Cover Page
Cover Page - USD ($) | 12 Months Ended | ||
Jan. 31, 2022 | Mar. 16, 2022 | Jul. 30, 2021 | |
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Jan. 31, 2022 | ||
Current Fiscal Year End Date | --01-31 | ||
Document Transition Report | false | ||
Entity File Number | 001-06991 | ||
Entity Registrant Name | WALMART INC. | ||
Entity Incorporation, State or Country Code | DE | ||
Entity Tax Identification Number | 71-0415188 | ||
Entity Address, Address Line One | 702 S.W. 8th Street | ||
Entity Address, Postal Zip Code | 72716 | ||
Entity Address, City or Town | Bentonville, | ||
Entity Address, State or Province | AR | ||
City Area Code | 479 | ||
Local Phone Number | 273-4000 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | false | ||
Auditor Attestation Flag | true | ||
Entity Shell Company | false | ||
Entity Public Float | $ 206,032,159,403 | ||
Entity Common Stock, Shares Outstanding | 2,751,779,629 | ||
Documents Incorporated by Reference | Document Parts Into Which Incorporated Portions of the registrant's Proxy Statement for the Annual Meeting of Shareholders to be held June 1, 2022 (the "Proxy Statement") Part III | ||
Entity Central Index Key | 0000104169 | ||
Document Fiscal Year Focus | 2022 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false | ||
Common Stock, par value $0.10 per share [Member] | |||
Title of 12(b) Security | Common Stock, par value $0.10 per share | ||
Trading Symbol | WMT | ||
Security Exchange Name | NYSE | ||
1.900% Notes Due 2022 [Member] | |||
Title of 12(b) Security | 1.900% Notes Due 2022 | ||
Trading Symbol | WMT22 | ||
Security Exchange Name | NYSE | ||
2.550% Notes Due 2026 [Member] | |||
Title of 12(b) Security | 2.550% Notes Due 2026 | ||
Trading Symbol | WMT26 | ||
Security Exchange Name | NYSE |
Audit Information
Audit Information | 12 Months Ended |
Jan. 31, 2022 | |
Auditor [Line Items] | |
Auditor Location | Rogers, Arkansas |
Auditor Firm ID | 42 |
Auditor Name | Ernst & Young LLP |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions | 12 Months Ended | ||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | |
Revenues: | |||
Net sales | $ 567,762 | $ 555,233 | $ 519,926 |
Membership and other income | 4,992 | 3,918 | 4,038 |
Total revenues | 572,754 | 559,151 | 523,964 |
Costs and expenses: | |||
Cost of sales | 429,000 | 420,315 | 394,605 |
Operating, selling, general and administrative expenses | 117,812 | 116,288 | 108,791 |
Operating income | 25,942 | 22,548 | 20,568 |
Interest: | |||
Debt | 1,674 | 1,976 | 2,262 |
Finance lease | 320 | 339 | 337 |
Interest income | (158) | (121) | (189) |
Interest, net | 1,836 | 2,194 | 2,410 |
Loss on extinguishment of debt | 2,410 | 0 | 0 |
Other (gains) and losses | 3,000 | (210) | (1,958) |
Income before income taxes | 18,696 | 20,564 | 20,116 |
Provision for income taxes | 4,756 | 6,858 | 4,915 |
Consolidated net income | 13,940 | 13,706 | 15,201 |
Consolidated net income attributable to noncontrolling interest | (267) | (196) | (320) |
Consolidated net income attributable to Walmart | $ 13,673 | $ 13,510 | $ 14,881 |
Net income per common share: | |||
Basic net income per common share attributable to Walmart (in USD per share) | $ 4.90 | $ 4.77 | $ 5.22 |
Diluted net income per common share attributable to Walmart (in USD per share) | $ 4.87 | $ 4.75 | $ 5.19 |
Weighted-average common shares outstanding: | |||
Basic (in shares) | 2,792 | 2,831 | 2,850 |
Diluted (in shares) | 2,805 | 2,847 | 2,868 |
Dividends declared per common share (in USD per share) | $ 2.20 | $ 2.16 | $ 2.12 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Millions | 12 Months Ended | ||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | |
Statement of Comprehensive Income [Abstract] | |||
Consolidated net income | $ 13,940 | $ 13,706 | $ 15,201 |
Consolidated net income attributable to noncontrolling interest | (267) | (196) | (320) |
Consolidated net income attributable to Walmart | 13,673 | 13,510 | 14,881 |
Other comprehensive income (loss), net of income taxes | |||
Currency translation and other | 2,442 | 842 | 286 |
Net investment hedges | (1,202) | (221) | 122 |
Cash flow hedges | (444) | 235 | (399) |
Minimum pension liability | 1,974 | (30) | (1,244) |
Other comprehensive income (loss), net of income taxes | 2,770 | 826 | (1,235) |
Other comprehensive (income) loss attributable to noncontrolling interest | 230 | 213 | (28) |
Other comprehensive income (loss) attributable to Walmart | 3,000 | 1,039 | (1,263) |
Comprehensive income, net of income taxes | 16,710 | 14,532 | 13,966 |
Comprehensive (income) loss attributable to noncontrolling interest | (37) | 17 | (348) |
Comprehensive income attributable to Walmart | $ 16,673 | $ 14,549 | $ 13,618 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Millions | Jan. 31, 2022 | Jan. 31, 2021 |
Current assets: | ||
Cash and cash equivalents | $ 14,760 | $ 17,741 |
Receivables, net | 8,280 | 6,516 |
Inventories | 56,511 | 44,949 |
Prepaid expenses and other | 1,519 | 20,861 |
Total current assets | 81,070 | 90,067 |
Property and equipment, net | 94,515 | 92,201 |
Operating lease right-of-use assets | 13,758 | 13,642 |
Finance lease right-of-use assets, net | 4,351 | 4,005 |
Goodwill | 29,014 | 28,983 |
Other long-term assets | 22,152 | 23,598 |
Total assets | 244,860 | 252,496 |
Current liabilities: | ||
Short-term borrowings | 410 | 224 |
Accounts payable | 55,261 | 49,141 |
Accrued liabilities | 26,060 | 37,966 |
Accrued income taxes | 851 | 242 |
Long-term debt due within one year | 2,803 | 3,115 |
Operating lease obligations due within one year | 1,483 | 1,466 |
Finance lease obligations due within one year | 511 | 491 |
Total current liabilities | 87,379 | 92,645 |
Long-term debt | 34,864 | 41,194 |
Long-term operating lease obligations | 13,009 | 12,909 |
Long-term finance lease obligations | 4,243 | 3,847 |
Deferred income taxes and other | 13,474 | 14,370 |
Commitments and contingencies | ||
Equity: | ||
Common stock | 276 | 282 |
Capital in excess of par value | 4,839 | 3,646 |
Retained earnings | 86,904 | 88,763 |
Accumulated other comprehensive loss | (8,766) | (11,766) |
Total Walmart shareholders' equity | 83,253 | 80,925 |
Noncontrolling interest | 8,638 | 6,606 |
Total equity | 91,891 | 87,531 |
Total liabilities and equity | $ 244,860 | $ 252,496 |
Consolidated Statements Of Shar
Consolidated Statements Of Shareholders' Equity - USD ($) shares in Millions, $ in Millions | Total | Cumulative Effect, Period of Adoption, Adjustment [Member] | Common Stock [Member] | Capital in excess of par value [Member] | Retained earnings [Member] | Retained earnings [Member]Cumulative Effect, Period of Adoption, Adjustment [Member] | Accumulated other comprehensive income (loss) [Member] | Total Walmart shareholders' equity [Member] | Total Walmart shareholders' equity [Member]Cumulative Effect, Period of Adoption, Adjustment [Member] | Noncontrolling interest [Member] | Noncontrolling interest [Member]Cumulative Effect, Period of Adoption, Adjustment [Member] |
Beginning balances (in shares) at Jan. 31, 2019 | 2,878 | ||||||||||
Beginning balances at Jan. 31, 2019 | $ 79,634 | $ (300) | $ 288 | $ 2,965 | $ 80,785 | $ (266) | $ (11,542) | $ 72,496 | $ (266) | $ 7,138 | $ (34) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||
Consolidated net income | 15,201 | 14,881 | 14,881 | 320 | |||||||
Other comprehensive income (loss), net of income taxes | (1,235) | (1,263) | (1,263) | 28 | |||||||
Cash dividends declared | (6,048) | (6,048) | (6,048) | ||||||||
Purchase of Company stock (in shares) | (53) | ||||||||||
Purchase of Company stock | (5,639) | $ (5) | (199) | (5,435) | (5,639) | ||||||
Sale of subsidiary stock | (475) | (475) | |||||||||
Sale of subsidiary stock | 52 | 37 | 37 | 15 | |||||||
Other (in shares) | 7 | ||||||||||
Other | 362 | $ 1 | 444 | 26 | 471 | (109) | |||||
Ending balances (in shares) at Jan. 31, 2020 | 2,832 | ||||||||||
Ending balances at Jan. 31, 2020 | $ 81,552 | $ 284 | 3,247 | 83,943 | (12,805) | 74,669 | 6,883 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||
Dividends declared per common share (in USD per share) | $ 2.12 | ||||||||||
Consolidated net income | $ 13,706 | 13,510 | 13,510 | 196 | |||||||
Other comprehensive income (loss), net of income taxes | 826 | 1,039 | 1,039 | (213) | |||||||
Cash dividends declared | (6,116) | (6,116) | (6,116) | ||||||||
Purchase of Company stock (in shares) | (20) | ||||||||||
Purchase of Company stock | (2,658) | $ (2) | (97) | (2,559) | (2,658) | ||||||
Sale of subsidiary stock | (365) | (365) | |||||||||
Sale of subsidiary stock | 140 | 29 | 29 | 111 | |||||||
Other (in shares) | 9 | ||||||||||
Other | 446 | 467 | (15) | 452 | (6) | ||||||
Ending balances (in shares) at Jan. 31, 2021 | 2,821 | ||||||||||
Ending balances at Jan. 31, 2021 | $ 87,531 | $ 282 | 3,646 | 88,763 | (11,766) | 80,925 | 6,606 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||
Dividends declared per common share (in USD per share) | $ 2.16 | ||||||||||
Consolidated net income | $ 13,940 | 13,673 | 13,673 | 267 | |||||||
Other comprehensive income (loss), net of income taxes | 2,770 | 3,000 | 3,000 | (230) | |||||||
Cash dividends declared | (6,152) | (6,152) | (6,152) | ||||||||
Purchase of Company stock (in shares) | (70) | ||||||||||
Purchase of Company stock | (9,808) | $ (7) | (426) | (9,375) | (9,808) | ||||||
Sale of subsidiary stock | (416) | (416) | |||||||||
Sale of subsidiary stock | 3,239 | 952 | 952 | 2,287 | |||||||
Other (in shares) | 10 | ||||||||||
Other | 787 | $ 1 | 667 | (5) | 663 | 124 | |||||
Ending balances (in shares) at Jan. 31, 2022 | 2,761 | ||||||||||
Ending balances at Jan. 31, 2022 | $ 91,891 | $ 276 | $ 4,839 | $ 86,904 | $ (8,766) | $ 83,253 | $ 8,638 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||
Dividends declared per common share (in USD per share) | $ 2.20 |
Consolidated Statements Of Sh_2
Consolidated Statements Of Shareholders' Equity (Parenthetical) - $ / shares | 12 Months Ended | ||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | |
Statement of Stockholders' Equity [Abstract] | |||
Cash dividends declared (in USD per share) | $ 2.20 | $ 2.16 | $ 2.12 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Millions | 12 Months Ended | ||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | |
Cash flows from operating activities: | |||
Consolidated net income | $ 13,940 | $ 13,706 | $ 15,201 |
Adjustments to reconcile consolidated net income to net cash provided by operating activities: | |||
Depreciation and amortization | 10,658 | 11,152 | 10,987 |
Net unrealized and realized (gains) and losses | 2,440 | (8,589) | (1,886) |
Losses on disposal of business operations | 433 | 8,401 | 15 |
Asda pension contribution | 0 | 0 | (1,036) |
Deferred income taxes | (755) | 1,911 | 320 |
Loss on extinguishment of debt | 2,410 | 0 | 0 |
Other operating activities | 1,652 | 1,521 | 1,981 |
Changes in certain assets and liabilities, net of effects of acquisitions and dispositions: | |||
Receivables, net | (1,796) | (1,086) | 154 |
Inventories | (11,764) | (2,395) | (300) |
Accounts payable | 5,520 | 6,966 | (274) |
Accrued liabilities | 1,404 | 4,623 | 186 |
Accrued income taxes | 39 | (136) | (93) |
Net cash provided by operating activities | 24,181 | 36,074 | 25,255 |
Cash flows from investing activities: | |||
Payments for property and equipment | (13,106) | (10,264) | (10,705) |
Proceeds from the disposal of property and equipment | 394 | 215 | 321 |
Proceeds from disposal of certain operations, net of divested cash | 7,935 | 56 | 833 |
Payments for business acquisitions, net of cash acquired | (359) | (180) | (56) |
Other investing activities | (879) | 102 | 479 |
Net cash used in investing activities | (6,015) | (10,071) | (9,128) |
Cash flows from financing activities: | |||
Net change in short-term borrowings | 193 | (324) | (4,656) |
Proceeds from issuance of long-term debt | 6,945 | 0 | 5,492 |
Repayments of long-term debt | (13,010) | (5,382) | (1,907) |
Premiums paid to extinguish debt | (2,317) | 0 | 0 |
Dividends paid | (6,152) | (6,116) | (6,048) |
Purchase of Company stock | (9,787) | (2,625) | (5,717) |
Dividends paid to noncontrolling interest | (424) | (434) | (555) |
Sale of subsidiary stock | 3,239 | 140 | 52 |
Other financing activities | (1,515) | (1,376) | (960) |
Net cash used in financing activities | (22,828) | (16,117) | (14,299) |
Effect of exchange rates on cash, cash equivalents and restricted cash | (140) | 235 | (69) |
Net increase (decrease) in cash, cash equivalents and restricted cash | (4,802) | 10,121 | 1,759 |
Change in cash and cash equivalents reclassified from (to) assets held for sale | 1,848 | (1,848) | 0 |
Cash, cash equivalents and restricted cash at beginning of year | 17,788 | 9,515 | 7,756 |
Cash, cash equivalents and restricted cash at end of year | 14,834 | 17,788 | 9,515 |
Supplemental disclosure of cash flow information: | |||
Income taxes paid | 5,918 | 5,271 | 3,616 |
Interest paid | $ 2,237 | $ 2,216 | $ 2,464 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Jan. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies General Walmart Inc. ("Walmart" or the "Company") helps people around the world save money and live better – anytime and anywhere – by providing the opportunity to shop in both retail stores and through eCommerce. Through innovation, the Company is striving to continuously improve a customer-centric experience that seamlessly integrates eCommerce and retail stores in an omni-channel offering that saves time for its customers. 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, 2022 ("fiscal 2022"), January 31, 2021 ("fiscal 2021") and January 31, 2020 ("fiscal 2020"). Intercompany accounts and transactions have been eliminated in consolidation. Certain previously reported amounts have been reclassified to conform to the current year presentation. The Company consolidates variable interest entities where it has been determined that the Company is the primary beneficiary of those entities' operations. Investments for which the Company exercises significant influence but does not have control are accounted for under the equity method. These variable interest entities and equity method 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 the month of January 2022 related to the operations consolidated using a lag 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 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 $1.7 billion and $4.1 billion as of January 31, 2022 and 2021, respectively. The Company's cash balances are held in various locations around the world. Of the Company's $14.8 billion and $17.7 billion in cash and cash equivalents as of January 31, 2022 and January 31, 2021, approximately 50% and 40% were held outside of the U.S., respectively. Cash and cash equivalents held outside of the U.S. are 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. As of January 31, 2022 and 2021, cash and cash equivalents of approximately $4.3 billion and $2.8 billion, respectively, may not be freely transferable to the U.S. due to local laws or other restrictions. Of the $4.3 billion as of January 31, 2022, approximately $2.2 billion can only be accessed through dividends or intercompany financing arrangements subject to approval of Flipkart Private Limited ("Flipkart") minority shareholders. Receivables Receivables are stated at their carrying values, net of a reserve for doubtful accounts, and are primarily due from the following: customers, which includes pharmacy insurance companies as well as advertisers, and banks for customer credit, debit cards and electronic transfer transactions that take in excess of seven days to process; suppliers for marketing or incentive programs; governments for income taxes; and real estate transactions. As of January 31, 2022 and January 31, 2021, net receivables from transactions with customers were $3.4 billion and $2.7 billion, respectively. 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 the Walmart U.S. segment's inventories. The inventory for the Walmart International segment is generally valued in most markets 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 using the weighted-average cost LIFO method. As of January 31, 2022 and 2021, inventories valued at LIFO approximated those inventories as if they were valued at first-in, first-out ("FIFO"). Held for Sale Components and businesses that meet accounting requirements to be classified as held for sale are presented as single asset and liability amounts in the Company's financial statements with a valuation allowance, if necessary, to recognize the net carrying amount at the lower of cost or fair value, less costs to sell. The Company reviews its businesses and assets held for sale each reporting period to determine whether the existing carrying amounts are fully recoverable in comparison to estimated fair values. As of January 31, 2022, assets and liabilities held for sale were immaterial. As of January 31, 2021, $19.2 billion assets held for sale and $12.7 billion liabilities held for sale were classified in prepaid expenses and other and accrued liabilities in the Consolidated Balance Sheets, respectively, reflecting the Company's operations in the U.K. and Japan classified as held for sale which subsequently closed during fiscal 2022. Refer to Note 12 for additional details. Property and Equipment Property and equipment are initially recorded 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 expensed 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: As of January 31, (Amounts in millions) Estimated Useful Lives 2022 2021 Land N/A $ 19,204 $ 19,308 Buildings and improvements 3 - 40 years 100,376 97,582 Fixtures and equipment 1 - 30 years 60,282 56,639 Transportation equipment 3 - 15 years 2,263 2,301 Construction in progress N/A 7,199 4,741 Property and equipment 189,324 180,571 Accumulated depreciation (94,809) (88,370) Property and equipment, net $ 94,515 $ 92,201 Leasehold improvements are depreciated or amortized over the shorter of the estimated useful life of the asset or the remaining expected lease term. Total depreciation and amortization expense for property and equipment, property under finance leases and intangible assets for fiscal 2022, 2021 and 2020 was $10.7 billion, $11.2 billion and $11.0 billion, respectively. Leases For any new or modified lease, the Company, at the inception of the contract, determines whether a contract is or contains a lease. The Company records right-of-use ("ROU") assets and lease obligations for its finance and operating leases, which are initially recognized based on the discounted future lease payments over the term of the lease. If the rate implicit in the Company's leases is not easily determinable, the Company's applicable incremental borrowing rate is used in calculating the present value of the sum of the lease payments. Lease term is defined as the non-cancelable period of the lease plus any options to extend or terminate the lease when it is reasonably certain that the Company will exercise the option. The Company has elected not to recognize ROU asset and lease obligations for its short-term leases, which are defined as leases with an initial term of 12 months or less. For a majority of all classes of underlying assets, the Company has elected to not separate lease from non-lease components. For leases in which the lease and non-lease components have been combined, the variable lease expense includes expenses such as common area maintenance, utilities, and repairs and maintenance. Impairment of Long-Lived Assets 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. 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. 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 typically assigned to the reporting unit which consolidates the acquisition. Components within the same reportable segment are aggregated and deemed a single reporting unit if the components have similar economic characteristics. As of January 31, 2022, the Company's reporting units consisted of Walmart U.S., Walmart International and Sam's Club. 