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Segments and Disaggregated Revenue
 12 Months Ended
Jan. 31, 2024
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 and mobile applications, located throughout the U.S., Africa, Canada, Central America, Chile, China, India and Mexico. The Company previously 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, 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 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 InternationalSam's ClubCorporate and supportConsolidated
Fiscal Year Ended January 31, 2024
Net sales$441,817 $114,641 $86,179 $— $642,637 
Operating income (loss)22,154 4,909 2,192 (2,243)27,012 
Interest, net(2,137)
Other gains and (losses)(3,027)
Income before income taxes$21,848 
Total assets$137,782 $86,136 $15,682 $12,799 $252,399 
Depreciation and amortization7,671 2,159 642 1,381 11,853 
Capital expenditures$13,877 $2,911 $1,041 $2,777 $20,606 
Fiscal Year Ended January 31, 2023
Net sales$420,553 $100,983 $84,345 $— $605,881 
Operating income (loss)20,620 2,965 1,964 (5,121)20,428 
Interest, net(1,874)
Other gains and (losses)(1,538)
Income before income taxes$17,016 
Total assets$130,659 $86,766 $15,490 $10,282 $243,197 
Depreciation and amortization$7,054 $1,964 $609 $1,318 10,945 
Capital expenditures$11,425 $2,625 $727 $2,080 16,857 
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 
Total revenues, consisting of net sales and membership and other income, and long-lived assets, consisting primarily of net property and equipment and lease right-of-use assets, aggregated by the Company's U.S. and non-U.S. operations for fiscal 2024, 2023 and 2022, are as follows:
Fiscal Years Ended January 31,
(Amounts in millions)202420232022
Revenues
U.S. operations$532,076 $508,685 $470,295 
Non-U.S. operations116,049 102,604 102,459 
Total revenues$648,125 $611,289 $572,754 
Long-lived assets
U.S. operations$104,480 $95,567 $89,795 
Non-U.S. operations25,858 23,667 22,829 
Total long-lived assets$130,338 $119,234 $112,624 
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, which include omni-channel sales where a customer initiates an order digitally and the order is fulfilled through a store or club, are provided for each segment.
(Amounts in millions)Fiscal Years Ended January 31,
Walmart U.S. net sales by merchandise category202420232022
Grocery$264,210 $247,299 $218,944 
General merchandise113,985 118,597 125,876 
Health and wellness54,898 46,591 42,839 
Other categories8,724 8,066 5,588 
Total$441,817 $420,553 $393,247 
Of Walmart U.S.'s total net sales, approximately $65.4 billion, $53.4 billion and $47.8 billion related to eCommerce for fiscal 2024, 2023 and 2022, respectively.
(Amounts in millions)Fiscal Years Ended January 31,
Walmart International net sales by market202420232022
Mexico and Central America$49,726 $40,496 $35,964 
Canada22,639 22,300 21,773 
China17,011 14,711 13,852 
United Kingdom— — 3,811 
Other25,265 23,476 25,559 
Total$114,641 $100,983 $100,959 
Of Walmart International's total net sales, approximately $24.8 billion, $20.3 billion and $18.5 billion related to eCommerce for fiscal 2024, 2023 and 2022, respectively.
(Amounts in millions)Fiscal Years Ended January 31,
Sam's Club net sales by merchandise category202420232022
Grocery and consumables$56,449 $53,027 $46,822 
Fuel, tobacco and other categories12,854 14,636 10,751 
Home and apparel9,263 9,579 9,037 
Health and wellness5,005 4,248 3,956 
Technology, office and entertainment2,608 2,855 2,990 
Total$86,179 $84,345 $73,556 
Of Sam's Club's total net sales, approximately $9.9 billion, $8.4 billion and $6.9 billion related to eCommerce for fiscal 2024, 2023 and 2022, respectively.