Cover Page
Cover Page - shares | 6 Months Ended | |
Jul. 31, 2023 | Aug. 30, 2023 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jul. 31, 2023 | |
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, City or Town | Bentonville | |
Entity Address, State or Province | AR | |
Entity Address, Postal Zip Code | 72716 | |
City Area Code | 479 | |
Local Phone Number | 273-4000 | |
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 | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 2,691,563,850 | |
Entity Central Index Key | 0000104169 | |
Current Fiscal Year End Date | --01-31 | |
Document Fiscal Year Focus | 2024 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false | |
Common Stock, par value $0.10 per share | ||
Document Information [Line Items] | ||
Title of 12(b) Security | Common Stock, par value $0.10 per share | |
Trading Symbol | WMT | |
Security Exchange Name | NYSE | |
2.550% Notes Due 2026 | ||
Document Information [Line Items] | ||
Title of 12(b) Security | 2.550% Notes Due 2026 | |
Trading Symbol | WMT26 | |
Security Exchange Name | NYSE |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2023 | Jul. 31, 2022 | |
Revenues: | ||||
Net sales | $ 160,280 | $ 151,381 | $ 311,284 | $ 291,669 |
Membership and other income | 1,352 | 1,478 | 2,649 | 2,759 |
Total revenues | 161,632 | 152,859 | 313,933 | 294,428 |
Costs and expenses: | ||||
Cost of sales | 121,850 | 115,838 | 237,134 | 222,685 |
Operating, selling, general and administrative expenses | 32,466 | 30,167 | 63,243 | 59,571 |
Operating income | 7,316 | 6,854 | 13,556 | 12,172 |
Interest: | ||||
Debt | 543 | 395 | 1,111 | 767 |
Finance lease | 99 | 84 | 195 | 167 |
Interest income | (148) | (31) | (255) | (67) |
Interest, net | 494 | 448 | 1,051 | 867 |
Other (gains) and losses | (3,905) | (238) | (910) | 1,760 |
Income before income taxes | 10,727 | 6,644 | 13,415 | 9,545 |
Provision for income taxes | 2,674 | 1,497 | 3,466 | 2,295 |
Consolidated net income | 8,053 | 5,147 | 9,949 | 7,250 |
Consolidated net (income) loss attributable to noncontrolling interest | (162) | 2 | (385) | (47) |
Consolidated net income attributable to Walmart | $ 7,891 | $ 5,149 | $ 9,564 | $ 7,203 |
Net income per common share: | ||||
Basic net income per common share attributable to Walmart (in dollars per share) | $ 2.93 | $ 1.88 | $ 3.55 | $ 2.62 |
Diluted net income per common share attributable to Walmart (in dollars per share) | $ 2.92 | $ 1.88 | $ 3.54 | $ 2.61 |
Weighted-average common shares outstanding: | ||||
Basic (shares) | 2,693 | 2,736 | 2,694 | 2,745 |
Diluted (shares) | 2,703 | 2,745 | 2,703 | 2,755 |
Dividends declared per common share (in dollars per share) | $ 0 | $ 0 | $ 2.28 | $ 2.24 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2023 | Jul. 31, 2022 | |
Statement of Comprehensive Income [Abstract] | ||||
Consolidated net income | $ 8,053 | $ 5,147 | $ 9,949 | $ 7,250 |
Consolidated net (income) loss attributable to noncontrolling interest | (162) | 2 | (385) | (47) |
Consolidated net income attributable to Walmart | 7,891 | 5,149 | 9,564 | 7,203 |
Other comprehensive income (loss), net of income taxes | ||||
Currency translation and other | 307 | (1,380) | 1,116 | (1,148) |
Net investment hedges | 0 | 0 | 0 | 0 |
Cash flow hedges | 135 | (293) | 66 | (251) |
Minimum pension liability | (1) | 2 | 1 | 3 |
Other comprehensive income (loss), net of income taxes | 441 | (1,671) | 1,183 | (1,396) |
Other comprehensive (income) loss attributable to noncontrolling interest | (112) | 275 | (321) | 268 |
Other comprehensive income (loss) attributable to Walmart | 329 | (1,396) | 862 | (1,128) |
Comprehensive income, net of income taxes | 8,494 | 3,476 | 11,132 | 5,854 |
Comprehensive (income) loss attributable to noncontrolling interest | (274) | 277 | (706) | 221 |
Comprehensive income attributable to Walmart | $ 8,220 | $ 3,753 | $ 10,426 | $ 6,075 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions | Jul. 31, 2023 | Jan. 31, 2023 | Jul. 31, 2022 |
Current assets: | |||
Cash and cash equivalents | $ 13,888 | $ 8,625 | $ 13,923 |
Receivables, net | 7,891 | 7,933 | 7,522 |
Inventories | 56,722 | 56,576 | 59,921 |
Prepaid expenses and other | 3,531 | 2,521 | 2,798 |
Total current assets | 82,032 | 75,655 | 84,164 |
Property and equipment, net | 104,733 | 100,760 | 96,006 |
Operating lease right-of-use assets | 13,710 | 13,555 | 13,872 |
Finance lease right-of-use assets, net | 5,552 | 4,919 | 4,514 |
Goodwill | 28,268 | 28,174 | 28,664 |
Other long-term assets | 20,826 | 20,134 | 19,979 |
Total assets | 255,121 | 243,197 | 247,199 |
Current liabilities: | |||
Short-term borrowings | 4,546 | 372 | 10,634 |
Accounts payable | 56,576 | 53,742 | 54,191 |
Dividends payable | 3,067 | 0 | 3,049 |
Accrued liabilities | 29,239 | 31,126 | 23,843 |
Accrued income taxes | 770 | 727 | 868 |
Long-term debt due within one year | 2,897 | 4,191 | 5,316 |
Operating lease obligations due within one year | 1,472 | 1,473 | 1,464 |
Finance lease obligations due within one year | 653 | 567 | 534 |
Total current liabilities | 99,220 | 92,198 | 99,899 |
Long-term debt | 36,806 | 34,649 | 29,801 |
Long-term operating lease obligations | 12,978 | 12,828 | 13,140 |
Long-term finance lease obligations | 5,449 | 4,843 | 4,420 |
Deferred income taxes and other | 15,109 | 14,688 | 14,092 |
Commitments and contingencies | |||
Redeemable noncontrolling interest | 232 | 237 | 260 |
Equity: | |||
Common stock | 269 | 269 | 272 |
Capital in excess of par value | 4,635 | 4,969 | 4,672 |
Retained earnings | 85,470 | 83,135 | 82,519 |
Accumulated other comprehensive loss | (10,818) | (11,680) | (9,894) |
Total Walmart shareholders' equity | 79,556 | 76,693 | 77,569 |
Nonredeemable noncontrolling interest | 5,771 | 7,061 | 8,018 |
Total equity | 85,327 | 83,754 | 85,587 |
Total liabilities, redeemable noncontrolling interest, and equity | $ 255,121 | $ 243,197 | $ 247,199 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) shares in Millions, $ in Millions | Total | Common Stock | Capital in Excess of Par Value | Retained Earnings | Accumulated Other Comprehensive Loss | Total Walmart Shareholders' Equity | Nonredeemable Noncontrolling Interest |
Beginning balance (in shares) at Jan. 31, 2022 | 2,761 | ||||||
Beginning balance at Jan. 31, 2022 | $ 91,891 | $ 276 | $ 4,839 | $ 86,904 | $ (8,766) | $ 83,253 | $ 8,638 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Consolidated net income | 2,103 | 2,054 | 2,054 | 49 | |||
Other comprehensive income, net of income taxes | 275 | 268 | 268 | 7 | |||
Dividends declared | (6,173) | (6,173) | (6,173) | ||||
Purchase of Company stock (in shares) | (17) | ||||||
Purchase of Company stock | (2,376) | $ (2) | (125) | (2,249) | (2,376) | ||
Sale of subsidiary stock | 35 | 24 | 24 | 11 | |||
Other (in shares) | 4 | ||||||
Other | (155) | $ 1 | (151) | (4) | (154) | (1) | |
Ending balance (in shares) at Apr. 30, 2022 | 2,748 | ||||||
Ending balance at Apr. 30, 2022 | 85,600 | $ 275 | 4,587 | 80,532 | (8,498) | 76,896 | 8,704 |
Beginning balance (in shares) at Jan. 31, 2022 | 2,761 | ||||||
Beginning balance at Jan. 31, 2022 | 91,891 | $ 276 | 4,839 | 86,904 | (8,766) | 83,253 | 8,638 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Consolidated net income | 7,250 | ||||||
Other comprehensive income, net of income taxes | (1,396) | ||||||
Ending balance (in shares) at Jul. 31, 2022 | 2,722 | ||||||
Ending balance at Jul. 31, 2022 | 85,587 | $ 272 | 4,672 | 82,519 | (9,894) | 77,569 | 8,018 |
Beginning balance (in shares) at Apr. 30, 2022 | 2,748 | ||||||
Beginning balance at Apr. 30, 2022 | 85,600 | $ 275 | 4,587 | 80,532 | (8,498) | 76,896 | 8,704 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Consolidated net income | 5,147 | 5,149 | 5,149 | (2) | |||
Other comprehensive income, net of income taxes | (1,671) | (1,396) | (1,396) | (275) | |||
Purchase of Company stock (in shares) | (26) | ||||||
Purchase of Company stock | (3,386) | $ (3) | (182) | (3,201) | (3,386) | ||
Dividends to noncontrolling interest | (434) | (434) | |||||
Sale of subsidiary stock | 10 | 8 | 8 | 2 | |||
Other | 321 | 259 | 39 | 298 | 23 | ||
Ending balance (in shares) at Jul. 31, 2022 | 2,722 | ||||||
Ending balance at Jul. 31, 2022 | 85,587 | $ 272 | 4,672 | 82,519 | (9,894) | 77,569 | 8,018 |
Beginning balance (in shares) at Jan. 31, 2023 | 2,693 | ||||||
Beginning balance at Jan. 31, 2023 | 83,754 | $ 269 | 4,969 | 83,135 | (11,680) | 76,693 | 7,061 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Consolidated net income | 1,896 | 1,673 | 1,673 | 223 | |||
