||||
FCPA Investigation and Related Matters | |||||||||||||
The Audit Committee (the "Audit Committee") of the Board of Directors of the Company, which is composed solely of independent directors, is conducting an internal investigation into, among other things, alleged violations of the U.S. Foreign Corrupt Practices Act ("FCPA") and other alleged crimes or misconduct in connection with foreign subsidiaries, including Wal-Mart de México, S.A.B. de C.V. ("Walmex"), and whether prior allegations of such violations and/or misconduct were appropriately handled by the Company. The Audit Committee and the Company have engaged outside counsel from a number of law firms and other advisors who are assisting in the on-going investigation of these matters. | |||||||||||||
The Company is also conducting a voluntary global review of its policies, practices and internal controls for FCPA compliance. The Company is engaged in strengthening its global anti-corruption compliance program through appropriate remedial anti-corruption measures. In November 2011, the Company voluntarily disclosed that investigative activity to the U.S. Department of Justice (the "DOJ") and the Securities and Exchange Commission (the "SEC"). Since the implementation of the global review and the enhanced anti-corruption compliance program, the Audit Committee and the Company have identified or been made aware of additional allegations regarding potential violations of the FCPA. When such allegations are reported or identified, the Audit Committee and the Company, together with their third party advisors, conduct inquiries and when warranted based on those inquiries, open investigations. Inquiries or investigations regarding allegations of potential FCPA violations have been commenced in a number of foreign markets where the Company operates, including, but not limited to, Brazil, China and India. | |||||||||||||
The Company has been informed by the DOJ and the SEC that it is also the subject of their respective investigations into possible violations of the FCPA. The Company is cooperating with the investigations by the DOJ and the SEC. A number of federal and local government agencies in Mexico have also initiated investigations of these matters. Walmex is cooperating with the Mexican governmental agencies conducting these investigations. Furthermore, lawsuits relating to the matters under investigation have been filed by several of the Company's shareholders against it, certain of its current directors, certain of its former directors, certain of its current and former officers and certain of Walmex's current and former officers. | |||||||||||||
The Company could be exposed to a variety of negative consequences as a result of the matters noted above. There could be one or more enforcement actions in respect of the matters that are the subject of some or all of the on-going government investigations, and such actions, if brought, may result in judgments, settlements, fines, penalties, injunctions, cease and desist orders, debarment or other relief, criminal convictions and/or penalties. The shareholder lawsuits may result in judgments against the Company and its current and former directors and officers named in those proceedings. The Company cannot predict at this time the outcome or impact of the government investigations, the shareholder lawsuits, or its own internal investigations and review. In addition, the Company has incurred and expects to continue to incur costs in responding to requests for information or subpoenas seeking documents, testimony and other information in connection with the government investigations, in defending the shareholder lawsuits, and in conducting the review and investigations. These costs will be expensed as incurred. For the fiscal years ended January 31, 2015, 2014 and 2013, the Company incurred the following third-party expenses in connection with the FCPA investigation and related matters: | |||||||||||||
Fiscal Years Ended January 31, | |||||||||||||
(Amounts in millions) | 2015 | 2014 | 2013 | ||||||||||
Ongoing inquiries and investigations | $ | 121 | $ | 173 | $ | 100 | |||||||
Global compliance program and organizational enhancements | 52 | 109 | 57 | ||||||||||
Total | $ | 173 | $ | 282 | $ | 157 | |||||||
These matters may require the involvement of certain members of the Company's senior management that could impinge on the time they have available to devote to other matters relating to the business. The Company expects that there will be on-going media and governmental interest, including additional news articles from media publications on these matters, which could impact the perception among certain audiences of the Company's role as a corporate citizen. | |||||||||||||
The Company's process of assessing and responding to the governmental investigations and the shareholder lawsuits continues. While the Company believes that it is probable that it will incur a loss from these matters, given the on-going nature and complexity of the review, inquiries and investigations, the Company cannot reasonably estimate any loss or range of loss that may arise from these matters. Although the Company does not presently believe that these matters will have a material adverse effect on its business, given the inherent uncertainties in such situations, the Company can provide no assurance that these matters will not be material to its business in the future. |
Commitments
Commitments | 12 Months Ended | ||||||||
Jan. 31, 2015 | |||||||||
Commitments Disclosure [Abstract] | |||||||||
Commitments disclosure | Commitments | ||||||||
The Company has long-term leases for stores and equipment. Rentals (including amounts applicable to taxes, insurance, maintenance, other operating expenses and contingent rentals) under operating leases and other short-term rental arrangements were $2.8 billion in both fiscal 2015 and 2014 and $2.6 billion in fiscal 2013. | |||||||||
Aggregate minimum annual rentals at January 31, 2015, under non-cancelable leases are as follows: | |||||||||
(Amounts in millions) | |||||||||
Fiscal Year | Operating Leases | Capital Leases | |||||||
2016 | $ | 1,759 | $ | 504 | |||||
2017 | 1,615 | 476 | |||||||
2018 | 1,482 | 444 | |||||||
2019 | 1,354 | 408 | |||||||
2020 | 1,236 | 370 | |||||||
Thereafter | 10,464 | 3,252 | |||||||
Total minimum rentals | $ | 17,910 | $ | 5,454 | |||||
Less estimated executory costs | 49 | ||||||||
Net minimum lease payments | 5,405 | ||||||||
Less imputed interest | 2,512 | ||||||||
Present value of minimum lease payments | $ | 2,893 | |||||||
Certain of the Company's leases provide for the payment of contingent rentals based on a percentage of sales. Such contingent rentals were not material for fiscal 2015, 2014 and 2013. Substantially all of the Company's store leases have renewal options, some of which may trigger an escalation in rentals. | |||||||||
The Company has future lease commitments for land and buildings for approximately 282 future locations. These lease commitments have lease terms ranging from 1 to 30 years and provide for certain minimum rentals. If executed, payments under operating leases would increase by $58 million for fiscal 2016, based on current cost estimates. | |||||||||
In connection with certain long-term debt issuances, the Company could be liable for early termination payments if certain unlikely events were to occur. At January 31, 2015, the aggregate termination payment would have been $64 million. The arrangement pursuant to which this payment could be made will expire in fiscal 2019. |
RetirementRelated_Benefits
Retirement-Related Benefits | 12 Months Ended | |||||||||||
Jan. 31, 2015 | ||||||||||||
Retirement Related Benefits [Abstract] | ||||||||||||
Pension and Other Postretirement Benefits Disclosure [Text Block] | Retirement-Related Benefits | |||||||||||
The Company offers a 401(k) plan for associates in the U.S. under which eligible associates can begin contributing to the plan immediately upon hire. The Company also offers a 401(k) type plan for associates in Puerto Rico under which associates can begin to contribute generally after one year of employment. Under these plans, after one year of employment, the Company matches 100% of participant contributions up to 6% of annual eligible earnings. The matching contributions immediately vest at 100% for each associate. Participants can contribute up to 50% of their pretax earnings, but not more than the statutory limits. Participants age 50 or older may defer additional earnings in catch-up contributions up to the maximum statutory limits. | ||||||||||||
Associates in international countries who are not U.S. citizens are covered by various defined contribution post-employment benefit arrangements. These plans are administered based upon the legislative and tax requirements in the countries in which they are established. | ||||||||||||
Additionally, the Company's subsidiaries in the United Kingdom and Japan have sponsored defined benefit pension plans. The plan in the United Kingdom was underfunded by $85 million and $69 million at January 31, 2015 and 2014, respectively. The plan in Japan was underfunded by $223 million and $281 million at January 31, 2015 and 2014, respectively. These underfunded amounts are recorded as liabilities in the Company's Consolidated Balance Sheets in deferred income taxes and other. Certain other international operations also have defined benefit arrangements that are not significant. | ||||||||||||
The following table summarizes the contribution expense related to the Company's retirement-related benefits for fiscal 2015, 2014 and 2013: | ||||||||||||
Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2015 | 2014 | 2013 | |||||||||
Defined contribution plans: | ||||||||||||
U.S. | $ | 898 | $ | 877 | $ | 818 | ||||||
International | 167 | 165 | 166 | |||||||||
Defined benefit plans: | ||||||||||||
International | 5 | 20 | 26 | |||||||||
Total contribution expense for retirement-related benefits | $ | 1,070 | $ | 1,062 | $ | 1,010 | ||||||
Acquisitions_Disposals_and_Rel
Acquisitions, Disposals, and Related Items | 12 Months Ended |
Jan. 31, 2015 | |
Acquisitions, Disposals and Related Items [Abstract] | |
Acquisitions, Disposals, and Related Items | Acquisitions, Disposals and Related Items |
In fiscal 2015, the Company completed the following transactions that impact the operations of Walmart International: | |
Walmart Chile | |
In fiscal 2014, the redeemable noncontrolling interest shareholders exercised put options that required the Company to purchase their shares in Walmart Chile. At that time, the Company recorded an increase to redeemable noncontrolling interest of $1.0 billion, with a corresponding decrease to capital in excess of par value, to reflect the redemption value of the redeemable noncontrolling interest at $1.5 billion. In February 2014, the Company completed this transaction using existing cash of the Company, increasing its ownership interest in Walmart Chile to 99.7 percent. In March 2014, the Company completed a tender offer for most of the remaining noncontrolling interest shares at the same value per share as was paid to the redeemable noncontrolling interest shareholders. As a result of completing these transactions, the Company owns substantially all of Walmart Chile. | |
Vips Restaurant Business in Mexico | |
In September 2013, Walmex, a majority-owned subsidiary of the Company, entered into a definitive agreement with Alsea S.A.B. de C.V. to sell the Vips restaurant business ("Vips") in Mexico. The sale of Vips was completed on May 12, 2014. Upon completion of the sale, the Company received $671 million of cash and recognized a net gain of $262 million, which is recorded in discontinued operations in the Company's Consolidated Statements of Income for the fiscal year ended January 31, 2015. |
Segments
Segments | 12 Months Ended | ||||||||||||||||||||
Jan. 31, 2015 | |||||||||||||||||||||
Segment Reporting Information, Profit (Loss) [Abstract] | |||||||||||||||||||||
Segments | Segments | ||||||||||||||||||||
The Company is engaged in the operation of retail, wholesale and other units located in the U.S., Africa, Argentina, Brazil, Canada, Central America, Chile, China, India, Japan, Mexico and the United Kingdom. The Company's operations are conducted in three business segments: Walmart U.S., Walmart International and Sam's Club. The Company defines its segments as those operations whose results its chief operating decision maker ("CODM") regularly reviews to analyze performance and allocate resources. The Company sells similar individual products and services in each of its segments. It is impractical to segregate and identify revenues for each of these individual products and services. | |||||||||||||||||||||
The Walmart U.S. segment includes the Company's mass merchant concept in the U.S. operating under the "Walmart" or "Wal-Mart" brands, as well as walmart.com. The Walmart International segment consists of the Company's operations outside of the U.S., including various retail websites. The Sam's Club segment includes the warehouse membership clubs in the U.S., as well as samsclub.com. Corporate and support consists of corporate overhead and other items not allocated to any of the Company's segments. | |||||||||||||||||||||
The Company measures the results of its segments using, among other measures, each segment's net sales and operating income, which includes certain corporate overhead allocations. From time to time, the Company revises the measurement of each segment's operating income, including any corporate overhead allocations, as determined by the information regularly reviewed by its CODM. When the measurement of a segment changes, previous period amounts and balances are reclassified to be comparable to the current period's presentation. | |||||||||||||||||||||
Information for the Company's segments, as well as for Corporate and support, including the reconciliation to income from continuing operations before income taxes, is provided in the following table: | |||||||||||||||||||||
(Amounts in millions) | Walmart U.S. | Walmart International | Sam's Club | Corporate and support | Consolidated | ||||||||||||||||
Fiscal Year Ended January 31, 2015 | |||||||||||||||||||||
Net sales | $ | 288,049 | $ | 136,160 | $ | 58,020 | $ | — | $ | 482,229 | |||||||||||
Operating income (loss) | 21,336 | 6,171 | 1,976 | (2,336 | ) | 27,147 | |||||||||||||||
Interest expense, net | (2,348 | ) | |||||||||||||||||||
Income from continuing operations before income taxes | $ | 24,799 | |||||||||||||||||||
Total assets | 101,381 | 80,505 | 13,995 | 7,825 | $ | 203,706 | |||||||||||||||
Depreciation and amortization | 2,665 | 2,665 | 473 | 3,370 | 9,173 | ||||||||||||||||
Capital expenditures | 6,286 | 3,936 | 753 | 1,199 | 12,174 | ||||||||||||||||
Fiscal Year Ended January 31, 2014 | |||||||||||||||||||||
Net sales | $ | 279,406 | $ | 136,513 | $ | 57,157 | $ | — | $ | 473,076 | |||||||||||
Operating income (loss) | 21,787 | 5,153 | 1,843 | (1,911 | ) | 26,872 | |||||||||||||||
Interest expense, net | (2,216 | ) | |||||||||||||||||||
Income from continuing operations before income taxes | $ | 24,656 | |||||||||||||||||||
Total assets | $ | 98,745 | $ | 85,370 | $ | 14,053 | $ | 6,583 | $ | 204,751 | |||||||||||
Depreciation and amortization | 2,640 | 2,658 | 437 | 3,135 | 8,870 | ||||||||||||||||
Capital expenditures | 6,378 | 4,463 | 1,071 | 1,203 | 13,115 | ||||||||||||||||
Fiscal Year Ended January 31, 2013 | |||||||||||||||||||||
Net sales | $ | 274,433 | $ | 134,748 | $ | 56,423 | $ | — | $ | 465,604 | |||||||||||