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. Management has performed its evaluation and determined the fair value of each reporting unit is significantly 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 2022 and 2021: (Amounts in millions) Walmart U.S. Walmart Sam's Club Total Balances as of February 1, 2020 $ 2,593 $ 28,167 $ 313 $ 31,073 Changes in currency translation and other — 10 — 10 Acquisitions 103 — 8 111 Amounts reclassified related to operations held for sale (1) — (2,211) — (2,211) Balances as of January 31, 2021 2,696 25,966 321 28,983 Changes in currency translation and other — (415) — (415) Acquisitions 245 201 — 446 Balances as of January 31, 2022 $ 2,941 $ 25,752 $ 321 $ 29,014 (1) Represents goodwill associated with operations in the U.K. and Japan which were classified as held for sale as of January 31, 2021. Refer to Note 12 . Intangible assets are recorded in other long-term assets in the Company's Consolidated Balance Sheets. As of January 31, 2022 and 2021, the Company had $4.8 billion and $4.9 billion, respectively, in indefinite-lived intangible assets which primarily consists of acquired trade names. There were no significant impairment charges related to intangible assets for fiscal 2022 or 2021. During fiscal 2020, the Company incurred approximately $0.7 billion in impairment charges related to its intangible assets. Refer to Note 8 for additional information. Fair Value Measurement 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 orderly 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. Refer to Note 8 for more information. Investments Investments in equity and debt securities are recorded in other long-term assets in the Consolidated Balance Sheets. Changes in fair value of equity securities measured on a recurring basis are recognized in other gains and losses in the Consolidated Statements of Income. Refer to Note 8 for details. Equity investments without readily determinable fair values are carried at cost and adjusted for any observable price changes or impairments within other gains and losses in the Consolidated Statements of Income. Investments in debt securities classified as trading are reported at fair value with interest income recorded in interest income in the Consolidated Statements of Income. As of January 31, 2022, the Company had $1.0 billion in debt securities classified as trading. Indemnification Liabilities The Company has provided certain indemnifications in connection with its divestitures and has recorded indemnification liabilities equal to the estimated fair value of the obligations upon inception. As of January 31, 2022 and January 31, 2021, the Company had $0.7 billion and $0.6 billion, respectively, of certain legal and tax indemnification liabilities recorded within deferred income taxes and other in the Consolidated Balance Sheets. The maximum amount of potential future payments under these indemnities was $3.5 billion, based on exchange rates as of January 31, 2022. Self Insurance Reserves The Company self-insures a number of risks, including, but not limited to, workers' compensation, general liability, auto liability, product liability and certain employee-related healthcare benefits. Standard actuarial procedures and data analysis are used to estimate the liabilities associated with these risks on an undiscounted basis. The recorded liabilities reflect the ultimate cost for claims incurred but not paid and any estimable administrative run-out expenses related to the processing of these outstanding claim payments. On a regular basis, the liabilities are evaluated for appropriateness with claims reserve valuations. To limit exposure to some risks, the Company maintains insurance coverage with varying limits and retentions, including stop-loss insurance coverage for workers' compensation, general liability and auto liability. Derivatives The Company uses derivatives for hedging 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 derivatives in hedging programs subjects the Company to certain risks, such as market and credit risks. The Company may be exposed to credit-related losses in the event of nonperformance by its counterparties to derivatives. Credit risk is monitored through established approval procedures, including setting concentration limits by counterparty, reviewing credit ratings and requiring collateral from the counterparty. The Company enters into derivatives with counterparties rated generally "A-" or better by nationally recognized credit rating agencies. The Company is subject to master netting arrangements which provides set-off and close-out netting of exposures with counterparties, but the Company does not offset derivative assets and liabilities in its Consolidated Balance Sheets. The Company's collateral arrangements require the counterparty in a net liability position in excess of pre-determined thresholds, after considering the effects of netting arrangements, to pledge cash collateral. Cash collateral received from counterparties and cash collateral provided to counterparties under these arrangements was not significant as of January 31, 2022 and 2021. In order to qualify for hedge accounting, at the inception of the hedging relationship, the Company formally documents its risk management objective and strategy for undertaking the hedging transaction, as well as its designation of the hedge. If a derivative is recorded using hedge accounting, depending on the nature of the hedge, derivative gains and losses are recorded through the same financial statement line item in earnings or are recognized in accumulated other comprehensive loss until the hedged item is recognized in earnings. Derivatives 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. Derivatives 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 derivatives with an unrealized loss are recorded as either current or non-current liabilities, based on maturity date. Refer to Note 8 for the presentation of the Company's derivative assets and liabilities. Fair Value Hedges 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. All interest rate swaps designated as fair value hedges of the related long-term debt meet the shortcut method requirements under U.S. GAAP. Accordingly, changes in the fair values of these interest rate swaps are considered to exactly offset changes in the fair value of the underlying long-term debt. These derivatives will mature on dates ranging from April 2023 to September 2031. Cash Flow Hedges The Company is a party to receive fixed-rate, pay fixed-rate cross currency interest rate swaps used to hedge the currency exposure associated with the forecasted payments of principal and interest of certain non-U.S. denominated debt. The Company records changes in the fair value of these swaps in accumulated other comprehensive loss which is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. These derivatives will mature on dates ranging from April 2022 to January 2039. Net Investment Hedges Prior to the divestiture of the Company's operations in the United Kingdom and Japan as discussed in Note 12 , the Company was a party to receive fixed-rate, pay fixed-rate cross currency interest rate swaps used to hedge the currency exposure associated with net investments of these foreign operations. Changes in fair value attributable to the hedged risk were recorded in accumulated other comprehensive loss. The Company also previously designated certain foreign currency denominated long-term debt as a hedge of currency exposure associated with the net investment of these divested operations and recorded foreign currency gain or loss associated with designated long-term debt in accumulated other comprehensive loss. Upon closing of the sale of the Company's operations in the U.K. and Japan during the first quarter of fiscal 2022, these amounts were released from accumulated other comprehensive loss as discussed in Note 4 . As of January 31, 2021, the Company had $3.3 billion of outstanding long-term debt designated as net investment hedges. 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 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 Net Sales The Company recognizes sales revenue, net of sales taxes and estimated sales returns, at the time it sells merchandise or services to the customer. eCommerce sales include shipping revenue and are recorded upon delivery to the customer. Estimated sales returns are calculated based on expected returns. 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. Membership fee revenue was $2.2 billion for fiscal 2022, $1.7 billion for fiscal 2021 and $1.5 billion for fiscal 2020, respectively. Membership fee revenue is included in membership and other income in the Company's Consolidated Statements of Income. Deferred membership fee revenue is included in accrued liabilities in the Company's Consolidated Balance Sheets. Gift Cards Customer purchases of gift cards are not recognized as sales until the card is redeemed and the customer purchases merchandise using the gift card. Gift cards in the U.S. and some countries do not carry an expiration date; therefore, customers and members can redeem their gift cards for merchandise and services indefinitely. Gift cards in some countries where the Company does business have expiration dates. While gift cards are generally redeemed within 12 months, a certain number of gift cards, both with and without expiration dates, will not be fully redeemed. Management estimates unredeemed balances and recognizes revenue for these amounts in membership and other income in the Company's Consolidated Statements of Income over the expected redemption period. 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, except in certain limited situations when the payment is a reimbursement of specific, incremental and identifiable costs, and are recognized in the Company's Consolidated Statements of Income when the related inventory is sold. 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 only includes a portion 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, consist primarily of digital, television and print advertisements and are recorded in operating, selling, general and administrative expenses in the Company's Consolidated Statements of Income. Advertising costs were $3.9 billion, $3.2 billion and $3.7 billion for fiscal 2022, 2021 and 2020, 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 loss. The Company's Consolidated Statements of Income 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. |
Net Income Per Common Share
Net Income Per Common Share | 12 Months Ended |
Jan. 31, 2022 | |
Earnings Per Share [Abstract] | |
Net Income Per Common Share | Net Income Per Common Share Basic net income per common share attributable to Walmart is based on the weighted-average common shares outstanding during the relevant period. Diluted net income per common share 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 net income per common share attributable to Walmart for fiscal 2022, 2021 and 2020. The following table provides a reconciliation of the numerators and denominators used to determine basic and diluted net income per common share attributable to Walmart: Fiscal Years Ended January 31, (Amounts in millions, except per share data) 2022 2021 2020 Numerator Consolidated net income $ 13,940 $ 13,706 $ 15,201 Consolidated net income attributable to noncontrolling interest (267) (196) (320) Consolidated net income attributable to Walmart $ 13,673 $ 13,510 $ 14,881 Denominator Weighted-average common shares outstanding, basic 2,792 2,831 2,850 Dilutive impact of stock options and other share-based awards 13 16 18 Weighted-average common shares outstanding, diluted 2,805 2,847 2,868 Net income per common share attributable to Walmart Basic $ 4.90 $ 4.77 $ 5.22 Diluted 4.87 4.75 5.19 |
Shareholders' Equity
Shareholders' Equity | 12 Months Ended |
Jan. 31, 2022 | |
Equity [Abstract] | |
Shareholders' Equity | Shareholders' Equity The total authorized shares of $0.10 par value common stock is 11.0 billion, of which 2.8 billion were issued and outstanding as of January 31, 2022 and 2021. Sale of Subsidiary Stock During fiscal 2022, the Company received $3.2 billion primarily related to a new equity funding for the Company's majority-owned Flipkart subsidiary, which reduced the Company's ownership from approximately 83% as of January 31, 2021 to approximately 75%. Share-Based Compensation The Company has awarded share-based compensation to associates and nonemployee directors of the Company. The compensation expense recognized for all stock incentive plans, including expense associated with plans of the Company's consolidated subsidiaries granted in the subsidiaries' respective stock, was $1.2 billion, $1.2 billion and $0.9 billion for fiscal 2022, 2021 and 2020, respectively. Share-based compensation expense is generally 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 $0.3 billion, $0.3 billion and $0.2 billion for fiscal 2022, 2021 and 2020, respectively. The following table summarizes the Company's share-based compensation expense by award type for all plans: Fiscal Years Ended January 31, (Amounts in millions) 2022 2021 2020 Restricted stock units $ 659 $ 742 $ 553 Restricted stock and performance-based restricted stock units 321 277 270 Other 183 150 31 Share-based compensation expense $ 1,163 $ 1,169 $ 854 The Walmart Inc. Stock Incentive Plan of 2015 (the "Plan"), as subsequently amended and restated, was established to grant stock options, restricted (non-vested) stock, restricted stock units, performance share units and other equity compensation awards for which 260 million shares of Walmart common stock issued or to be issued under the Plan have been registered under the Securities Act of 1933. 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 Units. Restricted stock units provide rights to Company stock after a specified service period. Beginning in fiscal 2020, restricted stock units generally vest at a rate of 25% each year over a four • Restricted Stock and Performance-based Restricted Stock Units. Restricted stock awards are for shares that vest based on the passage of time and include restrictions related to employment. Performance-based restricted stock units vest based on the passage of time and achievement of performance criteria and generally range from 0% to 150% of the original award amount. Vesting periods for these awards are generally between one In addition to the Plan, Flipkart has certain share-based compensation plans for associates under which options to acquire Flipkart common shares may be issued. Share-based compensation expense associated with these plans is included in the Other line in the table above. The following table shows the activity for restricted stock units and restricted stock and performance-based restricted stock units during fiscal 2022: Restricted Stock Units Restricted Stock and (Shares in thousands) Shares Weighted-Average Grant-Date Fair Value Per Share Shares Weighted-Average Grant-Date Fair Value Per Share Outstanding as of February 1, 2021 19,900 $ 92.13 5,413 $ 108.72 Granted 8,219 131.90 3,057 135.48 Adjustment for performance achievement (1) — — 920 107.67 Vested/exercised (8,051) 85.21 (2,614) 100.30 Forfeited (2,785) 110.65 (636) 110.95 Outstanding as of January 31, 2022 17,283 $ 111.42 6,140 $ 125.25 (1) Represents the adjustment to previously granted performance share units for performance achievement. The following table includes additional information related to restricted stock units and restricted stock and performance-based restricted stock units: Fiscal Years Ended January 31, (Amounts in millions, except years) 2022 2021 2020 Fair value of restricted stock units vested $ 703 $ 597 $ 442 Fair value of restricted stock and performance-based restricted stock units vested 264 275 365 Unrecognized compensation cost for restricted stock units 1,102 1,062 1,096 Unrecognized compensation cost for restricted stock and performance-based restricted stock units 417 344 326 Weighted average remaining period to expense for restricted stock units (years) 1.2 1.1 1.3 Weighted average remaining period to expense for restricted stock and performance-based restricted stock units (years) 1.5 1.4 1.4 Share Repurchase Program From time to time, the Company repurchases shares of its common stock under share repurchase programs authorized by the Company's Board of Directors. All repurchases made prior to February 22, 2021 were made under the plan in effect at the beginning of fiscal 2022. On February 18, 2021, the Board of Directors approved a new $20.0 billion share repurchase program which has no expiration date or other restrictions limiting the period over which the Company can make repurchases, and beginning February 22, 2021, replaced the previous share repurchase program. Any repurchased shares are constructively retired and returned to an unissued status. The Company regularly reviews share repurchase activity and considers several factors in determining when to execute share repurchases, including, among other things, current cash needs, capacity for leverage, cost of borrowings, results of operations and the market price of the Company's common stock. The following table provides, on a settlement date basis, the number of shares repurchased, average price paid per share and total amount paid for share repurchases for fiscal 2022, 2021 and 2020: Fiscal Years Ended January 31, (Amounts in millions, except per share data) 2022 2021 2020 Total number of shares repurchased 69.7 19.4 53.9 Average price paid per share $ 140.45 $ 135.20 $ 105.98 Total cash paid for share repurchases $ 9,787 $ 2,625 $ 5,717 |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Loss | 12 Months Ended |
Jan. 31, 2022 | |
Other Comprehensive Income (Loss), Tax [Abstract] | |
Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive LossThe following table provides the changes in the composition of total accumulated other comprehensive loss for fiscal 2022, 2021 and 2020: (Amounts in millions and net of immaterial income taxes) Currency Net Investment Hedges Cash Flow Hedges Minimum Total Balances as of February 1, 2019 $ (12,085) $ 1,395 $ (140) $ (712) $ (11,542) Other comprehensive income (loss) before reclassifications, net (1) 281 122 (399) (1,283) (1,279) Reclassifications to income, net (23) — — 39 16 Balances as of January 31, 2020 (11,827) 1,517 (539) (1,956) (12,805) Other comprehensive income (loss) before reclassifications, net 214 (221) 186 (172) 7 Reclassifications to income, net (2) 841 — 49 142 1,032 Balances as of January 31, 2021 (10,772) 1,296 (304) (1,986) (11,766) Other comprehensive loss before reclassifications, net (586) (7) (540) — (1,133) Reclassifications related to business dispositions, net (3) 3,258 (1,195) 30 1,966 4,059 Reclassifications to income, net — — 66 8 74 Balances as of January 31, 2022 $ (8,100) $ 94 $ (748) $ (12) $ (8,766) (1) Primarily includes the remeasurement of Asda Group Limited's ("Asda") pension benefit obligation subsequent to the cash contribution made by Asda in fiscal 2020. Refer to Note 11 . (2) Includes a cumulative foreign currency translation loss of $0.8 billion, for which there was no related income taxes, upon sale of the majority stake in Walmart Argentina. Refer to Note 12 . (3) Upon closing of the sale of the Company's operations in the U.K. and Japan during the first quarter of fiscal 2022, these amounts were released from accumulated other comprehensive loss, the majority of which was considered in the impairment evaluation when the individual disposal groups met the held for sale classification in fiscal 2021. |
Accrued Liabilities
Accrued Liabilities | 12 Months Ended |
Jan. 31, 2022 | |
Accrued Liabilities [Abstract] | |
Accrued Liabilities | Accrued Liabilities The Company's accrued liabilities consist of the following as of January 31, 2022 and 2021: January 31, (Amounts in millions) 2022 2021 Accrued wages and benefits (1) 7,908 7,654 Self-insurance (2) 4,652 4,698 Accrued non-income taxes (3) 3,247 3,328 Deferred gift card revenue 2,559 2,310 Liabilities held for sale (4) 21 12,734 Other (5) 7,673 7,242 Total accrued liabilities $ 26,060 $ 37,966 (1) Accrued wages and benefits include accrued wages, salaries, vacation, bonuses and other incentive plans. (2) Self-insurance consists of insurance-related liabilities, such as workers' compensation, general liability, auto liability, product liability and certain employee-related healthcare benefits. (3) Accrued non-income taxes include accrued payroll, property, value-added, sales and miscellaneous other taxes. (4) Liabilities held for sale as of January 31, 2021 relate to the Company's operations in Japan and the U.K. classified as held for sale. See Note 12 . (5) Other accrued liabilities includes items such as deferred membership revenue, interest, advertising, maintenance & utilities, and supply chain. |
Short-term Borrowings and Long-
Short-term Borrowings and Long-term Debt | 12 Months Ended |
Jan. 31, 2022 | |
