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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)
2023202220232022
Net sales:
Walmart U.S.$110,854 $105,130 $214,755 $202,034 
Walmart International27,596 24,350 54,200 48,113 
Sam's Club21,830 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)
2023202220232022
Operating income (loss):
Walmart U.S.$6,114 $5,683 $11,098 $10,145 
Walmart International1,190 1,043 2,354 1,815 
Sam's Club521 427 979 887 
Corporate and support(509)(299)(875)(675)
Operating income7,316 6,854 13,556 12,172 
Interest, net494 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 category2023202220232022
Grocery$66,240 $61,469 $129,647 $118,233 
General merchandise29,076 30,073 54,841 57,452 
Health and wellness13,374 11,331 26,222 22,225 
Other categories2,164 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 market2023202220232022
Mexico and Central America$11,994 $9,690 $22,952 $18,778 
Canada5,842 5,767 10,982 10,917 
China3,896 3,397 8,820 7,524 
Other5,864 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 category2023202220232022
Grocery and consumables$14,325 $13,392 $27,823 $25,693 
Fuel, tobacco and other categories3,338 4,390 6,526 7,948 
Home and apparel2,428 2,492 4,507 4,607 
Health and wellness1,186 1,006 2,342 2,016 
Technology, office and entertainment553 621 1,131 1,258 
Total$21,830 $21,901 $42,329 $41,522 
Of Sam's Club's total net sales, approximately $2.4 billion and $2.1 billion related to eCommerce for the three months ended July 31, 2023 and 2022, respectively