Operating income (loss) | 21,103 | 6,365 | 1,859 | (1,602 | ) | 27,725 | |||||||||||||||
Interest expense, net | (2,063 | ) | |||||||||||||||||||
Income from continuing operations before income taxes | $ | 25,662 | |||||||||||||||||||
Total assets | $ | 96,234 | $ | 85,695 | $ | 13,479 | $ | 7,697 | $ | 203,105 | |||||||||||
Depreciation and amortization | 2,644 | 2,605 | 410 | 2,819 | 8,478 | ||||||||||||||||
Capital expenditures | 5,994 | 4,640 | 868 | 1,396 | 12,898 | ||||||||||||||||
Total revenues, consisting of net sales and membership and other income, and long-lived assets, consisting primarily of property and equipment, net, aggregated by the Company's U.S. and non-U.S. operations for fiscal 2015, 2014 and 2013, are as follows: | |||||||||||||||||||||
Fiscal Years Ended January 31, | |||||||||||||||||||||
(Amounts in millions) | 2015 | 2014 | 2013 | ||||||||||||||||||
Total revenues | |||||||||||||||||||||
U.S. operations | $ | 348,227 | $ | 338,681 | $ | 332,788 | |||||||||||||||
Non-U.S. operations | 137,424 | 137,613 | 135,863 | ||||||||||||||||||
Total revenues | $ | 485,651 | $ | 476,294 | $ | 468,651 | |||||||||||||||
Long-lived assets | |||||||||||||||||||||
U.S. operations | $ | 80,879 | $ | 79,644 | $ | 77,692 | |||||||||||||||
Non-U.S. operations | 35,776 | 38,263 | 38,989 | ||||||||||||||||||
Total long-lived assets | $ | 116,655 | $ | 117,907 | $ | 116,681 | |||||||||||||||
No individual country outside of the U.S. had total revenues or long-lived assets that were material to the consolidated totals. Additionally, the Company did not generate material total revenues from any single customer. |
Subsequent_Event
Subsequent Event | 12 Months Ended | ||
Jan. 31, 2015 | |||
Subsequent Events [Abstract] | |||
Subsequent events | Subsequent Event | ||
Dividends Declared | |||
On February 19, 2015, the Board of Directors approved the fiscal 2016 annual dividend at $1.96 per share, an increase from the fiscal 2015 dividend of $1.92 per share. For fiscal 2016, the annual dividend will be paid in four quarterly installments of $0.49 per share, according to the following record and payable dates: | |||
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 |
Quarterly_Financial_Data_unaud
Quarterly Financial Data (unaudited) | 12 Months Ended | ||||||||||||||||||||
Jan. 31, 2015 | |||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||||||
Quarterly financial information | |||||||||||||||||||||
Fiscal Year Ended January 31, 2015 | |||||||||||||||||||||
(Amounts in millions, except per share data) | Q1 | Q2 | Q3 | Q4 | Total | ||||||||||||||||
Total revenues | $ | 114,960 | $ | 120,125 | $ | 119,001 | $ | 131,565 | $ | 485,651 | |||||||||||
Net sales | 114,167 | 119,336 | 118,076 | 130,650 | 482,229 | ||||||||||||||||
Cost of sales | 86,714 | 90,010 | 89,247 | 99,115 | 365,086 | ||||||||||||||||
Income from continuing operations | 3,711 | 4,089 | 3,826 | 5,188 | 16,814 | ||||||||||||||||
Consolidated net income | 3,726 | 4,359 | 3,826 | 5,188 | 17,099 | ||||||||||||||||
Consolidated net income attributable to Walmart | 3,593 | 4,093 | 3,711 | 4,966 | 16,363 | ||||||||||||||||
Basic net income per common share(1): | |||||||||||||||||||||
Basic income per common share from continuing operations attributable to Walmart | 1.1 | 1.22 | 1.15 | 1.54 | 5.01 | ||||||||||||||||
Basic income (loss) per common share from discontinued operations attributable to Walmart | 0.01 | 0.05 | — | — | 0.06 | ||||||||||||||||
Basic net income per common share attributable to Walmart | 1.11 | 1.27 | 1.15 | 1.54 | 5.07 | ||||||||||||||||
Diluted net income per common share(1): | |||||||||||||||||||||
Diluted income per common share from continuing operations attributable to Walmart | 1.1 | 1.21 | 1.15 | 1.53 | 4.99 | ||||||||||||||||
Diluted income (loss) per common share from discontinued operations attributable to Walmart | 0.01 | 0.05 | — | — | 0.06 | ||||||||||||||||
Diluted net income per common share attributable to Walmart | 1.11 | 1.26 | 1.15 | 1.53 | 5.05 | ||||||||||||||||
Fiscal Year Ended January 31, 2014 | |||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | Total | |||||||||||||||||
Total revenues | $ | 114,071 | $ | 116,829 | $ | 115,688 | $ | 129,706 | $ | 476,294 | |||||||||||
Net sales | 113,313 | 116,101 | 114,876 | 128,786 | 473,076 | ||||||||||||||||
Cost of sales | 85,991 | 87,420 | 86,687 | 97,971 | 358,069 | ||||||||||||||||
Income from continuing operations | 3,932 | 4,205 | 3,870 | 4,544 | 16,551 | ||||||||||||||||
Consolidated net income | 3,944 | 4,216 | 3,885 | 4,650 | 16,695 | ||||||||||||||||
Consolidated net income attributable to Walmart | 3,784 | 4,069 | 3,738 | 4,431 | 16,022 | ||||||||||||||||
Basic net income per common share(1): | |||||||||||||||||||||
Basic income per common share from continuing operations attributable to Walmart | 1.14 | 1.24 | 1.14 | 1.35 | 4.87 | ||||||||||||||||
Basic income (loss) per common share from discontinued operations attributable to Walmart | 0.01 | — | 0.01 | 0.02 | 0.03 | ||||||||||||||||
Basic net income per common share attributable to Walmart | 1.15 | 1.24 | 1.15 | 1.37 | 4.9 | ||||||||||||||||
Diluted net income per common share(1): | |||||||||||||||||||||
Diluted income per common share from continuing operations attributable to Walmart | 1.14 | 1.23 | 1.14 | 1.34 | 4.85 | ||||||||||||||||
Diluted income (loss) per common share from discontinued operations attributable to Walmart | — | 0.01 | — | 0.02 | 0.03 | ||||||||||||||||
Diluted net income per common share attributable to Walmart | 1.14 | 1.24 | 1.14 | 1.36 | 4.88 | ||||||||||||||||
-1 | The sum of quarterly income per common share attributable to Walmart data may not agree to annual amounts due to rounding. |
Accounting_Policies_Summary_of
Accounting Policies Summary of Significant Accounting Policies (Policies) | 12 Months Ended | ||||||||||||||||
Jan. 31, 2015 | |||||||||||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||||||||||||
Nature of operations | General | ||||||||||||||||
Wal-Mart Stores, Inc. ("Walmart" or the "Company") helps people around the world save money and live better – anytime and anywhere – in retail stores or through the Company's e-commerce and mobile capabilities. Through innovation, the Company is striving to create a customer-centric experience that seamlessly integrates digital and physical shopping. Each week, the Company serves nearly 260 million customers who visit its over 11,000 stores under 72 banners in 27 countries and e-commerce websites in 11 countries. The Company's strategy is to lead on price, invest to differentiate on access, be competitive on assortment and deliver a great experience. | |||||||||||||||||
The Company's operations comprise three reportable segments: Walmart U.S., Walmart International and Sam's Club. | |||||||||||||||||
Consolidation, policy | Principles of Consolidation | ||||||||||||||||
The Consolidated Financial Statements include the accounts of Walmart and its subsidiaries as of and for the fiscal years ended January 31, 2015 ("fiscal 2015"), January 31, 2014 ("fiscal 2014") and January 31, 2013 ("fiscal 2013"). All material intercompany accounts and transactions have been eliminated in consolidation. Investments in unconsolidated affiliates, which are 50% or less owned and do not otherwise meet consolidation requirements, are accounted for primarily using the equity method. These investments are immaterial to the Company's Consolidated Financial Statements. | |||||||||||||||||
The Company's Consolidated Financial Statements are based on a fiscal year ending on January 31, for the United States ("U.S.") and Canadian operations. The Company consolidates all other operations generally using a one-month lag and based on a calendar year. There were no significant intervening events during January 2015 that materially affected the Consolidated Financial Statements. | |||||||||||||||||
Use of estimates, policy | Use of Estimates | ||||||||||||||||
The Consolidated Financial Statements have been prepared in conformity with U.S. generally accepted accounting principles. Those principles require management to make estimates and assumptions that affect the reported amounts of assets and liabilities. Management's estimates and assumptions also affect the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. | |||||||||||||||||
Cash and cash equivalents, policy | Cash and Cash Equivalents | ||||||||||||||||
The Company considers investments with a maturity when purchased of three months or less to be cash equivalents. All credit card, debit card and electronic benefits transfer transactions that process in less than seven days are classified as cash and cash equivalents. The amounts due from banks for these transactions classified as cash and cash equivalents totaled $2.9 billion and $1.6 billion at January 31, 2015 and 2014, respectively. In addition, cash and cash equivalents included restricted cash of $345 million and $654 million at January 31, 2015 and 2014, respectively, which was primarily related to cash collateral holdings from various counterparties, as required by certain derivative and trust agreements. | |||||||||||||||||
The Company's cash balances are held in various locations around the world. Of the Company's $9.1 billion and $7.3 billion of cash and cash equivalents at January 31, 2015 and 2014, respectively, $6.3 billion and $5.8 billion, respectively, were held outside of the U.S. and were generally utilized to support liquidity needs in the Company's non-U.S. operations. | |||||||||||||||||
The Company uses intercompany financing arrangements in an effort to ensure cash can be made available in the country in which it is needed with the minimum cost possible. Management does not believe it will be necessary to repatriate cash and cash equivalents held outside of the U.S. and anticipates the Company's domestic liquidity needs will be met through cash flows provided by operating activities, supplemented with long-term debt and short-term borrowings. Accordingly, the Company intends, with only certain exceptions, to continue to indefinitely reinvest the Company's cash and cash equivalents held outside of the U.S. in our foreign operations. When the income earned, either from operations or through intercompany financing arrangements, and indefinitely reinvested outside of the U.S. is taxed at local country tax rates, which are generally lower than the U.S. statutory rate, the Company realizes an effective tax rate benefit. If the Company's intentions with respect to reinvestment were to change, most of the amounts held within the Company's foreign operations could be repatriated to the U.S., although any repatriation under current U.S. tax laws would be subject to U.S. federal income taxes, less applicable foreign tax credits. As of January 31, 2015 and 2014, cash and cash equivalents of approximately $1.7 billion and $1.9 billion, respectively, may not be freely transferable to the U.S. due to local laws or other restrictions. The Company does not expect local laws, other limitations or potential taxes on anticipated future repatriations of cash amounts held outside of the U.S. to have a material effect on the Company's overall liquidity, financial condition or results of operations. | |||||||||||||||||
Receivables, policy | Receivables | ||||||||||||||||
Receivables are stated at their carrying values, net of a reserve for doubtful accounts. Receivables consist primarily of amounts due from: | |||||||||||||||||
• | 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. | ||||||||||||||||
The Walmart International segment offers a limited number of consumer credit products, primarily through its financial institutions in select markets. The receivable balance from consumer credit products was $1.2 billion, net of a reserve for doubtful accounts of $114 million at January 31, 2015, compared to a receivable balance of $1.3 billion, net of a reserve for doubtful accounts of $119 million at January 31, 2014. These balances are included in receivables, net, in the Company's Consolidated Balance Sheets. | |||||||||||||||||
Inventory, policy | Inventories | ||||||||||||||||
The Company values inventories at the lower of cost or market as determined primarily by the retail inventory method of accounting, using the last-in, first-out ("LIFO") method for substantially all of the Walmart U.S. segment's inventories. The inventory at the Walmart International segment is valued primarily by the retail inventory method of accounting, using the first-in, first-out ("FIFO") method. The retail inventory method of accounting results in inventory being valued at the lower of cost or market since permanent markdowns are immediately recorded as a reduction of the retail value of inventory. The inventory at the Sam's Club segment is valued based on the weighted-average cost using the LIFO method. At January 31, 2015 and January 31, 2014, the Company's inventories valued at LIFO approximated those inventories as if they were valued at FIFO. | |||||||||||||||||
Property, plant and equipment, policy | Property and Equipment | ||||||||||||||||
Property and equipment are stated at cost. Gains or losses on disposition are recognized as earned or incurred. Costs of major improvements are capitalized, while costs of normal repairs and maintenance are charged to expense as incurred. The following table summarizes the Company's property and equipment balances and includes the estimated useful lives that are generally used to depreciate the assets on a straight-line basis: | |||||||||||||||||
Fiscal Years Ended January 31, | |||||||||||||||||
(Amounts in millions) | Estimated Useful Lives | 2015 | 2014 | ||||||||||||||
Land | N/A | $ | 26,261 | $ | 26,184 | ||||||||||||
Buildings and improvements | 3-40 years | 97,496 | 95,488 | ||||||||||||||
Fixtures and equipment | 2-30 years | 45,044 | 42,971 | ||||||||||||||
Transportation equipment | 3-15 years | 2,807 | 2,785 | ||||||||||||||
Construction in progress | N/A | 5,787 | 5,661 | ||||||||||||||
Property and equipment | $ | 177,395 | $ | 173,089 | |||||||||||||
Accumulated depreciation | (63,115 | ) | (57,725 | ) | |||||||||||||
Property and equipment, net | $ | 114,280 | $ | 115,364 | |||||||||||||
Leasehold improvements are depreciated over the shorter of the estimated useful life of the asset or the remaining expected lease term. Depreciation expense for property and equipment, including amortization of property under capital leases, for fiscal 2015, 2014 and 2013 was $9.1 billion, $8.8 billion and $8.4 billion, respectively. Interest costs capitalized on construction projects were $59 million, $78 million and $74 million in fiscal 2015, 2014 and 2013, respectively. | |||||||||||||||||
Impairment or disposal of long-lived assets, policy | Long-Lived Assets | ||||||||||||||||
Long-lived assets are stated at cost. Management reviews long-lived assets for indicators of impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The evaluation is performed at the lowest level of identifiable cash flows, which is at the individual store or club level or, in certain circumstances, a market group of stores. Undiscounted cash flows expected to be generated by the related assets are estimated over the assets' useful lives based on updated projections. If the evaluation indicates that the carrying amount of the assets may not be recoverable, any potential impairment is measured based upon the fair value of the related asset or asset group as determined by an appropriate market appraisal or other valuation technique. Impairment charges of long-lived assets for fiscal 2015, 2014 and 2013 were not significant. | |||||||||||||||||