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 as of January 31, 2022 and 2021 were $0.4 billion and $0.2 billion, respectively, with weighted-average interest rates of 2.9% and 1.9%, respectively. The Company has various committed lines of credit in the U.S. to support its commercial paper program and are summarized in the following table: January 31, 2022 January 31, 2021 (Amounts in millions) Available Drawn Undrawn Available Drawn Undrawn Five (1) $ 5,000 $ — $ 5,000 $ 5,000 $ — $ 5,000 364-day revolving credit facility (1) 10,000 — 10,000 10,000 — 10,000 Total $ 15,000 $ — $ 15,000 $ 15,000 $ — $ 15,000 (1) In April 2021, the Company renewed and extended its existing 364-day revolving credit facility as well as its five The committed lines of credit in the table above mature in April 2022 and April 2026, carry interest rates of LIBOR plus 50 basis points, and incur commitment fees ranging between 1.5 and 4.0 basis points. In conjunction with the committed 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. Additionally, the Company has syndicated and fronted letters of credit available which totaled $1.8 billion as of January 31, 2022 and 2021, of which $1.7 billion and $1.8 billion was drawn as of January 31, 2022 and 2021, respectively. The Company's long-term debt, which includes the fair value instruments further discussed in Note 8 , consists of the following as of January 31, 2022 and 2021: January 31, 2022 January 31, 2021 (Amounts in millions) Maturity Dates Amount Average Rate (1) Amount Average Rate (1) Unsecured debt Fixed 2023 - 2052 $ 29,957 3.5% $ 35,216 3.9% Variable — 750 0.5% Total U.S. dollar denominated 29,957 35,966 Fixed 2023 - 2030 2,787 3.3% 3,034 3.3% Variable — — Total Euro denominated 2,787 3,034 Fixed 2031 - 2039 3,601 5.4% 3,682 5.4% Variable — — Total Sterling denominated 3,601 3,682 Fixed 2023 - 2028 1,475 0.3% 1,624 0.3% Variable — — Total Yen denominated 1,475 1,624 Total unsecured debt 37,820 44,306 Total other (2) (153) 3 Total debt 37,667 44,309 Less amounts due within one year (2,803) (3,115) Long-term debt $ 34,864 $ 41,194 (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. (2) Includes deferred loan costs, discounts, fair value hedges, foreign-held debt and secured debt. Annual maturities of long-term debt during the next five years and thereafter are as follows: (Amounts in millions) Annual Fiscal Year Maturities 2023 $ 2,803 2024 4,224 2025 3,565 2026 857 2027 2,757 Thereafter 23,461 Total $ 37,667 Debt Issuances Information on significant long-term debt issued during fiscal 2022, for general corporate purposes and certain eligible green investment initiatives, is as follows: (Amounts in millions) Issue Date Principal Amount Maturity Date Fixed vs. Floating Interest Rate Net Proceeds September 17, 2021 $1,250 September 17, 2026 Fixed 1.050% $ 1,243 September 22, 2021 $1,250 September 22, 2028 Fixed 1.500% 1,244 September 22, 2021 (1) $2,000 September 22, 2031 Fixed 1.800% 1,981 September 22, 2021 $1,000 September 22, 2041 Fixed 2.500% 994 September 22, 2021 $1,500 September 22, 2051 Fixed 2.650% 1,483 Total $ 6,945 (1) Represents a green bond issuance for which an amount equal to the net proceeds is intended to fund certain eligible green investment initiatives through the maturity date of the bond. These issuances are senior, unsecured notes which rank equally with all other senior, unsecured debt obligations of the Company, and are not convertible or exchangeable. These issuances do not contain any financial covenants which restrict the Company's ability to pay dividends or repurchase company stock. There were no long-term debt issuances in fiscal 2021. Maturities and Extinguishments The following table provides details of debt repayments during fiscal 2022: (Amounts in millions) Maturity Date Principal Amount Fixed vs. Floating Interest Rate Repayment April 15, 2021 $510 Fixed 4.250% $ 510 June 23, 2021 $750 Floating Floating 750 June 23, 2021 $1,750 Fixed 3.125% 1,750 Total repayment of matured debt 3,010 June 26, 2023 $2,750 Fixed 3.400% 470 October 15, 2023 $152 Fixed 6.750% 2 July 8, 2024 $1,500 Fixed 2.850% 510 December 15, 2024 $1,000 Fixed 2.650% 370 June 26, 2025 $1,500 Fixed 3.550% 625 July 8, 2026 $1,250 Fixed 3.050% 451 April 5, 2027 $483 Fixed 5.875% 110 June 26, 2028 $2,750 Fixed 3.700% 1,271 July 8, 2029 $1,250 Fixed 3.250% 517 September 24, 2029 $500 Fixed 2.375% 181 February 15, 2030 $588 Fixed 7.550% 119 September 1, 2035 $1,968 Fixed 5.250% 635 August 15, 2037 $1,300 Fixed 6.500% 262 April 15, 2038 $919 Fixed 6.200% 116 June 28, 2038 $1,500 Fixed 3.950% 925 April 1, 2040 $751 Fixed 5.625% 142 July 8, 2040 $378 Fixed 4.875% 101 October 25, 2040 $519 Fixed 5.000% 125 April 15, 2041 $918 Fixed 5.625% 305 April 11, 2043 $709 Fixed 4.000% 296 October 2, 2043 $269 Fixed 4.750% 38 April 22, 2044 $502 Fixed 4.300% 172 December 15, 2047 $1,000 Fixed 3.625% 566 June 29, 2048 $3,000 Fixed 4.050% 1,317 September 24, 2049 $1,000 Fixed 2.950% 371 Total repayment of extinguished debt (1) 10,000 Total $ 13,010 (1) Represents portion of the outstanding principal amount which was repaid during fiscal 2022. Individual repayment amounts may not sum due to rounding. The Company recorded a $2.4 billion loss on extinguishment of debt during fiscal 2022, which included payment of $2.3 billion in early extinguishment premiums. The following table provides details of debt repayments during fiscal 2021: (Amounts in millions) Maturity Date Principal Amount Fixed vs. Floating Interest Rate Repayment June 23, 2020 $750 Floating Floating $ 750 June 23, 2020 $1,250 Fixed 2.850% 1,250 July 8, 2020 $840 Fixed 3.630% 840 July 28, 2020 ¥10,000 Fixed 1.600% 95 October 25, 2020 $1,197 Fixed 3.250% 1,197 December 15, 2020 $1,250 Fixed 1.900% 1,250 Total repayment of matured debt $ 5,382 |
Leases
Leases | 12 Months Ended |
Jan. 31, 2022 | |
Leases [Abstract] | |
Leases | Leases The Company leases certain retail locations, distribution and fulfillment centers, warehouses, office spaces, land and equipment throughout the U.S. and internationally. The Company's lease costs recognized in the Consolidated Statement of Income consist of the following: Fiscal years ended January 31, (Amounts in millions) 2022 2021 2020 Operating lease cost $ 2,274 $ 2,626 $ 2,670 Finance lease cost: Amortization of right-of-use assets 565 583 480 Interest on lease obligations 232 298 306 Variable lease cost 823 777 691 Other lease information is as follows: Fiscal years ended January 31, (Amounts in millions) 2022 2021 2020 Cash paid for amounts included in measurement of lease obligations: Operating cash flows from operating leases $ 2,234 2,629 2,614 Operating cash flows from finance leases 225 286 278 Financing cash flows from finance leases 538 546 485 Assets obtained in exchange for operating lease obligations 1,816 2,131 2,151 Assets obtained in exchange for finance lease obligations 1,044 1,547 1,081 As of January 31, 2022 2021 Weighted-average remaining lease term - operating leases 12.2 years 12.5 years Weighted-average remaining lease term - finance leases 13.4 years 13.7 years Weighted-average discount rate - operating leases 5.9% 6.1% Weighted-average discount rate - finance leases 6.5% 6.8% The aggregate annual lease obligations at January 31, 2022, are as follows: (Amounts in millions) Fiscal Year Operating Leases Finance Leases 2023 $ 2,164 $ 736 2024 2,040 675 2025 1,876 611 2026 1,713 555 2027 1,551 482 Thereafter 11,322 4,987 Total undiscounted lease obligations 20,666 8,046 Less imputed interest (6,174) (3,292) Net lease obligations $ 14,492 $ 4,754 |
Leases | Leases The Company leases certain retail locations, distribution and fulfillment centers, warehouses, office spaces, land and equipment throughout the U.S. and internationally. The Company's lease costs recognized in the Consolidated Statement of Income consist of the following: Fiscal years ended January 31, (Amounts in millions) 2022 2021 2020 Operating lease cost $ 2,274 $ 2,626 $ 2,670 Finance lease cost: Amortization of right-of-use assets 565 583 480 Interest on lease obligations 232 298 306 Variable lease cost 823 777 691 Other lease information is as follows: Fiscal years ended January 31, (Amounts in millions) 2022 2021 2020 Cash paid for amounts included in measurement of lease obligations: Operating cash flows from operating leases $ 2,234 2,629 2,614 Operating cash flows from finance leases 225 286 278 Financing cash flows from finance leases 538 546 485 Assets obtained in exchange for operating lease obligations 1,816 2,131 2,151 Assets obtained in exchange for finance lease obligations 1,044 1,547 1,081 As of January 31, 2022 2021 Weighted-average remaining lease term - operating leases 12.2 years 12.5 years Weighted-average remaining lease term - finance leases 13.4 years 13.7 years Weighted-average discount rate - operating leases 5.9% 6.1% Weighted-average discount rate - finance leases 6.5% 6.8% The aggregate annual lease obligations at January 31, 2022, are as follows: (Amounts in millions) Fiscal Year Operating Leases Finance Leases 2023 $ 2,164 $ 736 2024 2,040 675 2025 1,876 611 2026 1,713 555 2027 1,551 482 Thereafter 11,322 4,987 Total undiscounted lease obligations 20,666 8,046 Less imputed interest (6,174) (3,292) Net lease obligations $ 14,492 $ 4,754 |
Fair Value Measurements
Fair Value Measurements | 12 Months Ended |
Jan. 31, 2022 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | Fair Value Measurements 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. As described in Note 1 , the Company measures the fair value of certain equity investments on a recurring basis in the accompanying Consolidated Balance Sheets. The fair values of the Company's equity investments measured on a recurring basis are as follows: (Amounts in millions) Fair Value as of January 31, 2022 Fair Value as of January 31, 2021 Equity investments measured using Level 1 inputs $ 6,069 $ 6,517 Equity investments measured using Level 2 inputs 5,819 7,905 Total $ 11,888 $ 14,422 Derivatives The Company also has derivatives recorded at fair value. Derivative 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, 2022 and January 31, 2021, the notional amounts and fair values of these derivatives were as follows: January 31, 2022 January 31, 2021 (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 $ 8,021 $ (47) (1) $ 3,250 $ 166 (2) Receive fixed-rate, pay fixed-rate cross-currency swaps designated as net investment hedges — — 1,250 311 (2) Receive fixed-rate, pay fixed-rate cross-currency swaps designated as cash flow hedges 7,855 (1,048) (1) 5,073 (394) (1) Total $ 15,876 $ (1,095) $ 9,573 $ 83 (1) Primarily classified in deferred income taxes and other in the Company's Consolidated Balance Sheets. (2) Primarily classified in other long-term assets in the Company's Consolidated Balance Sheets. 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. Upon completing the sales of Asda in February 2021 and Seiyu in March 2021, the Company recorded incremental non-recurring impairment charges of $0.4 billion in the first quarter of fiscal 2022 within other gains and losses in the Consolidated Statements of Income. Refer to Note 12 . The Company did not have other material assets or liabilities resulting in nonrecurring fair value measurements as of January 31, 2022. For the fiscal year ended January 31, 2021, the Company's operations in Argentina, Japan and the U.K. met the held for sale criteria in fiscal 2021, as further discussed in Note 12 . As a result, the individual disposal groups were measured at fair value, less costs to sell, which is considered a Level 3 fair value measurement based on each transaction's expected consideration. The carrying value of the Argentina, Japan and U.K. disposal groups exceeded their fair value, less costs to sell, and as a result, the Company recognized non-recurring impairment charges. The aggregate pre-tax loss of $8.3 billion associated with the divestiture of these operations in the Walmart International segment was recorded in other gains and losses in the Consolidated Statements of Income for the year ended January 31, 2021 and included these impairment charges as well as a $2.3 billion charge related to the Asda pension plan. These impairment charges included the anticipated release of non-cash cumulative foreign currency translation losses associated with the disposal groups. Other impairment charges for assets measured at fair value on a nonrecurring basis during fiscal 2021 were immaterial. For the fiscal year ended January 31, 2020, the Company recorded impairment charges related to assets measured at fair value on a non-recurring basis primarily related to the following: • in the Walmart U.S. segment, $0.5 billion in impairment charges for impaired assets consisting primarily of trade names and acquired developed software due to strategic decisions that resulted in the write-down of certain eCommerce assets; and • in the Walmart International segment, $0.4 billion in impairment charges consisting primarily of the write-off of the carrying value of one of Flipkart's two fashion trade names, Jabong.com, as a result of a strategic decision to focus on the Myntra.com fashion platform. These impairment charges were classified in operating, selling, general and administrative expenses in the Company's Consolidated Statements of Income. Other impairment charges for assets measured at fair value on a nonrecurring basis during fiscal 2020 were immaterial. Other Fair Value Disclosures The Company records cash and cash equivalents, restricted cash 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, 2022 and 2021, are as follows: January 31, 2022 January 31, 2021 (Amounts in millions) Carrying Value Fair Value Carrying Value Fair Value Long-term debt, including amounts due within one year $ 37,667 $ 42,381 $ 44,309 $ 54,240 |
Taxes
Taxes | 12 Months Ended |
Jan. 31, 2022 | |
Income Tax Disclosure [Abstract] | |
Taxes | Taxes The components of income before income taxes are as follows: Fiscal Years Ended January 31, (Amounts in millions) 2022 2021 2020 U.S. $ 15,536 $ 18,068 $ 15,019 Non-U.S. 3,160 2,496 5,097 Total income before income taxes $ 18,696 $ 20,564 $ 20,116 A summary of the provision for income taxes is as follows: Fiscal Years Ended January 31, (Amounts in millions) 2022 2021 2020 Current: U.S. federal $ 3,313 $ 2,991 $ 2,794 U.S. state and local 649 742 587 International 1,553 1,127 1,205 Total current tax provision 5,515 4,860 4,586 Deferred: U.S. federal (671) 2,316 663 U.S. state and local 41 23 35 International (129) (341) (369) Total deferred tax expense (benefit) (759) 1,998 329 Total provision for income taxes $ 4,756 $ 6,858 $ 4,915 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 pre-tax income from continuing operations is as follows: Fiscal Years Ended January 31, 2022 2021 2020 U.S. statutory tax rate 21.0 % 21.0 % 21.0 % U.S. state income taxes, net of federal income tax benefit 2.8 % 2.9 % 2.2 % Income taxed outside the U.S. (1.5) % (0.1) % (1.0) % Disposal and wind-down of certain business operations 0.5 % 7.1 % — % Valuation allowance 4.4 % 2.3 % 2.3 % Net impact of repatriated international earnings (0.3) % (0.4) % 0.4 % Federal tax credits (1.1) % (0.9) % (0.8) % Enacted change in tax laws — % — % (1.9) % Change in reserve for tax contingencies 0.2 % 0.8 % 2.5 % Other, net (0.6) % 0.6 % (0.3) % Effective income tax rate 25.4 % 33.3 % 24.4 % The following sections regarding deferred taxes, unremitted earnings, net operating losses, tax credit carryforwards, valuation allowances and uncertain tax positions exclude amounts related to operations classified as held for sale. Deferred Taxes The significant components of the Company's deferred tax account balances are as follows: January 31, (Amounts in millions) 2022 2021 Deferred tax assets: Loss and tax credit carryforwards $ 9,456 $ 9,179 Accrued liabilities 2,752 2,582 Share-based compensation 231 224 Lease obligations 4,320 4,450 Other 893 589 Total deferred tax assets 17,652 17,024 Valuation allowances (9,542) (8,782) Deferred tax assets, net of valuation allowances 8,110 8,242 Deferred tax liabilities: Property and equipment 4,414 4,802 Acquired intangibles 1,065 1,071 Inventory 1,588 1,235 Lease right of use assets 4,355 4,390 Mark-to-market investments 1,825 2,678 Other 307 675 Total deferred tax liabilities 13,554 14,851 Net deferred tax liabilities $ 5,444 $ 6,609 The deferred taxes noted above are classified as follows in the Company's Consolidated Balance Sheets: January 31, (Amounts in millions) 2022 2021 Balance Sheet classification Assets: Other long-term assets $ 1,473 $ 1,836 Liabilities: Deferred income taxes and other 6,917 8,445 Net deferred tax liabilities $ 5,444 $ 6,609 Unremitted Earnings Prior to the Tax Cuts and Jobs Act of 2017 (the "Tax Act"), the Company asserted that all unremitted earnings of its foreign subsidiaries were considered indefinitely reinvested. As a result of the Tax Act, the Company reported and paid U.S. tax on the majority of its previously unremitted foreign earnings, and repatriations of foreign earnings will generally be free of U.S. federal tax, but may incur other taxes such as withholding or state taxes. As of January 31, 2022, the Company has not recorded approximately $3 billion of deferred tax liabilities associated with remaining unremitted foreign earnings considered indefinitely reinvested, for which U.S. and foreign income and withholding taxes would be due upon repatriation. Net Operating Losses, Tax Credit Carryforwards and Valuation Allowances As of January 31, 2022, the Company's net operating loss and capital loss carryforwards totaled approximately $39.3 billion. Of these carryforwards, approximately $26.6 billion will expire, if not utilized, in various years through 2042. The remaining carryforwards have no expiration. 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 the Company does not consider it more likely than not that a deferred tax asset will be recovered, a valuation allowance is generally established. To the extent that a valuation allowance was established and it is subsequently determined that it is more likely than not that the deferred tax assets will be recovered, the change in the valuation allowance is recognized in the Consolidated Statements of Income. The Company had valuation allowances of $9.5 billion and $8.8 billion as of January 31, 2022 and 2021, respectively, on deferred tax assets associated primarily with the net operating loss carryforwards. Activity in the valuation allowance during fiscal 2022 related to valuation allowance builds in multiple markets, as well as releases due to the expiration of underlying deferred tax assets. 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, 2022 and 2021, the amount of gross unrecognized tax benefits related to continuing operations was $3.2 billion and $3.1 billion, respectively. The amount of unrecognized tax benefits that would affect the Company's effective income tax rate was $1.8 billion and $1.7 billion as of January 31, 2022 and 2021, respectively. A reconciliation of gross unrecognized tax benefits from continuing operations is as follows: Fiscal Years Ended January 31, (Amounts in millions) 2022 2021 2020 Gross unrecognized tax benefits, beginning of year $ 3,135 $ 1,817 $ 1,305 Increases related to prior year tax positions 170 92 516 Decreases related to prior year tax positions (97) (264) (15) Increases related to current year tax positions 75 1,582 66 Settlements during the period (5) (64) (29) Lapse in statutes of limitations (33) (28) (26) Gross unrecognized tax benefits, end of year $ 3,245 $ 3,135 $ 1,817 The Company classifies interest and penalties related to uncertain tax benefits as interest expense and as operating, selling, general and administrative expenses, respectively. Interest expense and penalties related to these positions were immaterial for fiscal 2022, 2021 and 2020. During the next twelve months, it is reasonably possible that tax audit resolutions could reduce unrecognized tax benefits by an immaterial amount, 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 material impact to its Consolidated Financial Statements. The Company remains subject to income tax examinations for its U.S. federal income taxes generally for fiscal 2014, and 2018 through 2022. The Company also remains subject to income tax examinations for international income taxes for fiscal 2013 through 2022, and for U.S. state and local income taxes generally for the fiscal years ended 2013 through 2022. With few exceptions, the Company is no longer subject to U.S. federal, state, local, or foreign examinations by tax authorities for years before fiscal 2013. Other Taxes The Company is subject to tax examinations for value added, sales-based, payroll and other non-income taxes. A number of these examinations are ongoing in various jurisdictions. In certain cases, the Company has received assessments and judgments from the respective taxing authorities in connection with these examinations. Unless otherwise indicated, the possible losses or range of possible losses associated with these matters are individually immaterial, but 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, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
