Walmart Inc. Debt Offering

Walmart Inc. has entered into a Pricing Agreement with several underwriters, including Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, to sell an aggregate of $350,000,000 of Floating Rate Notes Due 2029, $650,000,000 of 4.000% Notes Due 2029, $1,000,000,000 of 4.150% Notes Due 2031, $1,250,000,000 of 4.450% Notes Due 2033, and $1,000,000,000 of 4.750% Notes Due 2036. The total aggregate principal amount of the notes is $4,250,000,000. The sale is expected to be consummated on April 30, 2026. The net proceeds to Walmart from the sale, after underwriting discounts but before transaction expenses, are expected to be approximately $4,230,348,500. These notes are senior, unsecured debt securities and will rank equally with other senior unsecured debt obligations of the company. The offering is being made under Walmart's existing registration statement on Form S-3ASR.