FISCAL YEAR 2018 ANNUAL REPORT STAND TOGETHER THROUGH TOUGH TIMES STAND TOGETHER THROUGH TOUGH TIMES STAND TOGETHER THROUGH TOUGH TIMES STAND TOGETHER THROUGH TOUGH TIMES STAND TOGETHER THROUGH TOUGH TIMES STAND TOGETHER THROUGH TOUGH TIMES STAND TOGETHER THROUGH TOUGH TIMES STAND TOGETHER THROUGH TOUGH TIMES STAND TOGETHER THROUGH TOUGH TIMES STAND TOGETHER THROUGH TOUGH TIMES STAND TOGETHER THROUGH TOUGH TIMES STAND TOGETHER THROUGH TOUGH TIMES STAND TOGETHER THROUGH TOUGH TIMES STAND TOGETHER THROUGH TOUGH TIMES STAND TOGETHER THROUGHACNT FY2018 ANNUAL REPORT TOUGH TIMES STAND TOGETHER THROUGH TOUGH TIMES STAND TOGETHER THROUGH TOUGH TIMES STAND TOGETHER 3 THROUGH TOUGH TIMES STAND TOGETHER THROUGH TOUGH MESSAGE FROM DOUG MESSAGE FROM JULIE TIMES STAND TOGETHER THROUGHDear Associates, Dear Associates, Walmart, Inc. associates have a strong The Associates in Critical Need Trust legacy of taking care of each other— (ACNT) was created in 2001 with one going back to our early days as a key focus: associates helping associates. TOUGH TIMES STAND TOGETHER company, when associates would pass The ACNT program offers financial around a hat in the break room. assistance to our associates when they are experiencing an unexpected The Associates in Critical Need Trust financial hardship. And it’s because of THROUGH TOUGH TIMES STAND (ACNT) is the modern-day version of associates like you that we can continue this legacy. It helps someone to get to make such an incredible difference through a tough time, and I am honored to join so many other in the lives of so many families—families like James’, a Sam’s TOGETHER THROUGH TOUGH Walmart, Inc. associates in supporting it. Club gas station attendant in Grand Junction, Colorado. Thanks to a grant from ACNT, James was able to secure housing after In these pages, you will read stories of associates who were he lost his home in a fire. helped by ACNT—for example Mike, who works in our Casa TIMES STAND TOGETHER THROUGHGrande, Arizona, Distribution Center and was able to use an While we are rarely able to predict when tragedy will strike, one ACNT grant to cover basic living expenses after he, his wife, his thing we can always count on is the support of our Walmart, Inc. son and three grandchildren lost all their possessions in a flood. colleagues—and that’s exactly what ACNT is all about. TOUGH TIMES STAND TOGETHER We never know when we might have to deal with a disaster On behalf of your fellow associates, thank you for all you do to such as a fire or flood, or experience a serious injury or illness. I make a difference. encourage you to continue to support ACNT and help the next THROUGH TOUGH TIMES STAND associate who may be forced to manage an unexpected event. Sincerely, Thank you for your interest in your fellow associates and for your support of this program. Julie Gehrki TOGETHER THROUGH TOUGH Sincerely, President, Associates in Critical Need Trust TIMES STAND TOGETHER THROUGHDoug McMillon President and CEO, Walmart, Inc. TOUGH TIMES STAND TOGETHER THROUGH TOUGH TIMES STAND TOGETHER THROUGH TOUGH TIMES STAND TOGETHER THROUGH TOUGH TIMES STAND TOGETHER THROUGH TOUGH TIMES STAND ACNT FY2018 ANNUAL REPORT TOGETHER THROUGH TOUGH TIMES 4 ACNT FY2018 ANNUAL REPORT 5 ABOUT ACNT The tradition of supporting one another is strong at Walmart, Inc. It started in the early days with founder Sam Walton, who “passed the hat” at Saturday Morning Meetings to encourage team members to lend a hand to fellow associates. Through the years, this culture of caring grew more deeply and resulted in the formation of the Associates in Critical Need Trust (ACNT). The mission of the Associates in Critical Need Formed by Walmart, Inc. management associates Trust is to provide financial assistance to Walmart, in 2001, ACNT is a 501(c)(3) nonprofit that Inc. associates experiencing a financial crisis as a provides charitable grants of up to $1,500 to result of an unexpected event. associates experiencing financial hardship as a result of an unexpected event. Eligible associates None of us can predict when life will take an who are experiencing a verifiable economic unexpected turn. A natural disaster, serious illness hardship as a result of qualifying circumstances or a death in the family each comes without may apply for a grant from ACNT. Contributions warning and can place serious financial stress on in FY18 were matched dollar-for-dollar up to a family. Small grants from ACNT can make a big $2 million annually by the Walmart, Inc. difference for a family in crisis. Your contributions Foundation and dollar-for-dollar up to $5 million to ACNT have helped so many associates. annually by the Walton Family Foundation. ACNT BY THE NUMBERS THANK YOU SINCE ITS INCEPTION, ACNT FOR KEEPING HAS PROVIDED MORE THAN