Goodwill and intangible assets, policy | Goodwill and Other Acquired Intangible Assets | ||||||||||||||||
Goodwill represents the excess of the purchase price over the fair value of net assets acquired in business combinations and is allocated to the appropriate reporting unit when acquired. Other acquired intangible assets are stated at the fair value acquired as determined by a valuation technique commensurate with the intended use of the related asset. Goodwill and indefinite-lived intangible assets are not amortized; rather, they are evaluated for impairment annually and whenever events or changes in circumstances indicate that the value of the asset may be impaired. Definite-lived intangible assets are considered long-lived assets and are amortized on a straight-line basis over the periods that expected economic benefits will be provided. | |||||||||||||||||
Goodwill is evaluated for impairment using either a qualitative or quantitative approach for each of the Company's reporting units. Generally, a qualitative assessment is first performed to determine whether a quantitative goodwill impairment test is necessary. If management determines, after performing an assessment based on the qualitative factors, that the fair value of the reporting unit is more likely than not less than the carrying amount, or that a fair value of the reporting unit substantially in excess of the carrying amount cannot be assured, then a quantitative goodwill impairment test would be required. The quantitative test for goodwill impairment is performed by determining the fair value of the related reporting units. Fair value is measured based on the discounted cash flow method and relative market-based approaches. | |||||||||||||||||
The Company's reporting units were evaluated using a quantitative impairment test. Management determined the fair value of each reporting unit is greater than the carrying amount and, accordingly, the Company has not recorded any impairment charges related to goodwill. | |||||||||||||||||
The following table reflects goodwill activity, by reportable segment, for fiscal 2015 and 2014: | |||||||||||||||||
(Amounts in millions) | Walmart U.S. | Walmart | Sam's Club | Total | |||||||||||||
International | |||||||||||||||||
Balances as of February 1, 2013 | $ | 443 | $ | 19,741 | $ | 313 | $ | 20,497 | |||||||||
Changes in currency translation and other | — | (1,000 | ) | — | (1,000 | ) | |||||||||||
Acquisitions(1) | 8 | 5 | — | 13 | |||||||||||||
Balances as of January 31, 2014 | 451 | 18,746 | 313 | 19,510 | |||||||||||||
Changes in currency translation and other | — | (1,418 | ) | — | (1,418 | ) | |||||||||||
Acquisitions(1) | 10 | — | — | 10 | |||||||||||||
Balances as of January 31, 2015 | $ | 461 | $ | 17,328 | $ | 313 | $ | 18,102 | |||||||||
-1 | Goodwill recorded for fiscal 2015 and 2014 acquisitions relates to acquisitions that are not significant, individually or in the aggregate, to the Company's Consolidated Financial Statements. | ||||||||||||||||
Indefinite-lived intangible assets are included in other assets and deferred charges in the Company's Consolidated Balance Sheets. These assets are evaluated for impairment based on their fair values using valuation techniques which are updated annually based on the most recent variables and assumptions. There were no impairment charges related to indefinite-lived intangible assets recorded for fiscal 2015, 2014 and 2013. | |||||||||||||||||
Insurance disclosure | Self Insurance Reserves | ||||||||||||||||
The Company uses a combination of insurance and self insurance for a number of risks, including, but not limited to, workers' compensation, general liability, auto liability, product liability and the Company's obligation for employee-related health care benefits. Liabilities relating to the claims associated with these risks are estimated by considering historical claims experience, frequency, severity, demographic factors and other actuarial assumptions, including incurred but not reported claims. In estimating its liability for such claims, the Company periodically analyzes its historical trends, including loss development, and applies appropriate loss development factors to the incurred costs associated with the claims. To limit exposure to certain risks, the Company maintains stop-loss insurance coverage for workers' compensation of $5 million per occurrence, and in most instances, $15 million per occurrence for general liability. | |||||||||||||||||
Income tax, policy | Income Taxes | ||||||||||||||||
Income taxes are accounted for under the balance sheet method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases ("temporary differences"). Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rate is recognized in income in the period that includes the enactment date. | |||||||||||||||||
Deferred tax assets are evaluated for future realization and reduced by a valuation allowance to the extent that a portion is not more likely than not to be realized. Many factors are considered when assessing whether it is more likely than not that the deferred tax assets will be realized, including recent cumulative earnings, expectations of future taxable income, carryforward periods, and other relevant quantitative and qualitative factors. The recoverability of the deferred tax assets is evaluated by assessing the adequacy of future expected taxable income from all sources, including reversal of taxable temporary differences, forecasted operating earnings and available tax planning strategies. These sources of income rely heavily on estimates. | |||||||||||||||||
In determining the provision for income taxes, an annual effective income tax rate is used based on annual income, permanent differences between book and tax income, and statutory income tax rates. Discrete events such as audit settlements or changes in tax laws are recognized in the period in which they occur. | |||||||||||||||||
The Company records a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. The Company records interest and penalties related to unrecognized tax benefits in interest expense and operating, selling, general and administrative expenses, respectively, in the Company's Consolidated Statements of Income. Refer to Note 9 for additional income tax disclosures. | |||||||||||||||||
Revenue recognition, policy | Revenue Recognition | ||||||||||||||||
Sales | |||||||||||||||||
The Company recognizes sales revenue, net of sales taxes and estimated sales returns, at the time it sells merchandise to the customer. | |||||||||||||||||
Membership Fee Revenue | |||||||||||||||||
The Company recognizes membership fee revenue both in the U.S. and internationally over the term of the membership, which is typically 12 months. The following table summarizes membership fee activity for fiscal 2015, 2014 and 2013: | |||||||||||||||||
Fiscal Years Ended January 31, | |||||||||||||||||
(Amounts in millions) | 2015 | 2014 | 2013 | ||||||||||||||
Deferred membership fee revenue, beginning of year | $ | 641 | $ | 575 | $ | 559 | |||||||||||
Cash received from members | 1,410 | 1,249 | 1,133 | ||||||||||||||
Membership fee revenue recognized | (1,292 | ) | (1,183 | ) | (1,117 | ) | |||||||||||
Deferred membership fee revenue, end of year | $ | 759 | $ | 641 | $ | 575 | |||||||||||
Membership fee revenue is included in membership and other income in the Company's Consolidated Statements of Income. The deferred membership fee is included in accrued liabilities in the Company's Consolidated Balance Sheets. | |||||||||||||||||
Shopping Cards | |||||||||||||||||
Customer purchases of shopping cards are not recognized as revenue until the card is redeemed and the customer purchases merchandise using the shopping card. Shopping cards in the U.S. do not carry an expiration date; therefore, customers and members can redeem their shopping cards for merchandise indefinitely. Shopping cards in certain foreign countries where the Company does business may have expiration dates. A certain number of shopping cards, both with and without expiration dates, will not be fully redeemed. Management estimates unredeemed shopping cards and recognizes revenue for these amounts over shopping card historical usage periods based on historical redemption rates. Management periodically reviews and updates its estimates of usage periods and redemption rates. | |||||||||||||||||
Financial and Other Services | |||||||||||||||||
The Company recognizes revenue from service transactions at the time the service is performed. Generally, revenue from services is classified as a component of net sales in the Company's Consolidated Statements of Income. | |||||||||||||||||
Cost of sales, policy | Cost of Sales | ||||||||||||||||
Cost of sales includes actual product cost, the cost of transportation to the Company's distribution facilities, stores and clubs from suppliers, the cost of transportation from the Company's distribution facilities to the stores, clubs and customers and the cost of warehousing for the Sam's Club segment and import distribution centers. Cost of sales is reduced by supplier payments that are not a reimbursement of specific, incremental and identifiable costs. | |||||||||||||||||
Payments from suppliers policy | Payments from Suppliers | ||||||||||||||||
The Company receives consideration from suppliers for various programs, primarily volume incentives, warehouse allowances and reimbursements for specific programs such as markdowns, margin protection, advertising and supplier-specific fixtures. Payments from suppliers are accounted for as a reduction of cost of sales and are recognized in the Company's Consolidated Statements of Income when the related inventory is sold, except when the payment is a reimbursement of specific, incremental and identifiable costs. | |||||||||||||||||
Selling, general and administrative expenses, policy | Operating, Selling, General and Administrative Expenses | ||||||||||||||||
Operating, selling, general and administrative expenses include all operating costs of the Company, except cost of sales, as described above. As a result, the majority of the cost of warehousing and occupancy for the Walmart U.S. and Walmart International segments' distribution facilities is included in operating, selling, general and administrative expenses. Because the Company does not include most of the cost of its Walmart U.S. and Walmart International segments' distribution facilities in cost of sales, its gross profit and gross profit as a percentage of net sales may not be comparable to those of other retailers that may include all costs related to their distribution facilities in cost of sales and in the calculation of gross profit. | |||||||||||||||||
Advertising costs, policy | Advertising Costs | ||||||||||||||||
Advertising costs are expensed as incurred and were $2.4 billion for both fiscal 2015 and fiscal 2014 and $2.3 billion for fiscal 2013. Advertising costs consist primarily of print, television and digital advertisements and are recorded in operating, selling, general and administrative expenses in the Company's Consolidated Statements of Income. Reimbursements from suppliers that are for specific, incremental and identifiable advertising costs are recognized as a reduction of advertising costs in operating, selling, general and administrative expenses. | |||||||||||||||||
Lease, policy | Leases | ||||||||||||||||
The Company estimates the expected term of a lease by assuming the exercise of renewal options where an economic penalty exists that would preclude the abandonment of the lease at the end of the initial non-cancelable term and the exercise of such renewal is at the sole discretion of the Company. The expected term is used in the determination of whether a store or club lease is a capital or operating lease and in the calculation of straight-line rent expense. Additionally, the useful life of leasehold improvements is limited by the expected lease term or the economic life of the asset, whichever is shorter. If significant expenditures are made for leasehold improvements late in the expected term of a lease and renewal is reasonably assured, the useful life of the leasehold improvement is limited to the end of the renewal period or economic life of the asset, whichever is shorter. | |||||||||||||||||
Rent abatements and escalations are considered in the calculation of minimum lease payments in the Company's capital lease tests and in determining straight-line rent expense for operating leases. | |||||||||||||||||
Start-up activities, cost policy | Pre-Opening Costs | ||||||||||||||||
The cost of start-up activities, including organization costs, related to new store openings, store remodels, relocations, expansions and conversions are expensed as incurred and included in operating, selling, general and administrative expenses in the Company's Consolidated Statements of Income. Pre-opening costs totaled $317 million, $338 million and $316 million for fiscal 2015, 2014 and 2013, respectively. | |||||||||||||||||
Foreign currency transactions and translations policy | Currency Translation | ||||||||||||||||
The assets and liabilities of all international subsidiaries are translated from the respective local currency to the U.S. dollar using exchange rates at the balance sheet date. Related translation adjustments are recorded as a component of accumulated other comprehensive income (loss). The income statements of all international subsidiaries are translated from the respective local currencies to the U.S. dollar using average exchange rates for the period covered by the income statements. | |||||||||||||||||
Reclassification, policy | Reclassifications | ||||||||||||||||
Certain reclassifications have been made to previous fiscal year amounts and balances to conform to the presentation in the current fiscal year. These reclassifications did not impact consolidated operating income or net income. Additionally, certain segment asset and expense allocations have been reclassified among segments in the current period. See Note 14 for further discussion of the Company's segments. | |||||||||||||||||
New accounting pronouncements, policy | Recent Accounting Pronouncements | ||||||||||||||||
In April 2014, the Financial Accounting Standards Board issued Accounting Standards Update ("ASU") 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which provides guidance for the recognition of discontinued operations, changes the requirements for reporting discontinued operations and requires additional disclosures about discontinued operations. This ASU applies to prospective transactions beginning on or after December 15, 2014, with early adoption permitted. The Company adopted this ASU for the fiscal year ended January 31, 2015 and adoption did not materially impact the Company's consolidated net income, financial position or cash flows. | |||||||||||||||||
In May 2014, the Financial Accounting Standards Board issued ASU 2014-09, Revenue from Contracts with Customers. This ASU is a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. This ASU is effective for annual reporting periods beginning after December 15, 2016 and early adoption is not permitted. Accordingly, the Company will adopt this ASU on February 1, 2017. Companies may use either a full retrospective or a modified retrospective approach to adopt this ASU. Management is currently evaluating this standard, including which transition approach to use, and does not expect this ASU to materially impact the Company's consolidated net income, financial position or cash flows. |
