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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Jan. 29, 2022
Jul. 31, 2021
ASSETS    
Cash and cash equivalents $ 45 $ 41
Accounts receivable, net 1,241 1,103
Inventories, net 2,426 2,247
Prepaid expenses and other current assets 152 157
Current assets of discontinued operations 0 2
Total current assets 3,864 3,550
Property and equipment, net 1,764 1,784
Operating lease assets 1,097 1,064
Goodwill 20 20
Intangible assets, net 855 891
Deferred income taxes 42 57
Other long-term assets 159 157
Long-term assets of discontinued operations 0 2
Total assets 7,801 7,525
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 1,737 1,644
Accrued expenses and other current liabilities 328 341
Accrued compensation and benefits 223 243
Current portion of operating lease liabilities 145 135
Current portion of long-term debt and finance lease liabilities 122 120
Current liabilities of discontinued operations 0 4
Total current liabilities 2,555 2,487
Long-term debt 2,309 2,175
Long-term operating lease liabilities 988 962
Long-term finance lease liabilities 30 35
Pension and other postretirement benefit obligations 21 53
Other long-term liabilities 215 299
Total liabilities 6,118 6,011
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value, authorized 5.0 shares; none issued or outstanding 0 0
Common stock, $0.01 par value, authorized 100.0 shares; 58.8 shares issued and 58.2 shares outstanding at January 29, 2022; 57.0 shares issued and 56.4 shares outstanding at July 31, 2021 1 1
Additional paid-in capital 596 599
Treasury stock at cost (24) (24)
Accumulated other comprehensive loss (9) (39)
Retained earnings 1,120 978
Total United Natural Foods, Inc. stockholders’ equity 1,684 1,515
Noncontrolling interests (1) (1)
Total stockholders’ equity 1,683 1,514
Total liabilities and stockholders’ equity $ 7,801 $ 7,525