Contingencies | Contingencies Legal Proceedings The Company is involved in a number of legal proceedings and certain regulatory matters. 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 and its shareholders. Unless stated otherwise, the 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 position, results of operations or cash flows. Opioids Litigation In December 2017, the United States Judicial Panel on Multidistrict Litigation consolidated numerous lawsuits filed against a wide array of defendants by various plaintiffs, including counties, cities, healthcare providers, Native American tribes, individuals, and third-party payers, asserting claims generally concerning the impacts of widespread opioid abuse. The consolidated multidistrict litigation is entitled In re National Prescription Opiate Litigation (MDL No. 2804) (the "MDL") and is pending in the U.S. District Court for the Northern District of Ohio. The Company is named as a defendant in some of the cases included in this multidistrict litigation. The liability phase of a trial in one of the MDL cases began on October 4, 2021 against a number of parties, including the Company, regarding opioid dispensing claims. On November 23, 2021, the jury found in favor of the plaintiffs as to the liability of all defendants, including the Company. The abatement phase of the trial, which will determine amounts owed by the defendants, is currently scheduled to begin on May 10, 2022. The Company intends to appeal the jury verdict from the liability phase upon completion of the abatement phase of the trial. Similar cases that name the Company have also been filed in state courts by state, local and tribal governments, health care providers and other plaintiffs. Plaintiffs are seeking compensatory and punitive damages, as well as injunctive relief including abatement. The Company cannot predict the number of such claims that may be filed, but believes it has substantial factual and legal defenses to these claims, and intends to defend the claims vigorously. The Company has also been responding to subpoenas, information requests and investigations from governmental entities related to nationwide controlled substance dispensing and distribution practices involving opioids. On October 22, 2020, the Company filed a declaratory judgment action in the U.S. District Court for the Eastern District of Texas against the U.S. Department of Justice (the "DOJ") and the U.S. Drug Enforcement Administration, asking a federal court to clarify the roles and responsibilities of pharmacists and pharmacies as to the dispensing and distribution of opioids under the Controlled Substances Act (the "CSA"). The Company's action was dismissed. The Company had appealed this decision to the Fifth Circuit. On December 22, 2021, the Fifth Circuit affirmed the dismissal of the action. On December 22, 2020, the DOJ filed a civil complaint in the U.S. District Court for the District of Delaware alleging that the Company unlawfully dispensed controlled substances from its pharmacies and unlawfully distributed controlled substances to those pharmacies. The complaint alleges that this conduct resulted in violations of the CSA. The DOJ is seeking civil penalties and injunctive relief. The Company filed a motion to dismiss the DOJ complaint on February 22, 2021. The DOJ filed its opposition brief on April 23, 2021 and the Company filed its reply brief on May 24, 2021. On November 19, 2021, the District Court stayed further proceedings in the DOJ complaint pending the decision of the United States Supreme Court in two consolidated cases (not involving Walmart) interpreting the CSA. In addition, the Company is the subject of two securities class actions alleging violations of the federal securities laws regarding the Company's disclosures with respect to opioids, filed in the U.S. District Court for the District of Delaware on January 20, 2021 and March 5, 2021 purportedly on behalf of a class of investors who acquired Walmart stock from March 30, 2016 through December 22, 2020. Those cases have been consolidated. On October 8, 2021, the defendants filed a motion to dismiss the consolidated securities action; the lead plaintiff responded to the motion on January 10, 2022; and the defendants filed their reply brief on February 10, 2022. Derivative actions were also filed by two of the Company's shareholders in the U.S. District Court for the District of Delaware on February 9, 2021 and April 16, 2021 alleging breach of fiduciary duties against certain of its current and former directors with respect to oversight of the Company's distribution and dispensing of opioids and also alleging violations of the federal securities laws and other breaches of duty by current directors and two current officers in connection with the Company's opioids disclosures. Those cases have been stayed pending developments in other Opioids Litigation matters. On September 27, 2021, three shareholders filed a derivative action in the Delaware Court of Chancery alleging that certain members of the current Board and certain former officers breached their fiduciary duties in failing to adequately oversee the Company's prescription opioids business. The defendants filed the opening brief on their motion to dismiss that case on December 21, 2021, and the plaintiffs responded by filing an amended complaint on February 22, 2022. The Company cannot reasonably estimate any loss or range of loss that may arise from the various Opioids Litigation and intends to vigorously defend these litigation matters. Accordingly, the Company can provide no assurance as to the scope and outcome of these matters and no assurance as to whether its business, financial position, results of operations or cash flows will not be materially adversely affected. Asda Equal Value Claims |
Retirement-Related Benefits
Retirement-Related Benefits | 12 Months Ended |
Jan. 31, 2022 | |
Retirement Benefits [Abstract] | |
Retirement-Related Benefits | 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 pre-tax earnings, but not more than the 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. The following table summarizes the contribution expense related to the Company's defined contribution plans for fiscal 2022, 2021 and 2020: Fiscal Years Ended January 31, (Amounts in millions) 2022 2021 2020 Defined contribution plans: U.S. $ 1,441 $ 1,290 $ 1,184 International 39 200 177 Total contribution expense for defined contribution plans $ 1,480 $ 1,490 $ 1,361 Additionally, the Company's previously owned subsidiary in the United Kingdom sponsored a defined benefit pension plan. In fiscal 2020, Asda, Walmart and the Trustee of the Asda Group Pension Scheme (the "Plan") entered into an agreement pursuant to which Asda made a cash contribution of $1.0 billion to the Plan (the "Asda Pension Contribution") which enabled the Plan to purchase a bulk annuity insurance contract for the benefit of Plan participants, and released the Plan and Asda from any future obligations. In connection with the sale of Asda, all accumulated pension components of $2.3 billion were included in the disposal group and the estimated pre-tax loss recognized during the fourth quarter of fiscal 2021 as discussed in Note 8 and Note 12 |
Disposals, Acquisitions and Rel
Disposals, Acquisitions and Related Items | 12 Months Ended |
Jan. 31, 2021 | |
Acquisitions, Disposals, and Related Items [Abstract] | |
Disposals, Acquisitions and Related Items | Disposals, Acquisitions and Related Items The following disposals impact the Company's Walmart International segment. Other immaterial transactions have also occurred or been announced. Asda In February 2021, the Company completed the divestiture of Asda, the Company's retail operations in the U.K., for net consideration of $9.6 billion. Upon closing of the transaction, the Company recorded an incremental pre-tax loss of $0.2 billion in other gains and losses in its Consolidated Statement of Income in the first quarter of fiscal 2022, primarily related to changes in the net assets of the disposal group, currency exchange rate fluctuations and customary purchase price adjustments upon closing. During the first quarter of fiscal 2022, the Company deconsolidated the financial statements of Asda and recognized its retained investment in Asda as a debt security within other long-term assets and also recognized certain legal and tax indemnity liabilities within deferred income taxes and other on the Consolidated Balance Sheet. Asda was classified as held for sale in the Consolidated Balance Sheet as of January 31, 2021, and as a result, the Company recognized an estimated pre-tax loss of $5.5 billion in other gains and losses in its Consolidated Statement of Income in the fourth quarter of fiscal 2021. Upon classifying the Asda disposal group as held for sale, $2.3 billion of accumulated pension components associated with the expected derecognition of the Asda pension plan were included as part of the loss. In calculating the loss, the fair value of the disposal group was reduced by approximately $0.8 billion related to the estimated fair value of certain indemnities and other transaction related costs. Seiyu In March 2021, the Company completed the divestiture of Seiyu, the Company's retail operations in Japan, for net consideration of $1.2 billion. Upon closing of the transaction, the Company recorded an incremental pre-tax loss of $0.2 billion in other gains and losses in its Consolidated Statement of Income in the first quarter of fiscal 2022, primarily related to changes in the net assets of the disposal group, currency exchange rate fluctuations and customary purchase price adjustments upon closing. During the first quarter of fiscal 2022, the Company deconsolidated the financial statements of Seiyu and recognized its retained 15 percent ownership interest in Seiyu as an equity investment within other long-term assets on the Consolidated Balance Sheet. Seiyu was classified as held for sale in the Consolidated Balance Sheet as of January 31, 2021, and as a result, the Company recognized an estimated pre-tax loss of $1.9 billion in other gains and losses in its Consolidated Statement of Income in the fourth quarter of fiscal 2021. Assets and liabilities held for sale associated with the Asda and Seiyu disposal groups as of January 31, 2021 were as follows: January 31, (Amounts in millions) 2021 Cash and cash equivalents $ 1,848 Other current assets (1) 2,545 Property and equipment, net 13,193 Operating lease right-of-use assets 4,360 Finance lease right-of-use assets, net 1,395 Goodwill 2,211 Other long-term assets 1,063 Valuation allowance against assets held for sale (2) (7,420) Total assets held for sale $ 19,195 Current liabilities (3) 6,535 Operating lease obligations, including amounts due within one year 4,245 Finance lease obligations, including amounts due within one year 1,495 Deferred income taxes and other 459 Total liabilities held for sale $ 12,734 (1) Includes inventories, receivables, net and prepaid expenses and other. (2) Includes the $2.3 billion loss associated with the derecognition of the Asda pension plan and $1.3 billion cumulative foreign currency and related net investment hedge and other impacts included within the disposal groups, which were reclassified from accumulated other comprehensive loss upon closure of each transaction. (3) Includes accounts payable and accrued liabilities. Walmart Argentina In November 2020, the Company completed the sale of Walmart Argentina. As a result, the Company recorded a pre-tax loss of $1.0 billion in the third quarter of fiscal 2021 in other gains and losses in its Consolidated Statement of Income primarily due to the impact of cumulative translation losses on the carrying value of the disposal group. |
Segments and Disaggregated Reve
Segments and Disaggregated Revenue | 12 Months Ended |
Jan. 31, 2022 | |
Segment Reporting Information, Profit (Loss) [Abstract] | |
Segments and Disaggregated Revenue | Segments and Disaggregated Revenue Segments The Company is engaged in the operation of retail and wholesale stores and clubs, as well as eCommerce websites, located throughout the U.S., Africa, Canada, Central America, Chile, China, India and Mexico. The Company previously operated in Argentina prior to the sale of Walmart Argentina in the fourth quarter of fiscal 2021 and operated in the United Kingdom and Japan prior to the sale of those operations in the first quarter of fiscal 2022. Refer to Note 12 for discussion of recent divestitures. The Company's operations are conducted in three reportable segments: Walmart U.S., Walmart International and Sam's Club. The Company defines its segments as those operations whose results the 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 impracticable 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., as well as eCommerce and omni-channel initiatives. The Walmart International segment consists of the Company's operations outside of the U.S., as well as eCommerce and omni-channel initiatives. The Sam's Club segment includes the warehouse membership clubs in the U.S., as well as eCommerce and omni-channel initiatives. 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. Information for the Company's segments, as well as for Corporate and support, including the reconciliation to income 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, 2022 Net sales $ 393,247 $ 100,959 $ 73,556 $ — $ 567,762 Operating income (loss) 21,587 3,758 2,259 (1,662) 25,942 Interest, net (1,836) Loss on extinguishment of debt (2,410) Other gains and (losses) (3,000) Income before income taxes $ 18,696 Total assets $ 125,044 $ 91,403 $ 14,678 $ 13,735 $ 244,860 Depreciation and amortization 6,773 1,963 601 1,321 10,658 Capital expenditures 8,475 2,497 622 1,512 13,106 Fiscal Year Ended January 31, 2021 Net sales $ 369,963 $ 121,360 $ 63,910 $ — $ 555,233 Operating income (loss) 19,116 3,660 1,906 (2,134) 22,548 Interest, net (2,194) Other gains and (losses) 210 Income before income taxes $ 20,564 Total assets $ 113,490 $ 109,445 $ 13,415 $ 16,146 $ 252,496 Depreciation and amortization 6,561 2,633 599 1,359 11,152 Capital expenditures 6,131 2,436 488 1,209 10,264 Fiscal Year Ended January 31, 2020 Net sales $ 341,004 $ 120,130 $ 58,792 $ — $ 519,926 Operating income (loss) 17,380 3,370 1,642 (1,824) 20,568 Interest, net (2,410) Other gains and (losses) 1,958 Income before income taxes $ 20,116 Total assets $ 110,353 $ 105,811 $ 13,494 $ 6,837 $ 236,495 Depreciation and amortization 6,408 2,682 605 1,292 10,987 Capital expenditures 6,315 2,801 525 1,064 10,705 Total revenues, consisting of net sales and membership and other income, and long-lived assets, consisting primarily of property and equipment, net and lease right-of-use assets, aggregated by the Company's U.S. and non-U.S. operations for fiscal 2022, 2021 and 2020, are as follows: Fiscal Years Ended January 31, (Amounts in millions) 2022 2021 2020 Revenues U.S. operations $ 470,295 $ 436,649 $ 402,532 Non-U.S. operations 102,459 122,502 121,432 Total revenues $ 572,754 $ 559,151 $ 523,964 Long-lived assets U.S. operations $ 89,795 $ 87,068 $ 86,944 Non-U.S. operations 22,829 22,780 40,105 Total long-lived assets $ 112,624 $ 109,848 $ 127,049 No individual country outside of the U.S. had total revenues or long-lived assets that were material to the consolidated totals. Long-lived assets related to operations classified as held for sale are excluded from the table above. Additionally, the Company did not generate material revenues from any single customer. Disaggregated Revenues In the following tables, segment net sales are disaggregated by either merchandise category or market. In addition, net sales related to eCommerce are provided for each segment, which include omni-channel sales where a customer initiates an order digitally and the order is fulfilled through a store or club. (Amounts in millions) Fiscal Years Ended January 31, Walmart U.S. net sales by merchandise category 2022 2021 2020 Grocery $ 218,944 $ 208,413 $ 192,428 General merchandise 125,876 119,406 108,687 Health and wellness 42,839 38,522 36,558 Other categories 5,588 3,622 3,331 Total $ 393,247 $ 369,963 $ 341,004 Of Walmart U.S.'s total net sales, approximately $47.8 billion, $43.0 billion and $24.1 billion related to eCommerce for fiscal 2022, 2021 and 2020, respectively. (Amounts in millions) Fiscal Years Ended January 31, Walmart International net sales by market 2022 2021 2020 Mexico and Central America $ 35,964 $ 32,642 $ 33,350 Canada 21,773 19,991 18,420 China 13,852 11,430 10,671 United Kingdom 3,811 29,234 29,243 Other 25,559 28,063 28,446 Total $ 100,959 $ 121,360 $ 120,130 Of Walmart International's total net sales, approximately $18.5 billion, $16.6 billion and $11.8 billion related to eCommerce for fiscal 2022, 2021 and 2020, respectively. (Amounts in millions) Fiscal Years Ended January 31, Sam's Club net sales by merchandise category 2022 2021 2020 Grocery and consumables $ 46,822 $ 42,148 $ 35,043 Fuel, tobacco and other categories 11,048 7,838 10,571 Home and apparel 8,740 7,092 6,744 Health and wellness 3,956 3,792 3,372 Technology, office and entertainment 2,990 3,040 3,062 Total $ 73,556 $ 63,910 $ 58,792 |
Subsequent Event
Subsequent Event | 12 Months Ended |
Jan. 31, 2022 | |
Subsequent Events [Abstract] | |
Subsequent Event | Subsequent Event Dividends Declared The Board of Directors approved, effective February 17, 2022, the fiscal 2023 annual dividend of $2.24 per share, an increase over the fiscal 2022 dividend of $2.20 per share. For fiscal 2023, the annual dividend will be paid in four quarterly installments of $0.56 per share, according to the following record and payable dates: Record Date Payable Date March 18, 2022 April 4, 2022 May 6, 2022 May 31, 2022 August 12, 2022 September 6, 2022 December 9, 2022 January 3, 2023 |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Jan. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Principles of Consolidation | 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, 2022 ("fiscal 2022"), January 31, 2021 ("fiscal 2021") and January 31, 2020 ("fiscal 2020"). Intercompany accounts and transactions have been eliminated in consolidation. Certain previously reported amounts have been reclassified to conform to the current year presentation. The Company consolidates variable interest entities where it has been determined that the Company is the primary beneficiary of those entities' operations. Investments for which the Company exercises significant influence but does not have control are accounted for under the equity method. These variable interest entities and equity method 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 the month of January 2022 related to the operations consolidated using a lag that materially affected the Consolidated Financial Statements. |
Use of Estimates | 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 | 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 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 $1.7 billion and $4.1 billion as of January 31, 2022 and 2021, respectively. The Company's cash balances are held in various locations around the world. Of the Company's $14.8 billion and $17.7 billion in cash and cash equivalents as of January 31, 2022 and January 31, 2021, approximately 50% and 40% were held outside of the U.S., respectively. Cash and cash equivalents held outside of the U.S. are 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. As of January 31, 2022 and 2021, cash and cash equivalents of approximately $4.3 billion and $2.8 billion, respectively, may not be freely transferable to the U.S. due to local laws or other restrictions. Of the $4.3 billion as of January 31, 2022, approximately $2.2 billion can only be accessed through dividends or intercompany financing arrangements subject to approval of Flipkart Private Limited ("Flipkart") minority shareholders. |
Receivables | ReceivablesReceivables are stated at their carrying values, net of a reserve for doubtful accounts, and are primarily due from the following: customers, which includes pharmacy insurance companies as well as advertisers, and banks for customer credit, debit cards and electronic transfer transactions that take in excess of seven days to process; suppliers for marketing or incentive programs; governments for income taxes; and real estate transactions. |
Inventories | InventoriesThe 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 the Walmart U.S. segment's inventories. The inventory for the Walmart International segment is generally valued in most markets 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 using the weighted-average cost LIFO method. |
Held for Sale | Held for SaleComponents and businesses that meet accounting requirements to be classified as held for sale are presented as single asset and liability amounts in the Company's financial statements with a valuation allowance, if necessary, to recognize the net carrying amount at the lower of cost or fair value, less costs to sell. The Company reviews its businesses and assets held for sale each reporting period to determine whether the existing carrying amounts are fully recoverable in comparison to estimated fair values. As of January 31, 2022, assets and liabilities held for sale were immaterial. |
Property and Equipment | Property and Equipment Property and equipment are initially recorded 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 expensed 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: As of January 31, (Amounts in millions) Estimated Useful Lives 2022 2021 Land N/A $ 19,204 $ 19,308 Buildings and improvements 3 - 40 years 100,376 97,582 Fixtures and equipment 1 - 30 years 60,282 56,639 Transportation equipment 3 - 15 years 2,263 2,301 Construction in progress N/A 7,199 4,741 Property and equipment 189,324 180,571 Accumulated depreciation (94,809) (88,370) Property and equipment, net $ 94,515 $ 92,201 |
Leases | Leases For any new or modified lease, the Company, at the inception of the contract, determines whether a contract is or contains a lease. The Company records right-of-use ("ROU") assets and lease obligations for its finance and operating leases, which are initially recognized based on the discounted future lease payments over the term of the lease. If the rate implicit in the Company's leases is not easily determinable, the Company's applicable incremental borrowing rate is used in calculating the present value of the sum of the lease payments. Lease term is defined as the non-cancelable period of the lease plus any options to extend or terminate the lease when it is reasonably certain that the Company will exercise the option. The Company has elected not to recognize ROU asset and lease obligations for its short-term leases, which are defined as leases with an initial term of 12 months or less. For a majority of all classes of underlying assets, the Company has elected to not separate lease from non-lease components. For leases in which the lease and non-lease components have been combined, the variable lease expense includes expenses such as common area maintenance, utilities, and repairs and maintenance. |