Accounting_Policies_Summary_of1
Accounting Policies Summary of Significant Accounting Policies (Tables) | 12 Months Ended | ||||||||||||||||
Jan. 31, 2015 | |||||||||||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||||||||||||
Property, plant and equipment | The following table summarizes the Company's property and equipment balances and includes the estimated useful lives that are generally used to depreciate the assets on a straight-line basis: | ||||||||||||||||
Fiscal Years Ended January 31, | |||||||||||||||||
(Amounts in millions) | Estimated Useful Lives | 2015 | 2014 | ||||||||||||||
Land | N/A | $ | 26,261 | $ | 26,184 | ||||||||||||
Buildings and improvements | 3-40 years | 97,496 | 95,488 | ||||||||||||||
Fixtures and equipment | 2-30 years | 45,044 | 42,971 | ||||||||||||||
Transportation equipment | 3-15 years | 2,807 | 2,785 | ||||||||||||||
Construction in progress | N/A | 5,787 | 5,661 | ||||||||||||||
Property and equipment | $ | 177,395 | $ | 173,089 | |||||||||||||
Accumulated depreciation | (63,115 | ) | (57,725 | ) | |||||||||||||
Property and equipment, net | $ | 114,280 | $ | 115,364 | |||||||||||||
Schedule of goodwill | The following table reflects goodwill activity, by reportable segment, for fiscal 2015 and 2014: | ||||||||||||||||
(Amounts in millions) | Walmart U.S. | Walmart | Sam's Club | Total | |||||||||||||
International | |||||||||||||||||
Balances as of February 1, 2013 | $ | 443 | $ | 19,741 | $ | 313 | $ | 20,497 | |||||||||
Changes in currency translation and other | — | (1,000 | ) | — | (1,000 | ) | |||||||||||
Acquisitions(1) | 8 | 5 | — | 13 | |||||||||||||
Balances as of January 31, 2014 | 451 | 18,746 | 313 | 19,510 | |||||||||||||
Changes in currency translation and other | — | (1,418 | ) | — | (1,418 | ) | |||||||||||
Acquisitions(1) | 10 | — | — | 10 | |||||||||||||
Balances as of January 31, 2015 | $ | 461 | $ | 17,328 | $ | 313 | $ | 18,102 | |||||||||
-1 | Goodwill recorded for fiscal 2015 and 2014 acquisitions relates to acquisitions that are not significant, individually or in the aggregate, to the Company's Consolidated Financial Statements. | ||||||||||||||||
Deferred revenue, by arrangement, disclosure | The following table summarizes membership fee activity for fiscal 2015, 2014 and 2013: | ||||||||||||||||
Fiscal Years Ended January 31, | |||||||||||||||||
(Amounts in millions) | 2015 | 2014 | 2013 | ||||||||||||||
Deferred membership fee revenue, beginning of year | $ | 641 | $ | 575 | $ | 559 | |||||||||||
Cash received from members | 1,410 | 1,249 | 1,133 | ||||||||||||||
Membership fee revenue recognized | (1,292 | ) | (1,183 | ) | (1,117 | ) | |||||||||||
Deferred membership fee revenue, end of year | $ | 759 | $ | 641 | $ | 575 | |||||||||||
Net_Income_Per_Common_Share_Ta
Net Income Per Common Share (Tables) | 12 Months Ended | ||||||||||||
Jan. 31, 2015 | |||||||||||||
Earnings Per Share [Abstract] | |||||||||||||
Schedule of calculation of numerator and denominator in earnings per share | The following table provides a reconciliation of the numerators and denominators used to determine basic and diluted income per common share from continuing operations attributable to Walmart: | ||||||||||||
Fiscal Years Ended January 31, | |||||||||||||
(Amounts in millions, except per share data) | 2015 | 2014 | 2013 | ||||||||||
Numerator | |||||||||||||
Income from continuing operations | $ | 16,814 | $ | 16,551 | $ | 17,704 | |||||||
Less income from continuing operations attributable to noncontrolling interest | (632 | ) | (633 | ) | (741 | ) | |||||||
Income from continuing operations attributable to Walmart | $ | 16,182 | $ | 15,918 | $ | 16,963 | |||||||
Denominator | |||||||||||||
Weighted-average common shares outstanding, basic | 3,230 | 3,269 | 3,374 | ||||||||||
Dilutive impact of stock options and other share-based awards | 13 | 14 | 15 | ||||||||||
Weighted-average common shares outstanding, diluted | 3,243 | 3,283 | 3,389 | ||||||||||
Income per common share from continuing operations attributable to Walmart | |||||||||||||
Basic | $ | 5.01 | $ | 4.87 | $ | 5.03 | |||||||
Diluted | 4.99 | 4.85 | 5.01 | ||||||||||
Shareholders_Equity_Tables
Shareholder's Equity (Tables) | 12 Months Ended | ||||||||||||||
Jan. 31, 2015 | |||||||||||||||
Share-based Compensation [Abstract] | |||||||||||||||
Schedule of share-based compensation expense by award type | The following table summarizes the Company's share-based compensation expense by award type: | ||||||||||||||
Fiscal Years Ended January 31, | |||||||||||||||
(Amounts in millions) | 2015 | 2014 | 2013 | ||||||||||||
Restricted stock and performance share units | $ | 157 | $ | 141 | $ | 152 | |||||||||
Restricted stock units | 277 | 224 | 195 | ||||||||||||
Other | 28 | 23 | 31 | ||||||||||||
Share-based compensation expense | $ | 462 | $ | 388 | $ | 378 | |||||||||
Schedule of restricted stock and performance share awards and restricted stock rights activity | The following table shows the activity for restricted stock and performance share units and restricted stock units during fiscal 2015: | ||||||||||||||
Restricted Stock and Performance Share Units(1) | Restricted Stock Units | ||||||||||||||
(Shares in thousands) | Shares | Weighted- | Shares | Weighted- | |||||||||||
Average | Average | ||||||||||||||
Grant-Date | Grant-Date | ||||||||||||||
Fair Value | Fair Value | ||||||||||||||
Per Share | Per Share | ||||||||||||||
Outstanding at February 1, 2014 | 9,951 | $ | 63.26 | 17,785 | $ | 55.87 | |||||||||
Granted | 3,328 | 75.3 | 5,671 | 69.39 | |||||||||||
Vested/exercised | (2,799 | ) | 55.64 | (4,554 | ) | 47.81 | |||||||||
Forfeited or expired | (1,757 | ) | 62.35 | (1,334 | ) | 61.63 | |||||||||
Outstanding at January 31, 2015 | 8,723 | $ | 68.89 | 17,568 | $ | 61 | |||||||||
-1 | Assumes payout rate at 100% for Performance Share Units. | ||||||||||||||
Schedule of restricted stock and performance share awards and restricted stock rights | The following table includes additional information related to restricted stock and performance share units and restricted stock units: | ||||||||||||||
Fiscal Years Ended January 31, | |||||||||||||||
(Amounts in millions) | 2015 | 2014 | 2013 | ||||||||||||
Fair value of restricted stock and performance share units vested | $ | 156 | $ | 116 | $ | 155 | |||||||||
Fair value of restricted stock units vested | 218 | 189 | 168 | ||||||||||||
Unrecognized compensation cost for restricted stock and performance share units | 154 | 200 | 233 | ||||||||||||
Unrecognized compensation cost for restricted stock units | 570 | 497 | 437 | ||||||||||||
Weighted average remaining period to expense for restricted stock and performance share units (years) | 1.3 | 2 | 2 | ||||||||||||
Weighted average remaining period to expense for restricted stock units (years) | 1.7 | 2.1 | 1.7 | ||||||||||||
Schedule of Company's share repurchases | The following table provides, on a settlement date basis, the number of shares repurchased, average price paid per share and total cash paid for share repurchases for fiscal 2015, 2014 and 2013: | ||||||||||||||
Fiscal Years Ended January 31, | |||||||||||||||
(Amounts in millions, except per share data) | 2015 | 2014 | 2013 | ||||||||||||
Total number of shares repurchased | 13.4 | 89.1 | 113.2 | ||||||||||||
Average price paid per share | $ | 75.82 | $ | 74.99 | $ | 67.15 | |||||||||
Total cash paid for share repurchases | $ | 1,015 | $ | 6,683 | $ | 7,600 | |||||||||
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Loss) (Tables) | 12 Months Ended | ||||||||||||||||
Jan. 31, 2015 | |||||||||||||||||
Other Comprehensive Income (Loss), Tax [Abstract] | |||||||||||||||||
Composition Of Accumulated Other Comprehensive Income (Loss) | The following table provides the fiscal 2015, 2014 and 2013 changes in the composition of total accumulated other comprehensive income (loss), including the amounts reclassified out of accumulated other comprehensive income (loss) by component for fiscal 2015 and 2014: | ||||||||||||||||
(Amounts in millions and net of income taxes) | Currency Translation | Derivative | Minimum | Total | |||||||||||||
and Other | Instruments | Pension Liability | |||||||||||||||
Balances as of January 31, 2012 | $ | (806 | ) | $ | (7 | ) | $ | (597 | ) | $ | (1,410 | ) | |||||
Other comprehensive income (loss) before reclassifications | 853 | 136 | (166 | ) | 823 | ||||||||||||
Balances as of January 31, 2013 | 47 | 129 | (763 | ) | (587 | ) | |||||||||||
Other comprehensive income (loss) before reclassifications | (2,769 | ) | 194 | 149 | (2,426 | ) | |||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | — | 13 | 4 | 17 | |||||||||||||
Balances as of January 31, 2014 | (2,722 | ) | 336 | (610 | ) | (2,996 | ) | ||||||||||
Other comprehensive income (loss) before reclassifications | (3,633 | ) | (496 | ) | (58 | ) | (4,187 | ) | |||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | — | 26 | (11 | ) | 15 | ||||||||||||
Balances as of January 31, 2015 | $ | (6,355 | ) | $ | (134 | ) | $ | (679 | ) | $ | (7,168 | ) |
Accrued_Liabilities_Tables
Accrued Liabilities (Tables) | 12 Months Ended | ||||||||
Jan. 31, 2015 | |||||||||
Accrued Liabilities [Abstract] | |||||||||
Schedule of accrued liabilities | The Company's accrued liabilities consist of the following: | ||||||||
As of January 31, | |||||||||
(Amounts in millions) | 2015 | 2014 | |||||||
Accrued wages and benefits(1) | $ | 4,954 | $ | 4,652 | |||||
Self-insurance(2) | 3,306 | 3,477 | |||||||
Accrued non-income taxes(3) | 2,592 | 2,554 | |||||||
Other(4) | 8,300 | 8,110 | |||||||
Total accrued liabilities | $ | 19,152 | $ | 18,793 | |||||
-1 | Accrued wages and benefits include accrued wages, salaries, vacation, bonuses and other incentive plans. | ||||||||
-2 | Self-insurance consists of all insurance-related liabilities, such as workers' compensation, general liability, vehicle liability, property liability and employee-related health care benefits. | ||||||||
-3 | Accrued non-income taxes include accrued payroll, value added, sales and miscellaneous other taxes. | ||||||||
-4 | Other accrued liabilities consist of various items such as maintenance, utilities, advertising and interest. |
Longterm_Debt_Tables
Long-term Debt (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Jan. 31, 2015 | |||||||||||||||||||||||||
Long-term Debt, Unclassified [Abstract] | |||||||||||||||||||||||||
Schedule of short-term debt | The following table includes additional information related to the Company's short-term borrowings for fiscal 2015, 2014 and 2013: | ||||||||||||||||||||||||
Fiscal Years Ended January 31, | |||||||||||||||||||||||||
(Amounts in millions) | 2015 | 2014 | 2013 | ||||||||||||||||||||||
Maximum amount outstanding at any month-end | $ | 11,581 | $ | 13,318 | $ | 8,740 | |||||||||||||||||||
Average daily short-term borrowings | 7,009 | 8,971 | 6,007 | ||||||||||||||||||||||
Weighted-average interest rate | 0.5 | % | 0.1 | % | 0.1 | % | |||||||||||||||||||
Schedule of line of credit facilities | The committed lines of credit are summarized in the following table: | ||||||||||||||||||||||||
Fiscal Years Ended January 31, | |||||||||||||||||||||||||
2015 | 2014 | ||||||||||||||||||||||||
(Amounts in millions) | Available | Drawn | Undrawn | Available | Drawn | Undrawn | |||||||||||||||||||
Five-year credit facility(1) | $ | 6,000 | $ | — | $ | 6,000 | $ | 6,000 | $ | — | $ | 6,000 | |||||||||||||
364-day revolving credit facility(2) | 9,000 | — | 9,000 | 9,400 | — | 9,400 | |||||||||||||||||||
Total | $ | 15,000 | $ | — | $ | 15,000 | $ | 15,400 | $ | — | $ | 15,400 | |||||||||||||
-1 | In June 2014, the Company renewed and extended its existing five-year credit facility, which is used to support its commercial paper program. | ||||||||||||||||||||||||
-2 | In June 2014, the Company renewed and extended its existing 364-day revolving credit facility, which is used to support its commercial paper program. | ||||||||||||||||||||||||
Schedule of long-term debt instruments | The Company's long-term debt, which includes the fair value instruments further discussed in Note 8, consists of the following: | ||||||||||||||||||||||||
January 31, 2015 | January 31, 2014 | ||||||||||||||||||||||||
(Amounts in millions) | Maturity Dates | Amount | Average Rate(1) | Amount | Average Rate(1) | ||||||||||||||||||||
By Fiscal Year | |||||||||||||||||||||||||
Unsecured debt | |||||||||||||||||||||||||
Fixed | 2016 - 2045 | $ | 36,000 | 4.30% | $ | 35,500 | 4.30% | ||||||||||||||||||
Variable | 2019 | 500 | 5.40% | 500 | 5.40% | ||||||||||||||||||||
Total U.S. dollar denominated | 36,500 | 36,000 | |||||||||||||||||||||||
Fixed | 2023 - 2030 | 2,821 | 3.30% | 1,356 | 4.90% | ||||||||||||||||||||
Variable | — | — | |||||||||||||||||||||||
Total Euro denominated | 2,821 | 1,356 | |||||||||||||||||||||||
Fixed | 2031 - 2039 | 5,271 | 5.30% | 5,770 | 5.30% | ||||||||||||||||||||
Variable | — | — | |||||||||||||||||||||||
Total Sterling denominated | 5,271 | 5,770 | |||||||||||||||||||||||
Fixed | 2016 - 2021 | 596 | 1.00% | 1,490 | 1.30% | ||||||||||||||||||||
Variable | 2016 | 255 | 0.60% | 457 | 0.70% | ||||||||||||||||||||
Total Yen denominated | 851 | 1,947 | |||||||||||||||||||||||
Total unsecured debt | 45,443 | 45,073 | |||||||||||||||||||||||
Total other debt (in USD)(2) | 453 | 801 | |||||||||||||||||||||||
Total debt | 45,896 | 45,874 | |||||||||||||||||||||||
Less amounts due within one year | (4,810 | ) | (4,103 | ) | |||||||||||||||||||||
Long-term debt | $ | 41,086 | $ | 41,771 | |||||||||||||||||||||
-1 | The average rate represents the weighted-average stated rate for each corresponding debt category, based on year-end balances and year-end interest rates. Interest costs are also impacted by certain derivative financial instruments described in Note 8. | ||||||||||||||||||||||||
-2 | A portion of other debt at January 31, 2015 and 2014 includes secured debt in the amount of $139 million and $572 million, respectively, which was collateralized by property that had an aggregate carrying amount of approximately $19 million and $471 million, respectively. | ||||||||||||||||||||||||
Schedule of maturities of long-term debt | Annual maturities of long-term debt during the next five years and thereafter are as follows: | ||||||||||||||||||||||||
(Amounts in millions) | Annual | ||||||||||||||||||||||||
Fiscal Year | Maturities | ||||||||||||||||||||||||
2016 | $ | 4,810 | |||||||||||||||||||||||
2017 | 2,312 | ||||||||||||||||||||||||
2018 | 1,523 | ||||||||||||||||||||||||
2019 | 3,518 | ||||||||||||||||||||||||
2020 | 514 | ||||||||||||||||||||||||
Thereafter | 33,219 | ||||||||||||||||||||||||
Total | $ | 45,896 | |||||||||||||||||||||||
Schedule of fiscal year 2015 debt issuances | Information on significant long-term debt issued during fiscal 2015 is as follows: | ||||||||||||||||||||||||
(Amounts in millions) | |||||||||||||||||||||||||
Issue Date | Principal Amount | Maturity Date | Fixed vs. Floating | Interest Rate | Proceeds | ||||||||||||||||||||
April 8, 2014 | 850 Euro | April 8, 2022 | Fixed | 1.90% | $ | 1,161 | |||||||||||||||||||
April 8, 2014 | 650 Euro | April 8, 2026 | Fixed | 2.55% | 885 | ||||||||||||||||||||
April 22, 2014 | 500 USD | April 21, 2017 | Fixed | 1.00% | 499 | ||||||||||||||||||||
April 22, 2014 | 1,000 USD | April 22, 2024 | Fixed | 3.30% | 992 | ||||||||||||||||||||
April 22, 2014 | 1,000 USD | April 22, 2044 | Fixed | 4.30% | 985 | ||||||||||||||||||||
October 22, 2014 | 500 USD | April 22, 2024 | Fixed | 3.30% | 508 | ||||||||||||||||||||
