Walmart Inc. (WMT)
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. As of January 31, 2019 and January 31, 2018, Walmart’s inventories valued at LIFO approximated those inventories as if they were valued at FIFO.
Source: 10-K (filing date: 2019-03-28).
Walmart Inc., Statement of Financial Position, Inventory
USD $ in millions
|Jan 31, 2019||Jan 31, 2018||Jan 31, 2017||Jan 31, 2016||Jan 31, 2015||Jan 31, 2014|
Based on: 10-K (filing date: 2019-03-28), 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).
|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 increased from 2017 to 2018 and from 2018 to 2019.|