WAL MART STORES INC | 2013 | FY | 3

The following table summarizes membership fee activity for fiscal 2013, 2012 and 2011:
 
 
Fiscal Years Ended January 31,
(Amounts in millions)
 
2013
 
2012
 
2011
Deferred membership fee revenue, beginning of year
 
$
559

 
$
542

 
$
532

Cash received from members
 
1,133

 
1,111

 
1,074

Membership fee revenue recognized
 
(1,117
)
 
(1,094
)
 
(1,064
)
Deferred membership fee revenue, end of year
 
$
575

 
$
559

 
$
542

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The following table summarizes the Company's property and equipment balances and includes the estimated useful lives that are generally used to depreciate the assets on a straight-line basis:
 
 
 
 
Fiscal Years Ended January 31,
(Amounts in millions)
 
Estimated Useful Lives
 
2013
 
2012
Land
 
N/A
 
$
25,612

 
$
23,499

Buildings and improvements
 
3-40 years
 
90,686

 
84,275

Fixtures and equipment
 
3-25 years
 
40,903

 
39,234

Transportation equipment
 
3-15 years
 
2,796

  
2,682

Construction in progress
 
N/A
 
5,828

  
5,312

Property and equipment
 
 
 
$
165,825

 
$
155,002

Accumulated depreciation
 
 
 
(51,896
)
 
(45,399
)
Property and equipment, net
 
 
 
$
113,929

 
$
109,603

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The following table reflects goodwill activity, by reportable segment, for fiscal 2013 and 2012:
(Amounts in millions)
 
Walmart U.S.
 
Walmart
International
 
Sam's Club
 
Total
Balances as of February 1, 2011
 
$
239

 
$
16,211

 
$
313

 
$
16,763

Changes in currency translation and other
 
—

 
(535
)
 
—

 
(535
)
Acquisitions(1)
 
200

 
4,223

 
—

 
4,423

Balances as of January 31, 2012
 
439

 
19,899

 
313

 
20,651

Changes in currency translation and other
 
—

 
(65
)
 
—

 
(65
)
Purchase accounting adjustments for prior fiscal year acquisitions(2)
 
4

 
(532
)
 
—

 
(528
)
Acquisitions(3)
 
—

 
439

 
—

 
439

Balances as of January 31, 2013
 
$
443

 
$
19,741

 
$
313

 
$
20,497

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