Total | $ | 5,030 | |||||||||||||||||||||||
Schedule of fiscal year 2014 debt issuances | Information on significant long-term debt issued during fiscal 2014 is as follows: | ||||||||||||||||||||||||
(Amounts in millions) | |||||||||||||||||||||||||
Issue Date | Principal Amount | Maturity Date | Fixed vs. Floating | Interest Rate | Proceeds | ||||||||||||||||||||
April 11, 2013 | 1,000 USD | April 11, 2016 | Fixed | 0.60% | $ | 997 | |||||||||||||||||||
April 11, 2013 | 1,250 USD | April 11, 2018 | Fixed | 1.13% | 1,244 | ||||||||||||||||||||
April 11, 2013 | 1,750 USD | April 11, 2023 | Fixed | 2.55% | 1,738 | ||||||||||||||||||||
April 11, 2013 | 1,000 USD | April 11, 2043 | Fixed | 4.00% | 988 | ||||||||||||||||||||
October 2, 2013 | 1,000 USD | December 15, 2018 | Fixed | 1.95% | 995 | ||||||||||||||||||||
October 2, 2013 | 750 USD | October 2, 2043 | Fixed | 4.75% | 738 | ||||||||||||||||||||
Total | $ | 6,700 | |||||||||||||||||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 12 Months Ended | ||||||||||||||||
Jan. 31, 2015 | |||||||||||||||||
Fair Value Disclosures [Abstract] | |||||||||||||||||
Notional amounts and fair values of derivatives | As of January 31, 2015 and 2014, the notional amounts and fair values of these derivatives were as follows: | ||||||||||||||||
January 31, 2015 | 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 | $ | 500 | $ | 12 | $ | 1,000 | $ | 5 | |||||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as net investment hedges | 1,250 | 207 | 1,250 | 97 | |||||||||||||
Receive fixed-rate, pay fixed-rate cross-currency interest rate swaps designated as cash flow hedges | 4,329 | (317 | ) | 3,004 | 453 | ||||||||||||
Receive variable-rate, pay fixed-rate interest rate swaps designated as cash flow hedges | 255 | (1 | ) | 457 | (2 | ) | |||||||||||
Receive variable-rate, pay fixed-rate forward starting interest rate swaps designated as cash flow hedges | — | — | 2,500 | 166 | |||||||||||||
Total | $ | 6,334 | $ | (99 | ) | $ | 8,211 | $ | 719 | ||||||||
Carrying value and fair value of long-term debt | The carrying value and fair value of the Company's long-term debt as of January 31, 2015 and 2014, are as follows: | ||||||||||||||||
January 31, 2015 | January 31, 2014 | ||||||||||||||||
(Amounts in millions) | Carrying Value | Fair Value | Carrying Value | Fair Value | |||||||||||||
Long-term debt, including amounts due within one year | $ | 45,896 | $ | 56,237 | $ | 45,874 | $ | 50,757 | |||||||||
Derivative_Financial_Instrumen1
Derivative Financial Instruments (Tables) | 12 Months Ended | |||||||||||||||||||||||
Jan. 31, 2015 | ||||||||||||||||||||||||
Summary of Derivative Instruments [Abstract] | ||||||||||||||||||||||||
Schedule of derivative instruments in statement of financial position, fair value | The Company's derivative instruments, as well as its nonderivative debt instruments designated and qualifying as net investment hedges, were classified as follows in the Company's Consolidated Balance Sheets: | |||||||||||||||||||||||
January 31, 2015 | January 31, 2014 | |||||||||||||||||||||||
(Amounts in millions) | Fair Value | Net Investment | Cash Flow | Fair Value | Net Investment | Cash Flow | ||||||||||||||||||
Instruments | Instruments | Instruments | Instruments | Instruments | Instruments | |||||||||||||||||||
Derivative instruments | ||||||||||||||||||||||||
Prepaid expenses and other | $ | — | $ | — | $ | — | $ | 5 | $ | — | $ | — | ||||||||||||
Other assets and deferred charges | 12 | 207 | 293 | — | 97 | 619 | ||||||||||||||||||
Derivative asset subtotals | $ | 12 | $ | 207 | $ | 293 | $ | 5 | $ | 97 | $ | 619 | ||||||||||||
Accrued liabilities | $ | — | $ | — | $ | 1 | $ | — | $ | — | $ | 1 | ||||||||||||
Deferred income taxes and other | — | — | 610 | — | — | 1 | ||||||||||||||||||
Derivative liability subtotals | $ | — | $ | — | $ | 611 | $ | — | $ | — | $ | 2 | ||||||||||||
Nonderivative hedging instruments | ||||||||||||||||||||||||
Long-term debt due within one year | $ | — | $ | 766 | $ | — | $ | — | $ | 973 | $ | — | ||||||||||||
Long-term debt | — | 3,850 | — | — | 5,095 | — | ||||||||||||||||||
Nonderivative hedge liability subtotals | $ | — | $ | 4,616 | $ | — | $ | — | $ | 6,068 | $ | — | ||||||||||||
Taxes_Tables
Taxes (Tables) | 12 Months Ended | |||||||||||
Jan. 31, 2015 | ||||||||||||
Income Tax Disclosure [Abstract] | ||||||||||||
Schedule of income before income tax, domestic and foreign | The components of income from continuing operations before income taxes are as follows: | |||||||||||
Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2015 | 2014 | 2013 | |||||||||
U.S. | $ | 18,610 | $ | 19,412 | $ | 19,352 | ||||||
Non-U.S. | 6,189 | 5,244 | 6,310 | |||||||||
Total income from continuing operations before income taxes | $ | 24,799 | $ | 24,656 | $ | 25,662 | ||||||
Schedule of components of income tax expense (benefit) | A summary of the provision for income taxes is as follows: | |||||||||||
Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2015 | 2014 | 2013 | |||||||||
Current: | ||||||||||||
U.S. federal | $ | 6,165 | $ | 6,377 | $ | 5,611 | ||||||
U.S. state and local | 810 | 719 | 622 | |||||||||
International | 1,529 | 1,523 | 1,743 | |||||||||
Total current tax provision | 8,504 | 8,619 | 7,976 | |||||||||
Deferred: | ||||||||||||
U.S. federal | (387 | ) | (72 | ) | 38 | |||||||
U.S. state and local | (55 | ) | 37 | (8 | ) | |||||||
International | (77 | ) | (479 | ) | (48 | ) | ||||||
Total deferred tax expense (benefit) | (519 | ) | (514 | ) | (18 | ) | ||||||
Total provision for income taxes | $ | 7,985 | $ | 8,105 | $ | 7,958 | ||||||
Schedule of effective income tax rate reconciliation | A reconciliation of the significant differences between the U.S. statutory tax rate and the effective income tax rate on pretax income from continuing operations is as follows: | |||||||||||
Fiscal Years Ended January 31, | ||||||||||||
2015 | 2014 | 2013 | ||||||||||
U.S. statutory tax rate | 35 | % | 35 | % | 35 | % | ||||||
U.S. state income taxes, net of federal income tax benefit | 1.8 | % | 2 | % | 1.7 | % | ||||||
Income taxed outside the U.S. | (2.7 | )% | (2.8 | )% | (2.6 | )% | ||||||
Net impact of repatriated international earnings | (1.5 | )% | (1.4 | )% | (2.5 | )% | ||||||
Other, net | (0.4 | )% | 0.1 | % | (0.6 | )% | ||||||
Effective income tax rate | 32.2 | % | 32.9 | % | 31 | % | ||||||
Schedule of deferred tax assets and liabilities | The significant components of the Company's deferred tax account balances are as follows: | |||||||||||
January 31, | ||||||||||||
(Amounts in millions) | 2015 | 2014 | ||||||||||
Deferred tax assets: | ||||||||||||
Loss and tax credit carryforwards | $ | 3,255 | $ | 3,566 | ||||||||
Accrued liabilities | 3,395 | 2,986 | ||||||||||
Share-based compensation | 184 | 126 | ||||||||||
Other | 1,119 | 1,573 | ||||||||||
Total deferred tax assets | 7,953 | 8,251 | ||||||||||
Valuation allowances | (1,504 | ) | (1,801 | ) | ||||||||
Deferred tax assets, net of valuation allowance | 6,449 | 6,450 | ||||||||||
Deferred tax liabilities: | ||||||||||||
Property and equipment | 5,972 | 6,295 | ||||||||||
Inventories | 1,825 | 1,641 | ||||||||||
Other | 1,618 | 1,827 | ||||||||||
Total deferred tax liabilities | 9,415 | 9,763 | ||||||||||
Net deferred tax liabilities | $ | 2,966 | $ | 3,313 | ||||||||
Schedule of deferred taxes classification in consolidated balance sheets | The deferred taxes are classified as follows in the Company's Consolidated Balance Sheets: | |||||||||||
January 31, | ||||||||||||
(Amounts in millions) | 2015 | 2014 | ||||||||||
Balance Sheet classification: | ||||||||||||
Assets: | ||||||||||||
Prepaid expenses and other | $ | 728 | $ | 822 | ||||||||
Other assets and deferred charges | 1,033 | 1,151 | ||||||||||
Asset subtotals | 1,761 | 1,973 | ||||||||||
Liabilities: | ||||||||||||
Accrued liabilities | 56 | 176 | ||||||||||
Deferred income taxes and other | 4,671 | 5,110 | ||||||||||
Liability subtotals | 4,727 | 5,286 | ||||||||||
Net deferred tax liabilities | $ | 2,966 | $ | 3,313 | ||||||||
Summary of income tax contingencies | A reconciliation of unrecognized tax benefits from continuing operations was as follows: | |||||||||||
Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2015 | 2014 | 2013 | |||||||||
Unrecognized tax benefits, beginning of year | $ | 763 | $ | 818 | $ | 611 | ||||||
Increases related to prior year tax positions | 7 | 41 | 88 | |||||||||
Decreases related to prior year tax positions | (17 | ) | (112 | ) | (232 | ) | ||||||
Increases related to current year tax positions | 174 | 133 | 431 | |||||||||
Settlements during the period | (89 | ) | (117 | ) | (80 | ) | ||||||
Lapse in statutes of limitations | — | — | — | |||||||||
Unrecognized tax benefits, end of year | $ | 838 | $ | 763 | $ | 818 | ||||||
Contingencies_Schedule_of_FCPA
Contingencies Schedule of FCPA Expenses (Tables) | 12 Months Ended | ||||||||||||
Jan. 31, 2015 | |||||||||||||
Commitments and Contingencies Disclosure [Abstract] | |||||||||||||
Foreign corrupt practices act expenses | For the fiscal years ended January 31, 2015, 2014 and 2013, the Company incurred the following third-party expenses in connection with the FCPA investigation and related matters: | ||||||||||||
Fiscal Years Ended January 31, | |||||||||||||
(Amounts in millions) | 2015 | 2014 | 2013 | ||||||||||
Ongoing inquiries and investigations | $ | 121 | $ | 173 | $ | 100 | |||||||
Global compliance program and organizational enhancements | 52 | 109 | 57 | ||||||||||
Total | $ | 173 | $ | 282 | $ | 157 | |||||||
Commitments_Tables
Commitments (Tables) | 12 Months Ended | ||||||||
Jan. 31, 2015 | |||||||||
Commitments Disclosure [Abstract] | |||||||||
Aggregate minimum annual rentals under non-cancelable leases | Aggregate minimum annual rentals at January 31, 2015, under non-cancelable leases are as follows: | ||||||||
(Amounts in millions) | |||||||||
Fiscal Year | Operating Leases | Capital Leases | |||||||
2016 | $ | 1,759 | $ | 504 | |||||
2017 | 1,615 | 476 | |||||||
2018 | 1,482 | 444 | |||||||
2019 | 1,354 | 408 | |||||||
2020 | 1,236 | 370 | |||||||
Thereafter | 10,464 | 3,252 | |||||||
Total minimum rentals | $ | 17,910 | $ | 5,454 | |||||
Less estimated executory costs | 49 | ||||||||
Net minimum lease payments | 5,405 | ||||||||
Less imputed interest | 2,512 | ||||||||
Present value of minimum lease payments | $ | 2,893 | |||||||
RetirementRelated_Benefits_Tab
Retirement-Related Benefits (Tables) | 12 Months Ended | |||||||||||
Jan. 31, 2015 | ||||||||||||
Retirement Related Benefits [Abstract] | ||||||||||||
Schedule of costs of retirement plans | The following table summarizes the contribution expense related to the Company's retirement-related benefits for fiscal 2015, 2014 and 2013: | |||||||||||
Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2015 | 2014 | 2013 | |||||||||
Defined contribution plans: | ||||||||||||
U.S. | $ | 898 | $ | 877 | $ | 818 | ||||||
International | 167 | 165 | 166 | |||||||||
Defined benefit plans: | ||||||||||||
International | 5 | 20 | 26 | |||||||||
Total contribution expense for retirement-related benefits | $ | 1,070 | $ | 1,062 | $ | 1,010 | ||||||
Segments_Tables
Segments (Tables) | 12 Months Ended | ||||||||||||||||||||
Jan. 31, 2015 | |||||||||||||||||||||
Segment Reporting Information, Profit (Loss) [Abstract] | |||||||||||||||||||||
Segment reporting information | Information for the Company's segments, as well as for Corporate and support, including the reconciliation to income from continuing operations before income taxes, is provided in the following table: | ||||||||||||||||||||
(Amounts in millions) | Walmart U.S. | Walmart International | Sam's Club | Corporate and support | Consolidated | ||||||||||||||||
Fiscal Year Ended January 31, 2015 | |||||||||||||||||||||
Net sales | $ | 288,049 | $ | 136,160 | $ | 58,020 | $ | — | $ | 482,229 | |||||||||||
Operating income (loss) | 21,336 | 6,171 | 1,976 | (2,336 | ) | 27,147 | |||||||||||||||
Interest expense, net | (2,348 | ) | |||||||||||||||||||
Income from continuing operations before income taxes | $ | 24,799 | |||||||||||||||||||
Total assets | 101,381 | 80,505 | 13,995 | 7,825 | $ | 203,706 | |||||||||||||||
Depreciation and amortization | 2,665 | 2,665 | 473 | 3,370 | 9,173 | ||||||||||||||||
Capital expenditures | 6,286 | 3,936 | 753 | 1,199 | 12,174 | ||||||||||||||||
Fiscal Year Ended January 31, 2014 | |||||||||||||||||||||
Net sales | $ | 279,406 | $ | 136,513 | $ | 57,157 | $ | — | $ | 473,076 | |||||||||||
Operating income (loss) | 21,787 | 5,153 | 1,843 | (1,911 | ) | 26,872 | |||||||||||||||
Interest expense, net | (2,216 | ) | |||||||||||||||||||
Income from continuing operations before income taxes | $ | 24,656 | |||||||||||||||||||
Total assets | $ | 98,745 | $ | 85,370 | $ | 14,053 | $ | 6,583 | $ | 204,751 | |||||||||||
Depreciation and amortization | 2,640 | 2,658 | 437 | 3,135 | 8,870 | ||||||||||||||||
Capital expenditures | 6,378 | 4,463 | 1,071 | 1,203 | 13,115 | ||||||||||||||||
Fiscal Year Ended January 31, 2013 | |||||||||||||||||||||
Net sales | $ | 274,433 | $ | 134,748 | $ | 56,423 | $ | — | $ | 465,604 | |||||||||||
Operating income (loss) | 21,103 | 6,365 | 1,859 | (1,602 | ) | 27,725 | |||||||||||||||
Interest expense, net | (2,063 | ) | |||||||||||||||||||
Income from continuing operations before income taxes | $ | 25,662 | |||||||||||||||||||
Total assets | $ | 96,234 | $ | 85,695 | $ | 13,479 | $ | 7,697 | $ | 203,105 | |||||||||||
Depreciation and amortization | 2,644 | 2,605 | 410 | 2,819 | 8,478 | ||||||||||||||||
Capital expenditures | 5,994 | 4,640 | 868 | 1,396 | 12,898 | ||||||||||||||||
Segment revenues and long-lived assets | Total revenues, consisting of net sales and membership and other income, and long-lived assets, consisting primarily of property and equipment, net, aggregated by the Company's U.S. and non-U.S. operations for fiscal 2015, 2014 and 2013, are as follows: | ||||||||||||||||||||
Fiscal Years Ended January 31, | |||||||||||||||||||||
(Amounts in millions) | 2015 | 2014 | 2013 | ||||||||||||||||||
Total revenues | |||||||||||||||||||||
U.S. operations | $ | 348,227 | $ | 338,681 | $ | 332,788 | |||||||||||||||
Non-U.S. operations | 137,424 | 137,613 | 135,863 | ||||||||||||||||||
Total revenues | $ | 485,651 | $ | 476,294 | $ | 468,651 | |||||||||||||||
Long-lived assets | |||||||||||||||||||||
U.S. operations | $ | 80,879 | $ | 79,644 | $ | 77,692 | |||||||||||||||
Non-U.S. operations | 35,776 | 38,263 | 38,989 | ||||||||||||||||||
Total long-lived assets | $ | 116,655 | $ | 117,907 | $ | 116,681 | |||||||||||||||
Subsequent_Event_Tables
Subsequent Event (Tables) | 12 Months Ended | ||
Jan. 31, 2015 | |||
Subsequent Events [Abstract] | |||
Schedule of dividends payable | For fiscal 2016, the annual dividend will be paid in four quarterly installments of $0.49 per share, according to the following record and payable dates: | ||
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 |
Quarterly_Financial_Data_unaud1
Quarterly Financial Data (unaudited) (Tables) | 12 Months Ended | ||||||||||||||||||||
Jan. 31, 2015 | |||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||||||
Schedule of quarterly financial information | |||||||||||||||||||||
Fiscal Year Ended January 31, 2015 | |||||||||||||||||||||
(Amounts in millions, except per share data) | Q1 | Q2 | Q3 | Q4 | Total | ||||||||||||||||
Total revenues | $ | 114,960 | $ | 120,125 | $ | 119,001 | $ | 131,565 | $ | 485,651 | |||||||||||
Net sales | 114,167 | 119,336 | 118,076 | 130,650 | 482,229 | ||||||||||||||||
Cost of sales | 86,714 | 90,010 | 89,247 | 99,115 | 365,086 | ||||||||||||||||