Other comprehensive income, net of income taxes | 742 | 533 | 533 | 209 | |||
Dividends declared | (6,139) | (6,139) | (6,139) | ||||
Purchase of Company stock (in shares) | (5) | ||||||
Purchase of Company stock | (671) | $ (1) | (38) | (632) | (671) | ||
Dividends to noncontrolling interest | (761) | (761) | |||||
Sale of subsidiary stock | 483 | 389 | 389 | 94 | |||
Other (in shares) | 6 | ||||||
Other | (73) | $ 1 | (72) | (2) | (73) | ||
Ending balance (in shares) at Apr. 30, 2023 | 2,694 | ||||||
Ending balance at Apr. 30, 2023 | 79,231 | $ 269 | 5,248 | 78,035 | (11,147) | 72,405 | 6,826 |
Beginning balance (in shares) at Jan. 31, 2023 | 2,693 | ||||||
Beginning balance at Jan. 31, 2023 | 83,754 | $ 269 | 4,969 | 83,135 | (11,680) | 76,693 | 7,061 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Consolidated net income | 9,949 | ||||||
Other comprehensive income, net of income taxes | 1,183 | ||||||
Purchase of noncontrolling interest | (2,443) | (1,076) | (1,076) | (1,367) | |||
Ending balance (in shares) at Jul. 31, 2023 | 2,692 | ||||||
Ending balance at Jul. 31, 2023 | 85,327 | $ 269 | 4,635 | 85,470 | (10,818) | 79,556 | 5,771 |
Beginning balance (in shares) at Apr. 30, 2023 | 2,694 | ||||||
Beginning balance at Apr. 30, 2023 | 79,231 | $ 269 | 5,248 | 78,035 | (11,147) | 72,405 | 6,826 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Consolidated net income | 8,053 | 7,891 | 7,891 | 162 | |||
Other comprehensive income, net of income taxes | 441 | 329 | 329 | 112 | |||
Purchase of Company stock (in shares) | (3) | ||||||
Purchase of Company stock | (483) | (29) | (454) | (483) | |||
Dividends to noncontrolling interest | (6) | (6) | |||||
Sale of subsidiary stock | 214 | 160 | 160 | 54 | |||
Other (in shares) | 1 | ||||||
Other | 320 | 332 | (2) | 330 | (10) | ||
Ending balance (in shares) at Jul. 31, 2023 | 2,692 | ||||||
Ending balance at Jul. 31, 2023 | $ 85,327 | $ 269 | $ 4,635 | $ 85,470 | $ (10,818) | $ 79,556 | $ 5,771 |
Condensed Consolidated Statem_4
Condensed Consolidated Statements of Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares | 3 Months Ended | 6 Months Ended | ||||
Jul. 31, 2023 | Apr. 30, 2023 | Jul. 31, 2022 | Apr. 30, 2022 | Jul. 31, 2023 | Jul. 31, 2022 | |
Statement of Stockholders' Equity [Abstract] | ||||||
Dividends declared (in dollars per share) | $ 0 | $ 2.28 | $ 0 | $ 2.24 | $ 2.28 | $ 2.24 |
Condensed Consolidated Statem_5
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions | 6 Months Ended | |
Jul. 31, 2023 | Jul. 31, 2022 | |
Cash flows from operating activities: | ||
Consolidated net income | $ 9,949 | $ 7,250 |
Adjustments to reconcile consolidated net income to net cash provided by operating activities: | ||
Depreciation and amortization | 5,750 | 5,379 |
Investment (gains) and losses, net | (773) | 1,988 |
Deferred income taxes | 436 | 111 |
Other operating activities | 849 | 244 |
Changes in certain assets and liabilities, net of effects of acquisitions and dispositions: | ||
Receivables, net | 115 | 874 |
Inventories | 222 | (3,730) |
Accounts payable | 2,999 | (453) |
Accrued liabilities | (1,368) | (2,439) |
Accrued income taxes | 22 | 16 |
Net cash provided by operating activities | 18,201 | 9,240 |
Cash flows from investing activities: | ||
Payments for property and equipment | (9,216) | (7,492) |
Proceeds from the disposal of property and equipment | 133 | 72 |
Proceeds from disposal of certain operations | 135 | 0 |
Payments for business acquisitions, net of cash acquired | (9) | (616) |
Other investing activities | (952) | (548) |
Net cash used in investing activities | (9,909) | (8,584) |
Cash flows from financing activities: | ||
Net change in short-term borrowings | 4,181 | 10,230 |
Proceeds from issuance of long-term debt | 4,967 | 0 |
Repayments of long-term debt | (4,063) | (1,439) |
Dividends paid | (3,072) | (3,081) |
Purchase of Company stock | (1,171) | (5,747) |
Dividends paid to noncontrolling interest | (214) | 0 |
Sale of subsidiary stock | 697 | 45 |
Purchase of noncontrolling interest | (3,462) | 0 |
Other financing activities | (1,172) | (1,408) |
Net cash used in financing activities | (3,309) | (1,400) |
Effect of exchange rates on cash, cash equivalents and restricted cash | 147 | (100) |
Net increase (decrease) in cash, cash equivalents and restricted cash | 5,130 | (844) |
Cash, cash equivalents and restricted cash at beginning of year | 8,841 | 14,834 |
Cash, cash equivalents and restricted cash at end of period | $ 13,971 | $ 13,990 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 6 Months Ended |
Jul. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies Basis of Presentation The Condensed Consolidated Financial Statements of Walmart Inc. and its subsidiaries ("Walmart" or the "Company") and the accompanying notes included in this Quarterly Report on Form 10-Q are unaudited. In the opinion of management, all adjustments necessary for the fair presentation of the Condensed Consolidated Financial Statements have been included. Such adjustments are of a normal, recurring nature. The Condensed Consolidated Financial Statements, and the accompanying notes, are prepared in accordance with generally accepted accounting principles in the United States ("GAAP") and do not contain certain information included in the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2023 ("fiscal 2023"). Therefore, the interim Condensed Consolidated Financial Statements should be read in conjunction with that Annual Report on Form 10-K. The Company's Condensed Consolidated Financial Statements are based on a fiscal year ending January 31 for the United States ("U.S.") and Canadian operations. The Company consolidates all other operations generally using a one-month lag based on a calendar year. There were no significant intervening events during the month of July 2023 related to the consolidated operations using a lag that materially affected the Condensed Consolidated Financial Statements. The Company's business is seasonal to a certain extent due to calendar events and national and religious holidays, as well as weather patterns. Historically, the Company's highest sales volume has occurred in the fiscal quarter ending January 31. Use of Estimates The Condensed Consolidated Financial Statements have been prepared in conformity with GAAP. 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 materially from those estimates. Supplier Financing Program Obligations In September 2022, the FASB issued ASU 2022-04, Liabilities - Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations , which enhances the transparency about the use of supplier finance programs for investors and other allocators of capital. The Company adopted this ASU as of February 1, 2023, other than the roll-forward disclosure requirement which the Company will adopt in fiscal 2025. The Company has supplier financing programs with financial institutions, in which the Company agrees to pay the financial institution the stated amount of confirmed invoices on the invoice due date for participating suppliers. Participation in these programs is optional and solely up to the supplier, who negotiates the terms of the arrangement directly with the financial institution and may allow early payment. Supplier participation in these programs has no bearing on the Company's amounts due. The payment terms that the Company has with participating suppliers under these programs generally range between 30 and 90 days. The Company does not have an economic interest in a supplier's participation in the program or a direct financial relationship with the financial institution funding the program. The Company is responsible for ensuring that participating financial institutions are paid according to the terms negotiated with the supplier, regardless of whether the supplier elects to receive early payment from the financial institution. The outstanding payment obligations to financial institutions under these programs were $5.3 billion, $5.2 billion and $6.4 billion, as of July 31, 2023, January 31, 2023 and July 31, 2022, respectively. These obligations are generally classified as accounts payable within the Condensed Consolidated Balance Sheets. The activity related to these programs is classified as an operating activity within the Condensed Consolidated Statements of Cash Flows. |
Net Income Per Common Share
Net Income Per Common Share | 6 Months Ended |
Jul. 31, 2023 | |
