Accumulated Other Comprehensive Loss

12 Months Ended

Jan. 31, 2023

Other Comprehensive Income (Loss), Tax [Abstract]

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

The following table provides the changes in the composition of total accumulated other comprehensive loss for fiscal 2023, 2022 and 2021:

(Amounts in millions and net of immaterial income taxes)	Currency Translation and Other		Net Investment Hedges		Cash Flow Hedges		Minimum Pension Liability		Total
Balances as of February 1, 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(1)	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(2)	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)
Other comprehensive income (loss) before reclassifications, net	(1,145)		—		(571)		5		(1,711)
Return of currency translation to parent(3)	(1,262)		—		—		—		(1,262)
Reclassifications to income, net	(309)		—		368		—		59
Balances as of January 31, 2023	$	(10,816)	$	94	$	(951)	$	(7)	$	(11,680)

(1) 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.

(2) 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.

(3) Upon closing of the noncontrolling interest shareholder buyout of the Company's Massmart subsidiary during the fourth quarter of fiscal 2023, the cumulative amount of currency translation was reallocated from the Company's noncontrolling interest back to the Company. Refer to Note 3.

Amounts reclassified from accumulated other comprehensive loss for foreign currency on matured bonds (reflected in currency translation and other) and derivatives are recorded in interest, net, in the Company's Consolidated Statements of Income. The amounts for the minimum pension liability, as well as the cumulative translation resulting from the disposition of a business, are recorded in other gains and losses in the Company's Consolidated Statements of Income. Amounts related to the Company's derivatives expected to be reclassified from accumulated other comprehensive loss to net income during the next 12 months are not significant.