Recently Issued Accounting Standards (Tables)

9 Months Ended

May 02, 2020

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Schedule of Impact of ASU 2016-02

The following table provides the impact of adoption of ASU 2016-02 on the Company’s condensed consolidated balance sheet:

	August 3, 2019 (as reported under ASC 840)		Impact of adoption of ASC 842		August 3, 2019 (as reported under ASC 842)
	(millions)
Assets
Prepaid expenses and other current assets	$	242.3	$	(33.6)	$	208.7
Current assets related to discontinued operations	98.2		(7.6)		90.6
Other intangible assets, net	276.6		(8.4)		268.2
Operating lease right-of-use asset	—		744.4		744.4
Non-current assets related to discontinued operations	11.5		131.5		143.0
Liabilities and Shareholders’ Equity
Current portion of lease liabilities	—		141.3		141.3
Current liabilities related to discontinued operations	94.7		37.8		132.5
Lease-related liabilities	204.6		(204.6)		—
Long-term lease liabilities	—		769.1		769.1
Non-current liabilities related to discontinued operations	35.5		94.2		129.7
Accumulated deficit	(935.9)		(11.5)		(947.4)