Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Walmart Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Short-term borrowings	3,068)	878)	372)	410)	224)	575)
Accounts payable	58,666)	56,812)	53,742)	55,261)	49,141)	46,973)
Accrued wages and benefits	7,897)	8,590)	8,287)	7,908)	7,654)	6,093)
Self-insurance	4,976)	4,916)	4,724)	4,652)	4,698)	4,469)
Accrued non-income taxes	3,503)	3,459)	3,425)	3,247)	3,328)	3,039)
Opioid litigation settlement	—)	—)	2,949)	—)	—)	—)
Deferred gift card revenue	2,755)	2,664)	2,488)	2,559)	2,310)	1,990)
Other	10,214)	9,130)	9,253)	7,694)	19,976)	6,705)
Accrued liabilities	29,345)	28,759)	31,126)	26,060)	37,966)	22,296)
Accrued income taxes	608)	307)	727)	851)	242)	280)
Long-term debt due within one year	2,598)	3,447)	4,191)	2,803)	3,115)	5,362)
Operating lease obligations due within one year	1,499)	1,487)	1,473)	1,483)	1,466)	1,793)
Finance lease obligations due within one year	800)	725)	567)	511)	491)	511)
Current liabilities	96,584)	92,415)	92,198)	87,379)	92,645)	77,790)
Long-term debt, excluding due within one year	33,401)	36,132)	34,649)	34,864)	41,194)	43,714)
Long-term operating lease obligations, excluding due within one year	12,825)	12,943)	12,828)	13,009)	12,909)	16,171)
Long-term finance lease obligations, excluding due within one year	5,923)	5,709)	4,843)	4,243)	3,847)	4,307)
Deferred income taxes and other	14,398)	14,629)	14,688)	13,474)	14,370)	12,961)
Long-term liabilities	66,547)	69,413)	67,008)	65,590)	72,320)	77,153)
Total liabilities	163,131)	161,828)	159,206)	152,969)	164,965)	154,943)
Redeemable noncontrolling interest	271)	222)	237)	—)	—)	—)
Common stock	802)	805)	269)	276)	282)	284)
Capital in excess of par value	5,503)	4,544)	4,969)	4,839)	3,646)	3,247)
Retained earnings	98,313)	89,814)	83,135)	86,904)	88,763)	83,943)
Accumulated other comprehensive loss	(13,605)	(11,302)	(11,680)	(8,766)	(11,766)	(12,805)
Total Walmart shareholders’ equity	91,013)	83,861)	76,693)	83,253)	80,925)	74,669)
Nonredeemable noncontrolling interest	6,408)	6,488)	7,061)	8,638)	6,606)	6,883)
Total shareholders’ equity	97,421)	90,349)	83,754)	91,891)	87,531)	81,552)
Total liabilities, redeemable noncontrolling interest, and shareholders’ equity	260,823)	252,399)	243,197)	244,860)	252,496)	236,495)

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Walmart Inc. current liabilities increased from 2023 to 2024 and from 2024 to 2025.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Walmart Inc. long-term liabilities increased from 2023 to 2024 but then decreased significantly from 2024 to 2025.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Walmart Inc. total liabilities increased from 2023 to 2024 and from 2024 to 2025.
Total Walmart shareholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Walmart Inc. total Walmart shareholders’ equity increased from 2023 to 2024 and from 2024 to 2025.

Walmart Inc. (NYSE:WMT)

Balance Sheet: Liabilities and Stockholders’ Equity