Impairment of Long-Lived Assets | Impairment of Long-Lived AssetsManagement 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. 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. |
Goodwill and Other Acquired Intangible Assets | 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 typically assigned to the reporting unit which consolidates the acquisition. Components within the same reportable segment are aggregated and deemed a single reporting unit if the components have similar economic characteristics. As of January 31, 2022, the Company's reporting units consisted of Walmart U.S., Walmart International and Sam's Club. 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. Management has performed its evaluation and determined the fair value of each reporting unit is significantly greater than the carrying amount and, accordingly, the Company has not recorded any impairment charges related to goodwill. |
Fair Value Measurement | Fair Value Measurement 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 orderly 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. Refer to Note 8 |
Investments | Investments Investments in equity and debt securities are recorded in other long-term assets in the Consolidated Balance Sheets. Changes in fair value of equity securities measured on a recurring basis are recognized in other gains and losses in the Consolidated Statements of Income. Refer to Note 8 for details. Equity investments without readily determinable fair values are carried at cost and adjusted for any observable price changes or impairments within other gains and losses in the Consolidated Statements |
Indemnification Liabilities | Indemnification LiabilitiesThe Company has provided certain indemnifications in connection with its divestitures and has recorded indemnification liabilities equal to the estimated fair value of the obligations upon inception. |
Self Insurance Reserves | Self Insurance Reserves The Company self-insures a number of risks, including, but not limited to, workers' compensation, general liability, auto liability, product liability and certain employee-related healthcare benefits. Standard actuarial procedures and data analysis are used to estimate the liabilities associated with these risks on an undiscounted basis. The recorded liabilities reflect the ultimate cost for claims incurred but not paid and any estimable administrative run-out expenses related to the processing of these outstanding claim payments. On a regular basis, the liabilities are evaluated for appropriateness with claims reserve valuations. To limit exposure to some risks, the Company maintains insurance coverage with varying limits and retentions, including stop-loss insurance coverage for workers' compensation, general liability and auto liability. |
Derivatives | Derivatives The Company uses derivatives for hedging 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 derivatives in hedging programs subjects the Company to certain risks, such as market and credit risks. The Company may be exposed to credit-related losses in the event of nonperformance by its counterparties to derivatives. Credit risk is monitored through established approval procedures, including setting concentration limits by counterparty, reviewing credit ratings and requiring collateral from the counterparty. The Company enters into derivatives with counterparties rated generally "A-" or better by nationally recognized credit rating agencies. The Company is subject to master netting arrangements which provides set-off and close-out netting of exposures with counterparties, but the Company does not offset derivative assets and liabilities in its Consolidated Balance Sheets. The Company's collateral arrangements require the counterparty in a net liability position in excess of pre-determined thresholds, after considering the effects of netting arrangements, to pledge cash collateral. Cash collateral received from counterparties and cash collateral provided to counterparties under these arrangements was not significant as of January 31, 2022 and 2021. In order to qualify for hedge accounting, at the inception of the hedging relationship, the Company formally documents its risk management objective and strategy for undertaking the hedging transaction, as well as its designation of the hedge. If a derivative is recorded using hedge accounting, depending on the nature of the hedge, derivative gains and losses are recorded through the same financial statement line item in earnings or are recognized in accumulated other comprehensive loss until the hedged item is recognized in earnings. Derivatives 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. Derivatives 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 derivatives with an unrealized loss are recorded as either current or non-current liabilities, based on maturity date. Refer to Note 8 for the presentation of the Company's derivative assets and liabilities. Fair Value Hedges 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. All interest rate swaps designated as fair value hedges of the related long-term debt meet the shortcut method requirements under U.S. GAAP. Accordingly, changes in the fair values of these interest rate swaps are considered to exactly offset changes in the fair value of the underlying long-term debt. These derivatives will mature on dates ranging from April 2023 to September 2031. Cash Flow Hedges The Company is a party to receive fixed-rate, pay fixed-rate cross currency interest rate swaps used to hedge the currency exposure associated with the forecasted payments of principal and interest of certain non-U.S. denominated debt. The Company records changes in the fair value of these swaps in accumulated other comprehensive loss which is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. These derivatives will mature on dates ranging from April 2022 to January 2039. Prior to the divestiture of the Company's operations in the United Kingdom and Japan as discussed in Note 12 , the Company was a party to receive fixed-rate, pay fixed-rate cross currency interest rate swaps used to hedge the currency exposure associated with net investments of these foreign operations. Changes in fair value attributable to the hedged risk were recorded in accumulated other comprehensive loss. The Company also previously designated certain foreign currency denominated long-term debt as a hedge of currency exposure associated with the net investment of these divested operations and recorded foreign currency gain or loss associated with designated long-term debt in accumulated other comprehensive loss. Upon closing of the sale of the Company's operations in the U.K. and Japan during the first quarter of fiscal 2022, these amounts were released from accumulated other comprehensive loss as discussed in Note 4 |
Income Taxes | 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 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 | Revenue Recognition Net Sales The Company recognizes sales revenue, net of sales taxes and estimated sales returns, at the time it sells merchandise or services to the customer. eCommerce sales include shipping revenue and are recorded upon delivery to the customer. Estimated sales returns are calculated based on expected returns. 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. Membership fee revenue was $2.2 billion for fiscal 2022, $1.7 billion for fiscal 2021 and $1.5 billion for fiscal 2020, respectively. Membership fee revenue is included in membership and other income in the Company's Consolidated Statements of Income. Deferred membership fee revenue is included in accrued liabilities in the Company's Consolidated Balance Sheets. Gift Cards Customer purchases of gift cards are not recognized as sales until the card is redeemed and the customer purchases merchandise using the gift card. Gift cards in the U.S. and some countries do not carry an expiration date; therefore, customers and members can redeem their gift cards for merchandise and services indefinitely. Gift cards in some countries where the Company does business have expiration dates. While gift cards are generally redeemed within 12 months, a certain number of gift cards, both with and without expiration dates, will not be fully redeemed. Management estimates unredeemed balances and recognizes revenue for these amounts in membership and other income in the Company's Consolidated Statements of Income over the expected redemption period. 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 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 | 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, except in certain limited situations when the payment is a reimbursement of specific, incremental and identifiable costs, and are recognized in the Company's Consolidated Statements of Income when the related inventory is sold. |
Operating, Selling, General and Administrative Expenses | 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 only includes a portion 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 CostsAdvertising costs are expensed as incurred, consist primarily of digital, television and print advertisements and are recorded in operating, selling, general and administrative expenses in the Company's Consolidated Statements of Income. |
Currency Translation | 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 loss. The Company's Consolidated Statements of Income 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. |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Jan. 31, 2022 | |
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: As of January 31, (Amounts in millions) Estimated Useful Lives 2022 2021 Land N/A $ 19,204 $ 19,308 Buildings and improvements 3 - 40 years 100,376 97,582 Fixtures and equipment 1 - 30 years 60,282 56,639 Transportation equipment 3 - 15 years 2,263 2,301 Construction in progress N/A 7,199 4,741 Property and equipment 189,324 180,571 Accumulated depreciation (94,809) (88,370) Property and equipment, net $ 94,515 $ 92,201 |
Schedule of goodwill | The following table reflects goodwill activity, by reportable segment, for fiscal 2022 and 2021: (Amounts in millions) Walmart U.S. Walmart Sam's Club Total Balances as of February 1, 2020 $ 2,593 $ 28,167 $ 313 $ 31,073 Changes in currency translation and other — 10 — 10 Acquisitions 103 — 8 111 Amounts reclassified related to operations held for sale (1) — (2,211) — (2,211) Balances as of January 31, 2021 2,696 25,966 321 28,983 Changes in currency translation and other — (415) — (415) Acquisitions 245 201 — 446 Balances as of January 31, 2022 $ 2,941 $ 25,752 $ 321 $ 29,014 (1) Represents goodwill associated with operations in the U.K. and Japan which were classified as held for sale as of January 31, 2021. Refer to Note 12 |
Net Income Per Common Share (Ta
Net Income Per Common Share (Tables) | 12 Months Ended |
Jan. 31, 2022 | |
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 net income per common share attributable to Walmart: Fiscal Years Ended January 31, (Amounts in millions, except per share data) 2022 2021 2020 Numerator Consolidated net income $ 13,940 $ 13,706 $ 15,201 Consolidated net income attributable to noncontrolling interest (267) (196) (320) Consolidated net income attributable to Walmart $ 13,673 $ 13,510 $ 14,881 Denominator Weighted-average common shares outstanding, basic 2,792 2,831 2,850 Dilutive impact of stock options and other share-based awards 13 16 18 Weighted-average common shares outstanding, diluted 2,805 2,847 2,868 Net income per common share attributable to Walmart Basic $ 4.90 $ 4.77 $ 5.22 Diluted 4.87 4.75 5.19 |
Shareholders' Equity (Tables)
Shareholders' Equity (Tables) | 12 Months Ended |
Jan. 31, 2022 | |
Equity [Abstract] | |
Schedule of share-based compensation expense by award type | The following table summarizes the Company's share-based compensation expense by award type for all plans: Fiscal Years Ended January 31, (Amounts in millions) 2022 2021 2020 Restricted stock units $ 659 $ 742 $ 553 Restricted stock and performance-based restricted stock units 321 277 270 Other 183 150 31 Share-based compensation expense $ 1,163 $ 1,169 $ 854 |
Schedule of restricted stock and performance share awards and restricted stock rights activity | The following table shows the activity for restricted stock units and restricted stock and performance-based restricted stock units during fiscal 2022: Restricted Stock Units Restricted Stock and (Shares in thousands) Shares Weighted-Average Grant-Date Fair Value Per Share Shares Weighted-Average Grant-Date Fair Value Per Share Outstanding as of February 1, 2021 19,900 $ 92.13 5,413 $ 108.72 Granted 8,219 131.90 3,057 135.48 Adjustment for performance achievement (1) — — 920 107.67 Vested/exercised (8,051) 85.21 (2,614) 100.30 Forfeited (2,785) 110.65 (636) 110.95 Outstanding as of January 31, 2022 17,283 $ 111.42 6,140 $ 125.25 |
Schedule of restricted stock and performance based restricted stock | The following table includes additional information related to restricted stock units and restricted stock and performance-based restricted stock units: Fiscal Years Ended January 31, (Amounts in millions, except years) 2022 2021 2020 Fair value of restricted stock units vested $ 703 $ 597 $ 442 Fair value of restricted stock and performance-based restricted stock units vested 264 275 365 Unrecognized compensation cost for restricted stock units 1,102 1,062 1,096 Unrecognized compensation cost for restricted stock and performance-based restricted stock units 417 344 326 Weighted average remaining period to expense for restricted stock units (years) 1.2 1.1 1.3 Weighted average remaining period to expense for restricted stock and performance-based restricted stock units (years) 1.5 1.4 1.4 |
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 amount paid for share repurchases for fiscal 2022, 2021 and 2020: Fiscal Years Ended January 31, (Amounts in millions, except per share data) 2022 2021 2020 Total number of shares repurchased 69.7 19.4 53.9 Average price paid per share $ 140.45 $ 135.20 $ 105.98 Total cash paid for share repurchases $ 9,787 $ 2,625 $ 5,717 |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Loss (Tables) | 12 Months Ended |
Jan. 31, 2022 | |
Other Comprehensive Income (Loss), Tax [Abstract] | |
Composition of accumulated other comprehensive income (loss) | The following table provides the changes in the composition of total accumulated other comprehensive loss for fiscal 2022, 2021 and 2020: (Amounts in millions and net of immaterial income taxes) Currency Net Investment Hedges Cash Flow Hedges Minimum Total Balances as of February 1, 2019 $ (12,085) $ 1,395 $ (140) $ (712) $ (11,542) Other comprehensive income (loss) before reclassifications, net (1) 281 122 (399) (1,283) (1,279) Reclassifications to income, net (23) — — 39 16 Balances as of January 31, 2020 (11,827) 1,517 (539) (1,956) (12,805) Other comprehensive income (loss) before reclassifications, net 214 (221) 186 (172) 7 Reclassifications to income, net (2) 841 — 49 142 1,032 Balances as of January 31, 2021 (10,772) 1,296 (304) (1,986) (11,766) Other comprehensive loss before reclassifications, net (586) (7) (540) — (1,133) Reclassifications related to business dispositions, net (3) 3,258 (1,195) 30 1,966 4,059 Reclassifications to income, net — — 66 8 74 Balances as of January 31, 2022 $ (8,100) $ 94 $ (748) $ (12) $ (8,766) (1) Primarily includes the remeasurement of Asda Group Limited's ("Asda") pension benefit obligation subsequent to the cash contribution made by Asda in fiscal 2020. Refer to Note 11 . (2) Includes a cumulative foreign currency translation loss of $0.8 billion, for which there was no related income taxes, upon sale of the majority stake in Walmart Argentina. Refer to Note 12 . (3) Upon closing of the sale of the Company's operations in the U.K. and Japan during the first quarter of fiscal 2022, these amounts were released from accumulated other comprehensive loss, the majority of which was considered in the impairment evaluation when the individual disposal groups met the held for sale classification in fiscal 2021. |
Accrued Liabilities (Tables)
Accrued Liabilities (Tables) | 12 Months Ended |
Jan. 31, 2022 | |
Accrued Liabilities [Abstract] | |
Schedule of accrued liabilities | The Company's accrued liabilities consist of the following as of January 31, 2022 and 2021: January 31, (Amounts in millions) 2022 2021 Accrued wages and benefits (1) 7,908 7,654 Self-insurance (2) 4,652 4,698 Accrued non-income taxes (3) 3,247 3,328 Deferred gift card revenue 2,559 2,310 Liabilities held for sale (4) 21 12,734 Other (5) 7,673 7,242 Total accrued liabilities $ 26,060 $ 37,966 (1) Accrued wages and benefits include accrued wages, salaries, vacation, bonuses and other incentive plans. (2) Self-insurance consists of insurance-related liabilities, such as workers' compensation, general liability, auto liability, product liability and certain employee-related healthcare benefits. (3) Accrued non-income taxes include accrued payroll, property, value-added, sales and miscellaneous other taxes. (4) Liabilities held for sale as of January 31, 2021 relate to the Company's operations in Japan and the U.K. classified as held for sale. See Note 12 . (5) Other accrued liabilities includes items such as deferred membership revenue, interest, advertising, maintenance & utilities, and supply chain. |
Short-term Borrowings and Lon_2
Short-term Borrowings and Long-term Debt (Tables) | 12 Months Ended |
Jan. 31, 2022 | |
Long-term Debt, Unclassified [Abstract] | |
Schedule of line of credit facilities | The Company has various committed lines of credit in the U.S. to support its commercial paper program and are summarized in the following table: January 31, 2022 January 31, 2021 (Amounts in millions) Available Drawn Undrawn Available Drawn Undrawn Five (1) $ 5,000 $ — $ 5,000 $ 5,000 $ — $ 5,000 364-day revolving credit facility (1) 10,000 — 10,000 10,000 — 10,000 Total $ 15,000 $ — $ 15,000 $ 15,000 $ — $ 15,000 five |
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 as of January 31, 2022 and 2021: January 31, 2022 January 31, 2021 (Amounts in millions) Maturity Dates Amount Average Rate (1) Amount Average Rate (1) Unsecured debt Fixed 2023 - 2052 $ 29,957 3.5% $ 35,216 3.9% Variable — 750 0.5% Total U.S. dollar denominated 29,957 35,966 Fixed 2023 - 2030 2,787 3.3% 3,034 3.3% Variable — — Total Euro denominated 2,787 3,034 Fixed 2031 - 2039 3,601 5.4% 3,682 5.4% Variable — — Total Sterling denominated 3,601 3,682 Fixed 2023 - 2028 1,475 0.3% 1,624 0.3% Variable — — Total Yen denominated 1,475 1,624 Total unsecured debt 37,820 44,306 Total other (2) (153) 3 Total debt 37,667 44,309 Less amounts due within one year (2,803) (3,115) Long-term debt $ 34,864 $ 41,194 (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. |
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 2023 $ 2,803 2024 4,224 2025 3,565 2026 857 2027 2,757 Thereafter 23,461 Total $ 37,667 |
Schedule of fiscal 2022 debt issuances | Information on significant long-term debt issued during fiscal 2022, for general corporate purposes and certain eligible green investment initiatives, is as follows: (Amounts in millions) Issue Date Principal Amount Maturity Date Fixed vs. Floating Interest Rate Net Proceeds September 17, 2021 $1,250 September 17, 2026 Fixed 1.050% $ 1,243 September 22, 2021 $1,250 September 22, 2028 Fixed 1.500% 1,244 September 22, 2021 (1) $2,000 September 22, 2031 Fixed 1.800% 1,981 September 22, 2021 $1,000 September 22, 2041 Fixed 2.500% 994 September 22, 2021 $1,500 September 22, 2051 Fixed 2.650% 1,483 Total $ 6,945 (1) Represents a green bond issuance for which an amount equal to the net proceeds is intended to fund certain eligible green investment initiatives through the maturity date of the bond. |
Schedule of debt repayments | The following table provides details of debt repayments during fiscal 2022: (Amounts in millions) Maturity Date Principal Amount Fixed vs. Floating Interest Rate Repayment April 15, 2021 $510 Fixed 4.250% $ 510 June 23, 2021 $750 Floating Floating 750 June 23, 2021 $1,750 Fixed 3.125% 1,750 Total repayment of matured debt 3,010 June 26, 2023 $2,750 Fixed 3.400% 470 October 15, 2023 $152 Fixed 6.750% 2 July 8, 2024 $1,500 Fixed 2.850% 510 December 15, 2024 $1,000 Fixed 2.650% 370 June 26, 2025 $1,500 Fixed 3.550% 625 July 8, 2026 $1,250 Fixed 3.050% 451 April 5, 2027 $483 Fixed 5.875% 110 June 26, 2028 $2,750 Fixed 3.700% 1,271 July 8, 2029 $1,250 Fixed 3.250% 517 September 24, 2029 $500 Fixed 2.375% 181 February 15, 2030 $588 Fixed 7.550% 119 September 1, 2035 $1,968 Fixed 5.250% 635 August 15, 2037 $1,300 Fixed 6.500% 262 April 15, 2038 $919 Fixed 6.200% 116 June 28, 2038 $1,500 Fixed 3.950% 925 April 1, 2040 $751 Fixed 5.625% 142 July 8, 2040 $378 Fixed 4.875% 101 October 25, 2040 $519 Fixed 5.000% 125 April 15, 2041 $918 Fixed 5.625% 305 April 11, 2043 $709 Fixed 4.000% 296 October 2, 2043 $269 Fixed 4.750% 38 April 22, 2044 $502 Fixed 4.300% 172 December 15, 2047 $1,000 Fixed 3.625% 566 June 29, 2048 $3,000 Fixed 4.050% 1,317 September 24, 2049 $1,000 Fixed 2.950% 371 Total repayment of extinguished debt (1) 10,000 Total $ 13,010 (1) Represents portion of the outstanding principal amount which was repaid during fiscal 2022. Individual repayment amounts may not sum due to rounding. The following table provides details of debt repayments during fiscal 2021: (Amounts in millions) Maturity Date Principal Amount Fixed vs. Floating Interest Rate Repayment June 23, 2020 $750 Floating Floating $ 750 June 23, 2020 $1,250 Fixed 2.850% 1,250 July 8, 2020 $840 Fixed 3.630% 840 July 28, 2020 ¥10,000 Fixed 1.600% 95 October 25, 2020 $1,197 Fixed 3.250% 1,197 December 15, 2020 $1,250 Fixed 1.900% 1,250 Total repayment of matured debt $ 5,382 |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Jan. 31, 2022 | |
