We are currently a defendant in a number of cases containing class-action allegations in which the plaintiffs have brought claims under federal and state wage and hour laws, as well as a number of cases containing class-action allegations in which the plaintiffs have brought claims under federal and state consumer laws. Fiscal year is Jan - Dec 2017 2016 2015 2014 2013 2012 2011 2010 2009 Cash 1. We maintain a system of disclosure controls and procedures that is designed to provide reasonable assurance that information, which is required to be timely disclosed, is accumulated and communicated to management in a timely fashion. These documents are available in print to any shareholder who requests a copy by writing or calling our Investor Relations Department, which is located at our principal offices. The company has some defense from online retailers and niche retailers due to its product diversification.
Walmart International operates units in three major categories: retail, wholesale and other. In 1999, we opened our first Neighborhood Market. However, we or our third-party service providers may be unable to anticipate one or more of the rapidly evolving and increasingly sophisticated means by which computer hackers, cyber terrorists and others may attempt to defeat our security measures or those of our third-party service providers and breach our or our third-party service providers information systems. The plaintiff seeks to represent a class of shareholders who purchased or acquired stock of the Company between December 8, 2011, and April 20, 2012, and seeks damages and other relief based on allegations that the defendants' conduct affected the value of such stock. Historically, its highest sales volume and segment operating income occur in the fiscal quarter ending January 31. We also expect that there will be ongoing media and governmental interest, including additional news articles from media publications on these matters that could impact the perception of our role as a corporate citizen among certain audiences.
Nevertheless, it is possible that computer hackers and others through cyberattacks, which are rapidly evolving and becoming increasingly sophisticated, or by other means might defeat our security measures in the future and obtain the personal information of customers, associates and vendors that we hold. However, the same cannot be said about tech stocks. Membership and other income decreased 4. Each year, computer hackers make numerous attempts to access the information stored in our information systems. Certain of these lawsuits, if decided adversely to us or settled by us, may result in liability material to our results of operations, financial condition and liquidity. Also included in the announcement were comprehensive changes to our hiring, training, compensation and scheduling programs, as well as to our store management structure.
In addition, such events could materially adversely affect our reputation with our customers, associates, vendors and shareholders, as well as our operations, results of operations, financial condition and liquidity, could result in the release to the public of confidential information about our operations and financial condition and performance and could result in litigation against us or the imposition of penalties or liabilities, which may not be covered by our insurance policies. We also operate restaurant chains and, on a limited basis, consumer finance operations. From March 2007 to January 2010, she served as Divisional Senior Vice President of Walmart U. You can see my here. We believe our relationships with our associates are good.
Walmart Brazil is cooperating with the agency as well as the District Attorney's Office for the State of Rio Grande do Sul and has filed a mitigation plan to address the situation. Current assets and current liabilities are defined as assets and liabilities falling due within 12 months. Most, but not all, of the derivative suits have been combined into two consolidated proceedings, one of which is currently pending in the Western District of Arkansas and the other in Delaware Court of Chancery. Form of Post-Termination Agreement and Covenant Not to Compete with attached Schedule of Executive Officers who have executed a Post-Termination Agreement and Covenant Not to Compete is incorporated by reference to Exhibit 10 p to the Annual Report on Form 10-K of the Company for the fiscal year ended January 31, 2011, filed on March 30, 2011. Any such description will be located on our website for a period of 12 months following the amendment or waiver. Our business operations are subject to numerous risks, factors and uncertainties, domestically and internationally, which are outside of our control.
When we refer to constant currency operating results, this means operating results without the impact of the currency exchange rate fluctuations and without the impact of acquisitions until the acquisitions are included in both comparable periods. In addition, if consumers in the markets into which we expand are not receptive to our retail concepts or are otherwise not receptive to our presence in a market, our financial performance could be adversely affected. The yield is a bit on the low side, but quantitatively the price appears to be fair. Additionally, all club locations offer Business Members and Plus Members the ability to shop before the regular operating hours Monday through Saturday, starting at 7:00 a. As of January 31, 2013 , our Sam's Club segment operations were supported by 25 distribution facilities located strategically throughout the continental United States. For the purposes of this disclosure only, the registrant has assumed that its directors, executive officers as defined in Rule 3b-7 under the Exchange Act and the beneficial owners of 5% or more of the registrant's outstanding common stock are the affiliates of the registrant. The Company measures the results of its segments using, among other measures, each segment's operating income, which we calculate by including certain corporate overhead allocations.
Higher interest rates, higher fuel and other energy costs, weakness in the housing market, inflation, deflation, increased costs of essential services, such as medical care and utilities, higher levels of unemployment, decreases in consumer disposable income, unavailability of consumer credit, higher consumer debt levels, changes in consumer spending and shopping patterns, fluctuations in currency exchange rates, higher tax rates, imposition of new taxes and surcharges, other changes in tax laws, other regulatory changes, overall economic slowdown and other economic factors could adversely affect consumer demand for the products and services we sell through our business, change the mix of products we sell to one with a lower average gross margin, cause a slowdown in discretionary purchases of goods and result in slower inventory turnover and greater markdowns on inventory. The Motley Fool has a. Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity. Financial Statements and Supplementary Data of this Annual Report on Form 10-K and is incorporated by reference in this item. Hours of operation for nearly all supercenters, and an increasing number of discount stores and Neighborhood Markets, are 24 hours each day. Internationally, we compete with retailers who operate department, drug, dollar stores, variety and specialty stores, supermarkets, supercenter-type stores, hypermarkets, wholesale clubs, internet-based retailers and catalog businesses. Many of our customers shop with us over our e-commerce websites and mobile commerce applications, including walmart.
Walmart International is our second largest segment and has grown through acquisitions, as well as by adding retail, wholesale and other units. All quotes are in local exchange time. The existing and any additional shareholder lawsuits may result in judgments against us and our current and former directors and officers named in those proceedings. In addition, the cost of complying with stricter privacy and information security laws and standards could be significant to us. Effectively, this means that while debt ratios, valuations, or liquidity ratios may seem odd for one company, they must be compared to sector peers in order to gain a suitable comparison. Other, which includes restaurants, drugstores and convenience stores operating under various banners in Brazil, Chile, Japan, Mexico and the United Kingdom, range in size up to 4,200 square feet. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
This part of the balance sheet usually includes things such as bank overdrafts, invoices, expenses, and cash. It is difficult to predict consistently and successfully the products and services our customers will demand. Investors and other readers are urged to consider all of these risks, uncertainties and other factors carefully in evaluating the forward-looking statements. We owned and a third party operated two facilities. As cyber threats evolve and become more difficult to detect and successfully defend against, one or more cyber threats might defeat our security measures or those of our third-party service providers in the future and obtain the personal information of customers, associates and vendors that we hold or to which our third-party service providers have access, and we or our third-party service providers may not discover any security breach and loss of information for a significant period of time after the security breach occurs. Oath will also provide you personalised ads on partner products.
Access to a broad assortment of merchandise, including products not found in our physical stores, and services are available to our customers through our e-commerce websites and mobile commerce applications. Our ability to find qualified suppliers who meet our standards, and to access products in a timely and efficient manner is a significant challenge, especially with respect to suppliers located and goods sourced outside the U. Wal-Mart was one of the first dividend growth stocks I purchased. The seasonality of the business varies by country due to different national and religious holidays, festivals and customs, as well as different climates. Such information is included in Exhibit 13 to this Annual Report on Form 10-K. The various risks inherent in doing business in the U. Moreover, the economies of some of the countries in which we have operations have in the past suffered from high rates of inflation and currency devaluations, which, if they occurred again, could adversely affect our financial performance.