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 anti-dilutive and not included in the calculation of diluted net income per common share attributable to Walmart for the three and six months ended July 31, 2023 and 2022. 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: Three Months Ended July 31, Six Months Ended July 31, (Amounts in millions, except per share data) 2023 2022 2023 2022 Numerator Consolidated net income $ 8,053 $ 5,147 $ 9,949 $ 7,250 Consolidated net (income) loss attributable to noncontrolling interest (162) 2 (385) (47) Consolidated net income attributable to Walmart $ 7,891 $ 5,149 $ 9,564 $ 7,203 Denominator Weighted-average common shares outstanding, basic 2,693 2,736 2,694 2,745 Dilutive impact of share-based awards 10 9 9 10 Weighted-average common shares outstanding, diluted 2,703 2,745 2,703 2,755 Net income per common share attributable to Walmart Basic $ 2.93 $ 1.88 $ 3.55 $ 2.62 Diluted 2.92 1.88 3.54 2.61 |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Loss | 6 Months Ended |
Jul. 31, 2023 | |
Other Comprehensive Income (Loss), Tax [Abstract] | |
Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive Loss The following tables provide the changes in the composition of total accumulated other comprehensive loss: (Amounts in millions and net of immaterial income taxes) Currency Net Investment Hedges Cash Flow Hedges Minimum Pension Liability Total Balances as of February 1, 2023 $ (10,816) $ 94 $ (951) $ (7) $ (11,680) Other comprehensive income (loss) before reclassifications, net 600 — (82) 2 520 Reclassifications to income, net — — 13 — 13 Balances as of April 30, 2023 $ (10,216) $ 94 $ (1,020) $ (5) $ (11,147) Other comprehensive income (loss) before reclassifications, net 195 — 115 (1) 309 Reclassifications to income, net — — 20 — 20 Balances as of July 31, 2023 $ (10,021) $ 94 $ (885) $ (6) $ (10,818) (Amounts in millions and net of immaterial income taxes) Currency Net Investment Hedges Cash Flow Hedges Minimum Pension Liability Total Balances as of February 1, 2022 $ (8,100) $ 94 $ (748) $ (12) $ (8,766) Other comprehensive income before reclassifications, net 225 — 26 — 251 Reclassifications to income, net — — 16 1 17 Balances as of April 30, 2022 $ (7,875) $ 94 $ (706) $ (11) $ (8,498) Other comprehensive income (loss) before reclassifications, net (796) — (622) 2 (1,416) Reclassifications to income, net (309) — 329 — 20 Balances as of July 31, 2022 $ (8,980) $ 94 $ (999) $ (9) $ (9,894) Amounts reclassified from accumulated other comprehensive loss for derivative instruments are generally recorded in interest, net, in the Company's Condensed Consolidated Statements of Income. Amounts for the minimum pension liability and currency translation are recorded in other gains and losses in the Company's Condensed Consolidated Statements of Income. |
Short-term Borrowings and Long-
Short-term Borrowings and Long-term Debt | 6 Months Ended |
Jul. 31, 2023 | |
Debt Disclosure [Abstract] | |
Short-term Borrowings and Long-term Debt | Short-term Borrowings and Long-term Debt The Company has various committed lines of credit in the U.S. that are used to support its commercial paper program. In April 2023, the Company renewed and extended its existing 364-day revolving credit facility of $10.0 billion as well as its five-year credit facility of $5.0 billion. In total, the Company had committed lines of credit in the U.S. of $15.0 billion at July 31, 2023 and January 31, 2023, all undrawn. The following table provides the changes in the Company's long-term debt for the six months ended July 31, 2023: (Amounts in millions) Long-term debt due within one year Long-term debt Total Balances as of February 1, 2023 $ 4,191 $ 34,649 $ 38,840 Proceeds from issuance of long-term debt (1) — 4,967 4,967 Repayments of long-term debt (4,063) — (4,063) Reclassifications of long-term debt 2,773 (2,773) — Other (4) (37) (41) Balances as of July 31, 2023 $ 2,897 $ 36,806 $ 39,703 (1) Proceeds from issuance of long-term debt are net of deferred loan costs and any related discount or premium. Debt Issuances Information on significant long-term debt issued during the six months ended July 31, 2023, for general corporate purposes, is as follows: (Amounts in millions) Issue Date Principal Amount Maturity Date Fixed Interest Rate Net Proceeds April 18, 2023 $ 750 April 15, 2026 4.00% $ 748 April 18, 2023 $ 750 April 15, 2028 3.90% $ 746 April 18, 2023 $ 500 April 15, 2030 4.00% $ 497 April 18, 2023 $ 1,500 April 15, 2033 4.10% $ 1,491 April 18, 2023 $ 1,500 April 15, 2053 4.50% $ 1,485 Total $ 4,967 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 and do not restrict the Company's ability to pay dividends or repurchase company stock. Debt Repayments Information on significant long-term debt repayments during the six months ended July 31, 2023 is as follows: (Amounts in millions) Maturity Date Principal Amount Fixed vs. Floating Interest Rate Repayment April 11, 2023 $ 1,750 Fixed 2.55% $ 1,750 June 26, 2023 $ 2,280 Fixed 3.40% $ 2,280 Total $ 4,030 |
Fair Value Measurements
Fair Value Measurements | 6 Months Ended |
Jul. 31, 2023 | |
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. The Company measures the fair value of certain equity investments, including certain equity method investments, on a recurring basis within other long-term assets in the accompanying Condensed Consolidated Balance Sheets. The fair value of these investments is as follows: (Amounts in millions) Fair Value as of July 31, 2023 Fair Value as of January 31, 2023 Equity investments measured using Level 1 inputs $ 4,424 $ 5,099 Equity investments measured using Level 2 inputs 6,281 5,570 Total $ 10,705 $ 10,669 Changes in fair value of equity securities, as well as certain immaterial equity method investments where the Company has elected the fair value option measured on a recurring basis, are recognized within other gains and losses in the Condensed Consolidated Statements of Income. These fair value changes, along with certain other immaterial investment activity, resulted in net gains of $3.2 billion and $36 million for the three and six months ended July 31, 2023, respectively, and a net gain of $0.8 billion and a net loss of $1.2 billion for the three and six months ended July 31, 2022, respectively. These fair value changes were primarily due to net changes in the underlying stock prices of those investments. 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 Condensed Consolidated Statements of Income. 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 July 31, 2023 and January 31, 2023, the notional amounts and fair values of these derivatives were as follows: July 31, 2023 January 31, 2023 (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 $ 6,271 $ (765) (1) $ 8,021 $ (689) (1) Receive fixed-rate, pay fixed-rate cross-currency swaps designated as cash flow hedges 6,019 (1,295) (1) 5,900 (1,423) (1) Total $ 12,290 $ (2,060) $ 13,921 $ (2,112) (1) Classified primarily in deferred income taxes and other within the Company's Condensed Consolidated Balance Sheets. Nonrecurring Fair Value Measurements In addition to assets and liabilities recorded at fair value on a recurring basis, the Company's assets and liabilities are also subject to nonrecurring fair value measurements. Generally, assets are recorded at fair value on a nonrecurring basis as a result of impairment charges. The Company did not have any material assets or liabilities resulting in nonrecurring fair value measurements as of July 31, 2023 in the Company's Condensed Consolidated Balance Sheets. 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 July 31, 2023 and January 31, 2023, are as follows: July 31, 2023 January 31, 2023 (Amounts in millions) Carrying Value Fair Value Carrying Value Fair Value Long-term debt, including amounts due within one year $ 39,703 $ 37,988 $ 38,840 $ 38,169 |
Contingencies
Contingencies | 6 Months Ended |
Jul. 31, 2023 | |