Leases [Abstract] | |
Lease, cost | The Company's lease costs recognized in the Consolidated Statement of Income consist of the following: Fiscal years ended January 31, (Amounts in millions) 2022 2021 2020 Operating lease cost $ 2,274 $ 2,626 $ 2,670 Finance lease cost: Amortization of right-of-use assets 565 583 480 Interest on lease obligations 232 298 306 Variable lease cost 823 777 691 |
Schedule of other information relating to lease liabilities | Other lease information is as follows: Fiscal years ended January 31, (Amounts in millions) 2022 2021 2020 Cash paid for amounts included in measurement of lease obligations: Operating cash flows from operating leases $ 2,234 2,629 2,614 Operating cash flows from finance leases 225 286 278 Financing cash flows from finance leases 538 546 485 Assets obtained in exchange for operating lease obligations 1,816 2,131 2,151 Assets obtained in exchange for finance lease obligations 1,044 1,547 1,081 As of January 31, 2022 2021 Weighted-average remaining lease term - operating leases 12.2 years 12.5 years Weighted-average remaining lease term - finance leases 13.4 years 13.7 years Weighted-average discount rate - operating leases 5.9% 6.1% Weighted-average discount rate - finance leases 6.5% 6.8% |
Lessee operating liability maturity | The aggregate annual lease obligations at January 31, 2022, are as follows: (Amounts in millions) Fiscal Year Operating Leases Finance Leases 2023 $ 2,164 $ 736 2024 2,040 675 2025 1,876 611 2026 1,713 555 2027 1,551 482 Thereafter 11,322 4,987 Total undiscounted lease obligations 20,666 8,046 Less imputed interest (6,174) (3,292) Net lease obligations $ 14,492 $ 4,754 |
Lessee finance liability maturity | The aggregate annual lease obligations at January 31, 2022, are as follows: (Amounts in millions) Fiscal Year Operating Leases Finance Leases 2023 $ 2,164 $ 736 2024 2,040 675 2025 1,876 611 2026 1,713 555 2027 1,551 482 Thereafter 11,322 4,987 Total undiscounted lease obligations 20,666 8,046 Less imputed interest (6,174) (3,292) Net lease obligations $ 14,492 $ 4,754 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 12 Months Ended |
Jan. 31, 2022 | |
Fair Value Disclosures [Abstract] | |
Fair value measurements recurring and nonrecurring | The fair values of the Company's equity investments measured on a recurring basis are as follows: (Amounts in millions) Fair Value as of January 31, 2022 Fair Value as of January 31, 2021 Equity investments measured using Level 1 inputs $ 6,069 $ 6,517 Equity investments measured using Level 2 inputs 5,819 7,905 Total $ 11,888 $ 14,422 |
Notional amounts and fair values of derivatives | As of January 31, 2022 and January 31, 2021, the notional amounts and fair values of these derivatives were as follows: January 31, 2022 January 31, 2021 (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 $ 8,021 $ (47) (1) $ 3,250 $ 166 (2) Receive fixed-rate, pay fixed-rate cross-currency swaps designated as net investment hedges — — 1,250 311 (2) Receive fixed-rate, pay fixed-rate cross-currency swaps designated as cash flow hedges 7,855 (1,048) (1) 5,073 (394) (1) Total $ 15,876 $ (1,095) $ 9,573 $ 83 (1) Primarily classified in deferred income taxes and other in the Company's Consolidated Balance Sheets. (2) Primarily classified in other long-term assets in the Company's Consolidated Balance Sheets. |
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, 2022 and 2021, are as follows: January 31, 2022 January 31, 2021 (Amounts in millions) Carrying Value Fair Value Carrying Value Fair Value Long-term debt, including amounts due within one year $ 37,667 $ 42,381 $ 44,309 $ 54,240 |
Taxes (Tables)
Taxes (Tables) | 12 Months Ended |
Jan. 31, 2022 | |
Income Tax Disclosure [Abstract] | |
Schedule of income before income taxes | The components of income before income taxes are as follows: Fiscal Years Ended January 31, (Amounts in millions) 2022 2021 2020 U.S. $ 15,536 $ 18,068 $ 15,019 Non-U.S. 3,160 2,496 5,097 Total income before income taxes $ 18,696 $ 20,564 $ 20,116 |
Schedule of income tax provision | A summary of the provision for income taxes is as follows: Fiscal Years Ended January 31, (Amounts in millions) 2022 2021 2020 Current: U.S. federal $ 3,313 $ 2,991 $ 2,794 U.S. state and local 649 742 587 International 1,553 1,127 1,205 Total current tax provision 5,515 4,860 4,586 Deferred: U.S. federal (671) 2,316 663 U.S. state and local 41 23 35 International (129) (341) (369) Total deferred tax expense (benefit) (759) 1,998 329 Total provision for income taxes $ 4,756 $ 6,858 $ 4,915 |
Schedule of income tax rate | A reconciliation of the significant differences between the U.S. statutory tax rate and the effective income tax rate on pre-tax income from continuing operations is as follows: Fiscal Years Ended January 31, 2022 2021 2020 U.S. statutory tax rate 21.0 % 21.0 % 21.0 % U.S. state income taxes, net of federal income tax benefit 2.8 % 2.9 % 2.2 % Income taxed outside the U.S. (1.5) % (0.1) % (1.0) % Disposal and wind-down of certain business operations 0.5 % 7.1 % — % Valuation allowance 4.4 % 2.3 % 2.3 % Net impact of repatriated international earnings (0.3) % (0.4) % 0.4 % Federal tax credits (1.1) % (0.9) % (0.8) % Enacted change in tax laws — % — % (1.9) % Change in reserve for tax contingencies 0.2 % 0.8 % 2.5 % Other, net (0.6) % 0.6 % (0.3) % Effective income tax rate 25.4 % 33.3 % 24.4 % |
Schedule of deferred tax balances | The significant components of the Company's deferred tax account balances are as follows: January 31, (Amounts in millions) 2022 2021 Deferred tax assets: Loss and tax credit carryforwards $ 9,456 $ 9,179 Accrued liabilities 2,752 2,582 Share-based compensation 231 224 Lease obligations 4,320 4,450 Other 893 589 Total deferred tax assets 17,652 17,024 Valuation allowances (9,542) (8,782) Deferred tax assets, net of valuation allowances 8,110 8,242 Deferred tax liabilities: Property and equipment 4,414 4,802 Acquired intangibles 1,065 1,071 Inventory 1,588 1,235 Lease right of use assets 4,355 4,390 Mark-to-market investments 1,825 2,678 Other 307 675 Total deferred tax liabilities 13,554 14,851 Net deferred tax liabilities $ 5,444 $ 6,609 |
Schedule of deferred tax classification in the balance sheet | The deferred taxes noted above are classified as follows in the Company's Consolidated Balance Sheets: January 31, (Amounts in millions) 2022 2021 Balance Sheet classification Assets: Other long-term assets $ 1,473 $ 1,836 Liabilities: Deferred income taxes and other 6,917 8,445 Net deferred tax liabilities $ 5,444 $ 6,609 |
Reconciliation of unrecognized tax benefits from continuing operations | A reconciliation of gross unrecognized tax benefits from continuing operations is as follows: Fiscal Years Ended January 31, (Amounts in millions) 2022 2021 2020 Gross unrecognized tax benefits, beginning of year $ 3,135 $ 1,817 $ 1,305 Increases related to prior year tax positions 170 92 516 Decreases related to prior year tax positions (97) (264) (15) Increases related to current year tax positions 75 1,582 66 Settlements during the period (5) (64) (29) Lapse in statutes of limitations (33) (28) (26) Gross unrecognized tax benefits, end of year $ 3,245 $ 3,135 $ 1,817 |
Retirement-Related Benefits (Ta
Retirement-Related Benefits (Tables) | 12 Months Ended |
Jan. 31, 2022 | |
Retirement Benefits [Abstract] | |
Schedule of contribution expense related to defined contribution plans | The following table summarizes the contribution expense related to the Company's defined contribution plans for fiscal 2022, 2021 and 2020: Fiscal Years Ended January 31, (Amounts in millions) 2022 2021 2020 Defined contribution plans: U.S. $ 1,441 $ 1,290 $ 1,184 International 39 200 177 Total contribution expense for defined contribution plans $ 1,480 $ 1,490 $ 1,361 |
Disposals, Acquisitions and R_2
Disposals, Acquisitions and Related Items (Tables) | 12 Months Ended |
Jan. 31, 2021 | |
Acquisitions, Disposals, and Related Items [Abstract] | |
Assets and liabilities held for sale with disposal group | Assets and liabilities held for sale associated with the Asda and Seiyu disposal groups as of January 31, 2021 were as follows: January 31, (Amounts in millions) 2021 Cash and cash equivalents $ 1,848 Other current assets (1) 2,545 Property and equipment, net 13,193 Operating lease right-of-use assets 4,360 Finance lease right-of-use assets, net 1,395 Goodwill 2,211 Other long-term assets 1,063 Valuation allowance against assets held for sale (2) (7,420) Total assets held for sale $ 19,195 Current liabilities (3) 6,535 Operating lease obligations, including amounts due within one year 4,245 Finance lease obligations, including amounts due within one year 1,495 Deferred income taxes and other 459 Total liabilities held for sale $ 12,734 (1) Includes inventories, receivables, net and prepaid expenses and other. (2) Includes the $2.3 billion loss associated with the derecognition of the Asda pension plan and $1.3 billion cumulative foreign currency and related net investment hedge and other impacts included within the disposal groups, which were reclassified from accumulated other comprehensive loss upon closure of each transaction. (3) Includes accounts payable and accrued liabilities. |
Segments and Disaggregated Re_2
Segments and Disaggregated Revenue (Tables) | 12 Months Ended |
Jan. 31, 2022 | |
Disaggregation of Revenue [Line Items] | |
Segment revenues and long-lived assets | Information for the Company's segments, as well as for Corporate and support, including the reconciliation to income 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, 2022 Net sales $ 393,247 $ 100,959 $ 73,556 $ — $ 567,762 Operating income (loss) 21,587 3,758 2,259 (1,662) 25,942 Interest, net (1,836) Loss on extinguishment of debt (2,410) Other gains and (losses) (3,000) Income before income taxes $ 18,696 Total assets $ 125,044 $ 91,403 $ 14,678 $ 13,735 $ 244,860 Depreciation and amortization 6,773 1,963 601 1,321 10,658 Capital expenditures 8,475 2,497 622 1,512 13,106 Fiscal Year Ended January 31, 2021 Net sales $ 369,963 $ 121,360 $ 63,910 $ — $ 555,233 Operating income (loss) 19,116 3,660 1,906 (2,134) 22,548 Interest, net (2,194) Other gains and (losses) 210 Income before income taxes $ 20,564 Total assets $ 113,490 $ 109,445 $ 13,415 $ 16,146 $ 252,496 Depreciation and amortization 6,561 2,633 599 1,359 11,152 Capital expenditures 6,131 2,436 488 1,209 10,264 Fiscal Year Ended January 31, 2020 Net sales $ 341,004 $ 120,130 $ 58,792 $ — $ 519,926 Operating income (loss) 17,380 3,370 1,642 (1,824) 20,568 Interest, net (2,410) Other gains and (losses) 1,958 Income before income taxes $ 20,116 Total assets $ 110,353 $ 105,811 $ 13,494 $ 6,837 $ 236,495 Depreciation and amortization 6,408 2,682 605 1,292 10,987 Capital expenditures 6,315 2,801 525 1,064 10,705 |
Schedule of revenue from external customers and long-lived assets by geographical areas | Total revenues, consisting of net sales and membership and other income, and long-lived assets, consisting primarily of property and equipment, net and lease right-of-use assets, aggregated by the Company's U.S. and non-U.S. operations for fiscal 2022, 2021 and 2020, are as follows: Fiscal Years Ended January 31, (Amounts in millions) 2022 2021 2020 Revenues U.S. operations $ 470,295 $ 436,649 $ 402,532 Non-U.S. operations 102,459 122,502 121,432 Total revenues $ 572,754 $ 559,151 $ 523,964 Long-lived assets U.S. operations $ 89,795 $ 87,068 $ 86,944 Non-U.S. operations 22,829 22,780 40,105 Total long-lived assets $ 112,624 $ 109,848 $ 127,049 |
Walmart U S [Member] | |
Disaggregation of Revenue [Line Items] | |
Disaggregation of revenue | (Amounts in millions) Fiscal Years Ended January 31, Walmart U.S. net sales by merchandise category 2022 2021 2020 Grocery $ 218,944 $ 208,413 $ 192,428 General merchandise 125,876 119,406 108,687 Health and wellness 42,839 38,522 36,558 Other categories 5,588 3,622 3,331 Total $ 393,247 $ 369,963 $ 341,004 |
Walmart International [Member] | |
Disaggregation of Revenue [Line Items] | |
Disaggregation of revenue | (Amounts in millions) Fiscal Years Ended January 31, Walmart International net sales by market 2022 2021 2020 Mexico and Central America $ 35,964 $ 32,642 $ 33,350 Canada 21,773 19,991 18,420 China 13,852 11,430 10,671 United Kingdom 3,811 29,234 29,243 Other 25,559 28,063 28,446 Total $ 100,959 $ 121,360 $ 120,130 |
Sams Club [Member] | |
Disaggregation of Revenue [Line Items] | |
Disaggregation of revenue | (Amounts in millions) Fiscal Years Ended January 31, Sam's Club net sales by merchandise category 2022 2021 2020 Grocery and consumables $ 46,822 $ 42,148 $ 35,043 Fuel, tobacco and other categories 11,048 7,838 10,571 Home and apparel 8,740 7,092 6,744 Health and wellness 3,956 3,792 3,372 Technology, office and entertainment 2,990 3,040 3,062 Total $ 73,556 $ 63,910 $ 58,792 |
Subsequent Event (Tables)
Subsequent Event (Tables) | 12 Months Ended |
Jan. 31, 2022 | |
Subsequent Events [Abstract] | |
Schedule of dividends payable | For fiscal 2023, the annual dividend will be paid in four quarterly installments of $0.56 per share, according to the following record and payable dates: Record Date Payable Date March 18, 2022 April 4, 2022 May 6, 2022 May 31, 2022 August 12, 2022 September 6, 2022 December 9, 2022 January 3, 2023 |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies (Narrative) (Details) $ in Millions | 12 Months Ended | ||
Jan. 31, 2022USD ($)segment | Jan. 31, 2021USD ($) | Jan. 31, 2020USD ($) | |
Accounting Policies [Line Items] | |||
Number of reportable segments | segment | 3 | ||
Cash and cash equivalents | $ 14,760 | $ 17,741 | |
Percentage of cash and cash equivalents | 50.00% | 40.00% | |
Receivables from transactions with customers, net | $ 3,400 | $ 2,700 | |
Liabilities for sale | 21 | 12,734 | |
Depreciation and amortization | 10,658 | 11,152 | $ 10,987 |
Indefinite-lived intangible assets (excluding goodwill) | 4,800 | 4,900 | |
Impairment of intangible assets (excluding goodwill) | 700 | ||
Trading securities | 1,000 | ||
Membership fee revenue | 4,992 | 3,918 | 4,038 |
Advertising expense | 3,900 | 3,200 | 3,700 |
Indemnification Agreement | |||
Accounting Policies [Line Items] | |||
Guarantor obligations, current carrying value | 700 | 600 | |
Guarantor obligations, maximum exposure | 3,500 | ||
Membership Fees [Member] | |||
Accounting Policies [Line Items] | |||
Membership fee revenue | 2,200 | 1,700 | $ 1,500 |
Amounts Due from Banks [Member] | |||
Accounting Policies [Line Items] | |||
Cash and cash equivalents | 1,700 | 4,100 | |
Nonrepatriable Cash and Cash Equivalents [Member] | |||
Accounting Policies [Line Items] | |||
Cash and cash equivalents | 4,300 | 2,800 | |
Prepaid Expenses and Other [Member] | |||
Accounting Policies [Line Items] | |||
Assets held for sale | 19,200 | ||
Accrued Liabilities [Member] | |||
Accounting Policies [Line Items] | |||
Liabilities for sale | 12,700 | ||
Long-term Debt [Member] | Net Investment Hedging [Member] | |||
Accounting Policies [Line Items] | |||
Nonderivative hedging instruments | $ 3,300 | ||
Flipkart [Member] | Nonrepatriable Cash and Cash Equivalents - Flipkart [Member] | |||
Accounting Policies [Line Items] | |||
Cash and cash equivalents | $ 2,200 |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies (Schedule of Property, Plant and Equipment) (Details) - USD ($) $ in Millions | 12 Months Ended | |
Jan. 31, 2022 | Jan. 31, 2021 | |
Property, Plant and Equipment [Line Items] | ||
Property and equipment | $ 189,324 | $ 180,571 |
Accumulated depreciation | (94,809) | (88,370) |
Property and equipment, net | 94,515 | 92,201 |
Land [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment | 19,204 | 19,308 |
Building and Building Improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment | $ 100,376 | 97,582 |
Building and Building Improvements [Member] | [Minimum] | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, useful life | 3 years | |
Building and Building Improvements [Member] | [Maximum] | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, useful life | 40 years | |
Furniture and Fixtures [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment | $ 60,282 | 56,639 |
Furniture and Fixtures [Member] | [Minimum] | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, useful life | 1 year | |
Furniture and Fixtures [Member] | [Maximum] | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, useful life | 30 years | |
Transportation Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment | $ 2,263 | 2,301 |
Transportation Equipment [Member] | [Minimum] | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, useful life | 3 years | |
Transportation Equipment [Member] | [Maximum] | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, useful life | 15 years | |
Construction in Progress [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment | $ 7,199 | $ 4,741 |
Summary of Significant Accoun_6
Summary of Significant Accounting Policies (Schedule of Goodwill) (Details) - USD ($) $ in Millions | 12 Months Ended | |
Jan. 31, 2022 | Jan. 31, 2021 | |
Goodwill [Roll Forward] | ||
Goodwill | $ 28,983 | $ 31,073 |
Changes in currency translation and other | (415) | 10 |
Acquisitions | 446 | 111 |
Amounts reclassified related to operations held for sale | (2,211) | |
Goodwill | 29,014 | 28,983 |
Walmart U S [Member] | ||
Goodwill [Roll Forward] | ||
Goodwill | 2,696 | 2,593 |
Changes in currency translation and other | 0 | 0 |
Acquisitions | 245 | 103 |
Amounts reclassified related to operations held for sale | 0 | |
Goodwill | 2,941 | 2,696 |
Walmart International [Member] | ||
Goodwill [Roll Forward] | ||
Goodwill | 25,966 | 28,167 |
Changes in currency translation and other | (415) | 10 |
Acquisitions | 201 | 0 |
Amounts reclassified related to operations held for sale | (2,211) | |
Goodwill | 25,752 | 25,966 |
Sams Club [Member] | ||
Goodwill [Roll Forward] | ||
Goodwill | 321 | 313 |
Changes in currency translation and other | 0 | 0 |
Acquisitions | 0 | 8 |
Amounts reclassified related to operations held for sale | 0 | |
Goodwill | $ 321 | $ 321 |
Net Income Per Common Share (Sc
Net Income Per Common Share (Schedule of calculation of numerator and denominator in earnings per share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 12 Months Ended | ||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | |
Numerator | |||
Consolidated net income | $ 13,940 | $ 13,706 | $ 15,201 |
Consolidated net income attributable to noncontrolling interest | (267) | (196) | (320) |
Consolidated net income attributable to Walmart | $ 13,673 | $ 13,510 | $ 14,881 |
Denominator | |||
Weighted-average common shares outstanding, basic (in shares) | 2,792 | 2,831 | 2,850 |
Dilutive impact of stock options and other share-based awards (in shares) | 13 | 16 | 18 |
Weighted-average common shares outstanding, diluted (in shares) | 2,805 | 2,847 | 2,868 |
Net income per common share attributable to Walmart | |||
Basic (in USD per share) | $ 4.90 | $ 4.77 | $ 5.22 |
Diluted (in USD per share) | $ 4.87 | $ 4.75 | $ 5.19 |
Shareholders' Equity (Narrative
Shareholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 12 Months Ended | |||||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | Jan. 31, 2019 | Feb. 18, 2021 | Feb. 01, 2018 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Common stock, par (in USD per share) | $ 0.10 | $ 0.10 | ||||
Common stock, shares authorized (in shares) | 11,000 | 11,000 | ||||
Sale of subsidiary stock | $ 3,239 | $ 140 | $ 52 | |||
Share-based compensation expense | 1,163 | 1,169 | 854 | |||
Tax benefit | $ 300 | $ 300 | 200 | |||
Compensation awards (in shares) | 260 | |||||
2021 Share Repurchase Program [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Repurchase program | $ 20,000 | |||||
Flipkart [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Aggregate ownership, percent | 83.00% | |||||
Sale of Stock, Percentage of Ownership after Transaction | 75.00% | |||||
Sale of Stock, Percentage of Ownership after Transaction | 75.00% | |||||
Common Stock [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Shares, issued (in shares) | 2,800 | 2,800 | ||||
Shares, outstanding (in shares) | 2,800 | 2,800 | ||||
Restricted Stock [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Share-based compensation expense | $ 659 | $ 742 | $ 553 | |||
Expected dividend rate | 3.80% | 4.40% | 4.90% | |||