Income from continuing operations | 3,711 | 4,089 | 3,826 | 5,188 | 16,814 | ||||||||||||||||
Consolidated net income | 3,726 | 4,359 | 3,826 | 5,188 | 17,099 | ||||||||||||||||
Consolidated net income attributable to Walmart | 3,593 | 4,093 | 3,711 | 4,966 | 16,363 | ||||||||||||||||
Basic net income per common share(1): | |||||||||||||||||||||
Basic income per common share from continuing operations attributable to Walmart | 1.1 | 1.22 | 1.15 | 1.54 | 5.01 | ||||||||||||||||
Basic income (loss) per common share from discontinued operations attributable to Walmart | 0.01 | 0.05 | — | — | 0.06 | ||||||||||||||||
Basic net income per common share attributable to Walmart | 1.11 | 1.27 | 1.15 | 1.54 | 5.07 | ||||||||||||||||
Diluted net income per common share(1): | |||||||||||||||||||||
Diluted income per common share from continuing operations attributable to Walmart | 1.1 | 1.21 | 1.15 | 1.53 | 4.99 | ||||||||||||||||
Diluted income (loss) per common share from discontinued operations attributable to Walmart | 0.01 | 0.05 | — | — | 0.06 | ||||||||||||||||
Diluted net income per common share attributable to Walmart | 1.11 | 1.26 | 1.15 | 1.53 | 5.05 | ||||||||||||||||
Fiscal Year Ended January 31, 2014 | |||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | Total | |||||||||||||||||
Total revenues | $ | 114,071 | $ | 116,829 | $ | 115,688 | $ | 129,706 | $ | 476,294 | |||||||||||
Net sales | 113,313 | 116,101 | 114,876 | 128,786 | 473,076 | ||||||||||||||||
Cost of sales | 85,991 | 87,420 | 86,687 | 97,971 | 358,069 | ||||||||||||||||
Income from continuing operations | 3,932 | 4,205 | 3,870 | 4,544 | 16,551 | ||||||||||||||||
Consolidated net income | 3,944 | 4,216 | 3,885 | 4,650 | 16,695 | ||||||||||||||||
Consolidated net income attributable to Walmart | 3,784 | 4,069 | 3,738 | 4,431 | 16,022 | ||||||||||||||||
Basic net income per common share(1): | |||||||||||||||||||||
Basic income per common share from continuing operations attributable to Walmart | 1.14 | 1.24 | 1.14 | 1.35 | 4.87 | ||||||||||||||||
Basic income (loss) per common share from discontinued operations attributable to Walmart | 0.01 | — | 0.01 | 0.02 | 0.03 | ||||||||||||||||
Basic net income per common share attributable to Walmart | 1.15 | 1.24 | 1.15 | 1.37 | 4.9 | ||||||||||||||||
Diluted net income per common share(1): | |||||||||||||||||||||
Diluted income per common share from continuing operations attributable to Walmart | 1.14 | 1.23 | 1.14 | 1.34 | 4.85 | ||||||||||||||||
Diluted income (loss) per common share from discontinued operations attributable to Walmart | — | 0.01 | — | 0.02 | 0.03 | ||||||||||||||||
Diluted net income per common share attributable to Walmart | 1.14 | 1.24 | 1.14 | 1.36 | 4.88 | ||||||||||||||||
-1 | The sum of quarterly income per common share attributable to Walmart data may not agree to annual amounts due to rounding. |
Accounting_Policies_Summary_of2
Accounting Policies Summary of Significant Accounting Policies (Details) (USD $) | 12 Months Ended | |||
Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||||
Amounts Due from Banks | $2,900,000,000 | $1,600,000,000 | ||
Restricted Cash and Cash Equivalents | 345,000,000 | 654,000,000 | ||
Cash and cash equivalents | 9,135,000,000 | 7,281,000,000 | 7,781,000,000 | 6,550,000,000 |
Cash Held in Foreign Countries | 6,300,000,000 | 5,800,000,000 | ||
Nonrepatriable Cash and Cash Equivalents | 1,700,000,000 | 1,900,000,000 | ||
Financing Receivable, Net | 1,200,000,000 | 1,300,000,000 | ||
Financing Receivable, Allowance for Credit Losses | 114,000,000 | 119,000,000 | ||
Depreciation and Amortization of Property, Plant and Equipment | 9,100,000,000 | 8,800,000,000 | 8,400,000,000 | |
Capitalized Interest on Construction Projects | 59,000,000 | 78,000,000 | 74,000,000 | |
General Liability Self Insurance Limits | 15,000,000 | |||
Worker's Compensation Self Insurance Limits | 5,000,000 | |||
Advertising Expense | 2,400,000,000 | 2,400,000,000 | 2,300,000,000 | |
Pre-Opening Costs | $317,000,000 | $338,000,000 | $316,000,000 |
Accounting_Policies_Summary_of3
Accounting Policies Summary of Significant Accounting Policies (Schedule of Property, Plant and Equipment) (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 |
Property, Plant and Equipment [Line Items] | ||
Property and equipment | 177,395 | 173,089 |
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | 63,115 | 57,725 |
Property, Plant and Equipment, Net | 114,280 | 115,364 |
Land | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment | 26,261 | 26,184 |
Building and building improvements | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment | 97,496 | 95,488 |
Building and building improvements | Minimum | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Useful Life | 3 years | |
Building and building improvements | Maximum | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Useful Life | 40 years | |
Fixtures and equipment | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment | 45,044 | 42,971 |
Fixtures and equipment | Minimum | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Useful Life | 2 years | |
Fixtures and equipment | Maximum | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Useful Life | 30 years | |
Transportation equipment | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment | 2,807 | 2,785 |
Transportation equipment | Minimum | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Useful Life | 3 years | |
Transportation equipment | Maximum | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Useful Life | 15 years | |
Construction in progress | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment | 5,787 | 5,661 |
Accounting_Policies_Summary_of4
Accounting Policies Summary of Significant Accounting Policies (Schedule of Goodwill) (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 |
Goodwill [Roll Forward] | ||
Goodwill | $19,510 | $20,497 |
Changes in currency translation and other | -1,418 | -1,000 |
Acquisitions(1) | 10 | 13 |
Goodwill | 18,102 | 19,510 |
Walmart International | ||
Goodwill [Roll Forward] | ||
Goodwill | 18,746 | 19,741 |
Changes in currency translation and other | -1,418 | -1,000 |
Acquisitions(1) | 0 | 5 |
Goodwill | 17,328 | 18,746 |
Sam's Club | ||
Goodwill [Roll Forward] | ||
Goodwill | 313 | 313 |
Changes in currency translation and other | 0 | 0 |
Acquisitions(1) | 0 | 0 |
Goodwill | 313 | 313 |
Walmart U.S. | ||
Goodwill [Roll Forward] | ||
Goodwill | 451 | 443 |
Changes in currency translation and other | 0 | 0 |
Acquisitions(1) | 10 | 8 |
Goodwill | $461 | $451 |
Accounting_Policies_Significan
Accounting Policies Significant Accounting Policies (Schedule of Deferred Membership Fee) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Movement in Deferred Revenue [Roll Forward] | |||
Deferred Revenue | $641 | $575 | $559 |
Cash received from members | 1,410 | 1,249 | 1,133 |
Membership fee revenue recognized | -1,292 | -1,183 | -1,117 |
Deferred Revenue | $759 | $641 | $575 |
Net_Income_Per_Common_Share_De
Net Income Per Common Share (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, except Per Share data, unless otherwise specified | Jan. 31, 2015 | Oct. 31, 2014 | Jul. 31, 2014 | Apr. 30, 2014 | Jan. 31, 2014 | Oct. 31, 2013 | Jul. 31, 2013 | Apr. 30, 2013 | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Net Income Per Common Share [Line Items] | |||||||||||
Income from continuing operations | $5,188 | $3,826 | $4,089 | $3,711 | $4,544 | $3,870 | $4,205 | $3,932 | $16,814 | $16,551 | $17,704 |
Less income from continuing operations attributable to noncontrolling interest | -632 | -633 | -741 | ||||||||
Income from continuing operations attributable to Walmart | $16,182 | $15,918 | $16,963 | ||||||||
Weighted-average common shares outstanding, basic | 3,230 | 3,269 | 3,374 | ||||||||
Dilutive impact of stock options and other share-based awards | 13 | 14 | 15 | ||||||||
Weighted-average common shares outstanding, diluted | 3,243 | 3,283 | 3,389 | ||||||||
Basic income per common share from continuing operations attributable to Walmart | $1.54 | $1.15 | $1.22 | $1.10 | $1.35 | $1.14 | $1.24 | $1.14 | $5.01 | $4.87 | $5.03 |
Diluted income per common share from continuing operations attributable to Walmart | $1.53 | $1.15 | $1.21 | $1.10 | $1.34 | $1.14 | $1.23 | $1.14 | $4.99 | $4.85 | $5.01 |
Shareholders_Equity_Shareholde
Shareholder's Equity Shareholder's Equity (Narrative)(Details) (USD $) | 12 Months Ended | ||||
Share data in Millions, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 | Jun. 04, 2010 | Jun. 06, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Share-based compensation expense | $462,000,000 | $388,000,000 | $378,000,000 | ||
Income tax benefit recognized for share-based compensation | 173,000,000 | 145,000,000 | 142,000,000 | ||
Number of shares registered under the Securities Act of 1933 | 210 | ||||
Restricted stock and performance share units | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Share-based compensation expense | 157,000,000 | 141,000,000 | 152,000,000 | ||
Restricted stock and performance share units | Minimum | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Restricted stock and performance share awards vesting percentages | 0.00% | ||||
Restricted stock and performance share awards vesting periods, in years | 1 year | ||||
Restricted stock and performance share units | Maximum | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Restricted stock and performance share awards vesting percentages | 150.00% | ||||
Restricted stock and performance share awards vesting periods, in years | 3 years | ||||
Restricted stock units | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Share-based compensation expense | 277,000,000 | 224,000,000 | 195,000,000 | ||
Restricted stock units vesting percentage, 3 years | 50.00% | ||||
Restricted stock units vesting percentage, 5 years | 50.00% | ||||
Weighted average discount for dividend yield | 9.50% | 10.30% | 12.20% | ||
Restricted stock units | Minimum | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Restricted stock and performance share awards vesting periods, in years | 3 years | ||||
Restricted stock units | Maximum | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Restricted stock and performance share awards vesting periods, in years | 5 years | ||||
Other | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Share-based compensation expense | 28,000,000 | 23,000,000 | 31,000,000 | ||
2013 Share repurchase program | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Share repurchase program, authorized amount | 15,000,000,000 | ||||
Stock repurchase program, remaining authorized repurchase amount | 10,300,000,000 | ||||
2011 Share repurchase program | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Share repurchase program, authorized amount | 15,000,000,000 | ||||
Stock repurchase program, remaining authorized repurchase amount | $712,000,000 |
Shareholders_Equity_Shareholde1
Shareholder's Equity Shareholder's Equity (Schedule of share-based compensation expense) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based compensation expense | $462 | $388 | $378 |
Restricted stock and performance share units | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based compensation expense | 157 | 141 | 152 |
Restricted stock units | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based compensation expense | 277 | 224 | 195 |
Other | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based compensation expense | $28 | $23 | $31 |
Shareholders_Equity_Shareholde2
Shareholder's Equity Shareholder's Equity (Schedule of Activity) (Details) (USD $) | 12 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 |
Restricted stock and performance share units | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Shares, outstanding | 8,723 | 9,951 |
Weighted-average grant-date fair value per share, outstanding | $68.89 | $63.26 |
Shares, granted | 3,328 | |
Weighted-average grant-date fair value per share, granted | $75.30 | |
Shares, vested/exercised | -2,799 | |
Weighted-average grant-date fair value per share, vested/exercised | $55.64 | |
Shares, forfeited or expired | -1,757 | |
Weighted-average grant-date fair value per share, forfeited or expired | $62.35 | |
Restricted stock units | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Shares, outstanding | 17,568 | 17,785 |
Weighted-average grant-date fair value per share, outstanding | $61 | $55.87 |
Shares, granted | 5,671 | |
Weighted-average grant-date fair value per share, granted | $69.39 | |
Shares, vested/exercised | -4,554 | |
Weighted-average grant-date fair value per share, vested/exercised | $47.81 | |
Shares, forfeited or expired | -1,334 | |
Weighted-average grant-date fair value per share, forfeited or expired | $61.63 |
Shareholders_Equity_Shareholde3
Shareholder's Equity Shareholder's Equity (Schedule of Fair Value of Restricted Stock) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Restricted stock and performance share units | |||
Additional information related to restricted stock and performance share awards and restricted stock units | |||
Fair value | $156 | $116 | $155 |
Unrecognized compensation cost | 154 | 200 | 233 |
Weighted average remaining period to expense, years | 1 year 3 months | 2 years | 2 years |
Restricted stock units | |||
Additional information related to restricted stock and performance share awards and restricted stock units | |||
Fair value | 218 | 189 | 168 |
Unrecognized compensation cost | $570 | $497 | $437 |
Weighted average remaining period to expense, years | 1 year 8 months | 2 years 1 month | 1 year 8 months |
Shareholders_Equity_Shareholde4
Shareholder's Equity Shareholder's Equity (Schedule of share repurchases) (Details) (USD $) | 12 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Share Repurchases [Abstract] | |||
Total number of shares repurchased | 13.4 | 89.1 | 113.2 |
Average price paid per share | $75.82 | $74.99 | $67.15 |
Total cash paid for share repurchases | $1,015 | $6,683 | $7,600 |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income (Loss) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward] | |||
Balances - Beginning of Period | ($2,996) | ($587) | ($1,410) |
Other Comprehensive Income (Loss) Before Reclassifications | -4,187 | -2,426 | 823 |
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) | 15 | 17 | |
Balances - End of Period | -7,168 | -2,996 | -587 |
Currency Translation And Other [Member] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward] | |||
Balances - Beginning of Period | -2,722 | 47 | -806 |
Other Comprehensive Income (Loss) Before Reclassifications | -3,633 | -2,769 | 853 |
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) | 0 | 0 | |
Balances - End of Period | -6,355 | -2,722 | 47 |
Derivative Instruments [Member] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward] | |||
Balances - Beginning of Period | 336 | 129 | -7 |
Other Comprehensive Income (Loss) Before Reclassifications | -496 | 194 | 136 |
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) | 26 | 13 | |
Balances - End of Period | -134 | 336 | 129 |
Minimum Pension Liability [Member] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward] | |||
Balances - Beginning of Period | -610 | -763 | -597 |
Other Comprehensive Income (Loss) Before Reclassifications | -58 | 149 | -166 |
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) | -11 | 4 | |
Balances - End of Period | ($679) | ($610) | ($763) |
Accrued_Liabilities_Details
Accrued Liabilities (Details) (USD $) | Jan. 31, 2015 | Jan. 31, 2014 |