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 records a liability for those legal proceedings and regulatory matters when it determines it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. The Company also discloses when it is reasonably possible that a material loss may be incurred. From time to time, 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. Settlement Framework Regarding Multidistrict and State or Local Opioid-Related Litigation During fiscal 2023, the Company accrued a liability for approximately $3.3 billion for the Settlement Framework (described below) and other previously agreed upon state and tribal settlements. The Settlement Framework includes no admission of wrongdoing or liability by the Company, and the Company continues to believe it has substantial factual and legal defenses to opioids-related 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 the MDL. Similar cases that name the Company also have been filed in state courts by state, local, and tribal governments, healthcare providers, and other plaintiffs. Plaintiffs in these state court cases and in the MDL are seeking compensatory and punitive damages, as well as injunctive relief including abatement. 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 November 15, 2022, the Company announced it had agreed to financial amounts and payment terms to resolve substantially all opioids-related lawsuits filed against the Company by states, political subdivisions, and Native American tribes whether as part of the MDL (excluding, however, a single, two-county trial described further below) or in state court, as well as all potential claims that could be made against the Company by states, political subdivisions, and Native American tribes for up to approximately $3.1 billion (the "Settlement Amount"). The Settlement Amount includes amounts for remediation of alleged harms as well as attorneys' fees and costs and also includes some, but not all, amounts from previously agreed recent settlements by the Company. One settlement framework with corresponding conditions and participation thresholds applies for the states and political subdivisions, and another settlement framework with corresponding conditions and participation thresholds applies for the Native American tribes. Both settlement frameworks are referred to collectively as the "Settlement Framework." The Settlement Framework, among other applicable conditions, provides that payments to states and political subdivisions are contingent upon the number of states and political subdivisions, including those states and political subdivisions who have not yet sued the Company, that agree to participate in the Settlement Framework or otherwise have their claims foreclosed within a prescribed deadline. On December 20, 2022, the Company announced that it had settlement agreements with all 50 states, including four states that previously settled with the Company, as well as the District of Columbia, Puerto Rico, and three other U.S. territories (the "Settling States"), thus satisfying the initial threshold of required participation by Settling States. On August 22, 2023, the settlement administrator determined that a sufficient number of political subdivisions had agreed to participate in the Settlement Framework, which was a necessary condition for the Settlement Framework to become effective. The Settlement Framework will become effective 15 days later, on September 6, 2023. The Company is required to deposit up to the full portion of the Settlement Amount attributable to the Settling States within 15 days following the effective date of the Settlement Framework, which the Company expects to pay during the fiscal quarter ending October 31, 2023. Although the settlement administrator has determined a sufficient number of political subdivisions have agreed to participate in the State Settlement Framework, and thus the State Settlement Framework will become effective, eligible political subdivisions still have until July 15, 2025 to join the State Settlement Framework. Through July 2023, the Company has paid approximately $0.6 billion in the aggregate for separate settlements with Cherokee Nation, New Mexico, Florida, West Virginia, and Alabama, as well as various Native American tribes (excluding Cherokee Nation) that agreed to participate in the Settlement Framework or otherwise have their claims foreclosed within a prescribed deadline. Of the original approximately $3.3 billion accrued liability for the Settlement Framework and other settlements, approximately $2.8 billion remains and is recorded in accrued liabilities within the Company's Condensed Consolidated Balance Sheet as of July 31, 2023. Other Opioid-Related Litigation The Company will continue to vigorously defend against any opioid-related litigation not covered or otherwise resolved by the Settlement Framework, including, but not limited to, each of the matters described below; any other actions filed by healthcare providers, individuals, and third-party payers; and any action filed by a political subdivision or Native American tribe that is not resolved by the Settlement Framework. Accordingly, the Company has not accrued a liability for these opioid-related litigation matters nor can the Company reasonably estimate any loss or range of loss that may arise from these matters. The Company can provide no assurance as to the scope and outcome of any of these matters and no assurance that its business, financial position, results of operations or cash flows will not be materially adversely affected. Two-County Trial and MDL Bellwethers; and Canada. The liability phase of a single, two-county trial in one of the MDL cases resulted in a jury verdict on November 23, 2021, finding in favor of the plaintiffs as to the liability of all defendants, including the Company. The abatement phase of the single, two-county trial resulted in a judgment on August 17, 2022, that ordered all three defendants, including the Company, to pay an aggregate amount of approximately $0.7 billion over fifteen years, on a joint and several liability basis, and granted the plaintiffs injunctive relief. On September 7, 2022, the Company filed an appeal with the Sixth Circuit Court of Appeals. The monetary aspect of the judgment is stayed pending appeal, and the injunctive aspect of the judgment went into effect on February 20, 2023. The MDL designated five additional single-county cases as bellwethers to proceed through discovery; however, these five counties have elected to participate in the Settlement Framework and receive a portion of the Settlement Amount rather than go to trial. The MDL may designate additional bellwethers of cases brought by healthcare providers and third-party payers. Wal-Mart Canada Corp. and certain other subsidiaries of the Company have been named as defendants in two putative class action complaints filed in Canada related to dispensing and distribution practices involving opioids. These matters remain pending. DOJ Opioid Civil Litigation. On December 22, 2020, the U.S. Department of Justice (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 Controlled Substances Act. The DOJ is seeking civil penalties and injunctive relief. The Company initially moved to dismiss the DOJ complaint on February 22, 2021. After that motion was fully briefed, the DOJ filed an amended complaint on October 7, 2022. On November 7, 2022, the Company filed a partial motion to dismiss the amended complaint. That motion remains pending. Opioid-Related Securities Class Actions and Derivative Litigation. 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. After the parties had fully briefed the motion to dismiss, on September 9, 2022, the Court entered an order permitting the plaintiffs to file an amended complaint, which was filed on October 14, 2022, and which revised the applicable putative class of investors to those who acquired Walmart stock from March 31, 2017 through December 22, 2020. On November 16, 2022, the defendants filed a motion to dismiss the amended complaint. That motion remains pending. 