THE WALMART, ASSOCIATES INC. TRADITION CONTRIBUTED OVER OF STANDING 140,000 BY EACH OTHER GRANTS TO WALMART, INC. ASSOCIATES, $5.8 MILLION ALIVE! TOTALING OVER $130 MILLION. IN FISCAL YEAR 2018 ACNT FY2018 ANNUAL REPORT 6 ACNT’S IMPACT: ASSOCIATE STORIES Over the past 17 years, ACNT has given out over 140,000 grants to associates experiencing financial hardship as a result of an unexpected event. Nobody ever expects to need support from ACNT, but that is what makes it so unique. It is there to help associates when life takes an unexpected turn. JAMES S. LISA S. Gas Station Attendant Distribution Center Desk Clerk Sam’s Club associate since 2013 Walmart, Inc. associate since 2015 When his home caught fire in March 2017, James immediately A single mom, Lisa had to take time off work to care for her ran next door to help his neighbors and their infant child sick parents. Three months later, her father passed away. With evacuate. As he helped others to safety, James lost her mother back to health, she was finally able to return to everything, including his home. Local police honored James work. However, since Lisa had been out taking care of her with a “Hero Award” for his selflessness. parents and unable to work, she found herself overwhelmed by car payments and in debt. One day, a fellow associate Homeless and without possessions, James returned to work reminded Lisa about ACNT. She applied, and ACNT provided where his Personnel Coordinator told him about ACNT. While support at a critical time in Lisa’s life, helping her overcome an his application was being processed, James’ fellow associates unexpected hardship to support her family. rallied together to offer support. Fortunately, he received an ACNT grant, which helped him secure housing. James is so “I knew about ACNT because I had been giving to it through grateful for the support of his fellow associates and ACNT— payroll deductions,” said Lisa. “I didn’t know that it would and hopes to return their generosity one day. come back to me, but I’m so grateful. It is worth giving to.” Mike had just gone to bed after a late-night shift at the distribution center when police officers arrived informing him that his house was about to flood. When the water inside his home reached two feet, he knew it was time to leave. Mike moved his wife, son and three grandchildren into a motel. When he learned he had lost everything, including two vehicles, Mike had no choice but to keep his family in the motel for nearly a month. Mike’s managers encouraged him to apply for an ACNT grant to help cover basic living MIKE R. expenses. He was amazed by how quickly he got support from Receiving Associate ACNT. Mike shared, “Getting a response in three days, it was Walmart, Inc. Supply Chain associate since 1997 unbelievable.” Today, Mike’s grandkids are back in school, and his family has begun the long process of rebuilding. ACNT FY2018 ANNUAL REPORT 7 STAND TOGETHER THROUGH TOUGH TIMES Fiscal Year 2018 Campaign Highlight Every year, we rally our Walmart, Inc. community to start the year strong with our “Stand Together Through Tough Times” campaign. This year’s campaign, which ran from February 20 to March 31, 2017, was another great success, proving what we know well: Walmart, Inc. associates take a special pride in their commitment to supporting each other. Once again, more than half of our salaried management associates participated by donating to ACNT! We are so inspired by this year’s results and thank everyone who got involved: TOTAL PARTICIPATION OF DOLLARS ASSOCIATES IN SALARIED ASSOCIATES: RAISED: NEED HELPED: OVER OVER OVER 56% $1.6M 1.6K ASSOCIATES As always, the Executive Council competition is a great way to have fun and motivate teams to participate. Congratulations to this year’s winners: PARTICIPATION PARTICIPATION INCREASE CREATIVE AWARD SPIRIT AWARD COMPETITION WINNER: COMPETITION WINNER: WINNER: WINNER: TEAM TEAM TEAM DAVID GLASS BRETT BIGGS JACQUI CANNEY JEFF GEARHART TECHNOLOGY CENTER 87% 96% PARTICIPATION INCREASE We want to give a special shout-out to ACNT Champions, associates who went above and beyond by volunteering to promote the “Stand Together Through Tough Times” Campaign. (See full list of Champions on page 26.) ACNT FY2018 ANNUAL REPORT WHY I GIVE: DONOR SPOTLIGHTS The spirit of ACNT is exemplified in the generosity of people across the Walmart, Inc. family—the people who step up to contribute to ACNT. They do it because they believe in our community and in being there to help fellow associates. Jay Baker works in Aviation and has been a Walmart, Inc. associate for three years. I distinctly remember learning about ACNT from our department in 2016. They did a great job of making the charity known and its importance. I was immediately inspired to support it.