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Strong, Efficient Growth and Financial Overview

11 Strategic capital allocation Allocation of capital expenditures by type ($ in billions) Allocation of capital expenditures by segment ($ in billions) $10.7 FY20 $10.3 FY21 $13.1 $10.7 $10.3 $13.1 FY22 FY20 FY21 FY22 ■Walmart U.S. ■Sam's Club ■Walmart International Corporate & Support ■U.S. Supply chain, omni-channel, technology and other ■U.S. Remodels ■U.S. New stores and clubs, including expansions and relocations Walmart International . Allocating more capital to supply chain, omni-channel, technology and remodels • Allocating less capital to new store and club opening • Bringing together stores and eCommerce in a more digitally-connected way that makes shopping easier Walmart

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