In Millions, unless otherwise specified | ||
Accrued Liabilities [Abstract] | ||
Accrued wages and benefits(1) | $4,954 | $4,652 |
Self-insurance(2) | 3,306 | 3,477 |
Accrued non-income taxes(3) | 2,592 | 2,554 |
Other(4) | 8,300 | 8,110 |
Accrued liabilities | $19,152 | $18,793 |
Longterm_Debt_Details
Long-term Debt (Details) | 12 Months Ended | 0 Months Ended | 0 Months Ended | 12 Months Ended | ||||||||||||||
Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 | Aug. 05, 2013 | Apr. 15, 2013 | Feb. 03, 2014 | Apr. 14, 2014 | 15-May-14 | 1-May-13 | 1-May-13 | Jun. 01, 2013 | Aug. 05, 2013 | Oct. 25, 2013 | Aug. 06, 2014 | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2015 | Jan. 31, 2015 | |
USD ($) | USD ($) | USD ($) | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | JAPAN | Put Option [Member] | Put Option [Member] | Minimum | Maximum | |
Financial_institution | Financial_institution | JPY (¥) | 4.250% Debt, Due 2013 [Domain] [Domain] | 3.000% Debt, Due 2014 [Domain] | 1.625% Debt, Due 2014 [Domain] | 3.200% Debt, Due 2014 [Domain] | 4.550% Debt, Due 2013 [Domain] | 4.550% Debt, Due 2013 [Domain] | 7.250% Debt, Due 2013 [Domain] | 2.010% Debt, Due 2013 [Domain] | 0.750% Debt, Due 2013 [Domain] | Debt Securities [Member] | USD ($) | USD ($) | ||||
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | JPY (¥) | USD ($) | JPY (¥) | ||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||
Short-term borrowings | $1,592,000,000 | $7,670,000,000 | ||||||||||||||||
Number Of Financial Institutions Committing To Lend Funds Under Lines Of Credit | 23 | 24 | ||||||||||||||||
Available | 15,000,000,000 | 15,400,000,000 | ||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 10.00% | 75.00% | ||||||||||||||||
Line of Credit Facility, Commitment Fee Percentage | 1.50% | 4.00% | ||||||||||||||||
Letters of Credit Outstanding, Amount | 4,600,000,000 | 4,700,000,000 | ||||||||||||||||
Secured Long-term Debt, Noncurrent | 139,000,000 | 572,000,000 | ||||||||||||||||
Carrying Value Of Property Collateralizing Long Term Debt | 19,000,000 | 471,000,000 | ||||||||||||||||
Long-term Debt, Gross | 500,000,000 | 500,000,000 | ||||||||||||||||
Interest Rate | 4.25% | 3.00% | 1.63% | 3.20% | 4.55% | 7.25% | 2.01% | 0.75% | ||||||||||
Payments of long-term debt | $3,904,000,000 | $4,968,000,000 | $1,478,000,000 | ¥ 50,000,000,000 | $1,000,000,000 | $500,000,000 | $1,000,000,000 | $1,000,000,000 | $1,500,000,000 | $500,000,000 | ¥ 25,000,000,000 | $750,000,000 | ¥ 100,000,000,000 |
Shortterm_Borrowings_and_Longt1
Short-term Borrowings and Long-term Debt Schedule of Short-Term Borrowings (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Schedule of Short-Term Borrowings [Abstract] | |||
Maximum amount outstanding at any month-end | $11,581 | $13,318 | $8,740 |
Average daily short-term borrowings | $7,009 | $8,971 | $6,007 |
Weighted-average interest rate | 0.50% | 0.10% | 0.10% |
Shortterm_Borrowings_and_Longt2
Short-term Borrowings and Long-term Debt Schedule of Lines of Credit (Details) (USD $) | Jan. 31, 2015 | Jan. 31, 2014 |
In Millions, unless otherwise specified | ||
Line of Credit Facility [Line Items] | ||
Available | $15,000 | $15,400 |
Five-year credit facility(1) | ||
Line of Credit Facility [Line Items] | ||
Available | 6,000 | 6,000 |
Drawn | 0 | 0 |
Undrawn | 6,000 | 6,000 |
364-day revolving credit facility(2) | ||
Line of Credit Facility [Line Items] | ||
Available | 9,000 | 9,400 |
Drawn | 0 | 0 |
Undrawn | 9,000 | 9,400 |
Drawn amount | ||
Line of Credit Facility [Line Items] | ||
Drawn | 0 | 0 |
Unused lines of Credit [Member] | ||
Line of Credit Facility [Line Items] | ||
Undrawn | $15,000 | $15,400 |
Shortterm_Borrowings_and_Longt3
Short-term Borrowings and Long-term Debt Schedule of Long-Term Debt (Details) (USD $) | Jan. 31, 2015 | Jan. 31, 2014 |
In Millions, unless otherwise specified | ||
Debt Instrument [Line Items] | ||
Long-term Debt | $45,896 | $45,874 |
Long-term Debt, Current Maturities | -4,810 | -4,103 |
Long-term debt | 41,086 | 41,771 |
Fixed | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 36,000 | 35,500 |
Debt Weighted Average Interest Rate Fixed | 4.30% | 4.30% |
Variable | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 500 | 500 |
Debt Weighted Average Interest Rate Variable | 5.40% | 5.40% |
Total U.S. dollar denominated | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 36,500 | 36,000 |
Fixed | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 2,821 | 1,356 |
Debt Weighted Average Interest Rate Fixed | 3.30% | 4.90% |
Variable | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 0 | 0 |
Total Euro denominated | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 2,821 | 1,356 |
Fixed | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 5,271 | 5,770 |
Debt Weighted Average Interest Rate Fixed | 5.30% | 5.30% |
Variable | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 0 | 0 |
Total Sterling denominated | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 5,271 | 5,770 |
Fixed | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 596 | 1,490 |
Debt Weighted Average Interest Rate Fixed | 1.00% | 1.30% |
Variable | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 255 | 457 |
Debt Weighted Average Interest Rate Variable | 0.60% | 0.70% |
Total Yen denominated | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 851 | 1,947 |
Total unsecured debt | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 45,443 | 45,073 |
Total other debt (in USD)(2) | ||
Debt Instrument [Line Items] | ||
Long-term Debt | $453 | $801 |
Shortterm_Borrowings_and_Longt4
Short-term Borrowings and Long-term Debt Schedule of Debt Maturities (Details) (USD $) | Jan. 31, 2015 | Jan. 31, 2014 |
In Millions, unless otherwise specified | ||
Schedule of Short-Term Borrowings [Abstract] | ||
2016 | $4,810 | |
2017 | 2,312 | |
2018 | 1,523 | |
2019 | 3,518 | |
2020 | 514 | |
Thereafter | 33,219 | |
Long-term Debt | $45,896 | $45,874 |
Shortterm_Borrowings_and_Longt5
Short-term Borrowings and Long-term Debt Schedule of 2015 Debt Issuances (Details) | 12 Months Ended | 0 Months Ended | 0 Months Ended | 0 Months Ended | 0 Months Ended | 0 Months Ended | |||||||||||
In Millions, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2015 | Jan. 31, 2014 | Apr. 08, 2014 | Apr. 08, 2014 | Apr. 08, 2014 | Apr. 08, 2014 | Apr. 22, 2014 | Apr. 22, 2014 | Oct. 22, 2014 | Apr. 22, 2014 | Oct. 22, 2014 | Apr. 22, 2014 | Apr. 22, 2014 | Apr. 22, 2014 |
USD ($) | USD ($) | USD ($) | Total unsecured debt | Total unsecured debt | Total unsecured debt | Total unsecured debt | Total unsecured debt | Total unsecured debt | Total unsecured debt | Total unsecured debt | Total unsecured debt | Total unsecured debt | Total unsecured debt | Total unsecured debt | Total unsecured debt | Total unsecured debt | |
USD ($) | USD ($) | 1.900% Debt Issuance, Due 2022 [Domain] | 1.900% Debt Issuance, Due 2022 [Domain] | 2.550% Debt Issuance, Due 2026 [Domain] | 2.550% Debt Issuance, Due 2026 [Domain] | 1.000% Debt Issuance, Due 2017 [Domain] | 1.000% Debt Issuance, Due 2017 [Domain] | 3.300% Debt Issuance, Due 2024 [Domain] | 3.300% Debt Issuance, Due 2024 [Domain] | 3.300% Debt Issuance, Due 2024 [Domain] | 3.300% Debt Issuance, Due 2024 [Domain] | 4.300% Debt Issuance, Due 2044 [Domain} | 4.300% Debt Issuance, Due 2044 [Domain} | ||||
USD ($) | EUR (€) | USD ($) | EUR (€) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | ||||||
Schedule of Fiscal Year 2015 Debt Issuances [Line Items] | |||||||||||||||||
Principal Amount | € 850 | € 650 | $500 | $500 | $1,000 | $1,000 | |||||||||||
Interest Rate | 1.90% | 2.55% | 1.00% | 3.30% | 3.30% | 4.30% | |||||||||||
Proceeds | $5,174 | $7,072 | $211 | $5,030 | $6,700 | $1,161 | $885 | $499 | $508 | $992 | $985 |
Shortterm_Borrowings_and_Longt6
Short-term Borrowings and Long-term Debt Schedule of 2014 Debt Issuances (Details) (USD $) | 12 Months Ended | 0 Months Ended | |||
In Millions, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 | Apr. 11, 2013 | Oct. 02, 2013 |
Schedule of 2014 Debt Issuances [Line Items] | |||||
Proceeds | $5,174 | $7,072 | $211 | ||
Available | 15,000 | 15,400 | |||
Total unsecured debt | |||||
Schedule of 2014 Debt Issuances [Line Items] | |||||
Proceeds | 5,030 | 6,700 | |||
Total unsecured debt | .600% Debt Issuance, Due 2016 [Domain] [Domain] | |||||
Schedule of 2014 Debt Issuances [Line Items] | |||||
Principal Amount | 1,000 | ||||
Interest Rate | 0.60% | ||||
Proceeds | 997 | ||||
Total unsecured debt | 1.130% Debt Issuance, Due 2018 [Domain] | |||||
Schedule of 2014 Debt Issuances [Line Items] | |||||
Principal Amount | 1,250 | ||||
Interest Rate | 1.13% | ||||
Proceeds | 1,244 | ||||
Total unsecured debt | 2.550% Debt Issuance, Due 2023 [Domain] | |||||
Schedule of 2014 Debt Issuances [Line Items] | |||||
Principal Amount | 1,750 | ||||
Interest Rate | 2.55% | ||||
Proceeds | 1,738 | ||||
Total unsecured debt | 4.000% Debt Issuance, Due 2043 [Domain] | |||||
Schedule of 2014 Debt Issuances [Line Items] | |||||
Principal Amount | 1,000 | ||||
Interest Rate | 4.00% | ||||
Proceeds | 988 | ||||
Total unsecured debt | 1.950% Debt Issuance, Due 2018 [Domain] | |||||
Schedule of 2014 Debt Issuances [Line Items] | |||||
Principal Amount | 1,000 | ||||
Interest Rate | 1.95% | ||||
Proceeds | 995 | ||||
Total unsecured debt | 4.750% Debt Issuance, Due 2043 [Domain] | |||||
Schedule of 2014 Debt Issuances [Line Items] | |||||
Principal Amount | 750 | ||||
Interest Rate | 4.75% | ||||
Proceeds | $738 |
Fair_Value_Measurements_Notion
Fair Value Measurements (Notional Amounts And Fair Values Of Interest Rate Swaps) (Details) (Recurring [Member], USD $) | Jan. 31, 2015 | Jan. 31, 2014 |
In Millions, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Notional Amount | $6,334 | $8,211 |
Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | -99 | 719 |
Fair Value Hedging [Member] | Floating-Rate Interest Rate Swaps [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Notional Amount | 500 | 1,000 |
Fair Value Hedging [Member] | Floating-Rate Interest Rate Swaps [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 12 | 5 |
Net Investment Hedging [Member] | Cross-Currency Interest Rate Swaps [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Notional Amount | 1,250 | 1,250 |
Net Investment Hedging [Member] | Cross-Currency Interest Rate Swaps [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 207 | 97 |
Cash Flow Hedging [Member] | Cross-Currency Interest Rate Swaps [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Notional Amount | 4,329 | 3,004 |
Cash Flow Hedging [Member] | Cross-Currency Interest Rate Swaps [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | -317 | 453 |
Cash Flow Hedging [Member] | Fixed-Rate Interest Rate Swaps [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Notional Amount | 255 | 457 |
Cash Flow Hedging [Member] | Fixed-Rate Interest Rate Swaps [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | -1 | -2 |
Cash Flow Hedging [Member] | Forward Starting Interest Rate Swap [Domain] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Notional Amount | 0 | 2,500 |
Cash Flow Hedging [Member] | Forward Starting Interest Rate Swap [Domain] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | $0 | $166 |
Fair_Value_Measurements_Carryi
Fair Value Measurements (Carrying Value And Fair Value Of Long-Term Debt) (Details) (USD $) | Jan. 31, 2015 | Jan. 31, 2014 |
In Millions, unless otherwise specified | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term Debt | $45,896 | $45,874 |
Carrying Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term Debt | 45,896 | 45,874 |
Fair Value | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, including amounts due within one year, Fair Value | $56,237 | $50,757 |
Derivative_Financial_Instrumen2
Derivative Financial Instruments (Narrative) (Details) | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2015 | Jan. 31, 2014 |
USD ($) | USD ($) | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Net Investment Hedging [Member] | Net Investment Hedging [Member] | Net Investment Hedging [Member] | Net Investment Hedging [Member] | |
USD ($) | USD ($) | United Kingdom [Member] | United Kingdom [Member] | JAPAN | JAPAN | |||
GBP (£) | GBP (£) | JPY (¥) | JPY (¥) | |||||
Derivative [Line Items] | ||||||||
Derivative Liability, Collateral, Right to Reclaim Cash, Offset | $323,000,000 | $641,000,000 | ||||||
Threshold of derivative liability position requiring cash collateral | 150,000,000 | |||||||
Debt designated as United Kingdom net investment hedge | 2,500,000,000 | 2,500,000,000 | ||||||
Cash payments received from/(paid to) counterparties | 96,000,000 | -74,000,000 | ||||||
Debt designated as Japanese net investment hedge | ¥ 100,000,000,000 | ¥ 200,000,000,000 |
Derivative_Financial_Instrumen3
Derivative Financial Instruments (Balance Sheet Classification Of Financial Instruments) (Details) (USD $) | Jan. 31, 2015 | Jan. 31, 2014 |
In Millions, unless otherwise specified | ||
Fair Value Hedging [Member] | ||
Derivative [Line Items] | ||
Derivative Assets | $12 | $5 |
Fair Value Hedging [Member] | PrepaidExpensesandandOther [Member] | ||
Derivative [Line Items] | ||
Derivative Assets | 5 | |
Fair Value Hedging [Member] | Other Assets and Deferred Charges [Member] | ||
Derivative [Line Items] | ||
Derivative Assets | 12 | |
Net Investment Hedging [Member] | ||
Derivative [Line Items] | ||
Derivative Assets | 207 | 97 |
Nonderivative Hedging Instruments | 4,616 | 6,068 |
Net Investment Hedging [Member] | Other Assets and Deferred Charges [Member] | ||
Derivative [Line Items] | ||
Derivative Assets | 207 | 97 |
Net Investment Hedging [Member] | LongTermDebtDueWithinOneYear(HedgedItem) [Member] | ||
Derivative [Line Items] | ||
Nonderivative Hedging Instruments | 766 | 973 |
Net Investment Hedging [Member] | Long-term Debt [Member] | ||
Derivative [Line Items] | ||
Nonderivative Hedging Instruments | 3,850 | 5,095 |
Cash Flow Hedging [Member] | ||
Derivative [Line Items] | ||
Derivative Assets | 293 | 619 |
Derivative Liabilities | 611 | 2 |
Cash Flow Hedging [Member] | Other Assets and Deferred Charges [Member] | ||
Derivative [Line Items] | ||
Derivative Assets | 293 | 619 |
Cash Flow Hedging [Member] | Accrued Liabilities [Member] | ||
Derivative [Line Items] | ||
Derivative Liabilities | 1 | 1 |
Cash Flow Hedging [Member] | Deferred Income Taxes and Other [Member] | ||
Derivative [Line Items] | ||
Derivative Liabilities | $610 | $1 |
Taxes_Details
Taxes (Details) (USD $) | 12 Months Ended | |||
Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | |
Taxes [Line Items] | ||||
Undistributed earnings of foreign subsidiaries | $23,300,000,000 | $21,400,000,000 | ||
Operating loss and capital loss carryforwards expiring by 2033 | 2,900,000,000 | |||
Valuation allowances | -1,504,000,000 | -1,801,000,000 | ||
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | -300,000,000 | |||
Unrecognized Tax Benefits | 838,000,000 | 763,000,000 | 818,000,000 | 611,000,000 |
Unrecognized Tax Benefits that Would Impact Effective Tax Rate | 763,000,000 | 698,000,000 | ||
Interest and penalty expense (benefit) related to uncertain tax positions | 18,000,000 | -7,000,000 | 2,000,000 | |
Unrecognized Tax Benefits, Interest on Income Taxes Accrued | 57,000,000 | 40,000,000 | ||
Minimum | ||||
Taxes [Line Items] | ||||
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit | 50,000,000 | |||
Maximum | ||||
Taxes [Line Items] | ||||
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit | 350,000,000 | |||
Operating and capital loss carryforward [Member] | ||||
