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COMPREHENSIVE (LOSS) INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS
 12 Months Ended
Aug. 01, 2020
Equity [Abstract]  
COMPREHENSIVE (LOSS) INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS
NOTE 11—COMPREHENSIVE (LOSS) INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS

Changes in Accumulated other comprehensive (loss) income by component net of tax for fiscal 2020, fiscal 2019 and fiscal 2018 are as follows:
(in thousands)
Other Cash Flow Derivatives
 
Benefit Plans
 
Foreign Currency
 
Swap Agreements
 
Total
Accumulated other comprehensive (loss) income at July 29, 2017
$
—

 
$
—

 
$
(15,262
)
 
$
1,299

 
$
(13,963
)
Other comprehensive (loss) income before reclassifications
—

 
—

 
(3,791
)
 
4,219

 
428

Amortization of cash flow hedge
—

 
—

 
—

 
(644
)
 
(644
)
Net current period Other comprehensive (loss) income
—

 
—

 
(3,791
)
 
3,575

 
(216
)
Accumulated other comprehensive (loss) income at July 28, 2018
$
—

 
$
—

 
$
(19,053
)
 
$
4,874

 
$
(14,179
)
Other comprehensive loss before reclassifications
—

 
(32,458
)
 
(1,029
)
 
(61,277
)
 
(94,764
)
Amortization of cash flow hedge
—

 
—

 
—

 
(10
)
 
(10
)
Net current period Other comprehensive loss
—

 
(32,458
)
 
(1,029
)
 
(61,287
)
 
(94,774
)
Accumulated other comprehensive loss at August 3, 2019
$
—

 
$
(32,458
)
 
$
(20,082
)
 
$
(56,413
)
 
$
(108,953
)
Other comprehensive loss before reclassifications
(88
)
 
(89,152
)
 
(1,337
)
 
(62,679
)
 
(153,256
)
Amortization of amounts included in net periodic benefit income
—

 
(2,296
)
 
—

 
—

 
(2,296
)
Amortization of cash flow hedges
21

 
—

 
—

 
17,928

 
17,949

Pension settlement charge
—

 
8,610

 
—

 
—

 
8,610

Net current period Other comprehensive loss
(67
)
 
(82,838
)
 
(1,337
)
 
(44,751
)
 
(128,993
)
Accumulated other comprehensive loss at August 1, 2020
$
(67
)
 
$
(115,296
)
 
$
(21,419
)
 
$
(101,164
)
 
$
(237,946
)


Items reclassified out of Accumulated other comprehensive loss had the following impact on the Consolidated Statements of Operations:
(in thousands)
 
2020
 
2019
 
2018
 
Affected Line Item on the Consolidated Statements of Operations
Pension and postretirement benefit plan obligations:
 
 
 
 
 
 
 
 
Amortization of amounts included in net periodic benefit income(1)
 
$
(3,107
)
 
$
—

 
$
—

 
Net periodic benefit income, excluding service cost
Pension settlement charges
 
11,303

 
—

 
—

 
Net periodic benefit income, excluding service cost
Total reclassifications
 
8,196

 
—

 
—

 
 
Income tax benefit
 
1,882

 
—

 
—

 
(Benefit) provision for income taxes
Total reclassifications, net of tax
 
$
6,314

 
$
—

 
$
—

 
 
 
 
 
 
 
 
 
 
 
Swap agreements:
 
 
 
 
 
 
 
 
Reclassification of cash flow hedge
 
$
24,505

 
$
(13
)
 
$
(827
)
 
Interest expense, net
Income tax benefit (expense)
 
6,577

 
(3
)
 
(183
)
 
(Benefit) provision for income taxes
Total reclassifications, net of tax
 
$
17,928

 
$
(10
)
 
$
(644
)
 
 
 
 
 
 
 
 
 
 
 
Other cash flow hedges:
 
 
 
 
 
 
 
 
Reclassification of cash flow hedge
 
$
29

 
$
—

 
$
—

 
Cost of sales
Income tax benefit
 
8

 
—

 
—

 
(Benefit) provision for income taxes
Total reclassifications, net of tax
 
$
21

 
$
—

 
$
—

 
 


(1)
Amortization of amounts included in net periodic benefit income include amortization of prior service benefit and amortization of net actuarial loss as reflected in Note 14—Benefit Plans.

As of August 1, 2020, the Company expects to reclassify $46.4 million out of Accumulated other comprehensive loss into Interest expense, net during the following twelve-month period.