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 of Directors and certain former officers breached their fiduciary duties in failing to adequately oversee the Company's prescription opioids business. The defendants moved to dismiss and/or to stay proceedings on December 21, 2021, and the plaintiffs responded by filing an amended complaint on February 22, 2022. On April 20, 2022, the defendants moved to dismiss and/or to stay proceedings with respect to the amended complaint. In two orders issued on April 12 and 26, 2023, the Court of Chancery granted the defendants' motion to dismiss with respect to claims involving the Company's distribution practices and denied the remainder of the motion, including the Company's request to stay the litigation. On May 5, 2023, the Company's Board of Directors (the "Board") appointed an independent Special Litigation Committee (the "SLC") to investigate the allegations regarding certain current and former officers and directors named in the various derivative proceedings regarding oversight with respect to opioids. The Board has authorized the SLC to retain independent legal counsel and such other advisors as the SLC deems appropriate in carrying out its duties. The derivative matter pending in the Delaware Court of Chancery is stayed until the SLC completes its investigation. Other Legal Proceedings Asda Equal Value Claims. Asda, formerly a subsidiary of the Company, was and still is a defendant in certain equal value claims that began in 2008 and are proceeding before an Employment Tribunal in Manchester in the United Kingdom on behalf of current and former Asda store employees, as well as additional claims in the High Court of the United Kingdom (the "Asda Equal Value Claims"). Further claims may be asserted in the future. Subsequent to the divestiture of Asda in February 2021, the Company continues to oversee the conduct of the defense of these claims. While potential liability for these claims remains with Asda, the Company has agreed to provide indemnification with respect to certain of these claims up to a contractually determined amount. The Company cannot predict the number of such claims that may be filed, and cannot reasonably estimate any loss or range of loss that may arise related to these proceedings. Accordingly, the Company can provide no assurance as to the scope and outcome of these matters. Money Transfer Agent Services Matters. The Company has responded to grand jury subpoenas issued by the United States Attorney's Office for the Middle District of Pennsylvania on behalf of the DOJ seeking documents regarding the Company's consumer fraud prevention program and anti-money laundering compliance related to the Company's money transfer services, |
Segments and Disaggregated Reve
Segments and Disaggregated Revenue | 6 Months Ended |
Jul. 31, 2023 | |
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'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 impractical to segregate and identify revenues for each of these individual products and services. The Walmart U.S. segment includes the Company's mass merchandising concept in the U.S., as well as eCommerce, which includes omni-channel initiatives and certain other business offerings such as advertising services through Walmart Connect. 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 samsclub.com 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 and other measures, including any corporate overhead allocations, as determined by the information regularly reviewed by its CODM. When the measurement of a segment significantly changes, previous period amounts and balances are reclassified to be comparable to the current period's presentation. Net sales by segment are as follows: Three Months Ended July 31, Six Months Ended July 31, (Amounts in millions) 2023 2022 2023 2022 Net sales: Walmart U.S. $ 110,854 $ 105,130 $ 214,755 $ 202,034 Walmart International 27,596 24,350 54,200 48,113 Sam's Club 21,830 21,901 42,329 41,522 Net sales $ 160,280 $ 151,381 $ 311,284 $ 291,669 Operating income by segment, as well as unallocated operating expenses for corporate and support, interest, net, and other gains and losses are as follows: Three Months Ended July 31, Six Months Ended July 31, (Amounts in millions) 2023 2022 2023 2022 Operating income (loss): Walmart U.S. $ 6,114 $ 5,683 $ 11,098 $ 10,145 Walmart International 1,190 1,043 2,354 1,815 Sam's Club 521 427 979 887 Corporate and support (509) (299) (875) (675) Operating income 7,316 6,854 13,556 12,172 Interest, net 494 448 1,051 867 Other (gains) and losses (3,905) (238) (910) 1,760 Income before income taxes $ 10,727 $ 6,644 $ 13,415 $ 9,545 Disaggregated Revenues In the following tables, segment net sales are disaggregated by either merchandise category or by market. From time to time, the Company revises the assignment of net sales of a particular item to a merchandise category. When the assignment changes, previous period amounts are reclassified to be comparable to the current period's presentation. 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) Three Months Ended July 31, Six Months Ended July 31, Walmart U.S. net sales by merchandise category 2023 2022 2023 2022 Grocery $ 66,240 $ 61,469 $ 129,647 $ 118,233 General merchandise 29,076 30,073 54,841 57,452 Health and wellness 13,374 11,331 26,222 22,225 Other categories 2,164 2,257 4,045 4,124 Total $ 110,854 $ 105,130 $ 214,755 $ 202,034 Of Walmart U.S.'s total net sales, approximately $15.5 billion and $12.5 billion related to eCommerce for the three months ended July 31, 2023 and 2022, respectively, and approximately $30.0 billion and $23.9 billion related to eCommerce for the six months ended July 31, 2023 and 2022, respectively. (Amounts in millions) Three Months Ended July 31, Six Months Ended July 31, Walmart International net sales by market 2023 2022 2023 2022 Mexico and Central America $ 11,994 $ 9,690 $ 22,952 $ 18,778 Canada 5,842 5,767 10,982 10,917 China 3,896 3,397 8,820 7,524 Other 5,864 5,496 11,446 10,894 Total $ 27,596 $ 24,350 $ 54,200 $ 48,113 Of Walmart International's total net sales, approximately $5.8 billion and $4.6 billion related to eCommerce for the three months ended July 31, 2023 and 2022, respectively, and approximately $11.2 billion and $8.9 billion related to eCommerce for the six months ended July 31, 2023 and 2022, respectively. (Amounts in millions) Three Months Ended July 31, Six Months Ended July 31, Sam's Club net sales by merchandise category 2023 2022 2023 2022 Grocery and consumables $ 14,325 $ 13,392 $ 27,823 $ 25,693 Fuel, tobacco and other categories 3,338 4,390 6,526 7,948 Home and apparel 2,428 2,492 4,507 4,607 Health and wellness 1,186 1,006 2,342 2,016 Technology, office and entertainment 553 621 1,131 1,258 Total $ 21,830 $ 21,901 $ 42,329 $ 41,522 |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2023 | Jul. 31, 2022 | |
Pay vs Performance Disclosure | ||||
Consolidated net income attributable to Walmart | $ 7,891 | $ 5,149 | $ 9,564 | $ 7,203 |
Insider Trading Arrangements
Insider Trading Arrangements | 3 Months Ended |
Jul. 31, 2023 | |
Trading Arrangements, by Individual | |
Rule 10b5-1 Arrangement Adopted | false |
Non-Rule 10b5-1 Arrangement Adopted | false |
Rule 10b5-1 Arrangement Terminated | false |
Non-Rule 10b5-1 Arrangement Terminated | false |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Jul. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | Basis of Presentation The Condensed Consolidated Financial Statements of Walmart Inc. and its subsidiaries ("Walmart" or the "Company") and the accompanying notes included in this Quarterly Report on Form 10-Q are unaudited. In the opinion of management, all adjustments necessary for the fair presentation of the Condensed Consolidated Financial Statements have been included. Such adjustments are of a normal, recurring nature. The Condensed Consolidated Financial Statements, and the accompanying notes, are prepared in accordance with generally accepted accounting principles in the United States ("GAAP") and do not contain certain information included in the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2023 ("fiscal 2023"). Therefore, the interim Condensed Consolidated Financial Statements should be read in conjunction with that Annual Report on Form 10-K. The Company's Condensed Consolidated Financial Statements are based on a fiscal year ending January 31 for the United States ("U.S.") and Canadian operations. The Company consolidates all other operations generally using a one-month lag based on a calendar year. There were no significant intervening events during the month of July 2023 related to the consolidated operations using a lag that materially affected the Condensed Consolidated Financial Statements. The Company's business is seasonal to a certain extent due to calendar events and national and religious holidays, as well as weather patterns. Historically, the Company's highest sales volume has occurred in the fiscal quarter ending January 31. |
Use of Estimates | Use of Estimates The Condensed Consolidated Financial Statements have been prepared in conformity with GAAP. 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 materially from those estimates. |
