Explanation of
Responses: |
(1) |
This sale from the Walton
Family Holdings Trust (the "Trust") was executed in multiple trades
at prices ranging from $142.85 to $143.845, inclusive. The price
reported above reflects the weighted average sales price. The
reporting person undertakes to provide to the issuer, any security
holder of the issuer, or the staff of the Securities and Exchange
Commission, upon request, full information regarding the number of
shares and prices at which the transaction was
effected. |
(2) |
This sale from the Trust was
executed in multiple trades at prices ranging from $143.85 to
$144.84, inclusive. The price reported above reflects the weighted
average sales price. The reporting person undertakes to provide to
the issuer, any security holder of the issuer, or the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares and prices at which the transaction
was effected. |
(3) |
This sale from the Trust was
executed in multiple trades at prices ranging from $144.85 to
$145.84, inclusive. The price reported above reflects the weighted
average sales price. The reporting person undertakes to provide to
the issuer, any security holder of the issuer, or the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares and prices at which the transaction
was effected. |
(4) |
This sale from the Trust was
executed in multiple trades at prices ranging from $145.85 to
$146.56, inclusive. The price reported above reflects the weighted
average sales price. The reporting person undertakes to provide to
the issuer, any security holder of the issuer, or the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares and prices at which the transaction
was effected. |
(5) |
This sale from the Trust was
executed in multiple trades at prices ranging from $140.73 to
$141.72, inclusive. The price reported above reflects the weighted
average sales price. The reporting person undertakes to provide to
the issuer, any security holder of the issuer, or the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares and prices at which the transaction
was effected. |
(6) |
This sale from the Trust was
executed in multiple trades at prices ranging from $141.73 to
$142.72, inclusive. The price reported above reflects the weighted
average sales price. The reporting person undertakes to provide to
the issuer, any security holder of the issuer, or the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares and prices at which the transaction
was effected. |
(7) |
This sale from the Trust was
executed in multiple trades at prices ranging from $142.73 to
$143.67, inclusive. The price reported above reflects the weighted
average sales price. The reporting person undertakes to provide to
the issuer, any security holder of the issuer, or the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares and prices at which the transaction
was effected. |
(8) |
The transaction is a
distribution of 334,000 shares of Common Stock, for no
consideration, by the Trust to a beneficiary of the
Trust. |
(9) |
This sale from the Trust was
executed in multiple trades at prices ranging from $140.00 to
$140.99, inclusive. The price reported above reflects the weighted
average sales price. The reporting person undertakes to provide to
the issuer, any security holder of the issuer, or the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares and prices at which the transaction
was effected. |
(10) |
This sale from the Trust was
executed in multiple trades at prices ranging from $141.00 to
$141.99, inclusive. The price reported above reflects the weighted
average sales price. The reporting person undertakes to provide to
the issuer, any security holder of the issuer, or the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares and prices at which the transaction
was effected. |
(11) |
This sale from the Trust was
executed in multiple trades at prices ranging from $142.00 to
$142.73, inclusive. The price reported above reflects the weighted
average sales price. The reporting person undertakes to provide to
the issuer, any security holder of the issuer, or the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares and prices at which the transaction
was effected. |
(12) |
The reporting person is a
trustee of the Trust, the entity that owns 265,630,492 shares of
Common Stock. The reporting person disclaims beneficial ownership
of the reported securities held by the Trust except to the extent
of his pecuniary interest therein. |
(13) |
Balance adjusted to reflect
phantom shares acquired as dividend equivalents on deferred
stock. |
(14) |
The reporting person is a
member of Walton Enterprises, LLC, the entity that owns
1,000,891,131 shares of Common Stock. The reporting person
disclaims beneficial ownership of the reported securities held by
such LLC except to the extent of his pecuniary interest
therein. |