The following information was extracted from quarterly reports for Walmart Inc. (amounts in millions):

The following information was extracted from the notes to the financial statements in the Walmart Inc., Annual Report (for the fiscal year ended January 31, 2018, amounts in millions):

Required

Assess the seasonal nature of Walmarts sales and income for the company as a whole and by operating segment.

Three Months Ended April 30, 2017 Operating Net Sales Income $75,436 $4,269 27,097 1,163 13,993 414 Three Months Ended July 31, 2017 Operating Net Sales Income $78,738 $4,618 28,331 1,592 14,880 404 Three Months Ended October 31, 2017 Operating Net Sales Income $77,724 $4,030 29,548 1,249 14,864 447 Walmart U.S.... Walmart International Sam's Club Note 15. Segments Fiscal Year Ended January 31, 2018 Walmart Walmart Corporate U.S. International Sam's Club and Support Net sales..... $318,477 $118,068 $59,216 Operating income (loss) 17,869 5,352 982 (3,766) Total assets. 104,347 81,549 13,418 5,208 Consolidated $495,761 20,437 204,522 Note 17. Quarterly Financial Data (unaudited) Fiscal Year Ended January 31, 2018 Q1 Q2 Q3 Q4 Net sales. $116,526 $121,949 $122,136 $135,150 Cost of sales 87.688 91,521 91,547 102,640 Consolidated net income 3,152 3,104 1.904 2,363