Supplier Financing Program Obligations | Supplier Financing Program Obligations In September 2022, the FASB issued ASU 2022-04, Liabilities - Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations , which enhances the transparency about the use of supplier finance programs for investors and other allocators of capital. The Company adopted this ASU as of February 1, 2023, other than the roll-forward disclosure requirement which the Company will adopt in fiscal 2025. The Company has supplier financing programs with financial institutions, in which the Company agrees to pay the financial institution the stated amount of confirmed invoices on the invoice due date for participating suppliers. Participation in these programs is optional and solely up to the supplier, who negotiates the terms of the arrangement directly with the financial institution and may allow early payment. Supplier participation in these programs has no bearing on the Company's amounts due. The payment terms that the Company has with participating suppliers under these programs generally range between 30 and 90 days. The Company does not have an economic interest in a supplier's participation in the program or a direct financial relationship with the financial institution funding the program. The Company is responsible for ensuring that participating financial institutions are paid according to the terms negotiated with the supplier, regardless of whether the supplier elects to receive early payment from the financial institution. The outstanding payment obligations to financial institutions under these programs were $5.3 billion, $5.2 billion and $6.4 billion, as of July 31, 2023, January 31, 2023 and July 31, 2022, respectively. These obligations are generally classified as accounts payable within the Condensed Consolidated Balance Sheets. The activity related to these programs is classified as an operating activity within the Condensed Consolidated Statements of Cash Flows. |
Net Income Per Common Share (Ta
Net Income Per Common Share (Tables) | 6 Months Ended |
Jul. 31, 2023 | |
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: Three Months Ended July 31, Six Months Ended July 31, (Amounts in millions, except per share data) 2023 2022 2023 2022 Numerator Consolidated net income $ 8,053 $ 5,147 $ 9,949 $ 7,250 Consolidated net (income) loss attributable to noncontrolling interest (162) 2 (385) (47) Consolidated net income attributable to Walmart $ 7,891 $ 5,149 $ 9,564 $ 7,203 Denominator Weighted-average common shares outstanding, basic 2,693 2,736 2,694 2,745 Dilutive impact of share-based awards 10 9 9 10 Weighted-average common shares outstanding, diluted 2,703 2,745 2,703 2,755 Net income per common share attributable to Walmart Basic $ 2.93 $ 1.88 $ 3.55 $ 2.62 Diluted 2.92 1.88 3.54 2.61 |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Loss (Tables) | 6 Months Ended |
Jul. 31, 2023 | |
Other Comprehensive Income (Loss), Tax [Abstract] | |
Composition of accumulated other comprehensive loss | The following tables provide the changes in the composition of total accumulated other comprehensive loss: (Amounts in millions and net of immaterial income taxes) Currency Net Investment Hedges Cash Flow Hedges Minimum Pension Liability Total Balances as of February 1, 2023 $ (10,816) $ 94 $ (951) $ (7) $ (11,680) Other comprehensive income (loss) before reclassifications, net 600 — (82) 2 520 Reclassifications to income, net — — 13 — 13 Balances as of April 30, 2023 $ (10,216) $ 94 $ (1,020) $ (5) $ (11,147) Other comprehensive income (loss) before reclassifications, net 195 — 115 (1) 309 Reclassifications to income, net — — 20 — 20 Balances as of July 31, 2023 $ (10,021) $ 94 $ (885) $ (6) $ (10,818) (Amounts in millions and net of immaterial income taxes) Currency Net Investment Hedges Cash Flow Hedges Minimum Pension Liability Total Balances as of February 1, 2022 $ (8,100) $ 94 $ (748) $ (12) $ (8,766) Other comprehensive income before reclassifications, net 225 — 26 — 251 Reclassifications to income, net — — 16 1 17 Balances as of April 30, 2022 $ (7,875) $ 94 $ (706) $ (11) $ (8,498) Other comprehensive income (loss) before reclassifications, net (796) — (622) 2 (1,416) Reclassifications to income, net (309) — 329 — 20 Balances as of July 31, 2022 $ (8,980) $ 94 $ (999) $ (9) $ (9,894) |
Short-term Borrowings and Lon_2
Short-term Borrowings and Long-term Debt (Tables) | 6 Months Ended |
Jul. 31, 2023 | |
Debt Disclosure [Abstract] | |
Changes in long-term debt | The following table provides the changes in the Company's long-term debt for the six months ended July 31, 2023: (Amounts in millions) Long-term debt due within one year Long-term debt Total Balances as of February 1, 2023 $ 4,191 $ 34,649 $ 38,840 Proceeds from issuance of long-term debt (1) — 4,967 4,967 Repayments of long-term debt (4,063) — (4,063) Reclassifications of long-term debt 2,773 (2,773) — Other (4) (37) (41) Balances as of July 31, 2023 $ 2,897 $ 36,806 $ 39,703 (1) Proceeds from issuance of long-term debt are net of deferred loan costs and any related discount or premium. |
Schedule of debt issuances | Information on significant long-term debt issued during the six months ended July 31, 2023, for general corporate purposes, is as follows: (Amounts in millions) Issue Date Principal Amount Maturity Date Fixed Interest Rate Net Proceeds April 18, 2023 $ 750 April 15, 2026 4.00% $ 748 April 18, 2023 $ 750 April 15, 2028 3.90% $ 746 April 18, 2023 $ 500 April 15, 2030 4.00% $ 497 April 18, 2023 $ 1,500 April 15, 2033 4.10% $ 1,491 April 18, 2023 $ 1,500 April 15, 2053 4.50% $ 1,485 Total $ 4,967 |
Schedule of significant debt repayments | Information on significant long-term debt repayments during the six months ended July 31, 2023 is as follows: (Amounts in millions) Maturity Date Principal Amount Fixed vs. Floating Interest Rate Repayment April 11, 2023 $ 1,750 Fixed 2.55% $ 1,750 June 26, 2023 $ 2,280 Fixed 3.40% $ 2,280 Total $ 4,030 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 6 Months Ended |
Jul. 31, 2023 | |
Fair Value Disclosures [Abstract] | |
Fair value of investments | The fair value of these investments is as follows: (Amounts in millions) Fair Value as of July 31, 2023 Fair Value as of January 31, 2023 Equity investments measured using Level 1 inputs $ 4,424 $ 5,099 Equity investments measured using Level 2 inputs 6,281 5,570 Total $ 10,705 $ 10,669 |
Schedule of derivative instruments | As of July 31, 2023 and January 31, 2023, the notional amounts and fair values of these derivatives were as follows: July 31, 2023 January 31, 2023 (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 $ 6,271 $ (765) (1) $ 8,021 $ (689) (1) Receive fixed-rate, pay fixed-rate cross-currency swaps designated as cash flow hedges 6,019 (1,295) (1) 5,900 (1,423) (1) Total $ 12,290 $ (2,060) $ 13,921 $ (2,112) (1) Classified primarily in deferred income taxes and other within the Company's Condensed 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 July 31, 2023 and January 31, 2023, are as follows: July 31, 2023 January 31, 2023 (Amounts in millions) Carrying Value Fair Value Carrying Value Fair Value Long-term debt, including amounts due within one year $ 39,703 $ 37,988 $ 38,840 $ 38,169 |
Segments and Disaggregated Re_2
Segments and Disaggregated Revenue (Tables) | 6 Months Ended |
Jul. 31, 2023 | |
Disaggregation of Revenue [Line Items] | |
Net sales by segment | Net sales by segment are as follows: Three Months Ended July 31, Six Months Ended July 31, (Amounts in millions) 2023 2022 2023 2022 Net sales: Walmart U.S. $ 110,854 $ 105,130 $ 214,755 $ 202,034 Walmart International 27,596 24,350 54,200 48,113 Sam's Club 21,830 21,901 42,329 41,522 Net sales $ 160,280 $ 151,381 $ 311,284 $ 291,669 |
Operating income (loss) by segment | Operating income by segment, as well as unallocated operating expenses for corporate and support, interest, net, and other gains and losses are as follows: Three Months Ended July 31, Six Months Ended July 31, (Amounts in millions) 2023 2022 2023 2022 Operating income (loss): Walmart U.S. $ 6,114 $ 5,683 $ 11,098 $ 10,145 Walmart International 1,190 1,043 2,354 1,815 Sam's Club 521 427 979 887 Corporate and support (509) (299) (875) (675) Operating income 7,316 6,854 13,556 12,172 Interest, net 494 448 1,051 867 Other (gains) and losses (3,905) (238) (910) 1,760 Income before income taxes $ 10,727 $ 6,644 $ 13,415 $ 9,545 |
Walmart U.S. | |
Disaggregation of Revenue [Line Items] | |
Revenue by merchandise category or by market | (Amounts in millions) Three Months Ended July 31, Six Months Ended July 31, Walmart U.S. net sales by merchandise category 2023 2022 2023 2022 Grocery $ 66,240 $ 61,469 $ 129,647 $ 118,233 General merchandise 29,076 30,073 54,841 57,452 Health and wellness 13,374 11,331 26,222 22,225 Other categories 2,164 2,257 4,045 4,124 Total $ 110,854 $ 105,130 $ 214,755 $ 202,034 |
Walmart International | |
Disaggregation of Revenue [Line Items] | |