Taxes [Line Items] | ||||
Operating loss and capital loss carryforwards | 5,600,000,000 | |||
Foreign tax [Member] | ||||
Taxes [Line Items] | ||||
Operating loss and capital loss carryforwards | $2,000,000,000 |
Taxes_Schedule_of_Income_from_
Taxes (Schedule of Income from Continuing Operations) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Taxes [Line Items] | |||
Income (Loss) from Continuing Operations before Income Taxes, Domestic | $18,610 | $19,412 | $19,352 |
Income (Loss) from Continuing Operations before Income Taxes, Foreign | 6,189 | 5,244 | 6,310 |
Income from continuing operations before income taxes | $24,799 | $24,656 | $25,662 |
Taxes_Schedule_of_income_tax_p
Taxes (Schedule of income tax provision) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Taxes [Abstract] | |||
U.S. federal | $6,165 | $6,377 | $5,611 |
U.S. state and local | 810 | 719 | 622 |
International | 1,529 | 1,523 | 1,743 |
Total current tax provision | 8,504 | 8,619 | 7,976 |
U.S. federal | -387 | -72 | 38 |
U.S. state and local | -55 | 37 | -8 |
International | -77 | -479 | -48 |
Total deferred tax expense (benefit) | -519 | -514 | -18 |
Total provision for income taxes | $7,985 | $8,105 | $7,958 |
Taxes_Schedule_of_Income_Tax_R
Taxes (Schedule of Income Tax Rate) (Details) | 12 Months Ended | ||
Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 | |
Taxes [Abstract] | |||
U.S. statutory tax rate | 35.00% | 35.00% | 35.00% |
U.S. state income taxes, net of federal income tax benefit | 1.80% | 2.00% | 1.70% |
Income taxed outside the U.S. | -2.70% | -2.80% | -2.60% |
Net impact of repatriated international earnings | -1.50% | -1.40% | -2.50% |
Other, net | -0.40% | 0.10% | -0.60% |
Effective income tax rate | 32.20% | 32.90% | 31.00% |
Taxes_Schedule_of_Deferred_Tax
Taxes (Schedule of Deferred Tax Balances) (Details) (USD $) | Jan. 31, 2015 | Jan. 31, 2014 |
In Millions, unless otherwise specified | ||
Income Tax Disclosure [Abstract] | ||
Loss and tax credit carryforwards | $3,255 | $3,566 |
Accrued liabilities | 3,395 | 2,986 |
Share-based compensation | 184 | 126 |
Other | 1,119 | 1,573 |
Total deferred tax assets | 7,953 | 8,251 |
Valuation allowances | -1,504 | -1,801 |
Deferred tax assets, net of valuation allowance | 6,449 | 6,450 |
Property and equipment | 5,972 | 6,295 |
Inventories | 1,825 | 1,641 |
Other | 1,618 | 1,827 |
Total deferred tax liabilities | 9,415 | 9,763 |
Net deferred tax liabilities | $2,966 | $3,313 |
Taxes_Schedule_of_Deferred_Tax1
Taxes (Schedule of Deferred Taxes in the Balance Sheet) (Details) (USD $) | Jan. 31, 2015 | Jan. 31, 2014 |
In Millions, unless otherwise specified | ||
ASSETS | ||
Asset subtotals | $6,449 | $6,450 |
Liabilities [Abstract] | ||
Liability subtotals | 2,966 | 3,313 |
Prepaid Expenses and Other Current Assets [Member] | ||
ASSETS | ||
Prepaid expenses and other | 728 | 822 |
Other Assets and Deferred Charges [Member] | ||
ASSETS | ||
Other assets and deferred charges | 1,033 | 1,151 |
Assets [Member] | ||
ASSETS | ||
Asset subtotals | 1,761 | 1,973 |
Accrued Liabilities [Member] | ||
Liabilities [Abstract] | ||
Accrued liabilities | 56 | 176 |
Deferred Income Taxes and Other [Member] | ||
Liabilities [Abstract] | ||
Deferred income taxes and other | 4,671 | 5,110 |
Liabilities, Total [Member] | ||
Liabilities [Abstract] | ||
Liability subtotals | $4,727 | $5,286 |
Taxes_Schedule_of_Tax_Reconcil
Taxes (Schedule of Tax Reconciliation) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Reconciliation of Unrecognized Tax Benefits | |||
Unrecognized tax benefits, beginning of year | $763 | $818 | $611 |
Increases related to prior year tax positions | 7 | 41 | 88 |
Decreases related to prior year tax positions | -17 | -112 | -232 |
Increases related to current year tax positions | 174 | 133 | 431 |
Settlements during the period | -89 | -117 | -80 |
Lapse in statutes of limitations | 0 | 0 | 0 |
Unrecognized tax benefits, end of year | $838 | $763 | $818 |
Contingencies_Details
Contingencies (Details) (USD $) | 0 Months Ended | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 15, 2014 | Nov. 14, 2007 | Oct. 13, 2006 | Jan. 31, 2015 |
Braun Hummel lawsuit | ||||
Loss Contingencies [Line Items] | ||||
Loss contingency, loss in period | $78 | |||
Litigation settlement, gross | $249 | $188 | ||
Rate of post-judgment interest accrual | 6.00% | |||
Asda equal value lawsuit | ||||
Loss Contingencies [Line Items] | ||||
Loss Contingency, New Claims Filed, Number | 4,000 |
Contingencies_Schedule_of_FCPA1
Contingencies Schedule of FCPA expenses (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Foreign Corrupt Practices Act Expenses [Line Items] | |||
Foreign corrupt practices act related expenses | $173 | $282 | $157 |
Compliance programs and organizational enhancements | |||
Foreign Corrupt Practices Act Expenses [Line Items] | |||
Foreign corrupt practices act related expenses | 52 | 109 | 57 |
Inquiry and investigation expense | |||
Foreign Corrupt Practices Act Expenses [Line Items] | |||
Foreign corrupt practices act related expenses | $121 | $173 | $100 |
Commitments_Details
Commitments (Details) (USD $) | 12 Months Ended | ||
Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 | |
Aggregate minimum rentals under non-cancelable leases [Line Items] | |||
Operating leases, rent expense | $2,800,000,000 | $2,800,000,000 | $2,600,000,000 |
Potential future lease commitments for land and buildings, number of future locations | 282 | ||
Operating leases, rent expense, contingent rentals | 58,000,000 | ||
Potential aggregate termination payment | $64,000,000 | ||
Minimum | |||
Aggregate minimum rentals under non-cancelable leases [Line Items] | |||
Commitment on lease years | 1 | ||
Maximum | |||
Aggregate minimum rentals under non-cancelable leases [Line Items] | |||
Commitment on lease years | 30 |
Commitments_Aggregate_minimum_
Commitments Aggregate minimum rentals under non-cancelable leases (Details) (USD $) | Jan. 31, 2015 |
In Millions, unless otherwise specified | |
Commitments Disclosure [Abstract] | |
Operating Leases, Future Minimum Payments Due, Next Twelve Months | $1,759 |
Capital Leases, Future Minimum Payments Due, Next Twelve Months | 504 |
Operating Leases, Future Minimum Payments, Due in Two Years | 1,615 |
Capital Leases, Future Minimum Payments Due in Two Years | 476 |
Operating Leases, Future Minimum Payments, Due in Three Years | 1,482 |
Capital Leases, Future Minimum Payments Due in Three Years | 444 |
Operating Leases, Future Minimum Payments, Due in Four Years | 1,354 |
Capital Leases, Future Minimum Payments Due in Four Years | 408 |
Operating Leases, Future Minimum Payments, Due in Five Years | 1,236 |
Capital Leases, Future Minimum Payments Due in Five Years | 370 |
Operating Leases, Future Minimum Payments, Due Thereafter | 10,464 |
Capital Leases, Future Minimum Payments Due Thereafter | 3,252 |
Operating Leases, Future Minimum Payments Due | 17,910 |
Capital Leases, Future Minimum Payments Due | 5,454 |
Capital Leases, Future Minimum Payments, Executory Costs | 49 |
Capital Leases, Future Minimum Payments, Present Value of Net Minimum Payments | 5,405 |
Capital Leases, Future Minimum Payments, Interest Included in Payments | 2,512 |
Present Value of Minimum Lease Payments | $2,893 |
RetirementRelated_Benefits_Sch
Retirement-Related Benefits Schedule of Compensation Expense (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Contribution expense from retirement plans [Line Items] | |||
Total Contribution Expense for Defined Contribution and Benefit Plans | $1,070 | $1,062 | $1,010 |
Domestic Defined Contribution Pension [Domain] | |||
Contribution expense from retirement plans [Line Items] | |||
Defined Contribution Plan, Cost Recognized | 898 | 877 | 818 |
Foreign Defined Contribution Pension [Domain] | |||
Contribution expense from retirement plans [Line Items] | |||
Defined Contribution Plan, Cost Recognized | 167 | 165 | 166 |
Foreign Pension Plan [Member] | |||
Contribution expense from retirement plans [Line Items] | |||
Defined Benefit Plan, Contributions by Employer | $5 | $20 | $26 |
RetirementRelated_Benefits_Det
Retirement-Related Benefits (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 |
Contribution expense from retirement plans [Line Items] | ||
Defined Contribution Plan, Employer Matching Contribution, Percent of Match | 100.00% | |
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 6.00% | |
Vesting Percentage Of Matching Contribution To Eligible Associates | 100.00% | |
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 50.00% | |
Minimum Age Limit Of Participant To Defer Additional Earnings In Catch Up Contributions | 50 | |
JAPAN | Deferred Income Taxes and Other [Member] | ||
Contribution expense from retirement plans [Line Items] | ||
Pension and Other Postretirement Defined Benefit Plans, Liabilities, Noncurrent | 223 | $281 |
United Kingdom [Member] | Deferred Income Taxes and Other [Member] | ||
Contribution expense from retirement plans [Line Items] | ||
Pension and Other Postretirement Defined Benefit Plans, Liabilities, Noncurrent | 85 | $69 |
Acquisitions_Disposals_and_Rel1
Acquisitions, Disposals, and Related Items Acquisitions, Disposals, and Related Items (Details) (USD $) | 12 Months Ended | ||
Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 | |
Redemption value adjustment of redeemable noncontrolling interest | $1,019,000,000 | ||
Redemption Value of Redeemable Noncontrolling Interest | 1,500,000,000 | ||
Proceeds from the disposal of certain operations | 671,000,000 | 0 | 0 |
Gain (Loss) on Disposition of Business | $262,000,000 | ||
Walmart Chile Ownership Percentage [Member] | |||
Sale of Stock, Percentage of Ownership after Transaction | 99.70% |
Segment_Reporting_Information_
Segment Reporting Information (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, unless otherwise specified | Jan. 31, 2015 | Oct. 31, 2014 | Jul. 31, 2014 | Apr. 30, 2014 | Jan. 31, 2014 | Oct. 31, 2013 | Jul. 31, 2013 | Apr. 30, 2013 | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Segment Reporting Information [Line Items] | |||||||||||
Net sales | $130,650 | $118,076 | $119,336 | $114,167 | $128,786 | $114,876 | $116,101 | $113,313 | $482,229 | $473,076 | $465,604 |
Operating Income (Loss) | 27,147 | 26,872 | 27,725 | ||||||||
Interest Income (Expense), Net | -2,348 | -2,216 | -2,063 | ||||||||
Income from continuing operations before income taxes | 24,799 | 24,656 | 25,662 | ||||||||
Total assets | 203,706 | 204,751 | 203,706 | 204,751 | 203,105 | ||||||
Depreciation and amortization | 9,173 | 8,870 | 8,478 | ||||||||
Capital expenditures | 12,174 | 13,115 | 12,898 | ||||||||
Walmart U.S. | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 288,049 | 279,406 | 274,433 | ||||||||
Operating Income (Loss) | 21,336 | 21,787 | 21,103 | ||||||||
Total assets | 101,381 | 98,745 | 101,381 | 98,745 | 96,234 | ||||||
Depreciation and amortization | 2,665 | 2,640 | 2,644 | ||||||||
Capital expenditures | 6,286 | 6,378 | 5,994 | ||||||||
Walmart International | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 136,160 | 136,513 | 134,748 | ||||||||
Operating Income (Loss) | 6,171 | 5,153 | 6,365 | ||||||||
Total assets | 80,505 | 85,370 | 80,505 | 85,370 | 85,695 | ||||||
Depreciation and amortization | 2,665 | 2,658 | 2,605 | ||||||||
Capital expenditures | 3,936 | 4,463 | 4,640 | ||||||||
Sam's Club | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 58,020 | 57,157 | 56,423 | ||||||||
Operating Income (Loss) | 1,976 | 1,843 | 1,859 | ||||||||
Total assets | 13,995 | 14,053 | 13,995 | 14,053 | 13,479 | ||||||
Depreciation and amortization | 473 | 437 | 410 | ||||||||
Capital expenditures | 753 | 1,071 | 868 | ||||||||
Corporate and support | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Net sales | 0 | 0 | 0 | ||||||||
Operating Income (Loss) | -2,336 | -1,911 | -1,602 | ||||||||
Total assets | 7,825 | 6,583 | 7,825 | 6,583 | 7,697 | ||||||
Depreciation and amortization | 3,370 | 3,135 | 2,819 | ||||||||
Capital expenditures | $1,199 | $1,203 | $1,396 |
Revenues_and_LongLived_Assets_
Revenues and Long-Lived Assets (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, unless otherwise specified | Jan. 31, 2015 | Oct. 31, 2014 | Jul. 31, 2014 | Apr. 30, 2014 | Jan. 31, 2014 | Oct. 31, 2013 | Jul. 31, 2013 | Apr. 30, 2013 | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Segment Reporting Information [Line Items] | |||||||||||
Total revenues | $131,565 | $119,001 | $120,125 | $114,960 | $129,706 | $115,688 | $116,829 | $114,071 | $485,651 | $476,294 | $468,651 |
Long-Lived Assets | 116,655 | 117,907 | 116,655 | 117,907 | 116,681 | ||||||
United States | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Total revenues | 348,227 | 338,681 | 332,788 | ||||||||
Long-Lived Assets | 80,879 | 79,644 | 80,879 | 79,644 | 77,692 | ||||||
Walmart International | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Total revenues | 137,424 | 137,613 | 135,863 | ||||||||
Long-Lived Assets | $35,776 | $38,263 | $35,776 | $38,263 | $38,989 |
Subsequent_Event_Details
Subsequent Event (Details) (USD $) | 12 Months Ended | 0 Months Ended | ||
Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 | Feb. 19, 2015 | |
Subsequent Event [Line Items] | ||||
Dividends declared per common share | $1.92 | $1.88 | $1.59 | |
Subsequent event | ||||
Subsequent Event [Line Items] | ||||
Dividends declared per common share | $1.96 | |||
Common stock, quarterly dividends, per share, declared | $0.49 |
Quarterly_Financial_Data_unaud2
Quarterly Financial Data (unaudited) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, except Per Share data, unless otherwise specified | Jan. 31, 2015 | Oct. 31, 2014 | Jul. 31, 2014 | Apr. 30, 2014 | Jan. 31, 2014 | Oct. 31, 2013 | Jul. 31, 2013 | Apr. 30, 2013 | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Quarterly Financial Information Disclosure [Abstract] | |||||||||||
Total revenues | $131,565 | $119,001 | $120,125 | $114,960 | $129,706 | $115,688 | $116,829 | $114,071 | $485,651 | $476,294 | $468,651 |
Net sales | 130,650 | 118,076 | 119,336 | 114,167 | 128,786 | 114,876 | 116,101 | 113,313 | 482,229 | 473,076 | 465,604 |
Cost of sales | 99,115 | 89,247 | 90,010 | 86,714 | 97,971 | 86,687 | 87,420 | 85,991 | 365,086 | 358,069 | 352,297 |
Income from continuing operations | 5,188 | 3,826 | 4,089 | 3,711 | 4,544 | 3,870 | 4,205 | 3,932 | 16,814 | 16,551 | 17,704 |
Consolidated net income | 5,188 | 3,826 | 4,359 | 3,726 | 4,650 | 3,885 | 4,216 | 3,944 | 17,099 | 16,695 | 17,756 |
Consolidated net income attributable to Walmart | $4,966 | $3,711 | $4,093 | $3,593 | $4,431 | $3,738 | $4,069 | $3,784 | $16,363 | $16,022 | $16,999 |
Basic income per common share from continuing operations attributable to Walmart | $1.54 | $1.15 | $1.22 | $1.10 | $1.35 | $1.14 | $1.24 | $1.14 | $5.01 | $4.87 | $5.03 |
Basic income per common share from discontinued operations attributable to Walmart | $0 | $0 | $0.05 | $0.01 | $0.02 | $0.01 | $0 | $0.01 | $0.06 | $0.03 | $0.01 |
Earnings per share, basic | $1.54 | $1.15 | $1.27 | $1.11 | $1.37 | $1.15 | $1.24 | $1.15 | $5.07 | $4.90 | $5.04 |
Diluted income per common share from continuing operations attributable to Walmart | $1.53 | $1.15 | $1.21 | $1.10 | $1.34 | $1.14 | $1.23 | $1.14 | $4.99 | $4.85 | $5.01 |
Diluted income per common share from discontinued operations attributable to Walmart | $0 | $0 | $0.05 | $0.01 | $0.02 | $0 | $0.01 | $0 | $0.06 | $0.03 | $0.01 |
Earnings per share, diluted | $1.53 | $1.15 | $1.26 | $1.11 | $1.36 | $1.14 | $1.24 | $1.14 | $5.05 | $4.88 | $5.02 |