Performance Shares [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Expected dividend rate | 4.20% | 4.50% | 5.10% | |||
Restricted Stock And Performance Share Awards [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Share-based compensation expense | $ 321 | $ 277 | $ 270 | |||
Annual [Member] | Restricted Stock [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Award vesting rights, percentage | 25.00% | |||||
Vesting period | 4 years | |||||
Three Years from Grant Date [Member] | Restricted Stock [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Award vesting rights, percentage | 50.00% | |||||
Five Years from Grant Date [Member] | Restricted Stock [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Award vesting rights, percentage | 50.00% | |||||
[Minimum] | Restricted Stock [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Vesting period | 3 years | |||||
[Minimum] | Performance Shares [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Award vesting rights, percentage | 0.00% | |||||
[Minimum] | Restricted Stock And Performance Share Awards [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Vesting period | 1 year | |||||
[Maximum] | Restricted Stock [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Vesting period | 5 years | |||||
[Maximum] | Performance Shares [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Award vesting rights, percentage | 150.00% | |||||
[Maximum] | Restricted Stock And Performance Share Awards [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Vesting period | 3 years |
Shareholders' Equity (Share bas
Shareholders' Equity (Share based Compensation Expense) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based compensation expense | $ 1,163 | $ 1,169 | $ 854 |
Restricted Stock [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based compensation expense | 659 | 742 | 553 |
Restricted Stock And Performance Share Awards [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based compensation expense | 321 | 277 | 270 |
Equity Option [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based compensation expense | $ 183 | $ 150 | $ 31 |
Shareholders' Equity (Rollforwa
Shareholders' Equity (Rollforward of Activity by Award Type) (Details) shares in Thousands | 12 Months Ended |
Jan. 31, 2022$ / sharesshares | |
Restricted Stock [Member] | |
Shares | |
Beginning balance (in shares) | shares | 19,900 |
Granted (in shares) | shares | 8,219 |
Adjustment for performance achievement (in shares) | shares | 0 |
Vested/exercised (in shares) | shares | (8,051) |
Forfeited (in shares) | shares | (2,785) |
Ending balance (in shares) | shares | 17,283 |
Weighted-Average Grant-Date Fair Value Per Share | |
Beginning balance (in USD per share) | $ / shares | $ 92.13 |
Granted (in USD per share) | $ / shares | 131.90 |
Adjustment for performance achievement (in USD per share) | $ / shares | 0 |
Vested/exercised (in USD per share) | $ / shares | 85.21 |
Forfeited (in USD per share) | $ / shares | 110.65 |
Ending balance (in USD per share) | $ / shares | $ 111.42 |
Restricted Stock And Performance Share Awards [Member] | |
Shares | |
Beginning balance (in shares) | shares | 5,413 |
Granted (in shares) | shares | 3,057 |
Adjustment for performance achievement (in shares) | shares | 920 |
Vested/exercised (in shares) | shares | (2,614) |
Forfeited (in shares) | shares | (636) |
Ending balance (in shares) | shares | 6,140 |
Weighted-Average Grant-Date Fair Value Per Share | |
Beginning balance (in USD per share) | $ / shares | $ 108.72 |
Granted (in USD per share) | $ / shares | 135.48 |
Adjustment for performance achievement (in USD per share) | $ / shares | 107.67 |
Vested/exercised (in USD per share) | $ / shares | 100.30 |
Forfeited (in USD per share) | $ / shares | 110.95 |
Ending balance (in USD per share) | $ / shares | $ 125.25 |
Shareholders' Equity (Schedule
Shareholders' Equity (Schedule of Fair Value of Restricted Stock) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | |
Restricted Stock [Member] | |||
Additional information related to restricted stock and performance share awards and restricted stock units | |||
Fair value | $ 703 | $ 597 | $ 442 |
Unrecognized compensation cost | $ 1,102 | $ 1,062 | $ 1,096 |
Weighted average remaining period to expense, (years) | 1 year 2 months 12 days | 1 year 1 month 6 days | 1 year 3 months 18 days |
Restricted Stock And Performance Share Awards [Member] | |||
Additional information related to restricted stock and performance share awards and restricted stock units | |||
Fair value | $ 264 | $ 275 | $ 365 |
Unrecognized compensation cost | $ 417 | $ 344 | $ 326 |
Weighted average remaining period to expense, (years) | 1 year 6 months | 1 year 4 months 24 days | 1 year 4 months 24 days |
Shareholders' Equity (Schedul_2
Shareholders' Equity (Schedule of Share Repurchases) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 12 Months Ended | ||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | |
Equity [Abstract] | |||
Total number of shares repurchased (in shares) | 69.7 | 19.4 | 53.9 |
Average price paid per share (in USD per share) | $ 140.45 | $ 135.20 | $ 105.98 |
Total cash paid for share repurchases | $ 9,787 | $ 2,625 | $ 5,717 |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Loss (Composition of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | |
AOCI Attributable to Parent, Net of Tax [Roll Forward] | |||
Beginning balances | $ 87,531 | $ 81,552 | $ 79,634 |
Other comprehensive income (loss) before reclassifications, net | (1,133) | 7 | (1,279) |
Reclassifications related to business dispositions, net | 4,059 | ||
Reclassifications to income, net | 74 | 1,032 | 16 |
Ending balances | 91,891 | 87,531 | 81,552 |
Currency Translation and Other | |||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | |||
Beginning balances | (10,772) | (11,827) | (12,085) |
Other comprehensive income (loss) before reclassifications, net | (586) | 214 | 281 |
Reclassifications related to business dispositions, net | 3,258 | ||
Reclassifications to income, net | 0 | 841 | (23) |
Ending balances | (8,100) | (10,772) | (11,827) |
Currency Translation and Other | Walmart Argentina [Member] | |||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | |||
Reclassifications to income, net | 800 | ||
Net Investment Hedges | |||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | |||
Beginning balances | 1,296 | 1,517 | 1,395 |
Other comprehensive income (loss) before reclassifications, net | (7) | (221) | 122 |
Reclassifications related to business dispositions, net | (1,195) | ||
Reclassifications to income, net | 0 | 0 | 0 |
Ending balances | 94 | 1,296 | 1,517 |
Cash Flow Hedges | |||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | |||
Beginning balances | (304) | (539) | (140) |
Other comprehensive income (loss) before reclassifications, net | (540) | 186 | (399) |
Reclassifications related to business dispositions, net | 30 | ||
Reclassifications to income, net | 66 | 49 | 0 |
Ending balances | (748) | (304) | (539) |
Minimum Pension Liability | |||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | |||
Beginning balances | (1,986) | (1,956) | (712) |
Other comprehensive income (loss) before reclassifications, net | 0 | (172) | (1,283) |
Reclassifications related to business dispositions, net | 1,966 | ||
Reclassifications to income, net | 8 | 142 | 39 |
Ending balances | (12) | (1,986) | (1,956) |
Total | |||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | |||
Beginning balances | (11,766) | (12,805) | (11,542) |
Ending balances | $ (8,766) | $ (11,766) | $ (12,805) |
Accrued Liabilities (Schedule o
Accrued Liabilities (Schedule of Accrued Liabilities) (Details) - USD ($) $ in Millions | Jan. 31, 2022 | Jan. 31, 2021 |
Accrued Liabilities [Abstract] | ||
Accrued wages and benefits | $ 7,908 | $ 7,654 |
Self-insurance | 4,652 | 4,698 |
Accrued non-income taxes | 3,247 | 3,328 |
Deferred gift card revenue | 2,559 | 2,310 |
Liabilities for sale | 21 | 12,734 |
Other | 7,673 | 7,242 |
Total accrued liabilities | $ 26,060 | $ 37,966 |
Short-term Borrowings and Lon_3
Short-term Borrowings and Long-term Debt (Narrative) (Details) - USD ($) | 12 Months Ended | ||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | |
Debt Instrument [Line Items] | |||
Short-term borrowings | $ 410,000,000 | $ 224,000,000 | |
Average interest rate | 2.90% | 1.90% | |
Letters of credit, drawn | $ 1,700,000,000 | $ 1,800,000,000 | |
Loss on extinguishment of debt | 2,410,000,000 | 0 | $ 0 |
Premiums paid to extinguish debt | 2,317,000,000 | 0 | 0 |
Proceeds from issuance of long-term debt | 6,945,000,000 | 0 | $ 5,492,000,000 |
Unsecured debt [Member] | |||
Debt Instrument [Line Items] | |||
Proceeds from issuance of long-term debt | $ 0 | ||
Fronted and Syndicated Lines of Credit [Member] | [Minimum] | |||
Debt Instrument [Line Items] | |||
Commitment fee | 0.00015 | ||
Fronted and Syndicated Lines of Credit [Member] | [Maximum] | |||
Debt Instrument [Line Items] | |||
Commitment fee | 0.00040 | ||
Fronted and Syndicated Lines of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member] | [Minimum] | |||
Debt Instrument [Line Items] | |||
Variable rate commitment | 0.0050 | ||
Letter of Credit [Member] | |||
Debt Instrument [Line Items] | |||
Principal Amount | $ 1,800,000,000 | $ 1,800,000,000 |
Short-term Borrowings and Lon_4
Short-term Borrowings and Long-term Debt (Schedule of Lines of Credit) (Details) - Domestic Line of Credit [Member] - USD ($) $ in Millions | 1 Months Ended | 12 Months Ended | |
Apr. 30, 2021 | Jan. 31, 2022 | Jan. 31, 2021 | |
Line of Credit Facility [Line Items] | |||
Available | $ 15,000 | $ 15,000 | |
Drawn | 0 | 0 | |
Undrawn | 15,000 | 15,000 | |
Five Year Credit Facility [Member] | |||
Line of Credit Facility [Line Items] | |||
Available | 5,000 | 5,000 | |
Drawn | 0 | 0 | |
Undrawn | $ 5,000 | 5,000 | |
Revolving credit facility term | 5 years | ||
Revolving Credit Facility [Member] | |||
Line of Credit Facility [Line Items] | |||
Available | $ 10,000 | 10,000 | |
Drawn | 0 | 0 | |
Undrawn | $ 10,000 | $ 10,000 | |
Revolving credit facility term | 364 days |
Short-term Borrowings and Lon_5
Short-term Borrowings and Long-term Debt (Schedule of Long-Term Debt) (Details) - USD ($) $ in Millions | Jan. 31, 2022 | Jan. 31, 2021 |
Debt Instrument [Line Items] | ||
Unsecured debt | $ 37,820 | $ 44,306 |
Total debt | 37,667 | 44,309 |
Less amounts due within one year | (2,803) | (3,115) |
Long-term debt | 34,864 | 41,194 |
Unsecured debt [Member] | ||
Debt Instrument [Line Items] | ||
Total debt | 37,667 | |
Less amounts due within one year | (2,803) | |
Total other debt [Member] | ||
Debt Instrument [Line Items] | ||
Total other | (153) | 3 |
Denominated US Dollar with Fixed Rate [Member] | ||
Debt Instrument [Line Items] | ||
Unsecured debt | $ 29,957 | $ 35,216 |
Denominated US Dollar with Fixed Rate [Member] | Unsecured debt [Member] | ||
Debt Instrument [Line Items] | ||
Average Rate | 3.50% | 3.90% |
Denominated US Dollar with Variable Rate [Member] | ||
Debt Instrument [Line Items] | ||
Unsecured debt | $ 0 | $ 750 |
Denominated US Dollar with Variable Rate [Member] | Unsecured debt [Member] | ||
Debt Instrument [Line Items] | ||
Average Rate | 0.50% | |
Denominated U S Dollar [Member] | ||
Debt Instrument [Line Items] | ||
Unsecured debt | $ 29,957 | $ 35,966 |
Denominated Euro with Fixed Rate [Member] | ||
Debt Instrument [Line Items] | ||
Unsecured debt | $ 2,787 | $ 3,034 |
Denominated Euro with Fixed Rate [Member] | Unsecured debt [Member] | ||
Debt Instrument [Line Items] | ||
Average Rate | 3.30% | 3.30% |
Denominated Euro with Variable Rate [Member] | ||
Debt Instrument [Line Items] | ||
Unsecured debt | $ 0 | $ 0 |
Denominated Euro [Member] | ||
Debt Instrument [Line Items] | ||
Unsecured debt | 2,787 | 3,034 |
Denominated Sterling with Fixed Rate [Member] | ||
Debt Instrument [Line Items] | ||
Unsecured debt | $ 3,601 | $ 3,682 |
Denominated Sterling with Fixed Rate [Member] | Unsecured debt [Member] | ||
Debt Instrument [Line Items] | ||
Average Rate | 5.40% | 5.40% |
Denominated Sterling with Variable Rate [Member] | ||
Debt Instrument [Line Items] | ||
Unsecured debt | $ 0 | $ 0 |
Denominated Sterling [Member] | ||
Debt Instrument [Line Items] | ||
Unsecured debt | 3,601 | 3,682 |
Denominated Yen with Fixed Rate [Member] | ||
Debt Instrument [Line Items] | ||
Unsecured debt | $ 1,475 | $ 1,624 |
Denominated Yen with Fixed Rate [Member] | Unsecured debt [Member] | ||
Debt Instrument [Line Items] | ||
Average Rate | 0.30% | 0.30% |
Denominated Yen with Variable Rate [Member] | ||
Debt Instrument [Line Items] | ||
Unsecured debt | $ 0 | $ 0 |
Denominated Yen [Member] | ||
Debt Instrument [Line Items] | ||
Unsecured debt | $ 1,475 | $ 1,624 |
Short-term Borrowings and Lon_6
Short-term Borrowings and Long-term Debt (Schedule of Debt Maturities) (Details) - USD ($) $ in Millions | Jan. 31, 2022 | Jan. 31, 2021 |
Debt Instrument [Line Items] | ||
2023 | $ 2,803 | $ 3,115 |
Total debt | 37,667 | $ 44,309 |
Unsecured debt [Member] | ||
Debt Instrument [Line Items] | ||
2023 | 2,803 | |
2024 | 4,224 | |
2025 | 3,565 | |
2026 | 857 | |
2027 | 2,757 | |
Thereafter | 23,461 | |
Total debt | $ 37,667 |
Short-term Borrowings and Lon_7
Short-term Borrowings and Long-term Debt - Long Term Debt Issued (Details) - USD ($) $ in Millions | 12 Months Ended | ||||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | Sep. 22, 2021 | Sep. 17, 2021 | |
Debt Instrument [Line Items] | |||||
Proceeds from issuance of long-term debt | $ 6,945 | $ 0 | $ 5,492 | ||
Senior Unsecured Notes [Member] | |||||
Debt Instrument [Line Items] | |||||
Proceeds from issuance of long-term debt | 6,945 | ||||
1.050% Debt, Due 2026 [Member] | Senior Unsecured Notes [Member] | |||||
Debt Instrument [Line Items] | |||||
Principal Amount | $ 1,250 | ||||
Interest Rate | 1.05% | ||||
Proceeds from issuance of long-term debt | 1,243 | ||||
1.500% Debt, Due 2028 [Member] | Senior Unsecured Notes [Member] | |||||
Debt Instrument [Line Items] | |||||
Principal Amount | $ 1,250 | ||||
Interest Rate | 1.50% | ||||
Proceeds from issuance of long-term debt | 1,244 | ||||
1.800% Debt, Due 2031 [Member] | Senior Unsecured Notes [Member] | |||||
Debt Instrument [Line Items] | |||||
Principal Amount | $ 2,000 | ||||
Interest Rate | 1.80% | ||||
Proceeds from issuance of long-term debt | 1,981 | ||||
2.500% Debt, Due 2041 [Member] | Senior Unsecured Notes [Member] | |||||
Debt Instrument [Line Items] | |||||
Principal Amount | $ 1,000 | ||||
Interest Rate | 2.50% | ||||
Proceeds from issuance of long-term debt | 994 | ||||
2.650% Debt, Due 2051 [Member] | Senior Unsecured Notes [Member] | |||||
Debt Instrument [Line Items] | |||||
Principal Amount | $ 1,500 | ||||
Interest Rate | 2.65% | ||||
Proceeds from issuance of long-term debt | $ 1,483 |
Short-term Borrowings and Lon_8
Short-term Borrowings and Long-term Debt (Schedule of Debt Repayments) (Details) ¥ in Millions, $ in Millions | 12 Months Ended | ||||||||||
Jan. 31, 2022USD ($) | Jan. 31, 2021USD ($) | Jan. 31, 2020USD ($) | Sep. 23, 2021USD ($) | Jun. 23, 2021USD ($) | Apr. 15, 2021USD ($) | Dec. 15, 2020USD ($) | Oct. 25, 2020USD ($) | Jul. 28, 2020JPY (Â¥) | Jul. 08, 2020USD ($) | Jun. 23, 2020USD ($) | |
Debt Instrument [Line Items] | |||||||||||
Repayment, Current Maturities | $ 3,010 | ||||||||||
Repayment, Excluding Current Maturities | 10,000 | ||||||||||
Repayments of Long-term Debt | 13,010 | $ 5,382 | $ 1,907 | ||||||||
Unsecured debt [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Repayments of Long-term Debt | 5,382 | ||||||||||
4.250% Debt, Due 2021 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 510 | ||||||||||
Interest Rate | 4.25% | ||||||||||
Repayment, Current Maturities | 510 | ||||||||||
Floating Rate Debt, Due 2021 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 750 | ||||||||||
Repayment, Current Maturities | 750 | ||||||||||
3.125% Debt, Due 2021 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 1,750 | ||||||||||
Interest Rate | 3.125% | ||||||||||
Repayment, Current Maturities | 1,750 | ||||||||||
3.400% Debt, Due 2023 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 2,750 | ||||||||||
Interest Rate | 3.40% | ||||||||||
Repayment, Excluding Current Maturities | 470 | ||||||||||
6.750% Debt, Due 2023 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 152 | ||||||||||
Interest Rate | 6.75% | ||||||||||
Repayment, Excluding Current Maturities | 2 | ||||||||||
2.850% Debt, Due 2024 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 1,500 | ||||||||||
Interest Rate | 2.85% | ||||||||||
Repayment, Excluding Current Maturities | 510 | ||||||||||
2.650% Debt, Due 2024 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 1,000 | ||||||||||
Interest Rate | 2.65% | ||||||||||
Repayment, Excluding Current Maturities | 370 | ||||||||||
3.550% Debt, Due 2025 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 1,500 | ||||||||||
Interest Rate | 3.55% | ||||||||||
Repayment, Excluding Current Maturities | 625 | ||||||||||
3.050% Debt, Due 2026 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 1,250 | ||||||||||
Interest Rate | 3.05% | ||||||||||
Repayment, Excluding Current Maturities | 451 | ||||||||||
5.875% Debt, Due 2027 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 483 | ||||||||||
Interest Rate | 5.875% | ||||||||||
Repayment, Excluding Current Maturities | 110 | ||||||||||
3.700% Debt, Due 2028 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 2,750 | ||||||||||
Interest Rate | 3.70% | ||||||||||
Repayment, Excluding Current Maturities | 1,271 | ||||||||||
3.250% Debt, Due 2029 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 1,250 | ||||||||||
Interest Rate | 3.25% | ||||||||||
Repayment, Excluding Current Maturities | 517 | ||||||||||
2.375% Debt, Due 2029 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 500 | ||||||||||
Interest Rate | 2.375% | ||||||||||
Repayment, Excluding Current Maturities | 181 | ||||||||||
7.550% Debt, Due 2030 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 588 | ||||||||||
Interest Rate | 7.55% | ||||||||||
Repayment, Excluding Current Maturities | 119 | ||||||||||
5.250% Debt, Due 2035 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 1,968 | ||||||||||
Interest Rate | 5.25% | ||||||||||
Repayment, Excluding Current Maturities | 635 | ||||||||||
6.500% Debt, Due 2037 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 1,300 | ||||||||||
Interest Rate | 6.50% | ||||||||||
Repayment, Excluding Current Maturities | 262 | ||||||||||
6.200% Debt, Due 2038 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 919 | ||||||||||
Interest Rate | 6.20% | ||||||||||
Repayment, Excluding Current Maturities | 116 | ||||||||||
3.950% Debt, Due 2038 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 1,500 | ||||||||||
Interest Rate | 3.95% | ||||||||||
Repayment, Excluding Current Maturities | 925 | ||||||||||
5.625% Debt, Due 2040 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 751 | ||||||||||
Interest Rate | 5.625% | ||||||||||
Repayment, Excluding Current Maturities | 142 | ||||||||||
4.875% Debt, Due 2040 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 378 | ||||||||||
Interest Rate | 4.875% | ||||||||||
Repayment, Excluding Current Maturities | 101 | ||||||||||
5.000% Debt, Due 2040 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 519 | ||||||||||
Interest Rate | 5.00% | ||||||||||
Repayment, Excluding Current Maturities | 125 | ||||||||||
5.625% Debt, Due 2041 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 918 | ||||||||||
Interest Rate | 5.625% | ||||||||||
Repayment, Excluding Current Maturities | 305 | ||||||||||
4.000% Debt, Due 2043 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 709 | ||||||||||
Interest Rate | 4.00% | ||||||||||
Repayment, Excluding Current Maturities | 296 | ||||||||||
4.750% Debt, Due 2043 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 269 | ||||||||||
Interest Rate | 4.75% | ||||||||||
Repayment, Excluding Current Maturities | 38 | ||||||||||
4.300% Debt, Due 2044 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 502 | ||||||||||
Interest Rate | 4.30% | ||||||||||
Repayment, Excluding Current Maturities | 172 | ||||||||||
3.625% Debt, Due 2047 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 1,000 | ||||||||||
Interest Rate | 3.625% | ||||||||||
Repayment, Excluding Current Maturities | 566 | ||||||||||
4.050% Debt, Due 2048 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 3,000 | ||||||||||
Interest Rate | 4.05% | ||||||||||
Repayment, Excluding Current Maturities | 1,317 | ||||||||||
2.950% Debt, Due 2049 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 1,000 | ||||||||||
Interest Rate | 2.95% | ||||||||||
Repayment, Excluding Current Maturities | $ 371 | ||||||||||
Floating Rate Debt, Due 2020 [Member] | Unsecured debt [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 750 | ||||||||||
Repayments of Long-term Debt | 750 | ||||||||||
2.850% Debt, Due 2020 [Member] | Unsecured debt [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 1,250 | ||||||||||
Interest Rate | 2.85% | ||||||||||
Repayments of Long-term Debt | 1,250 | ||||||||||
3.630% Debt Due 2020 [Member] | Unsecured debt [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 840 | ||||||||||
Interest Rate | 3.63% | ||||||||||