Revenue by merchandise category or by market | (Amounts in millions) Three Months Ended July 31, Six Months Ended July 31, Walmart International net sales by market 2023 2022 2023 2022 Mexico and Central America $ 11,994 $ 9,690 $ 22,952 $ 18,778 Canada 5,842 5,767 10,982 10,917 China 3,896 3,397 8,820 7,524 Other 5,864 5,496 11,446 10,894 Total $ 27,596 $ 24,350 $ 54,200 $ 48,113 |
Sam's Club | |
Disaggregation of Revenue [Line Items] | |
Revenue by merchandise category or by market | (Amounts in millions) Three Months Ended July 31, Six Months Ended July 31, Sam's Club net sales by merchandise category 2023 2022 2023 2022 Grocery and consumables $ 14,325 $ 13,392 $ 27,823 $ 25,693 Fuel, tobacco and other categories 3,338 4,390 6,526 7,948 Home and apparel 2,428 2,492 4,507 4,607 Health and wellness 1,186 1,006 2,342 2,016 Technology, office and entertainment 553 621 1,131 1,258 Total $ 21,830 $ 21,901 $ 42,329 $ 41,522 |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Billions | Jul. 31, 2023 | Jan. 31, 2023 | Jul. 31, 2022 |
Accounting Policies [Line Items] | |||
Outstanding payment obligation | $ 5.3 | $ 5.2 | $ 6.4 |
Minimum | |||
Accounting Policies [Line Items] | |||
Supplier finance program, payment timing, period (in days) | 30 days | ||
Maximum | |||
Accounting Policies [Line Items] | |||
Supplier finance program, payment timing, period (in days) | 90 days |
Net Income Per Common Share (De
Net Income Per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||||
Jul. 31, 2023 | Apr. 30, 2023 | Jul. 31, 2022 | Apr. 30, 2022 | Jul. 31, 2023 | Jul. 31, 2022 | |
Numerator | ||||||
Consolidated net income | $ 8,053 | $ 1,896 | $ 5,147 | $ 2,103 | $ 9,949 | $ 7,250 |
Consolidated net (income) loss attributable to noncontrolling interest | (162) | 2 | (385) | (47) | ||
Consolidated net income attributable to Walmart | $ 7,891 | $ 5,149 | $ 9,564 | $ 7,203 | ||
Denominator | ||||||
Weighted-average common shares outstanding, basic (in shares) | 2,693 | 2,736 | 2,694 | 2,745 | ||
Dilutive impact of share-based awards (in shares) | 10 | 9 | 9 | 10 | ||
Weighted-average common shares outstanding, diluted (in shares) | 2,703 | 2,745 | 2,703 | 2,755 | ||
Net income per common share attributable to Walmart | ||||||
Basic (in dollars per share) | $ 2.93 | $ 1.88 | $ 3.55 | $ 2.62 | ||
Diluted (in dollars per share) | $ 2.92 | $ 1.88 | $ 3.54 | $ 2.61 |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions | 3 Months Ended | |||
Jul. 31, 2023 | Apr. 30, 2023 | Jul. 31, 2022 | Apr. 30, 2022 | |
Accumulated Other Comprehensive Income Loss [Roll Forward] | ||||
Beginning balance | $ 79,231 | $ 83,754 | $ 85,600 | $ 91,891 |
Other comprehensive income (loss) before reclassifications, net | 309 | 520 | (1,416) | 251 |
Reclassifications to income, net | 20 | 13 | 20 | 17 |
Ending balance | 85,327 | 79,231 | 85,587 | 85,600 |
AOCI Including Portion Attributable to Noncontrolling Interest | ||||
Accumulated Other Comprehensive Income Loss [Roll Forward] | ||||
Beginning balance | (11,147) | (11,680) | (8,498) | (8,766) |
Ending balance | (10,818) | (11,147) | (9,894) | (8,498) |
Currency Translation and Other | ||||
Accumulated Other Comprehensive Income Loss [Roll Forward] | ||||
Beginning balance | (10,216) | (10,816) | (7,875) | (8,100) |
Other comprehensive income (loss) before reclassifications, net | 195 | 600 | (796) | 225 |
Reclassifications to income, net | 0 | 0 | (309) | 0 |
Ending balance | (10,021) | (10,216) | (8,980) | (7,875) |
Net Investment Hedges | ||||
Accumulated Other Comprehensive Income Loss [Roll Forward] | ||||
Beginning balance | 94 | 94 | 94 | 94 |
Other comprehensive income (loss) before reclassifications, net | 0 | 0 | 0 | 0 |
Reclassifications to income, net | 0 | 0 | 0 | 0 |
Ending balance | 94 | 94 | 94 | 94 |
Cash Flow Hedges | ||||
Accumulated Other Comprehensive Income Loss [Roll Forward] | ||||
Beginning balance | (1,020) | (951) | (706) | (748) |
Other comprehensive income (loss) before reclassifications, net | 115 | (82) | (622) | 26 |
Reclassifications to income, net | 20 | 13 | 329 | 16 |
Ending balance | (885) | (1,020) | (999) | (706) |
Minimum Pension Liability | ||||
Accumulated Other Comprehensive Income Loss [Roll Forward] | ||||
Beginning balance | (5) | (7) | (11) | (12) |
Other comprehensive income (loss) before reclassifications, net | (1) | 2 | 2 | 0 |
Reclassifications to income, net | 0 | 0 | 0 | 1 |
Ending balance | $ (6) | $ (5) | $ (9) | $ (11) |
Short-term Borrowings and Lon_3
Short-term Borrowings and Long-term Debt (Narrative) (Details) - Domestic Line of Credit - USD ($) | 1 Months Ended | ||
Apr. 30, 2023 | Jul. 31, 2023 | Jan. 31, 2023 | |
Debt Instrument [Line Items] | |||
Committed line of credit | $ 15,000,000,000 | $ 15,000,000,000 | |
Revolving Credit Facility | |||
Debt Instrument [Line Items] | |||
Debt instrument, term | 364 days | ||
Committed line of credit | $ 10,000,000,000 | ||
Five Year Credit Facility | |||
Debt Instrument [Line Items] | |||
Debt instrument, term | 5 years | ||
Committed line of credit | $ 5,000,000,000 |
Short-term Borrowings and Lon_4
Short-term Borrowings and Long-term Debt (Schedule of Long-term Debt Instruments) (Details) - USD ($) $ in Millions | 6 Months Ended | |
Jul. 31, 2023 | Jul. 31, 2022 | |
Long-term debt due within one year | ||
Balances as of February 1, 2023 | $ 4,191 | |
Proceeds from issuance of long-term debt | 0 | |
Repayments of long-term debt | (4,063) | |
Reclassifications of long-term debt | 2,773 | |
Other | (4) | |
Balances as of July 31, 2023 | 2,897 | $ 5,316 |
Long-term debt | ||
Balances as of February 1, 2023 | 34,649 | |
Proceeds from issuance of long-term debt | 4,967 | 0 |
Repayments of long-term debt | 0 | |
Reclassifications of long-term debt | (2,773) | |
Other | (37) | |
Balances as of July 31, 2023 | 36,806 | 29,801 |
Total | ||
Balances as of February 1, 2023 | 38,840 | |
Proceeds from issuance of long-term debt | 4,967 | 0 |
Repayments of long-term debt | (4,063) | $ (1,439) |
Reclassifications of long-term debt | 0 | |
Other | (41) | |
Balances as of July 31, 2023 | $ 39,703 |
Short-term Borrowings and Lon_5
Short-term Borrowings and Long-term Debt (Debt Issued) (Details) - USD ($) $ in Millions | 6 Months Ended | |
Jul. 31, 2023 | Jul. 31, 2022 | |
Debt Instrument [Line Items] | ||
Net Proceeds | $ 4,967 | $ 0 |
Senior Unsecured Notes | ||
Debt Instrument [Line Items] | ||
Net Proceeds | 4,967 | |
Senior Unsecured Notes | 4.000% Debt, Due 2026 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 750 | |
Fixed Interest Rate | 4% | |
Net Proceeds | $ 748 | |
Senior Unsecured Notes | 3.900% Debt, Due 2028 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 750 | |
Fixed Interest Rate | 3.90% | |
Net Proceeds | $ 746 | |
Senior Unsecured Notes | 4.000% Debt, Due 2030 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 500 | |
Fixed Interest Rate | 4% | |
Net Proceeds | $ 497 | |
Senior Unsecured Notes | 4.100% Debt, Due 2033 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 1,500 | |
Fixed Interest Rate | 4.10% | |
Net Proceeds | $ 1,491 | |
Senior Unsecured Notes | 4.500% Debt, Due 2053 | ||
Debt Instrument [Line Items] | ||
Principal Amount | $ 1,500 | |
Fixed Interest Rate | 4.50% | |
Net Proceeds | $ 1,485 |
Short-term Borrowings and Lon_6
Short-term Borrowings and Long-term Debt (Significant Debt Repayments) (Details) $ in Millions | 6 Months Ended |
Jul. 31, 2023 USD ($) | |
Debt Instrument [Line Items] | |
Significant Repayments of Long-Term Debt | $ 4,030 |
2.55% Debt, Due 2023 | Unsecured Debt | |
Debt Instrument [Line Items] | |
Principal Amount | $ 1,750 |
Fixed Interest Rate | 2.55% |
Significant Repayments of Long-Term Debt | $ 1,750 |
3.40% Debt, Due 2023 | Unsecured Debt | |
Debt Instrument [Line Items] | |
Principal Amount | $ 2,280 |
Fixed Interest Rate | 3.40% |
Significant Repayments of Long-Term Debt | $ 2,280 |
Fair Value Measurements (Equity
Fair Value Measurements (Equity Investments) (Details) - Recurring - USD ($) $ in Millions | Jul. 31, 2023 | Jan. 31, 2023 |
Fair Value, Equity Investments [Line Items] | ||
Equity investments | $ 10,705 | $ 10,669 |
Inputs, Level 1 | ||
Fair Value, Equity Investments [Line Items] | ||
Equity investments | 4,424 | 5,099 |
Inputs, Level 2 | ||
Fair Value, Equity Investments [Line Items] | ||
Equity investments | $ 6,281 | $ 5,570 |
Fair Value Measurements (Narrat
Fair Value Measurements (Narrative) (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2023 | Jul. 31, 2022 | |
Fair Value Disclosures [Abstract] | ||||
