BUSINESS SEGMENTS (Tables)

9 Months Ended

Apr. 27, 2024

Segment Reporting [Abstract]

Schedule of Business Segment Information

The following table provides information by reportable segment, including Net sales, Adjusted EBITDA, with a reconciliation to (Loss) income before income taxes, depreciation and amortization, and payments for capital expenditures:

	13-Week Period Ended				39-Week Period Ended
(in millions)	April 27, 2024		April 29, 2023		April 27, 2024		April 29, 2023
Net sales:
Wholesale(1)	$	7,236	$	7,235	$	22,004	$	22,008
Retail	571		598		1,808		1,871
Other	50		56		162		172
Eliminations	(359)		(382)		(1,149)		(1,196)
Total Net sales	$	7,498	$	7,507	$	22,825	$	22,855
Adjusted EBITDA:
Wholesale	$	125	$	143	$	360	$	451
Retail	(3)		18		4		66
Other	7		(1)		14		33
Eliminations	1		(1)		(3)		(3)
Adjustments:
Net income attributable to noncontrolling interests	1		1		2		5
Net periodic benefit income, excluding service cost	4		8		11		22
Interest expense, net	(37)		(35)		(112)		(109)
Other income, net	1		1		2		2
Depreciation and amortization	(76)		(77)		(228)		(224)
Share-based compensation	(10)		(10)		(26)		(33)
LIFO charge	(6)		(33)		(19)		(83)
Restructuring, acquisition and integration related (expenses) benefits	(9)		4		(17)		(1)
Loss on sale of assets and other asset charges	(13)		(4)		(37)		—
Business transformation costs	(11)		(7)		(40)		(16)
Other adjustments	—		—		(4)		—
(Loss) income before income taxes	$	(26)	$	7	$	(93)	$	110
Depreciation and amortization:
Wholesale	$	67	$	66	$	200	$	192
Retail	9		9		25		27
Other	—		2		3		5
Total depreciation and amortization	$	76	$	77	$	228	$	224
Payments for capital expenditures:
Wholesale	$	68	$	64	$	203	$	195
Retail	8		3		14		23
Total capital expenditures	$	76	$	67	$	217	$	218

(1)As presented in Note 3—Revenue Recognition, the Company recorded $300 million and $319 million for the third quarters of fiscal 2024 and 2023, respectively, and $951 million and $1,006 million in fiscal 2024 and 2023 year-to-date, respectively, within Net sales in its Wholesale reportable segment attributable to Wholesale to Retail sales that have been eliminated upon consolidation.

Total assets by reportable segment were as follows:

(in millions)	April 27, 2024		July 29, 2023
Assets:
Wholesale	$	6,635	$	6,405
Retail	616		648
Other	393		377
Eliminations	(59)		(36)
Total assets	$	7,585	$	7,394