Inventory Accounting Policy

Walmart values inventories at the lower of cost or market as determined primarily by the retail method of accounting, using the last-in, first-out ("LIFO") method for substantially all of the Walmart U.S. segment's inventories. The Walmart International segment's inventories are primarily valued by the retail method of accounting, using the first-in, first-out ("FIFO") method. The retail method of accounting results in inventory being valued at the lower of cost or market since permanent markdowns are immediately recorded as a reduction of the retail value of inventory. The Sam's Club segment's inventories are valued based on the weighted-average cost using the LIFO method. At January 31, 2014 and January 31, 2013, Walmart's inventories valued at LIFO approximate those inventories as if they were valued at FIFO.

Source: Wal-Mart Stores Inc., Annual Report


Inventory Disclosure

Wal-Mart Stores Inc., Statement of Financial Position, Inventory

USD $ in millions

Jan 31, 2014 Jan 31, 2013 Jan 31, 2012 Jan 31, 2011 Jan 31, 2010 Jan 31, 2009
Inventories 44,858  43,803  40,714  36,318  33,160  34,511 

Source: Based on data from Wal-Mart Stores Inc. Annual Reports

Item Description The company
Inventories Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). Wal-Mart Stores Inc.'s inventories increased from 2012 to 2013 and from 2013 to 2014.