Equity and other securities, change in fair value | $ 3,200 | $ 800 | $ 36 | $ (1,200) |
Fair Value Measurements (Notion
Fair Value Measurements (Notional Amounts and Fair Values of Derivatives) (Details) - USD ($) $ in Millions | Jul. 31, 2023 | Jan. 31, 2023 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Notional Amount | $ 12,290 | $ 13,921 |
Fair value hedging | Interest rate swap | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Notional Amount | 6,271 | 8,021 |
Cash flow hedges | Cross-currency swaps | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Notional Amount | 6,019 | 5,900 |
Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | (2,060) | (2,112) |
Recurring | Fair value hedging | Interest rate swap | Inputs, Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | (765) | (689) |
Recurring | Cash flow hedges | Cross-currency swaps | Inputs, Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | $ (1,295) | $ (1,423) |
Fair Value Measurements (Carryi
Fair Value Measurements (Carrying Value and Fair Value of Long-Term Debt, Including Current Portion) (Details) - USD ($) $ in Millions | Jul. 31, 2023 | Jan. 31, 2023 |
Carrying Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, including amounts due within one year | $ 39,703 | $ 38,840 |
Fair Value, Inputs, Level 2 | Fair Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, including amounts due within one year | $ 37,988 | $ 38,169 |
Contingencies (Details)
Contingencies (Details) $ in Millions | 9 Months Ended | |||||
Nov. 15, 2022 USD ($) | Aug. 17, 2022 USD ($) defendant | Jul. 31, 2023 USD ($) securitiesClassAction plaintiff shareholder case officer classAction | Dec. 20, 2022 state | Oct. 31, 2022 USD ($) | Sep. 27, 2021 shareholder | |
Loss Contingencies [Line Items] | ||||||
Number of single-county cases | case | 5 | |||||
Opioids Litigation | ||||||
Loss Contingencies [Line Items] | ||||||
Loss contingency, accrued liabilities | $ 2,800 | $ 3,300 | ||||
Amount awarded to other party | $ 3,100 | |||||
Number of states with settlement agreements | state | 50 | |||||
Number of days following a satisfied condition from a settlement administrator | 15 days | |||||
Number of days following the effective date of the settlement framework | 15 days | |||||
Loss contingency, damages paid, value | $ 600 | |||||
Number of securities class actions | securitiesClassAction | 2 | |||||
Number of shareholders that filed derivative actions | shareholder | 2 | 3 | ||||
Loss contingency, officers in connection with disclosure | officer | 2 | |||||
Number of orders issued | plaintiff | 2 | |||||
Opioids Litigation | Judicial Ruling, Pending Appeal | ||||||
Loss Contingencies [Line Items] | ||||||
Loss contingency, number of defendants | defendant | 3 | |||||
Loss contingency, damages awarded, value | $ 700 | |||||
Loss contingency, damages awarded, period | 15 years | |||||
Canada Opioids Class Action Complaints | ||||||
Loss Contingencies [Line Items] | ||||||
Number of putative class actions | classAction | 2 |
Segments and Disaggregated Re_3
Segments and Disaggregated Revenue (Narrative) (Details) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2023 USD ($) | Jul. 31, 2022 USD ($) | Jul. 31, 2023 USD ($) segment | Jul. 31, 2022 USD ($) | |
Disaggregation of Revenue [Line Items] | ||||
Number of reportable segments | segment | 3 | |||
Net sales | $ 160,280 | $ 151,381 | $ 311,284 | $ 291,669 |
Walmart U.S. | ||||
Disaggregation of Revenue [Line Items] | ||||
Net sales | 110,854 | 105,130 | 214,755 | 202,034 |
Walmart International | ||||
Disaggregation of Revenue [Line Items] | ||||
Net sales | 27,596 | 24,350 | 54,200 | 48,113 |
Sam's Club | ||||
Disaggregation of Revenue [Line Items] | ||||
Net sales | 21,830 | 21,901 | 42,329 | 41,522 |
eCommerce | Walmart U.S. | ||||
Disaggregation of Revenue [Line Items] | ||||
Net sales | 15,500 | 12,500 | 30,000 | 23,900 |
eCommerce | Walmart International | ||||
Disaggregation of Revenue [Line Items] | ||||
Net sales | 5,800 | 4,600 | 11,200 | 8,900 |
eCommerce | Sam's Club | ||||
Disaggregation of Revenue [Line Items] | ||||
Net sales | $ 2,400 | $ 2,100 | $ 4,700 | $ 3,900 |
Segments and Disaggregated Re_4
Segments and Disaggregated Revenue (Net Sales) (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2023 | Jul. 31, 2022 | |
Segment Reporting Information [Line Items] | ||||
Net sales | $ 160,280 | $ 151,381 | $ 311,284 | $ 291,669 |
Walmart U.S. | ||||
Segment Reporting Information [Line Items] | ||||
Net sales | 110,854 | 105,130 | 214,755 | 202,034 |
Walmart International | ||||
Segment Reporting Information [Line Items] | ||||
Net sales | 27,596 | 24,350 | 54,200 | 48,113 |
Sam's Club | ||||
Segment Reporting Information [Line Items] | ||||
Net sales | $ 21,830 | $ 21,901 | $ 42,329 | $ 41,522 |
Segments and Disaggregated Re_5
Segments and Disaggregated Revenue (Operating Income by Segment, Interest and Other (Gains) and Losses) (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2023 | Jul. 31, 2022 | |
Segment Reporting Information [Line Items] | ||||
Operating income | $ 7,316 | $ 6,854 | $ 13,556 | $ 12,172 |
Interest, net | 494 | 448 | 1,051 | 867 |
Other (gains) and losses | (3,905) | (238) | (910) | 1,760 |
Income before income taxes | 10,727 | 6,644 | 13,415 | 9,545 |
Corporate and support | ||||
Segment Reporting Information [Line Items] | ||||
Operating income | (509) | (299) | (875) | (675) |
Walmart U.S. | Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Operating income | 6,114 | 5,683 | 11,098 | 10,145 |
Walmart International | Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Operating income | 1,190 | 1,043 | 2,354 | 1,815 |
Sam's Club | Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Operating income | $ 521 | $ 427 | $ 979 | $ 887 |
Segments and Disaggregated Re_6
Segments and Disaggregated Revenue (Revenue, Walmart US) (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2023 | Jul. 31, 2022 | |
Revenue from External Customer [Line Items] | ||||
Net sales | $ 160,280 | $ 151,381 | $ 311,284 | $ 291,669 |
Walmart U.S. | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 110,854 | 105,130 | 214,755 | 202,034 |
Walmart U.S. | Grocery | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 66,240 | 61,469 | 129,647 | 118,233 |
Walmart U.S. | General merchandise | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 29,076 | 30,073 | 54,841 | 57,452 |
Walmart U.S. | Health and wellness | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 13,374 | 11,331 | 26,222 | 22,225 |
Walmart U.S. | Other categories | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | $ 2,164 | $ 2,257 | $ 4,045 | $ 4,124 |
Segments and Disaggregated Re_7
Segments and Disaggregated Revenue (Revenue, International) (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2023 | Jul. 31, 2022 | |
Revenue from External Customer [Line Items] | ||||
Net sales | $ 160,280 | $ 151,381 | $ 311,284 | $ 291,669 |
Walmart International | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 27,596 | 24,350 | 54,200 | 48,113 |
Mexico and Central America | Walmart International | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 11,994 | 9,690 | 22,952 | 18,778 |
Canada | Walmart International | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 5,842 | 5,767 | 10,982 | 10,917 |
China | Walmart International | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 3,896 | 3,397 | 8,820 | 7,524 |
Other | Walmart International | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | $ 5,864 | $ 5,496 | $ 11,446 | $ 10,894 |
Segments and Disaggregated Re_8
Segments and Disaggregated Revenue (Revenue, Sam's Club) (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2023 | Jul. 31, 2022 | |
Revenue from External Customer [Line Items] | ||||
Net sales | $ 160,280 | $ 151,381 | $ 311,284 | $ 291,669 |
Sam's Club | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 21,830 | 21,901 | 42,329 | 41,522 |
Sam's Club | Grocery and consumables | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 14,325 | 13,392 | 27,823 | 25,693 |
Sam's Club | Fuel, tobacco and other categories | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 3,338 | 4,390 | 6,526 | 7,948 |
Sam's Club | Home and apparel | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 2,428 | 2,492 | 4,507 | 4,607 |
Sam's Club | Health and wellness | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | 1,186 | 1,006 | 2,342 | 2,016 |
Sam's Club | Technology, office and entertainment | ||||
Revenue from External Customer [Line Items] | ||||
Net sales | $ 553 | $ 621 | $ 1,131 | $ 1,258 |