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Analysis of Inventory
Inventory Accounting Policy
Walmart values inventories at the lower of cost or market as determined primarily by the retail inventory method of accounting, using the last-in, first-out ("LIFO") method for Walmart U.S. segment’s inventories. The inventory at the Walmart International segment is valued primarily by the retail inventory method of accounting, using the first-in, first-out ("FIFO") method. The retail inventory 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 inventory at the Sam’s Club segment is valued using the weighted-average cost LIFO method. At January 31, 2018 and January 31, 2017, Walmart’s inventories valued at LIFO approximated those inventories as if they were valued at FIFO.
Source: 10-K (filing date: 2018-03-30).
Walmart Inc., Statement of Financial Position, Inventory
USD $ in millions
|Jan 31, 2018||Jan 31, 2017||Jan 31, 2016||Jan 31, 2015||Jan 31, 2014||Jan 31, 2013|
Based on: 10-K (filing date: 2018-03-30), 10-K (filing date: 2017-03-31), 10-K (filing date: 2016-03-30), 10-K (filing date: 2015-04-01), 10-K (filing date: 2014-03-21), 10-K (filing date: 2013-03-26).
|Inventories||Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.||Walmart Inc.’s inventories declined from 2016 to 2017 but then increased from 2017 to 2018 not reaching 2016 level.|