Repayments of Long-term Debt | 840 | ||||||||||
1.600% Debt Due 2020 [Member] | Unsecured debt [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | ¥ | ¥ 10,000 | ||||||||||
Interest Rate | 1.60% | ||||||||||
Repayments of Long-term Debt | 95 | ||||||||||
3.250% Debt Due 2020 [Member] | Unsecured debt [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 1,197 | ||||||||||
Interest Rate | 3.25% | ||||||||||
Repayments of Long-term Debt | 1,197 | ||||||||||
1.900% Debt Due 2020 [Member] | Unsecured debt [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Principal Amount | $ 1,250 | ||||||||||
Interest Rate | 1.90% | ||||||||||
Repayments of Long-term Debt | $ 1,250 |
Leases (Leases Cost) (Details)
Leases (Leases Cost) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | |
Leases [Abstract] | |||
Operating lease cost | $ 2,274 | $ 2,626 | $ 2,670 |
Amortization of right-of-use assets | 565 | 583 | 480 |
Interest on lease obligations | 232 | 298 | 306 |
Variable lease cost | $ 823 | $ 777 | $ 691 |
Leases (Schedule of Other Infor
Leases (Schedule of Other Information Relating to Lease Liabilities) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | |
Leases [Abstract] | |||
Operating cash flows from operating leases | $ 2,234 | $ 2,629 | $ 2,614 |
Operating cash flows from finance leases | 225 | 286 | 278 |
Financing cash flows from finance leases | 538 | 546 | 485 |
Assets obtained in exchange for operating lease obligations | 1,816 | 2,131 | 2,151 |
Assets obtained in exchange for finance lease obligations | $ 1,044 | $ 1,547 | $ 1,081 |
Weighted-average remaining lease term - operating leases | 12 years 2 months 12 days | 12 years 6 months | |
Weighted-average remaining lease term - finance leases | 13 years 4 months 24 days | 13 years 8 months 12 days | |
Weighted-average discount rate - operating leases | 5.90% | 6.10% | |
Weighted-average discount rate - finance leases | 6.50% | 6.80% |
Leases (Lessee Liability Maturi
Leases (Lessee Liability Maturity) (Details) $ in Millions | Jan. 31, 2022USD ($) |
Operating Leases | |
2023 | $ 2,164 |
2024 | 2,040 |
2025 | 1,876 |
2026 | 1,713 |
2027 | 1,551 |
Thereafter | 11,322 |
Total undiscounted lease obligations | 20,666 |
Less imputed interest | (6,174) |
Operating lease, liability | 14,492 |
Finance Leases | |
2023 | 736 |
2024 | 675 |
2025 | 611 |
2026 | 555 |
2027 | 482 |
Thereafter | 4,987 |
Total undiscounted lease obligations | 8,046 |
Less imputed interest | (3,292) |
Finance lease, liability | $ 4,754 |
Fair Value Measurements (Recurr
Fair Value Measurements (Recurring and Nonrecurring) (Details) - USD ($) $ in Millions | Jan. 31, 2022 | Jan. 31, 2021 |
Debt and Equity Securities, FV-NI [Line Items] | ||
Equity investments | $ 11,888 | $ 14,422 |
Fair Value, Inputs, Level 1 [Member] | Recurring [Member] | ||
Debt and Equity Securities, FV-NI [Line Items] | ||
Equity investments | 6,069 | 6,517 |
Fair Value, Inputs, Level 2 [Member] | Recurring [Member] | ||
Debt and Equity Securities, FV-NI [Line Items] | ||
Equity investments | $ 5,819 | $ 7,905 |
Fair Value Measurements (Notion
Fair Value Measurements (Notional Amounts And Fair Values Of Interest Rate Swaps) (Details) - USD ($) $ in Millions | Jan. 31, 2022 | Jan. 31, 2021 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Notional Amount | $ 15,876 | $ 9,573 |
Fair Value Hedging [Member] | Interest Rate Swap [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Notional Amount | 8,021 | 3,250 |
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 | 0 | 1,250 |
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 | 7,855 | 5,073 |
Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | (1,095) | 83 |
Recurring [Member] | Fair Value Hedging [Member] | Interest Rate Swap [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | (47) | 166 |
Recurring [Member] | 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 | 0 | 311 |
Recurring [Member] | 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 | $ (1,048) | $ (394) |
Fair Value Measurements (Narrat
Fair Value Measurements (Narrative) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Losses on disposal of business operations | $ 433 | $ 8,401 | $ 15 |
Asda [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Losses on disposal of business operations | 5,500 | ||
Accumulated pension components included in disposal group, expected amount | 2,300 | ||
Walmart International [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Losses on disposal of business operations | $ 400 | $ 8,300 | |
Impairment charges | 400 | ||
Walmart U S [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impairment charges | $ 500 |
Fair Value Measurements (Carryi
Fair Value Measurements (Carrying Value And Fair Value Of Long-Term Debt) (Details) - USD ($) $ in Millions | Jan. 31, 2022 | Jan. 31, 2021 |
Carrying Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, including amounts due within one year | $ 37,667 | $ 44,309 |
Fair Value, Inputs, Level 2 [Member] | Fair Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, including amounts due within one year | $ 42,381 | $ 54,240 |
Taxes (Schedule of Income Befor
Taxes (Schedule of Income Before Income Taxes) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | |
Income Tax Disclosure [Abstract] | |||
U.S. | $ 15,536 | $ 18,068 | $ 15,019 |
Non-U.S. | 3,160 | 2,496 | 5,097 |
Income before income taxes | $ 18,696 | $ 20,564 | $ 20,116 |
Taxes (Schedule of Income Tax P
Taxes (Schedule of Income Tax Provision) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | |
Current: | |||
U.S. federal | $ 3,313 | $ 2,991 | $ 2,794 |
U.S. state and local | 649 | 742 | 587 |
International | 1,553 | 1,127 | 1,205 |
Total current tax provision | 5,515 | 4,860 | 4,586 |
Deferred: | |||
U.S. federal | (671) | 2,316 | 663 |
U.S. state and local | 41 | 23 | 35 |
International | (129) | (341) | (369) |
Total deferred tax expense (benefit) | (759) | 1,998 | 329 |
Total provision for income taxes | $ 4,756 | $ 6,858 | $ 4,915 |
Taxes (Narrative) (Details)
Taxes (Narrative) (Details) - USD ($) $ in Millions | Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | Jan. 31, 2019 |
Taxes [Line Items] | ||||
Deferred tax liability | $ 3,000 | |||
Operating loss and capital loss carryforwards | 39,300 | |||
Valuation allowances | 9,542 | $ 8,782 | ||
Unrecognized tax benefits | 3,245 | 3,135 | $ 1,817 | $ 1,305 |
Unrecognized tax benefits that would impact effective tax rate | 1,800 | $ 1,700 | ||
Operating loss and capital loss carryforward expiring by 2040 [Member] | ||||
Taxes [Line Items] | ||||
Operating loss and capital loss carryforwards | $ 26,600 |
Taxes (Schedule of Income Tax R
Taxes (Schedule of Income Tax Rate) (Details) | 12 Months Ended | ||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | |
Income Tax Disclosure [Abstract] | |||
U.S. statutory tax rate | 21.00% | 21.00% | 21.00% |
U.S. state income taxes, net of federal income tax benefit | 2.80% | 2.90% | 2.20% |
Income taxed outside the U.S. | (1.50%) | (0.10%) | (1.00%) |
Disposal and wind-down of certain business operations | 0.50% | 7.10% | 0.00% |
Valuation allowance | 4.40% | 2.30% | 2.30% |
Net impact of repatriated international earnings | (0.30%) | (0.40%) | 0.40% |
Federal tax credits | (1.10%) | (0.90%) | (0.80%) |
Enacted change in tax laws | 0.00% | 0.00% | (1.90%) |
Change in reserve for tax contingencies | 0.20% | 0.80% | 2.50% |
Other, net | (0.60%) | 0.60% | (0.30%) |
Effective income tax rate | 25.40% | 33.30% | 24.40% |
Taxes (Schedule of Deferred Tax
Taxes (Schedule of Deferred Tax Balances) (Details) - USD ($) $ in Millions | Jan. 31, 2022 | Jan. 31, 2021 |
Deferred tax assets: | ||
Loss and tax credit carryforwards | $ 9,456 | $ 9,179 |
Accrued liabilities | 2,752 | 2,582 |
Share-based compensation | 231 | 224 |
Lease obligations | 4,320 | 4,450 |
Other | 893 | 589 |
Total deferred tax assets | 17,652 | 17,024 |
Valuation allowances | (9,542) | (8,782) |
Deferred tax assets, net of valuation allowances | 8,110 | 8,242 |
Deferred tax liabilities: | ||
Property and equipment | 4,414 | 4,802 |
Acquired intangibles | 1,065 | 1,071 |
Inventory | 1,588 | 1,235 |
Lease right of use assets | 4,355 | 4,390 |
Mark-to-market investments | 1,825 | 2,678 |
Other | 307 | 675 |
Total deferred tax liabilities | 13,554 | 14,851 |
Net deferred tax liabilities | $ 5,444 | $ 6,609 |
Taxes (Schedule of Deferred T_2
Taxes (Schedule of Deferred Tax Classification in the Balance Sheet) (Details) - USD ($) $ in Millions | Jan. 31, 2022 | Jan. 31, 2021 |
Liabilities: | ||
Net deferred tax liabilities | $ 5,444 | $ 6,609 |
Other long-term assets [Member] | ||
ASSETS | ||
Other long-term assets | 1,473 | 1,836 |
Deferred income taxes and other [Member] | ||
Liabilities: | ||
Net deferred tax liabilities | $ 6,917 | $ 8,445 |
Taxes (Reconciliation of Unreco
Taxes (Reconciliation of Unrecognized Tax Benefits from Continuing Operations) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | |
Reconciliation of Unrecognized Tax Benefits | |||
Gross unrecognized tax benefits, beginning of year | $ 3,135 | $ 1,817 | $ 1,305 |
Increases related to prior year tax positions | 170 | 92 | 516 |
Decreases related to prior year tax positions | (97) | (264) | (15) |
Increases related to current year tax positions | 75 | 1,582 | 66 |
Settlements during the period | (5) | (64) | (29) |
Lapse in statutes of limitations | (33) | (28) | (26) |
Gross unrecognized tax benefits, end of year | $ 3,245 | $ 3,135 | $ 1,817 |
Contingencies (Details)
Contingencies (Details) - Opioids Litigation [Member] | Jan. 31, 2022securitiesClassActionnumberOfShareholders | Nov. 19, 2021Case | Sep. 27, 2021numberOfShareholders |
Loss Contingencies [Line Items] | |||
Number of consolidated cases not involving Walmart | Case | 2 | ||
Number of securities class actions | securitiesClassAction | 2 | ||
Number of shareholders that filed derivative actions | numberOfShareholders | 2 | 3 |
Retirement-Related Benefits (Na
Retirement-Related Benefits (Narrative) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | |
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% | ||
Asda pension contribution | $ 0 | $ 0 | $ (1,036) |
Asda [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | |||
Contribution expense from retirement plans [Line Items] | |||
Accumulated pension components included in disposal group, expected amount | $ 2,300 | ||
Pension Plan [Member] | Asda Group Pension Scheme [Member] | |||
Contribution expense from retirement plans [Line Items] | |||
Asda pension contribution | $ 1,000 |
Retirement-Related Benefits (Sc
Retirement-Related Benefits (Schedule of Contribution Expense Related to Defined Contribution Plans) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | |
Contribution expense from retirement plans [Line Items] | |||
Total contribution expense for defined contribution plans | $ 1,480 | $ 1,490 | $ 1,361 |
UNITED STATES [Member] | |||
Contribution expense from retirement plans [Line Items] | |||
Total contribution expense for defined contribution plans | 1,441 | 1,290 | 1,184 |
Foreign Plan [Member] | |||
Contribution expense from retirement plans [Line Items] | |||
Total contribution expense for defined contribution plans | $ 39 | $ 200 | $ 177 |
Disposals, Acquisitions and R_3
Disposals, Acquisitions and Related Items (Narrative) (Details) - USD ($) $ in Millions | 12 Months Ended | ||||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | Mar. 31, 2021 | Feb. 28, 2021 | |
Business Acquisition [Line Items] | |||||
Losses on disposal of business operations | $ 433 | $ 8,401 | $ 15 | ||
Seiyu [Member] | |||||
Business Acquisition [Line Items] | |||||
Ownership interest in investment | 15.00% | ||||
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Asda [Member] | |||||
Business Acquisition [Line Items] | |||||
Disposal group, consideration | $ 9,600 | ||||
Losses on disposal of business operations | $ 200 | ||||
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Seiyu [Member] | |||||
Business Acquisition [Line Items] | |||||
Losses on disposal of business operations | $ 200 | ||||
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Walmart Argentina [Member] | |||||
Business Acquisition [Line Items] | |||||
Losses on disposal of business operations | 1,000 | ||||
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Asda [Member] | |||||
Business Acquisition [Line Items] | |||||
Losses on disposal of business operations | 5,500 | ||||
Accumulated pension components included in disposal group, expected amount | 2,300 | ||||
Reduction to fair value of disposal group | 800 | ||||
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Seiyu [Member] | |||||
Business Acquisition [Line Items] | |||||
Disposal group, consideration | $ 1,200 | ||||
Losses on disposal of business operations | $ 1,900 |
Disposals, Acquisitions and R_4
Disposals, Acquisitions and Related Items (Assets and Liabilities Held for sale) (Details) - USD ($) $ in Millions | 12 Months Ended | |
Jan. 31, 2021 | Jan. 31, 2022 | |
Disposal Group, Including Discontinued Operation, Liabilities [Abstract] | ||
Current liabilities | $ 12,734 | $ 21 |
Asda and Seiyu [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | ||
Disposal Group, Including Discontinued Operation, Assets [Abstract] | ||
Cash and cash equivalents | 1,848 | |
Other current assets | 2,545 | |
Property and equipment, net | 13,193 | |
Operating lease right-of-use assets | 4,360 | |
Finance lease right-of-use assets, net | 1,395 | |
Goodwill | 2,211 | |
Other long-term assets | 1,063 | |
Valuation allowance against assets held for sale | (7,420) | |
Total assets held for sale | 19,195 | |
Disposal Group, Including Discontinued Operation, Liabilities [Abstract] | ||
Current liabilities | 6,535 | |
Operating lease obligations, including amounts due within one year | 4,245 | |
Finance lease obligations, including amounts due within one year | 1,495 | |
Deferred income taxes and other | 459 | |
Total liabilities held for sale | 12,734 | |
Foreign currency translation | 1,300 | |
Asda [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | ||
Disposal Group, Including Discontinued Operation, Liabilities [Abstract] | ||
Accumulated pension components included in disposal group, expected amount | $ 2,300 |
Segments and Disaggregated Re_3
Segments and Disaggregated Revenue (Narrative) (Details) | 12 Months Ended |
Jan. 31, 2022segment | |
Segment Reporting Information, Profit (Loss) [Abstract] | |
Number of reportable segments | 3 |
Segments and Disaggregated Re_4
Segments and Disaggregated Revenue (Schedule of Segment Reporting Information by Segment) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | |
Segment Reporting Information [Line Items] | |||
Net sales | $ 567,762 | $ 555,233 | $ 519,926 |
Operating income (loss) | 25,942 | 22,548 | 20,568 |
Interest, net | (1,836) | (2,194) | (2,410) |
Loss on extinguishment of debt | (2,410) | 0 | 0 |
Other gains and (losses) | (3,000) | 210 | 1,958 |
Income before income taxes | 18,696 | 20,564 | 20,116 |
Total assets | 244,860 | 252,496 | 236,495 |
Depreciation and amortization | 10,658 | 11,152 | 10,987 |
Capital expenditures | 13,106 | 10,264 | 10,705 |
Walmart U S [Member] | |||
Segment Reporting Information [Line Items] | |||
Net sales | 393,247 | 369,963 | 341,004 |
Operating income (loss) | 21,587 | 19,116 | 17,380 |
Total assets | 125,044 | 113,490 | 110,353 |
Depreciation and amortization | 6,773 | 6,561 | 6,408 |
Capital expenditures | 8,475 | 6,131 | 6,315 |
Walmart International [Member] | |||
Segment Reporting Information [Line Items] | |||
Net sales | 100,959 | 121,360 | 120,130 |
Operating income (loss) | 3,758 | 3,660 | 3,370 |
Total assets | 91,403 | 109,445 | 105,811 |
Depreciation and amortization | 1,963 | 2,633 | 2,682 |
Capital expenditures | 2,497 | 2,436 | 2,801 |
Sams Club [Member] | |||
Segment Reporting Information [Line Items] | |||
Net sales | 73,556 | 63,910 | 58,792 |
Operating income (loss) | 2,259 | 1,906 | 1,642 |
Total assets | 14,678 | 13,415 | 13,494 |
Depreciation and amortization | 601 | 599 | 605 |
Capital expenditures | 622 | 488 | 525 |
Corporate and support [Member] | |||
Segment Reporting Information [Line Items] | |||
Net sales | 0 | 0 | 0 |
Operating income (loss) | (1,662) | (2,134) | (1,824) |
Total assets | 13,735 | 16,146 | 6,837 |
Depreciation and amortization | 1,321 | 1,359 | 1,292 |
Capital expenditures | $ 1,512 | $ 1,209 | $ 1,064 |
Segments and Disaggregated Re_5
Segments and Disaggregated Revenue (Segment Revenues and Long-Lived Assets) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | |
Segment Reporting Information [Line Items] | |||
Total revenues | $ 572,754 | $ 559,151 | $ 523,964 |
Total long-lived assets | 112,624 | 109,848 | 127,049 |
UNITED STATES [Member] | |||
Segment Reporting Information [Line Items] | |||
Total revenues | 470,295 | 436,649 | 402,532 |
Total long-lived assets | 89,795 | 87,068 | 86,944 |
Walmart International [Member] | |||
Segment Reporting Information [Line Items] | |||
Total revenues | 102,459 | 122,502 | 121,432 |
Total long-lived assets | $ 22,829 | $ 22,780 | $ 40,105 |
Segments and Disaggregated Re_6
Segments and Disaggregated Revenue (Revenue from Contract with Customer Excluding Assessed Tax Walmart U.S) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | |
Revenue from External Customer [Line Items] | |||
Net sales | $ 567,762 | $ 555,233 | $ 519,926 |
Walmart U S [Member] | |||
Revenue from External Customer [Line Items] | |||
Net sales | 393,247 | 369,963 | 341,004 |
Walmart U S [Member] | E Commerce [Member] | |||
Revenue from External Customer [Line Items] | |||
Net sales | 47,800 | 43,000 | 24,100 |
Grocery [Member] | Walmart U S [Member] | |||
Revenue from External Customer [Line Items] | |||
Net sales | 218,944 | 208,413 | 192,428 |
General Merchandise [Member] | Walmart U S [Member] | |||
Revenue from External Customer [Line Items] | |||
Net sales | 125,876 | 119,406 | 108,687 |
Health and Wellness [Member] | Walmart U S [Member] | |||
Revenue from External Customer [Line Items] | |||
Net sales | 42,839 | 38,522 | 36,558 |
Other Categories [Member] | Walmart U S [Member] | |||
Revenue from External Customer [Line Items] | |||
Net sales | $ 5,588 | $ 3,622 | $ 3,331 |
Segments and Disaggregated Re_7
Segments and Disaggregated Revenue (Revenue from Contract with Customer Excluding Assessed Tax, International) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | |
Revenue from External Customer [Line Items] | |||
Net sales | $ 567,762 | $ 555,233 | $ 519,926 |
Walmart International [Member] | |||
Revenue from External Customer [Line Items] | |||
Net sales | 100,959 | 121,360 | 120,130 |
Walmart International [Member] | E Commerce [Member] | |||
Revenue from External Customer [Line Items] | |||
Net sales | 18,500 | 16,600 | 11,800 |
Mexico and Central America [Member] | Walmart International [Member] | |||
Revenue from External Customer [Line Items] | |||
Net sales | 35,964 | 32,642 | 33,350 |
CANADA [Member] | Walmart International [Member] | |||
Revenue from External Customer [Line Items] | |||
Net sales | 21,773 | 19,991 | 18,420 |
CHINA [Member] | Walmart International [Member] | |||
Revenue from External Customer [Line Items] | |||
Net sales | 13,852 | 11,430 | 10,671 |
UNITED KINGDOM [Member] | Walmart International [Member] | |||
Revenue from External Customer [Line Items] | |||
Net sales | 3,811 | 29,234 | 29,243 |
Other [Member] | Walmart International [Member] | |||
Revenue from External Customer [Line Items] | |||
Net sales | $ 25,559 | $ 28,063 | $ 28,446 |
Segments and Disaggregated Re_8
Segments and Disaggregated Revenue (Revenue from Contract with Customer Excluding Assessed Tax, Sam's Club) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 | |
Revenue from External Customer [Line Items] | |||
Net sales | $ 567,762 | $ 555,233 | $ 519,926 |
Sams Club [Member] | |||
Revenue from External Customer [Line Items] | |||
Net sales | 73,556 | 63,910 | 58,792 |
Sams Club [Member] | E Commerce [Member] | |||
Revenue from External Customer [Line Items] | |||
Net sales | 6,900 | 5,300 | 3,800 |
Grocery and consumables [Member] | Sams Club [Member] | |||
Revenue from External Customer [Line Items] | |||
Net sales | 46,822 | 42,148 | 35,043 |
Fuel, tobacco, and other categories [Member] | Sams Club [Member] | |||
Revenue from External Customer [Line Items] | |||
Net sales | 11,048 | 7,838 | 10,571 |
Home and apparel [Member] | Sams Club [Member] | |||
Revenue from External Customer [Line Items] | |||
Net sales | 8,740 | 7,092 | 6,744 |
Health and Wellness [Member] | Sams Club [Member] | |||
Revenue from External Customer [Line Items] | |||
Net sales | 3,956 | 3,792 | 3,372 |
Technology, offices, and entertainment [Member] | Sams Club [Member] | |||
Revenue from External Customer [Line Items] | |||
Net sales | $ 2,990 | $ 3,040 | $ 3,062 |
Subsequent Event (Details)
Subsequent Event (Details) - $ / shares | Feb. 17, 2022 | Jan. 31, 2022 | Jan. 31, 2021 | Jan. 31, 2020 |
Subsequent Event [Line Items] | ||||
Dividends declared per common share (in USD per share) | $ 2.20 | $ 2.16 | $ 2.12 | |
Subsequent Event [Member] | ||||
Subsequent Event [Line Items] | ||||
Dividends declared per common share (in USD per share) | $ 2.24 | |||
Common stock, quarterly dividends, per share, declared (in USD per share) | $ 0.56 |