GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

9 Months Ended

Apr. 27, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Carrying Value of Goodwill

Changes in the carrying value of Goodwill by reportable segment that have goodwill consisted of the following:

(in millions)	Wholesale			Other			Total
Goodwill as of July 29, 2023	$	10	(1)	$	10	(2)	$	20
Change in foreign exchange rates	—			—			—
Goodwill as of April 27, 2024	$	10	(1)	$	10	(2)	$	20

(1)Wholesale amounts are net of accumulated goodwill impairment charges of $717 million as of July 29, 2023 and April 27, 2024.

(2)Other amounts are net of accumulated goodwill impairment charges of $10 million as of July 29, 2023 and April 27, 2024.

Schedule of Identifiable Intangible Assets

Identifiable intangible assets, net consisted of the following:

	April 27, 2024						July 29, 2023
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Amortizing intangible assets:
Customer relationships	$	1,007	$	397	$	610	$	1,007	$	354	$	653
Pharmacy prescription files	33		26		7		33		22		11
Operating lease intangibles	6		5		1		6		5		1
Trademarks and tradenames	88		63		25		89		57		32
Total amortizing intangible assets	1,134		491		643		1,135		438		697
Indefinite lived intangible assets:
Trademarks and tradenames	25		—		25		25		—		25
Intangibles assets, net	$	1,159	$	491	$	668	$	1,160	$	438	$	722

Schedule of Estimated Future Amortization Expense

The estimated future amortization expense for each of the next five fiscal years and thereafter on amortizing intangible assets existing as of April 27, 2024 is as shown below:

Fiscal Year:	(in millions)
Remaining fiscal 2024	$	20
2025	71
2026	67
2027	64
2028	61
Thereafter	360
	$	643